Babylonian Money Magic or How to steal your labor

[Ernie Nemeth]

Hi.

I have been wanting to write a piece about the financial system we are subjected to for a while now. I wanted it to be clear, concise and easy to understand. So much for that.

I hope it at least fills in some of the gaps in understanding how we have been duped into a system that not only steals our wealth directly by removing the benchmark or standard of equivalency, but indirectly as well by transforming us into debt slaves beholden to the system just to survive.

There are no references or links as this is my interpretation of the facts as I understand them.

The article is a bit long so I'll divide it in two.


PART I


True Wealth

All this talk about economic restarts and world currencies in free fall is the motivation behind the writing of this article on what wealth is and the difference between apparent value and real value. The purpose is to illustrate a simple point: money is used as a means to leverage the value of tangible assets and thereby control its distribution.


Grade School Explanation of Money

The best place to start is how money was explained to us as children, which is probably how most of us still understand it today. Let’s start with apples and oranges, a classic example of how a simple lesson in economics can go awry, and has to this day gone unnoticed.

The reason for money is classically explained this way: We need money so we can have a convenient method to compare the value of one commodity against another. How can we know how apples and oranges compare to each other without this sort of system?

We could say that a certain measure of apples is equal to a certain measure of oranges, establishing a ratio of one to the other. This is how markets used to operate. It is called barter.

Another method is to establish a base commodity and then set a ratio of it to each commodity. This was usually done by using a commodity of intrinsic value like sea shells, shiny stones, and later with metal coins. Whatever was used had an established value on its own and could be exchanged for any other commodity in the ratio agreed upon.

Later, silver and gold became the preferred base to which other commodities were compared. Still, it was not uncommon to barter the rate of exchange on a shipment of barley for a shipment of whale oil, corn or any other goods.

The Central banks of each country, along with the Federal Reserve Board, handle all the fine points to ensure the system runs smoothly, efficiently, and equitably (fairly).

Other than these few statements, and a bit of reference to lending rates and maybe inflation or the boom and bust cycles of the economy, not much else is actually known by the average citizen.

Most would be hard pressed to define “fiat currency” or “fractional reserve banking”.


Fiat Currency

Money always had intrinsic value because it was a tangible asset on its own, like gold or silver. It was often minted as coins but could be any shape. The problem began with the printing of paper money representing a deposit held in trust. At first, such fiat currency directly represented a valuable asset held for safe-keeping in some vault somewhere. One dollar represented one dollar’s worth of gold, for example. But no one could prove whether the paper money actually represented a one to one ratio with a tangible asset held in reserve. That’s how the trouble started.

Who would know if more paper is printed? And if more paper is created than there is gold, if gold is the basis of the paper money, then each piece of paper has been devalued and no longer buys that set amount of gold. Of course, the first ones to cash in their paper would get the face value but the ones cashing in at the end would find there is no gold at all to cover any of their paper money.

Something similar happened in the bank runs of decades past, when in a panic (usually manufactured) all the depositors suddenly wanted their deposits at the same time, overwhelming the capacity of the small banks. But in that era the paper money represented a gross weight in gold, and it was a liquidity problem or perhaps bad management rather than a criminal act.

What happens when the asset that used to back the creation of paper money is removed? That is called fraud, or if you live in today’s world: debt-based, fractional reserve banking. The system assigns value to the promissory note to pay of the debtor, and allows the full amount to be lent up front, less a fraction held in reserve (usually 10-20%). The next loan on that money has the same rule applied. The bank need only keep a fraction of that imaginary, yet-to-be-paid-back-loan money in reserve and the rest can be loaned again and again. The more loans issued, the more imaginary, or apparent, value is added to the bank's ledger.

When there is no asset backing the paper money, it becomes the reputation of the country issuing the money that determines its value. This is perception-based paper money, with no tangible asset assigned to it except for the promise of the issuing country to honor it for paying off debt, but there is no promise it will buy you a loaf of bread or any other tangible asset.

Perception-based currencies are all the rage these days. It is totally worthless, unless you are the one printing the currency, of course. Void of the firm belief of its apparent value, the jig would be up and the hoods would fall away.

The money is not pegged to a benchmark and so its performance is susceptible to value-adding tactics based on perception alone. An apple or an orange has intrinsic, or real, value and its value does not change - it is food that can keep you alive. Money can buy an apple, but since money no longer has fiat value, money cannot keep you alive (like back when it represented a sum of gold), only the perception of its value can (it only works so long as all agree to pretend the worthless script has value). That is the difference between apparent value and real value. Real value is the goods in hand or service rendered, apparent value is the worthless paper token.


The Creator of Wealth

The next part of the puzzle to make sense out of the economic disaster of our times is to understand the concept of wealth.

In purely academic terms wealth is the value of tangible assets in one’s possession.

Who makes, assembles, farms, mines, processes or creates these assets? The worker. What this means is that only the worker can add wealth to a society in terms of tangible goods - the things we need as a modern society to keep on living day to day.

The tricky part is coming, so please pay attention, because this is where the hood is pulled over our eyes. Yes, I said it, we’ve been hoodwinked! (thus the comment above of removing said hood)

Wealth is created by work. Only work produces wealth. Only the worker produces real value. Every other class merely serves the worker.

What this means is that wealth is produced solely by the worker and then distributed amongst the other classes. To keep it simple we could break down the rest of society into servants and bureaucrats. Servants supply workers and bureaucrats with daily needs the workers create, while the bureaucrats manage the logistics.

This is the actual backbone of our economy: Workers pay the other classes by gifting a portion of their productive capacity for their consumption. There is only the product of the worker to share, no other class produces value in terms of tangible assets.

So remember, only work creates wealth.

end of part I

[Ernie Nemeth]

Continued


PART II


The Divine Right to Rule

The earth has only so many acres of dry land, a small portion of that is habitable and useful to mankind. Our population keeps growing so the inevitable result is that there is less acreage per person as our numbers continue to grow. More importantly, there is an increasing shortage of land in most metropolitan centers where over half the human population now resides.

Here is where the concept of money comes full circle. It is the claim of the royals to the “divine right to rule” that chained us in bonds we can never break free of because it is that claim, upheld by violently fervent vassals of the crown, that blinds us to the truth.

The land is bequeathed to all living peoples and the creatures of the earth. It cannot be owned. It can only be stewarded.

With that small realization the idea of money becomes irrelevant. Especially a financial system that so obviously favors the least productive class - at the expense of the more productive classes.

It is the sale of land that drives the markets; the ownership of land is big business. Land ownership is the most important commodity on the planet. Whoever owns the land owns everything on it, under it, and over it - including the people.

And no one owns land except the crown under its “divine right to rule” precept. All others are merely granted title.

It should now be clear that all commodities are created or otherwise made available by the worker and that this is the class that has always kept society going. The successful claim to the “divine right to rule” gave a group of self-proclaimed elitists and their supporting gods the power to determine the fate of the people - and themselves. Their foremost goal was to redistribute the wealth produced by the productive class in a manner that all would consider normal and good and fair. That is why money was invented.


Babylonian Money Magic

Back to the apples.

Once an asset-based token is created, like a receipt on a deposit, the exchange rate per commodity is a fairly straight forward negotiation (not in practice but in theory). The token only represents value (the amount on deposit of the base asset) but it does not in itself have value. So a bushel of apples may be negotiated on the value of the base asset the tokens represent.

If you remove the asset the token represents, the token has no value. But if you continue to use the pricing before the tokens became asset-baseless then the system will continue to function so long as everyone continues to honor the token in exchange for their goods and services.

Here is the magic part: what does “honor the token” mean? (the true meaning of the biblical “idol” reference) The things we honor we hold in high esteem and value the most. The simple and innocent act of honoring a valueless token bestows the token with the highest value markers possible.

Now it is not the commodity that determines value, it is the token itself that does.

Control the supply of tokens and you control the supply and distribution of all tangible goods and services. Since the tokens are cheap to make, the return on tokens is immense. When these tokens accumulate into fewer hands, those few can dictate the terms of survival to the rest of us.

Some call this infiltration of value Babylonian money magic, denoting the first state to introduce coinage that we have evidence of today. Babylonian money magic works so well that it is useful to list its progression and consequences again:

-Bartering with tangible assets is cumbersome. It is best to have a common mode of determining value that is more transportable. Money was invented to facilitate that intent.

-Money was money when it had value ascribed to it in reference to a certain amount of a tangible asset, usually a precious metal like gold or silver, or was itself made of these metals.

-A token is merely a marker, representing no value. All paper money is this fiat (in lieu of) currency, except the fiat part has been removed. The paper is backed by no tangible asset whatsoever. Its only value is in the universal perception of its value.

-To convince the world to honor an asset-less based piece of paper is the ultimate trick of Babylonian money magic. It relies on a progression of incremental infiltration, slowly gaining leverage of the entire financial world by the manipulation of the money supply and the asset base.

-Fractional reserve banking practices erode the asset base and devalues the money supply until a point is reached where the amount of money in circulation grossly misrepresents the amount of base metal or currency held in reserve.


The Electronic Bit

The absolute cheapest baseless currency is the electronic bit. This token costs almost nothing compared to the number that can be created. In a world of the electronic token or so-called cash-less society, the return on the bit would be monumental and the control over worldwide affairs almost absolute.

The electronic bit token is employed to create a pseudo-financial market that can absorb the accumulating lag between perceived wealth and real wealth, as a consequence of divorcing money from the real value of a tangible asset, and creating apparent value. Electronic wealth is not real wealth until it is transferred back into the system in the form of cash, or some sort of security, or tangible goods and services.

Babylonian money magic is most ruthless at this stage. There are two financial streams, the fiat-currency-world-bank scheme and the electronic frontier of the bit, little transistors that can store one of two steady states electrically, either on or off.

Electronic money can be created extremely easily, and is the result of fractional reserve lending practices. This money does not exist in any real terms but it can be injected into the fiat-money stream through various clever means - speed, timing and having the inside track top the list, along with money lending of course. Those means and their repercussions brought about the crash of 2008.

On a side note, “too big to fail” really meant “too big a scam to let the cat out of the bag”. If the trust of the consumer in the system fails the system will collapse because it is only the blind trust in the system propping it up in the first place.

Electronic money helps keep the scam out of view of the public, and thereby still trusting in a system that was never meant for anything more than to enslave them and then steal their labor.


Conclusion

The fiat currency scheme keeps the public in line. We are willing automatons gullible enough to hand over our tangible assets in exchange for worthless strips of paper and blips on a screen. While our idea of value remains relatively the same the real value of our work is constantly under-rated and the apparent value of goods and services over-rated, all the while our fiat currencies, backed by nothing but demented insistence and fatal apathy, continue to loose buying power across the board.

That is Babylonian money magic: the enslavement and systemic fleecing of the only productive class in society. Our wealth is in our workers. No coinage can replace them, no blip on a screen or stacks of paper will be satisfactory substitutes for them. When the money men wrangle their deals by financial leverage, workers somewhere suffer. When the workers revolt, things won’t get tended to and people will die.

On the other hand there is a silver lining to this cloud of financial fiasco. The fact that a worthless piece of paper can become the grease of a finely tuned machine like our modern world should be cause to take cheer and have hope. It means that anything upheld as valuable and trustworthy can drive the vast engine of even our modern society.

All society needs are seriously vigilant and committed citizens. All it takes is investing trust where it rightly belongs and always resides anyway, whether regulated or not. The worker: the farmer; the trades person; the doctor; the miner; the assembly-line worker; the engineer and the nurse; the pilot and the police; the soldier; the dock worker; the seamstress; the truck driver; the army of workers that bring you all the goods, the services and the luxuries of modern life. Put trust in those that erected the cities and invented the plethora of modern gadgets, you already do by proxy because you live there and use them. Place value in the hands that create. Honor the truly valuable and protect them with your lives. They gave you it in the first place, your modern lives.

All others, if they are not workers, are at best merely value added participants or are a burden to the system, reduce value, and are non-productive. It might serve to ask, “What do I create of value?”, to understand the number of “jobs” with no productive value. If you do not create, or add value in some other, indirect way, you are part of the problem. Regardless, if you do not create value someone else’s value must be tapped to satisfy your survival needs. Paradoxically, non-productive “jobs” are often the highest paid ones. This upside-down valuing must stop.

The war right now is over the ideology of the entire system. Money will go through a transformation, along with everything else. If a fiat currency with no asset backing can be seen as valuable and treated as valuable and willingly exchanged for valuable things like our labor, then we will eventually sell our souls to buy a loaf of bread.

One baker has more value than a hundred bankers. Yet who lives on the hill in the mansion and works in a massive edifice of glass and steel? There is your corruption. There is your greed. That is the result of the Babylonian money magic system.

It has worked for thousands of years.

We can end it with a thought.

Overnight.

end of article

comments welcome

[enigma3]

Indications are that Russia and China are moving towards a gold backed currency. They are stockpiling tons of it. If and when that happens the promise currencies are toast. And then the $20 trillion US national debt will crush us. Ah the Kali Yuga. Glad I have a front row seat.

[Atlas]

[...] It has worked for thousands of years.

We can end it with a thought.

Overnight.
Slave work for sure, ask this boy:
ddUr80nHtHk

[waves]

Thank you very much for taking the time to write that explanation, it really helped me to put bits and pieces in order that I never really could before.

Excuse these two sloppily expressed questions, not sure if they have any validity. I suspected that there came a point where every country joined the crowd of countries that can print their own money without anything backing it. Why is there any so called debt to each other? What is stopping any country from printing and/or electronically sending the illusion of money to another country to pay some so called debt?

The other half of the question - if that's not happening, what is stopping any country from printing as much of their own currency as they want, meaning how do countries keep each other in check so they don't do that?

Thank you in advance.

[Bubu]

Thank you very much for taking the time to write that explanation, it really helped me to put bits and pieces in order that I never really could before.

Excuse these two sloppily expressed questions, not sure if they have any validity. I suspected that there came a point where every country joined the crowd of countries that can print their own money without anything backing it. Why is there any so called debt to each other? What is stopping any country from printing and/or electronically sending the illusion of money to another country to pay some so called debt?

The other half of the question - if that's not happening, what is stopping any country from printing as much of their own currency as they want, meaning how do countries keep each other in check so they don't do that?

Thank you in advance.

no you cant regulate money printing i mean never. unless there is one world government by that time we are totally
enslave.


yes Eirnie thanks for putting it in a nice perspective. the only thing with real value is natural resources human resource included. money is NOT a necessary evil. jeeez how could an evil be necessary.

[Bubu]

Indications are that Russia and China are moving towards a gold backed currency. They are stockpiling tons of it. If and when that happens the promise currencies are toast. And then the $20 trillion US national debt will crush us. Ah the Kali Yuga. Glad I have a front row seat.

ha! you mean another form of scam, be it gold back or concrete back its still money. as long as there is money there will be hoarding usury and slavery. if i have an excess of something i must give it away and not store it in the form of money same goes with everyone. money thinking is "I mine" thinking we need to graduate from that thinking. of course most people cant imagine living with out money. but it can be done. its very simple and doable the only thing that is difficult is the transition. people are going off grid thats what needs to be done. thats why the elite is so careful in not putting the economy totally down lest people learn to live off grid.

[Bubu]

a very concise explanation of money; they can print money, we cant. so we work and at the end of the day they give us a piece of paper.

rothschild owns all of the central banks that has the sole authority to print money.



"The majority believes that everything hard to comprehend must be very profound. This is incorrect. What is hard to understand is what is immature, unclear and often false. The highest wisdom is simple and passes through the brain directly into the heart"
Viktor Schauberger

[Baby Steps]

During WW2 the UK £ was still a super strong reserve currency. It was a global standard that the Germans tried to destroy by printing excellent fakes. The British retained their industries and wealth during that era because they had captive markets (the Empire) so uncompetitive export prices were not a driver towards devaluation.

With the retreat from Empire the £ had to redefine it's role. It's value was determined by what could be purchased with it, from the UK. As long as the UK had assets and production there would be some inherent value to it, but it did go through a great inflation/devaluation from the 50's to 70's. During this time foreign investors would not wish to hold the £ in quantity. One of the turning points was when Mrs Thatcher persuaded the Saudis to deposit and invest in the UK. The UK has successfully transitioned into a medium trading power who's currency is unlikely to basket as long as value is being added by workers in the UK.During the inflation era real GDP generally grew.

To me, the Ron Paul/Austrian school concept that a fiat currency will inevitably collapse is wrong. It will inflate if too much of it is produced. But the underlying value added of production and assets within that currency area will underpin SOME value. So it continues, perhaps with a re-issue with fewer zeros on the notes if necessary.

Gentle inflation is useful. It allows assets to appreciate, and incentivizes borrowing to invest. However holding huge amounts of that currency may not produce a return. But that is OK, because investment in real assets is more important.

Issues I see are two fold:

1. The process of issuing the currency by private bankers is a process of debt creation. The private elite lend us numbers on a screen, collect interest, then buy up all the real assets. This oligarchical mechanism ensures concentration of wealth at the top, which is the hallmark of decadent pre-collapse corrupt economies.

2. In the case of the current USA the British experience above is a guide. However I fear that since the dollar is the global reserve currency and continues to be in demand, the elite have continued to flood the market with dollars without creating excessive US inflation. The currency is stashed around the world in vast quantities, and I have never seen any attempt to quantify this. The amount generated is much more than the USA national debt- currently approximately $20 trillion. This is because older debt has been paid using newly created currency. If one uses the 'post imperial test' above with the dollar i.e. what assets, production or added value is available for all these dollars it is unavoidable that a re-set is coming.

We have an economy that produces less and less, relatively, items that people want. In terms of assets, there are heaps, but many are now foreign owned. The Chinese are demanding a swap of treasuries for land. That speaks volumes.

It is a dangerous time, but what would help would be a slight devaluation, particularly against the remnimbi, which should assist to rebuild industry. The economy desperately needs a growth spike to shrink it's debts relatively, and a key component of that is immigration. Another, I would suggest , would be to bring the huge illicit drug industry into the taxed legal sphere.

[Ernie Nemeth]

waves:

Excuse these two sloppily expressed questions, not sure if they have any validity. I suspected that there came a point where every country joined the crowd of countries that can print their own money without anything backing it. Why is there any so called debt to each other? What is stopping any country from printing and/or electronically sending the illusion of money to another country to pay some so called debt?

The other half of the question - if that's not happening, what is stopping any country from printing as much of their own currency as they want, meaning how do countries keep each other in check so they don't do that?


Thanks for the reply. First off, I must insert a disclaimer: I am not in any fashion an expert on this subject. I have always suspected that there was something going on in the financial world that wasn't quite right but I had no clue what. It took thirty years of occasional study punctuated by fits and starts of understanding before I thought I had a reasonable grasp of the situation. The particulars don't matter. I mean I am interested in the particulars but they can bog you down and confuse you, it does me. To keep it simple is to understand the basics, that's all. Those basics, as I have explained them, are probably (for sure, even) modified a great deal by particulars.

Baby Steps sounds far more knowledgeable and perhaps we could ask that member to respond, or any others with in depth knowledge. But I'll take a stab at it...

Countries do not deal in cash, for one thing. They deal in that fabricated world of the electronic bit. And that is why they must submit to a central bank. That bank is not the country's bank, it is the cartel's bank, part of their world-wide central bank ponzi scheme. So a given country has no means to electronically manufacture funds, only the cartel does.

I think, if I am hearing this right, that maybe you still might believe that there is integrity in the financial system somewhere continuing to right the wrongs of errant countries. A country can do what it wants to its own people, that is the only ones who would be hurt by devaluing the money by printing too much of it. More goods could be bought for a while from trading partners, but that is good for their economy - it keeps people working and generating taxable income. The devalued money country would have a hard time selling their goods, and work would become in short supply. That would reduce their country's revenues and lower their rating with the SEC, the Securities Exchange Commission. Over printing a country's money supply is a disaster, tried many times by many countries.


Babu:
money thinking is "I mine" thinking
Really like that quote.


Baby Steps:
The economy desperately needs a growth spike to shrink it's debts
It sure does. Maybe like a new energy source: clean, efficient, open-ended, and virtually free...

[Satori]

These are good questions that "waves" ask, post #5, but are essentially touching upon flip sides of the same coin.

In a central banking system, which involves most banks in the world, money is debt. Debt is money. Money comes into existence because someone, individuals, or governments and businesses, borrow the so-called money. If all debt were discharged, money would cease to circulate in exact proportion to the debt that is discharged. (Notice I am not saying paid. Payment and discharge are related but different, although they have the same legal effect.). For instance, discharge of 2 billion US dollars would cause 2 billion US dollars to cease to exist so to speak. That money would not be in circulation, so no one has the use of it. It is generally good policy to not be in debt, we think. But, in a central banking system if there were no debt, there would be no money. Therein lies a conflict that causes many other problems. It's all baked into the cake. The issue of usury, i e., interest, and it's many deleterious affects is an altogether other issue.

Hence, due to countries' and its peoples' desire to have plenty of money, but minimize debt, myriad global and national laws, rules, and regulations have been developed over the many years to attempt to regulate money creation and related financial matters in such a way that there is a balance, of sorts. These laws and such are also intended to create incentives for countries to not upset that balance--whatever that may be at any given time. This led to such things as
the creation of the World Bank, the Bank of International Settlments, the federal reserve etc...

Generally speaking, the reason countries get in debt to other countries is usually because the debtor country either borrowed from the creditor country directly by a loan, or the trade balances between the two countries is such that the debtor country sold less goods (and maybe services) to the creditor country than the creditor country sold to the debtor country. There are millions of transactions taking place on a daily basis and the balance of things is a moving target. It takes financial clearinghouses and powerful computers to keep track of all transactions and determine who owes who how much. The picture changes in nanoseconds anymore due to computers and virtually real time transactions.

Countries do not "print" excessive amounts of so-called money, which is mostly electronic bits or "weightless photons in the electromagnetic ether" (to quote someone in a book I read) because it is usually contrary to their best interest to do so. They have to try to stay within the rules that they impose on themselves, at the margins at least, or suffer the consequences if they do not. These consequence are national and global and include devaluing their currencies though inflation and increased debt. There are many other serious consequences too.

A good place to start if you are interested in more information is G. Edward Griffin's book, The Creature From Jekyll Island.

[Bubu]

These are good questions that "waves" ask, post #5, but are essentially touching upon flip sides of the same coin.

In a central banking system, which involves most banks in the world, money is debt. Debt is money. Money comes into existence because someone, individuals, or governments and businesses, borrow the so-called money. If all debt were discharged, money would cease to circulate in exact proportion to the debt that is discharged. (Notice I am not saying paid. Payment and discharge are related but different, although they have the same legal effect.). For instance, discharge of 2 billion US dollars would cause 2 billion US dollars to cease to exist so to speak. That money would not be in circulation, so no one has the use of it. It is generally good policy to not be in debt, we think. But, in a central banking system if there were no debt, there would be no money. Therein lies a conflict that causes many other problems. It's all baked into the cake. The issue of usury, i e., interest, and it's many deleterious affects is an altogether other issue.

Hence, due to countries' and its peoples' desire to have plenty of money, but minimize debt, myriad global and national laws, rules, and regulations have been developed over the many years to attempt to regulate money creation and related financial matters in such a way that there is a balance, of sorts. These laws and such are also intended to create incentives for countries to not upset that balance--whatever that may be at any given time. This led to such things as
the creation of the World Bank, the Bank of International Settlments, the federal reserve etc...

Generally speaking, the reason countries get in debt to other countries is usually because the debtor country either borrowed from the creditor country directly by a loan, or the trade balances between the two countries is such that the debtor country sold less goods (and maybe services) to the creditor country than the creditor country sold to the debtor country. There are millions of transactions taking place on a daily basis and the balance of things is a moving target. It takes financial clearinghouses and powerful computers to keep track of all transactions and determine who owes who how much. The picture changes in nanoseconds anymore due to computers and virtually real time transactions.

Countries do not "print" excessive amounts of so-called money, which is mostly electronic bits or "weightless photons in the electromagnetic ether" (to quote someone in a book I read) because it is usually contrary to their best interest to do so. They have to try to stay within the rules that they impose on themselves, at the margins at least, or suffer the consequences if they do not. These consequence are national and global and include devaluing their currencies though inflation and increased debt. There are many other serious consequences too.

A good place to start if you are interested in more information is G. Edward Griffin's book, The Creature From Jekyll Island.

you have a rather complicated explanation of money which to me makes no sense at all. but whether you are correct or not bottom point is money is an exchange tool which is essentially a measure of a mans labor. say one man hour should cost a dollar. a mans effort stored in money. its how much effort is needed to produce an apple as compared to that of orange. not the product but the effort. now here is the tricky part the banker gets more money than the baker or the farmer. and the truth is ;if humanity comes to see the collective self we dont need measures. thats how a family do it. we simply share without the need for measure. to put it simple money promotes selfishness. "I mine". without money we are force to share not store/hoard. unless we can store excess apples and oranges indefinitely for future use, in banks perhaps. we also dont have to work excessively as we cannot store our efforts in money if there is no money. thus we have more time for fun. well for one with money humanity became more productive (at the expense of nature)... and for whom? I can imagine how they are having a good laugh at the stupid sheeple.

[Satori]

These are good questions that "waves" ask, post #5, but are essentially touching upon flip sides of the same coin.

In a central banking system, which involves most banks in the world, money is debt. Debt is money. Money comes into existence because someone, individuals, or governments and businesses, borrow the so-called money. If all debt were discharged, money would cease to circulate in exact proportion to the debt that is discharged. (Notice I am not saying paid. Payment and discharge are related but different, although they have the same legal effect.). For instance, discharge of 2 billion US dollars would cause 2 billion US dollars to cease to exist so to speak. That money would not be in circulation, so no one has the use of it. It is generally good policy to not be in debt, we think. But, in a central banking system if there were no debt, there would be no money. Therein lies a conflict that causes many other problems. It's all baked into the cake. The issue of usury, i e., interest, and it's many deleterious affects is an altogether other issue.

Hence, due to countries' and its peoples' desire to have plenty of money, but minimize debt, myriad global and national laws, rules, and regulations have been developed over the many years to attempt to regulate money creation and related financial matters in such a way that there is a balance, of sorts. These laws and such are also intended to create incentives for countries to not upset that balance--whatever that may be at any given time. This led to such things as
the creation of the World Bank, the Bank of International Settlments, the federal reserve etc...

Generally speaking, the reason countries get in debt to other countries is usually because the debtor country either borrowed from the creditor country directly by a loan, or the trade balances between the two countries is such that the debtor country sold less goods (and maybe services) to the creditor country than the creditor country sold to the debtor country. There are millions of transactions taking place on a daily basis and the balance of things is a moving target. It takes financial clearinghouses and powerful computers to keep track of all transactions and determine who owes who how much. The picture changes in nanoseconds anymore due to computers and virtually real time transactions.

Countries do not "print" excessive amounts of so-called money, which is mostly electronic bits or "weightless photons in the electromagnetic ether" (to quote someone in a book I read) because it is usually contrary to their best interest to do so. They have to try to stay within the rules that they impose on themselves, at the margins at least, or suffer the consequences if they do not. These consequence are national and global and include devaluing their currencies though inflation and increased debt. There are many other serious consequences too.

A good place to start if you are interested in more information is G. Edward Griffin's book, The Creature From Jekyll Island.

you have a rather complicated explanation of money which to me makes no sense at all. but whether you are correct or not bottom point is money is an exchange tool which is essentially a measure of a mans labor. say one man hour should cost a dollar. a mans effort stored in money. its how much effort is needed to produce an apple as compared to that of orange. not the product but the effort. now here is the tricky part the banker gets more money than the baker or the farmer. and the truth is ;if humanity comes to see the collective self we dont need measures. thats how a family do it. we simply share without the need for measure. to put it simple money promotes selfishness. "I mine". without money we are force to share not store/hoard. unless we can store excess apples and oranges indefinitely for future use, in banks perhaps. we also dont have to work excessively as we cannot store our efforts in money if there is no money. thus we have more time for fun. well for one with money humanity became more productive (at the expense of nature)... and for whom? I can imagine how they are having a good laugh at the stupid sheeple.


Bubu, the key to what I posted is in the phrase "in a central banking system". I assure that what I said is accurate with respect to money creation within a fractional reserve, fiat, legal tender central bank monetary system.

Yes, money is a medium of exchange, but it is no longer a store of value. Money in a central banking system has no intrinsic value. Apart from the peoples' confidence in it, which is fickle at best, and apart from the fact that we can still use it to buy goods and services, and most importantly because it is the only medium that is accepted by the state to discharge taxes, fees, permits etc..., there would be no demand for the fiat, legal tender-funny money that is created by central banks.

Intrinsically, the value of a man's or woman's labor is constant. In a central banking system the value of fiat legal tender fluctuates depending upon the supply of the so-called money in circulation. The supply of money is in direct proportion to the debt also created in the form of a variety of financial instruments such as promissory notes, bonds, and other securities. So when we give our labor in exchange for money, we may not always receive an equivalent exchange. The money may have less purchasing power, called inflation, when we receive it.

I am not defending the central banking system. Indeed, I have elsewhere attacked it. I am merely providing information about the way it is, not the way it should be.

[Bubu]

this thread is a very interesting topic to me after all we all work for money, money makes the world go round.
so let me explain inflation from my understanding since i do not subscribe to the popular BS.

they can print money we cant, so we work and at the end of the day they give as some paper which then we used to buy goods that we ourselves made in the first place :bigsmile:. and the money goes into circulation
inflation is when they print more money to give to those who work on their mind control program, military program and all of the for humanity programs. more inflation when they print more money and compete to buy the equipment's and materials that are produce by the sheeple, to be use in all their programs.

contrary to the claim above a country does not have authority to determine how much money to print it is only authorize to determine whos face appear on the money. that is why any newly elected president does not appoint a central bank secretary. the country does not own its central bank
any country who owns its central bank will be destroyed.

"give me control of a nations money and i care not who makes its laws" the man who said it must be having a good laugh that despite him saying the sheeple still dont understand how money works. as stated money is used to "steal your labor". any other explanation is BS to me.

[Ernie Nemeth]

Money is for the control of the distribution of wealth, nothing more. It has always been so. It has nothing to do with the classical explanation we have all been told as children, and into our teens.

That is the point. This is shedding light on their modus operandi, the way they like to handle many of the most important topics in our lives. They sell us an easy to understand fairy tale, in this case how it was imperative to establish money so you can compare apples and oranges, that overrides the actual circumstance, in this case that they are stealing our labor. To compare apples and oranges sounds so logical, but if you accept that logic that short circuits the ability to understand the broader, truer picture - the logic behind the perception.

They do that with any topic that might lead to people figuring out the actual happenings on this planet. They have misled us in science, in religion, in health and healing, in history, in geology, in cosmology, even in philosophy. They did this because there is a bigger truth, a truth that if you knew it would free you from illusion and their control.

But who is this they? And what are they really hiding? Those are the questions we try to unravel every day here at Avalon.

And I love it and this place.

Thanks for all your responses so far.

[Bubu]

Money is for the control of the distribution of wealth, nothing more. It has always been so. It has nothing to do with the classical explanation we have all been told as children, and into our teens.

That is the point. This is shedding light on their modus operandi, the way they like to handle many of the most important topics in our lives. They sell us an easy to understand fairy tale, in this case how it was imperative to establish money so you can compare apples and oranges, that overrides the actual circumstance, in this case that they are stealing our labor. To compare apples and oranges sounds so logical, but if you accept that logic that short circuits the ability to understand the broader, truer picture - the logic behind the perception.

They do that with any topic that might lead to people figuring out the actual happenings on this planet. They have misled us in science, in religion, in health and healing, in history, in geology, in cosmology, even in philosophy. They did this because there is a bigger truth, a truth that if you knew it would free you from illusion and their control.

But who is this they? And what are they really hiding? Those are the questions we try to unravel every day here at Avalon.

And I love it and this place.

Thanks for all your responses so far.

agree but the bigger truth is the simple truth which they made to appear as profound and complicated. there is no such thing as complicated truth.
who are they? the ones who control the money and probably some ETs behind them their God.

[Bubu]

These are good questions that "waves" ask, post #5, but are essentially touching upon flip sides of the same coin.

In a central banking system, which involves most banks in the world, money is debt. Debt is money. Money comes into existence because someone, individuals, or governments and businesses, borrow the so-called money. If all debt were discharged, money would cease to circulate in exact proportion to the debt that is discharged. (Notice I am not saying paid. Payment and discharge are related but different, although they have the same legal effect.). For instance, discharge of 2 billion US dollars would cause 2 billion US dollars to cease to exist so to speak. That money would not be in circulation, so no one has the use of it. It is generally good policy to not be in debt, we think. But, in a central banking system if there were no debt, there would be no money. Therein lies a conflict that causes many other problems. It's all baked into the cake. The issue of usury, i e., interest, and it's many deleterious affects is an altogether other issue.

Hence, due to countries' and its peoples' desire to have plenty of money, but minimize debt, myriad global and national laws, rules, and regulations have been developed over the many years to attempt to regulate money creation and related financial matters in such a way that there is a balance, of sorts. These laws and such are also intended to create incentives for countries to not upset that balance--whatever that may be at any given time. This led to such things as
the creation of the World Bank, the Bank of International Settlments, the federal reserve etc...

Generally speaking, the reason countries get in debt to other countries is usually because the debtor country either borrowed from the creditor country directly by a loan, or the trade balances between the two countries is such that the debtor country sold less goods (and maybe services) to the creditor country than the creditor country sold to the debtor country. There are millions of transactions taking place on a daily basis and the balance of things is a moving target. It takes financial clearinghouses and powerful computers to keep track of all transactions and determine who owes who how much. The picture changes in nanoseconds anymore due to computers and virtually real time transactions.

Countries do not "print" excessive amounts of so-called money, which is mostly electronic bits or "weightless photons in the electromagnetic ether" (to quote someone in a book I read) because it is usually contrary to their best interest to do so. They have to try to stay within the rules that they impose on themselves, at the margins at least, or suffer the consequences if they do not. These consequence are national and global and include devaluing their currencies though inflation and increased debt. There are many other serious consequences too.

A good place to start if you are interested in more information is G. Edward Griffin's book, The Creature From Jekyll Island.

you have a rather complicated explanation of money which to me makes no sense at all. but whether you are correct or not bottom point is money is an exchange tool which is essentially a measure of a mans labor. say one man hour should cost a dollar. a mans effort stored in money. its how much effort is needed to produce an apple as compared to that of orange. not the product but the effort. now here is the tricky part the banker gets more money than the baker or the farmer. and the truth is ;if humanity comes to see the collective self we dont need measures. thats how a family do it. we simply share without the need for measure. to put it simple money promotes selfishness. "I mine". without money we are force to share not store/hoard. unless we can store excess apples and oranges indefinitely for future use, in banks perhaps. we also dont have to work excessively as we cannot store our efforts in money if there is no money. thus we have more time for fun. well for one with money humanity became more productive (at the expense of nature)... and for whom? I can imagine how they are having a good laugh at the stupid sheeple.


Bubu, the key to what I posted is in the phrase "in a central banking system". I assure that what I said is accurate with respect to money creation within a fractional reserve, fiat, legal tender central bank monetary system.

Yes, money is a medium of exchange, but it is no longer a store of value. Money in a central banking system has no intrinsic value. Apart from the peoples' confidence in it, which is fickle at best, and apart from the fact that we can still use it to buy goods and services, and most importantly because it is the only medium that is accepted by the state to discharge taxes, fees, permits etc..., there would be no demand for the fiat, legal tender-funny money that is created by central banks.

Intrinsically, the value of a man's or woman's labor is constant. In a central banking system the value of fiat legal tender fluctuates depending upon the supply of the so-called money in circulation. The supply of money is in direct proportion to the debt also created in the form of a variety of financial instruments such as promissory notes, bonds, and other securities. So when we give our labor in exchange for money, we may not always receive an equivalent exchange. The money may have less purchasing power, called inflation, when we receive it.

I am not defending the central banking system. Indeed, I have elsewhere attacked it. I am merely providing information about the way it is, not the way it should be.

thanks for the clarification becomes clearer to me that it really what I believe it is. and apologies for misinterpreting

[ThePythonicCow]

Money is for the control of the distribution of wealth, nothing more.
Money is lent into existence. At the point that new money is created, two offsetting documents or credits are created. The bank credits the borrower with more money, and extracts a promise to repay it, and then some (with interest.)

The debt grows, and grows, and grows, as the promises to pay ever more back in the future accumulate.

Eventually, we all become debt slaves. Individuals, businesses, and governments, rich (though not the super-rich) and poor, large and small, world-wide. Those nations that might resist get the "gift of democracy" delivered to them, special air delivery, by US bombers, or covertly delivered by US counter-intelligence operations, including terrorists.

The money can reward the compliant. The debt enslaves us all.

I have owned two homes in my life. They were both about the same size and quality of construction. One cost 10 or 20 times the other. The expensive one was normally of the sort that people with good incomes and credit ratings could purchase, so its price was driven up to many times its basic cost to build, because banks would issue large mortgages to prospective buyers. Of course, the seller would prefer to sell to the buyer who can offer the largest price. The cheap one was normally sold to people who had little or no credit, so had to pay mostly cash or short term, expensive, debt. It's price to me was basically the cost of construction, as the sellers couldn't find buyers able to borrow much money to buy it.

Most of my taxes goes toward paying off the debt of the city, state and nation that I live in.

Much of my food money goes toward paying off the debts of the grocery store chain, agriculture businesses (the ones that used bank credit to buy out what we used to call "farms"), food processors and food distributors. In each case, the largest, most successful of these businesses are the ones able to get the most money lent to them.

Even the stock market and computer technology areas, where at one time or another I have made good money, depend on lending ... they both rise in "value" (aka nominal price) when times are "good" (lending is easy), and both decline (or collapse) in value when times are "hard" (banks retract lending.)

The Social Security that provides my current income, and the retirement funds that many of my age group depend on or expect to depend on soon are invested in these debt dependent stocks and bonds of debt burdened businesses and governments. When it becomes obvious that there is not enough "there there" to come close to paying out all the expected retirement benefits from these sources, myself and my age group are going to have to learn the hard way how to get by with much less than we were promised.

Socialism, with its promises of medical care, education, higher minimum wages, retirement benefits, maternatity leave, and free phones ("Obama phones") is another form of this same debt - shut up now, stay in line, don't worry, and all will be well, thanks to promised benefits. These promises will mostly be defaulted on, just as as will much of the other debt in the world.

The "money" is almost the distraction. It's the "debt" that is enslaving humanity, and has been doing so for thousands of year (at least.)

President Clinton was famous for reminding himself, during his first campaign for the office of President of the US, that "It's the economy, stupid."

I would rather remind myself that "It's the debt, stupid." Fortunately, I'm not running for public office, as I doubt that slogan would serve me well for such a campaign.

[Ernie Nemeth]

Without the concept of money there would be no debt. Why should you be beholden to me tomorrow for what I deliver today? Today is over, we all made it. Let's relax, have a few beers or a nice chat and get a good long night's rest, like we were designed to do. Now, let's tackle the new today. What's so hard about that?

Money keeps us thinking about the past and the future, at the expense of the present, the only time we have.

I know blah, blah, blah. The simple truth is like that sometimes, just nice words, no substance.

Kinda like money...

[ThePythonicCow]

Without the concept of money there would be no debt.
Yes, without money, there would not be debt as we know it, and yes, I can imagine money without such debt. The religions that forbid interest bearing debt can imagine such too.

However money without such debt would not be nearly as useful tool for the enslavement of humanity and its institutions as is that debt.

We're debt slaves, in ways large and small, far and wide. Focusing on the fraud known as money can serve as a "limited hangout" ... illuminating part of the problem, while distracting us from a more serious part of the problem.

[Karma Ninja]

In many ways money (not currency) is used to depict how intrinsically impoverished it's users are on the global scale. Money is meant to denote suggested value which can be fine if used honestly. However, like most things mankind gets it's hands on, money has been deeply perverted. It's really just one element of our enslavement but might be the most insidious and evil part of it.

[Alpha141]

Hi all,

I taught myself currency trading along my journey to be invested in this energy system to understand it very thoroughly. I have 2 documentaries out there about this theme. The first 20mins of the second below (Money - The Ultimate Consciousness Pacifier) shows the money making process visually and the need to increase debt levels etc. The artificial 'saddle' grid over Mother Earth gains a good part of its energy via life force harvesting via money.

1. Andrew Bartzis, Sean David Morton - The Babylonian Money Curse - An Entity Who's Time Has Come
U8v6zuFVOtU

2.Money - The Ultimate Consciousness Pacifier
4tpC7GY-6hs

Alot in these. Enjoy

[Ernie Nemeth]

Thanks Alpha, good videos. Greg Braden has a good show on Gaia, that summarizes the radical changes in our understandings in science. So radical that it makes our present science archaic and obsolete.

Just a few examples of "successful" business ventures:

Walmart: Many stories of how the employees of Walmart need to use welfare to subsidizes their income in order to survive. This from one of the biggest employers in the USA.

Tim Horton's coffee company: The shining star of Canadian success stories, made their 4 billion dollar revenue on the backs of an army of minimum wage earners.

2008 economic jobless recovery: banks busted our economy, then banks and companies made a "miraculous" turnaround, with government bailouts, and recorded unprecedented profits the next few years - without creating any new jobs! - The infamous "jobless" recovery.

These are some of the financial slight of hand, smoke and mirror tactics exposed for what they are: Economic monetization of an entire society, based on valueless exchange for real wealth (your labor and its tangible results)

[Bubu]

so now that we have defined clearly how money works to our disadvantage, what shall we do. i for one wanted to escape money. i wanted to grow our food in the vast unused land so i dont have to use money to survive. but the brainwash sheeple prevent me from doing so saying that they have the sole right to the unused land because they put the equivalent value of money on them.

this one shows that no amount of "looking inside" will solve this problem and that the collective has more influence on the individual than we realize. we need to work on ourselves work with others and shun money. no need for resource based economy or fair exchange, we only need sharing and taking responsibility.

[Ernie Nemeth]

There are many legitimate concerns by good intentioned individuals to make any sweeping declarations. Without forethought and debate, the proper course of action is difficult to chart.

For starters, reparations for the massive financial scam of the last hundred years (especially the last fifty) would go a long way toward effecting a lasting course change. A radical new energy source would revolutionize our society in countless ways. As would a new approach in almost every field of human endeavor. With a more accurate data set of information, facts instead of propaganda and half truths, most institutions would need to reprioritize, reinvent, recycle their resources, direction, and focus.

Still, there is a lot of mess to make, and then clean up before any true progress can be made.

[Bubu]

There are many legitimate concerns by good intentioned individuals to make any sweeping declarations. Without forethought and debate, the proper course of action is difficult to chart.

For starters, reparations for the massive financial scam of the last hundred years (especially the last fifty) would go a long way toward effecting a lasting course change. A radical new energy source would revolutionize our society in countless ways. As would a new approach in almost every field of human endeavor. With a more accurate data set of information, facts instead of propaganda and half truths, most institutions would need to reprioritize, reinvent, recycle their resources, direction, and focus.

Still, there is a lot of mess to make, and then clean up before any true progress can be made.

this one i will disagree with you. from the standpoint of "truth is self explanatory" there shouldn't be any debate.

truth dwells in simplicity while deceit hide in complexity. people are lost by following a complex path.

in the case of money , starting from self we should start freeing ourselves from money. grow our food and steer away from jobs dependent on money. simple as that imo

and unless we come up with a solution or recommendation to the problem you identify your efforts will be more or less useless.

[Ernie Nemeth]

In order for true, lasting, and effective change to take place a renaissance of thought would have to occur. For this to happen, it has to be a simple, powerful, and heartfelt meme. Something that anyone, with any background and any level of learning can understand and make their own. A catchy phrase, perhaps, that evokes much deeper issues and plunges right to the heart of the matter. Something that can change a reaction in mid-action or a habit into an act of love.

As evidenced all around us, we have the infra-structure to implement any change we might wish to enact.

The only other thing we need for any of this to happen is a portable device that delivers power on demand at any level required without the need for fuel and without any cost to the environment. Deliver that into the hands of the public and see how fast things change.

It may be messy, it may cost lives, but in the end we would have a peaceful and happy society.

The day after we might privatize key sectors of the economy, like transportation and energy, and reprioritize real research into alternate methods of power and distribution.

On the next day we could call for business as usual but only half the hours.