The essence of debt money: Banks have exclusive license to interchange value for promises [Archive]

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ThePythonicCow

22nd July 2015, 02:11

There are several memes popular in the alternative media attempting to explain what is money and what are the fundamental flaws with our current monetary system.

For example, some of these popular memes are:

The banks just create money out of nothing when they lend it.
It's the exponential growth of compounded interest that dooms the system to overwhelming debt.
Paper (fiat) money is not real; gold and silver are.
Our birth certificates are used, directly and explicitly, but covertly, as backing for more national debt.
Gold is the only currency which has no liability attached to it.

These each have an element of truth to them, but I would claim that these memes are allowed to persist, even covertly perpetuated by the bastards in power, because they each miss the mark in some critical way, and are easily dismissed as tinfoil hat nonsense to most listeners.

The essential element:

The Banksters have a virtual monopoly on exchanging present value with promised value.

One obvious way that the Banksters exercise this monopoly is in the granting of loans - lending out money (present value) in exchange for promissory notes (promised value.)

Another way they exercise this monopoly is in the funding of wars - fight now, using weapons and armies we funded with our lending, in exchange for some promised peace in the future.

Yet other ways include socialism - government funded promises of future health, retirement, and other social benefits in exchange for some votes or taxes or greater acceptance of government control now.

Yet another way is higher education - take out student loans now in return for the promise of a ticket to the middle class and a better life later on.

Insurance policies and retirement funds are yet other such ways, as are the building up of excess industrial capacity and infrastructure (ask China about that one.)

The essential mechanism is a pump and dump. Pump up the expectations more than can be realized, with credit friendly terms (got a pulse ... can you fog this mirror ... sure you can have this loan), and then tighten credit, call in loans, and yank (aka steal) the credit of key institutions (as with Lehman Brothers in September 2008) and governments (as with Greece in the present) in as a means to foreclose or repossess or outright steal property, in the trillions and hundreds of trillions of dollars worth, world wide.

The interest on debt is not the essential element of this scheme. Even if all debt were interest free, this pump and dump scheme, based on manipulating the ease of exchanging present value with future promises, would continue to work to enslave humanity.

That our money is paper fiat money rather than gold and silver mined from the bowels of the earth is not the essential element of this scheme. The Banksters ran these same schemes when the world used precious metals for money; though the ease of pushing 1's and 0's around on a computer screen no doubt enables them to construct more elaborate variations of these pump and dump schemes.

As but one more example, Social Security, a US Federal government retirement scheme, was easy for people to accept when there were 8 or 10 of us baby-boomers, earning more than our ancestors ever dreamed of earning, paying for every 1 retired senior citizen, who had grown up in the Great Depression and could get by on next to nothing for income. But Social Security won't work so well when there is only 1 or 2 young workers, saddled with student loan debt, getting by on a couple of low wage part time service sector jobs, for every 1 retired baby boomer, expecting to continue to live a middle class life. The population and economic demographics of this were obvious at least as far back as the 1950's, and to the astute observer, should have been obvious even at the very birth of Social Security, back in the 1930's. It's yet another grand pump and dump scheme, spanning the better part of a century.

I joke to my son - he'd better start working harder - he's going to have to pay half my Social Security income, and I expect to continue to enjoy life. He'll have to work harder to do this than I did; I only had to pay perhaps 1/8-th of my mother's Social Security income, and she could pinch a penny until it squealed. For some reason, my son never laughs at this joke.

The near monopoly on the exchange of present value for promised value, in diverse forms ... that is a key point of leverage that the Banksters and their ilk have obtained over human civilization.

T Smith

22nd July 2015, 04:00

The key here, I think, is the banksters also enjoy a monopoly on the promised value, i.e., that which is promised is ever sought by the enslaved class to satisfy the indebtedness of the present value. The promised value has to be procured from somewhere as we move into the present. That somewhere is always future promised value. Thus we are always chasing after present value in exchange for promised value, ad infinitum.

The result, of course, is bondage and enslavement. The whole dynamic kind of reminds me of a calculus function where no matter what the present value we input, we can never achieve the limit of promised value.

T Smith

22nd July 2015, 04:34

Put another way:

SLAVE (to bank): If you give me $10 today I promise to pay you $11 tomorrow.

BANK: Okay. Sounds like a good deal. I accept your promise. Let me create $10.00 for you. Here you go.

SLAVE: WOO HOO! WOO HOO! I get to play with $10 for a full day!

(Tomorrow comes... slave assesses his ability to deliver on his promise. He beholds the $10 in his hands and figures he can repay to the bank, but quickly realizes he has promised something impossible to conjure, namely the $1 on top of the $10. How does the slave give the bank back something that does not yet exist? How can the slave possibly give an additional dollar to the bank when there are only $10 dollars to begin with?

The slave ponders this dilemma. Ah! Ha! I will ask the bank!, and thus, as a cat chasing its tail, he enters into a new dialog with the bank:

SLAVE (to bank): If you give me $1.00 today, I promise to pay you $1.10 tomorrow.

BANK: Okay. Sounds like a good deal. I accept your promise. Let me create $1.00 for you. Here you go.

(Tomorrow comes... slave assesses his ability to deliver on his promise. He beholds the $1 in his hands and figures he can easily give it back to the bank, but quickly realizes he has promised something impossible to conjure, namely the $.10 on top of the $1.00 How does the slave give the bank back something that does not yet exist? How can the slave possibly give $.10 to the bank when there are only $11 dollars to begin with?

And so on and so forth, ad infinitum.

ThePythonicCow

22nd July 2015, 04:35

The key here, I think, is the banksters also enjoy a monopoly on the promised value, i.e., that which is promised is ever sought by the enslaved class to satisfy the indebtedness of the present value.
Sometimes ... but not always. When an individual, business or government takes out a loan, it is they who hold the promised value, their future income, which falls short of what is necessary to make the debt payments after the debt has been piled sufficiently high, and the economic activity then dumped.

ThePythonicCow

22nd July 2015, 04:40

Put another way:

... How can the slave possibly give an additional dollar to the bank when there are only $10 dollars to begin with? ...

And so on and so forth, ad infinitum.
This is the classic argument against interest bearing debt ... it compounds exponentially.

The primary point of my opening post is that even if debt never bore any interest, the pump and dump schemes played by the Banksters, exchanging present and promised value back and forth, would still provide them with a powerful means of manipulating humanity.

The essence of our problem is not the interest ... it is the virtual monopoly that the Banksters have on exchanging present and promised value back and forth, which offers them a seemingly unlimited variety of means for ratcheting up their control over humanity (the billions of individuals) and human civilization (their various organizations and collectives.)

DNA

22nd July 2015, 10:41

Mr. Cow sir, what of the petrol dollar, the idea that our currency is backed by natural resources?
And then there is the Ben Fulford take that the USA blackmails and threatens countries like Japan to buy it's debt or else?
And then there is the not so crazy idea that our secret space fleet as reported by Gary Mckinnon is bringing something of value back to the US, could be mined ore, could be helium 3.

mgray

22nd July 2015, 10:54

Thanks for the OP Paul, very interesting in its premise.

But wouldn't you say that humans operate on the idea of "exchanging present value with promised value" in many other arenas?

Why would you get married? Have children? Take a new job? You would not do these things unless you thought down the road life would be better than it is now.

So bankers are exploiting code that is in the factory settings of our operating system, so to speak and are not the only ones with a virtual monopoly exchanging present and promised value.

Just a thought.

idiit

22nd July 2015, 11:41

fiat currency is one layer of the enslavement onion.

Baby Steps

22nd July 2015, 13:48

FACETS OF THE FINANCIAL TYRANNY

As we all know, money lending can be an aggressive business aimed at acquiring assets from the bankrupt, but any lender has to take into account the possibility of bad debt-ie they do not get back what they have leant. When you look at marginal borrowers, ie those who are struggling to repay, and may not have the assets to compensate the lender, I do not think lenders like lending to them as there is a high likelihood of financial losses. So at the National level, and many governments would be seen as a marginal borrower, I do not think that for example Greece is a victim of predatory lending – as far as ASSETS are concerned. Greece’s lenders are looking at a loss, whatever assets they manage to recover- such as Government buildings and other publicly owned assets, that will be taken. Looking at the World Bank & IMF, the tyranny is more to do with interest that these countries are forced to pay, and the subversive influence that a lender can exert, by threatening to call in loans. Argentina has recently been subjected to pure vindictiveness in this regard:

http://www.theguardian.com/commentisfree/2014/jun/20/argentina-us-vultures-economy

TYRANNY 1 – Money as debt.
The cost to print a Federal Note is 2.3c. This money is fiat, meaning it has no inherent worth. It is printed or created electronically, then leant to the US government at interest on its face value. The Fed is a privately owned institution. Where is the justice in charging interest on something with no inherent value? This is the crime of usury. In most countries there is a veil of secrecy and obfuscation over who owns and controls the central bank – and benefits from the interest – but in the case of UK and probably almost everywhere else it is NOT the taxpayer.
Usury was banned in Europe until the middle ages, and is banned under Islamic banking, a policy which I believe was divinely inspired. The alternative to straight interest is profit share, and this is how the burgeoning Islamic banking industry in London is working.

In the video at the bottom Karen Hudes set out her view that usury is the core of the current tyranny. It acts as a constant sweeping mechanism for the Elite to mop up real assets(wealth created by all the ordinary people). The rich do not hold that much cash- an asset who’s value is eroded by inflation. They would not look at anything returning under 8%. They prefer land, commercial enterprises, antiques, art etc.
The huge holdings they have ensure an on-going control.

http://www.tax-freedom.com/ta24000.htm

TYRANNY 2 – Fractional Reserve Banking
The alternative media have not quite got this right in my view. As I understand it, banks are given a ratio , or multiple of the amount that is deposited with them, that they are allowed to loan out- ie they lend more than they have. So what David Icke et al say- that banks just create money by typing a number onto a computer is correct. I quizzed an insider about this here in the UK and was told that when a loan is collected that ‘money’ is then passed to the central bank.
So the entries made in the books of the bank when lending electronically created money are:
Debit: Asset: Loan to customer
Credit: Liability: Central Bank.
So the lender pays the money it collects , after keeping the interest element, over to the central bank, where presumably the number is then deleted off the computer screen.
So suppose a bank is allowed to lend out at a ratio of 10:1 it would work as follows;
Fred Bloggs deposits £10,000. The bank pays him 1.5% interest per annum : £150
Once the bank gets the £10k in it is allowed to lend out £100k at whatever interest rate it can get on the open market- so in this case the bank lends £100k to a mortgage customer at 4%- an annual interest income of £4,000 as compared to a cost of £150. Now although this is not a license to print money, it is obviously very profitable.
However, if the Mortgage loan becomes a bad debt, that bank would still have to pay the remaining balance that it owed over to the Central Bank. It would repossess and sell the house, and any loss would be taken in the bank’s accounts.

TYRANNY 3 – Bank Bail outs

We the people have borrowed to bail out banks. If a bank makes a bad investment and goes bust this should be a matter for the shareholders. This is a basic Free Market tenet. The Banks blackmailed government to secure bail outs. Bad USA Mortgage debt was laundered into triple A in New York & London. The banks then used fear of a wider collapse to force Governments to pay bail outs. It makes me think of a tumour that screams- ‘Don’t cut me out! You will die of blood loss!’

TYRANNY 4- Global Pheonix Fiat Currency

We are in a period of historically low interest rates. The four ‘kill shots’ that can be engineered are:
- Interest rates go up on national debts, forcing harsh austerity. In many countries this will not be accepted by the populus-governmental collapse follows.
- World Bank & IMF get into difficulties if there are any large National Debt defaults-China may not help.
- General Dollar collapse may be a shock too large for the Global economy to survive in its current form.
- Any large national debt defaults – not Greece, but perhaps Italy, could set off a domino collapse amongst the Banks.
Interestingly, the countries who are insulated from this chaos are the ones that the MSM keeps telling us are our enemies!
When/if the calamity occurs, they will try to launch a global Fiat currency, again from a privately owned source.

http://www.youtube.com/watch?v=Wx_OKPl27s0

ThePythonicCow

22nd July 2015, 17:36

Mr. Cow sir, what of the petrol dollar, the idea that our currency is backed by natural resources?
That is another excellent example of my thesis - binding the US Dollar system to the dominant energy source presently in use. Immense resources are expended, and immense wealth and power, or least adequate energy supplies, anticipated in the future, all quite tightly bound to the major financial institutions and to the Anglo-American empire, all denominated, until recently (unless you wanted US Air Force bombers flying over your capital city) in US Dollars.

And then there is the Ben Fulford take that the USA blackmails and threatens countries like Japan to buy it's debt or else?
I seldom know what to make of Fulford -- he provides what I suspect is one of the more "exotic" blends of insight, distraction and deceit out there - but I would be quite willing to accept that the US has blackmailed Japan and other countries to buy its debt. As the steaming pile of personal, corporate and government debt and other (many other) promises to pay in the future grows far, far, faaar beyond any possibility of being redeemed at the promised value in real goods and services, increasingly desperate means are employed to keep that pile from exploding into smithereens ... well ... employed to delay and control the eventual timing and sequencing of that inevitable explosion.

And then there is the not so crazy idea that our secret space fleet as reported by Gary Mckinnon is bringing something of value back to the US, could be mined ore, could be helium 3.
This might be one of the future connections between present value (the means to mine space) and promised value (future returns of immense energy) that I anticipate will unfold on a grander scale, perhaps after the current Anglo-America-Dollar hegemony self-destructs. Recall that the seeds of the Petro-Dollar were visible in the Saudi desert, prior to World War II, in Dhahran, Saudi Arabia (http://education.nationalgeographic.com/thisday/mar3/oil-discovered-saudi-arabia/). The Petro-Dollar would not ascend to the throne as the dominant monetary unit for another 35 years, with the 1973 Oil Crisis (https://en.wikipedia.org/wiki/1973_oil_crisis), involving the formation of OPEC, gas lines in the US, and Nixon's Secretary of State, Henry Kissinger.

ThePythonicCow

22nd July 2015, 17:50

But wouldn't you say that humans operate on the idea of "exchanging present value with promised value" in many other arenas?

Why would you get married? Have children? Take a new job? You would not do these things unless you thought down the road life would be better than it is now.

So bankers are exploiting code that is in the factory settings of our operating system, so to speak and are not the only ones with a virtual monopoly exchanging present and promised value.

Just a thought.

Absolutely. Plants form seeds, reptiles eggs, beavers dams, birds nests, ants tunnels, mammals spend years raising their young, deciduous trees protect their reservoir of "food" in their roots during the cold winters, ...

An interesting example involving seeds and farmers. For thousands of years, farmers have known to put aside some seeds from each years crop, in order to sow next years crop. There are stories of people in rural villages literally starving to death, even as they still had edible seeds saved away, because they held those seeds in such high value.

But now, in many places around the world, farmers are being force into a system where they must borrow money each year, to purchase seeds from Monsanto, which can not be used to make viable seeds for next year's crop. This yet another example, of many, in which the monopoly of Bankster controlled debt-money and other such financial (and entwined) interests is further entangled with the fundamental means of preserving and perpetuating humanity and human civilization.

Excellent thought.

¤=[Post Update]=¤

fiat currency is one layer of the enslavement onion.
One element, one layer - yes.

But not the essential element, in my view. The "fiat" nature of our currency (government dictated use) is but one aspect of this system, and not, in the view of my opening post, the central aspect.

ThePythonicCow

22nd July 2015, 17:59

FACETS OF THE FINANCIAL TYRANNY

...
TYRANNY 1 – Money as debt.

...
TYRANNY 2 – Fractional Reserve Banking

...
TYRANNY 3 – Bank Bail outs

...
TYRANNY 4- Global Pheonix Fiat Currency

...

Yes - another way to list some of the key memes that are ordinarily used to explain our monetary system and its inherent flaws.

I am suggesting that the central, core, essential construct behind these memes is the increasing monopolization of the exchange of present value and future promises.

One might even see such a monopolization in quite another form in earlier (and still continuing to this day for many people) dominance of civilization by religions that promised future heavens (or virgins or whatever) for present day sacrifices.

Selkie

22nd July 2015, 18:13

Yes - another way to list some of the key memes that are ordinarily used to explain our monetary system and its inherent flaws.

I am suggesting that the central, core, essential construct behind these memes is the increasing monopolization of the exchange of present value and future promises.

One might even see such a monopolization in quite another form in earlier (and still continuing to this day for many people) dominance of civilization by religions that promised future heavens (or virgins or whatever) for present day sacrifices.

Would I be very mistaken to say that by analogy, its like more and more, we all "own our souls to the company store"?
tfp2O9ADwGk

ThePythonicCow

22nd July 2015, 18:19

Would I be very mistaken to say that by analogy, its like more and more, we all "own our souls to the company store"?
Absolutely, Silkie ... I had a mind to post that very song in this thread myself ... one of my all time favorites.

Here's an earlier version, sung by Tennessee Ernie Ford, that reached number one in the Billboard (https://en.wikipedia.org/wiki/Billboard_(magazine)) charts in 1955:
Joo90ZWrUkU

Here's the lyrics to this 1946 classic, written and first recorded by Merle Travis:

Some people say a man is made outta mud
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

I was born one mornin' when the sun didn't shine
I picked up my shovel and I walked to the mine
I loaded sixteen tons of number nine coal
And the straw boss said "Well, a-bless my soul"

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

I was born one mornin', it was drizzlin' rain
Fightin' and trouble are my middle name
I was raised in the canebrake by an ol' mama lion
Cain't no-a high-toned woman make me walk the line

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

If you see me comin', better step aside
A lotta men didn't, a lotta men died
One fist of iron, the other of steel
If the right one don't a-get you
Then the left one will

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

idiit

22nd July 2015, 19:22

There are several memes popular in the alternative media attempting to explain what is money and what are the fundamental flaws with our current monetary system.

i'm a pig. I have a pig for an avatar. since i'm a self confessed pig I find the following to be amusing. it's not my fault. I didn't do it. :)

How scientists taught monkeys the concept of money. Not long after, the first prostitute monkey appeared

Read more: http://www.zmescience.com/research/how-scientists-tught-monkeys-the-concept-of-money-not-long-after-the-first-prostitute-monkey-appeared/#ixzz3geHcCZ2W

^ true story. other links to same topic:

http://www.nytimes.com/2005/06/05/magazine/monkey-business.html?_r=0

http://www.outsidethebeltway.com/the_inevitable_profession/

the power of money as a medium of exchange hinges on the concept of scarcity. if something is abundant there is no reason to "exchange".

according to the ed's there is no scarcity of anything necessary for survival on earth. the would be enslavers have made common items necessary to a decent life scarce, and then make us work like dogs for a few scraps of fiat. we then exchange this fiat for items we need. enslavement.

meanwhile, back at the virtual printing press the debt slave masters create $trillions out of thin air ( debt based bonds, qe, tarp,....) and allow themselves to be paid interest$ on this debt they created with our signatory promise to "make the debt good". they know this debt with interest can never be paid back. they then demand real physical assets from the bug caught in the spider's web until the bug is sucked dry and discarded as useless to any self respecting parasite. Greece is the latest bug.

without the illusion of scarcity the whole ponzi scam wouldn't work. the buyer using the fiat would just go get some for themselves. no debt. no money.

according to the ed threads lots of human dna is being traded galactically for other rare, valuable stuff like advanced technology. again, it's the scarcity of something highly desired that determines that item's perceived value.

scarcity is the essence. scarcity of something necessary makes it valuable. what/how it is traded for depends on what system you are in.

http://www.zmescience.com/research/how-scientists-tught-monkeys-the-concept-of-money-not-long-after-the-first-prostitute-monkey-appeared/

when women realized how crazed men can get for sex....... :)

ThePythonicCow

22nd July 2015, 22:43

Jim Willie, of GoldenJackass.com (http://GoldenJackass.com), has a quote in this month's subscription newsletter that reflects some of what I suggesting in this thread, and states it more clearly and accurately than I have:

=========

"To save [farm output] is completely natural. By that I mean saving is part of nature. Dogs bury their bones. Squirrels hoard nuts. Even plants set aside some excess solar energy for a rainy day by producing and storing sugar.

For us humans, agriculture was our earliest form of savings, and it was the key ingredient to civilization. With a vast pool of food savings at his disposal, early man could put down roots and build societies without having to worry about where the next meal would come from. It was this sense of savings that formed the dividing line between primitive man and civilized man.

This reminds me of that old criticism about gold being a barbarous relic. John Maynard Keynes first coined the term when he denounced the gold standard, and Paul Krugman has echoed this sentiment in our own time. Both men are champions of government spending and the inexhaustible creation of paper money. It is a curious statement, though, given that gold is an acknowledged form of savings. Even governments and central banks around the world continue to hold gold as part of their official reserves. Owning gold is saving, which by definition is civilized, not barbarous.

Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future. It is the modern equivalent of gorging on some wild beast with no thought to tomorrow's meal, or in this case, no thought of tomorrow's generation.

Debt is the barbarous relic, not gold. Governments are up to their eyeballs in it, continuing to engage in this primitive, uncivilized behavior with wanton abandon. Do not expect them to change their ways. Our society awards our most respected prizes for intellectual achievement to faux-scientists who encourage these barbarous acts. They create complex mathematical models, proving why our neanderthal governments should print more money, borrow more debt, and stage fake alien invasions to boost the economy.

No doubt future anthropologists will find this to be a curious and savage system."

~ the Sovereign Man
=========

The fundamental distinction which the above quote makes clear, which my words here have not made clear, is that debt, unlike real savings, is used to fund debt money, and is based on a promised extraction of future goods and services, labor and resources, rather than the setting aside of such for use in the future. It is essentially negative savings ... we have less in the future because we promised some of that future to the Banksters. With real savings, one has more in the future, saved up from the past.

Meggings

22nd July 2015, 23:39

Further to Idiit's words: "this debt they created with our signatory promise to "make the debt good". they know this debt with interest can never be paid back. they then demand real physical assets from the bug caught in the spider's web until the bug is sucked dry and discarded as useless to any self respecting parasite. Greece is the latest bug."

I add this picture of today:
30633

By the way, I thought these words were most telling in the article Idiit posted about teaching monkeys about money:

"It’s exactly these selfish desires that they tried to exploit and experiment with great success after teaching capuchins to buy grapes, apples and Jell-O."

Ernie Nemeth

23rd July 2015, 00:24

I've been thinking that part of the problem is the social contract of the 40 hour work week. By having a set amount of time one must work also plays into the hands of the financial types. They can set prices accordingly because they can anticipate the average amount of discretionary funds per household and thereby leverage the price of commodities.

Also, another little trick that is often not spoken of is the fact that prices are set so that the lowest 30% cannot afford to pay. This is the same 30% that have no credit so they are left with no way to purchase except to save the funds directly from their paychecks - and most of us know how hard that can be.

Another thing with credit is that it is once removed from reality so people are very cavalier with lines of credit - like that money is free. Here I am thinking about house buying where people offer huge sums over and above the asking price as if they were rich.

As prices continue their upward trend, more and more people fall out the bottom end, which erodes the middle class. If they do manage to buy a home they have little money left for other purchases. Thus the term "house poor".

For example, I bought a house for cash twenty years ago by saving for less than two years (my spouse and I, that is). Can't do that anymore...

Earthlink

23rd July 2015, 00:32

Yeah, and when my father built our house, he did a bunch of work himself, and land and everything included it cost him 10 grand. It's worth 400K or more today, that's insane, especially considering wages have been pretty flat line all while productivity has gone way up. Thomas Jefferson said banksters were more of a threat than standing armies.

So, what is to be done about it? Regional currencies?

mgray

23rd July 2015, 02:59

The issuing of debt is not hard work. It's quite easy in fact. Banks electronically place cash in an account with a few keystrokes.

Saving is hard and therefore not something that can be done by most people.

Is it any wonder that as the baby boom generation came into more powerful positions, the me generation began ringing up debt, since they wanted it all and right away. Not only in Washington, but in their personal lives.

Household debt exploded in the 1980s compared with generations past.
And now we and our children are here to pay for it.

idiit

24th July 2015, 15:34

scientist harald "black goo" kautz has just released another great must see ( imo ) video. at the end he addresses what money is; gaming addiction deriving from a false control and dominate layer paradigm of "scarcity". good stuff . start at 2:01:45 or thereabouts.

https://www.youtube.com/watch?v=j88BcgzzcTc

idiit

27th July 2015, 13:57

Goodbye Troika: Germany Rides Into Its Greek Colony On The "Quadriga"
Tyler Durden's picture
Submitted by Tyler Durden on 07/27/2015

A quadriga (Latin quadri-, four, and iugum, yoke) is a car or chariot drawn by four horses abreast (the Roman Empire's equivalent of Ancient Greek tethrippon). It was raced in the Ancient Olympic Games and other contests. It is represented in profile as the chariot of gods and heroes on Greek vases and in bas-relief. The quadriga was adopted in ancient Roman chariot racing. Quadrigas were emblems of triumph; Victory and Fame often are depicted as the triumphant woman driving it. In classical mythology, the quadriga is the chariot of the gods; Apollo was depicted driving his quadriga across the heavens, delivering daylight and dispersing the night.

http://www.zerohedge.com/news/2015-07-27/goodbye-troika-germany-rides-its-greek-colony-quadriga

in your face asset stripping. exchanging worthless fake money created out of debt that cannot ever be repaid for anything and everything that once sovereign nation possesses.

Pam

6th August 2015, 16:06

Michelle Marie

6th August 2015, 17:08

Eventually people will master their energy and stop participating in the game: no play; no pay. Furthermore, placing attention on what DOES work. A new focus on needs met directly from resources without the money medium.

If energy follows attention, then remove it and the outdated will cease to exist.

I envision the focus on positive solutions will overcome the past and mental enslavement and all that follows. First we understand the concept, then put it into practice. I'm working to prove this.

I will say, though, that discussion is valuable; it leads us to awareness. By putting the awareness in the peripheral vision and moving towards the solution, we can eventually eliminate the old paradigm of attempted control.

We are free in our minds, if we choose to be. I'm enjoying the learning process, but have much compassion for the deceived masses.

Thank you all for sharing awareness...a huge solution in and of itself.

Love to all,
Michelle Marie

lunaflare

6th August 2015, 20:42

Eventually people will master their energy and stop participating in the game: no play; no pay.

Yes, it is a process this awakening of our dependence upon a system (that entraps). And with awareness comes change,..
The system of "Money" does keep our heads down. No different to the game of, Monopoly, where we look down all focused upon a small square board, rolling dice and shuffling plastic objects back and forth.
Money is a symbol (synthetic at that) of our enslavement. But it is a game and we can change the rules..

idiit

12th August 2015, 16:14

All Hail Our Banking Overlords!

Posted on August 12, 2015 by The Doc

In another development, the European Central Bank (ECB) agreed to increase emergency funding to Greece for the first time since it was frozen in June.

The decisions were made after Greek MPs passed tough reforms as part of a eurozone bailout deal.

No, not at all. Here’s what the entirety of the “”loan”” will go towards instead:

The bridging loan means Greece will be able to repay debts to the ECB and IMF on Monday.

Ummmm…that “money” will not ever go anywhere near Greece

This is all merely electronic window-dressing for entirely esoteric bookkeeping purposes. Servers will blink at one location in Europe as digital 1s and 0s are transmitted to another. The electronic balances at the ECB and the IMF will change, but not much else.

The people of Greece will see none of it. Nor will they see their bank accounts unfrozen.
emphasis mine

http://www.silverdoctors.com/all-hail-our-banking-overlords/#more-56557

Meggings

18th August 2015, 15:15

This is making the rounds of facebook:

"Goldman Sachs earned up to 450 million Euros from the crisis, but this is not surprising behaviour from Goldman Sachs -- it’s a world leader in disaster capitalism, with a long history of profiteering from human misery. It inflates bubbles only to profit when they burst. It sells toxic assets and then bets they will crash. From food speculation to global tax evasion, the bank is a symbol of everything that is wrong with capitalism.

“The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity,” Rolling Stone journalist Matt Taibbi famously wrote, “relentlessly jamming its blood funnel into anything that smells like money.”

"While Goldman sucks us dry, our schools and hospitals are crumbling, and suicide rates are skyrocketing. 450 million Euros won’t solve all of Greece’s problems, but it will help -- and it will go some way to correcting the injustice that allows those who caused the financial crisis to get away scot-free while ordinary people are left to suffer the consequences.

"I ask you to stand with the people of Greece and get Goldman Sachs to take responsibility for the Greek crisis."

It came to me from a friend in Japan. It accompanies a request that we sign a petition https://community.sumofus.org/petitions/goldman-made-450-million-euros-from-crashing-the-greek-economy-it-should-return-the-profits?bucket&source=facebook-share-button&time=1439846882

And here, reported on "The Good News Network", is this:

"People in the Basque town of Galdakao, Spain, put their leftovers in the fridge — not just the ones in their homes, but the one on the street, too.
The city of about 30,000 created the country’s first communal refrigerator to help the hungry.

"Alvaro Saiz, who used to run a food bank in Galdakao, came up with the idea for the “Solidarity Fridge” during the recession when he saw people going through trash bins looking for food. He figured there had to be a better way for restaurants and even individuals to give away unused food."

http://www.goodnewsnetwork.org/town-installs-outdoor-refrigerator-so-locals-can-feed-the-hungry-in-spain/

It seems that little step by little step we move towards what is better.

Hervé

27th November 2018, 12:51

Thomas Edison Exposed Central Banking Scam in 1921 (https://www.henrymakow.com/2018/11/thomas-edison-exposed-central-banking.html)

Henry Makow November 27, 2018
(Thanks to Tony Blizzard)

https://www.henrymakow.com/upload_images/thomas-edison-300w.jpg

In a New York Times interview Dec. 6, 1921, (https://www.nytimes.com/1921/12/06/archives/ford-sees-wealth-in-muscle-shoals-says-development-will-bring-great.html) Thomas Edison advocated financing the proposed Muscles Shoals Dam (https://en.wikipedia.org/wiki/Wilson_Dam) by issuing currency instead of debt (bonds.) They are identical promises to pay, but currency does not incur debtor interest. Thus Edison exposed the whole central banking fraud which holds humanity in bondage.

Politicians, corporations, professors all shill for the central banking cartel which produces the medium of exchange (currency, credit) as a debt to itself. (Governments are perfectly capable of doing this debt-and-interest-free.) The bankers must enslave humanity in a world police state (globalism) in order to protect this racket.

"On the point of Mr. [Henry] Ford's suggestion to the Government for financing the completion of the dam, Mr. Edison reiterated his belief ... that it was a good plan and that if only the currency method is tried in raising money for public improvements, the country will never go back to the bond method.

Now, as to paper money, so-called, everyone knows that paper money is the money of civilized people. The higher you go in civilization the less actual money you see. It is all bills and checks. What are bills and checks? Mere promises and orders. What are they based on? Principally on two sources - human energy and the productive earth. Humanity and the soil - they are the only real basis of money.

"... There is just one rule for money, and that is, to have enough to carry all the legitimate trade that is waiting to move. Too little or too much are both bad. But enough to move trade, enough to prevent stagnation on the one hand and not enough to permit speculation on the other hand, is the proper ratio.

"Then you see no difference between currency and Government bonds?" Mr Edison was asked.

"Yes, there is a difference but it is neither the likeness nor the difference that will determine the matter; the attack will be directed against thinking of bonds and currency together and comparing them. If people ever get to thinking of bonds and bills at the same time, the game is up.

https://www.henrymakow.com/upload_images/dam-bridge-lock-on-far.jpg

"Now, here is [Henry] Ford proposing to finance Muscle Shoals by an issue of currency. Very well, let us suppose for a moment that Congress follows his proposal. Personally, I don't think Congress has imagination enough to do it, but let us suppose that it does. The required sum is authorized - say $30,000,000. The bills are issued directly by the Government, as all money ought to be. When the workmen are paid off they receive these United States bills. When the material is bought it is paid in these United States bills. Except that perhaps the bills may have an engraving of a water dam, instead of a railroad train and ship, as some of the Federal Reserve notes have. They will be the same as any other currency put out by the Government: that is, they will be money. They will be based on public wealth already in Muscle Shoals, and their circulation will increase that public wealth, not only the public money but also the public wealth - real wealth.

"When these bills have answered the purpose of building and completing Muscle Shoals, they will be retired by the earnings of the power dam. That is, the people of the United States will have all that they put into Muscle Shoals and all that they take out for centuries - the endless wealth-making water power of that great Tennessee River - with no tax and no increase of the national debt." [Emphasis added - Tony B.]

"But suppose Congress does not see this, what then?" Mr. Edison was asked.

"Well, Congress must fall back on the old way of doing business. It must authorize an issue of bonds. That is, it must go out to the money brokers and borrow enough of our own national currency to complete great national resources, and we then must pay interest to the money brokers for the use of our own money.

Old Way Adds to Public Debt
"That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

"Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest. People who will not turn a shovel full of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

https://www.henrymakow.com/upload_images/ed-2.jpeg

"But here is the point: if our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good, also. The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent., whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way.

"If the Government issues bonds, it simply induces the money brokers to draw $30,000,000 out of the other channels of trade and turn it into Muscle Shoals; if the Government issues currency, it provides itself with enough money to increase the national wealth at Muscle Shoals without disturbing the business of the rest of the country. And in doing this it increases its income without adding a penny to its debt.

"It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then bonds issued would be no good either. It is a terrible situation when the Government, to increase the nation's wealth must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold.

"Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt-edged paper. Why? Because the Government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people's credit in the form of interest-bearing bonds?"

https://www.henrymakow.com/upload_images/ford-edison-currency-173x300.jpg

Says People Must Pay Anyway

The people must pay anyway; why should they be compelled to pay twice, as the bond system compels them to pay? The people of the United States always accept their Government's currency. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector - for the whole national debt is made up of interest charges - then you will see an era of progress and prosperity in this country such as never could have come otherwise."

"Are you going to have anything to do with outlining this proposed policy?" Mr. Edison was asked.

"I am just expressing my opinion as a citizen," he replied. "Ford's idea is flawless. They won't like it. They will fight it, but the people of this country ought to take it up and think about it. I believe it points the way to many reforms and achievements which can not come under the old system."

(Thanks to Tony Blizzard)

Related:
Accept Servitude, says Banker (https://www.henrymakow.com/001544.html)

Banking System is Key to Understanding Our Servitude (https://www.henrymakow.com/2018/07/banking-system-servitude.html)

----------------------------------------------

First Comment from Stephen Coleman:
Great article. The First National Bank of the United States set up by Hamilton was such a bank that issued credit for the building of infrastructure, agriculture, mining and manufactures. This bank flew in the face of our British imperial enemies. The bank had later been corrupted and taken over by the central bankers that were tied to the City of London's imperial banking system.

Lincoln revived the system and took a hopelessly bankrupt nation and in 5 years transformed the US into the world's leading economy while simultaneously fighting it's bloodiest war and a financial war against the City of London. London fixed the price of gold against the value of the Greenback in Europe, effectively making importing to the US prohibitively expensive, if not impossible.

Under such a credit system speculation is illegal and will get it's practitioners stiff prison time.

Kennedy began to issue silver certificate currency under the same idea, but the powers behind the scenes had him assassinated for this and for his opposition to the war in Vietnam.

The most ironic situation today is that China has adopted a system based upon Hamilton's First National Bank. China today has brought over 800 Million people out of dire poverty in the last 40 years. China is building great infrastructure projects throughout south Asia, southeast Asia, Africa and South America. They are offering much lower interest than the western banks, plus they are overseeing the projects to keep control of corruption that is so rampant in the 3rd world. What China is doing is historically unprecedented.

China in a few more decades will be the world's leading economy. All of Trump's efforts are misguided and doomed to fail unless he takes down the FED and replaces it with a similar institution, joining with China and Russia to once and for all eliminate poverty and war.

Russia is heading in the same direction with Sergei Glazyev, minister of the economy fighting for a national bank for over several decades. China and Russia are too big to bomb back to the dark ages as the US did to Iraq and Libya.

This is the main reason for the West's sabre rattling against China and Russia. Such a banking system is a direct threat against the survival of the Wall Street/ City of London world economic dictatorship. And such a system doesn't deserve to survive and it's leaders need to be hung as war criminals and enemies of the people of this entire planet.

ThePythonicCow

27th November 2018, 22:57

but currency does not incur debtor interest
The interest is not the whole story.

The interest is but one of the means of ratcheting up the proportion of debt to equity.

The kicker comes when the debt so vastly exceeds the equity that there is no longer any hope of the debt being repaid in equitable value.

Then do we have a debt jubilee, an economic collapse, debt defaults, hyper-inflation, or ... the norm these days in any of these events ... the repossession of the collateral by the lenders, that being the favored means by which the 0.01% of us end up owning the planet and its material wealth that the other 99.99% of us built, use, and live upon?

Interest, like the toxins in our food, water and vaccines, are but the instrument that weakens us. It's the subsequent bankruptcies of persons, corporations and nations that transfers the wealth of our communities, families and businesses to the control of the 0.01%, including the number one cause of personal bankruptcy -- medical expenses due to chronic illnesses brought on by said toxins.

Interest in and of itself, especially to those of us who have at sometime in our life made substantial profits from stocks, bonds and real estate appreciation, sometimes is a "good" thing, or seems that way at the time.

It's the terms of default that get us, as it is in the terms of divorce and revolution that the fortunes of families and nations are determined, or stolen.

Interest is but the primary tool used to ratchet up the leverage, in order to gain control over greater amounts of wealth, when the defaults, divorces and revolutions occur.

As with guns, knives and dynamite, also it is that ratchets, whether of the physical winch and rope sort, or of the monetary sort (aka interest), are inherently neither good or evil. It all depends on what is being done with them.

ThePythonicCow

27th November 2018, 23:06

This is the main reason for the West's sabre rattling against China and Russia. Such a banking system is a direct threat against the survival of the Wall Street/ City of London world economic dictatorship. And such a system doesn't deserve to survive and it's leaders need to be hung as war criminals and enemies of the people of this entire planet.
Unfortunately, at least in my crystal ball (which I bought used and cracked, for 25 cents, at a local garage sale), the banking system will survive just fine.

Rather we are just entering a period of dramatic collapse of the existing US Petro-Dollar based monetary system, with accompanying repossessions by the Banksters of another large chunk of our civilization's wealth, under the terms and conditions imposed by the laws, regulations, institutions, über wealthy families, secret agreements and secret societies, that continue to hold the upper hand in such affairs.

Satori

27th November 2018, 23:19

I respectfully disagree Paul. Usury, that is, interest, is the problem. Usury is not what we have been dumbed-down to believe is "excessive interest." Usury is by definition interest, any and all interest, on money. it is the so-called "Eleventh Marble" problem. Usury is the root cause of all that is wrong with money creation and lending. All else is striking at the branches and missing the root.

One must understand that when "money" is created and lent into existence, the interest on that money, which is required to be paid prior to full payment of the principal, is not created. In a central banking system, more money is owed to the lender than what exists in the money supply. Hence the "eleventh marble."

As to the Eleventh Marble problem, in the original theory there were 10 marbles of "money" and only one marble of "usury" That is, while there were only 10 marbles in existence, 11 marbles had to be returned. It is a zero sum game. There are always losers. Hence, bankruptcy laws and other laws re discharge and forgiveness, and the occasional jubilee.

I argue that today it is the inverse or reciprocal of what used to be. Now there is but one marble of "money" and ten marbles of usury. The usury cannot be paid back. It is impossible. That's the way they want it and that's when they start grabbing what they really want. Land, minerals, water.... and the other "security" for the debt.

The present central banking system is not sustainable and it causes more harm than imaginable. It is way past time for a jubilee.

ThePythonicCow

28th November 2018, 00:18

As to the Eleventh Marble problem, in the original theory there were 10 marbles of "money" and only one marble of "usury" That is, while there were only 10 marbles in existence, 11 marbles had to be returned. It is a zero sum game. There are always losers. Hence, bankruptcy laws and other laws re discharge and forgiveness, and the occasional jubilee.
Cash flows and balance sheets are not the same. An economic/monetary system can sustain interest payments in perpetuity, so long as those payments are but a modest portion of cash flows.

Interest is a tool of debt enslavement; but it is not essentially and necessarily enslaving. Interest does not enslave; but our slave masters often use interest bearing debt to enslave us.

Thus with guns, bombs and bullets, in another arena. Guns don't kill; but killers often use guns.

I argue that today it is the inverse or reciprocal of what used to be. Now there is but one marble of "money" and ten marbles of usury. The usury cannot be paid back. It is impossible. That's the way they want it and that's when they start grabbing what they really want. Land, minerals, water.... and the other "security" for the debt.
Yes - the debt has been sufficiently leveraged up, and interest is the key, but not exclusive, mechanism of such leverage, that massive defaults seem imminent.

The terms of the default are not in our best interest :).

The present central banking system is not sustainable and it causes more harm than imaginable. It is way past time for a jubilee.
Yes - however there will be not be a beneficial jubilee. There will be yet another ratcheting up of control over the labor and resources of this planet, by the über elite.

shaberon

30th November 2018, 01:59

[QU
Yes - however there will be not be a beneficial jubilee. There will be yet another ratcheting up of control over the labor and resources of this planet, by the über elite.

The more I look at the history of this whole thing, Jubilee seems to have been the established practice from India through Greece up into Europe, and was a major part of what would be called "Good Kings". It can still be found in the Bible and similarly was in one of the primitive concepts of the American flag.

I tend to believe there has to be a system of government with this as a part of it. I mean, it was relatively global, commonplace, standard definition of morality. Now pretty much erased and I'm sure if you mentioned it to the people it should apply to, they would look at you as being sheerly insane while saying it was an old world superstition that went out centuries ago. A government is the only thing that could possibly stop them.

onawah

2nd January 2020, 20:37

Who Creates Money?
Premiered Dec 31, 2019
Felix Rex

p8su85cg7yo

Reviewed by Alexandra Bruce, Forbidden Knowledge:
"In order to understand the bewildering events that we’re living to day, we need to understand how money is created and more importantly, who creates it, for they are the true rulers of the world, aka the Globalists.

Black Pigeon Speaks has created a new YouTube channel called Felix Rex, to hedge against any future de-platformings, having been de-platformed last year and just as inexplicably reinstated a few days later.

He does a great job of briefly outlining the history of our debt-based financial system, starting with Jews in Medieval Venice, Italy.

“Local rulers and church officials closed many professions to the Jews and thus, they began to specialize in money-lending and other practices that were forbidden to Christians by church law.

“Throughout this time, peasants and aristocrats, alike became indebted to Jewish moneylenders and this, without question helped lead to the sporadic attacks and expulsion of the Jews in countries across the continent for centuries. To be clear, Jews weren’t allowed into banking or into money lending; they created it out of necessity and in doing so, were the progenitors of a system that still exists today…

“It didn’t take long for these moneylenders to realize that they could simply start creating money out of absolutely nothing. They began to issue credit notes with nothing backing them and putting them into circulation as interest bearing debts. Through experience, they rationalized that no more than 10% of their depositors would withdraw their assets at any one given time. Thus, they could safely issue notes up to ten times more than the gold and silver they had on deposit and voila modern fractional banking was born.

“They created money out of nothing at all, put it into circulation via interest-bearing debt that has to be repaid by a labor or goods and services produced. In time, bankers in Europe became unbelievably wealthy and in many cases, took on the role as shadow rulers of nations.

“The establishment of the Bank of England, the model on which most modern central banks have been based was devised by Charles Montagu, 1st Earl of Halifax in 1694, following a proposal by the banker Sir William Paterson, a Scotsman three years earlier.

“At the time, the Crown was essentially broke and had recently suffered a decisive defeat and money was desperately needed to finance the ongoing war with the French.

“In return for the needed money, a private group of financiers led by Montagu proposed that the subscribers were to be incorporated as the Governor and Company of the Bank of England, with long term banking privileges, including the issue of notes.

“Shop was set up in the semi-autonomous City of London and the authority to create money out of nothing at a national level and then lent at interest was handed over to a small group of private financiers that called themselves ‘The Bank of England’

“In modern times, banking has become extremely sophisticated but the underlying mechanisms remain the same: while the Bank of England was, in theory nationalized in 1946, the Bank still lends to the government – a government that supposedly controls the Bank of England – and it lends to the government – at interest (!)

“An interesting anecdote is that as recently as 2015, the government of the United Kingdom has finally finished paying the interest on debt accrued during the First World War, the Crimean War – and, wait for it – the Napoleonic Wars!

“Most people don’t realize that service payments on interest of government debt created by central banks out of nothing eats up an enormous percent of tax revenues. Consider the massive increase in interest costs on the national debt projected over the next decade in the US: the Congressional Budget Office estimates that interest payments on the national debt will more than triple before the end of the 2020s.

“In 2015, the US government spent $223 billion in tax dollars just to service the national debt, none of that going to the principal. In 2019, it has been projected by the government that American taxpayers will have to shoulder a total of $593.1 billion in interest for the fiscal year. Numbers have not officially been tabulated yet but this is their estimate for 2019.

“That’s almost $600 billion that can’t be used to educate or replace badly worn-out infrastructure, it can’t be used to alleviate poverty or anything else. It’s being used to service the interest on the national debt and this is where a massive percent of the tax money that you pay to the government goes and you should understand this.

“You should also understand that most of the debt-backed money that is created by private banks through the same system of fractional reserve banking that goes all the way back to the Middle Ages – well, the money created out of nothing and then lent at interest is literally the biggest global scam never talked about!

“Moreover, private banks are still able to privatize profits and socialize losses through taxpayer-funded subsidies and bailouts, the most obscene of recent times being the fallout from the 2008 Financial Crisis.”

The cashless society currently being rolled out in Sweden and other European countries represents the next phase of total control by the Globalist central bankers, since digital money is synonymous with total surveillance.

“It’s not the government that gains from all of this but those that rule and fund the politicians that warm the seats of congress’s and Parliament’s around the world: the international banking cartels [the Globalists] and they have won time and time and time again, over the centuries because of their ill-gotten wealth and backdoor dealings that have stayed in the shadows.”

What we also learned from the SGT Report’s interview with Mark Anthony Taylor is that the Mossad has been instrumental in advancing the agenda of the Globalist central bankers. Similarly to the CIA and British Intelligence, they appear to be more concerned with protecting the central bankers than in the national security of their purported countries.

Taylor suggests that all of the CEOs of the major banks that participate in the central banking system are groomed, blackmailed and controlled by the Mossad – and Jeffrey Epstein was a key player in this vast compromise operation.

As Taylor says, “Once all of the banking executives are essentially Mossad puppets, then that means anything the banks finance, which is insurance companies and film projects, pension schemes – anything sponsored by a big business – is basically under Mossad’s thumb.”

Taylor says that even the UK’s entry into the EU was orchestrated by means of sexual blackmail.

“People like Ted Heath were blackmailed to take us into the EU. [Edward Heath was named by his own offspring as being involved in the deaths of as many as 16 children] and Lord Peter Mandelson, who was the EU Commissioner [and who was pictured with Jeffrey Epstein and is friends with Prince Andrew], went from near bankruptcy, then after ten years as EU commissioner had £100 million in the bank.”

According to Joan Coleman’s RAINS list (Ritual Abuse Information Network & Support), Peter Mandelson is alleged to have killed a rent boy named Kevin, chopped him into pieces and dumped into the sea. The RAINS list also described the crimes of Ted Heath years before they were exposed in the mainstream media.

The central bankers have a monopoly on the issue of cash, on the control of politicians, on the control of large corporations, on the control of everything of consequence.

Everything they promote, from socialism, to migrant crises, to transgenderism and wars is to destabilize organic systems and to further their control of the world."

https://forbiddenknowledgetv.net/who-creates-money/?utm_source=newsletter&utm_medium=email&utm_campaign=Who+Creates+Money%3F

ThePythonicCow

11th December 2023, 10:03

Here's a fine animated two part documentary explaining "Money as Debt":

Documentary: Money As Debt (Rumble) (https://rumble.com/v40mquu-documentary-money-as-debt.html)
Documentary: Money As Debt II 'Promises Unleashed' (Rumble) (https://rumble.com/v40mrc1-documentary-money-as-debt-ii-promises-unleashed.html)

My biggest concern, in these troubled times we're living in, has been that the debt-money system will remain in place. Kicking some politicians out of office, sending some to prison for the most heinous of crimes, bankrupting some corporations, and awakening the populace to the lies and crimes of the "powerful", will all scarce be enough, if debt-money banking is not demolished.

ThePythonicCow

11th December 2023, 11:06

The above "Money as Debt" is a 2006 animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practised through modern banking. The film presents Grignon's view of the process of money creation by banks and its historical background, and warns of his belief in its subsequent unsustainability.

-- Money as Debt -- Wikipedia (https://en.wikipedia.org/wiki/Money_as_Debt)