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  • War for wolrd financial control

    Most people are aware of the interview with General Wesley Clark. He was told by the Washington brass that America was going to go to war with Iraq, Iran, Sudan, Lybia, Syria, Lebanon, Afghanistan and Somalia. He asked why. The reply from the brass was that they didn't know. Sec. Defense originated the idea.
    The Syrian War What You're Not Being Told - YouTube

    American planners originated the document, "Plan for a new American century". PNAC envisioned a one-world system with America firmly in charge.

    Post-WW II europe was so revolted by atomic warfare that it held on to peace long enough to integrate all the various economies. That, combined with birth-control took away the usual justifications for war.
    If Europe was stabilizing, that meant that America had a formidable competitor.
    The anglo-american bankers had a solution that would keep America in charge. Trade had become so integrated that most countries could not survive without world trade. The bankers worked to control world trade. That way, they could control any country to get whatever they wanted.

    The Bank for International Settlements was formed to disburse war reparations from Germany. The International Monetary Fund was formed to rescue (rape) countries that had spent themselves into a hole. Next came the World Bank to do various currency interventions and general economic mayhem. Another very important entity was the World Trade Organization.

    The communists and the bankers wanted economic control to be centralized for the whole world. Various countries signed on to various organizations for various reasons. Once they had signed on, they had to surrender certain amounts of sovereign control. They signed up for various agreements like the General Agreement on Taxes and Tariffs. GATT.

    If they did not toe the line, they found it hard to export or to get credit or other problems, Think Cuba. Once a country was a member of the BIS, they found that they had limited control over their Central Bank. All these legal and economic influences resulted in the FED becoming VERY powerful. Both the WTO and the World Bank became extremely powerful. America has a great deal of influence in these organizations plus the IMF.

    Energy is the keystone to modern economies. Currency is the keystone to centralized monetary control. With the recent discovery of HUGE amounts of gas and oil worldwide, the OPEC cartel is losing power.
    The last bastion of American economic power over the world is the FED. That combined with American military power is what American leaders are trying to use to maintain control.

    General Wesley Clark named the countries that are outside the control of the BIS, IMF World Bank WTO. American planners started working on their list many years ago. These countries are extremely inportant for their strategic and mineral resources. Some of these countries comitted the mortal sin of selling oil in other-than-dollars. America could not maintain the dollar as the reserve currency if anybody sold oil in other currencies.

    Every country had to be bombed back to the stone age so that nobody else would even think of selling oil for anything but dollars. Each overthrown leader had to be publicly humiliated before he was executed.
    Iran is the biggest offender in the Middle-East. Unmentioned by General Clark was the understanding that only Russia could protect Central Asian oil from the Bankers.

    Syria, Lebanon and Iran know very well that they are on the "hit list". Russia can be under NO illusions what the plan for them is. Central Asian oil under bankster control will cripple China forever.
    The Syrian theater is the current focal point of an attempt by Anglo-American bankers to lock up control of Asian oil.

    Russia has a weakening economy and a falling population. If they lose European markets and Iran, they will never recover. Like Iran, they might as well make a stand here and now.

    America has started wars with complete impunity. They lost all of them except Grenada. No problem, they kept the war industries rich. This has given America planners a certain attitude; We just print more dollars and have more wars. The "home cost" has been deferred but, for how long?

    Power corrupts and America is POWERFUL. Obviously, American leaders are corrupt. The world is turning against us. Our leaders
    he US Government Stands Revealed to the World as a Collection of War Criminals and Liars
    Well they should. Every mad dog should be put down.

    Comment


    • war for bankers, oil and control

      I needed a second post to break up the narrative.
      Mish believes that world resistance will keep us from going to war in Syria.
      Mish's Global Economic Trend Analysis: End of U.S. Imperium—Finally!? Obama About to Suffer Glorious Defeat in Congress?

      Representing the bankers and war-mongers is AIPAC.
      Whatever AIPAC wants, AIPAC gets and it wants Obama to attack Syria | Intrepid Report.com
      Not all the pressures are obvious. I've posted plenty of info on sovereign debt. MUCH of that is held by banks. The bankers have undoubtedly promised to crash sovereign bonds if they don't get the wars that they demand. Logically, they would have promised not to forclose on sovereign debt if we attack. Looking at the bigger picture, that promise would only be a temporary repreive. We will crash anyway.
      Everyone is worried becasue the FED holds about $ 3 trillion in debt. The GSEs hold about $ 7 trillion. Freddy, Fanny, Sally and the FHA.

      America has about $ 212 trillion in unfunded liabilities.
      All these aren't debts due today. BUT, they are coming due day-by-day.
      10,000 new people sign up for social security every day. That costs a lot of money. If GOV can't kill them all with chemtrails, it is going to go broke.
      Ted Gunderson Blasts FBI and Asks Chemtrail Pilots to Come Forward - YouTube

      Comment


      • Bankers vs the East

        Day by day, it appears that Syria is a critical focal point. China, America, Russia and Iran all have warships close by. The West is close to collapse. Reportedly, this is a make-or-break event for the illuminati.
        Illuminati Showdown in Middle East | LEFT HOOK by Dean Henderson
        While China may not be able to go head-to-head with the U.S. military, the can easily make economic attacks.
        China’s U.S. Debt Holdings Aren’t Threat, Pentagon Says - Bloomberg
        Foreigners are dumping U.S. debt;
        http://www.gregautry.us/wp-content/uploads/chart1s.jpg

        The FED now holds 39.3 % of treasury debt. Nobody else will buy it. China has resisted foreign control of it's banks. They don't generally seem to be under illuminati control. If China feels that they have a great deal to lose IF Russia and Iran go under, they may make an attack on the bond market at a judicious time. An attack on the bond markets would throw enormous volatility into the commodities market. That would freeze up the American economy. There would be NO recovery.
        The rest of the world would make sure of that. They are very tired of dealing with criminals.

        Employment is crashing. Electricity use is dropping. The banks are willing to destroy anything and everything to keep power. This eventually guarantees a collapse because the vital parts of the economy are dying.
        http://www.marketoracle.co.uk/Article42148.html

        Green power is a bust. The Germans paid $ 26 billion for 3$ billion worth of electricity.
        Brussels fears European 'Industrial Massacre' Sparked by Energy Costs - Energy TribuneEnergy Tribune
        The West continues to make decisions that render it non-competitive.

        Comment


        • A store of value and a reference point

          A fiat currency is a currency that has no intrinsic value and that you are forced to use by law. A few thousand years ago, the Greeks declared that nothing would work for money if it weren't a store of value. Since that time, hundreds of fiat currencies have come and gone. They last 30--40 years on average. Their crash always brings starvation and war. The Bretton Woods agreement was an attempt to end this cycle.

          Keynes declared in 1942 that NO sovereign currency could serve as the reserve currency because the originator of that currency would always print to it's own advantage. The dollar was tied particularly to gold to forestall the advantage of the printing press. The gold supply rises by about 2.5% every year. That gives stability to economic growth. It DOES NOT give great advantage to the bankers.
          The rise of the welfare-warfare state broke the link to gold. It broke the link to stability. Gold is only consumed in very small quantity. THAT brought stability. With the gold link severed, America managed to cobble together the petro-dollar.
          OIL IS CONSUMED. The cost of extraction is rising. Where the gold standard brought stability related to the stability of the stock of gold, the petro standard brought volatility.
          Volatility kills profit. That, in turn, kills commerce.
          The world is gung-ho on productivity. Productivity is only for the sake of consumption. Consumption is falling fast and productivity is following.
          Commerce is dying for lack of stability. Gold may be a "barbaric relic' but, it served very well at bringing stability.
          The stock market only reflects th pumped in money. It doesn't reflect the general economy. Even with this, the S&P 500 is falling off drastically.
          S&P 500 trading volume lightest in 15 years - The Tell - MarketWatch

          Repost; http://www.marketoracle.co.uk/Article42148.html
          "Many are the rumored stories of a group of Gold-backed new currencies to arrive soon, like with the Chinese Yuan, like with the new USTreasury Dollar, like with the new Nordic Euro. My gut tells me that United States will be the last to participate, and the first to fall into the Third World. The next chapter will be all about Gold-backed currency and a return to the Gold Standard. Any analyst, any counselor, any economic planner with integrity knows that the Gold Standard is the missing solution since 2008 when the global financial crisis struck. The hammer will come through the Gold Trade Standard, and not from banks or the FOREX currency market."

          The economy is fighting to survive and thrive. It is fighting directly against the bankers. The bankers want war and Capitalism hates waste. Eventually, we will return to the stability of the gold standard.

          Comment


          • Syrian war, bankers and people

            There is no denying that war is the ultimate economic pressure. Day by day, fewer and fewer people want to see it happen. The list is down to bankers and those who they can influence. The reasons are very simple. Bankers produce nothing and the demands of efficiency would see them reduced to just about nothing.

            Syria;
            " no Rothschild-controlled Central Bank, no IMF debt, no genetically modified foods, oil and pipelines, anti-secret societies, anti-Zionism, secularism and nationalism. "
            "Syria’s Central Bank is state-owned & controlled – In other words, it manages its national currency so that it serves the Syrian people and not the Rothschild-controlled global bankers operating from their New York, London, Frankfurt, Tel Aviv, Basel and Paris hideouts.

            This means that the volume of currency it issues is in proper sync with the true needs of real economy of work, labor, production and all that is useful to Syria’s people, instead of being in sync with parasitic, usurious, speculative foreign financiers."
            Why the US, UK, EU & Israel hate Syria — RT Op-Edge

            Bibi Netanyahu is rabid for war also. Israelis are NOT rabid for war..
            not current Haaretz; "Don't save Netanyahu, topple him"
            Don't save Netanyahu, topple him - Opinion Israel News Broadcast | Haaretz
            "This time, it's clear who gave the order, an order that is patently illegal, an order that must not be obeyed - not this summer, and not in Israel. "
            Netanyahu's conspiracy to drag the U.S. to war Israel News Broadcast | Haaretz

            There are a few other nut cases also;
            "National Security Advisor Uzi Arad - the man who once gave Haaretz the most extremist interview ever on the nuclear issue, in which he spoke of the sexual pleasure derived from war games involving tens of millions of casualties"
            Syria's offer to place their gas stockpiles under international control should adequately defuse the situation. It remains to be seen what other provocation will be produced by the bankers to get their wars back on track.

            Comment


            • Gold everywhere

              The transfer of gold from West to East is picking up speed. In the first 6 mo. of this year (182 days), China produced about 200 tons of gold. Their reported imports are 807 tons. "A tally of the above exports shows that a staggering 807 tonnes of gold has been imported into Hong Kong in the first 6 months of this year"
              http://www.24hgold.com/english/contr...08494726G10020
              They accumulated 1,000 tons in 182 days.
              A good reading of history proves that NO sovereign currency can serve as the reserve currency. The same thorough reading will show that a modern economy can not tolerate volatility. Therefore, oil can not serve as the basis of a reserve currency. Like it or not, that leaves gold. It is the only thing that is so useless that an enormous spike in price won't hurt the economy.

              There seem to be quite a few people who really LIKE gold.
              "And then, there was the gold: $166,770,000,000
              worth of gold bullion that went missing from
              where it was being stored in the basement of
              the WTC complex, with only $230 million of it
              recovered, all of that having been stored in
              Building 4 and found in an abandoned truck,
              accompanied by an escort of several abandoned
              cars, which was found in a delivery ramp
              under Building 5 apparently"
              $ 166.7 billion went missing and $ 230 million was recovered.

              China is sucking up every gram that they can find but, the price is falling. That can't go on forever.

              Comment


              • The money multiplier

                I have a much more complete article on the money multiplier in a book that I recently bought but, I'll just put a short mention of it now.
                GOV and GOV supported economists claim that when GOV prints currency and spends it into the economy, the money is turned over and over and this multiplies the effect. GOV claims that every newly printed dollar is multiplied by 1.4
                Long term research proves that the actual number is actually close to .44 . This is dependent on many factors. In general, when GOV over-prints, it is a NEGATIVE effect on the economy.

                Total debt-toGDP of the G7
                "In other words, over the past five years in the developed world, it took $18 dollars of debt (of which 28% was provided by central banks) to generate $1 of growth. For all talk of "deleveraging" G7 consolidated debt has been at a record high 440% for the past four years."
                Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP; Total G7 Debt/GDP: 440% | Zero Hedge

                Most of this newly-created debt is interest bearing. This is all related to the Marginal utility of debt If $ 18 of spending only creates $1 of growth, the marginal utility of the new debt is FAR below 1.4.
                As interest rates rise, the debt-service-cost, outruns the growth.
                http://www.sutton-associates.net/ima...t_04232010.jpg

                America is debt-saturated and nobody wants the new money. It sits in the banks. "Three quarters of the money “printed” never make it into the economy. "
                "Problem: this marginal utility of debt has trended lower and lower over the years, and actually reached zero in 2009.

                Meaning: you can add as much debt as you want, and it still won’t give you any additional GDP.

                To repeat: no amount of additional debt seems to be able to get economic growth going again.

                That is a dramatic revelation. We might have reached the maximum debt-bearing capability of the economy"

                Guest Post: Analyze This - The Fed Is Not Printing Enough Money! | Zero Hedge
                Here is a list of 10 things that could possible cause problems.
                Ten potential GLOBAL STORMS to look out for - The Nation

                Comment


                • Debt, interest and default

                  No debt currency has ever survived,,, not one. With debt currency and debt bonds, no debt is ever extinguished. It is just passed around until it explodes. The BOE originates just 3% of Great Britain's money. The rest is originated as debt from banks.
                  "We need money for everything we do, but the only way we can get it in the first place is to borrow it from the banks. That’s why the government wants to get banks lending again — to get them to create even more money. But the whole problem is there’s too much debt. So how can the answer be for us to borrow even more? As long as banks create money by lending it to us, we’ll always be in debt!"
                  SPDR Gold Trust ETF (NYSEARCA:GLD), iShares Silver Trust ETF (NYSEARCA:SLV): Our Debt Based Monetary System Could Be Reaching Its Natural Limits | ETF DAILY NEWS

                  When debt is first created, it has a profound effect. BUT, compound interest is INFINITE in a debt-based currency. Since debt is never extinguished, interest never stops. Here is a good illustration of the marginal utility of debt for the last 70 years.
                  http://goldsilverworlds.com/wp-conte..._1950_2012.gif
                  From this page;
                  SPDR Gold Trust ETF (NYSEARCA:GLD), iShares Silver Trust ETF (NYSEARCA:SLV): Our Debt Based Monetary System Could Be Reaching Its Natural Limits | ETF DAILY NEWS - Part 2

                  There are 100 million Americans not in the labor system. Do you think that the economy is expanding/growing?

                  "Capitalism works as long as it is expanding. Why? That is why the focus is on GROWTH. Because time itself has become valuable, and everything has become monetized and tied to a loan. The longer that loan is outstanding, the more interest has to be paid on that loan which compounds CONSTANTLY. The reason why economies have to expand is because the aggregate amount of debt is constantly expanding. So to pay off that constantly compounding aggregate amount of debt, credit has to go into the system hoping that it will induce enough new economic activity and profits to pay off the constantly compounding aggregate debt that is constantly growing larger. As long as it does everyone is happy. Everything has its day; every system has its limitations. The fact that we are reaching these limitations now in 2014 does not mean that you will get through it like the in 2009, 1999, or 1984. All those crises were followed by recoveries because the bankers’ Ponzi scheme was able to get enough aggregate debt back in the game and give it another jolt of juice. That is why interest rates are now down to zero percent"

                  Capitalism is not at fault here,,, only interest.
                  The lefties tell us that capitalism is a failed system. Think again. The banking parasites have buried us in debt and interest. They inflated the money supply endlessly (so far) and caused price inflation.
                  http://www.zerohedge.com/sites/defau...0centuries.jpg

                  The FED was supposed to bring stability but, we had a crash after just 7 years. The CB did not interfere and we recovered quickly. 9 years later, we had another crash 1929. GOV and the FED did all their magic and the crash lasted an extra 10 years.

                  Productivity has slowed way down and Bernanke has driven down interest rates so that the interest burden wouldn't outrun productivity be such a huge margin. If you look at the graph;
                  http://goldsilverworlds.com/wp-conte..._1950_2012.gif
                  You see that each new plateau was about 1/3 the previous plateau. This makes a static interest burden 3 times more difficult to service. Compound interest is more difficult.

                  GOV normally resorts to printing to service the debt. Student-loan debt is about $ 1.2 T. Mortgage debt is under $1T. Credit card debt is under $1 T.
                  This time, it IS different. Banking got too crowded and there was no money to be made. In an effort to keep a huge cadre of banks in the money, derivatives were invented to generate fees.
                  There is somewhere between $ 750T and $ 1.2 quadrillion "worth" of derivatives.
                  Presumable, GOV could print away the underlying debt. It can't print away the derivatives written on that debt. The FED is only printing $ 1 Trillion a year, Our debt far surpasses our gdp so, I expect defaults to grow.
                  http://www.zerohedge.com/sites/defau...20to%20GDP.jpg

                  It is an insane world that isn't going to be saved by technological innovation,,, not in the short run.
                  Trying To Stay Sane In An Insane World - At World's End | The Burning Platform | Safehaven.com

                  Comment


                  • Europen debt crash and Germany

                    Europe has a distinctly socialist mindset. This might work out if interest-drains didn't take so much money. But, they do. The various states borrow tons of money to buy votes/maintain the safety net. The interest on those loans is dragging down everybody.
                    (the interest burden), " is not enough to reverse a compound interest trap across Club Med as debt loads rise faster than nominal GDP,"
                    "Mr Tilford says the elephant in the room is the rise in the debts of Portugal and Spain by 15 percentage points (pp) of GDP over the past year, by 18pp in Ireland and by 24pp in Greece"

                    There is no possibility of turning this around.
                    Triple shocks threaten Europe's sickly and deformed recovery - Telegraph
                    "The debt spiral cannot be checked until Euroland embarks on full-blown reflation, yet EMU creditors shun such a course"
                    Translation; They have to print without limit
                    While a safety net is a "good" idea, SOMEBODY has to be productive.
                    "The ratio of workers to those receiving benefits has already fallen to 1:7 in Aragon. "

                    The European Central bank has a charter tied to the to the treaties that formed the Eurozone. The ECB has repeatedly broken these agreements that limit how much money it can create. Germany is at the point of refusing to go along. Merkel is a full-blown socialist who went to Karl Marx university.
                    She is up for re-election. Should she win, she will be on a collision course with the German central bank.
                    "If the ECB carries on with bond purchases regardless, the court can and should then prohibit the Bundesbank from taking part. "
                    Also, the German court said that they will stop any efforts to undermine German sovereignty.
                    Germany set NO time limit for Germans to trade in their Deutchmarks for Euros. There are about 16.1 million Deutchmark notes circulating. They will be the first northern country to exit the Euro currency.

                    Comment


                    • Corrupted by power

                      As I mentioned, debt-service has far outrun gdp growth. Nigel Farage brought all this up to the EU body. The Austrian representative of the socialist party told him in rebuttal to stop with the gloom-and-doom and just think happy thoughts.
                      Nigel Farage destroys Barroso's State of the Union - YouTube
                      EU president, Von Rompuy has told his economists not to offer any bad news;
                      EU president Herman Van Rompuy muzzles auditors and tells them to tone down criticism | Mail Online

                      Ron Paul, Paul Craig Roberts. Nigel Farage and a few others stand out like green martians. Why? Why should honesty seem so OUT OF PLACE in our Government?
                      The N.Y. Times has a very interesting article on this subject.
                      http://opinionator.blogs.nytimes.com...ic-evil/?_r=2&
                      Power corrupts and power is self-serving. The focal point is control. Money is the means to accomplish control. GOV is just organized theft.
                      The State Attracts Sociopaths – LewRockwell.com

                      All the laws to limit corruption are eventually thrown out. The Pope annulled the Magna Carta after just 10 weeks. After evil John's death, the regent for Henry re-instated it. Over the years, only 3 of the original 37 articles remain.
                      Glass-Steagal lasted about 60 years. The FED was created in 1913. By 1920, the chairman of the FED, Benjamin Strong was selling U.S. bonds on the secondary market, completely against the FED charter.

                      The Kondratieff Cycle lasts about 70 years. No economy can survive with massive corruption. It all crashes over and over.
                      Here are a couple of vids in monetary progression.
                      BREAKING INEQUALITY - FULL DOCUMENTARY - YouTube

                      Four Horsemen - Feature Documentary - Official Version - YouTube
                      Here is a good explanation of Exeter's Pyramid.
                      Rationale For Owning Gold In The Coming Deflationary Bust | Gold Silver Worlds

                      Here are a lot of charts on gold. Keep in mind that GOV does not like gold. It started to spike in 1980. GOV panicked and raised the interest rate to about 15% to pull investment out of gold. It was simple. They can not do that now. The paper-gold ETFs were created to make it easy to trade gold and silver. Gold is very price-stable because the stock-to-flow is 64--1

                      After the ETFs were established, the gold was sold off. This increased the stock-to-flow ratio artificially and brought down the price of gold. The believed supply of gold went way up so, the price went down.
                      Chart 21 is fascinating. There is more value turned over every day in gold than is any other trading item.
                      Gold: These Charts Say It All! | munKNEE dot.com
                      Even if gold isn't obviously important to the average person, It is supremely important to finance. The banks are in worse shape now than when they crashed.
                      Nomi Prins: Tremendously Dangerous Time-Stay Away from Investing in Stock Market - YouTube
                      I don't suggest that you buy gold first. First thing to buy is food and camping gear.

                      Comment


                      • Looting the system

                        The Dodd-Frank bill made it impossible for banks to collect from taxpayers in the event of a failure. This applies just to derivatives. "The amendment to the Bankruptcy Reform Act of 2005 that created this favored status for repos and derivatives was pushed through by the banking lobby"
                        So, now the taxpayer is not on the hook for a collapse of derivatives. BUT, everybody who has money or investment in the bank will get cleaned out.

                        The banks were afraid that taxpayer money might not come through. Depositors and investors are a different story.
                        "T]he banks have created a financial Armageddon looting machine. Their Plan B is a mechanism to loot not just the more vulnerable banks in weaker nations, but those nations themselves. And the looting will not take months, not even days. It could happen in hours if not minutes."
                        The Financial Armageddon Looting Machine: Looming Mass Destruction from Derivatives | Global Research

                        The article points out that it is in the bank's best interest to crash an institution and grab what they can.
                        Best check with Weiss Ratings and find a safe bank.
                        Weiss Ratings

                        Comment


                        • Fleecing the GOV

                          This is another article on the order of seniority in the case of bankruptcy. Stockholders and bondholders would have to take the leftovers after the bankers looted the system. GOV (you and me) has been buying all the bank bonds. When the plug is pulled, all the assets of the bank will go to the holders of derivatives. The bondholders will get nothing. GOV-held bonds will be worthless.
                          Derivatives, The Gift That Keeps On Taking | Finance



                          “This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

                          “All the previous imbalances are still there. Total public and private debt levels are 30pc higher"
                          BIS veteran says global credit excess worse than pre-Lehman - Telegraph

                          An example from Japan;
                          "By 1933, Japan had emerged from the Great Depression"
                          "But Takahashi Korekiyo’s attempt to reduce military expenditures caused a conspiracy of army officers who assassinated him and the Prime Minister on February 26, 1936. They did so because they disagreed with his policy of reducing military spending. The policies of Takahashi Korekiyo’s successor gave the army a free hand in budget spending and by early 1937 there was a balance of payments and inflation crisis"
                          Social Democracy for the 21st Century: A Post Keynesian Perspective: Takahashi Korekiyo and Fiscal Stimulus in Japan in the 1930s

                          Comment


                          • Lindsey Williams

                            Lindsey Williams was a chaplain on the Alaskan pipeline. He claims that he was in constant contact with the "elites" who run the world. He did a lot of writing and made a lot of predictions. His track record is very good. He was the ONLY person who predicted the fall of oil to $ 25 a barrel. He wrote a book, "The Oil Non Crisis" He has a lot to say. This is his latest.
                            Elite Emergency Data - Lindsey Williams - YouTube

                            It is worth watching the whole thing.

                            Comment


                            • Historical perspective on central banks

                              In 1690, England was defeated by France. England determined that it MUST have a huge navy. It was broke. England allowed a private central bank to be formed in 1694. The bank advanced the funds to build the British navy. The Bank of England came into existence. England continued to have ruinous wars and huge debts. The B.O.E. prospered. WIKI

                              During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found prosperity in the colonies. Franklin replied.

                              "That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.

                              In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."
                              Benjamin Franklin 1

                              America had learned that the people's confidence in the currency was all they needed, and they could be free of borrowing debts. That would mean being free of the Bank of England.

                              In Response the world's most powerful independent bank used its influence on the British parliament to press for the passing of the Currency Act of 1764.

                              This act made it illegal for the colonies to print their own money, and forced them to pay all future taxes to Britain in silver or gold.

                              Here is what Franklin said after that.

                              "In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed."
                              Benjamin Franklin

                              THE HISTORY OF MONEY Rothschild Banking

                              OK, that gives a pretty good account of the evil effects of having a PRIVATE Central Bank. It also gives a good account of the positive effect on commerce and the GENERAL welfare.... not banker welfare. It also shows that SOVEREIGN money creation has a profound positive effect on the general welfare.

                              In 1861 Lincoln issued "Greenbacks" to finance the war. The London bankers wanted 24% to loan him money so, he printed it himself. It worked very well. he got shot for his troubles.
                              Along came 1913 and America got a Central bank owned by British bankers. !920 brought the first crash and 1929 brought the big crash. The London bankers were adamant that NOBODY have a sovereign currency that London could not control. Somebody broke ranks.

                              " Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own money. "
                              "Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation"
                              Web of Debt - Thinking Outside The Box: How A Bankrupt Germany Solved Its Infrastructure Problems
                              That was in 1935 when America was in deep depression.
                              Churchill made it very clear that WW II was a war just for the bankers. Also in 1933.
                              THE JEWS DECLARE WAR ON GERMANY.

                              Germany wasn't the only country that printed it's own currency and incurred the wrath of the London bankers.... now posing as the FED.

                              Japan; "The reform of the central bank was completed in February 1942 when the Bank of Japan Law was remodelled on the Reichsbank Act of Germany of 1939."

                              "The results of these reforms can be seen in the sustained improvement which took place in the Japanese economy, once the shackles of usury had been removed. During the 1931-41 period, manufacturing output and industrial production increased by 140% and 136% respectively, while national income and Gross National Product (GNP) were up by 241% and 259% respectively. These remarkable increases exceeded by a wide margin the economic growth of the rest of the industrialized world."

                              The solution was easy.
                              "It can thus be seen that the US Federal Reserve Bank was intimately involved in plotting and financing the overthrow of the Russian Empire7. With its stranglehold on the media and its placemen occupying most of the key positions in government in 1941, the Bank was in a favourable position from which to manipulate and provoke war with Japan.

                              Both the Bank of Japan and the German Reichsbank with their systems of state creation of the money supply at zero interest – and the inevitability that those systems of finance would be replicated by other countries, in particular those of the proposed Greater East Asian Co-prosperity Sphere – posed such a serious threat to the private investors of the US Federal Reserve Bank, that a world war was deemed to be the only means of countering it."
                              Japan in WWII: A Casualty of Usury? | Veterans Today

                              JFK printed U.S. notes backed by GOV silver.... NOT FED notes. He got shot for his troubles. Andrew Jackson refused to allow the bankers to renew the CB and he got shot for his troubles.

                              Moving closer to today;
                              "Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

                              What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements"
                              Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking? | Washington's Blog

                              So, we see that the long arm of the London bankers is pushing the B.I.S. to destroy any country that tries to escape it's control.
                              That control has been very lucrative.
                              Exposing The Financial Core of the Transnational Capitalist Class

                              The rest of the world is trying to break loose from the Anglo-American bankers. Karen Hudes reports that even Britain is trying to break free.
                              http://www.24hgold.com/english/news-...or=JS+Kim&mk=1

                              The sytem IS going to collapse... the sooner, the better.
                              James Rickards: "When The International Monetary System Collapses---It's Going To Be About How Much Gold You Have" | Bull Market Thinking

                              From a historical point of view, collapse isn't far off... maybe a couple of years.
                              The Smell of Collapse is in the Air – Part 2 |

                              America is fast becoming a police state. BUT, 52% of Americans receive a check from GOV. Everybody from welfare moms to derfense contractors. When the dollar is shunned for international trade, Uncle Sam will find that he has no money to pay for all the hated G-men.

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                              • Originally posted by Danny B View Post

                                [I]During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found prosperity in the colonies. Franklin replied.

                                "That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.

                                In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."
                                Benjamin Franklin 1

                                America had learned that the people's confidence in the currency was all they needed, and they could be free of borrowing debts. That would mean being free of the Bank of England.
                                check out this article :

                                BRAZIL > the Palmas community banks

                                The Palmas bank is an institution of solidarity microfinance created in 1998 by the residents of a favela, the Conjunto Palmeiras, in the North of Brazil. The adventure begins with Joaquim Melo, former seminarist who, against the Central Bank’s of Brazil recommendation, created the favela’s own currency ”las Palmas”. Consequently thanks to microcredit he boosted the local trade. In 2003 the Palmas Bank created the Palmas Institute, its mission being to export the model invented by Conjunto Palmeiras.


                                ps: at the time of British Dominion ... the Colonies were considered the "Favelas" of the Empire

                                don't like the title of this article but still informative :

                                North Dakota, socialist haven? - Salon.com
                                Last edited by MonsieurM; 09-26-2013, 11:28 AM.
                                Signs and symbols rule the world, not words nor laws.” -Confucius.

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