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Old 28-06-2017, 08:59 PM   #21
roastpotatoes
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A plot by central bankers to supercede national governments...from a mainstream newspaper:

The Nazis' British bankers
Secret war documents may reveal that Germany had staunch allies at the Bank of England
Chris [email protected]_blackhurst
Sunday 30 March 1997 00:02 GMT

In a vault in Basle, Switzerland, lie some of the most politically sensitive documents of the Second World War.

Historians uncovering the story of the gold trade that financed the Nazi war machine would love to have sight of them - not because they will provide further evidence of Swiss guilt in the trade but because they could expose other countries involved, including Britain.

In the saga of Nazi gold, it is always the Swiss who are to blame; the Swiss who were prepared to accept bullion looted from the victims of German oppression to the extent that the war was prolonged longer than necessary. But if the historians are right, these papers will go to the heart of the British financial establishment and raise questions about the allegiance of one of the most powerful figures of his day, former Governor of the Bank of England, Sir Montagu "Monty" Norman. Academics believe the archive will show that the Bank, led by Sir Monty, bent over backwards to help the Nazi war machine.

In an age without television and media access, Norman's was a household name. Famed for his supercilious manner, bad temper and contempt for the political leaders of his day, he was a banker's banker, whose aim was to create a network of central bankers like himself, free of the control of governments.

That, at least, is one explanation for Norman's behaviour in the years before the Second World War. There is another: that Norman was a German sympathiser, who wanted to ensure the German economy could fuel the country's war machine and that the Nazis had an outlet for their looted gold.

So concerned were the Americans about Norman that in the summer of 1942 President Roosevelt sent a report on his activities to Sir Winston Churchill. The British Prime Minister asked Anthony Eden, his Secretary for War, to look into the American concerns, in particular the allegation that Norman had met Hjalmar Schacht, a senior German official in neutral Sweden, in May 1941.

Herr Schacht was thought to be trying to broker some sort of peace deal. Norman was his chosen conduit. Papers filed in the Eden archive at Birmingham University reveal what must have been an unprecedented exchange: Churchill's right-hand man quizzing the Governor of the Bank of England about his allegiances. Norman denied seeing Herr Schacht for over a year.

For Churchill, this was not good enough. In a memo to Eden, the Prime Minister pointed out the war was now three years old, not one year. Norman's answer, thought Churchill, was inadequate. He instructed Eden to dig deeper. But at this point, the file goes dead: what further details Eden extracted from Norman are not recorded. Typically, Churchill did not want the Americans to know of his concerns. They were sent a bland reassurance that all was well with Norman.

So what was the Governor up to? Scott Newton, lecturer in modern history at Cardiff University, says there is "nothing in the file to clear Montagu Norman of the American charge". He was rightly suspected, says Newton, of being involved in "an unsavoury peace deal behind the government's back. Bearing in mind the report came from the US President, it would have relied upon good intelligence."

Norman, says Newton, "was trying to prevent the war developing to the point where the Bank of England was in danger of losing the prestige it had built up between the wars. Norman had a view that the world ought to be run by central bankers. He was not in any sense a democrat and he was worried the war would undermine the contacts he had created." Churchill, says Newton, "could not stand him; he distrusted him enormously".

The extent of the Bank of England's involvement has still not been disclosed. Documents from the period have convinced several historians that the Bank, through its redoubtable Governor, played a pivotal role. But the records which could reveal the detail remain inaccessible to historians in the Bank of International Settlements based in Basle, Switzerland.

Established after the First World War to smooth the system of compensation by Germany to the Allies for the conflict, BIS is a bank for central banks. It is more than a mere mechanism for moving money between governments, however. The meetings of its board are talking shops for the world's most powerful financial figures, a club where they can talk without interference from politicians and government officials. One of its most influential members in the years before the Second World War was Sir Montagu Norman.

On 15 March 1939, Hitler completed his rout of Czechoslovakia, making a triumphant entrance into Prague. One of his first acts was to order the directors of the Czech national bank to hand over the country's gold reserve. For Hitler, the Czech gold was a vital replenishment of rapidly dwindling reserves. An increasingly isolated Germany needed gold to barter for raw materials.

The Czech directors told the Germans it was too late; the gold had already been deposited via BIS in the Bank of England. The Germans ordered them to retrieve it. BIS did not deal in physical transfers of money or bullion - most of them took place on paper, by central banks adjusting their accounts with each other. The Czechs called BIS, which contacted London.

Norman obliged, instructing BIS to deduct the gold's value, some $40m (pounds 24m) at 1939 prices, from the Bank of England's account in Basle. The gold went back to Czechoslovakia, and to the Reichsbank in Berlin.

News of the trade did not leak out for two months. Then, in May 1939, prompted by a tip from a journalist, George Strauss, the Labour MP, asked Neville Chamberlain, the Prime Minister, if it was true that the national treasure of Czechoslovakia was being given to Germany.

The Government, advised by Norman, said it was impossible to determine who was the real owner of gold that passed through BIS; that the Basle institution was heavily protected by international protocols; and that as a banker for central banks, its dealings had to remain confidential.

In fact, Norman knew all along who was the rightful owner of the gold. He had told a Whitehall committee on 22 March 1939 that he had received a call from the Governor of the Bank of France, on behalf of BIS, asking for the return of the gold. "We did absolutely nothing," says historian Scott Newton. "Here was Czechoslovakia that had been invaded, and here was Monty Norman approving the transfer of its gold to the Reichsbank."

Norman's agreement, says Newton, was no surprise. "Monty Norman and the leading merchant banks in the City were up to their necks in helping to prop up the German financial system. The Germans owed a lot of money to British banks."

The bankers did not want the Americans to emerge from the war with the upper hand, economically. Dr Neville Wylie, research fellow in Modern History at Cam- bridge University, says "there was a strain of German sympathy within the Bank and the City. The alternative - of dealing with the rampant capitalists across the Atlantic - did not appeal."

How far that sympathy went, beyond the Czechoslovakian deal, will only be revealed when the BIS records are finally opened.
http://www.independent.co.uk/news/th...s-1275885.html
Confirmation of Montagu Norman's role in forming a world order run by financiers can be seen in a speech he gave to bankers in New York 1924, pre the Great Depression.

“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.

“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.

“These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.

“It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.”

Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers’ Association, NYC 1924

NB: This quotation was reprinted in the Idaho Leader, USA, on 26th August 1924, and has been read into the Australian Federal Hansard twice: by John Evans MP, in 1926, and by MD Cowan MP, in the session of 1930-31.


Hjalmar Schacht according to Wikipedia

"He was dismissed as President of the Reichsbank in January 1939. He remained as a minister without portfolio, and received the same salary, until he was fully dismissed from the government in January 1943"

Montagu Norman (Governor of the Bank of England) was a close friend of the German Central Bank President Hjalmar Schacht, who was a supporter of Adolf Hitler and the Nazi Party, and served in Hitler's government as President of the Reichsbank and Minister of Economics.

As such, Schacht played a key role in implementing the policies attributed to Hitler. Norman was also so close to the Schacht family that he was godfather to one of Schacht's grandchildren


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Old 14-07-2017, 07:09 PM   #22
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IMF Tells Governments How to Subvert Public Resistance Against Elimination of Cash
By Norbert Häring and cross-posted from his blog

(DQ: This is a really important [and worrying] development that passed me by when it was originally reported, in April this year)

The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, starting with seemingly harmless measures, is part of that advice.

In “The Macroeconomics of De-Cashing”, IMF-Analyst Alexei Kireyev recommends in his conclusions:

Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.

The private-sector-led de-cashing seems preferable to the public-sector-led decashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it. De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyberwarfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.

Note, that the author is not talking about unreasonable objections and imagined disadvantages: He does count it among the advantages of de-cashing in the very next paragraph that personal savings are pushed into banks and he also does count total control of all aspects of financial life under the pros, as in the last sentence of the last quote below:

“As de-cashing gives incentives to economies’ agents toconvert their currency in bank deposits, the deposit base of the banking system will increase, which can help reduce the lending rates and expand credit.”

read on here https://riggedgame.blog/2017/07/12/i...ation-of-cash/

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Old 14-07-2017, 08:43 PM   #23
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there is nothing wrong with "money from thin air" in and of itself. as long as it is created interest free, spent into existence on infrastructure and done in accordance with the gdp of the country. of course another problem is the concept of profit being sustainable in a closed system. its not. thats the problem. profit means inflation. thats why capitalism is a failure just like the fake socialism we've seen. now if someone wanted to try true from the bottom up socialism, that would be grand, but they wont...because theres no profit in it. people are greedy. they want more than they need. thats why we wont get off the tread mill.
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Old 14-07-2017, 08:45 PM   #24
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JP Morgan Chase bank just announced they had the most profitable quarter--ever. So, an economy (US) which is virtually at a standstill with many people unemployed can still make the banks richer than ever.

Makes me sick.
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Old 16-07-2017, 01:04 PM   #25
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I've just read all the threads on both pages, and it's the one about the BIS I want to add to.

The Americans were concerned about the activities of Norman, yet they financed and armed Germany more than anyone else. Clearly they wanted everything their own way as usual.

Even when America finally entered the war they had to pass a law to stop their own people from helping the Germans as they were still financing them and selling them fuel, ammunition and trucks.

I hope one day all the files from the BIS are released and the people can see what total scum these bankers are.
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Old 12-08-2017, 12:44 PM   #26
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Originally Posted by reverendjim View Post
there is nothing wrong with "money from thin air" in and of itself. as long as it is created interest free, spent into existence on infrastructure and done in accordance with the gdp of the country. of course another problem is the concept of profit being sustainable in a closed system. its not. thats the problem. profit means inflation. thats why capitalism is a failure just like the fake socialism we've seen. now if someone wanted to try true from the bottom up socialism, that would be grand, but they wont...because theres no profit in it. people are greedy. they want more than they need. thats why we wont get off the tread mill.
Not All Capital Is Equal; Some Is Destructive
by Tyler Durden
Aug 7, 2017 2:46 PM
Authored by Charles Hugh Smith via OfTwoMinds blog,
Financialization incentivizes hot money capital flooding into speculative credit-asset bubbles.

When we speak of capital investments and capital flows, it's presumed all the capital being referenced is equal: a dollar is a dollar, wherever and whenever it's put to use.

But not all capital is equal, and that is one reason why the global financial system is far more fragile than the mainstream media lets on. Metrics such GDP (gross domestic product) don't reflect the differences in the capital sloshing around the global economy.

In the "happy story" of classical capitalism, capital flows to productive investments: the construction of needed homes, assembly of new factories, etc.--activity that returns a profit to the owners of capital and generates value and employment by filling scarcities or by increasing productivity and thus wealth.

In this "happy story" of classical capitalism, banks (and those with savings) distribute credit and saved capital to those with the most attractive creditworthiness for the lowest-risk, highest-return ventures--ventures that are presumed to be productive for end users and society at large.

Compare that "happy story" of capital seamlessly distributed to productive uses to "hot money" capital flooding into real estate in desirable cities such as Vancouver, Toronto, New York, San Francisco, Seattle, Paris, etc. This hot-money capital isn't seeking productive investments; it's seeking a safe place to park capital and a speculative gain from participating in a credit-asset bubble.

When the owner of capital buys a luxury flat in Paris, NYC, San Francisco, etc., the deployment of capital has no productive result; not one unemployed person is hired, not one new good or service is produced.

Rather, the deployment of global capital pushes the price of homes beyond what wage-earning residents (i.e. the bottom 95%) can afford. This bubble distorts and disrupts the housing market, transforming shelter into a speculative bubble.

Much of this capital may well be borrowed. If someone lays down $1 million cash for a house in North America, who's to say the money wasn't borrowed overseas?

As I have often explained, when financiers and corporations can borrow enormous sums at near-zero rates of interest, they gain access to capital and can effectively outbid savers and everyone who does not have access to the central bank credit spigot.

Borrowed capital is intrinsically prone to being hot money: capital that flits around the world, seeking a quick return or a safe haven. The "happy story" of classical capitalism fails to recognize that in terms of risk and return, long-term productive investments that generate value, jobs and address scarcities are unattractive to hot money capital.

Why put capital at risk for long-term modest rates of return when short-term trades in speculative bubbles offer much higher returns and the promise of a quick exit?

Central bank-funded speculative credit-asset bubbles undermine the "happy story" of classical capitalism's productive investing of capital. It's no mystery why productivity has plummeted-- investment in productivity-increasing assets and training has plummeted.

Rather than create new wealth for society at large, speculative credit-asset bubbles distort and disrupt markets for essentials such as shelter, price out the bottom 95% and concentrate wealth in the hands of the few with unlimited access to central bank-generated credit.

Financialization incentivizes hot money capital flooding into speculative credit-asset bubbles. It does not incentivize productive investments that generate jobs or address scarcities. In a fully financialized global economy, the only scarcities recognized by hot money capital are opportunities for bubblicious gains and quick exits, and safe-havens for speculative or ill-gotten gains skimmed by the few at the expense of the many.

Hot money capital is not productive; it is destructive. The naive belief that all capital is a priori productive blinds us to the havoc wreaked by the financialization monster that has the global economy by the throat.
http://www.zerohedge.com/news/2017-0...me-destructive

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Old 18-03-2018, 11:41 AM   #27
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Central banks steal from you through inflation by destroying the purchasing power of your currency...

Why The U.S. Dollar Will Collapse | Mike Maloney and Stefan Molyneux

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Old 22-03-2018, 12:24 AM   #28
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Central banks steal from you through inflation by destroying the purchasing power of your currency...
Its ironic that you attempt to present an explanation to the causes of inflation and a perceived loss in value resulting—when both these people cited advocate interest and banking, the sole influence which forces an artificial costliness endured in each industry. This is ridiculous sea, another example as last year how these postings do nothing to educate people. All selling their wares/so-called; "precious metals" an oxymoron by usage—so "precious" that these sellers predicting the end of the world are so eagerly trying to sell it to the people.



Quote:
“The man who offers you a gold brick does not fling it at your head, he is excessively smooth and oily, and he shows you so much courtesy and deference that you actually feel flattered at being skinned by such an agreeable gentleman.” – Charles H. Robinson, "The Destruction of Poverty" (1898), p. 83
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Old 22-03-2018, 02:52 PM   #29
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Originally Posted by aura View Post
Its ironic that you attempt to present an explanation to the causes of inflation and a perceived loss in value resulting—when both these people cited advocate interest and banking, the sole influence which forces an artificial costliness endured in each industry. This is ridiculous sea, another example as last year how these postings do nothing to educate people. All selling their wares/so-called; "precious metals" an oxymoron by usage—so "precious" that these sellers predicting the end of the world are so eagerly trying to sell it to the people.
well let me inject some harsh reality into your world view

russia and china are stockpiling gold and silver
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Old 22-03-2018, 09:50 PM   #30
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Nomi Prins: Bank Collusion Is ‘Not Conspiracy Theory’
March 22, 2018 by IWB

Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation.

Since last month’s correction, the world has been watching the Fed because its policies have global implications. And worldwide sell-offs sent a clear sign to Fed Chair Powell to relax with the rate hikes.

When fears arise that central bank QE will recede on one side of the world, we see more volatility and rumors of hawkishness. To counter those fears, there will be a move toward dovish policy on the other side of the world.

Central banks operate in collusion. When the Fed signals it is raising rates, or markets over-react negatively to the threat, another central bank steps in. By colluding, other central banks offer even more dark money-QE to keep the party going.

The net result is a propensity toward the status quo in global monetary policy: a bullish, asset bubble-inflating bias in the stock markets and caution in the bond markets.

Here’s what’s going on with some of the most powerful central bankers right now, starting with Japan…

While U.S. markets were correcting earlier this month, Japan’s financial benchmark, the Nikkei 225 index fell more than 1,200 points. At the same time, the rumors of Japan’s central bank curbing its dark money-QE programs are just that.

While investors have speculated that the BoJ could be moving towards an exit from dark money policy (despite the BOJ denying this), we know that central banks are too scared of the outcomes.

In an economic pinch, the Bank of Japan (BoJ), will keep dark money flowing.

Confirming my premise, when Japanese Government Bond prices were dipping too fast, the BoJ announced “unlimited” buying of long-term Japanese government bonds. This is simply the continuation of the policy the BoJ already has in place.

It was also, as CNBC reported, “the first time in more than six months that the BOJ has conducted special operations to buy bonds to achieve the yields it wants to see…”

That’s a clear sign of more manipulation of the bond market. And now we have confirmation that Japan likely has more dark money coming…

For the past year, there have been media rumblings that Japanese Prime Minister Shinz? Abe would relieve current Bank of Japan (BoJ) head, Haruhiko Kuroda. The dark money maven was set to end his term on April 8.
read on here
http://www.investmentwatchblog.com/n...piracy-theory/
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Old 24-03-2018, 12:15 PM   #31
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Death knell tolls for the euro as more European nations repatriate gold – expert to RT
Published time: 24 Mar, 2018 06:05

The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels. RT talked to Claudio Grass of Precious Metal Advisory Switzerland to understand what’s behind that trend.

According to Grass, the process means disintegration, which usually comes with instability, unrest, more government intervention and control.

“The central banks started the repatriation already a few years ago, meaning before we had Brexit, Catalonia, Trump, AFD or the rising tensions between the Politburo in Brussels and the nations of Eastern Europe,” he said.

Grass explained that these are all symptoms that are evident today and “therefore the central banks might have seen this coming long before the public realized it.”

He said it is fair to say that the world is moving away from a centralized system.

“If we follow this trend, it should be obvious that the next step should be an even bigger break up into smaller units than the nation states. With such geopolitical fragmentation comes also the decentralization of power.”

Analysts have pointed out that EU countries see gold as insurance in case they end up returning to their national currencies. According to Grass, only a fool believes you can create wealth out of nothing, and use that as a basis for a sustainable system.

“Our system is based on 7 percent paper notes and 93 percent digital units backed up by nothing other than central bank promises to pay back the debt in the future through inflation and taxation.”

He explained that in the Western world, the government is forcing people to give up between 35 and 65 percent of their income and to put it into mandatory vehicles such as pension funds, retirement insurance, taxes, and so on.

“If you take away 100 percent of a person’s fruits of labor it is defined as slavery… So there is still some room but it doesn’t look good either.”

Grass added that with the “accelerating disintegration of the Eurozone and more nationalistic and right-wing parties popping up that have a clear policy, that is going against the EU.”

“It is just a matter of time before the Euro, the most artificial currency ever, is going to collapse,” he concluded.
https://www.rt.com/business/422200-d...ell-euro-gold/
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Old 19-04-2018, 09:37 PM   #32
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Old 28-05-2018, 06:42 PM   #33
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15 Things They Don't Tell You About Money
April 29, 2011 by Ken MacIntyre (Guest Author)

Inspired by Ha Joon Chang’s 23 Things They Didn’t Tell You About Capitalism (2010) (where you learn for example that the Nobel Prize for Economics is not really a Nobel Prize: it is awarded by the Swedish Central Bank).

1. Governments in full sovereign control of their currencies can create sufficient money to ensure full employment and to finance all their activities. There is no limit to money creation and to say that ‘there is no money left’ is as absurd as it is untrue.

2. Governments with sovereign power do not need to borrow either from private financial institutions or the IMF. That they borrow and then have to ‘appease financial markets’ is a self-imposed constraint, rather like tying your shoelaces together and claiming that you can’t walk (see Warren Mosler below).

3. Governments do not control the money supply but instead have chosen to subcontract the provision of the public money supply to private banks.

4. Governments voluntarily forego the substantial public revenue of money creation called seigniorage. In the UK this amounts to a subsidy to private banks of the order of £100 bn a year

5. Money is not a ‘ thing’ but a legal relationship, a creation of the State. It is a token (these days electronic) system which establishes claims over resources.

6. Money is not wealth. Wealth is land, natural resources and the products of human labour. Money is only a claim on wealth.

7. Real wealth comes from the production of socially useful goods and services and investment in infrastructure and skills. Property or share price speculation and the promotion of pyramid schemes (the process called ‘financial liberalisation’ or ‘deregulation’) are predatory and extractive activities which do not create wealth.

8. Banks are offspring of the State. They have a virtual monopoly of money creation and the legal privileges and protections of corporate personhood and limited liability. They pretend to be independent and self reliant but like spoilt teenagers, at the first sign of trouble, they run home crying and demanding unlimited handouts.

9. Banks do not lend anything. They create money as credit out of nothing and charge interest on something which costs nothing to produce. Credit creates an additional debt overhead in the form of interest which adds to costs in the economy but, as no additional money is issued to cover it, there is never enough money in circulation to enable debt to be repaid, causing bankruptcies, recessions and unemployment.

10. Bank credit does not go into productive investment but into asset price speculation and ‘loans’ to other banks. When commentators refer to the banking crisis they are referring to the ongoing collapse of this classic pyramid or Ponzi scheme.

11. Banks expand and contract the money supply creating booms and asset price bubbles which collapse into recessions. This is called ‘the business cycle’ but there is nothing inevitable about it.

12. There must always be a deficit in the private or public sectors for the money system to function – someone somewhere has always to be spending more than they are earning.

13. There are only two ways that money can enter the economy: credit issued by private banks or government spending. If credit dries up, only government can make good the shortfall or else there is a recession.

14. If you think that you have ‘money in the bank’, think again. Bank accounts are only accounting entries representing the bank’s promise to pay, not real money.

15. Expanding the money supply by government-issued money is not inflationary except in conditions of full employment. Unlike bank credit, there is nothing intrinsically inflationary about government-issued money. Money issuance can always be controlled by taxation.
Sources

C H Douglas Social Credit (1924)
Warren Mosler – The Seven Deadly Innocent Frauds of Economic Policy (2010)
A. Mitchell Innes – What is Money? The Banking Law Journal, May 1913: http://moslereconomics.com/mandatory...what-is-money/
Stephanie Kelton and others: Are There Spending Constraints on Governments Sovereign in their Currency? (April 2010)
NEF, Positive Money, Prof Richard Werner: Submission to the Independent Banking Commission (2010)
Prof Mary Mellor
Ann Pettifor (Editor) Real World Economic Outlook (2003)
Ha Joon Chang – 23 Things They Didn’t Tell You About Capitalism (2010)
http://positivemoney.org/2011/04/15-...u-about-money/
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Old 28-05-2018, 11:00 PM   #34
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https://www.infogristle.com/bruce-mccarthy/the-pipeline.php


QUESTION: Don't the bankers control all the world's gold/silver?


ANSWER:
No more than they control any other asset, including your labor. If you believe in credit, then they control all your economic values, not just those relating to precious metals. Their clout is derived from the "value" that producers place on bogus bank credit and this is what makes their system of plunder work! Even the "informed" public continues to labor in support of this fraud.

An amazing scam isn't it? - that even the "informed" public (us) continues to labor in support of this fraud.

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Old 28-05-2018, 11:35 PM   #35
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https://www.infogristle.com/bruce-mc...d-on-these.php



Does your survival depend on these? If so, then your future is bleak.


Visa/Mastercard ?

Checks ?

Federal Reserve Notes ?

These are all credit instruments - not money.

Federal Reserve Notes (“cash”) are not federal, embrace no reserves, are not notes, cash , money, or dollars.

The Federal Reserve (a private corporation) is America's central bank, created in 1913 to fulfill the Communist Manifesto's 5th plank: Concentration of credit [regulated by] a national bank with an exclusive monopoly.

ADVANTAGES TO [REAL] MONEY

1. Independence from the central banking system.

2. Privacy. Credit instruments make your life an “open book” to … guess who?!?!

3. Uninflatable. All imaginary money reaches its ultimate value - ZERO. Wait and see.

4. Lawful. Credit violates the law of “just weights & measures” (Deut. 25: 13-16), the prohibition against usury/interest (Exodus 22:25), and against theft (Exodus 20:16), to name a few.

5. Versatile. Many industrial and other uses. What will you do when “credit” fails (like in Mexico, Brazil, Peru, etc., etc.) as a money substitute?
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Old 31-05-2018, 04:27 PM   #36
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“… banking institutions are more dangerous to our liberties than standing armies.” Thomas Jefferson


Really, Thomas? Then why did you give the Federal government power to coin money and regulate its value when the states always had that prerogative? By giving the federal government the sole power to issue (coin) money you had to have known what would happen to the [then] sovereign states, didn't you? Damn hypocrite!


Frederick Soddy:

"It was recognized in Athens and Sparta ten centuries before the birth of Christ that one of the most vital prerogatives of the State was the sole right to issue money. How curious that the unique quality of this prerogative is only now being re-discovered. The “money-power” which has been able to overshadow ostensibly responsible government, is not the power of the merely ultra-rich, but is nothing more nor less than a new technique designed to create and destroy money by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of the community or the real role that money ought to perform therein. …


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Old 31-05-2018, 05:31 PM   #37
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That's why there's so much confusion around the word sovereign (and the sovereign citizen movement). How can the states have sovereign citizens if the state itself has no sovereign powers, one of the most important being the power to issue its own money?

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Old 19-08-2018, 10:36 AM   #38
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We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History
And how do things usually work out for the rat?
by Chris Martenson
Friday, August 17, 2018, 7:10 PM

There are ample warning signs that another serious financial crisis is on the way.

These warning signs are being soundly ignored by the majority, though. Perhaps understandably so.

After 10 years of near-constant central bank interventions to prop up markets and make stocks, bonds and real estate rise in price -- while also simultaneously hammering commodities to mask the inflationary impact of their money printing from the masses -- it’s difficult to imagine that “they” will allow markets to ever fall again.

This is known as the “central bank put”: whenever the markets begin to teeter, the central banks will step in to prop/nudge/cajole the markets back towards the “correct” direction, which is always: Up!

It’s easy in retrospect to see how the central banks have become caught in this trap of their own making, where they're now responsible for supporting all the markets all the time.

The 2008 crisis really spooked them. Hence their massive money printing spree to "rescue" the system.

But instead of admitting that Great Financial Crisis was the logical result of flawed policies implemented after the 2000 Dot-Com crash (which, in turn, was the result of flawed policies pursued in the 1990’s), the central banks decided after 2008 to double down on their bets -- implementing even worse policies.
The Largest-Ever Monetary Experiment In Human History

It’s not hyperbole to say that the monetary experiment conducted over the past ten years by the world’s leading central banks (and its resulting social and political ramifications) is the largest-ever in human history:



This global flood of freshly-printed 'thin air' money has no parallel in the historical records. All around the world, each of us is part of a grand experiment being conducted without the benefits of either prior experience or controls. Its outcome will be binary: either super-great or spectacularly awful.

If the former, then no worries. We'll just continue to borrow and spend in ever-greater amounts -- forever. Perpetual prosperity for everyone!

But if things hit a breaking point, then you had better be prepared for some truly bad times.

Excessive money printing leads to the destruction of currency. Fiat money (like the US dollar, the Euro, the Yen, and every other world currency) is a social contract and has an associated set of related agreements. When that contract and those agreements are broken by reckless expansion of the currency base, things fall apart fast. We need look no further than current-day Venezuela to understand that.

It’s important to remember that money -- whether physical cash or in digital form, stocks, or bonds -- is just a claim on real wealth. Real wealth is land, clothes, food, oil…you know, real things.
read on here https://www.peakprosperity.com/blog/...-human-history
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Old 19-08-2018, 05:05 PM   #39
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One good reason it is taking so long for the system to crash is people will do anything to get it or keep it. It's people that give it value:


Video Shows Thieves Trying To Snatch Purse Of Woman Carrying $75,000

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Old 19-08-2018, 05:11 PM   #40
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https://www.infogristle.com/bruce-mc...e-pipeline.php


QUESTION: Don't the bankers control all the world's gold/silver?


ANSWER: No more than they control any other asset, including your labor. If you believe in credit, then they control all your economic values, not just those relating to precious metals. Their clout is derived from the "value" that producers [and the people] place on bogus bank credit and this is what makes their system of plunder work! Even the "informed" public continues to labor in support of this fraud.
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