Iceland’s President Olafur Ragnar Grimsson was interviewed over the weekend at the World Economic Forum in Davos on why Iceland has enjoyed such a strong recovery after it’s complete financial collapse in 2008, while the rest of the Western world struggles with a recovery that has no clothes.
Grimsson gave an EPIC reply to the financial MSM reporter, stating that Iceland’s recovery was due to the primary reason that
‘We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing here in Europe.
When asked whether Iceland’s policy of letting the banks fail would have worked in the rest of Europe, Grimsson replied,
Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and tele-communication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity.
People in enlightened democracies are not going to accept that in the long run!
Grimsson’s full EPIC interview is below:
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Why dont we all just take our gold and silver and move to Iceland?
@SilverIsMoney
You know, if I were 20 and single, I’d find your suggestion teriffically compelling. They DO have some of the world’s prettiest girls in the world up there.
“ They DO have some of the world’s prettiest girls in the world up there.”
Yes… and some of the longest and coldest nights as well! :-D
I think that Gore’s Global warming finally got to those folks. Only half of the country is left and when 50% of the ice melted all the pretty girls lived on that side and are now gone. The uglies are coming in droves to the colonies for facial plastic surgery. The only news after that is those uglies still don’t shave their underarms or legs. So if you are thinking about one of them online dating service that have the Icelandic girls….fellas you just gotta be really careful.
I recall a holy man throwing the money changers out of the temple. That’s bad ass! Some have their priorities all messed up. Too many people pray to the banks but avoid the churches.
Indeed they do AG. Reminds me of a little book of Russian proverbs I once got as a gift. One of my favorites was:
“It is snowing hard and very cold. The church is near and the tavern far. But, I shall walk VERY carefully!”. ;-)
That Bad Ass was Jesus Christ!
Looky here:
The following timeline was written by a man named Andrew Hitchcock in
2006. Many of you may have already read it, but those of you that
haven’t it is well worth a read. It outlines the strategic moves of
the ‘Money-Changers’ as Hitchcock refers them as, since 48 B.C. when
Julius Caesar took it upon himself to take the Bankster’s power over
the money away.
We all know what happened to him, and every single other political
figure who tried to get in their way.
Some interesting silver references also.
Set aside some time, though, it’s a long one.
Enjoy. By the way, Cain works for the money changers…..
Economists continually try and sell the public the idea that
recessions or depressions are a natural part of what they call the
“business cycle”.
This timeline below will prove that is simply not the case. Recessions
and depressions only occur because the Central Bankers manipulate the
money supply, to ensure more and more is in their hands and less and
less is in the hands of the people.
Central Bankers developed out of money changers and it is with these
people we pick the story up in 48 B.C. below.
48 B.C.
Julius Caesar took back from the money changers the power to coin
money and then minted coins for the benefit of all. With this new,
plentiful supply of money, he established many massive construction
projects and built great public works. By making money plentiful,
Caesar won the love of the common people.
But the money changers hated him for it and this is why Caesar was
assassinated. Immediately after his assassination came the demise of
plentiful money in Rome, taxes increased, as did corruption.
Eventually the Roman money supply was reduced by 90 per cent, which
resulted in the common people losing their lands and homes.
30 A.D.
Jesus Christ in the last year of his life uses physical force to throw
the money changers out of the temple. This was the only time during
the the life of his ministry in which he used physical force against
anyone.
When Jews came to Jerusalem to pay their Temple tax, they could only
pay it with a special coin, the half-shekel. This was a half-ounce of
pure silver, about the size of a quarter. It was the only coin at that
time which was pure silver and of assured weight, without the image of
a pagan Emperor, and therefore to the Jews it was the only coin
acceptable to God.
Unfortunately these coins were not plentiful, the money changers had
cornered the market on them, and so they raised the price of them to
whatever the market could bear. They used their monopoly they had on
these coins to make exorbitant profits, forcing the Jews to pay
whatever these money changers demanded.
Jesus threw the money changers out as their monopoly on these coins
totally violated the sanctity of God’s house. These money changers
called for his death days later.
1024
The money changers had control of Medieval England’s money supply and
at this time were generally known as goldsmiths. Paper money started
out and this was simply a receipt you would get after depositing gold
with a goldsmith, in their safe rooms or vaults. This paper started
being traded as it was far more convenient than carrying round a lot
of heavy gold and silver coins.
Over time, to simplify the process, the receipts were made to the
bearer, rather than to the individual depositor, making it readily
transferable without the need for a signature. This also, broke the
tie to any identifiable deposit of gold.
Eventually the goldsmiths recognized that only a fraction of
depositors ever came in and demanded their gold at any one time, so
they found out how they could cheat on the system. They started to
issue more receipts than they had gold to back those receipts and no
one would be any the wiser. They would loan out these receipts which
were not backed by the gold they had in their depositories and collect
interest on them.
This was the birth of the system we know today as Fractional Reserve
Banking, and like this system of today this meant the goldsmiths were
able to make astronomical amounts of money by loaning out, what was
essentially fraudulent receipts, as they were for gold the goldsmiths
didn’t even possess. As they gradually got more confident they would
loan out up to 10 times the amount they had in their deposits.
To simplify how they made money on this, let’s give an example in
which a goldsmith charges the same rate of interest to creditors and
debtors. In this example a goldsmith would pay interest of 6% on gold
you had deposited with them, and then charge 6% interest on money, I
mean fraudulent receipts, you borrowed from them. As they would lend
out ten times what you had deposited with them, whilst they’re paying
you 6% interest, they are making 60% interest. This is on your gold.
The goldsmiths also discovered that their control of this fraudulent
money supply gave them control over the economy and the assets of the
people. They exacted their control by rowing the economy between easy
money and tight money.
The way they did this was to make money easy to borrow and therefore
increase the amount of money in circulation, then suddenly tighten the
money supply, taking it out of circulation by making loans more
difficult to get or stopping offering them altogether.
Why did they do this? Simple, because the result would be a certain
percentage of the people being unable to repay their previous loans,
and not having the facility to take out new ones, so they would go
bankrupt and be forced to sell their assets to the goldsmiths for
literally pennies on the dollar.
This is exactly what happens in the world economy of today, but is
referred to with words like, “the business cycle,” “boom and bust,”
“recession,” and “depression,” in order to confuse the population of
the money changers scam.
1100
King Henry I succeeds King William II to the throne of England. During
his reign he decided to take the power the money changers had over the
people, and he did this by creating a completely new form of money
that took the form of a stick! This stick was called, a “talley
stick,” and ended up being the longest lasting form of currency,
lasting 726 years until 1826 (even though other currencies came and
went in that same period and ran alongside the talley sticks).
The talley stick was a stick of polished wood into which notches were
cut along one side, to indicate the denomination of money the stick
represented. The stick was then split lengthwise through the notches,
so that both pieces had a record of the notches. The King kept one
half to protect against counterfeiting and the other half was spent
into the economy and circulated as money.
It was also one of the most successful money systems in history, as
the King demanded that all the King’s taxes had to be paid in, “talley
sticks,” so this increased their circulation and acceptance as a
legitimate form of money. This system would work well in keeping the
power away from the money changers in England.
1225
St. Thomas Aquinas is born, the leading theologian of the Catholic
Church who argued that the charging of interest is wrong because it
applies to “double charging,” charging for both the money and the use
of the money.
This concept followed the teachings of Aristotle that taught the
purpose of money was to serve the members of society and to facilitate
the exchange of goods needed to lead a virtuous life. Interest was
contrary to reason and justice because it put an unnecessary burden on
the use of money.
Thus, Church law in Middle Ages Europe forbade the charging of
interest on loans and even made it a crime called, “usury.”
1509
King Henry VIII succeeds King Henry VII to the throne in England.
During his reign he relaxed the laws regarding usury, and and the
money changers did not waste any time in re-asserting themselves over
the population. They quickly made their gold and silver coin system
plentiful again. It is interesting to note that under King Henry VIII
the Church of England separated from Roman Catholicism, whose Church
law prevented the charging of interest on money.
1553
Queen Mary I succeeds Lady Jane Grey’s nine day reign to the throne in
England. During her reign, Queen Mary I, a staunch Catholic, tightened
the usury laws again. The money changers were not amused and in
revenge they tightened the money supply by hoarding gold and silver
coins and causing the economy to plummet.
1558
Queen Elizabeth I succeeds Queen Mary I, her half sister, to the
throne in England. During her reign, Queen Elizabeth I decided that in
order to wrest control of the money supply she would have to issue her
own gold and silver coins. She did this through the public treasury
and successfully took control of the money supply from the money
changers.
1609
The money changers in the Netherlands establish the the first central
bank in history, in Amsterdam.
1642
Oliver Cromwell is financed by the money changers for the purposes of
fomenting a revolution in England, and allowing them to take control
of the money system again. After much bloodshed, Cromwell finally
purges the parliament, overthrows King Charles I and puts him to death
in 1649.
The money changers immediately consolidate their power and for the
next few decades plunge Great Britain into a costly series of wars.
They also take over a square mile of property in the center of London
which becomes known as the City of London.
1688
The money changers in England following a series of squabbles with the
Stuart Kings, Charles II (1660 – 1685) and James II (1685 – 1688),
conspire with their far more successful money changing counterparts in
the Netherlands, who had already set up a central bank there.
They decide to finance an invasion by William of Orange of Netherlands
who they sound out and establish will be more favorable to them. The
invasion is successful and William of Orange ascends to the throne in
England as King William III in 1689.
1694
Following a costly series of wars over the last 50 years, English
Government officials go, cap in hand, to the money changers for loans
necessary to pursue their political purposes. The money changers agree
to solve this problem in exchange for a government sanctioned
privately owned bank which could issue money created out of nothing.
This was deceptively named the, “Bank of England,” for the sole
purpose of duping the general public into believing it was part of the
government, which it was not.
Like any other private corporation the Bank of England sold shares to
get started. The private investors, whose names were never revealed,
were supposed to put up £1,250,000 in gold coins to buy their shares
in the bank, but only £750,000 was ever received. Despite that the
bank was duly chartered and began loaning out several times the money
it supposedly had in reserves, all at interest.
Although the Bank of England’s private investors were never revealed,
one of the Directors, William Paterson, stated,
“The Bank hath benefit of interest on all monies which it creates out
of nothing.”
Furthermore the Bank of England would loan government officials as
much of the new currency as they wanted, as long as they secured the
debt by direct taxation of the British people. The Bank of England
amounted to nothing less than the legal counterfeiting of a national
currency for private gain, and thus any country that would fall under
the control of a private bank would amount to nothing more than a
plutocracy.
Soon after the Bank of England was formed it attacked the talley stick
system, as it was money outside of the power of the money changers,
just as King Henry I had intended it to be.
1698
Following four years of the Bank of England, their plan to control the
money supply had come on in leaps and bounds. They had flooded the
country with so much money that the Government debt to the Bank had
grown from the initial £1,250,000, to £16,000,000, in only four years.
That’s an increase of 1,280%.
Why do they do it? Simple, if the money in circulation in a country is
£5,000,000, and a central bank is set up and prints another
£15,000,000, stage one of the plan, sends it out into the economy
through loans etc, than this will reduce the value of the initial
£5,000,000 in circulation before the bank was formed. This is because
the initial £5,000,000 is now only 25% of the economy. It will also
give the bank control of 75% of the money in circulation with the
£15,000,000 they sent out into the economy.
This also causes inflation which is the reduction in worth of money
borne by the common person, due to the economy being flooded with too
much money, an economy which the Central Bank are responsible for. As
the common person’s money is worth less, he has to go to the bank to
get a loan to help run his business etc, and when the Central Bank are
satisfied there are enough people with debt out there, the bank will
tighten the supply of money by not offering loans. This is stage two
of the plan.
Stage three, is sitting back and waiting for the debtors to them to go
bankrupt, allowing the bank to then seize from them real wealth,
businesses and property etc, for pennies on the dollar. Inflation
never effects a central bank in fact they are the only group who can
benefit from it, as if they are ever short of money they can simply
print more.
1757
Benjamin Franklin travels to England and would spend the next 18 years
of his life there until just before the start of the American
Revolution.
1760
Mayer Amschel Bauer changes him name to Mayer Amschel Rothschild and
sets up the, House Of Rothschild, and soon learns that if he loans out
money to Governments and Royalty then this is far more profitable than
loaning to individuals. This is because the loans made are bigger and
backed by their nations’ taxes. He trains his five sons in the art of
money creation.
1764
Benjamin Franklin is asked by officials of the Bank of England to
explain the prosperity of the colonies in America. He replies,
“That is simple. In the Colonies we issue our own money. It is called
Colonial Scrip. 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
no one.”
As a result of Franklin’s statement, the British Parliament hurriedly
passed the Currency Act of 1764. This prohibited colonial officials
from issuing their own money and ordered them to pay all future taxes
in gold or silver coins. Referring to after this act was passed,
Franklin would state the following in his autobiography,
“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 the unemployed…The colonies
would gladly have borne the little tax on tea and other matters had it
not been that England took away from the colonies their money which
created unemployment and dissatisfaction.
The viability of the colonists to get power to issue their own money
permanently out of the hands of King George III and the international
bankers was the prime reason for the revolutionary war.”
Control of America’s money system will change hands 8 times since 1764.
1775
April 19th, start of the revolutionary war in Lexington,
Massachusetts. By this time the colonies had been drained of silver
and gold coins as a result of British taxation. As a result of this,
the continental government had no choice but to print money to finance
the war.
At the start of the revolution the American money supply stood at
$12,000,000. By the end of the war it was nearly $500,000,000 and as a
result the currency was virtually worthless. An example of this is
that a pair of shoes now sold for $5,000 dollars. This also shows the
danger of printing too much money. The reason Colonial Scrip had
worked was because just enough was used to facilitate trade.
1781
Towards the end of the American Revolution the Continental Congress
were desperate for money, so they allowed Robert Morris, their
Financial Superintendent, to open a privately owned central bank, in
the hope this would sort out the money problem.
Morris was a wealthy man who had grown wealthier during the revolution
by trading in war materials. This first central bank in America was
called the Bank of North America, which was set up with a four year
charter, and was closely modeled after the Bank of England. It was
allowed to practice the fraudulent system of fractional reserve
banking, so it could create money it didn’t have, then charge interest
on it.
The bank’s charter called for private investors to put up $400,000 of
initial capital, which Morris found himself unable to raise.
Nevertheless he unashamedly used his political influence to have gold
deposited in the bank, which had been loaned to America by France.
Morris then loaned the money he needed to buy this bank from this
deposit of gold that belonged to the government, or rather the
American people.
This Bank of North America, again deceptively named so the common
people would believe it was under the control of the government, was
given a monopoly over the national currency.
1785
Despite the promises of Robert Morris that his privately owned Bank of
North America would solve the problem with the money supply, of course
the economy continued to plummet, forcing the Continental Congress not
to renew the bank’s charter. The leader of the effort to kill this
bank was William Findlay of Pennsylvania, who stated,
“This institution, having no principle but that of avarice, will never
be varied in its objective…to engross all the wealth, power and
influence of the state.”
Mayer Amschel Rothschild moves his family home to a five storey home
in Frankfurt, Germany, which he shares with the Schiff family, (a
descendant of both Rothschild and Schiff, Jacob Schiff, who would be
born in this house, would, some 128 years later, be instrumental in
the setting up of the Federal Reserve).
1787
Colonial leaders assemble in Philadelphia to replace the Articles of
Confederation with the Constitution. Governor Morris headed the final
draft of the Constitution and he knew the motivation of the bankers
well as he had once worked for them. Governor Morris along with his
former boss Robert Morris, and Alexander Hamilton had presented the
original plan for the Bank of North America to the Continental
Congress, in the final year of the Revolution.
Fortunately Governor Morris by this time had discovered his
conscience, defected from Robert Morris, and in a letter to James
Madison dated July 2nd of this year he stated,
“The rich will strive to establish their dominion and enslave the
rest. They always did. They always will…They will have the same
effect here as elsewhere, if we do not, by the power of government,
keep them in their proper spheres.”
James Madison was opposed to a privately owned central bank after
seeing the exploitation of the people by the Bank of England. Thomas
Jefferson was also against it, and Jefferson later made the following
statement,
“If the American people ever allow private banks to control the issue
of their currency, first by inflation, then by deflation, the banks
and the corporations which grow up around them will deprive the people
of all property until their children wake up homeless on the continent
their fathers conquered.”
Sadly the words of wisdom of Governor Morris and Thomas Jefferson fell
on deaf ears. Alexander Hamilton, Robert Morris and Thomas Wyling,
convinced the the bulk of the delegates to this Constitutional
convention, not to give Congress the power to issue paper money.
They were aware that most of these delegates were still reeling from
the wild inflation of the paper money during the revolution. These
delegates also had short memories and didn’t remember how well
Colonial Scrip had worked before the war, or Benjamin Franklin’s words
of wisdom in 1764.
As a result the Constitution was silent on the issue of paper money by
the Government for the citizens, leaving a wide open door for money
changers in the future.
1790
Less than 3 years after the Constitution had been signed, the newly
appointed First Secretary of the Treasury, Alexander Hamilton,
proposed a bill to the Congress calling for a new privately owned
central bank. Interestingly, Alexander Hamilton’s first job after
graduating from law school in 1782 was as an aide to Robert Morris, a
man who he had written to in 1781 stating, “a national debt if it is
not excessive will be to us a national blessing.”
1791
The three main players behind the Bank Of North America were: Robert
Morris; Alexander Hamilton; and the Bank’s President, Thomas Willing.
These men did not give up and Alexander Hamilton, now Secretary of the
Treasury, a man who described Robert Morris as his, “mentor,” managed
to get a new privately owned central bank through the new Congress.
This new bank was called the, “First Bank of the United States,” and
was exactly the same as the Bank of North America. Robert Morris
controlled it, Thomas Willing was the Bank’s President, only the name
had changed.
This bank came into being after a year of intense debate and was given
a 20 year charter. It was given a monopoly on printing United States
currency even though 80% of it’s stock was held by private investors.
The other 20% was purchased by the United States government, but this
was not to give it a piece if the action, but to provide the capital
for the private investors to purchase the other 80%.
As with the Bank of England and the old Bank of North America, these
private investors never paid the full agreed amount for their shares.
What happened was through the fraudulent system of fractional reserve
banking, the government’s 20% stake which was $2,000,000 in cash, was
used to make loans to its private investors to purchase the other 80%
stake, £8,000,000, for this risk free investment.
Again like the Bank of England and the old Bank of North America, the
name, “First Bank of the United States,” was deliberately chosen to
hide from the common people the fact that it was privately owned. The
names of the investors in this bank were never revealed, although it
is now widely believed that the Rothschilds were behind it.
Interestingly in 1790 when Alexander Hamilton proposed this bank in
Congress, Mayer Amschel Rothschild made the following statement from
his bank in Frankfurt, Germany, “Let me issue and control a nation’s
money and I care not who writes the laws.”
1796
The First Bank of the United States has been controlling the American
money supply for 5 years. During this time the American Government has
borrowed $8,200,000 from this Central Bank, and prices in the country
have increased by 72%. In relation to this, Thomas Jefferson, then
Secretary of State stated,
“I wish it were possible to obtain a single amendment to our
constitution taking from the Federal Government their power of
borrowing.”
1798
Mayer Amschel Rothschild sends his son, Nathan, at the age of 21, to
England with a sum of money equivalent to £20,000, to set up a money
changers there.
1800
In France, the Bank of France was set up. However Napoleon decided
France had to break free of the debt and he therefore never trusted
this bank. He declared that when a government is dependent on bankers
for money, it is the bankers and not the government leaders that are
in control. He stated,
“The hand that gives is among the hand that takes. Money has no
motherland, financiers are without patriotism and without decency,
their sole object is gain.”
1803
Now President, Thomas Jefferson, President Jefferson struck a deal
with Napoleon in France. The United States would give Napoleon
$3,000,000 of gold in exchange for a huge chunk of territory west of
the Mississippi River. This was called the Louisiana purchase.
Napoleon used this gold to put together an army. He then used this
army to set off across Europe where he began to conquer everything in
his path. The Bank of England quickly rose to oppose Napoleon and
financed every nation in his path, as usual profiteering from war.
Prussia, Austria, and then finally Russia all went heavily into debt
in a futile attempt to stop Napoleon.
1807
30 year old Nathan Rothschild, head of the English branch of the
family in London, personally takes charge of a plan to smuggle a much
needed shipment of gold through France to Spain to finance an attack
by the Duke Of Wellington on Napoleon, from there.
1811
A bill was put before Congress to renew the charter of the First Bank
of the United States. The legislatures of both Pennsylvania and
Virginia pass resolutions asking Congress to kill the bank. The
national press openly attack the bank calling it: a great swindle; a
vulture; a viper; and a cobra.
Nathan Rothschild gets in on the act and makes the following revealing
statement as to who was really behind the First Bank of the United
States,
“Either the application for renewal of the charter is granted, or the
United States will find itself involved in a most disastrous war.”
When the smoke had cleared the renewal bill was cleared by a single
vote in the house and was deadlocked in the Senate. At this point
America’s fourth President, President James Madison was in the White
House. He was a staunch opponent of the bank and he sent his
Vice-President, George Clinton, to break a tie in the Senate which
killed the bank.
1812
As promised by Nathan Rothschild, because the charter for the First
Bank of the United States is not renewed, thousands have to die and
the British attack America. However, as the British are still busy
fighting Napoleon, they are unable to mount much of an assault and the
war ends in 1814 with America undefeated.
1814
Wellington’s attacks from the South and other defeats eventually
forced Napoleon to abdicate and Louis XVIII is crowned King. Napoleon
is exiled to the tiny island of Elba, off the coast of Italy.
1815
Napoleon escapes his exile and returns to Paris. French troops were
sent to capture him, but he uses his charisma to convince these
soldiers to rally round him, and they subsequently hail him as their
emperor once again. In March, Napoleon assembles an army which
England’s Duke of Wellington defeated less than 90 days later at
Waterloo.
Even though the outcome is predetermined, these bankers don’t like to
take any sort of risk, they’re too used to a monopoly. Therefore
Nathan Rothschild sent a trusted courier named Rothworth to Waterloo
where he stayed on the edge of the battlefield. Once the battle was
decided, Rothworth took off for the Channel, and delivered the news of
Wellington’s victory to Nathan Rothschild a full 24 hours before
Wellington’s own courier.
Nathan Rothschild hurried to the London Stock market and stood in his
usual position. All eyes were on him as Rothschild had a legendary
communications network. Rothschild stood there looking forlorn and
suddenly started selling. The other traders believed that this meant
he had heard that Napoleon had won so they all started selling
frantically.
The market subsequently plummeted, soon everyone was selling their
consuls (British Government Bonds), but then Rothschild secretly
started buying them all up through his agents on the floor, for a
fraction of what they were worth only hours before. A lot of these
consuls were able to be converted to Bank of England stock, which is
how Rothschild took over the control of the Bank of England and
therefore the British money supply.
Interestingly, 100 years later, the New York Times ran a story stating
that Nathan Rothschild’s grandson had attempted to secure a court
order to suppress a book with this, what we would call today, “insider
trading,” story in it. The Rothschild family claimed the story was
untrue and libelous, but the court denied the Rothschilds request and
ordered the family to pay all court costs.
Nathan Rothschild openly brags that in his 17 years in England he had
increased his initial £20,000 stake given to him by his father, 2500
times to £50,000,000.
Some people ask, why do bankers want war? Simple, bankers finance both
sides in a war. They do this because war is the biggest debt generator
of them all. A nation will borrow any amount for victory, even though
the banks have already predetermined the outcome. The ultimate loser
is loaned just enough money to hold out a vain hope of victory and the
ultimate winner is given enough to ensure that he does win.
How do the banks ensure they will get all their money back? Easy, such
loans are given on the guarantee that the victor will honor the debts
of the vanquished. Never mind the thousands of troops that give their
lives on the pretext it is for the honor of their respective nations,
when it is actually for the profits of bankers.
In fact, during the period between the founding of the Bank of England
in 1694 and Napoleon’s defeat at Waterloo this year, England had been
at war for 56 years, with much of the remaining time spent preparing
for war. If it’s a good business for bankers’ profits, then why change
it.
1816
The American Congress passes a bill permitting yet another privately
owned central bank. This bank was called the, “Second Bank of the
United States,” and it’s charter was a carbon copy of that of its
predecessor, the First Bank of the United States. The United States
government would once again supposedly own 20% of the shares of the
bank.
Their share was again paid up front into the bank and thanks to
fraudulent fractional reserve lending, this was transformed into loans
to the private investors who once again purchased the remaining 80% of
the shares. Just as before the names of these investors was kept a
secret.
1826
The talley stick is taken out of circulation in England.
1828
After 12 years during which the Second Bank of the United State
ruthlessly manipulated the American economy to the detriment of the
people but to the benefit of their own money grabbing ends, the
American people had unsurprisingly had enough. Opponents of this bank
nominated Senator Andrew Jackson of Tennessee to run for President.
To the dismay of the money changers, Jackson won the Presidency and
made it quite clear he intended to kill this bank at his first
opportunity. He started out during his first term in office, to root
out the banks many minions from government service. To illustrate how
deep this cancer was rooted in government, he fired 2,000 of the
11,000 employees of the Federal Government.
1832
The Second Bank of the United States, ask Congress to pass a renewal
of the bank’s charter, four years early. Congress complied and sent
the bill to President Jackson for signing. President Jackson vetoed
this bill and in his veto message he stated the following,
“It is not our own citizens only who are to receive the bounty of our
Government. More than eight millions of the stock of the Bank are held
by foreigners…Is there no danger to out liberty and independence in
a bank that in its nature has so little to bind it to our country?
Controlling our currency, receiving our public moneys, and holding
thousands of our citizens in dependence …would be more formidable
and dangerous than a military power of the enemy. If government would
confine itself to equal protection, and, as Heaven does its rains,
shower the favor alike on the high and the low, the rich and the poor,
it would be an unqualified blessing.
In the act before me there seems to be wide and unnecessary departure
from these just principles.”
In July, Congress was unable to override President Jackson’s veto.
President Jackson then stood for re-election and for the first time in
American history he took his argument directly to the people by taking
his re-election campaign on the road. His campaign slogan was,
“Jackson And No Bank
Milton Friedman would also state,
“I know of no severe depression, in any country or any time that was
not accompanied by a sharp decline in the stock of money, and equally
of no sharp decline in the stock of money that was not accompanied by
a severe depression.”
1941
Sir Josiah Stamp, director of the Bank of England during the years
1928-1941, made the following statement with regard to banking,
“The modern banking system manufactures money out of nothing. The
process is perhaps the most astounding piece of sleight of hand that
was ever invented. Banking was conceived in iniquity and born in sin.
Bankers own the Earth. Take it away from them, but leave them the
power to create money, and with the flick of the pen they will create
enough money to buy it back again…
Take this great power away from them and all great fortunes like mine
will disappear, and they ought to disappear, for then this would be a
better and happier world to live in. But if you want to continue to be
slaves of the banks and pay the cost of your own slavery, then let
bankers continue to create money and control credit.”
1944
The United States income is running at 183 billion dollars, yet 103
billion dollars is being spent on World War II. This was thirty times
the spending rate during World War I. Actually, it was the American
taxpayer that picked up 55% of the total allied cost of the war.
In Bretton Woods, New Hampshire, the International Monetary Fund
(IMF), and the World Bank (initially called the International Bank for
Reconstruction and Development or IBRD – the name, “World Bank,” was
not actually adopted until 1975), were approved with full United
States participation.
The principal architects of the Bretton Woods system, and hence the
IMF, were Harry Dexter White and John Maynard Keynes. Interestingly
Harry Dexter White who died in 1946, was identified as a Soviet spy
whose code name was, “Jurist,” on October 16, 1950, in an FBI memo.
Also, John Maynard Keynes was a British citizen.
What these two bodies essentially did, was repeat on a world scale
what the National Banking Act of 1864, and the Federal Reserve Act of
1913 had established in the United States. They created a banking
cartel comprising the world’s privately owned central banks, which
gradually assumed the power to dictate credit policies to the banks of
all nations.
In the same way the Federal Reserve Act authorized the creation of a
new national fiat currency called, Federal Reserve Notes, the IMF has
been given the authority to issue a world fiat money called, “Special
Drawing Rights,” or SDR’s. Member nations were subsequently pressured
into making their currencies fully exchangeable for SDR’s.
The IMF is controlled by its board of governors, which are either the
heads of different central banks, or the heads of the various national
treasury departments who are dominated by their central banks. Also,
the voting power in the IMF gives the United States and the United
Kingdom (the Federal Reserve and the Bank of England), effective
control of it.
1945
The second, “League Of Nations,” now renamed the, “United Nations,”
was approved. The bankers, World War II, had been a success this time
as a result of the physical, emotional, and mental exhaustion the
world had felt after yet another World War. This blueprint for world
government would soon have its own international court system as well.
1946
The Bank of England was nationalized, which might seem at first sight
to be a far reaching measure, but actually made little difference in
practice. Yes, the state did acquire all the shares in the Bank of
England, they now belong to the Treasury and are held in trust by the
Treasury Solicitor.
However, the government had no money to pay for the shares, so instead
of receiving money for their shares, the shareholders were issued with
government stocks. Although the state now received the operating
profits of the bank, this was offset by the fact that the government
now had to pay interest on the new stocks it had issued to pay for the
shares.
So, although the Bank of England is now state-owned, the fact is that
the British money supply is once again almost entirely in private
hands, with 97% of it being in the form of interest bearing loans of
one sort or another, created by private commercial banks.
As a result of this, the bank is largely controlled and run by those
from the world of commercial banking and conventional economics. The
members of the Court of Directors, who set policy and oversee its
functions, are drawn almost entirely from the world of banks,
insurance, economists and big business.
Although the Bank of England is called a central bank it is now
essentially a regulatory body that supports and oversees the existing
system. It is sometimes referred to as “the lender of last resort,” in
so far as one of its functions as the bankers’ bank is to support any
bank or financial institution that gets into difficulties and suffers
a run on its liquid assets.
Interestingly, in these circumstances, it is not obliged to disclose
details of any such measures, the reason being so as to avoid a crisis
in confidence.
1950
Every nation involved in World War II greatly multiplied their debt.
Between 1940 and 1950, United States Federal Debt went from 43 billion
dollars to 257 billion dollars, a 598% increase. During that same
period Japanese debt increased by 1,348%, French debt increased by
583%, and Canadian debt increased by 417%.
James Paul Warburg appearing before the Senate on 7th February states,
“We shall have World Government, whether or not we like it. The only
question is whether World Government will be achieved by conquest or
consent.”
This is when the central bankers got to work on their plan for global
government which started with a three step plan to centralize the
economic systems of the entire world. These steps were:
Central Bank domination of national economies worldwide.
Centralized regional economies through super states such as the
European Union, and regional trade unions such as NAFTA.
Centralize the World Economy through a World Central Bank, a world
money, and ending national independence through the abolition of all
tariffs by treaties like GATT.
1953
President Eisenhower orders an audit of Fort Knox. Fort Knox is found
to contain over 700 million ounces of gold, 70% of all the gold in the
world. Although Federal Law requires an annual physical audit of Fort
Knox’s gold, it is under Eisenhower’s presidency that the last audit
is carried out, for reasons that will soon become clear.
1963
President Kennedy issues dollar bills carrying a red seal, and called
United States Note. A lot of people believe he was already printing
his own debt free money and that is why he was killed, in much the
same way as President Lincoln. However, these United States Notes
carrying the red seal were merely a reissue of the Greenbacks
introduced by President Lincoln.
What could have been motive though, is that on June 4, President
Kennedy signed Executive Order No. 11110 that returned to the United
States government the power to issue currency, without going through
the Federal Reserve. This order gave the Treasury the power to issue
silver certificates against any silver bullion, silver, or standard
silver dollars in the Treasury. This meant that for every ounce of
silver in the United States Treasury’s vault, the government could
introduce new debt free money into circulation.
1967
Congressman Wright Patman, then the Chairman Of The House Banking And
Currency Committee, stated in Congress,
“In the United States today, we have in effect two governments…We
have the duly constituted government…Then we have an independent,
uncontrolled and uncoordinated government in the Federal Reserve
System, operating the money powers which are reserved to Congress by
the Constitution.”
1969
Congress approves laws authorizing the Federal Reserve to accept the
IMF’s, “SDR’s,” as reserves in the United States and to issue Federal
Reserve Notes in exchange for SDR’s.
1971
All the pure gold had been secretly moved from Fort Knox, sold to
international money changers for the $35 per ounce price, and is
believed to now be kept in London. This is also when President Nixon
repeals Roosevelt’s Gold Reserve Act of 1934, allowing Americans to
once again buy gold. As a result of this gold prices began to soar. In
fact, 9 years later, in 1980 gold sold for $880 per ounce, a
staggering 25 times what the gold in Fort Knox was sold to the
international bankers for.
1974
A New York periodical publishes an article claiming that the
Rockefeller family were manipulating the Federal Reserve for the
purpose of selling off Fort Knox gold at bargain basement prices to
anonymous European speculators. 3 days after the publication of this
story, its anonymous source, long time secretary to Nelson
Rockefeller, Louise Auchincloss Boyer, mysteriously fell to her death
from the window of her ten storey apartment block in New York.
1975
Edith Roosevelt, the grand-daughter of President Theodore Roosevelt
questioned the actions of the government in a March 1975 edition of
the New Hampshire Sunday News, in which she stated,
“Allegations of missing gold from our Fort Knox vaults are being
widely discussed in European financial circles. But what is puzzling
is that the Administration is not hastening to demonstrate
conclusively that there is no cause for concern over our gold
treasure, if indeed it is in a position to do so.”
The United States government still did not undertake an audit of the
gold in Fort Knox to quell this speculation.
1981
When President Ronald Reagan took office, his conservative friends
suggested to him that he return to a gold standard, as a means to
curbing government spending. President Reagan was on board with this
idea and so he appointed a group of men called the, “Gold Commission,”
to undertake a feasibility study and report their findings back to
Congress.
1982
President Reagan’s, “Gold Commission,” reports back to Congress and
makes the following shocking statement concerning gold,
“The U. S. Treasury owned no gold at all. All the gold that was left
in Fort Knox was now owned by the Federal Reserve, a group of private
bankers, as collateral against the National Debt.”
1983
In order that Ecuador’s government be allowed a loan of 1.5 billion
dollars from the IMF, they were forced to take over the unpaid private
debts Ecuador’s elite owed to private banks. Furthermore in order to
ensure Ecuador could pay back this loan, the IMF dictated price hikes
in electricity and other utilities. When that didn’t give the IMF
enough cash they ordered Ecuador to sack 120,000 workers.
Ecuador were required to do a variety of things under a timetable
imposed by the IMF. These included: raising the price of cooking gas
by 80% by November 1 2000; transferring the ownership of its biggest
water system to foreign operators; granting British Petroleum the
rights to build and own an oil pipeline over the Andes; and
eliminating the jobs of more workers and reducing the wages of those
remaining by 50%.
1985
In order to illustrate that the great majority of money is not even
printed these days, please see the following speech by the late Lord
Beswick which appeared in HANSARD, 27th November 1985, vol. 468,
columns 935-939, under the title, “Money Supply and the Private
Banking System,” which states,
“Lord Beswick rose to call attention to the statement made by the
Chancellor of the Duchy of Lancaster on 23rd July 1985 that the 96.9
per cent increase in money supply over a five-year period has been
created by the private banking system and without Government
authority….
The noble Lord said, ‘My Lords, on 10th June this year I asked Her
Majesty’s Government by what amount the money supply had increased in
the five-year period to mid-April 1985. Interestingly, they gave me
the answer in percentages and not in pounds. Having given him prior
notice, perhaps the Minister would be good enough later to give me the
answer in money terms.
The Government reply on 10th June was that the increase had been by
101.9 per cent, and that of that very large amount only 5 per cent was
accounted for by the state minting of more coins and the printing of
more notes. That 96.9 per cent increase represented not only an
enormous sum of money but also a crucially important factor in our
economy.
I wanted to know by whom it had been created, and on 23rd July I again
asked Her Majesty’s Government to what extent this increase had
Government approval. I was told by the Chancellor of the Duchy,
speaking for the Government, ‘The 96.9 percent represented new bank
deposits created in the normal course of banking business and no
Government authority is necessary for this.’
Had he said that some counterfeiter of coins or forger of notes had
been at work there would of course have been an immediate and
indignant outcry, yet here we have a government statement that private
institutions have created this enormous amount of extra purchasing
power and we are expected to accept that it is normal practice and
that the government authority does not come into it.
When I asked whether we ought not to consider more deeply who was
benefiting from this money-creating power, the Minister said that the
implications, though interesting, were maybe too far reaching for
Question Time, and so I raise the matter again in debate and hope to
get more enlightenment.
The issues are important, they are certainly under-discussed, perhaps
not adequately understood, and I hope that I am not being unduly
unfair if I say that those who understand the mechanisms often do very
well out of them. I make no party point; it is all much bigger and
wider than that.”
Notice how the Chancellor of the Duchy gave the game away when he said
that no government authority was needed for this present system of
credit creating.
1987
Edmond de Rothschild creates the World Conservation Bank which is
designed to transfer debts from third world countries to this bank and
in return those countries would give land to this bank. This is
designed so the Rothschilds can gain control of the third world which
represents 30% of the land surface of the Earth.
1988
The three arms of the World Central Bank, the World Bank, the BIS and
the IMF, now generally referred to as the World Central Bank, through
their BIS arm, require the world’s bankers to raise their capital and
reserves to 8% of their liabilities by 1992. This increased capital
requirement put an upper limit on fractional reserve lending.
To raise the money, the world’s bankers had to sell stocks which
depressed their individual stock markets and began depressions in
those countries. For example in Japan, one of the countries with the
lowest capital in reserve, the value of its stock market crashed by
50%, and its commercial real estate crashed by 60%, within two years.
The idea is for the IMF to create more and more SDR’s backed by
nothing, in order for struggling nations to borrow them. These nations
will then gradually come under the control of the IMF as they struggle
to pay the interest, and have to borrow more and more. The IMF will
then decide which nations can borrow more and which will starve. They
can also use this as leverage to take state owned assets like
utilities as payment against the debt until they eventually own the
nation states.
1991
At the Bilderberg Conference on June 6 to 9, in Baden-Baden, Germany,
David Rockefeller made the following statement,
“We are grateful to the Washington Post, the New York Times, Time
Magazine, and other great publications whose directors have attended
our meetings and respected their promises of discretion for almost 40
years. It would have been impossible for us to develop our plan for
the world, if we had been subjected to the lights of publicity during
those years.
But the world is now more sophisticated and prepared to march towards
a world government. The super-national sovereignty of an intellectual
elite and world bankers is surely preferable to the national
auto-determination practiced in past centuries.”
Note: Click here for a Microsoft Excel spreadsheet with a list of
people at the Bilderberg Conferences.
1992
The third world debtor nations who had borrowed from the World Bank,
pay 198 million dollars more to the central banks of the developed
nations for World Bank funded purposes than they receive from the
World Bank. This only goes to increase their permanent debt in
exchange for temporary relief from poverty which is caused by the
payments on prior loans, the repayments of which already exceed the
amount of the new loans.
This year Africa’s external debt had reached 290 billion dollars,
which is two and a half times greater than its level in 1980, which
has resulted in deterioration of schools, deterioration of housing,
sky-rocketing infant mortality rates, a drastic downturn in the
general health of the people, and mass unemployment.
The Washington Times reports that Russian President, Boris Yeltsin,
was upset that most of the incoming foreign aid was being siphoned
off, and he stated,
“Straight back into the coffers of Western Banks in debt service.”
This year American taxpayers pay the Federal Reserve 286 billion
dollars in interest on debt the Federal Reserve purchased by printing
money virtually cost free.
1994
The Regal Act is introduced in the United States to authorize the
replacement of President Lincoln’s Greenbacks with debt based notes.
They had lasted for 132 years.
1996
Ever wondered why all the world’s production seems to be moving to
China? In a report entitled, “China’s Economy Toward the 21st
Century,” released this year, it predicts that the per capita income
in China in 2010, will be approximately 735 dollars. This is less than
30 dollars higher than the World Bank definition of a low income
country.
1997
Less than two months before Tony Blair came to power in England,
another interesting entry can be found in HANSARD, 5th March 1997,
volume 578, No. 68, columns 1869-1871, in which the Earl of Caithness
is recorded as having stated,
“The next government must grasp the nettle, accept their
responsibility for controlling the money supply and change from our
debt-based monetary system. My Lords, will they? If they do not, our
monetary system will break us and the sorry legacy we are already
leaving our children will be a disaster.”
On 6 May, only four days after Tony Blair’s election as Prime
Minister, his Chancellor of the Exchequer, Gordon Brown, announces he
is going to give full independence from political control to the Bank
of England.
In his 1997 book, The Grand Chessboard, Zbigniew Brzezinski reveals
that Germany is the largest shareholder in the World Bank. When you
bear in mind that bankers of the Rothschild bloodline were said to own
Germany, “lock, stock and barrel,” at the end of World War I, it is
not difficult to see who controls the World Bank now.
1998
The IMF eliminate food and fuel subsidies for the poor in Indonesia.
At the same time the IMF soaked up tens of billions of dollars to save
Indonesia’s financiers or rather the international banks from whom
they had borrowed.
A document leaks out of the World Bank, called, “Master Plan for
Brazil.” In it it spells out five requirements to ensure a flexible
public sector workforce. These are as follows:
Reduce Salary/Benefits
Reduce Pensions
Increase Work Hours
Reduce Job Stability
Reduce Employment
1999
In Brazil, Rio’s privatized electric company named, “Rio Light,” is
responsible for repeated blackouts in neighborhoods. The company
blames the weather in the Pacific Ocean for the blackouts, when Rio is
on the Atlantic. The blackouts wouldn’t have anything to do with the
fact that after privatization Rio Light axed 40% of the company’s
workforce would it? No problem for Rio Light, as a result of that
their share price went up 33%.
2000
The IMF require Argentina to cut the government budget deficit from
its current $5.3 billion to $4.1 billion the following year, 2001. At
that point unemployment was running at 20% of the working population.
They then upped the ante and demanded an elimination of the deficit.
The IMF had some ideas of how this could be achieved. Cut the
government’s emergency employment program from $200 a month to $160 a
month.
They also asked for an across the board 12 – 15% cut in salaries for
civil servants and the cutting of pensions to the elderly by 13%. By
December of 2001, middle class Argentineans sick of literally hunting
the streets for garbage to eat, started burning down Buenos Aires. In
January Argentina devalued the Peso wiping out the value of many
common people’s savings accounts. Dismayed that they can’t rape that
country further, James Wolfensohn, President of the World Bank,
states,
“Almost all major utilities have been privatized.”
How do they control the unrest within the population? Let me see, an
Argentinean bus driver, a thirty seven year old father of five, lost
his job as a bus driver from a company that owed him 9 months pay.
During a demonstration against this and other injustices perpetrated
upon him and the population, the military police shot him dead with a
bullet through the head.
In Tanzania with approximately 1.3 million people dying of AIDS, the
World Bank and the IMF decided to require Tanzania to charge for what
were previously free hospital appointments. They also ordered Tanzania
to charge school fees for their previously free education system then
expressed surprise when school enrolment dropped from 80% to 66%.
The IMF and World Bank have been in charge of Tanzania’s economy since
1985 during which time Tanzania’s GDP dropped from $309 to $210 per
capita, standards of literacy fell and the rate of abject poverty
increased to envelop 51% of the population.When the IMF and World Bank
took charge in 1985, Tanzania was a socialist nation. In June 2000 the
World Bank reported arrogantly,
“One legacy of socialism is that most people continue to believe the
State has a fundamental role in promoting development and providing
social services.”
There is rioting in Bolivia after the World Bank drastically increase
the price of water. The World Bank claim this is necessary to provide
for desperately needed repairs and expansion. This is poppycock, my
own water supplier is Wessex Water, a privatized water company that
was actually owned by Enron! Since privatization (England was the
first country to privatize the public water supply), the quality
dropped and the prices exploded.
Almost all privatized water companies in Britain have consistently
failed to meet government targets on leakages.
2001
Professor Joseph Stiglitz, former Chief Economist of the World Bank,
and former Chairman of President Clinton’s Council of Economic
Advisers, goes public over the World Bank’s, “Four Step Strategy,”
which is designed to enslave nations to the bankers. I summarize this
below,
Step One: Privatization.
This is actually where national leaders are offered 10% commissions to
their secret Swiss bank accounts in exchange for them trimming a few
billion dollars off the sale price of national assets. Bribery and
corruption, pure and simple.
Step Two: Capital Market Liberalization.
This is the repealing any laws that taxes money going over its
borders. Stiglitz calls this the, “hot money,” cycle. Initially cash
comes in from abroad to speculate in real estate and currency, then
when the economy in that country starts to look promising, this
outside wealth is pulled straight out again, causing the economy to
collapse.
The nation then requires IMF help and the IMF provides it under the
pretext that they raise interest rates anywhere from 30% to 80%. This
happened in Indonesia and Brazil, also in other Asian and Latin
American nations. These higher interest rates consequently impoverish
a country, demolishing property values, savaging industrial production
and draining national treasuries.
Step Three: Market Based Pricing.
This is where the prices of food, water and domestic gas are raised
which predictably leads to social unrest in the respective nation, now
more commonly referred to as, “IMF Riots.” These riots cause the
flight of capital and government bankruptcies. This benefits the
foreign corporations as the nations remaining assets can be purchased
at rock bottom prices.
Step Four: Free Trade.
This is where international corporations burst into Asia, Latin
America and Africa, whilst at the same time Europe and America
barricade their own markets against third world agriculture. They also
impose extortionate tariffs which these countries have to pay for
branded pharmaceuticals, causing soaring rates in death and disease
There are a lot of losers in this system, but a few winners – bankers.
In fact the IMF and World Bank have made the sale of electricity,
water, telephone and gas systems a condition of loans to every
developing nation. This is estimated at 4 trillion dollars of publicly
owned assets.
In September of this year, Professor Joseph Stiglitz is awarded the
Nobel Prize in economics.
2002
On April 12th every major paper in the USA runs a story that
Venezuelan President Hugo Chavez had resigned as he was, “unpopular
and dictatorial.” In fact he had been kidnapped under a coup, where he
was imprisoned on an army base. Following sympathy from the guards,
the coup falls apart and President Chavez is back in his office one
day later. Interestingly he has video evidence that whilst he was
imprisoned on that base a United States military attaché entered the
base.
President Chavez, demonized by the controlled western media, gives
milk and housing to the poor, and gives land not used for production
by big plantation owners for more than two years, to those without
land. His big crime however, was in passing a petroleum law that
doubled the royalty taxes from 16% to 30% on new oil discoveries,
which affected Exxon Mobil and other international oil operators.
He also took full control of the state oil company, PDVSA, which
before was nominally owned by the government, but in actual fact was
in thrall to these international oil operators. Not only that but
President Chavez is also the President of OPEC (Organization of
Petroleum Exporting Countries). The main reason is, however, that
President Chavez fully rejects the World Bank’s, “Four Step Strategy,”
and plan to reduce wages of the people for the benefit of the bankers.
Indeed President Chavez has increased the minimum wage by 20%, which
has increased the purchasing power of the lower paid workers and
strengthened the economy. His minister, Miguel Bustamante Madriz,
fully aware of the danger Venezuela poses to the bankers when people
contrast the fact it wouldn’t let them in, for example, with Argentina
who did, stated,
“America can’t let us stay in power. We are an exception to the new
globalization order. If we succeed, we are an example to all the
Americas.”
2006
America and Britain is now at war in both Afghanistan and Iraq, and
looking toward an invasion of Iran. As I mentioned before the greatest
debt generator of them all is war. This has pushed America to the
brink of financial collapse. This timeline is intended as a record of
the past, but before you look at the conclusions, you may like to look
at one person’s prediction for the near future in this mind-blowing
article.
Conclusions
In my research, I have discovered those critics who currently condemn
the monetary system almost universally suggest that the only solution
is to restore a gold backed currency. I don’t think any readers of
this timeline can be in any doubt, that such a system will be open to
abuse by those very people who abuse it today. Indeed if we introduced
a currency backed by chairs, I believe we would find ourselves with
nothing to sit on!
The only monetary system that seems to have worked in history is one
which is backed by the goodwill of a government and is debt free, such
as President Lincoln’s, “Greenbacks.” Fortunately, the Nobel Peace
Prize winning economist, Milton Friedman came up with an ingenious
solution of wresting back control of the money supply from the
bankers, paying off all outstanding debt, and preventing inflation or
deflation whilst this process is completed. I summarize this below.
Using America as the example here, Friedman suggests that debt free
United States notes be issued to pay off the United States Bonds
(debts) on the open market. In conjunction with this, the reserve
requirements of the day to day bank the regular person banks with, be
proportionally raised so the mount of money in circulation remains
constant.
As those people holding bonds are paid off in United States notes,
they will deposit the money in the bank they bank with, thus making
available the currency then needed by these banks to increase their
reserves. Once all these United States bonds are paid off with United
States notes, the banks will be at 100% reserve banking instead of the
fractional reserve system and then fractional reserve banking can be
outlawed.
If necessary, the remaining liabilities of financial institutions
could be assumed or acquired by the United States government in a
one-off operation. Therefore these institutions would eventually be
paid off with United States notes for the purpose of keeping the total
money supply stable.
The Federal Reserve Act of 1913 and the National Banking Act of 1864
must also be repealed and all monetary power transferred back to the
Treasury Department. The effects of this will be seen very soon by the
average person as their taxes would start to go down as they would no
longer be paying interest on debt based money to a handful of central
bankers.
A law must be passed to ensure that no banker or any person in any way
affiliated with financial institutions, be allowed to regulate
banking. Also the United States must withdraw from all international
debt based central banking operations ie. the IMF; the BIS; and the
World Bank.
If all the countries of the world adopted the conclusions above, then
humanity will at last be free of these central bankers and their debt
based currency. It’s a lovely idea, but first we have to get it past
our corrupt politicians many of whom are quite aware of the scam that
plays us on a daily basis, however rather than do the job w
So how about quitting this fantasy – land - Mickey Mouse approach, and moving to evidence – based approaches, such as metal based systems and/or Iceland model?
Iceland has got it right! I’m surprised that TPTB (banksters) haven’t tried to “suicide” Iceland’s President Olafur Ragnar Grimsson yet!!!
No doubt if they thought that would work they would do it. Unfortunately for them, another person just like him would then take up the office and nothing would be different than it is now except that they would have incurred the additional risk of committing another crime.
Well, that fellow raised a rather intriguing aspect of this kerfuffle that hadn’t occured to me at all. The numbers of people demonstrating high quality intellectual and technical innovation drained from the productive sector IS a damage to social advancement. And, for what? To ‘engineer’ financing of essentially illusions for investment that is doomed to failure despite the appearances concocted.
Never mind that, Pat, it is the FEES that they get for all this concoction that matters!
IMO, the sheer size of the banking sector is what is contributing to making the economy so wobbly. The banking sector used to be about 1/4 the size it is now. We are quite literally over-banked. Maybe this would be a good time for about 3/4 of them to bite the dust?
Common people stop beleiving lying politics, he is lying go read this http://studiotendra.com/2012/12/29/what-is-actually-going-on-in-iceland/
Great follow up link to this story. Let the TRUTH be known. Thanks, abarai72french
Saw this today in comments to a B4IN story….I save these nuggets. For your perusal
Great connection. Thanks. I find that the fact that the Sandy and Aurora shootings, had both fathers set to testify for the Libor scandal which ties to the Crown; a valid connection. Elizabeth’s Coven name is “Lilith” and the specific sacrifice is children for both pedophilia and human sacrifice. This is where the Savile pedophile case ties in. These crimes are all from the same source. The Covens of Azazel, the Papal, Royal & Federal whom are incorporated. This is the origin of “Mafia” and terms like “Made Men”, “Blood In, Blood Out.” “Azazel” was the first Coven name of Alexander. By Sumerian law passed to Hebrew Law, all priest kings must have a Title Name, a Common Name, and a Coven Name for EACH Coven they created. When they got promoted their names again changed to reflect the promotion; ie ‘Saul’ became ‘Paul’.
When the CEO at CNN posted the Spire law firms list of involved parties, the very next day his 2 & 6 year had their throats cut, and the nanny’s life was left hanging in the balance. Everything was covered up from that point on.
Then you had the School shootings which tie to Libor.
Rockefeller who owns ‘Chase’ Bank, has the Coven Sigil of the “Melchizedek Order of Lilith”. They have created falsified records of debt. That is what the ’42′ trillion is about. With out a long explanation, they altered the security and financial records which show the people are the ‘creditor’; and changed that title to ‘debtor’ by making the people Surety for the very Debt that was OWED to the people. By accounting terms, their “profit” is a Debt owed to each and every individual and all of this was covered under the Charter and Security Agreements as part of the ‘Benefits’ packages. We agreed they could use our money/security, all of which allowed them to ‘incur debt’ to do business as an incorporated entity, public utility, etc. They closed this off to the people but allow an inside group, the incorporation, to all use that system to gain their profit. Then they again, charge cash to the individual who has no idea that the corporation has already received its profit, the accounts have now been closed from view of the bona fide account holder who’s name is on the account. This is what 5 years of tracing the instruments from different incorporated entities all show. In accounting terms this creates (every ‘profit’ they take) a DOUBLE entry on the National Ledgers, on the “Debt” side of the ledger. This allows them to claim they need to levy a Higher Tax and then ‘raise’ the ‘debt ceiling’; and this thereby allows them to essentially write INCREASINGLY larger and larger checks to themselves. Besides being called Covet means, this is technically called a ‘COMPANY STORE SYSTEM’. Look at the “147″ Corporations that control the global network, and you will see what has been done. It can ONLY be run by increasing ‘debt’ which is their Corporate profit. And this has now reached critical tipping point.
It was in Commerce history that “Selene” (Elizabeth 1) Created COMMERCE, CORPORATIONS, the Money System, Banking, the 5 day work week (for the corporation) where all ‘Fruits of our Labors’ (i.e. Fuel, Food, Commodities, Goods) where Taxed and Seized by Force of Law; as a Specific Slavery System. And for that she was rewarded and Promoted, and her name was changed to reflect that, by Hebrew Law.”
Our original system, that was removed by the Rothschild ‘Act’ called the “BILLS of EXCHANGE ACT” and Selene’s Legislated Commodity (gold) Money, was called Acceptance for Value.
We believed that each individual would at sometime within their lives, do something within the Society that would be of benefit to the Society. So we extended credit to each other and we freely exchanged our merchandises, foods, etc. based on the principle that your “word was a good as gold”. We didn’t ask ‘what do you do for a living’ to children who went to get food from the corner store. We would have thought it inhumane to with hold food from a starving child when it was sitting right on the shelf.
And when we went to get materials, tractors, for our work and things like food for ourselves; we were also extended that same credit. We are the ‘Value’; as Human Beings we are the sole source of all Labor which provides the credit, and all the goods and services we extend to the ‘public’, which is each other. Each individual is a part of the Society as a whole.
The ban on guns is more than just a play on trigger points to start a civil war. They pull our defenses back from the Gulf on the 15th, and then ban guns in the UN on the 18th. Add to that, the Military told the Congress they took orders from the UN; and the fact that Obama is removing any officer who will not fire on Americans and replacing them with those that will. Any string they can pull to distract from whatever Elizabeth and the Covens are really up to. The Papal, had an emergency Bilderberg meet in Italy, and the who’s who list were primarily the Italian government. Then he announced he was ready to chip his ‘Faithful Lay’ priests; followed by an announcement the Vatican would no longer accept ‘cards’, only cash at the Vatican. This is part of Covet Means, when they finish phase 1 of extracting a Nation; they move to charging only cash and this extracts the last of the cash reserves in the population. This is to deliberately collapse the society. It allows them to refuse necessary to life services (ie electricity in heat or cold) and goods, foods, etc. under the corporate Commerce claim of “no profit received’; after all the records are closed, and you can not prove it. Then they claim mass ‘forfeiture’ and seize allodial lands and property they ‘Covet’ by Force of Law. This is why they claimed to ‘own’ all land by Conquest. “NWO” is ‘own’.
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Olafur Ragnar Grimsson for US President! He gets my vote!!!!!!!!!!!!!! Why can’t he be president? We currently have a Kenyan Spear-chucker in the White House.
Talking about Platinum for a moment. There is a lot of hype especially by Rick Rule / Sprott that Platinum is going to skyrocket! Really? How does one figure that as Platinum is the high use metal for catalytic converters in automobiles?
So if world economies are failing, who in the Heck would think that people would be buying and overload of automobile production? Idon’t really consider that The U S Treasury would even fathom building a one Trillion dollar Platinum coin. The sumbitch would cover a football field. Okay, YOU in the second row with your hand up…explain!
Ranger Roger that on Jesus Christ The story you posted is a great read. I’m printing it to give it closer attention
Re— Icelandic women. Watch out cruising those websites like IcelandGILFs. com The icebergs aren’t the only things that melted. Makes me go all Beowolf and shit
Stay frosty
AG,
Sorry that it was cut off at the end, hoping by posting most of the long, long article would draw some attention.
Try this instead: http://www.iamthewitness.com/DarylBradfordSmith_Bankers.htm
President Kennedy most likely was assaainated because of the Fed.
Best Regards,
Ranger
I saw that here recently
rumormillnews.com
Ranger One of the best things about the SD site is anyone can post long copy and bring links of good stuff.
I’ll review the B Smith Bankers post too. After a lot of study and thinking, its pretty clear that either the CIA, Castro or both had front line work on his asassination. There is a book just out, bio of Castro. forgot the name of author or mole who disclosed some good info. It was a review in National Spectator. In this book there was this mole manning a big ears site in Cuba. He was instructed to turn his antenna from FLA to Texas a couple of hours before JFK was shot. He was instructed to direct his listening post to Texas, Dallas specifically. Castro know something was going down. Oswald was frantic to get a visa to Cuba in early-mid 1963. The Embassy official in Mexico noted this. It was clear that Osward was someone worth watching. Cuban intel was on the ground in Texas, observing his movements via the Russian expat community. Oswald’s wife, Russian bride, was not happy with Lee Harvey he was a wife beater. this did not go unnoticed
CIA head hated JFK. So did many higher ups who did not trust or respect this newbie shoved up the line by his daddy Joseph K. JFK was a real danger to the status quo in the US but more importantly. he pissed off Castro with the Bay of Pigs, a loss of face with the missile crisis and asassination attempts directed to Castro. The poisoned cigar comes to mind. JFK made lots of enemies. Castro was noted for reaching out to kill enemies. Somosa was one. Castro was also connected back channel to the CIA. CIA always likes to keep in touch with their SOBs. Useful when needed. JFK was an embarrasment to all concerned in the elite. He had to go.
Ford and Reagan were also interesting in the attempts made on their lives. The failed attempts were cluster-bleeps but I am guessing they got the message across. POTUS, you can be got to
Ford’s VP? Rockefeller, Nelson. Reagan’s VP Bush, George Sr. You just can’t make this up.
Monkey Boy Baby Bush was just a continuation of the tribal dynasty that include Bush II, Clinton, Bush JR and that kind of white, kind of black poseur we got in the WH now. Go back a few generations and all these bastards share relatives.
20 years under the same rule. I guess the elite are almost 5 for 5. IMO Reagan was an outlier but he was an actor who could be trusted to give his entire focus on destroying Communism. Chasing commies was squirrel politics.
Just a ploy, however, since iMarxism resurfaced as NWO, BHO, Agenda 21 and pretty much anything that attached to Global Governance and Climate Change. Keep your guns and ammo close at hand.
I suspect bankers lifespans are going to be shortened if the system fails, maybe even if it doesn’t. Time to march and take back this country from wall street.
@abarai72french: Thanks for giving me the opening with that link to say the whole Iceland drama is Hegelian theater. A minor version of how we used to be called the land of the free and home of the brave, which was also BS. Does anybody really believe that any country can do what it wants, given the stranglehold the planetary parasites have? If you dig just a little into the backgrounds of the various Icelandic players, you’ll see the usual histories and connections.
Aloha Doc. Do I Brought This Video To The Table Yesterday On the Bill Murphy Video..Even A Comment By One Of Your Loyal Readers. May, I receive some points for bringing this to the SD?