Last week I did an extensive interview with Plane (Paul) from the Plane Truth. The Plane Truth has had a number of highly worthwhile guests on, including recently David Livingstone.
It was a bit of a wild ride, because we had plenty of time, 100 minutes, enabling us to cover a great deal of the issues under discussion here at Real Currencies and in the Alternative Media in general:
– The bankers
– The Capitalist Monopoly
– The Jewish Question
– Austrianism and Libertarianism
– Alternative Currencies
– Putin and Russia
– National Monetary Reform
– And much more.
And here is the final installment of the interviews with Morris the great cognitive dissonance of the Alternative Media: everybody is talking about the Bankers, nobody is talking about economics and monetary reform. We also recapitulate the conclusions of Hitler’s finances.
(Above/Left: For the time being, China still allows Putin the center position.)
Far from being ‘the end of the NWO’, the ongoing decline and coming collapse of the US Empire and its Petrodollar are the Money Power’s key goal in her age old drive to World Government. The BRICS Bank is a purely Globalist institution that paves the way for a new Currency Order after the Petrodollar has been done away with.
The endless chatter in the Alternative Media about Putin and Russia ‘fighting the New World Order’ looks a little hopeless at times. It’s not that Putin does not seem to be a fairly reasonable chap for a politician and ‘world leader’. Clearly he has the moral high ground in the sense that US/Zionist Imperialism in the Middle East and the ghoulish coup and provocations in the Ukraine are obviously purely criminal and Russia is defending legitimate interests.
But the ongoing equation of the New World Order with the US Empire is the sand in our eyes: the reality is that the US as the hegemon is dead. Why do people believe the New World Order would be interested in the United States after decades of horrendous domestic policies that have destroyed the health of the population with GMO and Big Pharma? After letting its once world class infrastructure crumble away before our very eyes? After outsourcing its manufacturing base to China, its supposed ‘strategic rival’? Do people think the Bankers are stupid? That they don’t know how to run a country properly? That they would destroy the goose laying the golden eggs without a plan?
The United States has been eaten from within and its bloated military and overvalued Petrodollar are the only things keeping its emaciated corpse still looking somewhat frightening. But both are totally overextended and antiquated and will without any doubt meet their doom within the foreseeable future.
The debate is far too much about people. Barack Obama golfing while the heroic Putin is doing so much good. This is not the kind of analysis that is very troubling for the Bankers. We need to focus on the larger picture. The who behind the scenes, instead of the puppets in the limelight. And, even much more important, understanding their strategies, their methodology, their main gun being Banking, institutionalized Usury.
Obviously a usurious BRICS Bank, that will undoubtedly be ready for a key role for Gold once the Petrodollar is resetted out of existence, is not in any way ‘threatening’ to the Globalist Bankers on their road to World Currency. No, it’s just the next step in an age old plan.
The Money Power
The Money Power is the group of age old Banking Families that rule the world from behind the scenes. They are the Princes and High Priests of Mammon’s Empire. Jewish Trillionaires are at its core, but many old European ‘noble’ families are also very highly placed.
God only knows where they came from or where they learned their tortuous tricks. Perhaps the old God Kings that used to rule the planet before the Great Flood put us back into the stone age left a copy of their handbook in Babylon, where the Jewish Pharisees and Money Changers and some others seem to have learned the trade.
The core of their Empire is the Capitalist Monopoly: all the major banks own each other, and are ultimately owned by said families. Not only that, they also own 80% of all Transnationals, plus associated patents: their technology is undoubtedly very advanced. They also control most land and related resources.
They have built this Empire through Usury: compound interest makes it inevitable that the very richest own everything within generations.
Not only do they own everything, they also own everybody. We are totally enslaved through Usury, taxation and artificial scarcity.
Our chains are invisible. Usury is the main issue and it’s invisible because most of what we lose to it is in the prices we pay for normal day to day goods and services: producers incur costs for capital during production and must pass these costs on to the consumer. These costs compound in the supply chain and it transpires that about 40% of prices we pay are Usury passed on to us.
Not only that, the State is also owned by the Plutocracy. Always has been: there is no precedent in history of a State that was not outright controlled by the Powers that Be behind the scenes. This is very important to understand, because it is quite common to look at the State for salvation against Plutocracy. But the State has, besides Usury, always been their main method of control! As the Protocols put it: “In the beginnings of the structure of society they were subjected to brutal and blind force; afterwards — to Law, which is the same force, only disguised.”
Taxation is up to 50% Usury passed on to the taxpayer, what remains is directly controlled by the Plutocracy also through its asset, the State.
The Transnational Cartel (Oil, Automotive Industry, Telecom, Big Pharma, etc) operates through monopoly and artificial scarcity. In a healthy economy, mass production crushes prices, but the Cartel keeps prices inflated by buying up or crushing all competition. Through inflated prices, they suck away most of what remains of our life force after we have paid all the Usury and taxation.
This is what looks so desperate about people worrying about the coming New World Order. It’s not a ‘new’ world order, it’s a very old world order, that is just externalizing the Hierarchy in World Government: we are already totally, utterly, completely enslaved.
Oil and the rise of Russia, Iran and China
It’s well known that Empire has traditionally built up ‘enemies’. Either to crush them, or because they are needed for dialectical struggles that can be exploited. The Money Power is a global Empire, that has the nations battle it out amongst each other. Warring is profitable, it traumatizes people so they are more easily controlled and ritual sacrifice is pleasing to their ‘god’.
A good example was Saddam Hussein, who they provided with know how and arms, so he could offer a good excuse for invading the Middle East. Enemy du jour is ISIS, which is well known to have been built up from scratch by the US through its Saudi Arabia and Gulf State proxies. Now that it is strong enough, they can start fighting it. The real war is of course against the peoples of Iraq and Syria, but a bogey man is needed to hide the resource grabs behind it all.
The same has been going on with the Sino-Russian axis and Iran.
China has been built up by handing it the Money Power’s manufacturing base. This is a disaster for both the US Empire and the American people. Two wholly different entities, mortal enemies, although the gullible masses tend to enjoy the ego aggrandizement associated with being part of a big Empire, overlooking that this comes at the price of subjugation.
Is Washington stupid? Does it not know that its power was built on the thrift of its people? Of course they’re not stupid. Washington is a tool of another power, that’s why this is happening.
Russia is a different story: it has long been controlled through its dependence on Oil exports.
In the eighties Reagan started an arms race against the Soviet Union and he has been credited for bringing down that ‘evil Empire’. The real story, however, was that the Money Power institution that actually rules America (the Federal Reserve Bank and its owners), crashed Oil prices by restoring the Dollar, that had been inflating badly in the seventies. This was the key reason that the Soviet economy finally crumbled and could no longer maintain a ‘threatening’ facade.
In the nineties, when the Money Power was plundering the ex-Soviet economy through its Jewish Oligarch proxies, Oil prices remained very low and Russia on its knees.
Then in the early 2000’s, just after Putin came to power, they started raising Oil prices again, both by US military adventurism in the Middle East and by massive speculation by Wall Street. The Money Power controls all major resources and can halve, double or quadruple all prices at a moment’s notice. Oil prices actually went up tenfold: at its peak it stood at about $150 for a barrel, up from $15 only a few years earlier.
These insane (and totally unnecessary) prices have provided Russia with an enormous windfall. Russia? Well, the Russian State and the Oligarchs, Putin included, anyway. The common man saw little of it and wealth inequality in Russia is at US levels.
The Russian State under Putin used the money to pay off the National Debt and particularly to reinvigorate the Russian military. The same can be said of Iran, which has been heavily investing in its military, which would have been impossible without the massive Oil boom.
All this is absolutely totally typical of long term Money Power scenario based planning.
While Russia is obviously in much better shape than when he came to power, Putin has rebuilt Russia into neo-fascism.
Fascism is a form of Government with a strong State, intimately cooperating with Big Business. Marxism, on the other hand, is a strong State with nationalized industry. Both systems are highly amenable to the Money Power. They have used both modes routinely and it is quite close to what they have planned for their Global Kingdom.
Today’s fascism has not the brutal face of National Socialism, let alone Stalinism, it’s somewhat softer. Russia holds regular elections for instance, which, as we know, would be immediately outlawed if they made any difference. But there is no need for any illusions about the risks of crossing Putin or the System/Plutocracy he represents. The Russian media, the banks and the economy at large are totally controlled by the global puppeteers.
The Russian State needs the current mayhem as much as the US and the West do: States are antithetical to both Spirit and the needs of ‘their’ people and they need manufactured problems and particularly enemies for their protection racket to thrive. As a case in point, Putin’s approval ratings have been unbelievable since the Ukraine crisis started.
What is crucial to understand is, that Putin only has to represent ‘legitimate’ Russian interests in a ‘reasonable’ way to provide the Bankers with exactly what they want: ongoing tension and the build up to war, which is the goal. We don’t have to defame him unnecessarily, we don’t have to call him or even his actions evil: it is clear the US Empire is the unadulterated aggressor and all Putin has to do is defend assertively.
It cannot be stressed enough that, should there be real war, the US Empire is planned to lose. Its airforce and navy, on which it is completely dependent for global projection of power, are totally antiquated in the face of S400 (S500 even) SAM installations, Sukhoi jets (which tank all American counterparts, including 5th generation, in dog fights) and Yakhont anti ship missiles. Of course Russia cannot in any way threaten America, or even Europe, but it most certainly can defend itself and its main allies.
I think we can agree America is not going to send millions of grunts overseas to fight an aggressive war against Russia. All that would remain is a nuclear first strike and deployment of advanced WMD that both parties have been ‘quietly’ assembling over the last few decades.
The BRICS Bank
In their statement, the nations’ leaders said: “We appreciate the work undertaken by our Finance Ministers and Central Bank Governors“. Undoubtedly it was those who hammered out the deal. As we know, both the Bank of Russia and the Bank of China are major Rothschild CB’s, part and parcel of the global financial system with the Bank of International Settlements at its apex.
Bank of China is led by Zhou Xiaochuan, a member of the influential Group of 30, a Rockefeller confab for Central Bankers and leading economists. In 2007 he was calling for the replacement of the US Dollar with the IMF’s Special Drawing Rights. Please note: not with the Yuan, but with the IMF’s precursor to global currency.
The official reason for the Bank is dismay about the refusal of US lawmakers to ratify the 2010 IMF reforms, aimed at giving the BRICS nations a bigger part of the vote in the IMF: they control about 20% of global output (it’s bound to be higher in PPP terms) and have only 11% of the vote, reflecting basically the post WW2 balance of power.
The plan will see two different banks: one for infrastructure development, the New Development Bank (NDP) and the Contingent Reserve Arrangement (CRA), which will provide liquidity to countries in need. In short: parallel institutions to both the IMF and the World Bank.
However, both institutions don’t need parallels, they need disbanding, because they only exist to usurp national sovereignty and fealty to the Banking Cartel. The BRICS Bank does in no way damage the BIS global infrastructure. It in no way addresses any real monetary problem, let alone the core issues of Usury and scarce money.
In fact: there is little doubt that the BRICS Bank will seamlessly transition to a larger role for Gold, once the inevitable ‘reset’ of the global financial system comes. Both Moscow and Beijing have been massively hoarding Gold and the Money Power has been preparing the transition to Gold after the Petrodollar era for decades now. A gold backed Yuan has been fevorishly anticipated and recently, when the US sprang their first sanctions on him, Putin was saying he would use his Gold reserves to back (and thus give ‘credibility’ to) his own payment systems, away from the US Banks.
This is a good example of why it’s wrong to focus on people, while overlooking the methodology: how is a new Bank going to end Banking, Usury, scarce money, power centralization, Globalism? How is going Gold in any way going to solve total Money Power control of the money supply?
It can’t of course. Banking is THE main tool of the enemy. You don’t solve banking by starting your own, you solve banking by providing interest-free money.
Interestingly, right after signing the deal, the BRICS leaders met with leaders of Latin American countries. These nations are mostly led by neo-Marxist presidents, like their deceased standard bearer Hugo Chávez.
Chávez was very popular in the Alternative Media because of his routine and much warranted America bashing, But meanwhile he collectivized the Venezuelan economy, destroyed the private sector, attacked the family by bringing feminism into Venezuela and sold Oil Dollars for one third of their worth to Transnationals to repatriate their Venezuelan profits and to the wealthy, so they could import their BMW’s for a fraction of their real cost.
In short: he ended income inequality in the typical Marxist way: by destroying the middle class with the motto ‘everyone poor is equality too’. The very wealthy became even richer still.
Today, you are more likely to get killed while walking the streets of Caracas than in Kabul.
What remained of his Oil Dollar wealth after handouts to the rich, Chavez invested in uniting the Latin American nations in some sort of Latin American Union. Something very high on the agenda of his Bolivarian successors and brethren in other Latin American capitals today too.
This is another excellent example of how the Money Power uses opposition to the US Empire and the plight of the poor for Marxism and supranational convergence.
The New World Order is a group of ancient banking families that rule through money.
Money is half of each transaction, transactions cannot take place without it. It is the gateway to all goods, services and resources. By keeping money scarce, they keep everything scarce. Through Usury they take their cut in every transaction.
Through control of money, they have acquired 90% of the hard assets on the planet. Not only that, they suck away 90% of the common man’s life force through Usury, taxation and the artificial scarcity of their Transnational Cartel. ‘None are more hopelessly enslaved than they who think they are free’.
They control all nations through their States: the Jews, the Americans, the Europeans, the Russians, the Chinese. They use these nations for different purposes and to pit peoples against each other.
They rule through dialectical pseudo ‘conflicts’, where both protagonists slug it out to amuse the public, while working together towards hidden common purposes. For instance: Marxism and Capitalism are both materialist and monopolies, the hidden common features that really matter to the Money Power.
People within these dialectics believe the conflict is real and they don’t have to actually report to the Bankers to do exactly what they want them to do.
Our current era is about the take down of the American Empire, which has served the Plutocracy well, but is now, with its heavily armed and fiercely independent people, the last block that has to be taken down to usher in the Global Despotism they have been working towards for so, so long now.
The BRICS Bank is anti Petrodollar, not anti Money Power.
It has long been prophesied that Russia would lead the West out of decadence and materialism. Edgard Cayce for instance. But also a great man like Rudolf Steiner had high expectations of Russia. This partly drives the optimism of some people concerning Putin. But while I believe the Russian Soul has an important gift for Humanity, it is most certainly not going to come through the Russian State, which is purely Babylonic. A grassroots spiritual movement or even the coming of the next Prophet, yes, but not the iron fist of the Kremlin.
A second installment of a recent interview with Morris, concerning the BRICS Bank and the rise of a New Currency Order:
The end of the Dollar and the coming Gold Standard:
Phoenix Rising, the Return of the Gold Standard
The Dying Dollar and the Rise of a New Currency Order
Bloomberg, the dying Fed and the birth pangs of the new Gold Standard
Why is Gold not rising?
International politics and faux ‘opposition’ to the NWO:
The US Empire is Not the Money Power!
Muammar Gaddaffi and the Money Power
Enough of the Putin Worship!
Hugo Chávez: Enemy of the US Empire, Marxist and Money Power Stooge
Is China part of the New World Order?
(Left: Morris Herman is a very astute observer of the Jewish Question/NWO and has been commenting and reporting on their ventures for years.)
Here’s a short introduction to the main issues in a nice interview with Morris, which I enjoyed a lot and hope to be doing again in the future, if some relevant topics come along.
(Left: Arthur Kitson, in a rare photograph. Now languishing in a memory hole, his thinking was perhaps the most advanced in an era when awareness of monetary matters was at its summit: the twenties/thirties of the last century.)
All modern science has been utterly corrupted to the core through orthodoxy and political correctness, under the pressures of power and commerce. So why are people so surprised it’s the same with ‘economics’?
It’s all just complete baloney. And of the worst, most moronic kind. Their most fundamental propositions don’t add up at all and simply wither away under the gaze of critical thought.
The fact that critical thought is strictly off limits in today’s universities, where group think and the lowest common demoninator rule as ‘eminence’, is the only reason book after book is written exalting these absolutely specious beliefs.
Compare it to allopathy, the trade of the men and women in white. They explain to you newborns need mercury, formaldehyde, lethal viral matter and genetically modified remnants of human foetuses to ‘enhance immunity’. You’re ‘irresponsible’ and ‘irrational’ if you happen to disagree.
Next, when these vaccinations have done their job and have destroyed your immunity and you get cancer a few decades later, they explain to you, you need mustard gas (‘chemotherapy’ is derived from that stuff) and lethal doses (according to the WHO) of radiation to ‘survive’. As a result far more people die of treatment than cancer itself.
It’s all ‘science’, you know. Proven! Honest! With double blind peer reviewed studies! Cross my heart, hope to die!
Totally corrupted, by commercial interest and thought/herd control. Promoting those who uncritically work hard to pass their exams, keeping back those going their own way.
And this is just medicine. It’s money and the economy through which they rule! If they do this to medicine, what does one really expect from the ‘science’ behind Capitalism?
Their laughable nonsense
We have already extensively dissected their ‘time value of money’. The idea that money is worth more today than it is tomorrow. And that the creditor thus loses when lending. For which Usury is then the ‘compensation’.
Is it any wonder that this is considered the absolute foundation of ‘modern economics’? Of course their witty rationales serve only to hide the heinous plundering of Usury. Of course ‘modern economics” most cherished belief explains why we need banks!
And of course it’s just rubbish. Totally irrelevant. The bank creates the money when it is lent out and retires it when it is repaid. It didn’t exist before the loan and doesn’t exist after it. It’s a sterile operation, completely neutral. No ‘value’ is created for the lender, none is lost to him. He only does it because he can plunder his unwitting victim with Usury on the ‘debt’.
There is no risk, because there is collateral. ‘Losses’ to ‘inflation’ (which don’t exist with credit based money) are simply because they cause inflation willfully. It’s all a total mirage.
Even with already existing money (the situation most people mistakenly thinks exists and must exist), the ‘time value’ can easily be undone by having savers pool money together, in exchange for giving them interest-free credit from the collected savings.
Or one slaps a demurrage on the money, when those holding money, instead of those borrowing it, pay a percentage per year. This proactively destroys the value of money and ends hoarding: people will sink money in assets, which is the way it should be anyway. Saving money is antithetical to its purpose as a means of exchange. The ancients worked with this money, when their money was based on receipts of warehouses for perishable produce. Because the goods backing the note perish, so does the money.
They built all the wonders of Antiquity with it, all the way up to the Cathedrals.
Here’s another example: price discovery. According to ‘modern economics’ price is a function of demand and supply. I think we can agree that this basic proposition rivals the ‘time value’ in importance for our crummy little pseudo science/mind job.
But, our banker friends have conveniently forgotten all about the third variable: money supply.
Without a money supply there cannot even be a price to begin with! Money’s secondary function is unit of account! Price is expressed in its monetary value!
Not only that, without the means of exchange, there is hardly any trade at all: demand and supply never meet, except the few trades that can be settled with direct barter!
So: price is a function of demand, supply and money supply. And this is really foundational in obscuring the second main issue with money: managing its volume properly.
Now, how relevant is this? Hugely. Because they ignore money in price discovery, they can have their maniacal Austrians/Neo-Liberals claim money is irrelevant, deflation fantastic and markets just don’t clear because they are not ‘free’. This is known as Say’s Law and is used to hide that the only reason we are in a depression is because of a deflating money supply.
Because price is supposed to be a function of demand and supply, only ‘structural adjustments’ (raping labor rights) to ‘correct’ ‘market inefficiencies’ blah, blah, blah.
This is how they sell austerity. Should we know about the simple truth of price discovery, we would always have the money supply in mind and this is not convenient for those who rule through money and manipulating its volume.
This is just how they sucker us with their word magic and Orwellian crap. Laughing all the way to the bank about the silly masses and their love of ‘the power of ideas’.
We are ruled by a Banking Cartel. About 40% of the disposable income of the common man is taken by Usury and related rents, another 20% by their Transnationals and their artificial scarcity through Monopoly. Yet another quarter by the State, which is another Monopoly they control. What remains is for the wife.
Who are we kidding? We are total slaves.
First we are interest-slaves through the artificial debt. Next we are relegated to wage slavery by scarce money, paying off the Usury by doing the jobs they want to have done. In effect digging our own graves in their Banks, Transnationals and Governments for sustenance.
Of course they own the ‘science’ behind it all. Of course they explain the rich must get richer through Usury for the benefit of all. Hell, even just studying ‘modern economics’ makes you a greedy bastard, it was recently shown!
Forget about their silly crap and read up on Margrit Kennedy, Bernard Lietaer, Arthur Kitson, David Astle and all the others in the know out there. I’ll even throw in my own interest-free economics page, it’s not a bad place to start.
We can do so much better.
Left: Martin Luther. Say of him what you will, below’s quote is truer today than ever.
“The heathen were able, by the light of reason, to conclude that a usurer is a double-dyed thief and murderer. We Christians, however, hold them in such honour, that we fairly worship them for the sake of their money…
Whoever eats up, robs and steals the nourishment of another, that man commits as great a murder (so far as in him lies) as he who starves a man or utterly undoes him. Such does a usurer, and sits the while safe on his stool, when he ought rather to be hanging on the gallows.”.
– Martin Luther, quoted in Das Kapital
This is exactly how it is! It is not one word too much!
USURY IS PURE MURDER!
It has nothing to do with ‘oh, it’s so honest, so reasonable, that 5% per year’.
Look at how complete nations are gutted to pay off some filthy rich trillionaires.
Billions of people live in desperate destitution because of Usury, dying prematurely, completely unnecessarily. People commit suicide, haunted to the grave by creditors. It tears families apart in financial stress. By the millions. Throughout the West. The World. It is purely genocidal, there really is no way to get around it.
And we have built our entire economy on this horrid plunder. On this monstrous sin!
When will we again see the simple truth as the ancients always did?
Banking is simply institutionalized Usury.
Capitalism is simply Banking.
The two rose to prominence together in Amsterdam, London and New York.
The whole Capitalist monopoly has been bought with the proceeds of compound interest lending. They are emasculating the West with interest on the debt. The Banks openly try to endebt us to the point where all our income is sucked up by debt service! Years of deflation have made our debts weigh even much heavier in real terms.
Look how the tumors of ‘the financial sector’ are metastasizing, with their ‘bonusses’, ‘derivatives’, LIBOR manipulation, asset bubbles, defaults, bribing politicians, evictions and repossessions, Gold manipulation, media power, globalism, bail outs, bail ins, fomenting of wars. It is all an outgrowth of the cancer of Usury.
We are already thoroughly enslaved through Usury, it’s not a doom scenario, it is the way we live!
In the aftermath of Usury prohibition in the medieval era, around the time of Luther, the main argument for allowing Usury was that without it people wouldn’t lend. And lending was necessary for the economy, the rationale went. There was (at least perceived) a scarcity of credit.
The ‘time value’ rationale that Jesuits in Salamanca cooked up in the 16th century has been totally discredited and is irrelevant in a decent monetary system.
Notwithstanding credit and money scarcity, the medieval man worked only 15 weeks to feed his entire family in the Usury free economy. Bones found in England show that people there only achieved the same height as the late medieval Briton in the sixties of last century.
Compare that to the sweatshops of the 19th century, the heyday of Capitalist domination over Labor.
Imagine what our life would look like without Usury, and with plenty of dirt cheap credit plus today’s technology!
Even the Jewish Question is ultimately just another front for the Usurer!
It’s the Trillionaires and their banks and their World Government/Currency that we need to shut down and replace with interest-free monetary systems. Most Jewish people are just their bitches, easily sacrificed, just as we are. Without their Usury, ‘the Jews’ no longer are very formidable.
Usury is behind, or at the very least severely worsens, every problem on the globe. It is THE defining problem of the 99%. It is the issue of issues.
INTEREST-FREE MONEY NOW!!
Rationalizing Usury: the Time Value Hoax
Babylon = Usury! We want Interest-Free Money!
Ten Atrocities that would not exist without Usury
Hate The State! (But The Banks Even More!)
Capitalism Is Jewish Usury
Left: Robert Rubin, Alan Greenspan and Larry Summers, three of the main architects of the derivative induced Greatest Depression. As usual, the Ministry of Truth portrays them as those who prevented collapse.
Depressions and the boom/bust cycle are wholly artificial phenomena. In earlier days, Bankers created deflations simply by calling in loans. Nowadays things are a little more complicated, but crashing the money supply is still the main thing. Derivatives are today’s preferred method.
Let us first reestablish that recessions and depressions are caused by deflation. Here’s the graph showing the money supplyover the last few years, courtesy of Shadowstats:
Let us analyze a little what this graph shows. M3 is the main issue here. This is because it is the widest definition of the money supply, including long term deposits and several other forms of liquidity, including some derivatives. M3 is most telling about what is happening in the shadow banking system.
In the first place, M3 is first shown in red, then in blue. This is because Greenspan ended Fed reporting of M3 in 2006. An unbelievable scandal, off handedly done away with as a cost cutting measure.
However, we can clearly see the malicious intent here, because Greenspan was just hiding what he knew what was already starting: a massive inflation, followed by a legendary crash in M3.
As said, M3 is the widest definition of money and directly related to this is that the main deflation after 2008 happened in the shadow banking sector, non-banking lenders, like hedgefunds. It was the implosion of the derivatives that caused M3 to tank in the way it did.
In 2008, we see that M1 starts to peak when M3 crashes: this is the Fed printing money: they were buying up busted derivatives, in effect replacing derivatives with ‘real’ (freshly printed) dollars and bailing out the busted loansharks.
This is also where the rumor of hyperinflation stems from: the Austrians were only looking at M1, endlessly showing the peaking balance sheet of the Fed (M1).
Austrian Economics in general of course is always fearmongering about hyperinflation while promoting deflation. As a result, many reasonable people these days will say, ‘well, declining prices you know….’. But deflation means money is becoming worth more and this is nice for those who have a lot of it: the ultra rich in particular. During deflation wages decline too and this is not so good for those working for a living, being most of us. Much worse: debts become worth more in real terms, which is obviously disastrous with everybody drowning in debt.
And the deflation is simply the reason the economy is in shambles. The contracting money supply causes a collapse of demand in the economy.
In this particular instance, the Money Power created the depression with the derivative trade: first blowing a huge housing bubble with them, and then busting them. Next, the shadow banking industry collapsed. As a result, the housing bubble was starved from easy credit and imploded. The Fed bailed out all the banks and billionaires with their hedgefunds, no harm done there, but Mainstreet is now saddled with a huge debt, millions of homes underwater. Nobody is bailing them out. On the contrary, it’s Wall Street that is buying up all the homes for pennies on the dollar. QE funds this, as it does the ridiculous NYSE record breaking bull run.
Meanwhile, the economy is a mess, ongoing depression and it does not look like the Money Power is done with us quite yet.
How they do it
Of course, all this is a little convoluted. One needs to see that the Banking System is indeed One, that they all own each other, that it is run from the top down globally. There is no ‘chaos’ as described by the financial press, both mainstream and alternative. The financial system is operated just as any other system.
In earlier days, bankers just had a nice confab, agreed to start calling in loans at this or that moment and creating panics and depressions was much easier. Nowadays a good story is needed. But there is an ample supply of those and the derivative trade is just the modern way of both plundering the non-insiders and controlling the entire system.
For Mainstreet, there are many stories. That greed causes it all (not untrue of course), that we need to consume less, because the Earth cannot sustain our way of life, that there is a lack of faith, that structural reform is necessary, that we are losing the competition with China, etc., etc.
But all these narratives just serve to hide the truth: that the boom/bust cycle is a totally artificial tool of plunder and centralization of wealth and power by a centralized financial system.
The Derivative Congame
Derivatives are financial products, that are derived from more ‘real’ assets.
A famous example are the Mortgage Backed Securities (MBS). Taking for instance ten mortgages, slicing them all in ten pieces, mixing a tenth of each together and selling them as one product. The buyer is then owner of one tenth of ten mortgages, instead of one complete one. The idea is that this spreads the risk of default.
Another example are the Credit Default Swaps. Lenders buy guarantees from other lenders: if a loan goes sour, the lender is no longer on the hook for the (entire) bust. The rationale is again that risks are shared by the lending community.
Very important (in terms of trading volume) are derivatives that ‘insure’ against higher or lower interest rates. Interest rates (the cost of money) ultimately drives the entire financial world and swings in interest rates can destabilize institutions.
As always, the rationale is just the sell. If we want stable interest rates, I suggest going 0% always. That certainly would solve a great deal of problems, but it would also end Plutocracy, of course, so it’s not really on the horizon for the time being.
In reality, derivatives are nowadays the main plundering scheme, run by the main players. It transpires, that the top 5 Wall Street banks (JPM, BofA, Morgan Stanley, Goldman and HSBC) are the counter party for 95% or more of all derivatives worldwide. This means that they are ultimately on the hook for all risks insured in the entire financial sector, globally. Obviously, this is hardly stabilizing. Quite the opposite is the case, as it goes without saying that these banks simply don’t have the assets, huge as they are, to make good on their promises, should things go wrong. Which they must.
As always, in purely Orwellian fashion, their ‘idea’ of ‘spreading risks’ has in reality done the exact opposite.
This is one key reason why we have Goldman Sachs alumni in European Governments everywhere: should European sovereigns default on their loans, Goldman Sachs would be one of the players who would have to pay up as the ultimate counter party in the Credit Default Swaps market and this would vaporize them long before everything would be settled.
The derivative trade is hugely lucrative for players, as long as things go well. Their total nominal outstanding value was at some point nearing a Quadrillion, dwarfing total global GDP. What is more, they are all off balance: they are not seen as assets and they are not part of the Generally Accepted Accounting Principles (GAAP).
This means that nowadays nobody really knows anymore what the real asset position of any financial institution really is: they might have huge obligations through the derivative trade, but it’s not visible in their books.
Derivatives are obscure instruments and are nowadays the main game for fleecing unsophisticated investors. Pension funds, municipal entities, semi public institutions and the like. Interest based derivatives are simply bets: interest rates can go up or down and while they are officially for ‘insurance’ against unexpected swings, they are in reality mainly used for speculation purposes.
It is the derivative trade that brought Detroit down. Of course, Detroit is not really down, their CAFRs (Comprehensive Anual Financial Reports) show plenty of assets, but that’s another matter. However, Detroit was suckered into speculating with tax payer money, their conscience eased with the narrative that they would ‘help stabilize the Financial System’ and everybody would get rich. They went bust instead and now pensioners can pay.
Another good example is Vestia from the Netherlands, until a few years run by the now disgraced Eric Staal. A few decades ago Public Housing institutions were semi-privatized into QUANGOs (Quasi Autonomous Non Governmental Organisations),Vestia among them, with the predictable consequences: quickly rising rents and salaries for top management as a result of focus on ‘efficiency’ (profit) instead of effectiveness (service to tenants).
Eric Staal was a typical example of the ‘new manager’, ambitious, egotistical. Thinking he could play ball with the big guns. They lured him with some superhot ‘account managers’ in short skirts, copious diners, and expensive call girls. Next, his bets went south and Vestia can now cough up 2 billion euro. Which they don’t have and for which tenants can now pay up in the coming decades (with interest, of course) with higher rents.
It’s easy to blame Staal and to mock him for getting busted, but in reality the man was just suckered into something that was way above his head and this is a pure congame by soulless vipers. These people are very adept at exploiting ambition and other human weaknesses.
Larry Summers and Wall Street
August last year, Greg Palast published a bomb shell memo by Larry Summers, front running candidate to succeed Bernanke at the Fed at the time.
In the 1997 memo it was made very clear that Summers, with the Treasury at the time, was conspiring, completely illegally, with a couple of the main Wall Street Kingpins to force deregulation of the derivative scam worldwide. Rest assured that this publication was the reason that Summers missed out on the Fed presidency, which would have crowned his already despicable ‘career’.
This in itself creates the interesting question who wanted him out of the equation, and organized this by leaking to Palast, but that is another matter.
Of course Summers and the named bankers should have been arrested immediately, the memo provided more than sufficient grounds for this, and jailed for the rest of their lives. These people are the prime culprits of the 2008 implosion and should never see the light of day again. The memo shows them openly discussing the ‘end game’ of full control of the economy by the financial industry.
But hey, too big to jail, you know. Obviously, locking up people destabilizing the system would be very destabilizing in the colorful narrative of ‘democracy’ and ‘economics’ and ‘the legal system’.
But Palast’s memo was the smoking gun that proves that the derivatives scam was foisted on the financial industry by some of the highest executives of the Money Power and it must be obvious that the ‘disaster’ of 2008 was only a disaster for those picking up the tab: the tax payer and those losing their jobs, houses and businesses through artificial deflation.
The Bank of International Settlements
The BIS is the apex of the global banking system, the Central Banks’ Central Bank. It’s the main executive in what Quigley famously described as “The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”. It’s the top of what the Economist called ‘the marvelous edifice of international finance’.
And the BIS does indeed hold a crucial trump card when it comes to the global management of the volume of money and thus the creation of the boom/bust cycle: it sets the capital reserve requirements for banks. It was the BIS raising capital reserve requirements in the late eighties that made the Japanese banks insolvent overnight, popping the outrageous Nikkei/Real Estate bubble that had overtaken Japan. They never recovered and neither did Japan.
The BIS of course knew well what was going on in the 2000’s with the derivatives and real estate. The derivatives allowed huge leveraging by the banks, many of which at some point had no more than 2% in capital reserves. BIS policy now is to raise capital reserve requirements, officially to ‘improve stability’, and this has a huge impact on the banks’ capacity to lend, guaranteeing ongoing depression.
The BIS, in its publications, is also openly calling for stronger deleveraging and the end of quantitative easing.
What does it all mean?
As we have seen above, the basic sell for derivatives is that they manage risks. This was very important, because they helped create the false sense of security with the banks and regulators in the 2000’s: the idea was that lending had lost its traditional ‘risks’ and that therefore speculation in real estate was no longer a problem and that real value was being created.
Of course, nobody in his right mind, most certainly not the bankers, believed this, but the point is that bubbles need to be blown so they can be popped and this happens to be the story with which they blew the housing bubble of the 2000’s.
Mortgage Backed Securities now made sure that everybody, including sub prime borrowers, could get a mortgage, interest rates were kept low, and housing went through the roof. Next of course problems emerge, borrowers can’t pay and Mortgage Backed Securities all of the sudden transpired to not at all have taken any risk away.
The top people of Wall Street have created the scheme top down. This has a number of important implications. In the first place: these people are not going to take undue strategic risks with the financial system. Contrary to popular folklore, it’s not short term gain that drives them primarily. They’re master strategists. They knew exactly what they were doing. They knew there were going to be huge bankrupties and they knew the Fed would bail them out. Bail outs are one of the main purposes for which they created the Fed to begin with.
After 2008, the derivative trade just continued to proliferate in a completely unsustainable way. Hundreds of trillions of nominal value and although this greatly overstates the real risks involved, it has already been shown what damage they can do. A next round is guaranteed.
It is more than interesting that it is the American banks that run the trade. The top 5 banks that are the counter parties may look strong now, but they’re actually in an extremely vulnerable position. While sold to manage risk, it’s in fact these banks that ultimately carry all risks in the financial industry. This is an accident waiting to happen.
This could be classically interpreted as just another example of American imperial over reach, but if one realizes the Money Power is not the US Empire and looking to put America and its dollar down as the hegemon, an even more sinister picture emerges. These banks are at the core of the American economy and the Money Power can at any moment detonate a nuclear bomb right at the heart of the American Empire by just popping the derivative bubble. True, it’s very difficult to fathom how the global financial system itself could survive such a melt down, but knowing what the bankers are capable of, and the direction they seem to be heading, it’s an interesting scenario.
Blowing bubbles and popping them with alternating inflations and deflations is, with Usury, the Money Power’s core business. Each cycle has its own story and derivatives are the story of the Greatest Depression. The worst is yet to come. Years of scarce money, depression and centralization of wealth lie ahead of us. They will undoubtedly manage to spring something nasty on us yet.
At the moment the economy is temporarily improving a little bit, but we have been looking for green shoots for years now. In reality, indebtedness globally, both private and public, is much worse than in 2008. For years the Central Banks have been postponing the real pain, but huge deleveraging is necessary within the current paradigms of financial management.
As always, it’s not even so much the debt, but the Usury that is the issue. Even Greece could pay off all its debts within 20 years just from what it loses to debt service today. Most nations have, since the 2nd World War, paid more in interest on their debts than they have debts outstanding.
But the banks have us exactly where they want us: unsustainable debt, a huge portion of our incomes raked in through Usury, the ‘need’ for deleveraging, resulting in deflation and thus giving them the depression they so clearly crave.
Within the paradigms of the current system, this cannot be solved. Only ending banking as it operates today can end centuries of wholly artificial booms and busts.
But this will only become possible when people stop wondering about corruption in finance and start seeing finance itself is corrupt.
The Dying Dollar and the Rise of a New Currency Order
The Inflation vs. Deflation Dialectic
Austrian Economics, Apostles of Austerity Defending Deflation
Understand that the Banking System is One
The Few Banks that Own All
(Left: William III of Orange, who made the migration of Jewish Capitalism from Amsterdam to Britain possible.)
Capitalism is Usury. Its defining belief is ‘return on investment’. This is an extension of the ‘time value’ of money, which is the central tenet of modern economics. Capitalism is unthinkable without banking and banking is institutionalized Usury.
Usury is Plutocracy. Compound interest makes it unavoidable that the very richest own everything in generations.
And this is indeed what happened: Capitalism is one huge global monopoly. All the major banks own each other and most Transnationals plus a huge chunk of land. This juggernaut was built with the plunder of Usury.
We have all seen that Rothschild was worth 50 billion in 1850. At 5% per year, this fortune would now be a trillion, at 8% per year Rothschild would now be worth hundreds of trillions.
This is why it has been said that ‘compound interest is the strongest force in the Universe’.
This is Usurious Usurpation.
The Rise of Capitalism
Modern Capitalism was first clearly visible in the Dutch Republic, where Italian Banking, expelled Iberian Jews, the Reformation, naval power and the acquisition of huge trade fortunes came together in the Amsterdam Empire, which would outshine its much bigger Spanish, British and even French competitors until the mid seventeenth century.
Everything that defines modern Capitalism was either invented or came to fruition in Amsterdam. The first Stock Exchange, Multinationals (the East Indies Company, which would rule over Indonesia with unrestrained Corporatocracy for centuries), and most importantly, a Central Bank, the ‘Amsterdamsche Wisselbank’. And of course a huge pile of money, that would be the envy of Europe even long after its ‘glory’ had subsided.
Amsterdam also saw the first bubble: the Tulip mania, 1637. This typical banker device, blowing bubbles with easy credit and then popping them by calling in loans, would haunt Western economies for centuries to come.
The Dutch Republic resulted from a Calvinist rebellion against Catholic Spain. Calvin is considered by many to have been Jewish. He openly defended Usury. This was in an era that the Medieval era of Usury prohibition was in terminal decline.
Calvinist thought was also infected by the typically Jewish notion that wealth is a sign of God’s favor.
Notwithstanding Usury prohibition, Jewish Usury had been a huge issue throughout the Middle Ages and it does not require a great leap of the imagination to see that Capitalism is in fact the modern equivalent of what was once known as Jewish Usury.
Jewish fortunes and their methods played a large part in Amsterdam. Their ships would also dominate the growing slave trade on America. They had come from Spain, after being expelled in 1492. Holland was known at the time for its ‘tolerance’.
Amsterdam was the first great star of high finance. Opulence acquired through trade became Capital, looking for returns. And here we see that Capitalism is about finance, not production or consumption. Finance rules over producers, workers, consumers, farmers, crafstmen and industrialists alike.
They lend to those they control or want to control and withhold credit to those for whom they have no purpose. Usury gives them their take of any venture. By keeping money scarce, they keep labor cheap. This is how money rules.
Moving on to Britain
Amsterdam peaked in 1648, when the peace of Westphalia ended both the 80 year war for independence with Spain and the 30 year war in Germany. But after the peak comes the decline and already in the fifties problems began to mount when Cromwell landed a blow on Dutch naval supremacy with the Acts of Navigation.
The Jews had been expelled from Britain in 1290. This was a few decades after the Magna Carta, which clearly points at Jewish Usury as a huge problem at the time.
Cromwell, who was a calvinist Puritan, negotiated extensively with Amsterdam Jews about resettlement. He probably was a tool of Jewish/Amsterdam finance to begin with.
Resettlement came with the promise of making London a better Amsterdam. And while British merchants (and many others too) were against the readmittance of the Jews, Cromwell went ahead anyway. The Puritans were optimistic and naive and thought they could ‘redeem’ the Jews. But while Jewish Capital indeed pushed Britain’s Empire to unprecedented heights, there was no redemption: by the end of the 19th century the British Aristocracy had been entirely Judaized.
While Cromwell, as a tool of Amsterdam Imperialism, ultimately failed, the Jews did not relent and they had a second shot at London with the Glorious Revolution, when William III of Orange, Stadtholder of Holland, became William III of Britain and the Dutch Republic and England were united in a personal union.
He repaid his financial backers by chartering the Bank of England in 1694 and this was the official entry of Capitalism in Britain. It came with the end of sovereign money and the ascent of Gold: until then the British economy had been financed with Talley Sticks, simple pieces of wood issued by the King. British partners in the Bank paid for their shares with them, but the first thing the Bank did was take them out of circulation. The Bank of England is only the eigth bank in history and is the second oldest to survive today.
The United States
The real history of the United States is not about the War of Independence and the Constitution. It’s about banking.
The United States did not revolt over ‘taxes without representation’. According to Benjamin Franklin the real reason for the War of Independence was that Whitehall forced scarce money through Britain’s Gold Standard on the Colonies, who had thrived with their own Colonial Scrip. A depression was the inevitable result.
Only a few years after nominal independence, Hamilton’s first Bank of the United States brought Capitalism to the United States. It was closed in 1800, but in 1816, in the aftermath of the war with Britain, a second Bank of the United States (a privately owned corporation) was opened with a 20 year charter.
The heroic President Andrew Jackson did not renew this charter and miraculously survived an attempt on his life. His last words, ‘I killed the Bank’ still ring triumphantly through the ages. Unfortunately, he failed to replace it with a decent monetary system and the country was plunged in a depression because of a tanking money supply.
This left the Whigs, Abraham Lincoln prominently among them, plenty of scope to campaign for a new ‘National’ Bank, which came in the aftermath of the Civil War.
In 1913 the Federal Reserve Bank was founded. This privately owned corporation is owned by primarily Jewish ‘member banks’. The presidents of the Federal Reserve are always Jewish and by far most of its board members are too. It’s no secret Wall Street is run by the Jews and is now the global standard bearer of Jewish Usury with derivatives being the scam du jour.
Of course there are Americans in Wall Street too, just as there are Englishmen in the City or Germans in Deutsche Bank, but whereas these nationalities compete amongst each other, the Jews are strong in all nations and this gives them supremacy.
Equally true is that the Jewish many gain nothing from the banking prowess of their ‘elites’. They may have some privileges, but on the other hand they’re also easily duped into nasty affairs or sacrificed like the pawns we all are.
But considering the above history of Capitalism and Jewish Usury, it is very hard to avoid the conclusion that they are the same thing.
YHVH emphatically orders the Jews several times to conquer the world with Usury in Deutoronomy, for instance: “15:6 For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.”
Pivotal documents from the medieval era squarely point at Jewish Usury. We have already mentioned the Magna Carta, but there is also for instance the Quran: ‘That they (the Jews) took usury, though they were forbidden; and that they devoured men’s substance wrongfully;- we have prepared for those among them who reject faith a grievous punishment.’ (sura 4.161)
Capitalism and its ‘return on investment’ is clearly the successor of medieval Jewish Usury. It arose during the destruction of medieval Usury prohibition. Its typical devices, Usury, Banking, the Stock Exchange, asset bubbles, Transnationals, all were already present in Amsterdam. It was this force that migrated to Britain and the US. It was in these three financial Empires that Captitalism showed its unrestrained imperialist designs.
Already the poor lose up to 50% of their income to Usury, mostly passed on by producers in prices. The middle classes are somewhat better off, but they are being decapitated everywhere. Usury only benefits the richest 10%, while most of the money ends up with the ‘fabulously’ wealthy.
The enslavement is total: most people work the first two and half days of the week to pay off the bank. Even if they have no debts.
And we face not only enslavement, but extinction. Mass immigration, combined with the demographic catastrophy caused by the trinity of feminism, the not-so-gay lobby, and sexual ‘liberation’, is now threatening to actually destroy the white race. Whites are expected to be a minority all over the West in 2050/2060 and irrelevant by the end of the century.
Capitalism is the core of the Jewish Question. All their other depravities, including Zionism and (Cultural) Marxism were built and financed from the Capitalist powerbase.
The Jewish Question can only be reasonably resolved by reforming money and ending its rule through Usury.
Is Anti Usury Activism Antisemitic?
Babylon = Usury! We want Interest-Free Money!
Demystifying the ‘Conspiracy’
Why Do People Have Difficulty Seeing The Jewish Question?
Rationalizing Usury: the Time Value Hoax
I’ve opened a new blog: ‘Making Sense of the Senseless…….’
It’s based on what I do on Facebook and I’m hoping to reach a wider audience.
The articles will be short contemplations on current affairs, commenting on articles, events and memes, which have proven an incredibly powerful mode of communication on the web.
I’ve just posted the first few articles, they’re my most recent posts on FB. But there is also a new one, as a teaser…. Go have a look and tell me what you think!
Tomorrow I’ll be partaking in a ‘webinar’, set up by Wayne Walton. Henry Garman will also participate.
We will be discussing the way forward, getting rid of Money Power control over our lives. Issuing our own currencies will be an important part of it all.
People can call in with questions and thus join the conversation. Be there!
See here for all the details:
Live stream: usuryFree Jubilee Tele-Summit across 3 continents.
Time: Saturday, April 19th 1PM Eastern. 11AM Mtn. 19:00 CET.
usury = money monopoly forbidden by the Jesus & Mosaic law. Jubilee
= debt forgiveness & return of stolen land along with the rebirth
of human self-determination.
Click on the link to register for the Tele-Summit where you can ask
questions about how to implement the usuryFree Jubilee.
This is a path for humanity to win emancipation in less than
a year. It’s essential to understand that the choice is
between fear and love. Simply by believing and loving ourselves;
then ISSUING our own money we will win quickly!
Usury is theft!
Hour Money Jubilee, 3837 Northdale Blvd, 252, Tampa, FL 33624, USA