Austrian Economics still is ‘Jewish’ Economics
Whether a currency is backed by gold makes no difference as long as we are paying interest. This is still ‘The Synagogue of Satan, who say they are Jews, but are not’, enslaving us with interest. It is still ‘Jewish’ economics. The real alternative is an interest-free currency.
As we know,the Illuminati Jewish Money Power likes playing the Hegelian Dialectic game and controlling both sides of the conflict. Clearly, they will have their answer ready when their Fiat Empire comes to it’s end.
Here’s why:
This is the key issue: interest is a wealth transfer from the poorest 80% to the richest 10%.
The global numbers are not known, but in Germany $1 billion per day is paid by the poorest 80% and extrapolated to the world this means the Plutocracy drain anywhere between $5 trillion and $10 trillion dollars per year.
The US Govt loses up to $700 billion per year in debt service. That’s a TARP every year. All for money that was printed the minute it was borrowed.
But Austrian Economics will ‘fix’ that problem: we’ll be paying it for Gold-based credit instead.
To add insult to injury: the boom/bust cycle will not change, which is the basic case for gold.
Gold has been the standard for a long time and it didn’t stop the Money Power from creating asset bubbles and deflationary busts.
Even under a full reserve banking system it is quite easy to manipulate the volume in circulation when you control a large part of the World’s gold reserves.
So all in all its fair to say that Austrian Economics is ‘Jewish’ Economics.
RON PAUL
All this has become relevant because of Ron Paul, of course. He is well known for his support of Gold as Currency:
““There’s nothing to fear from globalism, free trade and a single worldwide currency….Commodity money if voluntarily and universally accepted could give us a single world currency……(source) “
He says Gold will keep Government spending in check. He wants to cut Government spending, but is unable to explain how this would lead to different results than what we have seen in Greece: an imploding economy with a withering tax base and even higher deficits as the predictable result.
People like Webster Tarpley and Paul Krugman want the Government to reflate the economy. This is correct, but the risk is it will kill the patient which is suffering from intolerable debt service levels as it is. They both skillfully avoid the monetary system itself, let alone interest. That’s why they can’t really put up a fight against the Austrians.
If the economy were reflated with either debt free money, or interest free credit the problem would be over instantly.
In the debate you see the Keynes-Austrian Dialectic: Spending versus Austerity.
Both ignore interest, which is the hidden common ground.
It is too bad Ron Paul has managed to hijack the Patriot Movement. His constitutionalism, his peaceful intentions (we’ll have to see how they would work out in practice), his $1 trillion austerity drive combined with his modest demeanor have managed to convince many discerning and well meaning people.
His rise and the sycophantic worship that he receives are eerily similar to that of Barack Obama in 2008.
But as long as we don’t understand money and the all importance of interest, people like Obama and Paul will continue to fool us with their Voodoo- and ‘Jewish’ Economics.
CONCLUSION
During modern history the financiers behind the throne clearly subjugated Governments. They don’t need the State. To them it is a competitor, a dangerous one too. They will use it as long as they can control it, but it is not for nothing they are trying to consolidate their financial power in a World Government of their own.
Meanwhile, the gold versus fiat narrative is a distraction which allows them to sabotage all meaningful monetary reform. We need a debt-free or interest free credit based currency which would lead to political freedom and the put humanity back on the path to fulfilling its Divine destiny.
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I think the three of you (the debt free Demmurage / Inflation) crowd, the Gold Standard / Libertarian / Austrian Economics crowd and the Fed Debt / Usury / Inflation crowd)
Money historically has to have TWO functions to get people to accept it as such.
1. A medium of exghange.
2. A store of VALUE!!!!
Without the BOTH of these functions (medium of excgange AND store of VALUE) the majority of the people will eventually lose confidence in the money leading to a hyperinflationary crash of it (pre Hitler Germany and Zimbabwe are examples here) or a crash where they no longer accept the national currency as money even with “legal tender laws” demanding it (The Confederate States of America in the last two years of the Civil War, the French Assignat money, and the Republic of Texas money from when Texas was an independent republic are examples of this).
What I see with the gold people like Ron Paul and Judge Nepalitano is impossibility. While gold is both a good medium of exchange and a great store of value there is simply not ENOUGH of it to carry on cash economy with the world population at the levels it is today even if the banks did not control it.
What is wrong with the other two ideas (Fed Debt Currency and debt free infinitely inflatable currency or debt free demmuraged currency) is the seeming hatred for the store of VALUE function of money which is as equally important as the medium of exchange function in mantaining a healthy currency that people keep confidence in on the part of the advocates of both systems.
What is really needed is a fiat money based two currency system like we had in the 19th century. (yes we did have a fiat money system in the 19th century despite all the propaganda about the gold standard being king then.) The first fiat currency under this proposed system would be FIXED in the amount that could be printed and put into circulation. (Abraham Lincoln did this with his fixed amount debt free United States notes) The circulation limit on this currency would mantain its store of value function. The Second currency would be a flexable one designed to be issued in a DE CENTRALIZED manner, (Lincoln did this through the National Banking Act but since we would not want private banks being able to charge interest on ANY national currency I would propose local Social Credit boards staffed by local volunteers be the issuer of this currency much like private local currencies such as Ithica Hours and Birk Shares are being issued.) I would call the first fixed currency by the name of the original Fixed fiat currency UNITED STATES NOTES but would give them a different denomination unit (Perhapse EAGLE for the original EAGLE gold coins it is designed to substitute for). The flexable decentralized issue currency would keep the name DOLLAR and it would be called National Currency like the old National Bank Notes of the late 19th and early 20th centuries were. While this second currency would be flexible and theoretically infinitely printable I believe that the existance of the Fixed EAGLE currency (The EAGLE would be fixed at a very large ammount equally to the ammount of actual tangible Federal Reserve Notes currently in circulation BUT NO MORE so that everybody holding national currency Dollars could buy into it easily which cannot happen with gold and silver) which it could be traded for at the first signs of catastrophic inflation would lead to discipline in in its issuance and reasonable mantainance of its store of value function.
Hi Coral,
Yes, that’s an important distinction: means of exchange and store of value.
The first is much more important.
Your approach is sensible in many ways! Thanks for the input!
Anthony,
when you write “people like Obama and Paul will continue to fool us with their Voodoo- and ‘Jewish’ Economics.”, it appears that you associate Obama with Voodoo economics in the way you phrased the sentence. I do not agree with that statement, as supply-side economics, as it was marketed by Republicans (starting with Reagan) was called Voodoo economics (reportedly by H.W.Bush, yet another Republican). However, some key-elements of Voodoo economics include deregulating the market, reducing capital gains tax and reduction of taxation for the upper tax bracket (promoted largely by Reagan’s economic adviser Robert Mundell). So really I would not associate Voodoo economics with a Democrat like Obama.
I understand. I realize Voodoo economics was used in a certain historical context.
But I like it, it’s an apt description of the current ‘science’ and ‘methodology’ that has been built up to facilitate such a massive heist.
Is Ron Paul actually serving the elite?
http://essential-intelligence-network.blogspot.com/2011/12/is-ron-paul-actually-serving-elite.html
I didn’t take offense to any of it, but I do think the terms ‘Satanic economics’ work well. Yes, I absolutely oppose the U.S invasion of the Middle East, or any where else, on behalf of this oligarchy, and their dream of becoming our gods.
Thanks for your work, keep it up!
Interesting, thanks. Particularly the backgrounds on the Austrian-Keynes dialectic.
About the Jewish connection:
In the sixties and seventies in international circles people spoke of the ‘Dutch Maffia’: the dutch were overrepresented in high positions internationally.
I choose not to take offense from that observation.
I’m also quite confident you won’t feel insulted if I denounce America invading the Middle East.
Every nation has it’s shadows to come to terms with. It seems the Jewish nation is not an exception.
I’m not sure about it being all Jewish economics, but you’re correct on the issue of government borrowing debt at interest. I thought I’d share my perspective too, which may be of interest, or not.
The “Keynes-Austrian Dialectic” as you called, is no a myth. You can trace these economic theories to a group known as the Mont Pelerin Society. A little digging there and one can see how these seemingly opposing sides come together for lunch. To eat mutton, of course.
In tracing the origin of the Austrian School one can begin with a figure named Carl Menger. This character was the personal tutor of Rudolph Von Habsburg of the fascist Austrian Empire.
See: http://en.wikipedia.org/wiki/Carl_Menger
See: http://american_almanac.tripod.com/vonhayek.htm
I’m not familiar with Krugman, but I do know Tarpley advocates returning to the Hamiltonian Credit System. This does mean a complete change in the current monetary system, but does not mean private entities making loans are barred from charging interest and fees. Private banks have a risk involved, as well as the need to make profit like everyone else.
The root of our trouble stems from our national government borrowing at interest from an international monetary system, which making our nation servant to the lender, renders our central government subject, not sovereign. This international system of financial control, lords over other nations by the same means, thus forming an empire. This is the root of our problem.
Some would question the above statement, but allow me to further qualify how this is so. Article 1, Section 8, of the Federal Constitution, gives Congress the authority to “coin Money, and regulate the Value thereof.” Does the Congress regulate our currency today? The credit of the United States is subject to private credit rating agencies. In other words, rather than Congress regulating the Value of our currency, the “free-market” does. Thus, the Federal Government is not, and has not been for a long time now, sovereign.
Those of the Austrian School of thought focus primarily on the perceived value of currency, and thus see deflationary measures as increasing the value of each dollar unit. This is not any different in thinking from those running the current monetary system. Although, the ruling economic thought has been inflationary. The core issue here is monetarism itself, that is a belief in money as holding real value.
The traditional American School of thought represented by figures such as, Alexander Hamilton, Henry C. Carey, Henry Clay, Lincoln, FDR, and many others, does not focus on the believed value of currency. Instead, the focus is turned towards things such as infrastructure, education, scientific discovery and development, protection, etc. The American Way also pays close attention to the fact that all material wealth is a by-product of the human-mind, thus increasing the powers of the human-mind leads towards an increase in material wealth.
As expressed by Carey:
“Two systems are before the world;… One looks to increasing the necessity of commerce; the other to increasing the power to maintain it. One looks to underworking the Hindoo, and sinking the rest of the world to his level; the other to raising the standard of man throughout the world to our level. One looks to pauperism, ignorance, depopulation, and barbarism; the other to increasing wealth, comfort, intelligence, combination of action, and civilization. One looks towards universal war; the other towards universal peace. One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.”
See: http://en.wikipedia.org/wiki/American_School_%28economics%29
Gold is not an option for solving our currency issues, because the government would have to borrow the gold at interest. This simply keeps us locked in the jaws of the Empire.
So, we do need a debt-free and interest-free system. In fact, we have it now just waiting to be put into practice. It’s called the American System, and it’s NOT Austrian.
Now, I’m not suggesting everything Austrian School is evil. I’m merely trying to show it’s not American, and has at its kernel sympathies for monetarism, and a fascist form of imperialism, or global governance.
I’m happy to see you’ve pointed out RP’s austerity proposals. These kinds of policies are driven by his Austrian School beliefs in the value of money. RP is a monetarist, and that’s the major issue with RP.
RP believes you must let the patient die in order to save him from the disease.
Hopefully, this comment makes some sense, and I didn’t overly generalize. I suppose if you can understand my perspective then it’s okay.