Take your Money out of the Bank NOW!
The Credit Crunch is not some natural phenomenon but an all out assault by the Money Power. What is worse: even without the crunch we are paying trillions per year in interest for absolutely nothing.
The solution is simple: quit their banks.
By Anthony Migchels for Henry Makow and Real Currencies
The Money Power’s goals are obvious. It is not just the massive multi trillion wealth transfer that is under way. It is about bringing the West down a few notches. The US seems strong with a nominal $30.000 per capita GDP, but when the dollar devalues against the Brazilian Real and the Chinese Yuan things will quickly look different. It will also end cheap raw materials.
The reason this crisis exists is because the banks, politicians, the media and economists are colluding in fooling the many into believing we need banks for our money supply. Most of them probably even believe this is true themselves.
They say we need the banks, because otherwise the real economy would have no money to trade with.
All this is complete and utter rubbish, of course. If banks can create credit, then anybody can. That’s just common sense.
Just imagine: we are led to believe that we need to cough up trillions just to have a means of exchange. One that is completely paper/computer based. I.e., almost free of cost.
Banking is part of the Babylon Mystery and bankers believe we are still enthralled with their ‘fractional reserve banking’ sleight of hand. And they are right. Although people are waking up, they still don’t get it.
A good example of this is the ‘take your money out of Bank of America’ of last October. Bank of America decides to rake in an extra 60 dollars per year with a silly fee. This upsets people.
While they are paying $300k interest over 30 years on their $200k mortgage. Which the bank created the moment they borrowed it.
Meanwhile, 45% of our disposable income is lost to cost for capital included in the prices we pay for our daily needs.
In other words: Penny wise, pound foolish.
People still don’t understand how badly they are being raped. They still don’t understand how they are fleeced through interest on fictional debt.
Coming to terms
Of course, it was a great step and absolutely fantastic to see people finally showing a little teeth. But it shows how hesitantly people are coming to grips with the reality of banking.
Boycotting the banks is the blindingly obvious approach. If somebody is enslaving you with interest and fractional reserve banking while destroying the economy by not lending why would you patronize his business?
To say this is irresponsible as it will worsen the crunch is ridiculous: propping up a system that only exists to enslave us is irresponsible, not disconnecting from it.
But only few even within the Free Media are willing to accept this simple conclusion.
The fact of the matter is: many are still enthralled with the ‘magnificent edifice of international finance’, as Rothschild mouthpiece the Economist once called it.
It is unfortunate that there is still widespread misunderstanding about both money and our real problem with it.
People do not yet understand how pervasive the enslavement through interest really is.
That’s why they fall for the notion that Gold will solve our problems. But what does it matter whether we pay all this interest for Gold or for paper based credit? The Money Power owns both and all the interest will end up in the same place.
The mind control of the rich, the social conditioning to accept the current order and its despicable ‘morality’, to defend it at the cost of oneself and one’s loved ones is very profound and pervasive in our beliefs. They are not easily uprooted, not even by the ‘Internet Reformation’.
In the mean time we are ignoring the real solution: interest free money. Either debt free, in the form of Social Credit, which would work out like a ‘Citizens Dividend‘.
Or interest free credit, through Mutual Credit.
These solutions are real and we can implement them today.
We would no longer pay interest on a mortgage, which would also mean much lower rent.
While paying 45% less for what we need, because there would be no longer any cost for capital included in prices. World Government would be dead and Big Business would face the competition of well funded small business.
The reason we are not doing this is not only because Washington and Brussels are owned by the Money Power in the City of London.
The main reason is we don’t see the problem and therefore we miss out on the solution.
Fight Back!
We don’t need to wait for reform on a national level. We can create our own currencies. High powered currencies, not just the simple barter units that are now starting to float everywhere in the world. We can create extremely effective, interest free credit based units, convertible to dollar or euro. In effect providing us with a printing press with which we can back the world interest free.
But these will take time to build up. Meanwhile, isn’t it the obvious thing to pull our money out of the banks?
How is it possible that this is being resisted by many well meaning people in the Alternative Media? Is there really anybody out there who still believes the banks will mend their ways? That they somehow will stop being the psychopathic enslavers that they are?
We should not have one dime in that system. Every dollar we put in the banking system gives them a dollar income per year. Remember that. The system, through fractional reserve banking, multiplies your dollar by ten and takes interest over each of them. Real interest (including credit cards) are probably close to 10% and that means they make a dollar per year over every dollar you have in your account.
Remember that 40 years ago nobody had a bank account. Before then there were no computers and the banks couldn’t have handled the administration.
You don’t need a bank to keep your money. The whole idea is insane! Nowhere is your money more prone to abuse and risk than in a bank.
And you can maintain an account for monthly payments, just keep its balance at almost zero. Pay your bills and take out the rest.
Force the FED and ECB to print ever more for bailouts.
Pay cash only. Don’t support their cashless society. Liquidate all your paper assets, both to blow up the system and to minimize your own exposure to the implosion. Let them squirm and lie ever more transparently with every new bailout that they need to force upon us. Let them show their hand. We’re not going to ‘repay’ odious debt.
We’re not afraid. We don’t need them.
Let them eat cake.
Related:
The Swiss WIR, or: How to Defeat the Money Pow
Mutual Credit, the Astonishingly Simple Truth about Money Creation
Understand that the Banking System is One
On Interest
Budget of an Interest Slave
This is an abridged version of Financial Warfare 2012: Boycott All Banks
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You can buy OPEC oil only with US dollars.
https://secure.wikimedia.org/wikipedia/en/wiki/Nixon_Shock
How can you get US dollars if Americans doesn’t need/buy anything from you?
If you have more than 10,000 dollars in cash at any given time, the police can(will) steal it and tell you it was going to be used to buy drugs. Also, using all cash puts you at risk of showing up on a terrorist watch list.
Finally, an article that made total sense. I’ve been wondering for years why nobody seemed to be talking about this solution. Its so obvious that the answer is to stop feeding the beast (banks) that is trying to kill and hunt you down. Banks literally create money then charge you interest for the privilege of letting you use that cash. The system is rigged from the start, you are not ment to get ahead in the money game because they loan you debt not money.
Thank you also for pointing out that precious metals like gold is not the answer either because those who control the banks also own the precious metals. After all, they have had an entire century now to buy them all up. This is why I cannot support Ron Paul, what he offers is a new system but the same masters. Banksters are predatory people who seek to enslave humans through the use of their favorite tool – money.
I would love to chat over tea with you someday. Thank you for helping get this message out. Much love to you for this article.
Hi Anthony,
Just come across your blog…really enjoying the articles…You make it so simple to understand the issues…thank you.
I would like your comment on a blog at http://fofoa.blogspot.co.uk/
His basic premise is not a gold standard as such but the separation of the functions of ‘money’…(i.e. store of value, medium of exchange and unit of account)…He states that the store of value function will exclusively go to to gold making it the asset that will absorb all the transferred value from the debt that is created by the bankers. Gold will become ‘freegold’ and will float in its ‘buying power’ in terms of the currencies of the world. So if the economy is strong its buying power will decrease and if the economy is creating a lot of debt, gold will increase in buying power in that country.
The $ will lose its reserve status and ‘store of value function’.
All currencies will be relegated to medium of exchange function and unit of account respectively for their countries.
The euro will be a premiere currency since it marks to market the value of its gold and hence its reserves have been increasing over time. The euro is free from the ‘store of value’ function so unlike the $ you do not need to suppress the value of gold to maintain its buying power.
I understand from your articles how this fits in with decreasing the strength of the US by relegating the $ from its reserve status, transferring wealth to the east from the west, making Europe the center again together with asia will make the largest trading zone. (see engdhal’s articles).
My question is this the ultimate method or the process that the money power is playing in order to enable all the above?
Also I think FOFOA is relys on the insights of two anonymous posters on the internet around 1998 to 2002 by ‘FOA’ and ‘Another’ who were presumably central bankers. I think FOFOA is stuck in the assumption that the debt is the problem.
The insight you gave me is that Germany does not allow the ECB is not allowed to buy the debt of the PIIGS whilst the Fed is allowed to. FOFOA never mentions this fact anywhere in his blog.
Please could you give an insight into the flaw in his argument apart from the obvious that he has an assumption that usury is not a problem and is needed. FOFOA seems genuine in his analysis because you state also that gold will become very expensive if the money power has its way and therefore buying ‘physical gold’ in your own possession is the only way to protect yourself for the the transfer that he states is inevitable.
I would appreciate your opinion on his blog
Thanks
MAR
Hello Anthony,
I read your article on Makow’s website and must say: “TRUTH!!”
What is amazing about the idea (and it is an idea that has been around for some time now) is that it is SO FREAKIN’ EASY!!!! Anyone can do it (and EVERYONE should do it!!).
Pull every single investment out of whatever national bank it is you use (that uses you).
Instead, find a smaller credit union. They will often have agreements with banks and other credit unions which allow you to use other ATM’s with no fee. For instance, my credit union has a number of agreements with both banks and credit unions that allows me to both withdraw money and make deposits without having to drive to my credit union’s branch (for those of us who live outside of cities, this is important).
If you don’t want a credit union, choose a small, independent, local bank. The town where my business is located has an independent bank (with 4 total locations) and happens to be the oldest bank in Oregon. I do all my business banking with it. For personal finances I use a local credit union. It’s bad enough that I have to take credit cards at my business, which puts $$$ in the Bankster’s pockets. However at least I don’t have my personal or business accounts with them.
As you say, Let Them Eat Cake (and choke to a miserable death!!)
Very useful article. Thank you very much. I am looking forward to more articles.
Great blog.
“SOCIAL CREDIT MONETARY REFORM”
You cannot reform anything, including money – nothing can be reformed – The Protestant Reformation is living proof of this. All you can do is completely scrap the present system and start afresh with government or the people’s printed money just as Lincoln did and Kennedy attempted to do. Usury based systems are the problem, that’s all. If the nations of the world united in this aim then the banksters would be screwed.
It’s rather hopeless in the USA because the parties that everyone look toward as being true reformers, Ron Paul (rep) and the Gary Johnson (Libertarians) have exactly this presupposition for all of economic and monetary programs:
“UNDER THE PRESENT MONEY SYSTEM, THE RICH AND THOSE PEOPLE WITH FINANCIAL ACCESS AND POLITICAL INFLUENCES ARE OFTEN QUICK TO BLAME THE POOR FOR THEIR POVERTY, ATTRIBUTED TO A FAILURE TO WORK (which is not always the case, not always true) BUT BEING BLIND TO THE ROOT-CAUSES OF POVERTY AND AT THE SAME TIME THEY CONVENIENTLY FORGET THEIR OWN OMMISSIONS, FAULTS, PARTICIPATIONS TO THE TRAGEDY OF POVERTY OF MANY AND FORGET THE VARIOUS METHODS WHEREBY THEY THEMSELVES MAKE MONEY (SCAMS, RACKETEERINGS, CORRUPTIONS, IMMORALITIES, ETC.) WITHOUT WORKING. Many rich people are hypocrite and liar.”
The democrats (Obama) operate under his assumption in practice but disguise it with populaced lies and rhetoric. Rarely to they castigate the real source of theft as a result of unproductive labor — e.g., usurous banking and its various manifestations in speculation.
Like Al Thompson said below, people that have stepped foward into the limelight with real solutions that you have outlined in superabundance, have been completely ignored, persecuted and murdered. I suppose if millions rose up a once, there might be too many to dispatch in this way; but too many are still asleep and mesmerized by establishment propaganda.
The aim of the economic and financial system is the service of man. The goal of an economic system should be the satisfaction of human needs, the production of goods (the role of the producing system) and the distribution of goods so that they may reach the people who need them (the role of the financial system). Social Credit proposes a technique that would make the production and financial systems serve their purpose.
Anthony,
Your ideas are good, but the problem in the USA is that anyone who tries to establish alternate currencies usually get murdered or put in prison. John Kennedy tried to establish US Treasury notes which were debt free. Another man tried to establish the “Liberty Dollar” only be have his coins confiscated and he’s now trying to stay out of prison.
It isn’t like no one has tried in the USA, but they are simply killed or put in jail if they do it.
I still think its possible to introduce a debt free currency without having its existence dependent upon the welfare of its creator. I have in mind a currency like bitcoin that could gain an autonomous and unstoppable life of its own once enough people started using it.
Or perhaps, a outbreak of many different local debt free currencies simultaneously in different parts of the global economy along the ideas of Anthony Michgels could work as well. It would have to happen on a large and diverse scale to work imo.
No, not really Al. There are the Berkshares: a regional currency circulating a few million. No problem there. If you try to take over teh system, like Kennedy did, yes then there will be mayhem. But a few thousand private currencies would be very, very difficult to stop.
IT’S ALL BULLSHITS IN THE WORLD OF MONEY CONTROL,
SCARCITY AND ENDLESS MISERIES
By Eric V. Encina
“It’s all bullshits/ bollocks in the world of money control, scarcity and endless miseries” – Eric V. Encina
1. The inevitable and almost total restriction of money is a bullshit!
2. The actual lack or in many cases absence of money is all a bullshit!
3. The eventual and inevitable indebtedness of peoples, businesses, families and the government (also most nations) with skyrocketing interest payments at the expense of the poor populations already in utter agony are all a bullshit forever!
4. The continual unjust increase of taxes, penalties and charges is all a damned bullshit!
5. The continuing inflationary pressures being played like a toy is all a bullshit!
6. The frequent devaluation of Philippine Peso currency versus other currencies is all a bullshit!
7. The unjust and unfair daily fluctuation of currencies is all a bullshit!
8. The frequent, unjust and unfair increase of prices of basic needs, prime commodities, bills and services such as transportation is all a bullshit!
9. The calamitous increase of material and monetary poverty to most inhabitants in most impoverished region, provinces and villages in the Philippines is all a bullshit!
10. The calamitous cases of pitiful hunger and malnutrition of innocent children and diseases despite of the age of global plenty is a damned bullshit than ever!
11. The increase of heinous crimes and violence – the increase of prisoners daily at overcrowded jails and prison houses is all a bullshit!
12. The deteriorating and devastating breakdown of the family and of the community is a hell-like bullshit!
13. The increasing massive problems of unemployment, under-employment or under-ground employment involved in criminal operations is all a damned bullshit!
14. THE PROBLEMS OF BRAIN DRAIN IN THE PHILIPPINES where around 5,000 to 6,000 up to 10,000 Filipinos particularly among women, mothers leaving behind their family members and children, and leaving the country daily to overseas nations for work, employment, migration, immigration, practically for survival is all a damned pestilence bullshit!
15. The increase of slavery, child-hard labor, abuses and prostitution or transactional sex, drug, liquor and cigarette addictions to numb their poverty and sufferings is a hell-like satanic damned bullshit!
16. The massive destruction of the environment and the eco-systems is a bullshit!
17. The increasing rebellion, insurrection of the masses is a damned hell of bloody battles and massacres-bullshit!
18. The shocking increase of suicide cases in the Philippines around reportedly 1,000 daily in the countryside and increasing is always a bullshit!
19. The increase of mental illnesses is a bullshit!
20. The increase of murdering the innocent unborn children by abortion in the wombs because of money and poverty problems is all bullshit!
21. Despair, and Loss of Faith in God is all a bullshit!
22. The division of peoples and endless political animosity, crisis and bickering of parties and factions is all a bullshit!
23. The poor education or mal-education of peoples is all a bullshit!
24. The homelessness of many poor families in the slum and squatter areas. The eviction of tenants and the poor families due to increasing rents, the loss of income, etc IS ALL A DAMNED BULLSHIT!
25. The increase of both man-made and natural calamities. Oftentimes, calamities are well-designed by man-made technologies of evil men in control. Calamities by nature and by God can’t be questioned are all damned hell-like bullshits!
26. The transgression of God laws and commandments, and hatred of peoples to each other is all a hell-like satanic bullshit!
27. The increase of corruptions in the public life without any shame is all a curse bullshits!
28. The behavioral changes of peoples either criminal and suicidal are a damned bullshits!
29. The increase immoral manners of peoples destroying moral life and become disastrous to humanity are all a damned bullshits!
30. The lack or loss of interest to live and the loss of meaning of life is a run away bullshit!
31. The increasing cases of millions of Filipino families suffering hunger and starvation in the countryside because of the lack of money, income is an eternal hell of bullshits!
AND WORSE OF ALL IS THE COMPLETE MANIPULATION AND CONTROL OF THE RICH NATIONS FOREIGN POLICIES AND THE MONITORING CONTROL OF THE UNITED NATIONS (UN), INTERNATIONAL MONETARY FUND (IMF) AND THE WORLD BANK (WB) AND THE SUPERVISION OF THE BANK OF INTERNATIONAL SETTLEMENT ( BIS) OVER THE CENTRAL BANK OPERATION IN THE PHILIPPINES are all the damned pestiferous and curse-like bullshits!
Eric V. Encina
Filipino Social Credit/Monetary Reform/Economic/Monetary Justice Campaigner
Usury-Free Currency/ Money Campaigner
Philippines
eric_encina@yahoo.com
eric.encina8@gmail.com
Why not invest in precious metals Anthony?
Two reasons: the gold just sits in your back yard, not being productive in teh community.
Second: you unwittingly support the movement towards gold as currency with all it’s dangerous implications (see the faux economics page)
But what will be do when there is hyperinflation? I mean I understand how you think but we need to survive also.
so what do you do with all the money withdrawn? put it in a safe deposit box? buy precious metals?
these are options, although I don’t support hoarding the means of exchange, nore in a bank, nor cash. Money is not meant as a store of value.
Pay off debt, pay some suppliers up front, invest in cost cutting measures, give it or some of it to people who need it more, invest in local businesses, businesses of your own, of people you know.
I guess get the picture.
Good to be aware of the opposition
Alex Jones calls for Occupy Bilderberg
05-02-2012 • http://www.prisonplanet.com
On May 31, the annual Bilderberg conference will take place in Chantilly, Virgina. Every year the world’s elites meet to make decisions that could potentially have an affect on millions around the
http://www.freedomsphoenix.com/News/110962-2012-05-02-alex-jones-calls-for-occupy-bilderberg.htm?From=News
One wonders how much AJ’s got sitting in his bank accounts………..
And more importantly, who pays him and finances his fancy web pages and radio progs? Answers on the back of a postage stamp – thank you.
Accounts (plural) is surely and certainly correct.
I’d love someone from Austin to reveal where Jones banks… that would be a clear indicator of his true aims.
http://www.realzionistnews.com/?p=413
I wonder if Alex Jones’ good friend and recipient of 2.7 millions from the Bilerburgers, Ron Paul, will be there.
If he was really opposed to the Bilderburgers he would have not supported Paul for this reason, not to mention many others such as Paul being a high degreed Rosecrucian.
Don’t use a bank for anything – use a credit union instead. These are non profit, so they are not legally obliged to make as much money from you as possible.
They certainly are a lot less nefarious than the Wall Street vipers. But they still are part of the same system. I’d take my money out of them too.
we need to get rid of the interest bearing banking system altogether.
Anthony is right, i won’t argue with him on monetary issues. However, putting their money in a credit union prevents them directly from using it to enrich themselves at your expense (they still can tax it by inflation). It also gives you a little more protection against outright confiscation as with what happened at MF Global. It’s not the best way to fight them, but imo at least its not a step in the wrong direction. To find a National Credit Union Assoc. insured credit union in the USA just type in your zip code here http://cuonline.ncua.gov/CreditUnionOnline/CU/FindCreditUnions.aspx
My idea of a credit union was like that of a small community business in which everyone pooled their money for the benefit of themselves and the community. All interests on loans went directly to themselves. But i guess if your using the banksters usurous property, this benefit is irreparably compromised from the start.