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Two Brilliant Films: ‘Renaissance 2.0 – Financial Empire’ & ‘Princes Of The Yen’

by on December 20, 2014
Richard Werner

(Left/Above: Richard Werner, whose thinking is behind ‘Princes of the Yen’.)

Two films expose in no uncertain terms the core issue of our time: how the financial system has come to dominate the globe by centralizing wealth and power through Usury, the manipulation of the volume of money, and centralized control of credit allocation.

This is the core of the conspiracy industry: that history is not so much a matter of competing nation states, but that a shadowy elite rules the world from behind the scenes, and that the core of their power is through control of money.

There has been, and there will continue to be, an endless debate about who is ultimately behind it all. Some clarity is slowly emerging there too, not in the least because of the light that has been shed on the long term history of the human species, including the advanced old civilizations that once dominated the planet. And of course the profound spiritual implications of these matters.

But surely by now it should be clear that “The world is governed by very different personages from what is imagined by those who are not behind the scenes.”

We are indeed slaves and the Matrix owns us, lock, stock and barrel.

Understanding how it all came about is impossible without a basic grasp of how their control of money governs our lives.

And these two films, ‘Renaissance 2.0 – Financial Empire’ and ‘Princes of the Yen, Central Banks and the Transformation of the Economy’ paint a crystal clear picture of the main issues.

The first focusses on the effects of Usury, the second on how Central Banks create booms and busts through the manipulation of volume. It also explains in simple and direct terms what power there is in credit allocation.

These are the three main issues with money as we have identified them and both films strongly reinforce the message. They certainly widened my horizons.

Renaissance 2.0 – Financial Empire

This film was created by Damon Vrabel. Here is an interesting article by him on Usury. His basic take is very sound, focussing on its exponential nature:

“The exponential math not only creates exponential debt growth, but also exponentially increasing:

  • Scale – government and businesses keep getting bigger; we get smaller and local communities lose their meaning
  • Velocity – the hamster wheel keeps spinning faster; human life suffers
  • Consumption – we buy more and more things that break more quickly
  • Production – we make more and more things that break more quickly
  • Inflation – the dollar buys less and less; we can’t seem to make progress

None of these things have to happen in an economic system. They only happen in ours because of debt-based money, usury, that greatly benefits the top of the pyramid while everyone else suffers to a certain degree depending on their level in the pyramid.

So this system is guaranteed to fail due to not only the impossible math, but also the fundamental immorality. Taken together those five issues paint a horrible picture.”

The film is basically a presentation he put together. It’s well done, with clear cut visuals that center around the pyramid of power, similar to this one:

Usury's Pyramid

Usury’s Pyramid

It greatly helps to keep this picture in mind always. It’s simply the nature of power and it’s behind all their schemes, from Libertarianism to Marxism.

Vrabel points at the two tier society that is automatic with Usury. He discusses many interesting dynamics of the monetary system, pointing at the different implications for those in their respective layers of the pyramid. For instance how cost for capital rises when you go lower into the pyramid.

Another great feature is his critique of ‘modern economics’. He makes a solid case, showing once more how ridiculous it all really is. It’s very important. We must rid ourselves of the heinous nonsense that they pay their academics to produce. It’s all rubbish, existing only to explain why we must be in bondage.

Princes of the Yen, Central Banks and the Transformation of the Economy

The film begins by saying: ‘This is a film about the power of Central Banks. Central Banks have the power to create economic, political and social change. This is how they do it’.

And that’s exactly what the film shows. It’s based on a book by Professor Richard Werner, who is well known for his work on credit creation and management of the volume of money. He worked in Japan for years and knows the monetary situation there from the inside.

The film discusses Japan’s economic development since the war. First its rise to world prominence, then the despicable, purposefully engineered boom of the late eighties, and the even much worse and equally well planned 1989 and beyond bust.

Its analysis is very clear cut: the post war rise was a result of strongly centralized financial management by BoJ, which basically ordered the banks to lend so and so much to this and that sector in the economy. Japan was actually operating a war economy in those years, but directed at production and consumption, instead of destruction.

BoJ’s technocrats ruled like emperors, completely controlling the economy by exact management of who would be financed and who not. They created the second biggest economy in the world from scratch in only a few decades.

Undoubtedly this was part of the Money Power’s larger designs. However, in the film the focus is completely on solid information that can be well gleaned from what is visible in the public domain.

Werner shows how BoJ’s officials then changed tack and wanted to force on Japan a change to a ‘free market’ and consumerist economy with associated growing gap between the rich and the rest. It wanted to break the classical control structure of Cartels and Government (especially the Ministry of Finance) power. They called this ‘the need for structural reform’ in typical banker fashion.

To foist this on an unwitting public, they first created a huge boom with insane credit expansion, ordering the banks to expand credit at 15% per year. This led to maniacal real estate speculation, where at its peak the small island of Japan was worth four times more than the entire United States. Then the bubble was popped suddenly and prices contracted up to 90%.

Japan never recovered, mainly because BoJ has sabotaged every attempt that the Government made to reflate the economy. This was simply done by taking out of circulation whatever extra money was pumped into the economy by the State.

The film makes abundantly clear, in neutral and understandable terms, that the whole boom and bust thing was and is purely driven by inflating and deflating the money supply. The case is undefeatable and it’s so vital to understand. The volume of money is what drives booms and busts. Nothing else. It’s all pure banker manipulation.

The volume of money must be managed, it’s unavoidable, the idea of a ‘free market’ doing it is irrelevant. The only question is how the volume is going to be managed: by megalomaniac fools running amuck, unseen by a brainwashed public, or in the service of the public with sufficient people understanding what is going on. It’s not brain surgery, all that’s needed is some basic education concerning the facts.

The film then continues to explore the implications of such blatant banker control and manipulation in the cases of the Asian Crisis in the late nineties and the current Euro Crisis. There too, the situation could well be (or have been) resolved by sound policy, but it was and is simply sabotaged because nobody understands monetary policy and bankers have their own plans.

Werner focuses on Central Banks and paints the banks themselves as the flock following the piper. But of course the Banking System is One and the major commercial banks are well on board with these machinations. But let this minor issue not distract from the film’s achievements. This is a hard hitting exposure.

Conclusion
Watched together, these films show how the monetary system completely controls the economy and by extension everything else too.

‘Financial Empire’ focuses on Usury, ‘Princes of the Yen’ on the volume of money, and credit creation and allocation. Together, they paint a comprehensive picture of what is really going on on a monetary and economic level and its implications for the human condition.

Devising and implementing strategies to stop this Behemoth is actually what should be keeping everybody awake at night. A reasonable deal for everyone is well within our reach. Both films help us keeping our eye on the ball.

Also highly recommended for the uninitiated, as they are both very accessible.

Ideal for the quiet days between Christmas and the New Year.

Related:
How Usury Encloses The Commons
Banking Is Institutionalized Murder!
Capitalism Is Jewish Usury
Rationalizing Usury: the Time Value Hoax
Derivatives, Or: How The Money Power Created The Greatest Depression
The Goal of Monetary Reform
Understand that the Banking System is One
The Silly Pseudo Science that is ‘Modern Economics’

38 Comments
  1. Reblogged this on Catetan Bang Doel.

  2. KSS permalink

    Richard Werner – The Case for Local Banking

  3. Liam B Allone permalink

    You had me until 28 minutes into the first video – lesson 4 – when he explained that the fundamental problem is that P 0
    Let B = some value > 0
    A = A + B is the LIE OF OUR CURRENT SYSTEM!

    You can’t meet the prices of our goods and services with wages only. There is an institutional shortage of money that is built into the system. This is the REAL FLAW of our present economic system – THE GAP! You can’t hit a target you can’t find. You need to get your focus correct FIRST.

    He stated in the earlier lessons that there is a fundamental shortage of money and that is absolutely true. He showed who is behind the pyramid of power and that also is true. He laid the blame squarely on the owners of the bonds and that also is true. He said that all money today is issued as debt and that also is true. What is not true is that interest is the ROOT CAUSE of our present debt slavery – that because interest is not issued with the newly created money is the problem. The REAL AND CORRECT ROOT CAUSE IS THE SHORTAGE OF MONEY CAUSED BY THE GAP IN PURCHASING POWER THAT IS MATHEMATICALLY EXPRESSED AS ” PRICE – B”

    Elimination of interest on loans won’t fix ANYTHING. We could mandate that all loans be FREE and we’ll still have other B costs. Interest is just a B cost – like capital equipment, raw materials etc. If you eliminate interest, the gap will still be there because there is still no solution to address the rest of the B costs that can’t be met. Now turn this all on its head for a moment. Let’s say we issue debt-free money to everyone in the form of guaranteed income and eliminate all welfare to take the negative implications of a free handout out of the equation. Let’s make sure there is enough issued to cover ALL B costs – including interest that was not originally issued. If the shortage of money is always and continuously addressed, can you not see that the NEED for loans would fall precipitously?

    Why can’t you see this OBVIOUS TRUTH? YOU HAVE A BLIND SPOT!!!!!!!! Get the frigging log out of your eye!

    • Liam B Allone permalink

      Doh! The first part got cut off. Here is what is missing in the above post:

      You had me until 28 minutes into the first video – lesson 4 – when he explained that the fundamental problem is that P 0
      Let B = some value > 0
      A = A + B is the LIE OF OUR CURRENT SYSTEM!

      … now pick up the rest in the previous post…

    • Liam B Allone permalink

      It’s all fine and good to clearly identify who is at fault but let’s accuse him of the correct offense! Andrew Jackson made the fatal mistake of mis-diagnosing the true cause of America’s woes when he dismantled the Second Reserve Bank of the United States but failed to address the GAP. Within 20 years, America was back in the shitter!

    • Ross N. permalink

      Douglas, so many insights and yet he didn’t quite get there.

      On Douglas: Warn Dem: 31; “..regard the money system and the price system as a double-entry system of book-keeping. Every article is produced has a price attached to it, and somewhere on the opposite side of the account there should be a sum of money capable of moving each and every article out of production system into the consuming system.”

      Douglas also in N&O Econ: 18-19 replying to Professor Copeland’s pamphlet: “At this point it may be desirable to deal with the common error that the circulation of money increases its purchasing power.”…and “If I pay the L1 (one pound) to the butcher and he pays the L1 to the baker for bread, which the baker has supplied to the butcher then two debts are liquidated.”

      And, “The vital fact is that one unit of money can circulate an indefinite number of times through the costing system, in each case creating a fresh cost or, if it be preferred a fresh debt charge, but not fresh purchasing power.” … and, “The average antiquity of debt charges against population is more than two and ½ weeks. It is certainly a considerable number of years, but it would be difficult to say exactly what it is.”

      My answer to Douglas is that the unknown number of years of circulation is the “money supply.” My other answer is that double entry system attaches prices to land. Land is the fungible asset for double entry credit. So, this type of credit is a mismatch for a purchasing power unit needed for transactions. This is why land is overpriced. The land value of the state of New York exceeds all industry in the U.S.

      In Worgl, it was demonstrated clearly that velocity does increase purchasing power. In Gesell’s system, it was floating (non-credit) money forced into velocity with demurrage. Therefore this money has no accounting periodicity. Douglas would introduce purchasing power outside of credit system (floating money like Gesell’s), and Douglas only obliquely dealt with it. It has to be dealt with via taxes:

      Douglas on taxes: Warn Democracy 175-6. Public Services require a provision of goods and services, and the mechanism by which these are transferred must be by taxation.

      Later Douglas says that taxes could be direct or indirect, and that indirect is preferable. Indirect is sales tax and is preferable due to limited administration costs. See my previous comment about land tax, which credit is based on through double entry, and hence this credit pushes land as an asset class.

      Floating money, or money injected outside of credit system – to increase purchasing power to offset the gap, will return to private banking system to pay usury. There it will pass through your double entry ledger and land on the bankers. Douglas Gap theory does not acknowledge how private banking works, especially how usury pays the banker first as seigniorage. Banker has your former credit; it did not decrement your ledger and therefore was not opposite prices. Banker can then withhold his usury and a two loop economy is born. In other words, it is not a simple one side is prices and the other side is ledger model.

      Credit theory will also push those assets that are fungible to the ledger e.g. land – especially land since it is limited in supply.

      I’ve also yet to find Douglas understanding the different kinds of markets. Government may survive by fees on inelastic markets (not taxes), where its necessary presence keeps monopoly forces at bay and rental costs down.

      Real freedom is delivering costs a lowest price, and Douglas Credit theory is a primer. But, to advance further we need to understand rental theory. As well, there are different kinds of money units: Credit, Floating. Private bank credit may have long accounting periodicities, but for sure it comes into being inequitably and destructs inequitably. Each of these money units in turn may channel differently. So, any reasonable money theory must deal with volume, money type, and channeling.

  4. taylor dunne permalink

    Interestingly, Renaissance 2.0’s creator Damon Vrabel went dark in 2011 with a curious, if dispiriting, sign-off.

    http://unspy.wordpress.com/follow-the-money/debunking-money/

    True to his word, there are no subsequent Google references. Did someone give him a big promotion or has he learned to love the debt-bomb?

  5. Reblogged this on TheFlippinTruth.

  6. Nahh permalink

    The second video is interesting.

    If I may,

    The first one is really bad brings more confusion to people than solves anything.

    First of all, it’s masonic from beginning to end, using these “saints” of liberals (or should I say Marxists).

    After he asks, philosophy is to think freely. Nothing could be further from the truth, The philosophy of Aristotle is basically organize everything just to show the obvious.

    Also he puts Aristotle above Jesus in the list, that is telling, so I would say that he is of the gnostic line probably.

    Aristotle puts a slave as a animated object. All the Greeks geniuses were not “good” in the way people think today (the Jesus way).

    Equates Jesus, to Mohamed the rapist heretic, Budda that do the opposite of Jesus in relation to the weak, Martin Luther king and Gandhi, both communists and with really bad habits.

    He says people criticize Bob Marley and Grateful Dead for being hippies and druggies, well they were, you might don’t agree with people’s judgment but that doesn’t change the facts.

    Well just to cite some of the problems.

    People need to realize that the two major masonic points is Freedom ( of press, religion and speech) that means liberty of God. That translate in the ability to LIE.
    You have “freedom” to do the right thing. And you have the “freedom” to chose your wife/husband, occupation, job etc.
    You don’t have freedom to advocate abortion (murder), falsify God’s teachings, theft (communists) etc
    The other is Equality, there is nowhere to be found on real world because it doesn’t exist, that is why Jesus (or better saying God) trough his teaching makes the strong, the rich and the wise to work for the weak, the poor and the simple men.
    They use this to make Christians guilty and divide them, because Christians who don’t trust the hierarchy (when they are valid). They do the same in other heritages too.
    They accuse Christians of a lie or an isolated case and try to blame in all. Christians should be ashamed of not following Christ nothing else, go to confession, restitution and penance. Is it hard to do just that?

    Muslims are the first military creation of the “Jews” you can see in their own writings, the blind “monk” who reads PARTS of the Bible. Who reads parts of the bible I ask you (and he is blind, what a joke) ? That is not the Catholics.
    And the whole story of Mohamed is telling, his first wife was Jewish, almost for sure, it says that she was from a monotheistic etc, etc.
    But I guess it back-fired at some point too. But make no mistake it’s the same Babylonians, the synagogue of Satan is always behind, it’s the “invisible” hand.
    After that fade away, they fund the North of European tribalists and the principle is the same.

    If the Christians unite (become Catholics again) there is hope, because all other systems available are all the same pyramid with people who are not committed with the TRUTH nor their fellows.
    The church declared masonic participants or helpers excommunicated since the XVIII century, so there is no one single Catholic in charge of this disaster of modern world.

    But all Catholics (much more the heretics) are guilt of not following the Church or not evangelize enough (that is not following the Chruch).

    The heretic Popes and hierarchy will be declared (they are already) as such once the Real Christians regain the papacy. Until that do your homework and seek for salvation, “the change in the world” will follow that. And that include usury =).

    When we Blame the “Jews” or the “masons”, are the ideas that we are fighting, so if people is going to fight for real they need to first go back to Church (not the building or the apostate hierarchy, that is not the Church, the teachings) , organize a resistance, and block all kind of shit ideas.

    For whom more guilt is attributed, a abortion defender or a murderer ?
    Karl Marx or a communist ?
    Adam Smith or the invisible hand?
    Luther (another demonic prick, in him own writings) or the protestants ?

    You see, everything that took 1000s of years for the Greeks to discover with their philosophy, incomplete though, was in the REAL JEWS (that is Catholicism today) religion since the beginning,

    The plan is always the same a cabal (Plato, Aristotle, “Jews”, Mason, Buddhists, etc) who rules arbitrarily. Or you can be Catholic and deal with God the real one and say to hell with your man-made rules, even to the “Pope”(if he is a real one you should obey though). The Church (those who follows the teachings of Christ and the only ones who can possibly obtain salvation) knows better.

    “20 Where is the wise? Where is the scribe? Where is the disputer of this world? Hath not God made foolish the wisdom of this world?
    21 For seeing that in the wisdom of God the world, by wisdom, knew not God, it pleased God, by the foolishness of our preaching, to save them that believe.
    22 For both the Jews require signs, and the Greeks seek after wisdom:
    23 But we preach Christ crucified, unto the Jews indeed a stumblingblock, and unto the Gentiles foolishness:
    24 But unto them that are called, both Jews and Greeks, Christ the power of God, and the wisdom of God.
    25 For the foolishness of God is wiser than men; and the weakness of God is stronger than men.
    26 For see your vocation, brethren, that there are not many wise according to the flesh, not many mighty, not many noble:
    27 But the foolish things of the world hath God chosen, that he may confound the wise; and the weak things of the world hath God chosen, that he may confound the strong.
    28 And the base things of the world, and the things that are contemptible, hath God chosen, and things that are not, that he might bring to nought things that are:
    29 That no flesh should glory in his sight.
    30 But of him are you in Christ Jesus, who of God is made unto us wisdom, and justice, and sanctification, and redemption:
    31 That, as it is written: He that glorieth, may glory in the Lord.”

    Take care Anthony ! You should convert =P that would make you unbeatable !

    • I believe in the Spirit Nahh, not in Christianity or any other religion. I’d take a truthful nominal atheist over your average x-tian any day. I rate a compassionate Buddhist a thousand times higher than your average preacher.

      Mind you: the essence of Christ’s message was ‘believe in Me and you have eternal life’. This essence cannot be understood without answering that famous question that Jesus put towards his disciples: ‘who do you think I am?’. Even his disciples answered differently and most answered wrongly.

      The elect fear God’s judgement, because they are not impressed with their own faith. Those strongly convinced they are saved are usually furthest from the Spirit.

      Vrabel’s analysis is spot on. I think you’re allowing yourself to be distracted from the main message by off topic details.

      • Nahh permalink

        Well there are very few Christians today. Few few, like thousands or couple millions.

        But for real Catholics just few are saved, that was always the creed. Even St. Paul had fear for his salvation and these people don’t.
        Once saved always saved is protestantism that infected the Novus Ordo sect, and it came directly from the Jewish cabal. Any coincidence with “God’s Chosen” people is not mere impression.
        And most of the so called traditionalists have the opposite problem. They cut it off any spirit and just take Natural aspect of the faith.

        Now a truthful atheist is something that doesn’t exist, I was agnostic when I was younger, but to be atheist you need to be really stupid. I was kind of a Buddhist if you like, I believe in God but not as a person. And I thought He didn’t care, but I was wrong.

        And Man just the DNA refute all sort of a non-designer theory. If they were truthful they would accept that they were defeated.

        “And he went through the cities and towns teaching, and making his journey to Jerusalem. 23 And a certain man said to him: Lord, are they few that are saved? But he said to them: 24 Strive to enter by the narrow gate; for many, I say to you, shall seek to enter, and shall not be able. 25 But when the master of the house shall be gone in, and shall shut the door, you shall begin to stand without, and knock at the door, saying: Lord, open to us. And he answering, shall say to you: I know you not, whence you are. 26 Then you shall begin to say: We have eaten and drunk in thy presence, and thou hast taught in our streets. 27 And he shall say to you: I know you not, whence you are: depart from me, all ye workers of iniquity. 28 There shall be weeping and gnashing of teeth, when you shall see Abraham and Isaac and Jacob, and all the prophets, in the kingdom of God, and you yourselves thrust out. 29 And there shall come from the east and the west, and the north and the south; and shall sit down in the kingdom of God. 30And behold, they are last that shall be first; and they are first that shall be last.”

        But a “compassionate” Buddhist is not a Buddhist, Buddhism is introspection by definition. It’s to turn yourself off the world. This world is evil for Buddhists.

        For Christians the world is Good and we, assisted by demons, make this world the way it is. It sounds similar but it’s not.
        With all respect I have for Japaneses and Chinese, I appreciate their art and some natural aspects of that people, but I wouldn’t like to live in that kind of society.
        If they convert man, that would be something powerful.
        As the Japanese Catholics are, really beautiful story they have.

        It’s not off topic because he use those figures as arguments.

        “Even his disciples answered differently and most answered wrongly.”
        Well they were not inspired by the Holy-Spirit. And Peter was. Also you need space for God’s providence, and that is characteristic aspect of the Holy Spirit.

        So God is the Father normally attributed with power, The Son (Jesus) normally related to the teachings, and The Holy Ghost normally attributed with inspiration, providence and miracles.
        They are one God in all respects, that is what the trinity means.

        The trinity doctrine was made by the Church. Based on what was revealed just to make clear.

        “13 And Jesus came into the quarters of Caesarea Philippi: and he asked his disciples, saying: Whom do men say that the Son of man is?
        14 But they said: Some John the Baptist, and other some Elias, and others Jeremias, or one of the prophets.
        15 Jesus saith to them: But whom do you say that I am?
        16 Simon Peter answered and said: Thou art Christ, the Son of the living God.
        17 And Jesus answering, said to him: Blessed art thou, Simon Bar-Jona: because flesh and blood hath not revealed it to thee, but my Father who is in heaven.
        18 And I say to thee: That thou art Peter; and upon this rock I will build my church, and the gates of hell shall not prevail against it.
        19 And I will give to thee the keys of the kingdom of heaven. And whatsoever thou shalt bind upon earth, it shall be bound also in heaven: and whatsoever thou shalt loose upon earth, it shall be loosed also in heaven.
        20 Then he commanded his disciples, that they should tell no one that he was Jesus the Christ.”

        Here he founded the Church. The son of God just can possibly be a God. This is the real meaning and the way the ancients understood it.

        It’s different from the Greek myths though. And because Greeks didn’t have the perfect logic as they didn’t understood God perfectly, Aristotle was the last great one (and the best) before the Cristian era and he has some problems of thinking in these matters.

        If you think in todays mathematics logic for example.
        God is infinite, infinite divided by 2 (3 really) is infinite.

        That is Jesus Almighty , all powerful, all wise, eternal, That is God and that is Jesus.

        And he is completely human from his flawless mother (Mary just can be possible mom of God if she has no sin not by her merits but by God’s grace, that is what protestants don’t understand, because sin is something of Satan and God is flawless so he has nothing to do with it).
        So his human side is the new Adam, a perfect man, who always no matter what obeys God.

        100% man and 100% God.

        To be perfect is to obey God in everything, and that is (and brings) wisdom.

        See for instance, as I mention above:

        “For the foolishness of God is wiser than men; and the weakness of God is stronger than men.
        26 For see your vocation, brethren, that there are not many wise according to the flesh, not many mighty, not many noble:”

        Because a true Christian following the Church faithfully in practical life has perfect wisdom even not knowing. And everybody can see that as I said before. Everybody no matter what recognize Jesus merits.

        Christians need a little Holy Anger specially against the pharisees and the money changers, that is something thinking in Jesus as a just Spirit or a Philosopher won’t work. And that I give you 100% reason.

        He is much more than that, He is God.

        Take care Anthony, don’t get mad at the sinner just against their (ours) sins !
        I appreciate you work man, hope you don’t get offended, I’m doing what Jesus told me =P !

        That is the only solution though. The Church is the Think-thank of Good men given by the Good Lord !
        It’s full of sinners and rats but it’s a good ship made of Noah’s Ark Wood, you can’t ask anything else in this vain world other then a great ride fighting against the darkness !

        Peace be with you !

      • KSS permalink

        James Cutsinger on the true identity of Christ.

        “The concept of first-born takes on a cosmic dimension. Christ, the incarnate Son, is God’s first thought, preceding all creation, which is ordered toward him and proceeds from him. He is both the beginning and the goal of the new creation.”
        ~ Joseph Ratzinger

  7. Understanding the predatory financial system just became much more urgent as the stakes were recently raised – we’re being set-up for knock-out punch as “we the people” are now on the hook for hundreds of trillions in derivatives.

    Yes, we’re securing, back-stopping, literally hundreds of trillions of n the derivative casino. We can’t win as we do not share in any gains – we just pay losses.

    First, Zero Hedge reported Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For”

    “Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:

    “At least we now know with certainty that to a clear majority in Congress – one consisting of republicans and democrats – the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page “blank check” term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008.”

    How long before the derivatives start blowing up? Ellen Brown writes Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

    “The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.

    “Senator Elizabeth Warren charged Citigroup last week with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.”

    • Yes, I agree. Ellen recently also put out a good vid discussing how derivatives are used to take the depression to the next level.

      We can expect a huge derivative bust any time now.

  8. A bit off topic, but I think Gary North has been demonstrating exactly what Libertarianism means over at LewRockwell. If you check out his last two posts on the subject of Immigration/Globalism and Jobs, he has let slip that the living standard and overall wages of the West are going to have to fall in order to compete on the international Free Market (i.e. the global big business slave market):

    http://www.lewrockwell.com/2014/12/gary-north/do-illegal-immigrants-steal-americans-jobs/

    http://www.lewrockwell.com/2014/12/gary-north/no-need-for-immigration/

    • That’s Gary🙂

    • Here’s some more from the Mises boys: ‘defending Scrooge’.

      His clerk’s skills just weren’t worth more in the free market, you see? Scarce money does not exist and nobody can blame Scrooge for not lending without interest!

      Happy Christmas Ludwig!

      http://mises.org/library/scrooge-defended

      • While we are at it, I think that we should rehabilitate Fagin for his entrepreneurial management of young employees (and Dickens should apologize for being anti-Semitic). Also, Oliver Twist was an ungrateful wretch who didn’t appreciate the benefits to society that workhouses brought.😉

      • The dramatization article on LewRockwell is even worse:

        http://www.lewrockwell.com/2014/12/butler-shaffer/the-case-for-ebenezer-2/

        • It’s really very sad, isn’t it TimesandDreams?

          Mises was a real miser and it’s a little sickening how many people Libertarianism managed to sucker into this atrocious mindset, all packaged as ‘opposition’. And the fierceness with which they defend their indefensible positions! Quite typical of the ideologue and totally the same as when dealing with the marxists.

          • Like a lot of people, I was attracted to Libertarianism/Survivalism when I first got into the alternative media. The antiwar and anti political corruption element of libertarianism as well as their presentation of some alternative concepts seem attractive to many. The prominence of Libertarian ideals in the alternative movement leads many to conclude that building up massive amounts of Gold and Silver in opposition to paper currency, building up a society based upon corporate free market capitalism, and preparing all the time for doomsday is simply a part of opposing the system. Going on any sites that are disaster oriented, there is a veritable wall of ads marketing with fear. While I can see the purpose of having some amount of stored food and means of protection, so much of this stuff goes overboard.

            Ultimately there are so many false alternatives that have infiltrated the alternative movement (and in reality, many of them were there from the beginning). Along with Libertarianism there are Alternative movement New Agers who seem to dislike mainstream New Agers, Nationalists who base everything upon IQ and biology (while I am pro race truly understood, to build everything on biology and biological perpetuation a la Revillo Oliver or William Pierce style is entirely backwards), and tons of people who believe that the right people running these corrupted systems is a solution. The reality is that I don’t believe that any of these offered solutions such as Libertarianism, Alternative Thought, Neuvo Esotericism, Civic Nationalism, White Nationalism, Mainstream Religion, Conservative Politics, Paleoconservative Politics, or even the majority of the alternative movement have a coherent understanding of the real problem.

  9. Damon Vrabel does a fantastic job explaining the real power structure and the all powerful international banking cartel (monopoly). In another thread, I quoted Damon:

    “The gap between the truth vs. the lies that pass for truth in the media has never been so wide. But living a lie is very destructive, so it’s important to cross this gap. Today I want to clear up one of the most important lies reinforced by the media–the idea that we have sovereign countries.

    “No doubt most of you have heard of the sovereign debt crisis that so many countries are facing. We hear endless economists, reporters, and billionaire hedge fund raiders talk about it. But the phrase they use is fictitious. It is a fabrication of the Ivy League, Wall Street, and erudite periodicals like the Financial Times of London. Sovereign debt is an impossibility. It cannot exist.

    “It seems ridiculous to point this out, but sovereign debt implies sovereignty. Right? Well, if countries are sovereign, then how could they be required to be in debt to private banking institutions?

    “A true sovereign is in debt to nobody and is not traded in the public markets… The fact is that most countries are not sovereign… Instead they are administrative districts or customers of the global banking establishment whose power has grown steadily over time…

    “So thanks to debt-based, free-floating currencies, the “wealth of nations” transitioned to the “debt of nations” which is now transitioning to the “death of nations.” The new world economic order with one currency, one banking system, one government, and one integrated corporate empire is on the horizon.” — http://economicedge.blogspot.com/2010/07/damon-vrabel-sovereign-debt-death-of.html

    Once sovereign constitutional republics have been shredded and replaced with a form of financial feudalism. We rent all of our money from the financial pyramid that Damon explains so well.

    • Yes, I agree. I was actually stunned by his insight. I don’t understand why he doesn’t get wider exposure. Or better: it just shows people still have difficulty coming to terms with the fact that they are already completely under the boot.

      • Damon is a gifted teacher for sure. For whatever reason, it seems that he lost interest in educating the folks back around 2009-2010. At the time, we both frequented Chris Martenson’s blog and I greatly enjoyed our exchanges and his fine work.

  10. Ross N. permalink

    Renaissance 2.0 Damon Vrabel:

    U.S. Evolution from Jeffersonian Horizontal to Hamiltonian Vertical was fully codified starting in 1912. Vrabel discussed this early on in his video, but doesn’t explain the new machinery – below is some elucidation as I see it. Hope it helps:

    Machinery Parts are 16’th and 17’th amendment, Federal Reserve Act, IRS, then Debt Hooks – Especially starting with WW1.

    16’th is direct income taxation of working population. This type of tax is regressive, and is used as power means to backstop private banking and their hidden oligarchs (world government). TARP is a classic example of this tax backstop in action.

    17 ‘th amendment is Direct Election of Senators: This is easily the most pernicious functional elements of vertical monolithic debt machinery. Political power structure becomes vertical at this point in time as Federalism is undermined, and now money control democracy usurps what used to be a Constitutional Republic. States are no longer bulwarks against centralized power. Senators must grub for money from financial interests in order to buy votes. State legislators no longer recall senators as senators real power base is now centralized finance and corporations. Woodrow Wilson noted lobbyist activity increased dramatically after passage of the 17’th. Democracy, as a “worst form of government,” now with minority money power control, becomes new American system.

    Federal Reserve Act: Reserve loops of private banks centralize to large New York Banks – especially Reserve Bank of New York. This means that all debt instruments, including government bonds, can be centralized and controlled in New York, effectively yoking population to pyramid debt machine, now with money power at wall- street location. Wall Street in turn is power yoked to World Government.

    WW1 puts U.S. government into debt, setting the debt hook to further usurp political control and make subservient to world government.

    IRS becomes enforcement arm of vertical system, ensuring that 16’th amendment income taxes are paid.

    All systems have strengths and weaknesses. Where are the weaknesses in this monolithic pyramid where we can push?
    The 16’th and 17’th were never ratified, therefore they are unconstitutional and can be challenged. States and the people, once they understand, should want to recover their constitutional powers.

    http://www.devvy.com/new_site/17th_amendment_docs_march_2010.html

    What about world government that funded and usurped federalism in U.S.? It has been operating for centuries as Kaballah, Talmud, Zohar, and Masonic secret societies (as front organizations). Jesus identified it as synagogue of Satan. Money control is chief means of their power, and false religion is both mind control and philosophical means that drives this demonic behavior.

    http://archive.org/stream/TheSecretWorldGovernmentOrHiddenHand/13065735-The-Secret-World-Government-or-The-Hidden-Hand-The-Unrevealed-in-History-Paperback_djvu.txt

    John S. Torell does excellent work tracing and uncovering world government and roots of Kaballah in six booklets: It’s not conspiracy theory if it is true:

    http://www.eaec.org/bookstore/books/kaballah1.htm

    Mind control false religion should shunned and deconstructed:

    An alternate money system can be created as a place of refuge for trusting moral people.

    • Ross N. permalink

      More on Vrabel: 29 minutes in. Scarcity is P, where laboring money users live. Abundance is P+I (higher up in pyramid).

      It’s actually worse than Vrabel says. Interest by definition has no counterpart in a debt instrument. Therefore it is floating money. This type of money, useful if created and channeled properly, is not useful in this scenario.

      A two loop economy consists of upper loop of P+I, while lower loop of laboring money users consists of P. Interest when paid on your loan, passes through your double entry ledger and then lands onto bankers ledger. Once on bankers ledger, he has few liabilities, so the interest transforms and becomes floating money. This extra I, then aggregates into financial pyramid toward centralized control. This I is under NO compunction to be respent by finance and upper loop, and thus it can be saved causing lower loop to go into depression. Lower loop of P, must pay down their loans on time, and hence these money users are grabbing money from a constantly diminishing supply. It is a slavery system, where goods and services are offered cheap to acquire disappearing money,

      It is even worse: Seigniorage is first use of money. Finance front loads interest on loans. So, with a house loan, you may not pay down any real principle until maybe a decade later. Therefore, finance gets to take your purchasing power and use it first. It is a slavery system.

      Anthony’s system has principle being paid down right away, and this credit as money stays in single loop system architecture, and hence is available for paying off debts.

      • Yes. Great stuff Ross. The Pyramid does help to clarify the two loop issue.

        By the way: your education on necessary path for debt based money is very important. I gained hugely from it. Thanks.

        • Ross N. permalink

          NP. We are supposed to give our gifts away…. You do that also. R

  11. Kerim permalink

    Dear Anthony,
    I am following you site for some time and appreciate your work. May I suggest you to write a book, it seems there are enough material on the site already. The book can have its advantages and its public.

    Secondly, as a non-economist I wonder about economic drivers for imperial expansions. It looks when a national elite achieve max profit rate and full employment within national borders the accumulated wealth is becoming inflationary – loosing its value. The logical response would be to invest in military and to foreign countries – to expanse the empire. Your expert comment is appreciated. Best regards

    • Thanks Kerim!

      Yes, you’re right. In fact: Vrabel in his film shows this in an understandable way.

      Another issue is, that Usury causes money scarcity at the consumerbase. As a result the working and middle class never have enough purchasing power to mop up their own production.

      This also drives the corporate search for markets elsewhere.

  12. Reblogged this on Universal Expansion Group and commented:
    I always look forward to Anthony Migchels posts. If you’re jot following him, maybe it’s time that you did!

  13. Princes of the Yen video is not working, Anthony.

    • Thanks pm, I fixed.

  14. bornoutsidethebox permalink

    Reblogged this on Born Outside the Box.

Trackbacks & Pingbacks

  1. Pyramid of Power: Critique of Modern Economics | OUR GREATER DESTINY
  2. Two Brilliant Films: ‘Renaissance 2.0 – Financial Empire’ & ‘Princes Of The Yen’ | Streets of Love - unconventional
  3. Migchels – The Matrix is Made of Money | Forbidden News
  4. Two Brilliant Films: ‘Renaissance 2.0 – Financial Empire’ & ‘Princes Of The Yen’ | From the Trenches World Report

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