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International Politics>Who Controls Our Money Supply? Who Are the Money Masters?
mkpdavies 10:17 AM 06-08-2007
Yes, I thought that it was a joke saying it was "inflation proof".

I like the idea of an alternative system, but they are way overselling it.
[Rep]
C_steam 11:02 AM 06-08-2007
invest in stamps. Buy lots of first class stamps now.

Then when the price of stamps goes up by more than inflation you'll have scrip which is still worth the original value - i.e the delivery of one letter, since stamps, no matter how old, are still valid until cancelled by the franking of the stamp.

Sounds pretty inflation proof to me.....
[Rep]
TonyG 02:19 PM 06-08-2007

Originally Posted by C_steam:
invest in stamps. Buy lots of first class stamps now.

Then when the price of stamps goes up by more than inflation you'll have scrip which is still worth the original value - i.e the delivery of one letter, since stamps, no matter how old, are still valid until cancelled by the franking of the stamp.

Sounds pretty inflation proof to me.....

I normally buy a few quids' worth just before the rates go up and given that they normally give you few months warning you don't have to buy too soon.
[Rep]
democracydefinedcampaign 11:25 PM 07-08-2007

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The Democracy Defined Campaign Philosophy is endorsed by academics, attorneys,
doctors (of jurisprudence, medicine, philosophy, etc.), and judges (U.S. & U.K.).

Greetings to Fellow Forum Readers !

Since the Second World War, every legislative programme and measure adverse to the interests of the British population, has been introduced at the command of the money masters. Consider the following.

1. Definition. Fractional reserve lending is the name given to the process whereby banks currently "lend money" which actually does not exist, and for which they hold no reserve. The present system is corruptly installed to facilitate the ambitions and protect the criminality of Usurers (i.e. private money-lenders-at-interest, the owners of banks).

In fractional reserve lending, the banks lend up to ten times the money they hold. They unscrupulously charge the borrowers interest on 'money' which does not exist. The non-existent 'money' is simply an electronic entry into an account. Banks lend nothing -- but get back real money from the borrower.

The immoral acts of Usurers (owners of banks) comprise criminal fraud, recognised such at all times and in all places. However, currently, as the result of politicians' acquiesence to venal crime, this massive fraud is prosecuted only when the man in the street commits it...

Banks, for example, can take possession of a borrower's house. They then own the house and can sell it at full price for real money. Yet, they lent nothing real for it and have not the money nor reserves themselves with which they could have bought the house. The ironic expression 'high-powered' money refers to this false 'money' associated with fractional reserve lending.

This following item of proposed legislation is endorsed by honest academics and economists, including Economics' Nobel laureate Professor Milton Friedman.

A purpose of the proposed Act is to replace private false-creation of 'money' by debt-based, bank-book-entries (i.e. bank loans), based on fractional reserves, a dishonest contrivance which is not only inherently unstable but also monstrously unjust. This scheme enriches only the owners of banks at the direct expense of the people, the men and women who create and produce the wealth of nations. This subterfuge must be replaced with government creation of money by credit-based Treasury deposits and U.S. and U.K. Notes (i.e. for government payments or purchases) which are based on full reserves for the benefit of all the people.

2. Mere reform of the 'Federal' Reserve and Bank of 'England' System would be inadequate: it is essential to abolish it.

The experience of the last 300 years in Europe and the last 200 in the U.S. has proven that private banking interests utilise any independence afforded a central bank from government control, as an opportunity to exert undue influence over it, often by acquiring outright ownership interests in it. Control is also gained through placing their employees in key positions. These are experts schooled in protecting and promoting the private interests at the expense of the public good. They are paid off by "retiring" to inordinately well-paid positions in private banking.

Independent central banks take concentrated control of national economies, while they are removed from all real accountability and responsibility to the people and the body politic.

Although the politicians are generally under the control of the private bank owners, private banking still insists on the "independence" of central banks from any effective oversight by politicians. In this way, central banks are exposed to private manipulation without interference. The central banks' ulterior machinations are concealed from public scrutiny.

3. Today, income (or other) tax is used to pay the interest on money borrowed by the government. The money masters encourage governments all over the world to borrow at interest (see the recently retired World Bank executive John Perkins' Confessions of an Economic Hit-Man and associated lectures). The owners of the banks promote wars as a particularly lucrative source of income, lending to all conflicting parties.

By contrast, when the government creates, issues and circulates all the currency and credit at no interest (viz. Abraham Lincoln's successful 'greenback' invention), to satisfy the spending power of the government and the buying power of the consumers, there is no interest for the taxpayers to pay. The needs of the people are met by the benefit of an enormous, sudden and sustained egalitarian bourgeoning of prosperity. Remember: there is never a need to borrow at interest -- the other well-known alternative techniques are available.

The following item of proposed legislation is also endorsed by academics and economists, including Economics' Nobel laureate Professor Milton Friedman. (The figures relate to the U.S., but of course, the principle applies also to the U.K. and other nations.)

The banks have created "national debt" by fraudulent fractional reserve lending techniques and thus they have no legitimate claim to repayment. The net National Debt is c. $3.7 trillion. Circa $400 billion is "owed" to the (privately owned) Federal Reserve and c. $300 billion by financial institutions. Deservedly, similarly to the method by which the banks' contrived the "debt," paying off these amounts would consist simply of a Treasury Department book entry, and the balance of merely surrendering and substituting one form of government obligation for another (e.g. interest bearing U.S. bonds for non-interest bearing U.S. currency Notes.)

[National debt figures are constantly changing. Hence, these figures will need updating.]

As the net U.S. Debt less Savings Bonds/Notes is c. $3.6 trillion, and commercial bank liabilities less net assets total c. $3.6 trillion, retiring the National Debt with U.S. Notes or their equivalent would not change the total of the money supply and would provide sufficient funds for the transition to one hundred percent (100%) reserve banking with neither inflation nor deflation.

The Secretary of the Treasury is provided with the flexibility to purchase the c. $184 billion of Savings Bonds/Notes with U.S. Notes during the transition period as well, should this prove advisable to provide additional funds for reserves. Otherwise, this relatively minor debt facility shall be retired out of future monetary growth.

4. Whoever originates and controls the volume of money, controls every single economic operation. Therefore, it is essential to monetary stability as well as to maintaining national sovereignty, that the import and export of capital be kept in balance, so that the domestic money supply not be subject to manipulation nor to fluctuation in quantity.

To quote Professor Milton Friedman:

"It is neither feasible nor desirable to restore a gold-or-silver coin standard, but we do need a commitment to sound money. The best arrangement currently would be to require the monetary authorities to keep the percentage rate of growth of the monetary base within a fixed range. This is a particularly difficult amendment to draft because it is so closely linked to the particular institutional structure. One version would be:"

"Congress shall have the power to authorise non-interest-bearing obligations of the government in the form of currency or book entries, provided that the total dollar amount outstanding increases by no more than 5 percent per year and no less than 3 percent."

"A Constitutional Amendment would be the most effective way to establish confidence in the stability of the rule. However, it is not the only way to impose the rule. Congress could equally well legislate it."

Quoted from: A Program for Monetary Stability, by. Dr. Milton Friedman, Fordham University Press (N.Y. 1960, 1992), pgs. X, 66-76, 100-101; and, Free to Choose by Dr. Milton & Rose Friedman, Harcourt Brace & Co. (San Diego 1980, 1990), pgs. 307-308.

Prior inequitable and usurious profits accumulated by banks from fraudulent fractional reserve banking are not addressed in this draft Act, which therefore leaves the banks in possession of prior profits of some $360 billion (1996 commercial bank net worth), most of it from such unjust practices. Likewise, prior distribution of profits to bank owners is not addressed.

This vast wealth and the economic and political influence it represents, particularly through the control of the media it has purchased, constitutes a standing danger to democracies everywhere and should be addressed, by re-introduction of Usury Laws outlawing Usury (lending-at-interest) and fractional reserve 'lending'; and by effective Anti-Trust Legislation and/or Court action breaking-up the giant banks and media into small localised units with separate ownership, or more aggressively by a bank nationalisation.

The goal is not nationalisation of banks, but of money; and to criminalise the malpractices of Usurers.

By definition and in practice, a national currency and money supply can only be effectively created and managed with propriety by a national government, not by local governments or private persons. This theory is derived from reason and is abundantly proved as fact by experience. It is a fundamental precept that money cannot come into 'existence' as 'electronic transfers' for loans or in response to loan applications, but only as the total stock of available goods increases (or a reasonable approximation thereof, such as three percent per annum).

Yours sincerely,
Kenn d'Oudney. Director.

[Rep]
TonyG 06:53 AM 08-08-2007
As interesting as the above piece is, it is also extremely contentious.

Originally Posted by :
the criminality of Usurers

sounds like a quote from the Qu'ran!

Originally Posted by :
The banks have created "national debt" by fraudulent fractional reserve lending techniques and thus they have no legitimate claim to repayment.

Please provide links and evidence to support this claim.
[Rep]
democracydefinedcampaign 01:59 PM 08-08-2007

 

The Democracy Defined Campaign Philosophy is endorsed by academics, attorneys,
doctors (of jurisprudence, medicine, philosophy, etc.), and judges (U.S. & U.K.).

Greetings to Fellow Forum Readers !

The previous post is "contentious" in the sense that justice must prevail over injustice, venality and crime.

Regarding the criminality of the modern usurers, and fraudulent fractional reserve lending, the links and evidence to support this claim have already been provided on this thread. If anyone is interested in this subject, and wishes fully to comprehend the criminality, they will find it enlightening to watch the documentary and follow the links to peruse the information. You will be appalled at the Illegality of the Status Quo imposed by our politicians. This is the term given in The Democracy Defined website, essays and textbooks.

Here are the links again:

Usury has been recognised as a grave crime throughout written history since the time of Moses, c. 1300 B.C., right up to today. The link to THE CRIME OF USURY was previously provided on our post #23 of this thread.
http://www.democracyforum.co.uk/show...9&postcount=50

The U.K. Money Reform Party website.

View the video documentary provided immediately below. Both parts provide the evidence to the corrupt practice of Fractional Reserve Lending. Anyone who does not have a broadband connection should locate a friend who does, and view it there. It is important that people have this information.

THE MONEY MASTERS documentary video is by Bill Still & Patrick S. J. Carmack, BBA, JD, who practised corporate law and is a former Administrative Law Judge for the Corporation Commission of the State of Oklahoma; Member of the Bar of the U.S. Supreme Court.

This documentary video (shown on U.S. PBS national educational T.V.) is endorsed by academics and economists, including Economics' Nobel laureate Professor Milton Friedman, Official Economics Adviser to the Reagan administration.

Here are just a couple of the viewers' endorsements from The Money Masters dot com documentary's website:

"Absorbing and very enlightening! There was not a boring minute in the whole thing."
Marilyn Brannan, Associate Editor, Monetary and Economic Review.

"The information that you are providing is shocking and eye-opening, to say the least. With your efforts more and more people are waking up everyday. Keep up the good work."Joe Haran, Bet Shemesh, Israel.

We should all be thankful that such an important revelation is available for our edification, and do all we can to spread the word.

Yours sincerely,
Kenn d'Oudney. Director.

Part One
Google Video

Part Two:
Google Video

[Rep]
democracydefinedcampaign 06:20 PM 09-08-2007

 

The Democracy Defined Campaign Philosophy is endorsed by academics, attorneys,
doctors (of jurisprudence, medicine, philosophy, etc.), and judges (U.S. & U.K.).

Greetings to Fellow Forum Readers !

What the video documentary (provided immediately above this post) reveals, affects everyone without exception. The first part gives essential background explanations. The second part packs in the testimony, modern events and shocking evidence which indict the guilty parties, being politicians and the owners of banks.

Backed by honest academics and economists, the simple solutions required to put democracy back on track and improve the lot of people all over the world are also provided in the second part.

Let us all take an active rôle in exposing the destructive corruption which is Usury (lending-at-interest) and the fraudulent practice of Fractional Reserve Lending. These de facto criminal activities occur at the highest levels and ruin all possibility of creating a civilised just society.

The first step is to become aware. Encourage everyone to watch the documentary and pass on the links to friends, family, colleagues and media. Anyone who does not have a broadband connection should locate a friend who does, and view it there.

People who do not know this information are incapable of understanding world events which have a direct and adverse effect upon all our lives.

THE MONEY MASTERS is a profound documentary video by Bill Still & Patrick S. J. Carmack, BBA, JD, who practised corporate law and is a former Administrative Law Judge for the Corporation Commission of the State of Oklahoma; Member of the Bar of the U.S. Supreme Court.

This documentary video (shown on U.S. PBS national educational T.V.) is endorsed by academics and economists, including Economics' Nobel laureate Professor Milton Friedman, Official Economics Adviser to the Reagan administration.

We should all do everything we can to spread the word.

We are now moving on to another thread in the International Politics section.
Joanna, Astra and Kenn d'Oudney. Directors.

[Rep]
Vich the Yankee 10:59 PM 12-08-2007

Originally Posted by John Doe:
Interest is simply a charge for using a resource (i.e., borrowing money) that could be used elsewhere. There is no reason why banks or private individuals should not charge such a fee, and prohibiting it would do great damage to the economy.

Whoa, you're looking at two different things here. Money that I earn can be lent for interest with the justification that I am giving up present consumption of the fruits of my labor in exchange for future consumption.

Central banks put forth no labor to earn the money that they lend to member banks. They simply create it out of thin air and then charge interest on it. How is that moral or economically sound?

Originally Posted by :
'Money' can mean different things: a store of value, a means of exchange, credit, etc. Giving the government a monopoly on this would truly be a dictatorship. In fact, competing currencies would not be a bad idea.

Yes, I think you are on to something here. Government monopoly is not good. But I believe that we in America have the absolutely worst form of central bank. Our Federal Reserve System is a cartel that's been given monopoly power with regard to the money supply. When one has an institution that becomes wealthier by creating money out of thin air, is it any surprise that our dollar has been swirling down the toilet since 1913 (the year the Fed Act was signed into law)?
[Rep]
Vich the Yankee 11:05 PM 12-08-2007
Here is another documentary on the
Federal Reserve Bunk
.
[Rep]
Ian C 07:03 AM 13-08-2007

Originally Posted by :
When one has an institution that becomes wealthier by creating money out of thin air,

Isn't that also something to do with the Stock Market
[Rep]
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