Before I left Brazil, where I’d been living for a number of years, I decided to sell a couple of paragliders that I owned. I knew I’d get a better price for them in Brazil. These gliders were the latest models and very sought-after. After advertising them, somebody turned up and paid for them in cash. The trouble was, I was left with piles of Brazilian Reais that I couldn’t make up my mind what to do with.
I made the mistake of giving my wife this money to look after. A couple of days later, while out shopping, my wife decided to have a look in a very expensive shoe shop that she was fond of. It didn’t take her long to persuade me to let her buy a pair of these shoes with the money I gave her to look after. Unfortunately, my wife couldn’t make a final decision between two pairs of shoes, so she bought them both.
It was handbags next and then more shoes, then more handbags and very soon my two beautiful paragliders had been very efficiently converted into shoes and handbags.
This may sound like a bad deal, but it could have been much worse. Imagine if I’d given my wife a nice shiny new credit card! This is the stuff of nightmares; not only would there be a whole pile of new and expensive shoes and handbags, I’d be paying the interest on the money for the rest of my life. As horrifying as this scenario is, it is what our government does to us every day of our lives.
If you have a look on the Internet you’ll find many videos and articles about the central banking system, such as this one here:
What is the purpose of the central banks?
This video makes the central banking system seem very noble and states: “Most central banks are owned by their country’s government.” This is deliberately designed to be misleading I think.
According to Encyclopaedia Britannica: “A Federal Reserve bank is a privately owned corporation established pursuant to the Federal Reserve Act to serve the public interest”.
Again it sounds very noble but what makes this particularly significant is the fact that US dollar is still for now the world reserve currency. The Bank of England was once privately owned but is now mostly owned by the government. However it doesn’t have the power it once did and much of the money that passes through it is private money. Other countries have different relationships with their central banks.
Perhaps the government is responsible for creating currency but have a contractual obligation to then supply their central bank this money at a reduced rate of interest. This is something that is not much discussed but it is a Machiavellian web that is very misleading to most people; there aren’t many, including myself, who really understand the central banking system, I think by design.
The bottom line is that money is created as debt, see here: “Money As Debt Full Length Documentary”.
Whenever a government spends money it’s against future taxation and your children are born into debt. This is a complex can of worms and so I’ll concentrate on one particular aspect of this.
The award winning documentary ‘Inside Job’ [2011 | US] by the veteran crusader, Charles Ferguson, is the most insightful and illuminating amongst a number of such attempts that deal with the global financial crisis, which is wrecking lives and economies across the world to this day.
Excerpts from the above film can be found in this video here, a real eye opener in itself. “The Biggest Bank Heist Ever!”
In the seventies, the US and most of the world’s central banks moved away from the gold standard and their currencies effectively became worthless fiat currencies, but at least they had to be printed. Now all it takes is a few taps on a computer keyboard.
When the financial genius Gordon Brown created seven hundred billion pounds in worthless fiat currency at the time of the 2008 financial crisis, he encumbered we the people with a massive amount of debt repayments. The bankers however had masses of liquidity. They were soon back to paying themselves massive bonuses, exchanging worthless currency for tangible wealth, corporate takeovers, agricultural land, real estate and even private islands.
This is why we must destroy our world with growth-based economic models and why the rich get richer and the poor get poorer. It has to be this way to feed the debt-based Ponzi scheme.
One of my favourite quotes from the video is this one:
“In addition to all the suffering it caused, the worst outcome of the crisis is that, when the public loses faith in its leaders, in their institutions and in their services, apathy replaces fraternity, elections become farcical, democracies therefore fail and anarchy ensues.”
Great Britain once had the world reserve currency, but reserve currency status tends to ultimately bleed its host country dry as the debt gets increasingly massive and unrepayable. Since we lost reserve status, we’ve been discarded and on a long slow trajectory of decline.
As the world is very quickly now moving away from the US dollar, it is well on its way to losing its reserve currency status and the chaos that will ensue as it’s left with approaching twenty two trillion dollars of what will be unserviceable debt. The bankers will set up shop elsewhere as soon as they’ve bled their host dry like the vampires that they are.
As for the anarchy mentioned in the above quote, with the Yellow Vests out in force on the streets of France and probably similar events soon to occur here in hopefully once again Great Britain: well, I think we’re just about there.
If there’s one thing to take away from this, it is that: if you want a better country in which to live, never vote for the mainstream (LibLabCon) political parties again. Vote for a political party that will represent the people and not the banks.
A warning from history…..” I believe that banking institutions are more dangerous to our liberties than standing armies…..If the American people ever allow private banks to control the issue of currency , first by inflation , then by deflation,the banks and corporations that grow up around them , will deprive the people of all property until their children wake up homeless on the continent their fathers conquered…..The issuing power should be taken from the banks and restored to the people to whom it properly belongs”………PRES.THOMAS JEFFERSON.
Sadly too many people still view government and its various institutions as being on our side. Hopefully some are now wakening up and accepting the reality, but we need to do more to spread the word. Unfortunately UKIP seems to have been silenced very effectively and GB has given the media ammunition by his association with TR. Now was not the time for that.
Banks ‘create’ money out of thin air, by ‘loaning’ money they don’t have, and charging interest on the loan. This creates ‘debt’, and if you add it all up, there is far more debt than there is actual tangible money.
It is all a very subtle way of banks seizing control of actual tangible assets (ie “wealth”), by loaning money at interest rates that can never be paid back in full, once the loanee ‘defaults’ on their payments, the banks seize actual physical assets, thus gaining ‘wealth’ that wasn’t theirs in the first place.
This doesn’t just apply to individuals, the same principle applies to national governments, who also ‘borrow’ money from these same private banks with interest. When these governments/countries are unable to service their debts, they become liable to handing over public wealth/assets in order to pay back the debt. A number of countries, including the UK, apparently became ‘bankrupt’ in the 1930s, which is why we have seen so much handing over of public wealth in the name of ‘privatisation’ ever since.
Once the private banks have seized enough assets from the people (land, property, resources etc), a global financial ‘crisis’ can thus be triggered, which will result in the Elites owning pretty much everything of value, leaving the path clear to impose a new centralised global government and financial system. Money may then become worthless at that point, but if the Elites control everything worthwhile, it matters not to them, they won’t care.
Yes, absolutely and the EU are one of the worst offenders, they’re doing it all over Europe, think about Greece and we’re just a bit further behind as we still have a much better credit rating that Greece: for now.
Free trade with the EU has cost us trillions in trade deficits which ultimately, amount to the asset stripping of our country and the remainers think it would be a disaster if we exit with ‘no deal;’ they need their brains testing.
As for the EU, it is a criminal enterprise, no doubt about it.
At the time of the banking crash, lending banks were operating on reserve ratios of some 40:1 and they did run out of money because alternative sources of liquidity dried up. The BoE refused to bail them out thereby failing to fulfil its role as lender of last resort. Most money is created not by central banks but by normal banks using fractional reserve lending.
Yes, I didn’t get around to talking about the fractional reserve thing, sometimes I just don’t have the space and as I’ve said, most of the money flowing through the Bank of England is Private money. The relationship that individual countries have with the banks is complicated,but it is still created as debt for the most part.
The banking thing is far too complicated to squeeze into a thousand words, that’s why I have to use links for further information.
“Vote for a political party that will represent the people and not the banks”. – you say. A political party exists to continue its own existence. No political party that I know of exists for the people. Once a label has been applied and an identity created, the party exists for the continuation of the party.
An Independent constituency representative, chosen from among the constituents and not chosen by a party (locally or nationally) is a whole different ball game. Make the term of representation just 12 months subject to recall, replacement or reappointment, and you’re beginning to think about benefit to the electors rather than the representatives or the party.
Party leaders and ALL their cronies hate it. All leaders hate it. They realise it’s power not in their hands.. And in the case of Cronies Never going to.
This is one of the things that Westminster politics has Schemed, worked against and denied for centuries. To get to the position they are now in.with tame representatives. They don’t like any change.
It requires a seriously public spirited ( or desperate ) leader ready to take on the establishment to win with the right cause. We’re back to organisation again.
Incidentally that’s why leaders send them to do their surgeries, To keep up the fiction. They all understand its value as a pretend. And some actually believe.
This is true and wishful thinking on my part. Politics these days(probably always) seems to work in such way that we the people have no good choices.
Lib,Lab or Con,they market themselves seemingly differently and then deliver exactly the same mendacious policies, Immigration, debt, globalism etc. I’ll be dealing with this in my next article but somehow we need to find a way out of this political prison, by whatever means necessary.
Michael,
Your first point about ‘Who a partys exists for. This is why UKIP as a political party will probably fail.First it is becoming exactly what it itself doesn’t like. And second , it only represented people who were protesting about something.Really what people who votefor LiLabCon, want is no change, or a return to before ( Something parliament stubbornly refuse ).
UKIP’s only possible future lies in being a protest party.. All its high flown, ill conceived ( But acceptable ), manifesto promises help very few and are instantly forgotten except as defensive fielding
I keep hammering at this point. This is why Mike Hookem succeeded . He had the backing and support of UKIP And a protest voice. This is why RT is actually a good move, badly carried out. However, really catastrophically organised. There are so many problems to protest about that UKIP could be assured a very quick and influential future .. But,for heavens sake. Properly organised , and hence financed and hence successful.Three sucessful protests and you’ll win elections. As it is we’re already virtually dead. Having spokespeople is just daft.( Except possibly as training ).
Sadly ,mainly because of infighting ,just like the other parties UKIP will win zero seats at an election . The only time they have had MPS is when someone has defected from another party . I have said many times before the support is spread too thinly .
The voter must therefore do the next best thing and vote for a leave candidate from another party
No whips must first be abolishedu
Manifestos should be legally binding.
I have an interesting book about the “financial crisis”. It’s a lengthy read but one of the things I remember is the claim that many of the traders who caused the crash were sitting pretty with annual salaries (presumably including bonuses) of 25 million USD. Seems that many were well rewarded for the problems they created.
Perhaps Brown had a decent pay-off too… I watched his Mansion House speech, I guess in 2008, when he was praising the bankers for their creative money making schemes. I later read the official transcript of the speech and that part of it is somehow missing.
“The Big Short: Inside the Domesday Machine” by Michael Lewis.
Cold hard facts
Incidentally and even more important Trump and America are taking steps already to maintain the integrity of America.
Howls of annguish from globalists who are a bit thick or criminal.in their actions.
Exactly but you strayed away from the point a bit. So I’ld like to reinforce it..
The country’s borrowing At least £5 Trillion and growing, rests on the world belief of the integrity of our people who will eventually have to repay it. And the integrity of our leaders who can steal it withou repaying. Followed by … ( and now weare really in uncharted waters.. WE are far far nmore important than russia.or Argentina, or Venezuela
And the integrity of our rulers is now in question, as will be the integrity of our oeople if we go down the remain path