Reforming the Global Financial System

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joe2baba's picture
joe2baba
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Reforming the Global Financial System

a friend sent this to me today. i thnk it kinda gives a snapshot of where we are and how we got here.

of course there are people out there who still thinks this is all an accident and that boys will be boys. gee i just noticed that this whole global financial thingy is pretty much a patriarchal monopoly. i wonder if the ladies would handle things differently?

enjoy?

 

Reforming
the Global Financial System

Flushing the Parasites

By Nikki Alexander

March
12, 2009 “
Information
Clearing House

Prologue 

When
Benjamin Franklin was called before the British Parliament in 1757 and asked to
account for the prosperity in the American colonies. He replied, “That is
simple. In the colonies we issue our own money. It is called Colonial Scrip. We
issue it in proper proportion to the demands of trade and industry to make the
products pass easily from the producers to the consumers. In this manner,
creating for ourselves our own paper money, we control its purchasing power,
and we have no interest to pay to no one.” It was the struggle for financial sovereignty that precipitated
the American Revolution when the (Rothschild) Bank of England forced the
colonists to give up their own currency.

That
war never ended.

Throughout
his political life Thomas Jefferson fought off the covert attempts of European
bankers to control the nation’s money supply through a privately-owned
central bank. Andrew Jackson succeeded in defeating these racketeers,
nationalizing the banks and paying off the public debt. Our country then
flourished without inflation. When Abraham Lincoln issued
‘greenbacks’ that deprived private bankers of their monopoly
control of the nation’s money supply he was assassinated. The
international bankers battled for more than a century to establish a private
central bank in the United
States with the exclusive right to print
their own fiat notes and exchange them for government debt. They succeeded in
1913 with The Federal Reserve Act, a covert coup that authorized a private
central bank to create money out of nothing, lend it to the government with
interest and control the national money supply, expanding or contracting it at
will. Representative Charles Lindbergh called the Act “the worst
legislative crime of the ages.” Fifty years later, President John F.
Kennedy almost restored our Constitutional monetary system when he issued
debt-free Treasury Notes. He too was assassinated.

The Systemic Usury Parasite 

In
1913 our sovereign authority to create interest-free money was
unconstitutionally transferred to a transnational private banking cartel that
has systemically infected our economy with a staggering national debt in the
tens of trillions of dollars. Eighty-five cents of every dollar is now consumed
as “interest” by the systemic usury parasite, draining its host of
vital resources and collapsing our economy in bankruptcy. Ours is not the only
nation to succumb to systemic parasitism.

The
Systemic Usury Parasite has infected 170 countries, feeding itself through the
central bank syndicate, a shareholder-owned consortium of private banks. 
Each central bank parasite has an exclusive monopoly on its host
government’s monetary system, with the power to create public debt and
expand or contract the host’s economy at will. Coordinating their
monetary policies with each other through the Bank for International
Settlements, the central bankers meet behind closed doors, appoint their own
governors and set their own rules. Their books are not subject to audit by the
individual governments that host them. The Bank for International Settlements
originated as a Nazi money laundering operation
[1] and serves today as the cashiers window for
the global casino.[2] The IMF and World Bank tentacles of this
parasite, infect unsuspecting governments with insurmountable debt, forcing
these nations through “structural adjustment” policies to rob their
taxpayers, slash beneficial social programs, transfer public assets to private
owners and sell the nation’s treasures to transnational predators at fire
sale prices. Government treasuries are the parasite’s host. Why rob just
one bank when you can rob the whole nation? And why rob just one country when
you can rob them all? Flushing the global
economy of this systemic parasite begins with understanding how its
debilitating web of debt is manufactured.

Although
governments have inherent authority to create their own money, they foolishly
borrow it from central banks, with interest. 
A central bank fabricates fiat notes (paper money) and credit by
“lending” them into existence, in return for treasury bonds of the
host government ~ taxpayer IOUs. This “money” has no pre-existing
substance in reality and is conjured up simply through accounting entries. It
is literally created out of nothing. The central bank first lends these
accounting entries to its private owners and then to its downline commercial
banks with interest. The
commercial banks are permitted to lend nine times the amount of their borrowed
accounting entries held “in reserve”. This nine-fold multiplication
of borrowed accounting entries is described as “fractional reserve
banking.” When borrowers accept these accounting entry loans they create
massive inflation of the money supply which devalues the currency. These
accounting entry loans must be “paid back” with compound interest
that multiplies exponentially. More money must then be fabricated to pay this
interest. Thus, all “money” that enters circulation is actually debt contrived by fictitious accounting
entries. Every fiat dollar is an IOU from a borrower to a lender. A debt-based monetary system can never achieve
equilibrium because compound interest always overwhelms the escalating money
supply and eventually causes systemic collapse.

Organized Crime 

Today
the nation is essentially bankrupt and hoping Barack Obama’s team of Wall
Street advisors will forestall economic collapse. This expectation is
equivalent to hoping that Al Capone will make our streets safe. The economic
recovery team is a Trojan horse filled with the same Wall Street racketeers
that infected the global economy with a quadrillion-dollar derivatives bubble,
using deliberately deregulated mechanisms. They have successfully held the
nation hostage with a universal credit freeze and threats of systemic collapse
if trillions of dollars in ransom demands are not met. But why would our
government agree to double its public debt to save ruthless gamblers from
bankruptcy? Why would our government re-victimize taxpayers who did not
participate in this global fraud and whose investments, retirement savings,
pension plans and real estate values have already been eviscerated by these
swindlers? The answer is that the Treasury
Secretary and Federal Reserve Chairman have historically represented a
parasitic transnational crime syndicate, not the host government and its
taxpayers.

The US Government is an instrument of the organized crime syndicate described
alternatively as the Washington Consensus, the Octopus, the Shadow Government,
the New World Order and Wall Street
. This syndicate of
transnational racketeers includes bankers, interlocking corporate directors,
American, European and Asian “royal” families, cocaine and opium
drug traffickers, illegal weapons dealers and kingpin controllers of blood
diamonds, gold and oil. From the very beginning of
America ’s fledgling democracy
these international predators surreptitiously gained control of the railroads,
banks, oil and vital infrastructure, using a maze of corporations, offshore banks
and holding companies that disguised foreign ownership of national resources.[3] During the 19th and 20th
centuries this syndicate secured private ownership of vital infrastructure and
natural resources worldwide by engineering wars and assassinating democratic
leaders. They financed Trotsky, Lenin and Hitler, using syndicate members within the Treasury and Federal Reserve to
protect “their” international assets. Thomas Lamont, a JP Morgan
banker, who was the US Treasury’s representative at the 1919 Treaty of
Versailles negotiations, personally raised $100 million to finance Benito
Mussolini. Will iam Boyce Thompson,
director of the New York Federal Reserve traveled
to Russia
to destabilize the Bolshevik Revolution, ensuring that railroads, banks, oil
and vital resources would remain in private hands.[4] Across the globe democratically elected
leaders were deposed or assassinated that dared to return natural resources to
their people. Two notorious Nazi collaborators,[5] Allen Dulles (CIA director) and his brother
John Foster Dulles (Secretary of State), were Wall Street attorneys who worked
for the syndicate to brutally suppress every democratic uprising that
threatened their control over national assets that rightfully belong to sovereign
nations.

General
Smedley Butler is best remembered today for his oft-quoted statement in the
socialist newspaper Common Sense
in 1935: “I helped make Mexico
and especially Tampico
safe for American oil interests in 1914. I helped make
Haiti and
Cuba a decent place for the
National City Bank boys to collect revenues in. I helped in the raping of half
a dozen Central American republics for the benefit of Wall Street. The record
of racketeering is long. I helped purify
Nicaragua for the international banking
house of Brown Brothers in 1909-12. I brought light to the
Dominican Republic for American
sugar interests in 1916. I helped make
Honduras ‘right’ for
American fruit companies in 1903. In
China in 1927 I helped see to it
that Standard Oil went its way unmolested.... Looking back on it, I felt I
might have given Al Capone a few hints. The best he could do was to operate his
racket in three city districts. We Marines operated on three continents.
[6] 

Wall
Street racketeers who bribed members of Congress to deregulate Wall Street,
could not have held our nation hostage without collusion from the Treasury
Secretary and Federal Reserve Chairman. They are members of the crime syndicate that loots governments
through the central bank system and private equity firms like JP Morgan,
Citigroup, Bank of America, Goldman Sachs and Carlyle. Treasury Secretary Henry
Paulson, a Goldman Sachs CEO, is also a member of Robber Barons, Inc. –
the IMF Board of Governors. Treasury Secretary Lawrence Summers organized the
looting of Russia , stripping
one trillion dollars from Russia ’s
struggling economy and shifting state-owned assets to private owners. Larry
Summers succeeded Robert Rubin as Treasury Secretary in 1999, marking their
success in repealing Depression-era laws that banned the merger of banks,
brokers, insurance firms and investment banks. A former co-chairman of Goldman
Sachs, Rubin joined CEO Sanford Weill at Citigroup, the first financial
institution to fully embrace the Rubin-led repeal. At Rubin’s urging,
Citigroup thrived by bundling loans as securities (mortgages, credit card
loans, auto loans, student loans) and selling them as collateralized debt
obligations (CDOs). Concurrently Larry Summers championed the deregulation of
financial derivatives, ensuring the globalization of losses from those
securities. With $2 trillion in junk loans, Citigroup fraud has metastasized to
100 countries making it too infectious to quarantine (“too big to
fail”). Rubin protégés advised Obama that taxpayers should assume
responsibility for $306 billion of Citigroup’s junk loans.
[7] Rockefeller owns Citigroup and JP Morgan
Chase, two of the investment banks that own the Federal Reserve. Obama’s
Treasury Secretary, Timothy Geithner, is a Board Director at the central bank
headquarters, the Bank for International Settlements, and is a protégé of Henry
Kissinger, Robert Rubin and Lawrence Summers.

Financial Terrorism

Author
Bernard Lietaer, a former central banker, writes in “
The
Future of Money
:”

“Your money’s value is determined by a
global casino of unprecedented proportions: $2 trillion are traded per day in
foreign exchange markets, 100 times more than the trading volume of all the
stock markets of the world combined. Only 2% of these foreign exchange
transactions relate to the “real” economy reflecting movements of
real goods and services in the world, and 98% are purely speculative. This
global casino is triggering the foreign exchange crises which shook
Mexico in 1994-95, Asia in 1997 and
Russia
in 1998. These emergencies are the dislocation symptoms of the old Industrial
Age money system.”

These
emergencies are also the hallmark of the transnational crime syndicate
controlling the global economy through financial
terrorism
. Collapsing healthy economies with currency speculation,
fabricating trillions of dollars in fictitious debt and destroying productive
businesses with short selling, these vultures have swarmed across the globe
devouring one nation after another. The
US is
their current target
.

Another
Board Director at the predatory Bank for International Settlements, Federal
Reserve Chairman Alan Greenspan, used the standard Rockefeller-Rothschild
blueprint for engineering the US
financial collapse: deliberately expanding cheap credit to inflate the web of
debt, entice rampant speculation and then suddenly withholding credit to
violently contract the economy. A tactic used by Rothschild’s Bank of
England to rob and control its colonies, this violent contraction catalyzes
waves of foreclosures, bankruptcies and layoffs that force sellers to accept
pennies on the dollar for their assets. Alternatively described as Milton
Friedman’s economic ‘Shock Treatment’ and Henry
Kissinger’s blueprint for “making the economy scream,” this
financial terrorism is a psychopathic
formula to bring a nation to its knees.

Instead
of allowing a handful of corrupt Wall Street investment banks to implode from
well-deserved bankruptcy, The Swindler Bailout engineered by the US Treasury
and Federal Reserve extorts trillions of taxpayer dollars to purchase worthless
junk loans from racketeers, reimburse speculators for their gambling losses,
finance mergers and acquisitions to devour healthy banks and concentrate
unearned wealth in expanded syndicate banking monopolies. Government loans
could have been directly issued to victims of predatory lenders to refinance
the mortgages that have devastated home values nationwide. Instead, taxpayer
loans to the generators of these toxic assets reward criminals and
simultaneously drain the US Treasury. Insurmountable debt, engineered by the
Systemic Usury Parasite and compounded by the Swindler Bailout, lays the
groundwork for “structurally adjusting” the American economy,
permanently stripping citizens of their remaining assets, health care
protection and their confiscated wages held in trust by the Social Security
Administration. This premeditated Grand Theft
is the prelude for national insolvency and subsequent sale of the
nation’s assets to transnational pirates
.
[8]

Disintegration is a Blessing

 reported in February
that renowned investor George Soros said the world financial system has
effectively disintegrated, adding that there is yet no prospect of a near-term
resolution to the crisis. We needn’t wait to see how thugs might resolve
the crisis.  It would be much wiser to take the path of least resistance
and prevent economic collapse by
making the systemic correction
that is long overdue.

Imagine
for a moment that worldwide governments had retained their exclusive authority
to create money and control credit and had strictly regulated the transparent
movement of capital within their own borders. Had they remained autonomous,
systemic global collapse would not have been possible.
US investment banks could not have infected
foreign banks and collapsed Iceland ’s
economy. Small, autonomous units counteract systemic risk by isolating disease
and preventing it from metastasizing to the whole system, as nature wisely
demonstrates. This “disintegration” of the world financial system
is an opportunity to dis-integrate every transnational conglomerate that binds
all systems together in one monolithic web of systemic debt. Autonomous
interest-free monetary systems that support small community banks, small farms
and local producers of goods and services would protect self-sustaining
economies from the systemic risk caused by the contagious collapse of
intertwined conglomerates.  Monopoly strangleholds on any commodity or
economic system are lethal by nature. The greater their scope, the greater the
risk of contagious catastrophic collapse – a fact we are now
witnessing.   

Dis
– integrating the parasitic central bank syndicate that is strangling
every country with insurmountable debt must be accompanied by effective
quarantine of the global gambling casino: replace the Glass-Steagall firewall
between commercial banks (public savings) and reckless investment banks;
strictly regulate commodities futures and derivatives trades; ban
over-the-counter transactions that are not transparent; criminalize anti-social
speculation that artificially drives up the price of essential commodities and
threatens public welfare; prosecute naked short sellers that collapse healthy
businesses; enforce anti-trust laws that separate large investment sectors in
finance, insurance, and real estate; dis – integrate every multinational
conglomerate that is too criminal to care and too big to jail; end the
fabrication of accounting entry debt by reforming the monetary system to issue
and regulate credit through a transparent and strictly controlled public agency and localize every system
that is critical to social functioning.

Isolating
and strictly regulating Wall Street and
offshore casinos
to prevent gambling addicts from devastating the productive economy may eventually protect
the global financial system from organized crime but its victims will never be
reimbursed for their losses. Productive workers who lost their life savings and
retirement pensions slowly accumulated over a lifetime of contributing have been thoroughly robbed
by sociopaths who instantly amassed unearned wealth by parasitic gambling that
contributes nothing of value. They will retire, without being prosecuted, in
luxury. 

The Mechanics of Money

Money
is not a commodity. It is a token of value. Any two people can transfer
whatever they like as a medium of exchange. We agree as a group to use one
medium of exchange to simplify transactions. The purpose of inventing a medium
of exchange is to sustain the flow of goods and services circulating in an
economy. If we agreed to use gold or feathers as tokens, the medium of exchange
would be finite and too scarce to meet everyone’s needs – and a
finite physical commodity can be monopolized by individuals who might hoard the
tokens and constrict the flow of goods and services that are needed by everyone
in society. Paper is plentiful. In theory, we agree to the fiction that paper
money and computer credits have value in order to produce and exchange the
commodities we need. But they have no intrinsic
value.

The pieces of paper and computer entries that are fabricated
by private corporations, what we
call money, can and should be created and regulated by a legitimate public agency. It is irrational to
transfer this vital social function to private corporations that thrive on
usury and destabilize economies by expanding and contracting fabricated credit.
Usury is not a fact of life, an inherent condition one finds throughout the
natural world. It is a man-made concept that could create opportunities for
cultures to expand productive activities but which has been historically used
by parasites that eventually kill the host.

Money
and credit can and should be used to keep the economy flowing, facilitating the
exchange of real goods and productive services that meet the needs of
society – without fabricating debilitating and fictitious debt. This, in
fact, was the intention of Article 1, Section 8 of the United States
Constitution that authorized only
Congress to coin money and regulate its value. The founders of our nation
understood that a government does not need to borrow its money from a private
corporation. It has the power to create its own money. We are that government
and that power belongs to us.

Our
government has the constitutional authority
to create money and issue credit without ever charging interest or creating debt.
It can directly spend this money into circulation and extinguish excess
currency to prevent inflation. Or it can charge a reasonable interest rate and
use this revenue in lieu of taxes.
Publicly-owned community banks could charge a moderate interest rate that is
returned to depositors as dividends, or it could be used to generate revenue
for implementing worthwhile
social projects. Monetary science comes equipped with mathematical formulas to
achieve permanent monetary equilibrium through a set of principles that balance
the money supply and maintain currency stability, eliminating recessions,
depressions, inflation and deflation forever.
A debt-free monetary system can be mathematically regulated to facilitate the
flow of goods and services as a public
service
.  The mechanics have been understood for centuries. All
that is required is social consensus.

Decentralizing
the banking system would dis-integrate the global stranglehold of transnational
racketeers and provide protection from future systemic collapse.
Geraldine
Perry
has suggested that if banks are to remain privately
owned they must be required to operate as independent businesses with 100%
reserves and use their own capital for loans, not fictitious accounting entries
and not other people’s money. The national money supply would be issued
by a public monetary authority. Banks would operate as any other business
should and they would be regulated by the local governmental entities where
they are located, thereby eliminating the need for a national regulatory
scheme.

Completely
abolishing the privatization of the national money and credit supply would
liberate human energy to create a world of abundance in which every human community could produce and
exchange the goods and services it needs without ever being enslaved by
fictitious debt. Government control of the national money supply would prevent
inflation and escalating debt by issuing constitutional interest-free money.
Moderate interest rates could then be used to finance the operations of city,
state and federal government in lieu of
taxes
.  Two brilliant authors, attorney
Ellen
Brown
and historian Stephen Zarlenga have
articulated sound mechanics for a publicly-owned monetary system. All that
remains is public demand for this reform. 

What
is most essential to liberating humankind from centuries of covert suppression
by parasitic racketeers is financial sovereignty. Political freedom without
economic freedom is meaningless. The self-induced implosion of a corrupt
financial system provides our generation with a precious opportunity to secure
the blessings of liberty envisioned by our ancestors and finish the American
Revolution.

Nikki Alexander is a freelance writer and fine art
painter living in southern California .

 

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Reforming the Global Financial System

"When Abraham Lincoln issued
‘greenbacks’ that deprived private bankers of their monopoly
control of the nation’s money supply he was assassinated."

Wow, is that what REALLY happened...?  Is this common knowledge?

Mike 

joe2baba's picture
joe2baba
Status: Martenson Brigade Member (Offline)
Joined: Jun 17 2008
Posts: 807
Re: Reforming the Global Financial System

no it is not common knowledge mike.

it just happens to fit a  pattern so therefore it falls under sshhhhhhhh conspiracy theory.

it just seems like people who go against the bank end up assassinated. 

there was an attempt on andy jackson but both pistols misfired. 

jfk started an end run around the bank and he got whacked;.

and so it goes

i will cover any bet that barry does not get shot while in office. the banksters wont do it they elected him and he is too valuable so they will protect him

machinehead's picture
machinehead
Status: Diamond Member (Offline)
Joined: Mar 18 2008
Posts: 1077
Re: Reforming the Global Financial System

The author of the essay is using a framework of private (bad) vs. public (good) to analyze monetary control, whereas I would use debt-backed (bad) vs. gold-backed (good) as the analytical approach.

Michael
Rozeff has posted a beautiful 'big picture' essay about the evils of
inflationary money, pointing out that it is an engine of war finance
and big government. Lincoln's greenbacks were used for war finance,
along with the first income tax. John Wilkes Booth (a distant relative of mine) shot Lincoln because he represented the other side in the war, not because Booth was an opponent of greenbacks. (Sadly, the Confederate states were even worse abusers of fiat currency than the Yanks.)

Rozeff
demonstrates how the 20th century lurch into purely fiat currencies
represents a profound regression in human rights and human ethics. Fiat
currency isn't just bad; it is WRONG --

The world isn’t
such a bad place, although it is plenty bad for plenty of people
in many regions and respects. It isn’t so bad partly because we
can make it into a nicer place. We have been given the tools to
gain the knowledge to do that, technically and ethically. There
is a large reservoir of good will and even ethical consensus among
the world’s peoples. Artificial barriers are coming down. Old animosities
are dying down, if slowly. We have more knowledge, especially in
scientific and technical fields, although we are quite capable of
misusing it. Amidst these positives, it is dismaying that economic
knowledge has, in important respects, either deteriorated, fallen
by the wayside, and quite often been thrown away.

We
took a wrong turn on politics and economics a hundred or so years
ago or longer. It was also an ethical wrong turn. We attributed
all manner of economic failings and shortcomings to the wrong causes,
and then we compounded the error by thinking that government was
the remedy. The harmful results have been and are coming in.

Money is one
of these areas where we have gone wrong. We cannot be at peace with
one another while attempting to cheat one another with depreciating
currencies, and we cannot look to inflation as salvation or insurance
against inevitable economic errors that come with any economy, free
or government-managed. We are only falling over our own feet in
these attempts. We are hurting ourselves and hindering the progress
of the human race.

No person or
institution, bank or government, should have a largely unchecked
power to create a society’s money to the exclusion of others. It
is too large a blank check that enables them to enlarge their powers
and exercise arbitrary authority over others in other ways. On the
other hand, any person or institution should have the power to issue
coins, credits, and any other instruments that other people, in
their own wisdom and choice, can accept or reject as money; for
that acceptance or rejection provides a check on the money-creating
power.

http://www.lewrockwell.com/rozeff/rozeff282.html

 

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