Sovereign Debt: The Death of Nations vs. the Wealth of Nations

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strabes's picture
strabes
Status: Diamond Member (Offline)
Joined: Feb 7 2009
Posts: 1032
Sovereign Debt: The Death of Nations vs. the Wealth of Nations

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 close 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? How could they be so easily attacked by the likes of George Soros, JP Morgan Chase, and Goldman Sachs? Why would they be subjugated to the whims of auctions and traders?

A true sovereign is in debt to nobody and is not traded in the public markets. For example, how would George Soros attack, say, the British royal family? It’s not possible. They are sovereign. Their stock isn’t traded on the NYSE. He can’t orchestrate a naked short sell strategy to destroy their credit and force them to restructure their assets. But he can do that to most of the other 6.7 billion people of the world by designing attack strategies against the companies they work for and the governments they depend on.

The fact is that most countries are not sovereign (the few that are are being attacked by CIA/MI6/Mossad or the military). Instead they are administrative districts or customers of the global banking establishment whose power has grown steadily over time based on the math of the bond market, currently ruled by the US dollar, and the expansionary nature of fractional lending. Their cult of economists from places like Harvard, Chicago, and the London School have steadily eroded national sovereignty by forcing debt-based, floating currencies on countries. So let’s start being honest and stop describing their debt instruments as sovereign.

We long ago lost the free market envisioned by Adam Smith in the “Wealth of Nations.” Such a world would require sovereign currencies, i.e. currencies that are well-regulated rather than floating, and an asset rather than an interest-bearing debt. Only then could there be a “wealth of nations.” But now we have nothing but the “debt of nations.” The exponential math of debt by definition meant that countries would only lose their wealth over time and become increasingly indebted to the global central banking network.

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. Perhaps that’s a good thing, but if it were, why would the establishment concoct oxymorons like “sovereign debt” instead of telling the truth? That’s my only goal here–I think people can be trusted with the truth. Lies harm not only the population hearing them, but also the powerful people telling them.

Those powers have the best salesmen in the world, so why don’t they just sell the population on the truth? Apparently they don’t think you’d like it. Well now you have it. And it’s coming unless countries follow Iceland’s lead and recover their sovereignty. The choice is ours.

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Sovereign Debt: The Death of Nations vs. the Wealth of ...

Another excellent article strabes.  How can any nation be free when they choose to be subservient to a totally unnecessary private banking cartel to profitably control and create all of the money needed to conduct trade and commerce?  The evaporating illusion of sovereignty is giving way to a growing number of people who know something very fundamental is very wrong but they just can't put their finger on what it might be.  You have provided the answer in what can only be described as the greatest scam ever perpetrated.

There are two choices.  We can simply acquiesce to the international banking cartel and condemn future generations to feudalism and debt slavery.  Or we can break the chains by reestablishing our sovereign right to create and control our own money.  We are at peak debt though no one from the media or government seems to be offering any alternatives to the coming collapse and bankruptcy.

     

The G-20 Agreed to Strangle Us With Debt

According to most media reports, the recent Toronto G20 summit was a "failure."

However, if one understands that the real goal is not to repair the economy but indeed crippling it in order to impose a dreadful, new formula of "global governance" on mankind, then the G20 summit was a resounding success, albeit a sinister one.

As, what was the outcome of that weekend in late June 2010? The participating nations -- or should one say: the Politburo of the World? -- brought forth a quite substantial closing declaration, almost a treaty, defining their brutal goals as well as their time-line.

"Ever angelic" and in distant pre-1989 times ,committed Marxist-Leninist, German Chancellor Angela Merkel, who has assumed the leading role in advancing this new formula of de-facto-communist world government, said "We are going to [stop] our economic stimulus policies, through which we used to run into even more debt, and will as industrial nations halve our new debts until 2013."

And in a second step, from 2013 to 2016, the G20 agreed to gradually reach zero new debt - which means, of course, even more "economic contraction".

But after 2016 comes the real thing: paying back all national debt, as ever with interest and compound interest!!!

The monetary magicians from whom we (as states, as companies, or as private persons) have been borrowing valueless, out-of-thin-air paper over decades and centuries, now demand "their money" this time, however, real value and real property.

As Chancellor Merkel explains that time mark of 2016, "That means that countries should then have reached balanced budgets so to take into view the reduction of the sum total of debt itself."

Mankind will get utterly strangled. And, no question, the result of this "programme" will be horrendous poverty, starvation, and death on an unimaginable scale, like all sick Hollywood doomsday movies combined, with this one single bizarre objective: the "creation" of a radically New World, with a sharply reduced population.

Full document of the G-20 Concluding Declaration can be read here:

Part 1: http://imarketnews.com/node/15584
Part 2: http://imarketnews.com/node/15585
Part 3: http://imarketnews.com/node/15586
Part 4: http://imarketnews.com/node/15587

The last great depression and the subsequent bankruptcy of the United States could and should have been prevented.  The coming greatest depression and massive bankruptcy can only be avoided by taking back the creation and control of our money.

Larry 

ccpetersmd's picture
ccpetersmd
Status: Martenson Brigade Member (Offline)
Joined: Oct 12 2008
Posts: 799
Re: Sovereign Debt: The Death of Nations vs. the Wealth of ...

Great article, Strabes, and nice follow up, Larry!

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