Reforming the Global Financial System Flushing the Parasites or The
Real Reason Capitalism has Failed 101 Click to go to our Home Page
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If people in general could understand this stuff, or if they had
understood it right from the beginning, it may be a very different scenario we
are facing today. It is too late for the people, so it is just so much
wishful thinking. A populist uprising, demanding monetary reform may yet
come. It could very well even be fomented by letting the mainstream media
become and organ of truth on these matters, just so a crisis of civil unrest
can be created to further the goals of total control. ~KS
Note by Ron: What KS does not know is that the largest of mainstream
media is owned by the same interests that own the World Banks, the Federal
Reserve and the World Monetary Fund.—rwb
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
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. William 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
Reuters 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.
[1] Three
excellent BIS articles: http://www.argumentations.com/Argumentations/StoryDetail_7174.aspx;
http://www.afghanvoice.com/index.php/business/economics/controlling-the-world's-monetary-system-
the-bank-for-international-settlements/ ; http://www.bilderberg.org/bis.htm#visit;
[2] Geraldine Perry, “The World According to Derivatives,” (http://thetwofacesofmoney.com
)[3] Linda Minor, “Follow the Yellow Brick Road: From Enron to Harvard”
(http://www.newsmakingnews.com/lindaminor/lm3,19,02harvardtoenron,pt1.htm)
[4] Antony Sutton, “Wall Street and the Bolshevik Revolution”
[5] Antony Sutton, “Wall Street and the Rise of Hitler”
Jerry Fresia, “Toward an American Revolution: Exposing the Constitution and
Other Illusions”
Charles Higham, “Trading With the Enemy: An Expose of the Nazi-American Money
Plot, 1933-1949”
[6] Smedley
Butler, (http://home.iprimus.com.au/korob/fdtcards/Butler.htm)
[7] Michael Chossudovsky,
“Who are the Architects of Economic Collapse?”
Jeff Gates, “All Too Familiar,” (http://www.criminalstate.com/blog/?tag+robert-rubin)
[8] Russ Winter, “The US: The World’s Biggest Blue Light Special”