How bank interest causes wars

This post is a ‘rant’ by the grandfather of all LETS (Local Exchange Trading Systems), the most remarkable John C Turmel from Canada, an engineer, a professional gambler and former casino owner, accordeon player and poet. And the most committed activist I’ve ever come across.

Capitalism should be called “interestism”. Maybe then more people would understand the myths they are believing…

The audit industry should serve society … not themselves

Prem Sikka, professor of accounting at the University of Colchester, Essex, has published an incisive and insightful article in The Herald, Scotland.

It illustrates how the circles of power around the super-powers of creating money out of thin air, and as interest-bearing credit, include auditing firms.

John Tomlinson, former Canadian stockbroker and author of Honest Money, told the Forum for Stable Currencies on November 4, 1999 about the differences between the audits of banks and of other companies.

We the taxpayers can only add to “public pressure” and “public opinion”, it seems…

Fed under fire as public anger mounts

Congressman Ron Paul on his 30-year mission

This article by Associated Press writer TOM RAUM puts the finger on the button: Congressman Ron Paul has not only found support for his legislation, but his book End the Fed is also becoming popular.

End the Fed is synonymous with ending national debts.

See also Die Geissel der Nationalen Schulden – Wie Völker verwirtschaftet werden, und Europa es besser machen könnte.

Controlling the Controllers

A first step to control the Federal Reserve seems to have been taken. Ron Paul has been at it since 1983. Great consolation!…

Here’s Fed Beaten: Bill to Audit Federal Reserve Passes Key Hurdle, originally published by the Huffington Post, multiplied by Common Dreams

25 People to Blame for the Financial Crisis

Pretty good article in TIME Magazine, even though it doesn’t go to the heart of the problem of money creation, national debts and the completely unsustainable ratio of 3% Cash and 97% Credit in the money supply…

Dutch Barter System Challenges Bankers

This article is about possibly the most effective regional currency put in circulation – juxtaposing it against the key thinkers and systems around: the right analysis, the right motivation and thus the right governance. May it succeed and serve as a model!

Petition on Money Creation

Here is a well written petition to the Prime Minister asking to make the Bank of England the sole creator of money in our economy.

Debt peonage in Latvija

This video is a talk by Dr. Michael Hudson explaining the advice he has given to the government of Latvija in Riga.

It illustrates how the International Monetary Fund (IMF) and the European Central Bank (ECB) play the tune to which governments are expected to play and let German and Swedish banks live rather than the local Latvijan economy.

Dr. Hudson calls it “debt peonage” and “neo-colonialism”.

Michael Moore supports public banking

In the wake of Michael Moore’s latest film Capitalism: a Love Story, he proposes 15 things every American can do right now.

Point 4 says: each of the 50 states must create a state-owned public bank like they have in North Dakota (and like there were in Germany before WWII).

The public banking option has recently been described by Ellen Brown as Reviving the Local Economy with Publicly-Owned banks.

Good to read GOOD NEWS in the plethora of  ‘crisis news’!

Monetary inflation is not price inflation

As I am writing a book in German about national debts, I am deepening not only my understanding of our debt-based monetary system, but also the way language is used to impose the system through organisations and institutions.

And thus I have discovered this article that distinguishes between “monetary”, i.e. currency-related inflation and “financial”, i.e. price-related inflation.

The value of a currency in relation to other currencies feeds into the mechanism of controlling other nations, besides feeding the fever and zeal of traders and investors.

The value of products, services and labour feeds into the mechanisms of exploiting planet and people.

Who controls whom?

Who controls the controllers?

What can you and I do? Let’s just love the internet that allows us to express our thoughts and to connect with likeminded people. They are EVERYWHERE.