HUNGARY takes the Lead Issuing Sovereign Debt- and thus Interest-Free Money

English: Member nations of the International M...

English: Member nations of the International Monetary Fund (IMF). (Photo credit: Wikipedia)

It takes intelligence, guts and a position of power to chase central banksters and do what Prime Minister Victor Orban did in Hungary:

  1. get his Parliamentary ‘Debt Committee’ to realise the degree to which the national debt had increased
  2. decide that not only the people but also the responsible politicians should suffer
  3. seek for legal ways of taking past prime ministers to account
  4. chase the International Monetary Fund out of the country
  5. use the country’s sovereignty to issue debt-FREE, i.e. INTEREST-free money and thus finance the REAL economy and not the paper economy of bureaucrats, deceivers and criminals.

This German article refers to 10 mainstream media articles since August 2011 and was the basis for Hungary Sheds Bankers’ Shackles on 25 August 2013 by American Free Press.

In chronological order and simply translating the titles, the story of the Hungarian currency Forint and its economy is:

03 April 2010: Hungary: the tightrope artist from Budapest

13 Apr 2010: If necessary, Hungary must leave the EU

06 Jan 2011: Hungarian muzzles: the new media law has a ‘memory political’ dimension

10 Jan 2011: Hungary’s foible –  misunderstood by Europe and the world, given our historic victims

01 Aug 2011: Orban wants to take predecessors to court – for causing debts

07 Aug 2011: The curse of so much money threatens China – debt crisis in the US, boom in Far East

13 Jan 2012: International Monetary Fund (IMF) refuses any help to Hungary – for it demands political reforms, before talks even begin

15 Jul 2013: Hungary on course of confrontation: Central Bank wants to kick out the International Monetary Fund (IMF)

31 Jul 2013: Hungary: between triumph and reality

03 Aug 2013: Hungary wants to pay back IMF loan prematurely

To me, it seems that only the American journalist got the real gist of the issue:

  • debt-free money liberates sovereign states from their shackles of national or public debts or ‘Public Spending Borrowing Requirements’
  • the media are and have been complicit in using ’emotive’ words regarding Jews, the holocaust and anti-semitism – when the truth was that Hitler didn’t buy into the Rothschild-led system of central banks and national debts
  • since the EU has become an ‘instrument’ of the international banking cartel, ’emotive Europe’ as well as ‘right / left’ politics enter the discussions, when, really, it’s all about understanding the creation of money as debt,  money from thin air and the devastating effect of compounding interest upon interest as a flaw in the monetary system.
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11 responses to “HUNGARY takes the Lead Issuing Sovereign Debt- and thus Interest-Free Money

  1. Pingback: CUTTING LOOSE: Russia Today on ‘Hungary Pays off IMF Debt’ | Money as Debt also known as Credit

  2. Pingback: Hungary gets rid of Bankers, forgives debt, wants out of EU…….media silence! – Annette R.S. |

  3. Jct: Great example to see a national government use the Argentine Solution of using government paper (bonds in Argentine and Russian provinces) to pay workers.

  4. Pingback: “It takes intelligence, guts and a position of power to chase central banksters and do what Prime Minister Victor Orban did in Hungary” | Random Candidate

  5. Jct: Yes, and I’m glad they’re pushing the Bradbury again. Perfect Tallies.

  6. Well Done, Hopefully Australia next 🙂

  7. Great Post , I actually found it useful where you stated , since the EU has become an ‘instrument’ of the international banking cartel, ‘emotive Europe’ as well as ‘right / left’ politics enter the discussions, when, really, it’s all about understanding the creation of money as debt, money from thin air and the devastating effect of compounding interest upon interest as a flaw in the monetary system.

  8. Sweet news ,we need more country to end this fake banking hoaxes,our future shall be with free energy and abundance.

  9. Pingback: Prossimo obbiettivo: Ungheria. | Fractions Of Reality

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