Ole Bjerg is an Associate Professor of Copenhagen Business School. He identifies beautifully the critical aspects of the creation of money:
- the difference between
- Paper Money [Cash – about 5% of the money supply] and
- Electronic Money [Credit – about 95% of the money supply]
- the negative consequences:
- banks issue money when the economy is booming and hold back otherwise;
- interest is a ‘tax’ on money
- with growing inequality based on the level of interest rates
- concentration of power
- how much money?
- at what price?
- for what purpose?
- Hence politicians appear to be impotent, as decisions are made in board rooms of banking institutions – outside democratic institutions.
- the smart solution is an update of what Central Banks do with respect to PAPER money to INCLUDE electronic money;
- all citizens should have accounts with Central Banks!
- Commercial banks continue to
- take deposits and lend it
- as a LINK between people who save and who borrow.
- This is a SOVEREIGN system of money creation – reminding citizens to
- understand the creation of money
- participate in the political process of deciding WHO creates money.
This interview with Clif High illustrates an ‘interesting’ state of knowledge or the absence of understanding the essence of the original purpose of ‘currency’ as ‘money’ to facilitate trade:
- accumulating material wealth is priority;
- ‘currency’ is not a medium of exchange but a ‘store of value;
- electronic ‘coins’ are being created for that very purpose – preferably by web bots.
This article was published by the Social Creditor in 1989.
It refers to Anatole Kaletsky writing in The Times and highlights the fundamental problems that have NOT been addressed since either:
- unelected Central Bankers rule by controlling currencies and their relative values;
- national governments BORROW at INTEREST from private bankers;
- government bonds are one of the financial tools that provide passive income.
As a consequence, money has long ceased to be a ‘medium of exchange‘ but has become a ‘tool to control‘ as part of everything that’s dishonest about our money system.
Financial markets and their customers have become clearly more influential than elections and their voters – in the general hype of the media, where the goal is deception just as in George Orwell’s 1984. Continue reading
It takes long-term thinking to understand geo-political processes.
It takes a ‘niche interest’ to want to study how the world has been duped and deceived into what’s so dishonest about our money system.
And it takes a historian who wants to know the truth:
Yuri Rubtsov is a doctor of historical sciences, academician of the Academy of military sciences, and member of the International Association of historians of world war II.
The result is this article:
An excellent time line of four roughly 5-year stages, starting 1919, and an important account of the key players in finance and in industry.
Posted in Bank of England, Banks, Blind spots, Central Banks, Federal Reserve, Money Supply, National Debts, USA, Usury, War, World War I, World War II
There is hope! It comes from creative thinkers who put their thoughts into actions that inspire and empower others. Here are two films that do exactly that:
- Where to Invade Next by the most wonderful Michael Moore from Flint, Michigan – based on ‘what ifs’ that could all become possible;
- The Big Short by American Adam McKay – based on the reality of the financial crisis in 2008-2009.
This email from David Pidcock makes the link to the UK Bradbury Pound as the MODEL for GOVERNMENT rather than BANK issued money as the basis for dishonest money in circulation:
“HONESTY, EVEN IF DEEMED STUPID, IS A FAR BETTER BASIS FOR FINANCE, THAN THE MOST ADROIT FINESSE”
H.M. SECRETARY TO THE TREASURY JOHN BRADBURY WHO ISSUED £500,000 TREASURY NOTES TO SAVE THE BANK OF ENGLAND FROM BANKRUPTCY IN 1914
The Big Short
Posted in Banks, Bradbury Pound, Money
Tagged Academy Award, Adam McKay, Brad Pitt, Collateralized debt obligation, Finn Wittrock, Lehman Brothers, Michael Burry, Ryan Gosling, Steve Carell, The Big Short
This newsletter is one of Canon Peter Challen’s regular email – long standing monetary reformer and organiser of the London Global Table – in the spirit of the Forum for Stable Currencies:
MATTERS IN THE AIR: February 3rd 2016: in which all may share as our networking prospers the cause of inclusive justice… visit the website to view the evolving agenda for the next meeting: http://www.globaltable.org.uk.
DISCUSS MOMENTUM and other introductions to rethinking our voting systems and their potential
FORTHCOMING EVENTS: See http://globaltable.org.uk/wp/forthcoming-events
ELLEN BROWN : our associate is the Speaker at the RSA on Wednesday 17 February 2016 – Why We Should Own the Banks – 1.00pm – 2.00pm – RSA, 8 John Adam Street, London, WC2N 6EZ – https://www.thersa.org/events/2016/02/why-we-should-own-the-banks/. Continue reading
Praised be the web once again to share and benefit from information, knowledge and wisdom that otherwise might not have crossed our paths.
Here is an excellent article about the immoral concept of usury and how Pope Leo X actually made it permissible – exactly 500 years ago!
Strange, the Vatican has been the ‘moral high ground’ while the City has been the core of the ‘financial elite’.
This morning I published:
after I read what George had put together in Australia about gradual enslavement…
Now I read the bio of the usury author and feel very much comforted living on the edge – in line with the Cliff’s Edge Signalling Company who alerted me to the article on usury in the first place. Joining the Dirty Dots seems to be our task !
Posted in Means of payment, Money, Usury
Tagged Abbreviation, Adam and Eve, Adrian Monk, Akita Prefecture, Antipope, Catholic Church, Devil, God, Pope Leo X, Satan
English: The expansion of $100 through fractional-reserve lending at varying rates. (Photo credit: Wikipedia)
The writers of the Bank of England Act 1694 had the intention
to avoid the serious oppression of Their Majesties’ subjects.
Hence they didn’t allow the Corporation to trade. Should it trade after all, it would have to pay as punishment:
treble the value of the trade.
In theory, this means that the BoE would have to pay the Treasury treble the value of all national and public debt bonds!
Will MPs appreciate this when they debate ‘money creation and society’ this Thursday as part of Backbench Business?
See Parliament Debate, including the link to watching the debate live .
Further info on Facebook and these Google results.
Posted in Bank of England, Cash, Creation of Money, Credit, Legalized Usury, Money, Money supply, Money Supply, Money supply inflation, Treasury money
Tagged Associated Press, Dow Jones Industrial Average, Eastern Time Zone, European Central Bank, NASDAQ, New York City, S&P 500, Standard & Poor's, United States Department of the Treasury, United States Treasury security
Margrit Kennedy wrote Interest and Inflation Free Money, Creating an Exchange Medium that Works for Everybody and Protects the Earth in 1987. She addressed the Forum for Stable Currencies many years ago.
„A feeble attempt would call it the feeling of being warmly embraced, deeply comforted, dearly cherished, profoundly appreciated, genuinely treasured, softly nurtured, profoundly understood, completely forgiven, wholly absolved, long awaited, happily welcomed, totally honored, joyously celebrated, absolutely protected, instantly perfected, and unconditionally loved
– all at once. Releasing without the slightest hesitation or regret any and all sense, of individual selfhood, the soul moves into the Light.”
Home with God – In a Life That Never Ends,
Neale Donald Walsch, p.227
Posted in Inflation, Interest, Money
Tagged Bitcoin, Declan Kennedy, Education, God, Inflation Free Money, Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth, Kassel, Margrit Kennedy, Neale Donald Walsch, Office for National Statistics, University of Hanover