Category Archives: Debt

@ukhomeoffice @kaletsky Déjà vu: #Maastricht #Lisbon #Brexit: autocratic Central Banks control Governments who borrow money at interest

16 07 07 MaastrichtThis 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:

  1. unelected Central Bankers rule by controlling currencies and their relative values;
  2. national governments BORROW at INTEREST from private bankers;
  3. 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

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OVER 30 MPs debate #MoneyCreation and Society – #Cash vs #Credit – Governments vs #Banks

UK Parliament debated Money Creation and Society for first time in 170 years.  Here’s what they said – on this video – starting at 11:18:

London, 21st November 2014

On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.

 

Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money[1], when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England[2]

 

MPs acknowledged the problem of their own lack of understanding of money creation [1]:

 

Peter Lilley MP stated that “A lot has been made of the ignorance of Members of Parliament of how money is created. I suspect that that ignorance…… explains many things, not least why we entered the financial crisis with a regulatory system that was so unprepared for a banking crisis.”

 

Zac Goldsmith MP was the first to admit at the debate that he does not fully understand the system, stating, “I suspect that most people here would be humble enough to recognise that the banking wizardry we are discussing is such a complex issue that very few people properly understand it.” Continue reading

BACK TO the Future: from 1914 (WWI) to 2014 (Bradbury Pound)

13 10 09 Money Matters

13 10 03 ERC BradburyThis 48-page booklet (1981) and this 200-page book (1986) are as fundamental as The Money Bomb (1983) – and as true and relevant today as there and then – if you want to understand how ‘money’ has changed from being a ‘medium of exchange’ to being used as a ‘tool for control’!

The title says it all: Government Debt and Credit Creation! 

WHY AUSTERITY? Let me count the reasons… [NOT in our interest!]

U.S. National Debt Additions

U.S. National Debt Additions (Photo credit: Wikipedia)

English: National Debt Graph

English: National Debt Graph (Photo credit: Wikipedia)

Argentine public debt, 1994–2004.

Argentine public debt, 1994–2004. (Photo credit: Wikipedia)

The excellent blog Political Cleanup is asking:

Why Austerity?

  1. The agenda of the global elite is to CONTROL
    1. People as well as the resources of the planet
  2. It rules by
    1. Controlling the currencies of nation states via central banks
    2. The central bank of central banks is the Basel International Bank of Settlements
  3. Money is a medium of exchange?
    1. Virtually all money is created as DEBT aka CREDIT
    2. Its main function is to pay INTEREST to the issuer
      1. i.      As ‘costs’ to banks
      2. ii.      shares to corporations
      3. iii.      dividends to shareholders
      4. iv.      rent to land / property owners
  4. Debt is legally enforceable
    1. i.e. money has become THE tool to CONTROL…
    2. digital footprints everywhere…
  5. Dishonest Money creates dishonest people
    1. The Rule of Law has been replaced by the Rule of Money
    2. Criminals rule aka anarchy…

Big sighs!

Continue reading

Santa Claus creating presents from thin air – a video making fun of ‘economics’

As a mathematician and systems analyst, I have long claimed that economics is a ‘pseudo-science’. It was set up deliberately to camouflage what central bankers and other banksters are doing: create ‘money’ from thin air and charge interest for it that never gets created…

This becomes apparent when you learn that ‘money’ is never the subject of teaching at the London School of Economics, let alone the difference between Cash and Credit. When the daughter of the author of The Web of Debt wanted to write her thesis about the national debt, she was told “that is not capitalism”, i.e. it’s more a religion than a science!

Deck the Halls with Macro Follies is a video that makes fun of economic jargon and consumerist slogans – as a way of re-confirming those of us ‘in the know’ and possibly allowing some viewers to question what’s going on in terms of ‘Macro Follies’.

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too:

Monday, November 19th, 2012

Dear President Obama:

Good luck on your journeys overseas this week, and congratulations on decisively winning your second term as our president! The first time you won four years ago, most of us couldn’t contain our joy and found ourselves literally in tears over your victory.

This time, it was more like breathing a huge sigh of relief. But, like the smooth guy you are, you scored the highest percentage of the vote of any Democrat since Lyndon Johnson, and you racked up the most votes for a Democratic president in the history of the United States (the only one to receive more votes than you was … you, in ’08!). You are the first Democrat to get more than 50% of the vote twice in a row since Franklin D. Roosevelt. Continue reading

Pakistan is Examining its Illegitimate Debt Burden

Blog the Debt is a great blog in the spirit of “Jubilee USA’s notes on debt and economic justice. Cancel debt. Eliminate poverty.”

This news item is about Pakistan Probing for Illegitimate Debt.

This is hopefully the beginning of unravelling the heinous enslavement of the world by Public Debts for Vested Interest Payments as institutionalised by central banks since the Bank of England Act 1694 or Anglo-Saxon capitalists…