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.
The Forum for Stable Currencies would not have been created without Lord Sudeley. He would not have learned about usury at the root of our dishonest money system, if his family had not been bankrupted in 1893 by Lloyds Bank – as published on the above archive site.
Since we organised meetings at the House of Lords and Commons, we made so many connections among victims of bank and judicial fraud that I created a whole list of websites:
- first men who had created businesses and were bankrupted;
- then families whose homes were re-possessed;
- and finally the mothers whose children were kidnapped by the state’s institutions – all in all 33 sites promoting and advocating Open Justice.
When I met Lord Sudeley for the first time, I remember saying to him: when we heal your family, we will heal your nation… Today I received this email from him:
“Much new ground was broken on our bankruptcy in the paper by Dr Stanley Chapman, author of The Rise of Merchant Banking, in The Sudeleys – Lords of Toddington, published in 1987 by the Manorial Society of 104 Kennington Road, London SE11.
Further advances are given in my 10-page paper, just published in the Transactions of the Cymmrodorion Society, together with its Ancillary Memorandum. The Enterprise Act has mitigated the harsher effects of the old cardinal rule in business that liquidity or cash flow is more important than capital. And now we may understand more clearly how under Slow Payment of our debt which arose put of the agricultural depression there would have been no bankruptcy.
Looking ahead, perhaps not enough headway is to be anticipated over the eradication of usury, which was the root of our trouble, since usury has become too ingrained in our monetary system. More headway might be expected however over the unsatisfactory character of banks guarantees, which reduced without in the end altogether eliminating the fourth Lady Sudeley’s Tollemache inheritance.
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
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
This 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!
Posted in Austerity, Bank of England, Blind spots, Bradbury Pound, Cash, Creation of Money, Credit, Credit Creation, Debt, Economics, Government debt, Legalized Usury, Money, Money supply, Money Supply, National Debts, Public Debts
Tagged Bradbury Pound, Central bank, early day motion, Government debt, HM Treasury, Money Bomb, Money creation, Thomas Paine
The Growth of Credit over Cash since 1943
The Bradbury Pound to the Rescue!
A little known historical precedent that will stop the criminal debt-creating banksters well and truly in their tracks!
Central Banks – the Irresponsible Institutions
The completely contrived and planned global debt bubble is rapidly becoming unsustainable and will burst at some point very soon bringing with it a financial meltdown on a scale never before seen. It’s now clear from whistleblowers and researchers that the cabal that makes up the debt-creating banking elite, with their global network of central banks (including the Bank of England and the Federal Reserve) led by their little known Bank for International Settlements (BIS), has a well laid plan to collapse the world’s economy.
One World Debt-Based Currency – the mechanism for Global Slavery
The plan, using unsustainable and unlawful debt to collapse the major currencies of the world, is well advanced. It’s all about the banking elite’s long term goal to create a centralised and global electronic currency – a currency that will inevitably lead to the reality of a cashless world where complete Orwellian control decides who gets paid and who doesn’t! Continue reading
Posted in Austerity, Bradbury Pound, Cash Crumble, Challenging the Recession, Creation of Money, Issue of Currency, Legalized Usury, Money supply, Money Supply, National Debt, National Debts, Online activities, Public Debts
Tagged Bank for International Settlements, bank of england, Bradbury, British people, Central bank, government, HM Treasury, London