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Money as debt
Posted on Sunday, February 08, 2009 @ 14:02:04 GMT by vlad

General A brilliant short film (~ 50 min) by Paul Grignon. "Only the small secrets need to be protected. The big ones are kept secret by public incredulity." - Marshall McLuhan, media "guru".

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough money to buy it back again. However, take this great power away from them, and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create money and control credit." ...
Sir
Josiah Stamp - Director, Bank of England 1928-1941


It's a strange system and it's not in our best interests

One of the last things John F. Kennedy did before he was assassinated was declare his intention to reform the central banking system of the United States.

No connection between these two events?

Congressman Louis McFadden, Chairman of the House Banking and Currency Committee from 1927-33, opposed the Federal Reserve System. There were three reported attempts on his life before he finally died of "heart failure."

Here's what he said about the Federal Reserve from the floor of Congress:

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed.

The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it."

Source: http://www.brasschecktv.com/page/135.html

 
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"Money as debt" | Login/Create an Account | 6 comments | Search Discussion
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Re: Money as debt (Score: 1)
by ElectroDynaCat on Tuesday, February 10, 2009 @ 11:50:39 GMT
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This is an excellent piece on a subject that is going to become very important to everyone in a short period of time.
It's long but it explains something that is as mysterious as energy itself.

In some ways, money is actually a metered form of energy.



Re: Money as debt (Score: 1)
by RBM on Thursday, February 12, 2009 @ 16:34:22 GMT
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So this is certainly getting around, even here. I have from trusty sources one might also look up: Chris Martenson's Crash Course [www.chrismartenson.com] for more information on this process:
Chapter 6: What is Money? [www.chrismartenson.com]
Chapter 7: Money Creation [www.chrismartenson.com]
Chapter 8: The Fed - Money Creation [www.chrismartenson.com]
Chapter 9: A Brief History of US money [www.chrismartenson.com]

Specifically dealing with your investment vs. savings comments, the following chapters explain why savers are punished by the effects of inflation, thus the only way to protect the purchasing power of your wealth is to put it at risk through investments:
Chapter 10: Inflation [www.chrismartenson.com]
Chapter 11: How much is a $ Trillion? [www.chrismartenson.com]
Chapter 12: Debt [www.chrismartenson.com]
Chapter 13: A National Failure to Save [www.chrismartenson.com]
Chapter 14: Assets and Demographics [www.chrismartenson.com]
Chapter 15: Bubbles [www.chrismartenson.com]

Additionally, you can find the same information about our monetary system in Web of Debt [www.webofdebt.com] by Ellen H. Brown, or The Creature from Jekyll Island [www.amazon.com] by G. Edward Griffin.

Hat Tip, TouscanSanctuary:
http://www.theoildrum.com/node/5097#comment-470819






Today's "banksters" unbelievable fraud (Score: 1)
by vlad on Tuesday, April 07, 2009 @ 22:13:11 GMT
(User Info | Send a Message) http://www.zpenergy.com
April 3, 2009

BILL MOYERS: Welcome to the Journal.

For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that "The Best Way to Rob a Bank Is to Own One." In fact, the man you're about to meet wrote a book with just that title. It was based upon his experience as a tough regulator during one of the darkest chapters in our financial history: the savings and loan scandal in the late 1980s.

WILLIAM K. BLACK: These numbers as large as they are, vastly understate the problem of fraud.

BILL MOYERS: Bill Black was in New York this week for a conference at the John Jay College of Criminal Justice where scholars and journalists gathered to ask the question, "How do they get away with it?" Well, no one has asked that question more often than Bill Black.

The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, "get Black — kill him dead." Metaphorically, of course. Of course.

Now Black is focused on an even greater scandal, and he spares no one — not even the President he worked hard to elect, Barack Obama. But his main targets are the Wall Street barons, heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname "banksters."

Bill Black, welcome to the Journal...

Must watch the whole video: http://www.pbs.org/moyers/journal/04032009/watch.html [www.pbs.org]




 

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