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