Wednesday, September 4, 2013

#48 Paul Drockton, At His Best 9/3/13

Paul Drockton's report on RBN for 3 September, 2013 (for those with access to the archives, this would be worth having a listen), conveyed to the public many things that are increasingly pertinent. This is not going to merely recap what he covered, as we have some messages of our own to convey. Drockton admonished the public to be buying silver and gold and taking physical possession of it, and we agree. You build up your own stockpile of it (bags of coins, etc.) and stash it away. You do NOT place it in some “safety deposit box” in any bank, not even (if they even have them) in a credit union, which in every case is merely an extension of some bank.

Banks, as all of them practise fractional reserve banking, with all of its flaws, are to be considered almost the precincts of the enemy camp. Few realize that banks consider your deposits as ultimately theirs not yours. You are warned when you use their bad notes; they say right on them who owns them. You are in fact renting them by paying interest to them for their use. One thing I want everyone to understand is that if we fail to rescue the magnificent invention of paper money from extinction (something I frankly doubt can happen anyway, as the concept is thousands of years old and is based on basic honest commerce), the world would plunge back into times when life was, for most people, nasty, brutish and short, like the 4th century. In order to prevent this catastrophe, we must present to the public good notes that are backed.

The very first time in history good notes were exchanged as money was when people exchanged receipts for goods in order to clear a trade, to accomplish barter. These notes were all backed by the goods they represented; they were good to the bearer for receipt of those goods. They were clay or stone tablets and evidence of their use is thousands of years old. The basis of sound money, and the reason Solomon's economy worked better than Babylon's, is that it was based on notes payable in real goods (not just specie) and its result was to reduce the comparative value of silver and gold to the stones under foot.

Yes, back when American coins were silver and they fell to the ground, you walked on them and thought nothing of it. Sometimes, it's hard to believe now, they might occasionally even be swept up and thrown away! It's quite different nowadays. You know things are not quite right when a small piece of silver, like a pre-1964 quarter dollar, contains enough purchasing power to buy a fast food lunch or a gallon of gasoline (petrol). For those who can remember times when hamburgers actually were that cheap, the late 1940's, recall that they were being paid for with real silver coin not Vieira's slugs. We still use the same scrip, as I've said rented from them, that was used then. This scrip was then and remains unbacked and therefore unsound.

But maintaining government issue (allowing governments to borrow and perpetuate public debt) and allowing some people to lend money that they don't even have, which is characteristic of all fractional reserve banking, was going on back then as well. What some might have you believe is that we can set things right by just going back there and allowing even private banks to operate using the same fractional reserve model, just break the “too big to fails” down to size and things would be perfect once again. The wiser perspective however is to take the long view of things and begin to recognize certain patterns.

The present banking and monetary system itself is an example of mankind trying something over and over and over again and expecting different results. It's insane. It's also a bit like alchemy attempting to turn base metals into gold. That too is insane. I note, and Drockton probably knowns this as well, that the same kinds of people down through time have been interested in both alchemy and banking and always for nefarious reasons.

Our VEN proposal offers a distinctly different solution. All our notes will be backed because none of them will be borrowed into existence nor the result of government spending in the public interest or whatever rot some statist can come up with to describe just why governments shouldn't live within the means set for them by the public.

Drockton was (and has always been) quite forthright in what he believes, and the reason his reportage is valuable is that he really does have his fingers on the pulse of the present economic disorder. Yes, Mystery Babylon (certainly an adequate name to express the nature of the power we all live under) means confusion, a confusion that for the moment, like the Wizard of Oz, hides behind curtains of mystique and deception. Drockton's insights are valuable as he understands the present system quite well, knows its past history, and the nature of those who are orchestrating events (including those periods of rash bombast -wars- that cost millions of human lives, of people the financial / ruling class do not care about, as they are just “in the way” or “useless eaters” or slaves, or cattle!)

Currently under way is a forthcoming paper concerning the monetary history of the United States. It will attempt to explain in as brief detail as possible, just how we got where we are today and what and who led us here. One man's imprint stands out more than any other, that of the man on the $10 bill, Alexander Hamilton. There is much that has surfaced concerning this character. We will consider less the nature of the man, (except to recognize his type around us everywhere in the modern world), than the nature of his ideas and how they shaped the destiny of this country and all other countries to a lesser degree. None of Hamilton's ideas were new when he proposed them. He represented a foreign system that is foreign to every nation, that had been in existence for a very long time. It was and is one in the same as the present commercial fractional reserve banking model.

We will consider an alternative model that might even have won Jefferson's approval. We will consider the hard money character of the US Constitution and what it means. We will blast all the unconstitutional activities of the foreign financial power, making a few positions unmistakably clear. We will advocate some legal and political action at state and provincial levels only, but otherwise continue to advise a “come out of her, my people” response to centralized government, centralized authorities of all kinds, particularly the nefarious actions of the United Nations, that foreign organization headquartered in New York, etc. The headlines reveal the dire direction we are heading. We must figure out a way to change course. The future of mankind, of civilization and of the planet itself demands it.

David Burton

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