#76 Quotes which Prove Nothing!

Source The International Bankers–famous quotes about international bankers

We found this site with these quotes. We're going to tear most of them apart to let everyone else see what we see about them and go on with our project. As usual their words are in blue, mine in black:

The International Bankers

Just by reading through these quotes, you will have a very clear picture of what happened to America and how we got in this fix in the first place. [Quotes arranged in approximate chronological order.]

Notice throughout that either they offer no clue as to how to proceed except to go back to using precious metals (the other convenient side of the bankers' dialectic). Before proceeding further, it would be best to familiarize everyone with our proposal, or you can wait to read it while I tear most of these quotes apart and then read our proposal.

“The bank hath benefit of interest on all moneys which it creates out of nothing.” – William Paterson, founder of the Bank of England, 1694

STOP: The proper question is NOT about the creation of money from nothing, as even this fellow with all his rank and position failed to understand, but WHO gets to create it. If it is some bank charging interest that gets to do it (usually as a monopoly), they have stomped on everyone's natural right to issue their own money (a new concept to some, but this is a real contention of this blog), as everyone has an inalienable right to trade for their existence to obtain what they need. Money is the mere human invention to accomplish splitting a barter transaction and nothing more.

“A theft of greater magnitude and still more ruinous, is the making of paper money; it is greater because in this money there is absolutely no real value; it is more ruinous because by its gradual depreciation during the time of its existence, it produces the effect which would be proration of the coins. All those iniquities are founded on the false idea the money is but a sign.”- Count Destutt de Tracy, 1754-1836

THIS MAN IS AN IDOT! Money IS nothing but a sign that a trade has taken place, nothing more. If anyone thinks differently, they play right into the laps of bankers and speculators, because they've decided to use one commodity to price another and NO COMMODITY CAN BE MONEY BECAUSE IT PARTICIPATES IN THE TRADE.

If you buy something with silver or gold, you don't have any say in how much those metals are worth at the time the trade is made as that's decided by speculators in some far away city over whom you have no control. GOLD AND SILVER ARE NOT MONEY. This is one of the biggest and oldest scams going. In particular the emphasized part of the above quote regarding paper money as of no real value, shows the man's ignorance about the true nature of money. If you happen to disagree, you're an idiot and it's time to get some better knowledge or remain stupid, it's up to you.

“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”- George Washington, 1732-1799

He didn't know any better either.

“The few who understand the system, will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class.” . . . “Let me issue and control a nation’s money and I care not who writes the laws.” – Mayer Amschel Bauer Rothschild, 1744-1812

Simple then, this man and his ilk have stolen a right from you and everyone else and convinced you that it was a good thing, that your money was “safe” etc. Really? Yes really. Why didn't anyone tell us? You waited to be told so now you have been told.

“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” – John Adams, 1735-1826, letter to Thomas Jefferson.

Neither Adams nor Jefferson understood anything about money. I'm not even going to debate the matter with anyone. They only knew the bankers gimmicks from their own time and of course they were against the bankers. It's one thing to confuse banking and money, it's another to confuse wealth and income. Most people are confused because the bankers wanted it that way. The best way to tell someone they aren't a slave (when they still are anyway) is to give them some LOANED money and let the people carry it around for a while and they think they're free, when they're actually slaves and the money they use says so.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” . . . “Paper is poverty. It is the ghost of money and not money itself.”– Thomas Jefferson, 1743-1826

How can he be right about the issuance of money without understanding money itself? His second statement is mere nostalgia for something that he never fully understood in the first place, because he was still living in whole barter land rather than split barter land. Want to go back to whole barter? That's when life was “nasty, brutish and short.”

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison, 1751-1836

We know. The only way to stop them is to inform people of another way that doesn't empower states or banks, but empowers you and me and by the way this statement underlines our contention that the “Austrians” are nothing but liars when they suggest that precious metals were accepted as money freely and without challenge. Statements like that are out and out LIES. Gold and silver coins all have the heads of the monarchs on them that issued them. Most common people had no precious metals, did that disqualify them from the benefits of trade and life? Think about this before reacting. Sure it did, people without gold or silver were either enslaved or died and in any case they were always poor, there was no way up and out of their plight. To hell with gold or silver as real solutions! We'll use them to exchange THEIR stinking rotten blood soaked money for ours and that's all they'll be good for. Understood?

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, 1769-1821 [a sympathizer for the international bankers, turned against them in the last years of his rule.]

Maybe, but he certainly knew nothing about money except that he imagined that the state should be issuing it. Bill Still and the like apparently are in agreement with Napoleon.

“Nothing but widespread suffering will produce any effect on Congress… Our only safety is in pursuing a steady course of firm restriction – and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank.” – Nicholas Biddle, (1786-1844), Banker and American financier

So, if the people are foolish enough to imagine all sorts of weird and wonderful things about the magical power of money, rather than what money actually is and what it does, then bankers can and will take advantage of them by stirring up trouble. After all, there's always someone desperate enough and without qualms enough (our current politicians, etc.) who will take their money and do their dirty work for them. Heads up people: why do you think the world is in such distress right now? They're still doing it.

[Speaking about international bankers] “You are a den of vipers! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” . . . “If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.”– President Andrew Jackson, 1829-1837

Well, all that's well and good Jackson, as long as you never knew you were stepping on everyone's rights to issue their own money as a natural right. That's the news, folks. Everyone from time immemorial has stomped on your rights ... because they could and because it was their intention going back hundreds of years, to brainwash you into thinking that you needed them for this key function, rather than doing it yourself. Oh, they don't like that “do it yourself” stuff, not when it comes to money, oh no. Why? Because they'd rather steal than work; all taking of interest (usury) is theft. Understood?

“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.” – John C. Calhoun, Vice President (1825-1832) and U.S. Senator, from a speech given on May 27, 1836

So what? Devise your own money, compete in Free Enterprise and trade among yourselves and let the rest of their dirty rotten lot go to hell. You don't even really want to know them.

“The world is governed by very different personages from what is imagined by those who are not behind the scenes.” – “Coningsby, the New Generation”, Benjamin Disraeli, first Prime Minister of England, 1844

Though some will dispute it, government is about mind control and brainwashing, but governments do exist and aren't going away and they have bestial power to FORCE you to do their will. If the world is governed, then those doing the governing have convinced you that they have the right to FORCE whatever idiotic dictat down your throat, etc. They'll do as they please and consider your assent to it as either confirmed, assumed or unimportant. What Disraeli means has another connotation; if they are very different personages from what is imagined by those who are not behind the scenes then they are just as well intentional deceivers, liars, thieves, criminals, etc. the worst possible types of men (and a few women besides).

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” . . . “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” – Daniel Webster, circa 1845, leading American statesman

He didn't understand money either. The labouring classes were not and are not deluded with paper money, they are deluded with THEIR paper money. I'd like here to remind everyone that it is customary for an enemy to use PROJECTION; it isn't my fault, it's yours. It's not paper money at all that's at fault (it could have been leather tags as the Spartans used) it's that THEY (either banks or governments) get to issue it instead of YOU. They took your natural right away from you, not knowing or caring whether it was yours, and have done what they wish with that opportunity. But you had nothing to do with it. It's not YOUR money.

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it.” – Economic Sophisms, Frederic Bastiat 1801-1850

Here Bastiat merely states a fact and identifies a conspiracy for what it is; a few people acting in secret, whether for or against another larger group of people makes no difference, it's still a conspiracy for plunder without effort; capitalism.

I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe. – Abraham Lincoln

Lincoln, you probably didn't know, was a railroad lawyer before he got into politics. He had even bought land near Council Bluffs, Iowa in hopes that the planned transcontinental railroad would pass through his land. After serving as president, Lincoln had intended to go out to California and live out his life there, but the bankers had other ideas, because they still hated that he had “gotten off his puppet strings” and had the government just print its own money, the Lincoln greenbacks, which were interest free at issue. Bankers hate anything, in money terms, in which they do not get a slice of interest and exercise a control.

“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war.” – Abraham Lincoln – In a letter written to William Elkin, 1860

Emphasis mine. This has already happened. This is part of the history most don't know anything about. As I've stated in the pages of this blog a few times already, I divide men between those who have read Tragedy and Hope by Carroll Quigley and those who haven't. If you have not read this book yet, you don't know anything, John Snow. OK?

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. ” – Abraham Lincoln, 1809-1865

No sir, by adoption of these principles, Bill Still wants this too, the government is still the first and biggest spender in the economy and why should they be? WHY SHOULD THE GOVERNMENT BE THE FIRST AND BIGGEST SPENDER IN ANY ECONOMY? Right, they shouldn't. Besides which this would and does stomp on every human being's right to participate in the market for goods and services they need. Grow up, people. You do not need any government to be issuing money that is supposedly yours but was really loaned into thin air from some bank. This is just one more attempt to suggest a delusion that never ever existed and never will, that any human government really works for the people, when in fact they work for themselves -and those who PAY them in THEIR money to stay there!

“If this mischievous financial policy, which has its’ origins in North America, shall be endured down to a fixture, then that government will furnish its own money without cost. It will pay off its debt and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedence in the history of the world. The brains and the wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.” – Editorial in the Times of London, 1862

GOOD! Because most of those monarchies are degenerate, corrupt, despicable cesspools of arrogance, foolery and among the worst sorts of men (and women).

“The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, and more selfish than bureaucracy.” – Abe Lincoln, 1864

They are organized to make a living through lending money at interest (which is usury no matter how small that interest is).

“My agency, in promoting the passage of the National Banking Act was the greatest financial mistake in my life. It has built up a monopoly which affects every interest in the country.” – Chief Justice of the US Supreme Court and Advisor to Lincoln, Salmon P. Chase, 1864

You were one of them, Mr. Chase. You should have gotten out and away from them if you could. Now, since you didn't, your name is going down in history as associated with bankers, why even your name is on one of the biggest banks today.

“The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained in one block and as one nation, would attain economic and financial independence, which would upset their financial domination over the world. The voice of the Rothschilds prevailed… Therefore they sent their emissaries into the field to exploit the question of slavery and to open an abyss between the two sections of the Union.” – Otto von Bismarck, German chancellor, 1865

For which, and all my British friends should hear me out loud and clear, there are and shall always be reservoirs of profound hate for some among you who we would like nothing better than to hang from pikes. Those of you who can, should get away from them and if not, stand and defeat them! Their headquarters remains in YOUR country. Understood?

“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots…I fear that foreign bankers with their craftiness and their torturous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth shall become their (the bankers’) inheritance.” – Chancellor of Germany, Otto Von Bismarck, 1865.

This was done already in the 20^th century with maybe 200 million casualties, mostly from the nations of Christendom. Anyone who goes to war for them, for the protection of their monopolies, rackets, etc. all the rest, is their whore. Enjoy being screwed even while you kill your brothers? That's all the bankers want.

“I went to America in the winter of 1872-1873 to secure, if I could, the passage of a bill demonetizing silver. It was in the interest of those I represented – the governors of the Bank of England, to have it done. By 1873 gold coins were the only form of coin money.” – Earnest Seyd, Agent for the Bank of England, 1873

Message to the “Austrians” and any who support their side in the bankers' dialectic: bankers do not care whether silver or gold flows in the streets among shoppers and shop keepers, etc. They only care about control and their monopolies, which include gold and silver. THEY choose to determine what any of THEIR precious metals shall trade for, not you or me. So if you think precious metals are the answer, you have already fallen for one of their oldest scams.

“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain’s money supply controls the British Empire, and I control the British money supply.” Baron Nathan Mayer de Rothschild, 1840-1915

So you have one of two alternatives; 1) millions of people rise up and take them down and then what? More of the same? ... starting with the government spending into circulation without buying back anything in return, so you get inflation guaranteed. Or, 2) you demand the right to create and issue your own money. In fact you do not demand it from any state, because they are not the ultimate authority, since they have no monopoly on truth.

Your right to your own money still remains to be addressed. A guy like Bill Still certainly does not get it. One hopes he eventually will get it. Still thinks we need the government to issue our money for us, and he is I guess content with the inevitable, continuing and ultimately crippling levels of taxation this solution always requires. NO, damn it! If we all deserve our own money (our answer to state socialism) and by God we will have what's ours; our own money!

“It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious press, as will oppose the Greenback issue of paper money and that you will also withhold patronage from all applicants (for loans) who are not willing to oppose the government issue of money…To repel the act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders. See your congressman at once and engage him to support us, that we may control legislation.” – James Buel, American Bankers Association, 1877.

Aint that too damn bad!

“Whoever controls the volume of money in any country is absolute master of all industry and commerce. And when you realize that the entire system is very easily controlled, one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 1881. {He was assassinated just weeks after making this statement.]

Imagine the enormity of the accusation; Garfield was assassinated for telling the truth about the bankers. How does that make you feel now about THEIR money, THEIR banks and frankly THEIR government? We'll leave the government out of it, because as we've taken some pains to point out, ALL governments that borrow from banks are their slaves and that my friends was the entire purpose of the US Constitution. The Federal Reserve (and the ECB too) do not need to be audited, they need to be closed and their participants jailed and a few executed for treason, etc. The US Constitution on the other hand DOES need to be audited, specifically to determine whether the amendments were ratified and if not, they and all public law depending from them should be abolished, done away with, stricken from the books, thrown out, etc.

“We will answer their demand for a gold standard saying to them, ‘You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold’.” . . . “The money power denounces, as public enemies, all who question its methods or throw light upon its crimes.”– William Jennings Brian [sic], 1896

The reason for Bryan's statements (it's Bryan not Brian) is that he knew that people cannot be free if their money is in some scarce commodity that they have little of. We'll get into the whole “store of value” nonsense about money too. Enough to say right here that anyone who accepts as an article of faith that money must be a “store of value” is again an idiot. A store of value is any commodity including paper, gold or silver. Using something as money (a mere means to achieve an accounting objective to settle terms of a barter transaction) does NOT infer or imply that the token itself must “store” or “back” anything else of value the money may be used to buy.

“The fact is that there is a serious danger of this country becoming a Pluto-democracy; that is, a sham republic with the real government in the hands of a small clique of enormously wealthy men, who speak through their money, and whose influence, even today, radiates to every corner of the United States.” – William McAdoo, 1912 – President Wilson’s national campaign vice-chairman, wrote in Crowded Years

Well, this certainly has happened. Notice also the inference concerning “wealthy men.” Do they have more income from their cash money than you or I do from our labour? Yes, they do, since capitalism is there to help them (making money on money without working for it) and they can be said to be wealthy, otherwise they're just some people with a lot of stuff.

A great industrial nation is controlled by its system of credit. – President Woodrow Wilson , The New Freedom, 1913.

And this guy was a philanderer blackmailed dupe of the elites, as are most academics, who are usually among the weakest of all possible men. His regime brought in the Federal Reserve and the First World War which we did not need to join, so I wouldn't bother with much of anything he said or did.

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world – no longer a Government of free opinion no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men…. Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” – The New Freedom, President Woodrow Wilson, 1913 (after signing into passage the Glass Owen Act of 1913 that established the Federal Reserve System)

“Gee whiz kids, what have I done?” You did what they wanted you to do, asshole! The blood of every American who died in that Great War is on your hands too.

“On September 1st, 1894, we will not renew our loans under any consideration. On September 1st, we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi as well, at our own price…Then the farmers will become tenants, as in England.” – 1891 American Bankers Association Memo, recorded as testimony in the Congressional Record, April 29th, 1913

Those advocating a “back to the land” strategy had better be real familiar with what these bankers always tried and did throughout history. Bankers and farmers have always been enemies. The bankers have always wanted to control the food supply to control the people and have plenty of food to feed soldiers for more wars. The first great banker war was probably the 30 Years War which ended when the peasants revolted in Poland and killed all the money lenders. Look into it, please.

“This act establishes the most gigantic trust on earth. When the president signs this bill, the ‘invisible government’ by monetary power will be legalized. The people may not know it yet, but the day of reckoning is only a few years removed…The worst legislative crime of the ages is perpetrated by this banking bill.” – Rep. Charles Lindbergh Sr. (R, MN), father of the famed aviator, just prior to the passage of the Glass Owen Act that established the Federal Reserve System.

(The bill was literally snuck through the congress on Dec. 22, 1913. Many senators had already left for the holidays after being reassured by the leadership that nothing would be done on the bill until after they returned from their Christmas recess the following January. All evidently believed that the congressional session had been legally retired for their customary holiday break, but this certainly could be construed as a ruse. And so it transpired that on December 22, 1913, under the shepherding of President Wilson and certain congressmen of both sides of the political spectrum, and with at least 27 Senators absent on holiday recess, the Federal Reserve Act passed. The bill provided for a privately owned central bank, disguised as the Federal Reserve System, to not only issue this nation’s currency but to charge interest against that currency. Today we owe our currant national debt to the bank corporations that privately own the Federal Reserve Bank, with the exception, that is, of the debt paper the Fed regularly sells to other nations like China. The Fed accepts dollar reserves from foreign customers and sells them US government bonds in return. This is how the Federal Government borrows from foreign lenders. Some even suggest this is why we are loosing control of our country.)

So you see, Wilson's “what have I done?” rings hollow. He was just another pawn in their game, which has not deviated from its intentions; world government, world money, THEIR hegemony, vast depopulation programs to make you feel guilty for even living, let alone bringing any new lives into this world. Just because they want that does not mean you should want it. They have already devalued you. Isn't it about time you returned the favour?

“To cause high prices all the Federal Reserve Board will do will be to lower the rediscount rate producing an expansion of credit and rising stock market, then when business men are adjusted to these conditions, it can check prosperity in mid career by raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variation and in either case, it will possess inside information as to financial conditions and advanced knowledge of the coming change, either up or down. This is the strangest and most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other peoples’ money. They know in advance when to create panics to their advantage, and they also know when to stop panic. Inflation and deflation work equally well for them when they control finance.” – Rep. Charles Lindbergh Sr. (R. MN), 1914

What have we said about speculators? Speculators are gamblers who wage money on the future prices of things and make their cut from any rises or falls in prices. They never make any money when prices are unchanging for any period of time. Is this what you want your money to be, the plaything of gamblers? That's what you've got and you imagine that it's yours. You've played right along with their game. Nice going there, free range slave!

“Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people.”- Rep. Lewis McFadden, (D PA) Chairman of the House Banking and Currency Committee, 1914

(McFadden rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. He fought continuously for fiscal integrity and a return to constitutional government.)

We have posted documentation on this blog concerning McFadden. We never did get around to telling everyone why we posted these things, so now we will.

We noted that McFadden described instances of how foreigners were coming into “our” banks and borrowing “our” money, I'm using quotes because none of that is true; they aren't ours. McFadden said they would loan this money to foreigners who very often didn't even intend for their products to enter the American market. Why would they borrow “our” money instead of someone else's money? Because the form of the money itself, with George Washington, etc. and lots of symbols of the Federal government of the United States, etc. were mere brands of THEIR money. Are you getting it yet? Silver and gold are also brands of THEIR money. These bankers literally profit form the brand name they're selling and nothing else! No one wants to borrow Zimbabwe dollars (or whatever they have there) because the people there, that brand of money, isn't very good. The bandits that run that country spend spend spend without buying anything from their own people or anyone else, so their money is terribly inflated.

“They have created a super state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” – Rep. Lewis McFadden, (D PA) Chairman of the House Banking and Currency Committee, 1914

It gives these types great pleasure to enslave the world. What's your response? You can't fight them, you can't join them, you CAN walk away from them, refuse to ever deal with them again, that is your choice until they FORCE you to do so, in which case they have shown their cards, the jig is up, you are a slave and their “federated democratic republic” or whatever THEIR smokescreen for tyranny happens to be, slips from the public mind and well gosh darnit, what are they going to do?

“In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press….They found it was only necessary to purchase the control of 25 of the greatest papers.“

“An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.”- Oscar Callaway, U.S. Congressman, 1917

Get it? That was all the way back in 1917, the same year the Bolsheviks (with plenty of financial support from Wall St. and London) took down the Czarist Russian Empire. Literally nothing you read in any of THEIR bought and paid for news sources, can be taken at face value. Why are they revealing this now? What is their intention? Whose money is to be made or reputation besmirched to make the powers that be feel safe from the wrath to come when the vast majority of humanity finally does wake up?

“These international bankers and Rockefeller-Standard Oil interests control the majority of the newspapers and the columns in those papers to club into submission or drive out of office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.” – Theodore Roosevelt as reported in the New York Times, March 27th, 1922

That was Teddy Roosevelt, who like Donald J. Trump, certainly knew what the inside business looked like and most of the people involved.

“This warning of Theodore Roosevelt has as much timelessness today, for the real menace to our republic is this invisible government which spreads its tentacles like a giant octopus and sprawls its slimy length over city, state and nation. It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers and every agency created for the public protection [and if not for the general protection of the public, then protection for whom?] … To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. [and they still do and this is why they fear Trump and hated Dr. Paul] They practically control both parties, write political platforms, make cat’s-paws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business. [and no one else] These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country.” – John Hylan, Mayor of New York City, quoted in the New York Times, 1922

What is the likelihood of the average man or woman making anything of themselves under such circumstances? Is it any wonder that most of the young people already know that something is terribly wrong and are beginning to wonder if there's something else that could be done?

“Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law [is built in chicanery etc. really law?], the common people lose their homes [and farms and businesses] they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers. [Note here their persistent use of the word wealth as if it's mere stuff and things when as we've said wealth without income is not wealth. We would actually say that this deception even deceives the deceivers, who imagine they are getting bigger, when all they're doing is becoming big hollow economic nothings] This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished.” – USA Banker’s Magazine, August 25, 1924

A few things here. It WAS the intention of the banking class to deprive the common people of their homes, farms and businesses, many of which were wholly owned and paid for before bankers and THEIR money entered and enticed them to sell with the promise of greater rewards for expansion, the same “blowing bubbles” trick that has always worked for bankers who come along later and scoop up the actual value of things “for pennies on their dollars.” What we have now with more and more people jammed into apartments in crowded urban centres, where everyone shops at the same store, etc. is exactly what they wanted. They have rents they can collect forever now. They have all the income streams flowing in one direction. Everything is “socialized” which means that all decisions are made by fewer and fewer hand picked “fronts” for them. There's nothing left but computer games, bad music and drugs ... where life for “the masses” is “nasty, brutish and short.” Understanding it yet?

“I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money…And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people.” ~ Reginald McKenna, former Chancellor of the Exchequer, January 24, 1924

All right Reggie, let's reiterate what we know now and see if more get it:

NONE of the money you use or have ever used (including precious metals coins, etc.) is YOUR money. ALL of it is THEIR money and THEY use that power to make a free range slave of everyone on the planet. Want to get out from it and still live in society? You'll have to start using YOUR money that YOU issue (through a community of other people who are taking their money power back). It's the only way forward. Their way leads to death and destruction, about the only things they're really good at.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford, circa 1925

Why revolt? Just walk away from them, do not work for them, do not help them, let their system ROT for lack of action. We start our own system and if they come and shut us down? There might be war then. Are you afraid or are you a slave? OK, so you're a slave. Enjoy your slavery.

“I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.” —Andrew W. Mellon, December 1929, U.S. Secretary of the Treasury

Confidence in a system built on fraud and thievery? They're still pushing it and people do get taken in by them and so the devouring of the “whore of Babylon” shall continue, because the beast (the banking oligarchy that's been fully empowered since 1815) hates the whore.

“Sell all of your stock now. Don’t ask any questions.” – Joseph P. Kennedy to his friend, father of Ed Kerrigan, 1929,

(right before the crash. During the Great Depression, Joseph P. Kennedy’s worth grew from four million dollars in 1929 to over 100 million dollars in 1935. Apparently he had insider information and knew what the Federal Reserve intended to do.)

As I said in an earlier paper concerning capitalism and capitalists, the road to fast money is through winning it in games of chance, which as we see here, can be and are manipulated to help the interests near and dear to bankers.

“The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements….The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States….The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.”- Rep. Louis McFadden – Chairman of the House Committee on Banking and Currency quoted in the New York Times (June 1930)

So, the deindustrialization of the first world nations was deliberate and was planned as long ago as the 1930's. It's all due to THEIR money folks and having that same money issued by a government interest free is not going to work, because the government must tax back everything it spends or inflation is the result. Why can't Still and others ever get this through their heads? Ah, perhaps they are too civilized to recognize the wolves amongst us. That's possible. Nonetheless, we have the world we do now because THEY are in control because we use THEIR money and until that changes, expect it to get worse, in fact many are saying right now (a few years too late) that Fukushima now gives us a Mass Extinction Event (MEE) that can be traced indirectly and directly back to the use of THEIR money.

“The Federal Reserve definitely caused the Great Depression by contracting Americas’ money supply by one third between 1929 and 1933.” – Milton Friedman, Nobel Prize winning economist, Stanford University

Yes, I know and was a big supporter of Freidman's ideas at one time. It does not seem to matter that actually no one knows the exact relationship of work, products, etc. to money, else the “commodity as money” jerks would have their way and we'd be using some other variant of THEIR money, rather than our own.

“After WWI, Germany fell into the hands of the German International Bankers. Those bankers bought her and they now own her, lock, stock and barrel. They purchased her industries, they have mortgages on her soil, they control her production; they control all her public utilities. The International German Bankers have subsidized the present government of Germany and they have also supplied every dollar of the money Adolf Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission. Through the Federal Reserve Board over thirty billions of dollars was pumped into Germany…You have all heard of the spending that has taken place in Germany…modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories….All this was done with our money. All this was given to Germany through the Federal Reserve Board. The Federal Reserve Board has pumped so many billions of dollars into Germany that they dare not name the total.” – Rep. Lewis T. McFadden (D PA), Chairman of the House Banking and Currency Committee, 1931, (spoken before Congress eight years before Hitler invaded Poland and duly entered into the Congressional Record.)

We'll pause to note here that to all those who would like to assume that Adolf Hitler was something other than a puppet of the puppet masters who somehow got off his puppet strings (that's the inside story anyway), you had better take a closer look at Hitler's financial associates. There were indeed some pretty terrible deals made, details which have been obviously slow to come out, as that would seriously damage the “accepted narrative” of history that we were all brainwashed into accepting without critical judgement.

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.” – Congressman Louis T. McFadden in 1932

This was in 1932 and so after the vultures pick clean what's left of America they'll sell it off to foreigners who will invade the country for the bankers. Understood? You had better!

“The real truth of the matter is, as you and I know, that a financial element in the larger centres has owned the Government ever since the days of Andrew Jackson.” – Franklin D. Roosevelt, in a letter written to Colonel House, l933 (Source: Letter to Col. Edward Mandell House (21 November 1933); as quoted in F.D.R.: His Personal Letters, 1928-1945, edited by Elliott Roosevelt (New York: Duell, Sloan and Pearce, 1950), pg. 373.)

Of course Roosevelt was as much an insider as anyone and he knew what was going on, because he went to all the insider schools, etc. You know what? These schools should all be known by name to us, because they are training grounds of the elite. We should be careful who we associate with. Anyone who has attended any of these schools should have a mark against them. It is our natural right as they have been trained to predate upon the rest of us, though they who tyrannize over us can and will FORCE us to do as THEY please; to take them as employees, etc. Note well that we still have the natural right of association (1^st amendment of the US Constitution), except that we aren't living under the US Constitution right now, because the country has technically been in “a state of emergency” since the Civil War. You see, it does really matter what you know. Then you see, any talk at all about “Constitutional issues” is automatically recognized by any insider as “dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance.” Understood? I trust I don't have to list all the various other matters we consider real problems to us that are rendered as questions of no importance to them.

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.” – 100% Money, Irving Fisher, 1935, American economist

So, since this is all true, let's be explicit about the truth here:

This is NOT about supposed “real money” here, which is precious metals coins to gold bugs, most Libertarians and “Austrians,” whose ideas concerning money frankly suck! This is about running a fractional reserve banking model where you get to lend out many times the reserves of your accounts, which are treated as liabilities on the bank's books, but that's just a stated detail. The point is, when you borrow money from a bank there's no way of telling if that money came (or would come) from someone's account at the bank or out of thin air as long as the bank stays with its 10 to 1 or whatever ratio they are using.

Understand something here, any regulators in THEIR system are actually determining the degree of fraud, not the instance of fraud, since that anyone can lend what they do not have and charge interest on it from money that was never created, that must itself be wormed out of our friends and neighbours, is itself fraud and ultimately theft, when they can foreclose on people and then get what was not theirs and for less.

“Throughout the first half of the nineteenth century, the (Rothschild) brothers conducted important transactions on behalf of the governments of England, France, Prussia, Austria, Belgium, Spain, Naples, Portugal, Brazil, various German states and smaller countries. They were the personal bankers of many of the crowned heads of Europe. They made large investments, through agents, in markets as distant as the United States, India, Cuba and Australia. -- By remaining behind the scenes [the mystery], they (the Rothschilds [and others, believe me]) were able to avoid the brunt of public anger which was directed, instead, at the political figures which they largely controlled. This is a technique which has been practiced by financial manipulators ever since, and it is fully utilized by those who operate the Federal Reserve System today.” – G. Edward Griffin, (born November 1931), American political commentator, writer and documentary filmmaker.

This is the world we live in right now. Those insiders and especially the elites that direct them, are all criminals against society, since they intend to inflict suffering on others (and as we know, they really get pleasure out of others' sufferings) and they do it all deliberately for profit. Why do we use THEIR money? THEY have us convinced that THEIR money is ours. It clearly isn't. Besides which, and this is so in many other areas of our lives too, we have outsourced our thinking on this critical matter. All of our natural rights matter, but this one, the right to issue our own money, is key to all the rest and without it, nothing else really and truly can ever matter very much or ever be truly ours. E. C. Riegel agreed that without economic freedom, one was not free. None of the other freedoms matter at all without this one.

“We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It [the banking problem] is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects are remedied very soon.” – Robert H. Hemphill, circa 1939, Credit Manager, Federal Reserve Bank in Atlanta

This was written back in the 1930's! Well, we have news for you Mr. Hemphill; any who are like him. It's time to abandon ship, walk out on them, admit that your money and its system are an enslavement rather than an empowerment to the human race. Get out, you Mr. Hemphills, and take as many of good faith with you. Come over and help us get OUR money started instead.

“Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.” – Robert H. Hemphill

We're doing our best, Mr. Hemphill. My father, lately deceased, early in life advised me to study two things, people and money. I have and will continue to follow my father's wishes and hopefully some out there will eventually rise to take back the earth from the “savage babies” atop their rotten financial system or else the pending MEE shall wipe us all out first. I'm sure THEY would actually prefer it that way.

“Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again… If you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.”- Sir Josiah Stamp, Director, Bank of England, 1940

Fine, Mr. Stamp, but they do and what's more, should the people take it away from them as they have from time to time, the same rascals just went somewhere else and started up the same ponzi scheme again somewhere else. There's only one real solution: any money that is not issued by a human being in trade for a real service or commodity is fraudulent. Get that? Let's repeat it again so the fools and lunatics out there get this: any money that is not issued by a human being in trade for a real service or commodity is fraudulent. Now, let's continue ...

“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” – George Bernard Shaw, 1856-1950

Shaw's words here are interesting and point out to the dullards out there precisely why we chose gold as the instrument of our proposal's exchange between all other currencies and ours. Now, understand, THEY control gold. They hoard it, they also trade it in fractional reserve ponzi schemes. They want to get any more gold for as cheap as they can, by labour that is, so gold mining down through time has been looked upon as the ultimate depository for the regime's worst criminals, to be worked to death as slaves. When THEY force the price of gold down too far, it isn't even worth mining for it anymore. This is the natural stability Shaw is talking about here.

But gold and to some lesser extent silver, are commodities with other industrial uses, and again their markets are controlled by THEM not you or I so at any given time, whether any chunk of metal has “store of value” is ridiculously irrelevant, because someone other than you determined what that value in trade would be. Regardless of all that, and I'm pretty sure Shaw would have known all this as well, the “capitalist system” is by design a predator and it eats its own. Can I state that again for the dull witted: Capitalism destroys wealth as it centralizes it, Free Enterprise always creates wealth by expressing it as an income stream. They are mutually exclusive entities and concepts and should henceforth never be confused again! Understood?

“In the United States today, we have two governments. We have the duly constituted government and then we have and independent, uncontrolled and uncoordinated government in the Federal Reserve System operating the money powers which are reserved for Congress by the Constitution.” – Rep. Wright Patman, 1893-1976 (Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. )

Yes, all the nations of the world have given their power ... what do you suppose money represents anyway? ... over to the beast (Mystery Babylon), the banking oligarchy that took the world captive from 1815 onward (from the previous “beast” Napoleon, that ruled “for a short time.”)

“I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within.”- General Douglas MacArthur, 1880-1964

He knew what they wanted and who they were too.

“We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest.” — James Warburg, son of CFR [Council on Foreign Relations] founder Paul Warburg, testimony before the Senate Foreign Relations Committee on February 17, 1950:

“Today the path to total dictatorship in the U.S. can be laid by strictly legal means… We have a well-organized political-action group in this country, determined to destroy our Constitution and establish a one-party state… It operates secretly, silently, continuously to transform our Government… This ruthless power-seeking elite is a disease of our century… This group…is answerable neither to the President, the Congress, nor the courts. It is practically irremovable.” – Senator William Jenner, 1954 speech

We now know far more of their intentions and nothing they propose is good for anyone or anything. Plants like Fukushima would never have been built if it had not been for their financial empire. Now we face an ongoing Mass Extinction Event.

“The banks do create money. They have been doing it for a long time, but they didn’t quite realize it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must all be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create credit.”– H. W. White, 1955, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission.

Interesting things to notice here: E. C. Riegel said banks do not lend money, they lend credit. That's exactly what White is saying here. But that's being pedantic. What did we just say and repeat above? Any money that is not issued by a human being in trade for a real service or commodity is fraudulent. Therefore, the banks create fraudulent money because THEY issue it.

Now, if a bunch of people with money that they had acquired through a network of everyone else who got money from presenting it in trade, etc. got together and decided to loan their money by buying some real object, good or service (not a fictitious or virtual commodity) and reselling it for more money, they could do that. Do you see the difference here between this and say someone loaning money they didn't have and expecting more from uncreated money in return? Notice the former model always requires a real object and real money, whilst the present model allows fictions, fraud and stealing.

“The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent.” — J. Edgar Hoover, The Elks Magazine, 1956

He was certainly one to talk, now, wasn't he? Nevertheless, he was certainly correct here. If you ever really wondered why big corporate board meetings were secret, and some committees in Congress are held in secret, well now you know. So tell me, all you Constitution buffs, what's so great about a document that was itself drafted under conditions of armed secrecy? Is anything in there but the Bill of Rights really worth anything at all anymore? That's obviously far beyond the bonds of this discussion or really of this blog. I'll let you consider all that before your own fires among your own family and friends.

“The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization. Why? Because they “create” the money made out of nothing, and our Uncle Sap Government issues their “Federal Reserve Notes” and stamps our Government approval with NO obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks, etc.”- American Mercury, H.L. Birum, Sr., August 1957

So, even back in 1957, someone was able to say such things in an American newspaper. Compare with today's media.

“The invisible Money Power is working to control and enslave mankind. It financed Communism, Fascism, Marxism, Zionism, Socialism. All of these are directed to making the United States a member of a World Government.”- American Mercury Magazine, December 1957

More of the same and certainly true.

“Most Americans have no real understanding of the operations of the international moneylenders… the accounts of the Federal Reserve have never been audited. It operates outside the control of Congress and … manipulates the credit of the United States”- Sen. Barry Goldwater, circa 1964

He sounded a bit like McFadden now, didn't he?

“Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.” – Margaret Mead, 1964.

Well, if the FORCE be with you, honey.

“The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland; a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”- Tragedy and Hope: A History of The World in Our Time, Professor Carroll Quigley of Georgetown University, 1966 (highly esteemed by his former student, William Jefferson Blythe Clinton)

As I said, there are those who haven't read this book (ignorant at best) and those who have (informed at least).

“[The] abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit…. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold…. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves…. [This] is the shabby secret of the welfare statist’s tirades against gold. Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” – Alan Greenspan, in an article he wrote in 1966, before he became head of the Fed.

This is Greenspan back in his objectivism days (gosh just another ism), and he says some amazing things. The gold standard as Greenspan and everyone else would reference it, as we have said above, supposedly puts an upward limit on how many paper tokens a bank would get to issue. Again we are dealing with a system that doesn't derive its money from people, but from things (let that sink in please), so they wonder how many fraudulent pieces of paper they get to issue based on what their gold reserves are. Recall they always operate a fractional reserve lending system, so the fraud could be perpetuated no matter what was used as a reserve. Inflation is clearly the result of government spending above tax revenues as Riegel indicated. How does the gold standard affect inflation one way or another in any fundamental way? It doesn't, so Greenspan is either a liar or deceived himself, or a little of both. His words, there be no way for the owners of wealth to protect themselves is true whether they be statist red or statist blue, because statists want that state to be the ultimate authority; their god ... and again Greenspan makes the same mistake everyone does regarding wealth: it must produce income, it's not just stuff that you might be able to liquidate, but might not. Note, wealth is a sure thing, not a potential.

“David Rockefeller is the most conspicuous representative today of the ruling class, a multinational fraternity of men who shape the global economy and manage the flow of its capital. Rockefeller was born to it, and he has made the most of it. But what some critics see as a vast international conspiracy, he considers a circumstance of life and just another day’s work… In the world of David Rockefeller it’s hard to tell where business ends and politics begins” – Bill Moyers, White House Press Secretary, July 8, 1965 – January 1967.

There's no conspiracy here, folks, just move along ...

“How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!” . . . “The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.” – Ludwig von Mises, 1881-1973 Austrian economist, philosopher, and a major influence on the modern libertarian movement.

... and jerk, sorry. Note here, and this is typical, this sorry excuse attempts to blame governments for what bankers do. Projection. Look for it, it's everywhere.

“The depression was the calculated ‘shearing’ of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market….The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank.” – “My Exploited Father-in-Law,” Curtis Dall, 1970, son-in-law to FDR

Yeah, well all the apologies in the world wont cover for the fact that during the roaring 1920's, FDR was on Wall St. raking in his share of the take. Read Antony Sutton: it's all there in black and white; FDR was no hero.

“Banks lend by creating credit. They create the means of payment out of nothing.” – Ralph M. Hawtrey, 1879-1975, former Secretary of Treasury, England.

Again, this is about fractional reserve lending, not a call to return to a gold standard, which as anyone should see from this, changes nothing. Besides which, the common people have no gold and don't really want any.

“Every circulating FRN (Federal Reserve Note) represents a one dollar debt to the Federal Reserve System.” – Money Facts, circa 1970, House Banking and Currency Committee

We said that all fiat money was unsound not because it was fiat but because those who had the fiat had stolen it from you and me. The intention is still the same: any money that is not issued by a human being in trade for a real service or commodity is fraudulent. Since, no matter what, all money represents instances of debt, why on earth should all the world be indebted to a few bankers? What on earth ever made them special? Our ignorance, that's what, and nothing else.

“When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” – “Putting It Simply”, circa 1970, Federal Reserve Bank, Boston.

Yeah, so we know that, and that is fiat money creation and it doesn't work because THEY are doing it rather than US. This is explained in our proposal very thoroughly and in sufficient detail by now.

“The process by which banks create money is so simple that the mind is repelled.”

– “Money: Whence it came, where it went”, John K. Galbraith, 1975

Why should any other than the “simple mind” of someone like Galbraith (whose work is an apology for bureaucracy and socialism) be repelled? We should all of us be attracted by the idea that money is OUR right of fiat, that once and for all, WE determine what our own worth is, what our own wealth is and demand, order, create our own representation in money token form. We should have taken an interest in this subject a long time ago. It's really time to get busy for with Fukushima, the clock is ticking even more than ever it was during the nuclear stand off we called the “cold war.” Want THE cause to fight for, people? It's Fukushima. What if several billion people, even a few million, decided to take the Valun proposal seriously and offer to raise in Valuns the amount to clean up Fukushima? Times require some thinking outside THEIR box. (Good heavens!)

“Neither paper currency nor deposits have value as commodities, intrinsically; a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries.” – Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

So what? We do not want a commodity based money subject to speculators, where each piece of it is determined by how much of it is in existence. We want a currency that no matter how much of it exists, every piece of it always has the same value. We have achieved that in our proposal. There is no fundamental way to break the model we have proposed. If they try and make gold cheap, the Valun gets heavier and more expensive, if they ever get the price of gold back up above Valun inception, we set an even higher inception. They can't beat it.

“The Rockefellers and their allies have, for at least fifty years, been carefully following a plan to use their economic power to gain political control of first America, and then the rest of the world. Do I mean conspiracy? Yes, I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, November 1975, from the introduction to a book titled The Rockefeller File.

Well good. Meanwhile all the people of the world should/must 1) stop working for them, 2) stop using their money and 3) get with our proposal.

“The drive of the Rockefellers and their allies is to create a one-world government combining super capitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.”– Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets.

We've said this too, for anyone to pay attention, else you would slip on a dialectic on your way to breakfast. Don't be caught by their scam. They invented both capitalism (making money on money with no work, which is stealing) and socialism (which requires a government and is intended to buy off any public resistance to capitalism, with crumbs and a whip).

“I have never seen more Senators express discontent with their jobs….I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.”- Senator John Danforth, circa 1980.

Well, I guess you weren't paying much attention. It all frankly begins and ends with money, what is it, what it does, what it isn't and what it isn't supposed to be doing. Trouble is, we leave the stuff we don't want to hassle with to “experts” who are just schooled in the same propaganda and very often don't even know what they're getting themselves into.

“There exists a shadowy government with its own Air Force, its own Navy, its own fundraising mechanism, and the ability to pursue its own ideas of national interest, free from all checks and balances, and free from the law itself.” – Daniel K. Inouye, US Senator from Hawaii, testimony at the Iran Contra Hearings, 1986.

... and that shadowy group is still in power and is afraid of Donald J. Trump. Now, while I maintain my own political agnosticism and shall not be voting, the rest of you can take all that for what you want to make of it. I can't see a Trump presidency as anything more promising than a continuation of the same essentially downward trend.

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” – John Kenneth Galbraith, circa 1990, one of America’s most famous economists.

Famous for shit! So we studied money and eventually found E. C. Riegel and some others like him.

“American history in the twentieth century has recorded the amazing achievements of the Federal Reserve bankers. First, the outbreak of World War I, which was made possible by the funds available from the new central bank of the United States. Second, the Agricultural Depression of 1920 [which was used to force more family farmers to go under than any similar event before or since]. Third, the Black Friday Crash on Wall Street of October, 1929 and the ensuing Great Depression. Fourth, World War II. Fifth, the conversion of the assets of the United States and its citizens from real property to paper assets from 1945 to the present, transforming a victorious America and foremost world power in 1945 to the world’s largest debtor nation in 1990. Today, this nation lies in economic ruins, devastated and destitute, in much the same dire straits in which Germany and Japan found themselves in 1945. Will Americans act to rebuild our nation, as Germany and Japan have done when they faced the identical conditions which we now face–or will we continue to be enslaved by the Babylonian debt money system which was set up by the Federal Reserve Act in 1913 to complete our total destruction? This is the only question which we have to answer, and we do not have much time left to answer it.” – Secrets of the Federal Reserve, Eustace Mullins, 1991.

We certainly are running out of time with Fukushima going on, but let's pause to consider the words, the conversion of the assets of the United States and its citizens from real property to paper assets from 1945 to the present. Just what does he mean by this?

In 1945, the US was on a gold standard and we supposedly went off one in 1971, but that's not what Mullins is talking about. He's talking directly about capitalism. In 1945 there were homes, farms and businesses that were often “mom and pop” operations. They were usually all built by either the owners themselves with their own labour or the help of others of a similar class. Together, all this was the commonwealth (income producing for the people) of their communities. These businesses all produced income, which was taxed and therefore all this was wealth.

Then came capitalism and securitization, or as the British call it hypothecation, of larger and larger agglomerations of assets in the form of land or capital assets, that were sold off, capital assets maybe were sold to people overseas or scrapped, the land paved over, turned into mega shopping malls that forced old downtowns out of business and made them all look like ghost towns, etc. This was progress?

This is all sold to us as natural, not harmful and actually wealth building because as you see, some people now have lots and lots of stuff! ... and they didn't work that hard for the money to get all that stuff.

So guess what? A lot more people decided they would either 1) go to work for a financial company or 2) not work at all and live off the government. That was the message of THEIR money that THEY set in motion socially by issuing it. You and I had nothing to do with it, unless by complicity we worked for them; I'm speaking of those really bad organizations that will tag you for life. As I have said, I worked as consultant for one of them for a year and a half. I was never involved in any policy matters, strictly maintaining the computer systems they operated.

“The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.” – Eustace Mullins, author of Secrets of the Federal Reserve, 1991.

But that's the colour taken by any institution that tows their line; that follows by accepting it, THEIR money.

“In a small Swiss city sits an international organization so obscure and secretive….Control of the institution, the Bank for International Settlements, lies with some of the world’s most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen.”- Keith Bradsher, New York Times, August 5, 1995.

Those who read and understand our proposal can afford to question whether the BIS should be of any possible significance since under the proposal, the Valun becomes the international money and there is no longer any need for foreign exchange as only gold and silver would furnish that feature. But if anyone wants to “buy into” the Valun system, they would have to buy their Valuns with gold and silver at whatever the rates THEY determine; because they can't and wont keep the prices of their “commodity money” stable, while ours is perfectly stable, on any given day, you'd pay the going rate in silver or gold. Right now (4/6/16) it's $2.80 per Valun.

“Who controls the money, controls the world.” – Henry Kissinger, circa 1995, Council on Foreign Relations

This is more “king of the mountain” grandstanding as far as we're concerned and nothing more. There'll come a time when CFR members will be tagged too; no one will want to know them. We do not advocate violence, we advocate abandoning them.

“Lord Rothschild had access to all manner of leaders and experts. He was responsible only to the Prime Minister and answerable to neither the electorate nor the civil service chiefs.”- Derek Wilson, circa 1995, leading biographer and author.

That's perfectly as it would be: it's THEIR money.

“The dollar has clearly been abandoned and foreigners are starting to bail from dollar-denominated assets in droves. This is where bailouts, and the hyperinflationary destruction of the dollar that comes with them, are leading us, along with miniscule bond rates caused by continual flights to “security” as everyone flees in terror due to rapidly deteriorating market conditions caused by subprime fallout, over-leveraged speculation, fraudulent lending and borrowing, lack of oversight, transparency and confidence, frozen credit markets, an out-of-control money supply, profligate borrowing and spending, as well as an economy destroyed in less than two decades by globalization, free trade, off-shoring, outsourcing, unrestrained illegal immigration, insane wars for profit and the rampant inflation and unemployment that come from a completely, totally and malevolently mismanaged economy thanks to the reprobates and sociopaths that run the Fed and our government.” Bob Chapman, International Forecaster, 2008.

The late Bob Chapman was an associate of one of my mentors. I never met Bob personally and only spoke with him once. I didn't expect he would know much about any solutions to any of the problems he reported on. But I counted on him to inform me of things as they were unfolding during the period from 2010 until he died. Let's take a look at part of Bob's mantra: globalization, free trade, off-shoring and outsourcing. Who does this benefit? The capitalists. What are some of its features? Movement, roaming to and fro, here and there, running around without getting anywhere, change for change sake, open disregard and even hostility to traditions, standards, cultures, art, etc. One of the things they did in the Soviet Union and which they are trying everywhere, is to make regions specialize and then make all sections interdependent. Also notice that when one does this, the economic factors get to be bigger, though their profitability actually decreases after a certain size (diminishing returns to scale law), but that doesn't matter as much as that some bloated capitalist gets to sit atop one of these monopolies. So real representative government on any level increasingly becomes mere “fronts” for appointees of the various banks and corporations.

“From the earliest days, the Rothschilds appreciated the importance of proximity to politicians, the men who determined not only the extent of budget deficits but also the domestic and foreign policies…” – The Ascent of Money: A Financial History of the World, Niall Ferguson, 2008, Professor of History at Harvard University and William Ziegler Professor at Harvard Business School.

He's just stating the obvious. It's not a particularly brilliant observation by any means. By this time, they OWN the politicians, which is why they fear Trump. He doesn't need THEIR money. He already has enough of THEIR money. I suppose behind some closed doors they will hash it out and whatever. Why do we care? Because like it or not, right now, we all must deal with THEIR money, THEIR businesses and THEIR government.

“Wake up you idiots! Whatever made you think paper was so valuable?” – Galapagos, Kurt Vonnegut, 2009.

You were an idiot, Kurt, concerning money! He didn't know anything about money either. Paper representations of money are not supposed to be valuable in themselves. The “intrinsic value of money” bullshit is told to every sucker with a perfectly straight face by all the oiliest bankers down through time. If it has “intrinsic value,” just who is it that determines that value? Right there, you have a problem. OK, how about all the money that bankers loan at interest? How much of that is “backed” by reserves of anyone else's money in any form in their bank? There's no telling. What do they do, parcel out some fake for some real and place loans anyway? Something like that, yes. Would it matter whether those tokens were gold or digits? No, it doesn't matter, except that with gold (silver, etc.), speculators more easily get to play with it and make money on money without working for it. Of course now they have digital currencies, etc. and they get to play around with those too. It's still all THEIR money and until everyone wakes up to that fact, I guess they'll all be slaves.

David Burton

dpbmss@mail.com

Current Hypothetical Value of a Hypothetical Value Unit

#75 Durability Issues

“The dullest pencil is better than the sharpest memory.” Mark Twain

This morning we had an arctic clipper come through with a lot of wind and even some snow and for a time the power was out and the internet too. It got me to thinking about all the things we take for granted that are based on these technologies ... while in the 19^th century people used banknotes, coins and tallied transactions in big books. Everything had physical properties, including money. There was nothing virtual about any of it except the trust people assumed while using it (that is, THEIR system).  Somehow when it comes to an alternative currency/money, I'd prefer one that was less virtual than actual; give me that piece of paper. 

In any case, where there is a will to make, harvest and trade things, money will be made of anything commonly available. Across farthest distances, it was not precious metals themselves, but promises to pay precious metals upon delivery of a receipt that was still a piece of paper, that was used as money. That piece of paper had some identifying information on it and the ink used was likely of a type not to run or fade under exposure to moisture, light, heat, etc. People with common knowledge of the printing arts knew how best to employ them for the times they were used.

Now we live in a time where many human activities literally stop until the machinery can be fixed or some temporary technological problem solved. We have in the process outsourced a lot of our common rudimentary thinking to machines, be they hardware or software. While even digital backup to a thumb drive is possible, what happens when there's no power anymore and your battery is almost dead? You see what I mean?

So maybe the idea of having physical tokens representing money isn't such a worn out idea after all and perhaps keeping paper records that preserve transaction activity without divulging personal identity of the account holder is a good idea just in case electricity goes out for a while. There's a few simple ways this can be done; usually there's some unique index code associated with the account holder and all the records pertaining to that account. It doesn't make sense to include and repeat all personal information of the account holder on every record of transaction details. Then at the end of some convenient reporting period, perhaps chosen by the account holder, all the transaction records are collected and tallied into statements of account. These printed transaction reports could be generated at the close of every business day or week or month. There would be a hard copy backup as well as thumb drive backups, etc. Under all the principles of honest business management, fiduciary responsibility ranks among the highest. Keeping hard copy records of all the money one's customers have entrusted with your accounting activity is central to that responsibility.

Eventually there will be transactions that involve transfers of Valuns from one IE to another. How is that to be done in the most expeditions manner? Well, we have electricity and the internet, but what if those would fail? We'd always need a hard copy paper trail of everything, so that in case of a crash or a catastrophe, we would have the means of recovery.

I also discovered once again today, after sharing the article that preceded this one, that most people really don't read or maybe they don't understand what they read. When I make statements about wealth to the effect that nothing incapable of producing an income is wealth, I mean that acquiring this perception is a key component to understanding money. If you don't get this one, right out of the shoot, you've missed it. Wealth is not just stuff or property, it is not just cash money. Wealth by the definition we are imposing on the term in this blog and for which we believe our narrower definition is the more correct one, is not wealth unless it produces an income. When anyone advises you to “invest” in something deemed an acquisition of wealth, ask them the income it is capable of producing in dollar terms by the month. If they have no answer for you, turn away. There is no deeper understanding there.

I likewise received this from a man we'll call Bill: The ONLY useful function of MONEY is as a legal representation of WEALTH in order to facilitate TRADE on a wide enough scale to give us access to everything we need in order to meet our own needs and facilitate our own CREATION. Any other use of it completely negates it's ability to perform it's ONLY USEFUL FUNCTION. 

This seems reasonable, doesn't it? You should immediately see that Bill has not grasped this blog's narrower and more useful definition of wealth. We could as well reiterate here the usefulness of a third party in a split barter trade as the legal witness that the trade took place and of course dealing in money that is “cash” makes deals anonymous, which is another human right afforded cash, the right to engage in truly private trade. But in any case, the third party to any trade involves the money used. That's what the use of ANY money implies, including as we have stated, pieces of gold or silver.

IF we issue and manage it as a PUBLIC BENEFIT / UTILITY to ourselves and back the money with EXACTLY the USEFUL WEALTH it is needed to trade for so we can maintain a 1:1 ratio in circulation, ON PURPOSE and ALL THE TIME, in order to facilitate TRADE for the full volume of our own creation, then we have things WORKING. 

But Bill and everyone else, we do not know what that ratio of “useful wealth” to money would ever be and only market speculators would really care to know this. This kind of talk (about ratios to try and achieve by ARTIFICIAL MEANS an end to price inflation) is of the same idiots advocating deliberate scarcity of money to solve the inflation problem, the “commodity as money” crowd of speculators. Really people! Stop listening to this dearly treasured LIE of the money lenders. We don't care about anything regarding how much money may be generated or circulating or any of that. Since our money will NOT be rewarded for remaining idle, since that is stealing from the rest of the community, anyone keeping it on account or in physical tokens is assumed to be saving their money for some future use, knowing that cash gets the best price. We in fact get money to circulate as it must, by NOT rewarding its idleness. 

This also involves giving ourselves the ability to FREELY INJECT NEW PURCHASING POWER into the system, as a PUBLIC BENEFIT in order to facilitate TRADE for the EXPONENTIAL ECONOMIC GROWTH and TECHNOLOGICAL DEVELOPMENT which will be freely and naturally generated as a simple result of giving ourselves the ability to TRADE the FULL VOLUME of what we can actually DO, hence we've established a 100% tax free economy and eliminated poverty across the board in the process.

Well, we still live with a government and it uses THEIR money not ours, so we do not advocate a tax free or tax dodge approach to our current social and economic problems. (That's what THEY do. THEY set up “not for profit” companies and foundations to push their favourite causes, instead of paying their taxes!) No, we do not advocate dodging taxes fairly delivered. We agree to pay our taxes in THEIR money for the amount of extra trade our money creates ... until changes in the public law no longer require it; until the laws are repealed. You want tax reform? Repeal the laws. This proposal is about the exercise of our natural rights, not about provoking any tax dispute with a government concerning the use of THEIR money vs. ours, certainly not.

Yes, our money proposal really does inject new purchasing power into the general economy, but it specifically eliminates usury (the demand back of what was never created) and eliminates from consideration as members any business structures that allow outsiders to own what is not outright sold to them; “Hey, you want a piece of my business? I'll sell it to you and YOU run it” rather than “Sell me shares in your business that I can in turn sell to millions of other guys out there who will demand that you grow your business, take on lots of OUR debt, etc. I hope you understand the difference.

We are opposed to corporatism, another social ism, in its many forms as the current “public” corporations allow those who did not start and grow a business to become its owners, to literally buy it out from under the people who started it. A business raising money by selling shares of itself to outsiders, is a feature sited as a positive attribute of capitalism by the typical academic economist. We regard such species of business as sharks among prey and suggest that their predations combined with usury poison economies, destroy wealth (because they destroy jobs and income streams), concentrate power (flouting the diminishing returns to scale law), leading ultimately to failure, which is kept alive with continual colossal injections of fictitious money, until inevitably the whole damn thing explodes and everyone but the money issuers lose, humanity becoming their slaves; “they own you” as George Carlin said.

All that being said however, we certainly know that these days, in order to reap acceptable tax write-offs, most businesses, even sole proprietors are registered state corporations. Doing this does imply that the corporate owner has the right to sell or even give away shares in his business to others and these matters have legal and tax implications. But these businesses would be acceptable B members of any independent exchange (IE) because they are either wholly owned or tightly owned. We'd like that all owners of such businesses be A members of our IEs as well.

Also allows technology to develop to take the place of human drudgery while simply GIVING people the purchasing power to obtain it's benefits as opposed to it making itself useless by putting people out of work. 

Well, there are market makers, market dominators, etc. We have seen all sorts of new household products the result of associating various new technologies, but we do also hope that the added purchasing power in the right places, down near the bottom of society, would tend to help spur some really strong healthy regional and even national (USA wide) businesses. 

Either WE own the money and make it serve us, or the money will own US and we will serve it as we always have. 

That's about the size of it and we're in the latter category right now; THEIR money clearly owns us. That's why most of us have had a distinctly negative perception of money, because most of us do recognize that there's something about money that isn't ours and that if it really were ours things might be quite different.

Again and as always we live in a very SIMPLE world which is COMPLICATED by IDIOTS. 

Well Bill, we'd like to uncomplicate it as much as we can. The first things to throw away are any concern for how much money is issued vs. circulation and inflation. I know it's hard, but you have to do it. The fact is that not all money in circulation participates in every sale. The reason for inflation is not quantity of money per se, it relates to how many money circles have been left open because money that was used to buy something was not cancelled by the same person accepting back money for something else. Too much money in circulation either goes in two directions; back to the government or into the trash can.

Then the next is getting rid of the worthless concept of wealth as just things, stuff, property, cash, etc. None of that is wealth unless it produces a monthly income. Of course we've ruled out making money on money, which is capitalism.

Under our proposal, one can get into finance and lend one's money (or other member's money per arrangement) as long as one abides by certain rules. After that, it's pretty much whatever the Valun market will bear. Rates for borrowed money would all be based on common debt contracts for a year (a bill), out to seven years (a note) or out to forty nine years (a bond / mortgage). No compounding is allowed and all money paid must have been created elsewhere. There's no lending what one does not have. The total amount of money actually loaned as well as all schedules required to meet payments are included on what should normally be a one page document, a credit contract, a copy filed at your local IE.

Those engaging in Valun finance would do so at their own risk and all credit contracts would have to be approved by a committee of the local IE and each successful completed credit contract would raise one's credit score, same as in THEIR system, with some important considerations. Those who pay their bills regularly will be rewarded as is the case in THEIR system except that everyone will be able to get their score absolutely free and scores would be available freely to other members. Should you go into Valun finance and fail, your demise as a business does not bring down the entire transaction clearing function of the local IE or the money, because we aren't allowing anything but 100% reserve finance. Understood?

Yes, some would like to know how I came to use the world “understood” in the way I do. I got it from a very good friend of mine, a well known (now deceased) Soviet era Ukrainian dissident who spent years in a gulag where things were either understood or perhaps you'd not survive. Understood?

So, don't worry about the quantity of money having anything whatsoever to do with its value. We have already said that all Valuns regardless of how many there are out there are understood, there's that word again folks, to represent a piece of purchasing power at the money's inception back on 11/2/11. That transaction involved an ounce of gold and $2,160. Now take a thousandth of that and that's what the Valun would have been worth on 11/3/11; $2.16. But because they have manipulated the prices of both dollars and gold since 11/2/11, right now you'd need $2.78 (4/2/16) to trade for that Valun. That's all you ever need to know. Whether there are 6, 60,000 or 600 million Valuns out there doesn't matter, they all trade for $2.78 apiece, or whatever it is. No one gets any volume discounts either, because like it or not, this money isn't a commodity that anyone but a speculator cares to know the quantity of.

So lets get back down to durability issues. We're going to need to print some things; not just V-Checks and check books, but also pamphlets and advertising. We'll need to decide what the designs are after our first IVES meeting. Yes, it will take some of THEIR money to get up and running OUR money, probably some sort of nominal dues for A members, like maybe $5 a year. We expect that most of the cost to start up would come from businesses (B members) as a legitimate write off to advertising, since their businesses would be featured on the backs of all circulating V-Checks.

V-Checks should be designed to last longer than six months (on paper that is similar to parchment or banknote paper), although that's as long as they'd run in common circulation before either 1) depositing them into an account or 2) acquiring a replacement.

Yes, you take in a V-Check and ask that it be deposited although it has expired. The IE clerk runs the numbers on the check to determine if it's still good, usually a formality, but necessary nonetheless and deposits the check into your account. Or, you have some expired V-Checks you want to spend, but they're expired; your IE clerk gives you new ones with expiration dates six months further out in time.

We eventually intend that IEs should issue check books too and those would probably be slightly unlike THEIRS. Of course we could be aided by as many open source technologies as we could use, which would speed up and automate any processes dealing with lots of this paper. As always, printed reports kept in the usual filing cabinet ways are absolutely necessary and these cost money too.

Is it reasonable to expect a 1/10^th of 1% transaction fee as sufficient to support a local IE serving a community of perhaps as few as 40,000 people? E. C. Riegel didn't know. He suggested this as a starting point. We'll see. But in the meantime, we'd need to draw up a reasonable idea of what it would take in equipment and supplies to operate an IE denominated in a local currency. Whatever it takes, recall that every member of an independent exchange is an automatic part owner of that business! You want your own money? You'll need your friends and neighbours to want theirs too and then to organize and make it so. The best way to do it is to form a business entity where everyone with an A membership has a vote. The usual officers are chosen and elected probably to serve terms of no longer than one year.

Now then, we've already begun talking about computer record files. We're talking here about both digital and printed representations of these files. So each IE would have a Members file and a copy of that would also be located somewhere within IVES as a backup. Then each IE would have an Accounts file identifying the accounts, since it is possible for an A member to also own a business which is a B member and thus hold two accounts.

Then each IE has any number of dated Transaction files. These are snapshots of the account before and after a transaction. From these at any point in time or over a period of time, it is possible to determine the account's balances, etc. There would be provisions for editing or deleting transactions and restoring prior balances, etc.

If it is possible to effectively isolate through encryption or other methods data from internet hackers, perhaps some on line account balance and transaction history portal can be set up and we even suspect that phone apps for doing business in Valuns directly would be easy enough to set up, but one has to crawl before one gets to walk and walk before one gets to run.

We'll have more to say concerning how to properly cost account for a job or product in Valuns in a forthcoming paper.

David Burton

dpbmss@mail.com
Current Hypothetical Value of a Hypothetical Value Unit

#74 Why Free Enterprise is the Backing

I have often been asked, “what backs the Valun?” My answer has always been the same; on the obverse side of all Valun monetary “tokens of exchange” either as V-Checks or eventually as Exchange Notes, it will identify which people and where they are that “back” their money.

But “in what” do those people collectively identified “back” their money? Again there can only be one answer; the measurable actions of the people back their money. This “backing” as it relates to the proposal, is usually synonymous with “labour” or in the case of the indigent, their subsistence - yes, their subsistence, their right to issue it, “backs” the money they use to pay for their subsistence. In the proposed Valun based monetary system, those extra Valuns end up in the pockets of the most productive as extra cash and they thereby might even grow rich.

We have also established that we will always take silver and gold in trade for our Valuns (since by law we could not be holding dollars or any other central bank issued currency as that belongs to them) and we would allow their markets to determine what that exchange rate would be. Of course we're talking about where an A member visits their local IE or counter, always on some private property not open to the general public, and there dollars, euros, yen, whatever are exchanged for Valuns. The IE immediately uses the “public” currency proffered in trade and buys gold or silver bullion. No IE can legally hold currencies “on account.”

Just how many Valuns this exchange between their currencies and ours actually amounts to might eventually become a considerable amount of the Valun supply, however these proposed caches of precious metals would never in any sense be “backing” in the sense commonly understood as employed in traditional goldsmith/banker fractional reserve banking models.

We make an appeal to the independent business men and business women, everywhere to come together and decide to make this monetary system a reality, for it is all the members of each local IE that will truly back their own money. But before launching into that, we want to get a few terms clear as they would be understood under the proposed solution: 

We contend that there is a striking difference between free enterprise and capitalism. We intend forthwith to name the differences and make clear the ramifications. It may seem to some that the confusion between the two concepts has been deliberate in order to create the acceptance of one along with the other. Whether that's likely so or not, others than we have made it their business to research these matters in greater historical detail. As with this blog's unique limited concept of wealth, which is bound up with wealth's ability to produce an income, we make certain demands of our minds to accept that capitalism and free enterprise are ultimately not the same and in fact have diametrically opposed interests. To wit, a few definitions:

Wealth = that which is capable of providing an income, a living wage determinable in money, usually measured on a monthly basis. Hence, mere stuff and property by itself does not constitute wealth; a vacant strip mall does not constitute wealth. Hence any political strategy involving merely redistributing stuff accomplishes nothing except the usual destruction of whatever possible wealth might exist. By our limited and quite revealing definition, anytime natural income streams are destroyed by any means, competitive or not, wealth is destroyed.

Wealth may also be built up in many ways besides capital outlay. The facts that one may have remained in business a good long time, during whatever economic conditions, mere survival in business brought one success: this is a kind of built up wealth usually called “good will” that also can be lost causing great harm to the income stream. Therefore the confidence of the community that would patronize a business is part of that business's wealth and that part is called its “good will.” We hope to demonstrate that this “good will” is exactly what we want to showcase on our money, as advertisements for the participating real engines of society and economy, the key privately owned and operated farms and businesses scattered throughout local communities stretching around the world. These businesses, as they may exist, continue to thrive and may grow, right up to their diminishing returns to scale, a very evident and natural economic law that banks, governments and large corporations continually flout to their eventual demise, even as “too big to fails.”

Maybe reasons exist for certain political agitators, down through the centuries, to advocate the redistribution of stuff. But this solution always produces unwarranted confusion and social chaos. Our more limited and precise definition of wealth suffices to accuse the elite (essentially all capitalism) of deliberately destroying wealth as they have destroyed income streams by shifting jobs overseas, etc. Ample evidence exists elsewhere to substantiate this.

Capitalism = an idea ultimately bound up with usury in its many forms, resting on the idea that “idle” money is somehow deserving of, entitled to (this is literally the mother of all entitlements, folks), or allowed its due in terms of “earning” something over time, something that can be succinctly described as any activity where it is possible to make money on money without working for it. Capitalism advertises to “the masses” how to attain the means to a life without effort, where it is usual to be paying for it directly in any barter related to themselves; by encouraging them to engage in exchanges using money usually called “investments,” without any labour being involved, sometimes without very much of anything of intrinsic consequence changing hands. We'll have more to say about this later as we focus on the real intentions of capitalism, which are essentially parasitic

The ultimate way of “fast money” is of course to win it at betting on something and where there is money -cash-, by historical accounts stretching back into antiquity, there is going to be gaming, betting, gambling, speculating, guessing the future prices of things and placing money bets on them, all of it in its many forms. Economists usually condone, explain away, the activities of commodities speculators as instrumental to keeping prices stable. In the mainstream press, whatever explains away making money on money with no real work is always acceptable and even looked upon with some frank sense of awe, because most of society really does not know what they do that entitles them to so many more monetary tokens than even the most hard working rugged individualist entrepreneur, this money being of course instances of claims upon society for real resources, goods and services, etc. Let that sink in real well too. All of that financial stuff involving interest payments, buying and selling instances of debt, taking bets on future prices of things is essentially capitalism, an ism, an insidious disease of every modern economy, not its salvation. By comparison ...   

Free enterprise = an idea about the ultimate and ordinary acts of going into business each day by working at either occasional work or a regular job, however it is that one is performing a certain set of skills in an economy, undertaken as a consciously activated right. The idea includes your right to enter, exit, move sideways, change jobs, do whatever you can and want with your time and talents to provide yourself with an income denominated in money. Doing so by any means proves that your innate wealth was related to the time you spent working on something which brought you money as income that in turn could be exchanged for useful things and services; shelter, food, clothing, etc. - money serving the means to split a barter transaction.

We think at this point it should be obvious just where one is a capitalist and where one is exercising his/her right to free enterprise, which we also rank a human right deserving reasonable consideration right alongside each individual's fundamental right to issue money. 

We would also like to plead for all our potential members to stop trembling within themselves concerning this idea. Money is a human invention. It does not need to be imposed on society under either a monopoly of usurers with all usury's problems, or under a monopoly of precious metals run by most of the same people. It certainly is not the best idea to vest the issuance of money in any government. No, if you want a real solution, sometimes you have to “think outside the box.”

Now, it was suggested in this blog that three people agreeing could set up an independent exchange (IE). We remind our readers that we have successfully settled the matter of two and three party exchanges using money; if you use precious metals, the precious metals dealer was your third party. We also suggested it would take three people to agree to membership in an independent exchange; the new A member and two A member sponsors who are already members. For the moment think of the three people who agree as willing to trade using Valuns. Each time two of the three of them engage in an exchange, the third stands witness. What does this accomplish? It means that the Valun is accepted as a vehicle of exchange as witnessed by a third party.

Extend this three person network to one a hundred times the number. Now you have 300 members and any two of them at any time may engage in a trade using Valuns. In fact, those using V-Checks will not otherwise identify themselves, except that the member who takes them understands that the people that tendered them for a good or service got them from a member or were members themselves. The anonymity aspect of cash was where it was understood that people would like to be able to deal with others using an impersonal tangible instrument.

For our new monetary system there'd have to be an IVES (the proposed International Value or Valun Exchange Society) and this organization would determine the official exchange rate of the Valun and perform other services for all the independent exchanges. Others who have attempted to describe a Valun based organization, referred to a comparable group as a “board of governors.” That's using the same language as present banking institutions and in any case IVES role is as a servant of all, not a “governor” of any. IVES would be a B member of all IE's.

Each exchange is responsible for its own primary oversight. Money is a system that is far more than its visible tokens. It always takes people to operate a monetary system. Therefore a real honest monetary system must represent something essential about all people. Our proposed system does that. The present monetary system clearly does not.

I have heard “so, how do I cash out of my Valuns?” By “cashing out” you think it's because their money has official FORCE to back it up, so you would be cashing out into slavery as well as their bullying. Great, isn't it? You entered life with a real noose around your neck, that somehow you owed your living to some particular others. Who gave them the monopoly on something each of us has a natural right to? Just how it happened is of historical significance and just how some “facts of life” became so well concealed and in plain sight, stands as among the greatest swindles in all human history. But others do a far better job documenting and describing it than we have ever intended to do here. The Peace Revolution series, which starts here should contain more than enough information to convince you of the soundness of an alternative money solution.

So no, you don't cash out of the ultimate cash. Gold and silver reserves that build up whenever anyone wants to exchange some other currency for our money are used to pay taxes and any other legitimate fees they may impose on us. After all, they still have the FORCE to do as they please, right up until the time they don't.

Valuns that would be represented as actual paper cash is still as far away as people refuse to bring it about. It takes many steps to get there from here. First, you must get as many people as you possibly can to acknowledge their true rights as people regardless of where they are. Each of us has certain, as they say, “inalienable” rights, which means they cannot be assumed by anyone else, can't be bought by anything, can't be given away, they can only be taken away by tyrants and people with that “little god” concept inside, polluting their best judgement, making them believe they have the right to order other people around and determine what their lives should conform to as “sustainable” or some other silly word to cover for their bullying and tyranny. Guess what people? They do have that power: they do rule over you only because you gave that power to them. As we said before, all most people everywhere want is their ability to perceive and live under conditions of SANITY and the REASONABLE EXPECTATION of continuing peace. What is the normal response when someone has fooled you and has taken something from you that is essential to your life, participation in which is yours by natural right? What do you do?

The ramifications of capitalism are that there must be something of supposed value for capitalists to trade in, from which any changes in price offer them the opportunity to make money. These are the so called “securities” which are either debt instruments or equity shares of the various “public” corporations. “Public” here means these businesses are all registered at the state level, creatures of the state, supposed to have taxable assets, etc. This feature of capitalism allows those who did not start or even run a business to become its owners. This too is a fundamental difference between capitalism and free enterprise, where one certainly may decide to sell their business and do something else, but under capitalism, where persons who otherwise have no “hands on” experience can by their money alone, end up actually owning the company out from under its original owners. 

The goal of capitalism might best be described as economic monopoly, or at least the setting up of a few monopolies that have this or that primary resource nailed down and in their control. That means they intentionally try and drive their competitors out of business. That means that as their so called definition of wealth concentrates, more income is destroyed, until their regime becomes as grey as full blown communism, all entirely due to the same ignored diminishing returns to scale law.

As capitalism nears its inevitable Waterloo, eh, precipice, there is only free enterprise left or civilization itself really does begin to disappear. We're talking major death rates and devastation here, yes, of “Biblical” proportions, and oh yes, it could easily come to that. At that point, perhaps all is lost, at least for a very very very long time, which is as good as forever ... and anyway there's still Fukushima. 

But what if the people suddenly said, “No, we don't want that as our inevitable future. We're sick of listening to all you morons with no real solutions but peddling more fear, envy, and let's see, all the other deadly sins. We're sick of our DEATH as a solution to THEIR problems!” ???

We know all about that too and others do a better job explaining it, etc. Our job here is to outline a solution so that more and more ordinary people can “come out of her, my people” and have something and somewhere to come out into. To many, it will seem like coming out of the Matrix (the movies) and that may be too much for some people.

One of our biggest problems is that we have been talked into some ways of thinking that extol the rugged individualist above all possible reality. We see this as a deliberate strategy on the part of the elites. It's a filtering process whereby they attract all their natural enemies like fly paper. Oh, we still like the rugged individualist and if we have our way there will be more who are able to live that way. But we notice a trend and we never ignore the reality that nothing appears on TV without someone PAYING for it in THEIR money of course. 

For instance, there are many TV shows trying to get more people to think about what it takes to live in the wild. But this is all either an intentional smokescreen to get people to look away from the real issues; an income, a job, a future improving standard of living, or some idealism intending to further splinter people into factions that want to “live in the wild while civilization collapses” or those who will stay and help the advancing police state.

What's missing from all this is the certainty that most things simply cannot be accomplished without other people's help. We need each other for the basic necessities of life. Frankly, without the curse of the present monetary system, most people would probably starve to death, even though food in various stages of production might be adequate to the people's needs. Whole barter or the trading of something for something without money is something everyone assumes will happen naturally and is beneficial. But it clearly is not. Time is wasted as well as standards of living falling farther behind. We simply can't go back to whole barter and still retain a civilization. 

If you want and value a civilization, one that offers many people the ability to offer their skills and products into the market for those skills and products, then it is customary to communicate these ideas and hopefully they will take root. If someone finds out about something, they usually tell others. Advertising is telling more people about something, Now, when someone acts on the advertising and decides to deal with the business to acquire what's advertised, that too becomes an essential of free enterprise. Free enterprise certainly requires people who are willing to help each other through bartering products for services, services for services or products for products ... and that's where the idea of using something as money comes in, to split barter among people using it.

In dealing with what people need in a community, people network in each local neighbourhood that consists of people who are self employed entrepreneurs who create something to sell or have a service to offer. To participate in the future market in Valuns, advertising would be carried out through local publications of each IE, certainly not ruling out the internet, but there may be other methods devised by then.

There may be no sense in allowing the fun and games whereby money is made on money without working for it. We call that capitalism, and we consider it a social disease like any other ism, because it tends to make society believe that this is a better use of time, skills and resources than actually doing something productive. Even cleaning up a space or a house for “repurposing,” is more economically productive than what any capitalists do.

We have also pointed out that all instances involving borrowing money where the interest was never created are ultimately theft. Usury certainly causes an artificial scarcity in their money supply and makes it impossible ever to clear all the debt out there denominated in their money. Now recall that we said before that money is an instance of debt and represents uncleared barter transactions. What do we say of a monetary system that runs out of tokens before all debts are able to be paid off, especially national debts? Oh, they explained that away because they said not all debts would be paid off at once. Disingenuous at best. Well, what of all the other instances of unsettled barter transactions represented as money that have some nebulous provenance? I think we'd have good reasons for considering the institution itself as parasitic on the economy it supposedly serves.

So at the present moment, we already know that nothing really “backs” any of their money but FORCE. This is one unconscious message we get from that creepy eye on the pyramid on the back of each $1 bill. We also know that choosing some arbitrary precious metal as a new backing for a purposely scarce money, since that's what some morons think constitutes preservation of value when it clearly has always been just the other end of the banker's dialectic; either you get credit in the form of a government fiat BORROWED currency or you get their gold and silver solution where THEIR speculators determine the eventual price, hence “value,” of whatever gold or silver you happen to use in a trade. Your barter under precious metals might be:

You work for some of their money. You buy some gold or silver coins with their money. You bought your precious metals on a certain day at a certain price and certainly your dealer made something on the deal in their money, because no one buys gold and silver at their spot prices. You find someone to exchange your gold or silver coins for items that you bartered your time for. Your barter transaction is closed: you worked a number of hours for whatever you really needed or wanted that your precious metals acquired in the trade. Your precious metals tokens involved the third party of the dealer, and besides him or her, the people in those far away cities running their special markets for precious metals that set the spot prices for these metals in all the other currencies.

To repeat - for any transaction involving precious metals, this metals dealer becomes your third party and that is so for any transaction involving the metals you bought from him, that “real money” you eventually use as money to buy something else. 

At some point in the future you use your precious metals to buy something. Perhaps the person who sells you something will take your metal, perhaps not. If he decides to give you something in trade for your metal, then he probably knows, or guesses, that the price of metal will be going up, otherwise he might not take your metal. 

“Not take our metal?” the gold bug shrieks. Well, rest assured, once we get under way, any IE would take your metal at what they say it's worth on the day of the exchange and give you the equivalent in Valuns. Prices in Valuns may seem lower than you could have expected, but right now V1 = $2.78 (3/31/16) and so the proposed money would be “heavy” by comparison. 1 cend or cento in the Valun system is currently the same as three cents American.

The people behind any precious metals based monetary system, who are many of the same that operate the debt and credit paper finance operations in today's system, believe that since their tokens are made of something durable and rare, that somehow real value in actual trade for other goods or services is preserved. This can easily be proved flat out false to anyone who bought an ounce of gold when it was high (2011) and has ever attempted to get in dollars what they paid for it later. Clearly gold and silver may be worth “some thing,” but other people, not you, always determine what any precious metal will buy.

Precious metals backed money with a certificate circulation of 10 to 1 and greater has been tried before and failed before many times. Such schemes are based on the false idea of fractional reserve lending. If someone takes advantage of someone else simply through a time advantage, does that enable them to get away with what would otherwise be deemed fraud and theft besides? We certainly don't want any of that underhanded double dealing baloney to be perpetuated in a Valun based system. Therefore in the proposal, all finance operations are separate operations (separate businesses) that use the common exchange operations of the independent exchanges, where all the money is in accounts that belong to whoever owns them, not the IE, nor any of these financial businesses. If any of these financial operations fails, the rest of the exchange operations and the money itself is not affected.

The major point of this particular post is to alert and advise those who own independent businesses of any kind of their real position relative to the rest of society, much they likely already know. But first: Are there any of you left? In what professions, occupations, skills offered, do you operate? In what regions of the United States or anywhere else are you?

Wherever you are, you are the “John and Jane Galts;” without your experience, expertise and enterprise, your community would be diminished in some significant way. We are used to hearing lately (over the past 40 or so years, mostly as a message from the United Nations) about living our lives as if the environment itself were doing us a favour merely to live. Even those who still knock themselves out making sure whatever they do is the best humanly possible are surely aware of these cultural counter-currents, all the attempts out there to somehow make you feel guilty for merely existing. Surely there are some who deem themselves worthy to go wherever they want, do whatever they want, spend whatever they want, ask the world for whatever they can pay for etc. Meanwhile there are vast numbers of people waiting to have a life, all because they have no money or are so far in debt without a compensating income, that any movement forward in basic living standards is thwarted.

All that said, let's move closer to this post's message: It was usual in times past for money to be issued by a combinations of merchants. We take the idea of pieces of paper being exchanged for goods being the equivalent of universal coupons, redeemable for any goods for sale by any of these member merchants. We extend this notion to all businesses that would be B members of any IE; that their advertising would appear on the reverse sides of our V-Checks and later of our Exchange Notes. But the money itself would issue from each A member. We trust that it is the case that many if not all the employees of a B member business are A members of the same IE. We further understand that there would be simple one page Labour Contracts between A and B members in such a business and that a certain amount of their goods and services would be surrendered for Valuns.

As we all surely know, all money, whether it be notes, coins, checks, securities or letters of credit denominated in them, must have confidence to use it; if anyone accepts it, they expect there are places they can spend it or they wouldn't accept it and that even goes for pieces of metal made of silver and gold.

It is in everyones' very best interest that more commerce would be settled using the proposed Valuns. The more they are used, the stronger they become. It will be the responsibility of the presumptive International Value (Valun) Exchange Society or IVES to set the exchange rates for all Valuns, and that these rates are regularly reported to all those using them.

Now let's talk for a moment about internal costs:

E. C. Riegel's suggestion was that each time money changed accounts a transaction fee should be charged and that the member initiating the transaction would pay it. Riegel suggested a fee of one tenth of one percent. Let's examine this:

What does it cost to move V100 from my account to yours? One tenth of one percent, or one hundredth of a percent of 100 is .1 or ten cends. V1,000 may be moved for V1 paid to the IE and so on. We really want to make acquisition of V-Checks and eventually Exchange Notes as painless as possible and might consider eliminating the fees to move Valuns in and out of tangible instruments. Now, in an earlier paper we discussed how already existing public law allows us the easiest method to determine an A member's indigence anywhere throughout the United States. So let's take a look at two examples

Example 1: Somewhere in Texas. Your community lies in a state where V2.65 corresponds to a minimum wage and that equals a yearly income of V5,300 = the fees to move V5,300,000!

Example 2: Somewhere in Nebraska. Your community lies in a state where V3.29 corresponds to a minimum wage and that equals a yearly income of V6,580 = the fees to move V6,580,000!

Converting using 2.74 to 1 as it was back on 3/9/16 gives us:

Example 1: Texas - a minimum wage of $7.25 and yearly of $14,516 = the fees to move $14,516,000!

Example 2: Nebraska – a minimum wage of $9 and yearly of $18,000 = the fees to move $18,000,000.

What I'm suggesting here is that it takes real commerce, real work, real products and services, real life, to animate (give life to) a new monetary system. These would have to represent the minimum cash flows through any typical IE to begin to justify the effort.  We have seen many alt/comp money ideas floated on the internet. We just looked at two of them; Ven and CES and the latter was trying to con people into believing that transaction settlement outside of whole barter isn't money.

I'm well aware of the snowing that goes on concerning money in general (all of it THEIRS) and now with alternatives you usually get mostly the same thing, either because in some way or another the proponents have fallen for the typical academic economists frauds or they simply don't know any better. Perhaps it's occurred to you that if it's something complicated, where the intention is to keep you from understanding, then something probably shady and underhanded was afoot and that may be so. We'll let others try and explain why an alternative to the present money is a sound idea. Our intention here was always to present the best idea and eventually those out there that recognized it would do what's required to bring it into being.

I'll repeat it again so more can get it: the proposed Valun is the present value today of a thousandth part of a transaction on 11/02/11 for an ounce of gold bullion at $2,160, that being $2.16. Right now, because they determine what the prices of gold and silver are, in fair trade for a Valun, you'd pay the equivalent of $2.78 (3/31/16).

With all due respect, most people who actually would benefit most (well everyone would benefit) are far too busy working, etc. to bother reading anything posted on some obscure website. So, before long, we'll begin setting up local meetings in our area. After all, if you can get it to work somewhere, you'll probably get it to work everywhere. In any case, what backs a Valun? The people identified on them would back them. That too is a form of advertising.

David Burton
dpbmss@mail.com
  
Current Hypothetical Value of a Hypothetical Value Unit