2008 capitalism died: Money Scam, cornerstone of our slavery

[Cruise4]

I've read all about the Federal Reserve System... but can someone suggest articles or videos that relate to the way the British Central bank operates the same robbery?

[rodin]

Great ask. Let's get to it.

The Bank of England seem to have been better at hiding their tracks than the Fed. I will see what I can find out over the coming weeks.

As I understand it (and until I firm this up consider it as hearsay)

BOE controls interest rates and affects money supply - is responsible for the amount of T bill money in circulation. BOE in effect is the institution that racks up our NATIONAL DEBT.

Our gov (ie us) owes BOE and (other banks also) a ton of money called the 'National Debt' - money spent on wars, social programs, big salaries for the boys etc. This debt is payable by Her Majesties Subjects. Collateral for this debt is at first base public land - eg National Trust etc. Push come to shove and I bet we (& our childeren ad infinitium) are indentured to work the debt off.

Other banks create money too, by debt lending. This is where the money caomes from for house price inflation, which has been rampant. HPI is a measure of just how much debt money is being created. Private debt is like you own personal National Debt. In the US little guys can no longer escape by declaring bankruptcy. After they lose everything they become slaves to the state.

In the USSW we will all labour under unified leglislation, decided by the World Court. Some say this will be based in a building Rothschild had built in Jerusalem.

http://www.abidemiracles.com/555701.htm

[rodin]

I have posted this @ the GIM forum. Let's see what our resident experts have to say...

http://goldismoney.info/forums/showthread.php?p=644814#post644814

Ownership of the Federal Reserve is no longer an esoteric subject. It has become in a year or so a hot topic of internet debate and books on the subject by Mullins and Griffin have become widely known.

The same cannot be said about the Bank of England.

Who owns and controls the Bank of England?

The act of 1946

http://www.bankofengland.co.uk/about/legislation/1946act.pdf

[rodin]

This thread is a MUST READ - all nations will be in an analogous position as that outlined by Sen James Traficant

http://goldismoney.info/forums/showthread.php?t=148942

[elohim]

It would seem that the BOE was nationlised in 1946, the private shareholders being bought out by the goverment.

However, the goverment having no money to buy the shares bought these through issuance of goverment stocks.

From what I have read the BOE (unlike the fed) is now primary a institute that prints a set amount of paper money each each.

The real power now lies with the private banks, indeed, their profits dwarf those of the BOE. The BOE openly admits it's profits come from printing money.

The BOE does not lend money to the goverment, but rather the merchant banks do.

In short the BOE has been made a white elephant by the private bankers.

It's another illusion of the money scam, slightly different from the FED system, but nevertheless a scam all the same.

I URGE EVERYBODY TO READ THE TWO LINKS BELOW:

http://www.prosperityuk.com/prosperity/articles/boe1.html

http://www.fdrs.org/commercial_banks.html

They will explain it much better than me.....

EL

[rodin]

The second link refers to the first. The first refers to - what? An interpretation of how the BoE is structured. Does this interpertation square with the banking act of 1946?

Any legal eagles out there willing to help?

I suspect that we owe the national debt to the usual suspects - the banking dynasties, not privatised banks. I also supect that our present Royalty are blood brothers of the bankers - all the same sect/dynasty - having ousted our indigenous monarchy.

[Craig W]

Interesting thread.

Coincidentally, I had the following exchange with a helpful member of staff at the BoE a couple of weeks ago. All the bolding and underlining is mine. I have added some comments in bracketed red text:

[kbo234]

I think you've just asked it yourself: "Where does the government's money come from?"

These labyrynthine mechanisms (.....at least they seem complicated to me because even after your correspondent has laid out the facts I still can't quite work out what is really going on)
.....maybe this is the whole point of the exercise.

Can anyone put the above in more comprehensible and transparent language?......this bit in particular:

[Steven Collins]

There's no such thing as government money, or even public money for that matter. I have to laugh whenever I hear someone say 'the bank has my money' or suchlike. Its not your/our money, never has been, never will be. We just 'borrow' all our lives. When you die it all goes back to the bank anyway because its their money (& they can keep it because I don't want it, but I'm forced to need it. Is that freedom??) Its all just a BIG game & MASSIVE con.

Anyway there is no national debt because there isn't any money. Money is just an IOU. So when you slave at your work you get paid in IOU's. It says 'promise to pay the bearer on demand' on the note, but that promise is NEVER honoured is it!? Its not 'money that makes the world go round' its broken promises. So we better start demanding to be actually/properly paid. All that work that's been done & everybody has been 'paid' with IOU's & everybody's accepted it with a BIG stupid grin & gone back day after week after year for more of the same con. WAKE UP!!

So wake up people & stop playing this stupid game. Everybody is missing the point of LIFE. Did you come to Earth to worship money & line somebody else's pockets?? Or do you think that just maybe you came for a REAL PURPOSE?? 'What profit a man to gain the world but lose his soul?'

The money scam is a sick joke that isn't funny masterminded by sick anti-humans who're not funny. The faster we devalue 'money' the better. Then we can all stick up two fingers to those sicko's who've 'profited' from the slaughter of innocents through the ages. Then that will make all their efforts absolutely worthless, just like their miserable 'lives'. The sooner we treat money & their sick game with the contempt it deserves the sooner they won't have any power or control over the 'goyem'.

Peace

Steve

[rodin]

The federal reserve system is much easier to decipher. The gov sells US stock (T-Bills - our 'Gilts') called Bonds. Bond holders are like the shareholders who are first in line. But what are these Bonds - or 'supershares' actually backed by?

All money used to be backed by gold. By stealth, much of that gold has been swindled into the hands of connected rich families. They bribed leaders into letting them control the money supply.

Before the pound was a receipt for one pound of sterling silver. Money is now backed by nothing. Money is, if you like, shares of UK PLC. If UK PLC goe bankrupt money is worthless. Bonds/Gilts are supershares (the ones that get redeemed first). Now the only collateral for UK Gilts is the UK itself. That means our land, resources, and people. Once the big bond/giltholders come knocking (after this unsustainable debt bubble bursts) they will demand possession of their collateral - ie assumemownersdhip of part or all of the UK.

It is privatisation of countries. A return to Monarchy. Or more likely Oligarchy. Since a few people will 'own' YOU and everyone else, they need to control you. This they will do by force & technology. No longer will, what Matt Johnson of The The called 'the veneer of democracy' be required. Finally you will see 'them' red in tooth an claw as the people of Russia did in the 20th century.

[rodin]

Insiders talk

http://goldismoney.info/forums/showthread.php?t=114932

What they don't tell you is this catastrophe-in-waiting (if not unfolding) is no accident. It has been designed to 'legally' allow the elite to assume total control over a despairing population and their bankrupted countries. We have a choice - organise and regain our right to life on Earth by demonstrating simultaneously and en masse that we will not be railroaded into gulags because of the sins of our so-called leaders, or succumb bit by bit to total enslavement.

Socialism end game. There never was such a thing as a free lunch.

Talking of lunch, starvation will be the tool to bring us to our knees. 45 million were starved to death in Russia. Not nice. If we are to get thru this we must get control of the food supply. In Russia Stalin & Lenin ordered the destruction of food, and lackeys actually carried out this genocidal task.

Freemasonic privilege will ensure the lackeys obey orders this time too.

[Cruise4]

My Head Hurts but...

big bond/giltholders - who are they in regards to Britain?

What is the language used that allow these people to take my land as payment for an UNPAID National Debt?

[blackcat]

[Craig W]

[Cruise4]

"The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund."

Is this whats behind the drive to unify everyone. Otherwise they cannot collect?

I'm getting the impression 'Notes' and 'Electronic' forms of money are treated differently in terms of 'issue at face value' considerations. The term 'Cashless Society' obviously immediately comes to mind. Anyone care to elaborate?

It seems that Electronic Money IS treated differently. The Private Banks don't give anything to the BOE for this kind of 'money'. So a cashless society increases their profits and denudes the people further.

So if the people borrowed from the BOE, the interest would belong to the people... but as its done through privately owned banks instead.... they, the private bank owners earn the interest, on money we sold them at face value? This is nuts!

The Private Banks (PB) can only pay for coins and notes from money they have in their BOE account. But if we take a loan from a PB do they have to have the money in an account? Or are they actually creating money at this point? Or maybe they only have to show accounts at favourable times, from their point of view and that helps them? Or is some form of fractional banking at work here?

They ARE creating money out of nothing.

And how is Inflation working here. The BOE sets it based on what? The weather?
From BOE site:
The Bank has had a monopoly on the issue of banknotes in England and Wales since the early 20th century. But it is only since 1997 that the Bank has had statutory responsibility for setting the UK's official interest rate.

Interest rates decisions are taken by the Bank's Monetary Policy Committee. The MPC has to judge what interest rate is necessary to meet a target for overall inflation in the economy. The inflation target is set each year by the Chancellor of the Exchequer. The Bank implements its interest rate decisions through its financial market operations - it sets the interest rate at which the Bank lends to banks and other financial institutions. The Bank has close links with financial markets and institutions.


This is fast becoming an absolute scandal of Government robbing the people to give to the PB. If I'm getting this right, this arrangement isn't clever, its a blatant and obvious conspiracy to defraud the people and any MP should have understood the implications here.

I've read something about 'Contract law' in the US and 'Material loss' must be shown for the contract to be lawful. Is there anything like this in the UK? Could we all claim 'illegal contract'?

The original Gilts used for nationalisation have been paid off... right?

Why issue Gilts if you can print the money, as Gilts must have arisen from Government spending.... is that right?

And whats behind that time, Gordon Brown was it, who sold our Gold when the price was real low?

My brain doesn't seem to cope well with this 'financial doublespeak'. Not sure whether I'm blessed or Thick!

[rodin]

[blackcat]

[rodin]

[blackcat]

[rodin]

Adding value is creating wealth. I take a lump of wood and carve a walking stick. I have created wealth. I pick up some stones and make a wall. I have created wealth. All of nature works for a living. I am not saying don't feed famine victims - I am saying don't believe the hype about socialism. Don't accept a system that encourages the shiftless, or you wil create more people like that. Nature abhors a vacuum.

B-C - you have not got reality in focus. Sorry. Think about what I have said.

[blackcat]

[rodin]

Are you an agent provocateur, or simply missing a few logic circuits?

End of dialogue

[Craig W]

My understanding is that money represents stored work/effort.

Regarding nature, afaics there is no such thing as a free lunch. Birds may not pay for their food with money but they do pay with work/effort (ie energy and time expended).

[blackcat]

Maybe disagreeing with you means I am "missing some logic circuits". Perhaps it means you haven't given this much thought. If "work" was the solution to becoming wealthy there would be no poor or destitute since no-one in their right mind would choose such a condition if they could avoid it by doing some work. Is Calcutta a city where all the workshy of the world have congregated? You avoid addressing points like this and make ad hominem attacks instead. It can't be "end of dialogue" if there has been no dialogue, though I am happy to stop responding.

[rodin]

[rodin]

[rodin]

[brian]

Chutzpah -


BIS warns of Great Depression dangers from credit spree

By Ambrose Evans-Pritchard
Last Updated: 9:02am BST 25/06/2007



The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.....

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/25/cncr edit125.xml

[kbo234]

I wrote an email to James Robertson a onetime senior civil servant who recognises the huge systemic problems posed by our money systems and has been busy for some years proposing an alternative.
I asked him for some enlightenment to help people on this forum understand some of the basic mechanisms of money creation in the UK.

Here is his reply:

Dear Kevin,

I would like to help, if I can. As your website reference indicates, a forest of disparate complexities about various aspects of the malfunctioning of the money system make it even more difficult than it need be to get a handle on what the whole thing is basically about.

Personally, I think it helps to start by trying to understand the big picture in fairly simple terms. It is that today’s national money systems are due to piecemeal historical developments over many years, not designed to serve the interests and needs of democratic peoples or a democratic world, but of rulers, bankers, aristocrats, powerful businesses and rich individuals; and that the international money system reflects all the resulting faults at an even less developed stage.

Starting Point
My suggestion is that you and your colleagues might start by taking a look at my paper on The Future of Money: If We Want a Better Game of Economic Life, We'll Have to Change the Scoring System. It is the third item, freely downloadable, listed at
http://www.jamesrobertson.com/articles.htm#articles

I think it offers a not too complicated introduction. From its fourth page, starting with the section headed The Monetary and Financial Responsibilities of the National State, it explains fairly straightforwardly the effects of

(1) how the way the money supply is now created and put into circulation,
(2) how public revenue is now raised (what is taxed and what is not taxed) , and
(3) what things public revenue is now spent on and not spent on.

The point is that all create incentives for everyone to behave in ways contrary to economic efficiency, social justice, and environmental sustainability.


The Effects of Governments’ Dealings with Money
Those government operational dealings with money play such a big part in economic life today that in combination their impact is bound to affect the relative prices and costs of everything. That does not mean that a free market economy would be better – or indeed possible. It simply means that the scoring system (and the rules ) of the game of economic life must be more intelligently designed. Whatever they are, they will inevitably encourage people to act in some ways rather than in others; it is nonsense to think that there could be “a level playing field”, or that money values possess some kind of objective status beyond human manipulation, as data in the physical sciences are supposed to do.

The fact that governments’ monetary and financial functions are carried out today in a way that makes money values conflict perversely with human values means that changes are needed. The aim must be to create a structure of prices and costs that provides incentives to everyone to meet their own needs in ways that will simultaneously help others to meet theirs, and will also help to conserve – not destroy – environmental resources.

More Detailed Solutions that that Implies
On what to do about the money supply, there is more in the first two chapters of Monetary Reform : Making it Happen, downloadable from the first item on
http://www.jamesrobertson.com/books.htm.
They give a shorter and simpler account than Creating New Money does.

On the need to reconstruct taxation and the collection of public revenue, you will find a lot of other material on my website if you Search it on “taxes”, “taxation”, “green taxes”, “land value tax” and similar terms.

Similarly, there is a lot on the website on reconstructing public expenditure. The key will be to stop paying

perverse subsidies and much of the money now paid to big organisations of business and government to deliver services to dependent citizens,

and to use the money instead to pay

a basic (Citizens) income to all citizens.


An Underlying Political Philosophy

(1) People and organisations should not profit privately from the value of common resources. Those are many. The value of land is one; it is determined almost wholly by the demands and activities of society, including publlc planning policy and public expenditure on social and economic infrastructure such as hospitals, schools, railways and roads. Also the value of environmental resources, including the environment’s value as a sink for wastes/pollution (such as carbon emissions). Also the value enjoyed by whoever creates the public money supply.

Private landowners and business corporations (including commercial banks) should not profit – get “free lunches” - from the value of those common resources. Everyone should pay for the value they take from the common pot, and by so doing provide the main source of public revenue.

(2) People and organisations should not be taxed on the incomes, earnings and profits they get from useful work and business activities – which add value. Those should be treated as their rewards for contributing to the “common wealth”. Taxes on those should be replaced by making people pay as at (1) above.

(3) The value of common resources would then provide a main source of public revenue, to be used for public purposes. A considerable proportion should be distributed to all citizens as a significant Citizens’ Income that will make them less dependent on big government and big business to provide them with jobs and money and goods and services. The remainder should be spent on the public services that will still be needed.

Need for a Phased Programme of Monetary and Financial Reconstruction
See the 1994 Item at http://www.jamesrobertson.com/toes-nef.htm - detailed proposals for three years of preparation and then a ten-year programme for the introduction of a Citizen's Income (basic income), combined with a shift to taxing land values and energy instead of taxing incomes, profits and value added. (I now propose that changing the way new money is created should be added to the mix.)

International and Local Monetary and Financial Implications
National reconstruction on the above lines will provide a democratic model for the international money system, which is now underdeveloped and undemocratic.

By facilitating greater independence in the economic lives of people and localities, it will also enable people to develop local currencies and local banking and financial services of all kinds for which they experience the need, but which the present money system suppresses.

Finally, it occurs to me that you might find the first two items on

http://www.jamesrobertson.com/newsletter.htm

interesting and useful.

Hope all this helps a bit. I’m afraid it does require a fair bit of reading and figuring out how you see the different parts of the whole system fitting together, what their impacts are, and how they need to be reconstructed. By all means circulate it to other people in your forum if you think they may find it useful.

Best wishes

James


e-mail: james@jamesrobertson.com
www.jamesrobertson.com

[Craig W]

Great stuff, Kevin. Thanks for posting that very helpful contribution from James Robertson. I will try and get my head round the linked info soonish...

Just a quick thought, did you check that he is OK having his address and phone number included? If not, it may be best to remove it before the nutters on here start pestering him.