Sunday 18 April 2010

The creation of Money out of Nothing

First of all we must realize that the money we use today is not “Real” money. For money to be considered “Real” it must fulfil certain requirements, principally the following conditions:

1.    It must have intrinsic value in itself.
2.    It must be able to act as a store of value over time.
3.    It must be universally accepted.

Control of the Money Supply
A group of powerful industrialists, lawyers, politicians and financiers long ago, created through a series of interlocking corporate structures, trusts and agreements, a secret, self-perpetuating, tax-immune group whose, by now global influence has usurped the sovereignty of borrowing national governments (who serve their lenders). They also control the media, politicians and judiciary. They control the production, distribution and lending of money through the creation of a system of privately-owned and controlled central banks (Federal Reserve in America, Bank of England in the UK).

These groups business is conducted in secret meetings which determine the future of all national economies and the timing of expansion (through loans) or contraction (through refusal or withdrawal of loans). It exercises an exclusive monopoly of the issuance of money created out of thin air and issued solely as debt, does not create money to repay the interest, and lives off perpetual national debts that consume future income and under international law cannot be repudiated even by an internal political revolution.

This group can demand special privileges and even military force to collect "national" debts. It has the privilege of a guaranteed untaxed income enforced by liens on all public and personal property and collected by the coercive force of the tax structure of the various governments.

"Let me issue and control a nation's money and I care not who writes its laws" -- Attributed to Mayer Amschel Rothschild (founder of the largest financial dynasty ever to exist in its influence and power).

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick. This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

As we can see from the above, manufacturing money is dirt cheap, and whoever does the "creating" and issuing stands to make impressive profits. Big banks, that have traditionally been owned exclusively by a few collaborating families, can change the course of history and have done so for much of the last two centuries.

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