DECENTRALIZING THE PARASITIC BANKING SYSTEM
Reforming
the Global Financial System: Flushing the Parasites
Excerpts:
A debt-free monetary system can be mathematically regulated
to facilitate the flow of goods and services as a public service.
The mechanics have been understood for centuries.
All that is required is social consensus.
Decentralizing the banking system would dis-integrate
the global stranglehold of transnational racketeers
and provide protection from future systemic collapse.
What is most essential to liberating humankind from centuries of covert
suppression by parasitic racketeers is financial sovereignty.
Political freedom without economic freedom is meaningless.
The self-induced implosion of a corrupt financial system
provides our generation with a precious opportunity
to secure the blessings of liberty envisioned by our ancestors
and finish the American Revolution.
All that remains is public demand for this reform.
~~~~~~~~~
Article follows:
Reforming the
Global Financial System: Flushing the Parasites
From:
http://informationclearinghouse.info/article22199.htm
By Nikki Alexander
March 12, 2009 "Information Clearing House" --
Prologue
When Benjamin Franklin was called before the British Parliament in 1757 and
asked to account for the prosperity in the American colonies. He replied,
"That is simple. In the colonies we issue our own money. It is called Colonial
Scrip. We issue it in proper proportion to the demands of trade and industry to
make the products pass easily from the producers to the consumers. In this
manner, creating for ourselves our own paper money, we control its purchasing
power, and we have no interest to pay to no one." It was the struggle
for financial sovereignty that precipitated the American Revolution when the
(Rothschild) Bank of England forced the colonists to give up their own currency.
That war never ended.
Throughout his political life Thomas Jefferson fought off the covert attempts of
European bankers to control the nation's money supply through a privately-owned
central bank.
"I sincerely
believe that banking establishments are more dangerous than standing armies
and that the principle of spending money to be paid by posterity, under the name
of funding,
is but swindling on a large scale."
~Thomas Jefferson to Eldridge Gerry 1799
Andrew Jackson
succeeded in defeating these racketeers, nationalizing the banks and paying off
the public debt. Our country then flourished without inflation. When Abraham
Lincoln issued 'greenbacks' that deprived private bankers of their monopoly
control of the nation's money supply. he was assassinated. The international
bankers battled for more than a century to establish a private central bank in
the United States with the exclusive right to print their own fiat notes and
exchange them for government debt. They succeeded in 1913 with The Federal
Reserve Act, a covert coup that authorized a private central bank to create
money out of nothing, lend it to the government with interest and control the
national money supply, expanding or contracting it at will. Representative
Charles Lindbergh called the Act "the worst legislative crime of the ages."
Fifty years later, President John F. Kennedy almost restored our Constitutional
monetary system when he issued debt-free Treasury Notes. He too was
assassinated.
The Systemic Usury Parasite
In 1913 our sovereign authority to create interest-free money was
unconstitutionally transferred to a transnational private banking cartel that
has systemically infected our economy with a staggering national debt in the
tens of trillions of dollars. Eighty-five cents of every dollar is now consumed
as "interest" by the systemic usury parasite, draining its host of vital
resources and collapsing our economy in bankruptcy. Ours is not the only nation
to succumb to systemic parasitism.
The Systemic Usury Parasite has infected 170 countries, feeding itself through
the central bank syndicate, a shareholder-owned consortium of private banks.
Each central bank parasite has an exclusive monopoly on its host government's
monetary system, with the power to create public debt and expand or contract the
host's economy at will. Coordinating their monetary policies with each other
through the Bank for International Settlements, the central bankers meet behind
closed doors, appoint their own governors and set their own rules. Their books
are not subject to audit by the individual governments that host them. The Bank
for International Settlements originated as a Nazi money laundering operation[1]
and serves today as the cashiers window for the global casino.[2] The IMF and
World Bank tentacles of this parasite, infect unsuspecting governments with
insurmountable debt, forcing these nations through "structural adjustment"
policies to rob their taxpayers, slash beneficial social programs, transfer
public assets to private owners and sell the nation's treasures to transnational
predators at fire sale prices. Government treasuries are the parasite's host.
Why rob just one bank when you can rob the whole nation? And why rob just one
country when you can rob them all? Flushing the global economy of this systemic
parasite begins with understanding how its debilitating web of debt is
manufactured.
Although governments have inherent authority to create their own money, they
foolishly borrow it from central banks, with interest. A central bank
fabricates fiat notes (paper money) and credit by "lending" them into existence,
in return for treasury bonds of the host government ~ taxpayer IOUs. This
"money" has no pre-existing substance in reality and is conjured up through
accounting entries. It is literally created out of nothing. The central bank
first lends these accounting entries to its private owners and then to its
downline commercial banks with interest. The commercial banks are permitted to
lend nine times the amount of their borrowed accounting entries held "in
reserve". This nine-fold multiplication of borrowed accounting entries is
described as "fractional reserve banking." When borrowers accept these
accounting entry loans they create massive inflation of the money supply which
devalues the currency. These accounting entry loans must be "paid back" with
compound interest that multiplies exponentially. More money must then be
fabricated to pay this interest. Thus, all "money" that enters circulation is
actually debt contrived by fictitious accounting entries. Every fiat dollar is
an IOU from a borrower to a lender. A debt-based monetary system can never
achieve equilibrium because compound interest always overwhelms the escalating
money supply and eventually causes systemic collapse.
Organized Crime
Today the nation is essentially bankrupt and hoping Barack Obama's team of Wall
Street advisors will forestall economic collapse. This expectation is equivalent
to hoping that Al Capone will make our streets safe. The economic recovery team
is a Trojan horse filled with the same Wall Street racketeers that infected the
global economy with a quadrillion dollar derivatives bubble, using deliberately
deregulated mechanisms. They have successfully held the nation hostage with a
universal credit freeze and threats of systemic collapse if trillions of dollars
in ransom demands are not met. But why would our government agree to double its
public debt to save ruthless gamblers from bankruptcy? Why would our government
re-victimize taxpayers who did not participate in this global fraud and whose
investments, retirement savings, pension plans and real estate values have
already been eviscerated by these swindlers? The answer is that the Treasury
Secretary and Federal Reserve Chairman have historically represented a parasitic
transnational crime syndicate, not the host government and its taxpayers.
The US Government is an instrument of the organized crime syndicate described
alternatively as the Washington Consensus, the Octopus, the Shadow Government,
the New World Order and Wall Street. This syndicate of transnational racketeers
includes bankers, interlocking corporate directors, American, European and Asian
"royal" families, cocaine and opium drug traffickers, illegal weapons dealers
and kingpin controllers of blood diamonds, gold and oil. From the very beginning
of America's fledgling democracy these international predators surreptitiously
gained control of the railroads, banks, oil and vital infrastructure, using a
maze of corporations, offshore banks and holding companies that disguised
foreign ownership of national resources.[3] During the 19th and 20th centuries
this syndicate secured private ownership of vital infrastructure and natural
resources worldwide by engineering wars and assassinating democratic leaders.
They financed Trotsky, Lenin and Hitler, using syndicate members within the
Treasury and Federal Reserve to protect "their" international assets. Thomas
Lamont, a JP Morgan banker, who was the US Treasury's representative at the 1919
Treaty of Versailles negotiations, personally raised $100 million to finance
Benito Mussolini. William Boyce Thompson, director of the New York Federal
Reserve traveled to Russia to destabilize the Bolshevik Revolution, ensuring
that railroads, banks, oil and vital resources would remain in private hands.[4]
Across the globe democratically elected leaders were deposed or assassinated
that dared to return natural resources to their people. Two notorious Nazi
collaborators,[5] Allen Dulles (CIA director) and his brother John Foster Dulles
(Secretary of State), were Wall Street attorneys who worked for the syndicate to
brutally suppress every democratic uprising that threatened their control over
national assets that rightfully belong to sovereign nations.
“War is a
Racket” ~ General Smedley Butler
General Smedley Butler is best remembered today for his oft-quoted statement in
the socialist newspaper Common Sense in 1935: "I helped make Mexico and
especially Tampico safe for American oil interests in 1914. I helped make Haiti
and Cuba a decent place for the National City Bank boys to collect revenues in.
I helped in the raping of half a dozen Central American republics for the
benefit of Wall Street. The record of racketeering is long. I helped purify
Nicaragua for the international banking house of Brown Brothers in 1909-12. I
brought light to the Dominican Republic for American sugar interests in 1916. I
helped make Honduras 'right' for American fruit companies in 1903. In China in
1927 I helped see to it that Standard Oil went its way unmolested.... Looking
back on it, I felt I might have given Al Capone a few hints. The best he could
do was to operate his racket in three city districts. We Marines operated on
three continents."[6]
Wall Street racketeers who bribed members of Congress to deregulate Wall Street,
could not have held our nation hostage without collusion from the Treasury
Secretary and Federal Reserve Chairman. They are members of the crime syndicate
that loots governments through the central bank system and private equity firms
like JP Morgan, Citigroup, Bank of America, Goldman Sachs and Carlyle. Treasury
Secretary Henry Paulson, a Goldman Sachs CEO, is also a member of Robber Barons,
Inc ~ the IMF Board of Governors. Treasury Secretary Lawrence Summers organized
the looting of Russia, stripping one trillion dollars from Russia's struggling
economy and shifting state-owned assets to private owners. Larry Summers
succeeded Robert Rubin as Treasury Secretary in 1999, marking their success in
repealing Depression-era laws that banned the merger of banks, brokers,
insurance firms and investment banks. A former co-chairman of Goldman Sachs,
Rubin joined CEO Sanford Weill at Citigroup, the first financial institution to
fully embrace the Rubin-led repeal. At Rubin's urging, Citigroup thrived by
bundling loans as securities (mortgages, credit card loans, auto loans, student
loans) and selling them as collateralized debt obligations (CDOs). Concurrently
Larry Summers championed the deregulation of financial derivatives, ensuring the
globalization of losses from those securities. With $2 trillion in junk loans,
Citigroup fraud has metastasized to 100 countries making it too infectious to
quarantine ("too big to fail"). Rubin prot駩s
advised Obama that taxpayers should assume responsibility for $306 billion of
Citigroup's junk loans.[7] Rockefeller owns Citigroup and JP Morgan Chase, two
of the investment banks that own the Federal Reserve. Obama's Treasury
Secretary, Timothy Geithner, is a Board Director at the central bank
headquarters, the Bank for International Settlements, and is a prot駩
of Henry Kissinger, Robert Rubin and Lawrence Summers.
Financial Terrorism
Author Bernard Lietaer, a former central banker, writes in "The Future of
Money:"
"Your money's value is determined by a global casino of unprecedented
proportions: $2 trillion are traded per day in foreign exchange markets, 100
times more than the trading volume of all the stock markets of the world
combined. Only 2% of these foreign exchange transactions relate to the "real"
economy reflecting movements of real goods and services in the world, and 98%
are purely speculative. This global casino is triggering the foreign exchange
crises which shook Mexico in 1994-95, Asia in 1997 and Russia in 1998. These
emergencies are the dislocation symptoms of the old Industrial Age money
system."
These emergencies are also the hallmark of the transnational crime syndicate
controlling the global economy through financial terrorism. Collapsing healthy
economies with currency speculation, fabricating trillions of dollars in
fictitious debt and destroying productive businesses with short selling, these
vultures have swarmed across the globe devouring one nation after another. The
US is their current target.
Another Board Director at the predatory Bank for International Settlements,
Federal Reserve Chairman Alan Greenspan, used the standard
Rockefeller-Rothschild blueprint for engineering the US financial collapse:
deliberately expanding cheap credit to inflate the web of debt, entice rampant
speculation and then suddenly withholding credit to violently contract the
economy. A tactic used by Rothschild's Bank of England to rob and control its
colonies, this violent contraction catalyzes waves of foreclosures, bankruptcies
and layoffs that force sellers to accept pennies on the dollar for their assets.
Alternatively described as Milton Friedman's economic 'Shock Treatment' and
Henry Kissinger's blueprint for "making the economy scream," this financial
terrorism is a psychopathic formula to bring a nation to its knees.
Instead of allowing a handful of corrupt Wall Street investment banks to implode
from well-deserved bankruptcy, The Swindler Bailout engineered by the US
Treasury and Federal Reserve extorts trillions of taxpayer dollars to purchase
worthless junk loans from racketeers, reimburse speculators for their gambling
losses, finance mergers and acquisitions to devour healthy banks and concentrate
unearned wealth in expanded syndicate banking monopolies. Government loans could
have been directly issued to victims of predatory lenders to refinance the
mortgages that have devastated home values nationwide. Instead, taxpayer loans
to the generators of these toxic assets reward criminals and simultaneously
drain the US Treasury. Insurmountable debt, engineered by the Systemic Usury
Parasite and compounded by the Swindler Bailout, lays the groundwork for
"structurally adjusting" the American economy, permanently stripping citizens of
their remaining assets, health care protection and their confiscated wages held
in trust by the Social Security Administration. This premeditated Grand Theft is
the prelude for national insolvency and subsequent sale of the nation's assets
to transnational pirates.[8]
Disintegration is a Blessing
Reuters reported in February that renowned investor George Soros said the world
financial system has effectively disintegrated, adding that there is yet no
prospect of a near-term resolution to the crisis. We needn't wait to see how
thugs might resolve the crisis. It would be much wiser to take the path of least
resistance and prevent economic collapse by making the systemic correction that
is long overdue.
Imagine for a moment that worldwide governments had retained their exclusive
authority to create money and control credit and had strictly regulated the
transparent movement of capital within their own borders. Had they remained
autonomous, systemic global collapse would not have been possible. US investment
banks could not have infected foreign banks and collapsed Iceland's economy.
Small, autonomous units counteract systemic risk by isolating disease and
preventing it from metastasizing to the whole system, as nature wisely
demonstrates. This "disintegration" of the world financial system is an
opportunity to dis - integrate every transnational conglomerate that binds all
systems together in one monolithic web of systemic debt. Autonomous
interest-free monetary systems that support small community banks, small farms
and local producers of goods and services would protect self-sustaining
economies from the systemic risk caused by the contagious collapse of
intertwined conglomerates. Monopoly strangleholds on any commodity or economic
system are lethal by nature. The greater their scope, the greater the risk of
contagious catastrophic collapse - a fact we are now witnessing.
Dis - integrating the parasitic central bank syndicate that is strangling every
country with insurmountable debt must be accompanied by effective quarantine of
the global gambling casino: replace the Glass-Steagall firewall between
commercial banks (public savings) and reckless investment banks; strictly
regulate commodities futures and derivatives trades; ban over-the-counter
transactions that are not transparent; criminalize anti-social speculation that
artificially drives up the price of essential commodities and threatens public
welfare; prosecute naked short sellers that collapse healthy businesses; enforce
anti-trust laws that separate large investment sectors in finance, insurance,
and real estate; dis - integrate every multinational conglomerate that is too
criminal to care and too big to jail; end the fabrication of accounting entry
debt by reforming the monetary system to issue and regulate credit through a
transparent and strictly controlled public agency and localize every system that
is critical to social functioning.
Isolating and strictly regulating Wall Street and offshore casinos to prevent
gambling addicts from devastating the productive economy may eventually protect
the global financial system from organized crime but its victims will never be
reimbursed for their losses. Productive workers who lost their life savings and
retirement pensions slowly accumulated over a lifetime of contributing have been
thoroughly robbed by sociopaths who instantly amassed unearned wealth by
parasitic gambling that contributes nothing of value. They will retire, without
being prosecuted, in luxury.
The Mechanics of Money
Money is not a commodity. It is a token of value. Any two people can transfer
whatever they like as a medium of exchange. We agree as a group to use one
medium of exchange to simplify transactions. The purpose of inventing a medium
of exchange is to sustain the flow of goods and services circulating in an
economy. If we agreed to use gold or feathers as tokens, the medium of exchange
would be finite and too scarce to meet everyone's needs ~ and a finite physical
commodity can be monopolized by individuals who might hoard the tokens and
constrict the flow of goods and services that are needed by everyone in society.
Paper is plentiful. In theory, we agree to the fiction that paper money and
computer credits have value in order to produce and exchange the commodities we
need. But they have no intrinsic value.
The pieces of paper and computer entries that are fabricated by private
corporations, what we call money, can and should be created and regulated by a
legitimate public agency. It is irrational to transfer this vital social
function to private corporations that thrive on usury and destabilize economies
by expanding and contracting fabricated credit. Usury is not a fact of life, an
inherent condition one finds throughout the natural world. It is a man-made
concept that could create opportunities for cultures to expand productive
activities but which has been historically used by parasites that eventually
kill the host.
Money and credit can and should be used to keep the economy flowing,
facilitating the exchange of real goods and productive services that meet the
needs of society ~ without fabricating debilitating and fictitious debt. This,
in fact, was the intention of Article 1, Section 8 of the United States
Constitution that authorized only Congress to coin money and regulate its value.
The founders of our nation understood that a government does not need to borrow
its money from a private corporation. It has the power to create its own money.
We are that government and that power belongs to us.
Our government has the constitutional authority to create money and issue credit
without ever charging interest or creating debt. It can directly spend this
money into circulation and extinguish excess currency to prevent inflation. Or
it can charge a reasonable interest rate and use this revenue in lieu of taxes.
Publicly-owned community banks could charge a moderate interest rate that is
returned to depositors as dividends, or it could be used to generate revenue for
implementing worthwhile social projects. Monetary science comes equipped with
mathematical formulas to achieve permanent monetary equilibrium through a set of
principles that balance the money supply and maintain currency stability,
eliminating recessions, depressions, inflation and deflation forever. A
debt-free monetary system can be mathematically regulated to facilitate the flow
of goods and services as a public service. The mechanics have been understood
for centuries. All that is required is social consensus.
Decentralizing the banking system would dis-integrate the global
stranglehold of transnational racketeers and provide protection from future
systemic collapse. Geraldine Perry has suggested that if banks are to remain
privately owned they must be required to operate as independent businesses with
100% reserves and use their own capital for loans, not fictitious accounting
entries and not other people's money. The national money supply would be
issued by a public monetary authority. Banks would operate as any other
business should and they would be regulated by the local governmental entities
where they are located, thereby eliminating the need for a national regulatory
scheme.
Completely abolishing the privatization of the national money and credit supply
would liberate human energy to create a world of abundance in which every human
community could produce and exchange the goods and services it needs without
ever being enslaved by fictitious debt. Government control of the national money
supply would prevent inflation and escalating debt by issuing constitutional
interest-free money. Moderate interest rates could then be used to finance the
operations of city, state and federal government in lieu of taxes. Two brilliant
authors, attorney Ellen Brown and historian Stephen Zarlenga have articulated
sound mechanics for a publicly-owned monetary system. All that remains is
public demand for this reform.
What is most essential to liberating humankind from centuries of covert
suppression by parasitic racketeers is financial sovereignty. Political
freedom without economic freedom is meaningless. The self-induced implosion
of a corrupt financial system provides our generation with a precious
opportunity to secure the blessings of liberty envisioned by our ancestors and
finish the American Revolution.
###
Nikki Alexander is a freelance writer and fine art painter living in southern
California.
---
[1] Three excellent BIS articles:
http://www.argumentations.com/Argumentations/StoryDetail_7174.aspx;
http://www.bilderberg.org/bis.htm#visit;
[2] Geraldine Perry, "The
World According to Derivatives," (http://thetwofacesofmoney.com)
[3] Linda Minor, "Follow
the Yellow Brick Road: From Enron to Harvard"
[4] Antony Sutton, "Wall
Street and the Bolshevik Revolution"
[5] Antony Sutton, "Wall
Street and the Rise of Hitler"
Jerry Fresia, "Toward
an American Revolution: Exposing the Constitution and Other Illusions"
Charles Higham, "Trading
With the Enemy: An Expose of the Nazi-American Money Plot, 1933-1949"
[6] Smedley Butler, (http://home.iprimus.com.au/korob/fdtcards/Butler.htm)
[7] Michael Chossudovsky, "Who
are the Architects of Economic Collapse?"
Jeff Gates, "All Too Familiar," (http://www.criminalstate.com/blog/?tag+robert-rubin)
[8] Russ Winter, "The
US: The World's Biggest Blue Light Special"