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. The
process by which banks create money is so simple the mind is repelled.
John
Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing
in Money: Whence it came, where it went (1975).
JK
Galbraith’s statement that complexity is used by modern economics to
confuse the truth about money is a fact. Simply put, bankers replaced money
with credit and debt in order to profit by the indebting of others.
It’s why bankers are now so rich. It is also why others are now so poor.
Understanding
money is not rocket science. Modern currencies are a fraud, a fraud that has
escaped detection much as did Bernard Madoff’s ponzi-scheme. Bernard
Madoff’s scheme was based on the fraud that investor’s money was,
in fact, invested. The fraud of modern economics, however, is that money
isn’t actually money—and they don’t want you to know it.
merry old England
the mother of modern monetary FRAUD
From the time of
Charlemagne until the 12th century, the silver currency of England
was made from the highest purity silver available. Unfortunately there were
drawbacks to minting currency of fine silver, notably the level of wear it
suffered, and the ease with which coins could be "clipped", or
trimmed, by those dealing in the currency.
In the 12th
century a new standard for English coinage was established by Henry II
— the Sterling Silver standard of 92.5% silver and 7.5% copper. This
was a harder-wearing alloy, yet it was still a rather high grade of silver.
It went some way
towards discouraging the practice of "clipping", though this
practice was further discouraged and largely eliminated with the introduction
of the milled edge we see on coins today.
By 1696 the
currency had been seriously weakened by an increase in clipping during the
Nine Years' War to the extent that it was decided to recall and replace all
hammered silver coinage in circulation.
http://en.wikipedia.org/wiki/Coins_of_the_pound_sterling
CLIPPING CURRENCY BIG TIME
THE INTRODUCTION OF PAPER BANKNOTES
The real clipping
of money began in 1694 when the Bank of England was allowed to issue its
paper banknotes to circulate alongside silver coins. Over the next three
hundred years, the bankers’ debt-based notes would replace gold and
silver; and, as a consequence, the entire world would eventually become in
debt to the bankers.
The triumph of
private bankers in replacing money with banknotes was to be universal as all
nations would eventually succumb to the banker’s easy credit and
inevitable debt. Today, the central ingredient of money is not gold or silver
but confidence, confidence in banknotes no longer backed or convertible to
anything of value.
Modern economics
is a highly successful confidence game run by bankers. The following is from
the Bank of England’s own website emphasizing its considerable efforts
to maintain the necessary confidence in its on-going con game:
The Bank of England
has been issuing banknotes for over 300 years…Gaining and
maintaining public confidence in the currency is a key role of the Bank of England
and one which is essential to the proper functioning of the economy. [bold
mine]
www.bankofengland.co.uk/banknotes/
THE BANKERS CON
GAME
The long-running
and lucrative confidence game, however, is about to end. Its breakdown is now
underway as constantly compounding consumer, business and government debt can
no longer be carried and/or paid for by existing or future productivity,
especially as economies are contracting, not expanding, and collective debt
levels are skyrocketing to levels which can never be repaid.
We borrowed
against tomorrow and tomorrow is here
The collapse of
economies such as the US,
the UK,
and Japan etc, will eventually render the bankers’ IOUs and government
currencies worthless; and when this happens, the three hundred year
stranglehold of bankers over human endeavor will be over.
BANKERS
REPENT
You
who hold the scales
Of
justice in the land
You
who hold the power
That
determines if a man
Will
earn his daily bread
Or
fall victim to your schemes
Broken
and indebted
By the
triumph of your dreams
Repent,
repent, repent my friends
Repent
if you would please
Repent,
repent, repent my friends
From
your selfishness disease
Your
doors can’t hold forever
The
storm now at the gate
You’ve
chosen what will happen
You’ve
chosen your own fate
Already
we can hear
The
changes coming near
Already
we can smell
Your
anger and your fear
Just
when you thought you had it all
That
fate would be your friend
It
turned on you did it not
Perhaps
this is your end
What’s
happening to your power?
What
happened to your greed?
What’s
happening to your minions?
Who
served your every need
History
has turned on you
After
being so kind
The
public now is on to you
After
being so blind
Repent,
repent, repent my friends
Repent
if you would please
Repent,
repent, repent my friends
From
your selfishness disease
Gold makes a run
Two powerful
forces, paper money and gold, are now locked in mortal combat. The
combatants, however, are proxies for far more fundamental forces. Paper money
is a proxy for private banking and government power—and gold is a proxy
for freedom.
Moving Through
The Maelstrom Monthly Commentary November 2009
The complete
breakdown of the global economy was necessary for people to understand what
is happening. Economic elites had banished all inquiry into monetary issues
that did not conform to their special interests. Keynes and Friedman were
popularized not because they were right, but because their theories suited those
in power. Truth was ignored. Today, its revenge is here. Popular theories
supporting paper money will soon give way to economic realities exposing
their failings.
Against the
formidable opposition of central banks and Western governments, the price of
gold has more than quadrupled in ten years. The forward selling of unmined
gold by large gold mining companies in collusion with central bank gold
leasing did much to constrain gold’s advance but the power of its
intractable rise should be seen in the light of that opposition.
Currently, the
fall of the US dollar is currently pushing gold to new highs. Tomorrow it
will be the fall of the pound, the euro or the yen that will do so. The fraud
of paper money is being exposed and it is only a matter of time until the
global edifice of credit and debt it supports will collapse.
In The Great
Wave (Oxford University Press 1996), Professor David Hackett Fisher, an
economic historian, tells of the great waves that periodically destroy
existing epochs to make way for the new and better eras that follow.
Such waves,
Professor Fisher found, always culminate in total economic collapse. We are
nearing the end of what Fisher believes is perhaps history’s greatest
wave; and yet, the economy is still standing (though currently quite wobbly).
Since great waves last from 80 to 120 years and this wave began in 1896, it
means an economic collapse is imminent.
It does seem to
be a possibility, doesn’t it?
THANKSGIVING AND
THANKFULNESS
For those
invested in gold and silver, their recent rise is cause for thanksgiving. But
our thanksgiving for gold and silver’s rise must be tempered with what
the rise of gold and silver signifies. Gold and silver are barometers of
monetary turmoil and economic distress; and the higher they rise, the more
severe and closer the collapse will be.
For the few who
saw the collapse coming, it will be a vindication that the truth can and will
triumph, that monetary fraud no matter how ubiquitous or long-standing cannot
last forever, that gold and silver are money and that paper currencies are
not.
Professor Antal
Fekete said the day gold and silver explode upwards will be a sad day for
humanity. He is right. The explosive ascent of gold and silver will be caused
by the global collapse of paper assets and paper money. Suffering and loss
will be the experience of most.
Although that day
will be one of tragedy, it will also make way for the new and better world
that is to come. Give thanks for that. Life is a miracle and we are a part of
it. It is not done with us yet. That much is obvious.
Buy gold, buy
silver, have faith.
Darryl Robert
Schoon
www.survivethecrisis.com
www.drschoon.com
Also
by Darryl Robert Schoon
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