Thursday, September 25, 2008
Re: Reply toThe M3; wikapedia; and the truth about the lie
Debts For The People
In his essay, "Billions for the Bankers--Debts for the People: An indictment of the Federal Reserve System," the late Pastor Sheldon Emry examines the corruption at the core of the American monetary system.
This essay examines the corruption at the core of the Canadian monetary system. It suggests that Canadians lost control of their money supply in much the same way as the Americans. How can we get it back?
Money is "Created", Not Grown or Built
Economists use the term "create" when speaking of the process by which money comes into existence. New "Creation" means making something which did not exist before. Lumber workers make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not actually "create."
They only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money. Here, and here alone, man actually "creates" something out of nothing.
A piece of paper of little value is printed so that it is worth a piece of lumber.
With different figures it can buy the automobile or even the house. It's value has been "created" in the truest sense of the word.
"Creating" money is very profitable!
As is seen by the above, money is very cheap to make, and whoever does the "creating" of money in a nation can make a tremendous profit. Builders work hard to make a profit of 5 % above their cost to build a house.
Auto makers sell their cars for 1 percent to 2 percent above the cost of manufacture and it is considered good business. But money "manufactures" have no limit on their profits, since a few cents will print a $1 bill or a $10,000 bill. That profit is part of our story, but first let consider another unique characteristic of the thing -- money, the love of which is the "root of all evil".
Adequate money supply needed
An adequate supply of money is indispensable to civilized society. We could forego many other things, but without money, industry would grind to a halt, farms would become only self-sustaining units, surplus food would disappear, jobs requiring the work of more than one man or one family would remain undone, shipping and large movement of goods would cease, hungry people would plunder and kill to remain alive, and all government except family or tribe would cease to function.
An overstatement, you say? Not at all. Money is the blood of civilized society, the means of all commercial trade except simple barter. It is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results are catastrophic.
For an example, we need only look at Canada's depression of the early 1930's.---------------------------------------------------------------
nick,
this quoted article is exactly what i'm talking about, same as wikipedia, it implies money is created by printing, when in fact it is not, it is created as debt, NEW LOANS = NEW MONEY. Fraction reserve banking means $8 deposited in the federal reserve allows a bank to "create" $100 as loan/debt, but the $8stays there; do you get it? the bank isn't allowed to borrow your deposits, it has to create borrow/loan/debt misnomer. i don't even think the bank tellers get it.
thanks for the reply, glad to see your thinking about it.
you must see this 45minute video:
so please respond; how do you feel about the point i tried to make, IS IT RIGHT THAT BANKS CREATE MONEY AS DEBT, AND ALL THE LIES WE HEAR ABOUT HOW IT'S CREATED ON THE PRINTING PRESS`
Why draft monetary currency reform legislation with little chance of enactment under the present circumstances with a corrupt congress?
It is worth drafting & constructing radical changes with an ideal goal, so that incremental changes can be judged by whether they move the institutional currency structure toward or away from that ideal; if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored.
~
Subject: Reply toThe M3; wikapedia; and the truth about the lie
Wow! First of all Wikipedia is not a great source for
> any
> information. I could easily create an entry as could you.
> It is
> essentially an open source reference created by any person
> with access to
> the net. The ONLY time incorrect information is corrected
> is when someone
> complains. AND it tool a law suit to create a process in
> which corrections
> could made.
>
> Anyway, it all started with Bretton Woods.
>
>
> http://economics.about.com/od/foreigntrade/a/bretton_woods.htm
>
> But in 1971 Nixon (GOP) took the US, and essentially
> the world off the
> "gold standard" because he was mad at DeGaulle
> (France), who was buying all
> the gold they could get their hands on. Nixon used a
> legitamate excuse to
> remove controls and deregulate most of the financial
> regulatory systems in
> the US banking system.
>
> Then some moron named Jimmy Carter become president in
> 1976 and through
> some fault, but not all, of Carter and the Democrats the US
> experienced
> inflation rates of double digits, record unemployment, and
> an impending
> world wide stock market major decline.
>
> Getting back to the point Reagan came along and used a
> legitimate
> problem to deregulate the banking industry even more than
> Nixon had. His
> vice president was someone named Bush.
>
> This is what happened next
>
> http://rationalrevolution.net/war/bush_family_and_the_s.htm
>
> After Clinton tried to clean things up, and reduced the
> damn federal
> deficit to an actual surplus the country elected another
> Bush.
>
> http://zfacts.com/p/318.html
>
> The GOP used to always say all the Democrats do is tax
> and spend. At
> least the don't BORROW and spend!
>
> One more thing. The "creation of money" is
> usually a good thing.
>
> http://www.justiceplus.org/creating.htm
>
> The real problem is the rich run the GOP and they have
> been burning our
> asses for at least fifty years. Reagan used to talk about
> "trickle down"
> economics. If the rich get richer, it will trickle down to
> the middle class
> and the poor. The only time I ever heard about that
> happening is Buffet and
> Gates.
>
> http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/index.htm
>
The M3; wikapedia; and the truth about the lie
>
>
>
> CRITIQUE of info taken from wikapedia;
> Fractional-reserve banking is a banking practice in which
> banks are required
> to keep only a fraction of their [deposits] in reserve with
> the choice of
> [lending] out the remainder
> http://en.wikipedia.org/wiki/Fractional_reserve_banking#Money_creation
>
> LIES 1; USE OF WORD [deposits]INCLUDES LOANS, MISLEADING
> 2; BANKS DON'T LOAN[lending] DEPOSITS. AS THIS ARTICLE
> GOES ON TO- LIE 3;
> USE OF WORD [funded] SHOULD BE CREATED.
>
> Money creation
>
> The process of fractional-reserve banking has a cumulative
> effect of money
> creation by banks.[4] In short, there are two types of
> money in a
> fractional-reserve banking system:[5][6]
>
> 1. central bank money (physical currency such as coins
> and paper money)
> 2. commercial bank money (money created through loans) -
> sometimes
> referred to as checkbook money[7]
>
> When a loan is [funded] with central bank money, new
> commercial bank money
> is created. As a loan is paid back, the commercial bank
> money disappears
> from existence.
>
> LIE 4; BANK MONEY ISN'T DISSAPPEARING, INFACT THE MONEY
> SUPPLY {M3} IS
> GROWING @18% CURRENTLY, ACCORDING TO RON PAUL. THEN THEY
> COME OUT WITH THE
> TRUTH THAT LOAN MONEY ISN'T LENT, BUT CREATED, AND
> OBSCURE IT WITH A COMA;
> Although no new money was physically created in addition to
> the initial $100
> deposit, [[[new commercial bank money is created through
> loans.]]]
>
> PLEASE REPLY W/ IDEAS; ALL BANKS OUT OF BUSINESS,
> GOVERNMENT BANKS W/
> TEXTBOOK AUDITS INSTEAD, OPERATE W/O INTEREST.
>
> Why draft monetary currency reform legislation with little
> chance of
> enactment under the present circumstances with a corrupt
> congress?
>
> It is worth drafting & constructing radical changes
> with an ideal goal, so
> that incremental changes can be judged by whether they move
> the
> institutional currency structure toward or away from that
> ideal; if a crisis
> requiring or facilitating radical change does arise,
> alternatives will be
> available that have been carefully developed and fully
> explored.
> ~Jason
Tuesday, September 23, 2008
solutions
It is worth drafting & constructing radical changes with an ideal goal, so that incremental changes can be judged by whether they move the institutional currency structure toward or away from that ideal; if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored.
~Jason
Monday, September 22, 2008
SOLUTION TO JEWISH ORGANIZED CRIME
Develop a system of political and judicial authority, which which takes from criminal central bankers and media moguls, the power of the people and properly restores it to the people.
When you borrow money from the bank, you’re NOT borrowing other people’s deposits, in fact that would be illegal under the current fractional reserve banking laws. Banks can’t lend out your deposits, and you don’t borrow other people’s deposits when you borrow a loan. The banks in fact create loan money with your signature. Your vow to pay being the only thing that's worth anything, and as such is sold and traded as a "debt commodity"; example, America’s homes as debt commodities, called CDO or collateralized debt obligations.
"Loaning" by creating money is legal and called fractional reserve banking. All commercial Banks have been lending out 2-12 times the amount of central bank deposits they have, depending on the country and time in history. Since The New Basel Capital Accord, http://www.bis.org/publ/bcbsca03.pdf?noframes=1, reserve requirements have been further reduced to near nothing for complex financial transactions.
The BANK OF INTERNATIONAL SETTLEMENTS set regulations world wide at 8%, or "creating" 12 times their central bank deposits: thus creating new money because the deposits remain there, and the loan money is "created".
Money creation is our government’s greatest creative authority, and yet they have illegally delegated it to a small group of criminal private bankers, [see BANK OF INTERNATIONAL SETTLEMENTS and all central banks] who run the world’s money supply for profit.
Through cogent criminal prosecution of organized crime and reformed banking laws the meek can inherit the world. Prosecution of the 9/11 Zionist false flag criminals would be the start of improving our world. Our national media/political environment is undermining grass roots activism; people need to bring about change locally with petitions and referendums to change our nation.
Here is my solution, in thinking outside the box; let us RE-INCORPORATE our 3 branches of government. These 15 amendments should be enacted to form the foundation of our new political system in charge of the changed money and credit system of our National Government. The United States of America, INCORPORATED as USA BANK; 3 branches run by CEPS, or county elected public servants.
Citizen’s arrest will be our basis for usurpation of tyranny. County Of Residence Banks, CORB, will supplant the Federal Reserve System. An equal division of money creation of 3rds will be given between the commercial banks, CORB, and USA BANK for commercial banks 8% reserve in USA BANK; currently held and to be seized from THE FEDERAL RESERVE. CORB and USA BANK can use MONEY CREATION for PAYROLL and LOANING.
1. ABOLISH THE FEDERAL RESERVE BANKING SYSTEM BY USURPING THE OWNERSHIP, TO BE HELD PUBLICLY BY USA BANK WITH ANNUAL PUBLIC AUDITS.
i. All debt will be honored, and the national debt interest payments will be absorbed over a 10 year Treasury bill re-purchase campaign.
ii. Capital gains tax increased from 15% to 29%.
2. ALL CANDIDATES ARE PICKED AT THE COUNTY LEVEL; OUR POLITICAL LEADEERS ARE NOMINATED AND ARE ELECTED AT THE COUNTY LEVEL, NO NATIONAL ELECTIONS.
i. Our system of having the Media pick the choices for the people to approve is over. Two party politics is over; in favor of multi party elections at annual county fairs where votes are counted in front of everyone. No computer voting.
3. A SYTEM OF DEMOCRATIC PROMOTION FOR THOSE CEPS ELECTED AT COUNTY LEVEL WILL ADVANCE THEM TO ALL LEVELS OF FEDERAL GOVERNMENT.
a. Counties will elect at county fairs for positions in city, state, county government, as well as the new media cabinet, DEPARTMENT OF MEDIA.
b. After 4 year terms, these employees will be eligible to be democratically elected to single 4 year terms of employment in USA BANK and CORB.
i. Democratic promotions of county elected public servants, CEPS, will usurp all 3 branches of federal government. Executive branch cabinet positions will be replaced through this democratic replacement.
ii. All governmental bureaucratic leadership jobs are replaced by democratic promotions.
iii. Midterm Elections are promotion elections, held every 2 years.
4. RE-ELECTION IS ABOLISHED, ONCE ELECTED, YOU CAN NEVER RUN AGAIN. PROMOTIONS ARE LIMITED TO 1, SO 8 YEARS IS ALL A CITIZEN IS ALLOWED TO SERVE.
a. Eliminate career politicians; it’s a service, not a career.
b. Abolish life long wage retirement plan for congressman.
5. FEDERAL RESERVE SYSTEM STOCK WILL BE OWNED ENTIRELY BY USA BANK, AND USA BANK STOCK WILL BE OWNED ENTIRLY BY THE 3143 COUNTY/CITY GOVERNMENTS; INCORPORATED CORB, AND PROPORTIONED EQUALLY. USA BANK & CORB WILL ABOLISH THE NATIONAL DEBT THROUGH THE GRADUAL PURCHASE OF ALL TREASURY BILLS THROUGH MONEY CREATION.
6. CURRENT OWNERS OF THE FEDERAL RESERVE STOCK WILL BE PROSECUTED FOR TREASON. CORPORATE AND PRIVATE OWNERSHIP OF FEDERAL RESERVE STOCK WILL BE SEIZED.
7. MONEY CREATION BY COMERCIAL LOAN WILL CONTINUE UNDER OUR REFINED USAGE OF A DEBT BASED CURRENCY; ALL COMERCIAL BANKS WILL BE REQUIRED TO MAINTAIN AN 8% RESERVES DEPOSITE IN USA BANK.
8. TEXTBOOKS OF ANNUAL AUDITED PUBLIC RECORD OF USA BANK’S FRACTIONAL RESERVE BANKING AND MONEY CREATION IS TAUGHT AS A MANDATORY CLASS IN 7TH THROUGH 12TH GRADE.
a. Our children will learn and find solutions to fractional reserve banking policy. We can’t let those with money borrow to those with out, because those with will end up with everything; yet we can’t let banks and corporations be the dominate institutions of the ages.
i. Co-ops and employee owned corporations will be subsidized.
9. STATE GOVERNMENT HAS FAILED TO PROTECT PEOPLE FROM FEDERAL POWER, SO WE RE-INFORCE CONSTITUTIONAL REQUIREMENTS OF SUPREME STATE RIGHTS OVER FEDERAL IN ISSUES OF EDUCATION, HEALTH AND SOCIAL ISSUES; and all original constitutional requirements.
a. State Provinces to rule legislatively per state, but the counties will elect at their level for CEPS positions in state government, on an equal basis per county/city.
10. Equal division of money creation of 3rds will be given between the commercial banks, CORB, and USA BANK for commercial banks 8% reserve in USA BANK. COMERCIAL BANKS WILL MAINTAIN AN 8% RESERVE DEPOSIT IN USA BANK UNDER ANNUAL PUBLIC AUDIT, THE DEFAULT RESERVE OF OUR NEW NATIONAL/COUNTY BANKING SYSTEM.
a. Commercial Banks can create 4X’s there reserve deposit in loans.
b. CORB’s collectively can create 4X’s the reserve deposit, individually equal to 4X reserve divided by 3143.
c. USA BANK can create 4X’s the reserve deposit.
11. FEDERAL INCOME TAX ON ALL WAGES EARNED BY LABOR IS ABOLISHED.
a. Only state’s have right to tax wages.
12. CEPS will serve on the Supreme Court instead of appointed and approved judges; limited terms to 4 years. All current Supreme Court Justices must be arrested and prosecuted for treason for allowing the FEDERAL RESERVE to operate. Our essential dilemma as we strive to keep the system going, yet change its nature, is to change and not destroy our institutions.
a. Better to chase the criminals off the bridge than burn it; all government institutions will be salvaged.
b. Citibank, Bank of America, and Chase Manhattan Stock will be seized by USA BANK, with its Leadership employees coming from CEPS. These 3 corporations are the largest corporate shareholders of the Federal Reserve System.
c. USA BANK will withdraw its Federal Reserves stock from the World Bank, Bank of London, IMF, BIS and all other banks; sovereignty recovered.
d. The 6 largest Media corporations will similarly be seized in stock; leadership employment re-placement, our 1st job for our new congress.
e. USA BANK will have a new cabinet: DEPARTMENT OF MEDIA to organize and lead the 6 largest media conglomerates; and start decentralizing media.
13. COMERCIAL BANKS WILL ONLY BE ALLOWED TO OPERATE UNDER CORB AND USA BANK LICSENSE. IN THE REFINED FIAT FRACTIONAL RESERVE BANKING SYSTEM, LOAN IS MADE BY MONEY CREATION AND PAYROLL. CORB & USA BANK WILL ALLOW A 10YEAR TAX BREAK TO COMMERCIAL BANKS TO PRESERVE THE VIABILITY IN MAINTAINING OUR CONSUMER DEPOSITS, THEREAFTER THEY ARE REQUIRED TO PAY THE CORPORATE TAX RATE ON INCOME.
14. INVESTIGATATION AUDITS OF WORLD GOLD/SILVER MARKETS, PUBLISHED AS ANNUAL TEXTBOOK, REQUIRED 7TH-12 GRADE.
15. OUR NEW CITY/COUNTY, CORB, STATE, USA BANK GOVERNMENT OPERATES WITH ELECTED OFFICIALS PICKED FROM COUNTY ELECTIONS. THEY WILL NOT HAVE THE RIGHT TO CHANGE OUR LIBERATED BANKING SYSTEM ENUMERATED IN OUR NEW CONSITIUTION, SO STATED AS THESE 15 PRINCIPLES TO BE ADDED IN ADDITION TO OUR CURRENT CONSTITIONAL REPUBLIC SYSTEM OF GOVERNMENT. THIS CONSTUTION TAKES PRESIDENCE OVER THE OLD IN MONEY CREATION/CURRENCY IN CONTEST AND PRINCIPLE, NO GOLD/SILVER STANDARD.
It has always been a problem that people misuse the word demo[people]cracy[rule]. Mob rule is not superior to a constitutional republic format, and this misnomer lie misleads people in principle and philosophy, and miss-educates the populace.
PEOPLE ARE THE PROBLEM, NOT THE GOVERNMENT.
We will always have the sheep among us, the poor, and the rich. If government doesn’t restrain the power of the rich through money creation, and put them in their proper sphere; all talk of liberty is but an exercise in futility.
NEW MONEY IS CREATED BY NEW LOANS, NOT PRINTING. Every time you hear this they are being misleading. By 2008, 35-40% of new loan money was created by traditional banks, with the rest coming from new kinds of financial institutions; many to emerge since the 1990s reformed financial laws, BASEL ACCORD 2. This has led to pure insanity in the markets, so that structured finance is so widely used that if it should be stalled by new requirements of full disclosure, the financial system as it currently exists might well end.
“Taxpayers May Be Liable From Bear, Mortgage Rescue: "In an emergency action that jeopardizes the dividend it pays the Treasury, the Fed authorized a $29 billion loan against illiquid mortgages - and asset-backed securities from Bear Stearns that will be held in a Delaware corporation. JPMorgan Chase & Co. contributed $1 billion... The Delaware corp will liquidate the assets over 10 years, with JPMorgan absorbing the first $1 billion in losses, with the Fed bearing any that remain. Any such losses would hurt the Fed's balance sheet, and ultimately the taxpayer, because they would reduce the stipend the Fed pays to the Treasury from earnings on its portfolio. The dividend was $29 billion in 2006." Torres & Tyson, Bloomberg.com Mar 26, 2008
“Trichet, King May Come to Bernanke's Rescue as Fed Runs Low on Ammunition: In addition to lowering interest rates at the fastest pace in two decades, Bernanke has committed as much as 60 percent of the $700 billion in Treasury securities on his balance sheet to expand lending.” Simon Kennedy and John Fraher, Bloomberg.com Mar 31, 2008
“Trichet, King May Come to Bernanke's Rescue as Fed Runs Low on Ammunition: The ECB's charter allows it to lend to a wider range of financial institutions than the Fed and to accept more diverse collateral than either the Fed or the Bank of England.” Simon Kennedy and John Fraher, Bloomberg.com Mar 31, 2008
Counties in the United States
Counties in the USA are considered geographical subdivisions of the states in which they are part of. While the various states have differing practices, it is almost universal that counties are not considered self governing municipalities like cities, villages and towns.
One of the most complete studies of counties was researched by John H. Long and Gordon DenBoer in the "Atlas of Historical County Boundaries" The ISBN for the Illinois volume is 0-13-366402-3. These usually are hard to find, check your local reference library. If you can, visit the Newberry Library in Chicago, one of the most complete centers of contemporary knowledge in the country.
By my count there are 3143 Counties, Parishes or Independent Cities in the USA. There are a few oddities to be considered.
