Wealth, Virtual Wealth, And Debt

22 Feb

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Yes, I do bang on a lot about bank(ster)ing, usury, and debt slavery. But I am far from the first.

Mankind has known of these great evils for millennia.

Literally, for thousands of years.

Great wise men have preached against the parasitic slave trade of the money-lenders throughout the ages.

Plato, Aristotle, Cato, Cicero, Seneca, Moses, Philo, Buddha, Jesus – all denounced the evil of money-lending at interest. The only Biblically-recorded instance of Jesus Christ resorting to violence, was when he chased the money-lenders out of the Temple with a whip.

And yet, in our so-called “Information Age”, when billions have access to heretofore unimaginable storehouses of historical records, books, and information, it almost seems as though humanity is further away than ever from having a solid understanding of HOW the dark worlds of “money” and “banking” really work.

Here are some quotes (bold added) from the writings of Frederick Soddy in the early 20th century (h/t Monetary Realism via Pragmatic Capitalism):

“THE PRIVATE ISSUE OF MONEY; A CHANCE RESULT OF THE BANK CHEQUE SYSTEM

No doubt there are still many people, if not the majority, who will be frankly incredulous that money vastly exceeding in amount the total national money can be, and is created and destroyed by the moneylender with a stroke of the pen. How frequently does one still read in the Press that the banks can only loan their customers spare money! Most people still think of what money once was, “a public instrument owned and controlled by the State.””

- “Wealth, Virtual Wealth, And Debt”, p. 147, published 1926

“This book will show what money now is, what it does, and what it should do. From this it will emerge the recognition of what has always been the true rôle of money. The standpoint from which most books on modern money are written has been reversed. In this book it is not treated from the point of view of bankers—as those who create by far the greater proportion of money—but from that of the PUBLIC, who at present have to give up valuable goods and services to the bankers in return for the money that they have so cleverly created and create. This, surely, is what the public really wants to know about money.

It was recognised in Athens and Sparta ten centuries ago before the birth of Christ that one of the most vital prerogatives of the State was the sole right to issue money. How curious that the unique quality of this prerogative is only now being rediscovered. The “money power” which has been able to overshadow ostensibly responsible government, is not the power of the merely ultra-rich, but is nothing more nor less than a new technique designed to create and destroy money by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of the community or the real rôle that money ought to perform therein.”

Page x: “To allow it to become a source of revenues to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.”

- “The Role of Money”, p. ix-x, published 1934

“The Banker as Ruler.

—From that invention dates the modern era of the banker as ruler. The whole world after that was his for the taking. By the work of pure scientist the laws of conservation of matter and energy were established, and the new ways of life created which depended upon the contemptuous denial of primitive and puerile aspirations as perpetual motion and the ability ever really to get something for nothing. The whole marvellous civilisation that has sprung from that physical basis has been handed over, lock, stock, and barrel, to those who could not give and have not given the world as much as a bun without first robbing somebody else of it… The skilled creators of wealth [in industry and agriculture] are now become hewers of wood and drawers of water to the creators of debt, who have been doing in secret what they have condemned in public as unsound and immoral finance and have always refused to allow Governments and nations to do openly and above aboard. This without exaggeration is the most gargantuan farce that history has ever staged.”

- “The Role of Money”, p. 51, published 1934

Ever here someone insist that government “printing” money is always a terrible, idiotic thing?

Private banks do it. Every single day. And make vast profits from doing so.

In the modern technological age, it is even easier for the banks than in Soddy’s day. There’s no longer any need to waste paper and ink writing down their ledger entries.

The “money” that banks create today, is just typed into a computer, every time a new loan is made.

“Genuine and Fictitious Loans.

—For a loan, if it is a genuine loan, does not make a deposit, because what the borrower gets the lender gives up, and there is no increase in the quantity of money, but only an alteration in the identity of the individual owners of it. But if the lender gives up nothing at all what the borrower receives is a new issue of money and the quantity is proportionately increased. So elaborately has the real nature of this ridiculous proceeding been surrounded with confusion by some of the cleverest and most skilful advocates the world has ever known, that it is still something of a mystery to ordinary people, who hold their heads and confess they are “unable to understand finance.” It is not intended that they should.”

- “The Role of Money”, p. 62-3, published 1934

My view?

The human race is doomed to experience the darkest dystopian future imagined by any ancient prophet, seer, or modern “science fiction” novelist.

We are within sniffing distance of the worst “Big Brother” Orwellian nightmares.

That is our fate.

Unless the exclusive, government-legislated power to create “money” is taken away from private and quasi-”government” institutions – meaning, banks and central banks.

Because that is where the ultimate physical power in the world rests.

With the creators of “money”.

For them to lose that power, requires education.

It requires people who do understand how the “money” enslavement system works, to share that knowledge with people who don’t.

Even if they do not want to hear it. Which most do not – the truth is often very uncomfortable.

Ultimately, it requires alternatives.

New “money” solutions that inherently decentralise the power of money.

Perhaps even something like this -

The People’s NWO – Every Man His Own Central Banker

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2 Responses to “Wealth, Virtual Wealth, And Debt”

  1. omanuel February 22, 2013 at 3:55 pm #

    This brief summary of the evolving relationship between God, Man and Sun over the past six centuries (1500 – 2100 BC) may explain:

    1. The rise of hope for Life, Liberty & Pursuit of Happiness

    2. The fall of hope for Life, Liberty & Pursuit of Happiness

    http://tinyurl.com/aynmbpv

    I deeply regret that it took me so long to decipher these events.

    With deep regret,
    Oliver K. Manuel
    Former NASA Principal
    Investigator for Apollo

  2. JMD February 22, 2013 at 5:11 pm #

    Banks monetise debt. Always have done, always will do.

    The alchemy is when banks monetise junk debt, since money is precious, the absolute opposite to junk. Money cannot be junk, or we are indeed “doomed to experience the darkest dystopian future imagined”.

    It is “government-legislated power” that has created the monetary system we are saddled with today. Take that away & no private bank, not even Goldman Sachs, can get away with monetising junk indefinitely.

    The power is that of the gods, & the government will not take it away from the banks because in doing so the government will destroy itself. For it is that government-legislated power that allows the government’s own worthless debt to trade ‘money good’. The likes of Goldman Sachs monetise government debt.

    So I guess I’ll be seeing you in the earth’s equivalent of Hell.

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