The Cat’s Out of the Bag
The people over at “Positive Money” are finally getting some
attention. First, an article appeared in TheEconomist, then came an article in the Financial Times,
followed by an article in the an article in The Independent,
and another in the Guardian.
All of these articles in the mainstream British press explained to some degree
the manner in which money is created out of thin air by private banks (and thus
they control the entire economy), a story that the Positive Money people have
been trying to get out for some years. Perhaps much of the press is due to the
fact that the people at Positive Money have been on the attack with books and
videos explaining to the people in language they can understand that they are
all being hoodwinked by the banks.
We had J.P. Morgan losing $5.8 BILLION on a single trade,
the came the LIBOR scandal where it was explained how the banks’ cheating was being
paid for by everybody (reported in an earlier post). In relation to that Barclays Bank
dismissed its Chief Crook, Bob Diamond after Barclays gave up a $453 million
settlement over manipulation of the LIBOR rate. Diamond didn’t voluntarily walk
the plank, despite his so-called resignation. He was forced out at the
insistence of Sir Mervyn King, the Governor of the Bank of England.
Next the UK Treasury thinking of “the
possibility of introducing criminal sanctions for serious misconduct in the
management of a bank” (wow, that only took about eight years), this over the
shenanigans in retail banking services at the Royal Bank of Scotland
affecting hundreds of thousands of its customers.
And finally, HSBC (Hong
Kong and Shanghai Banking Corporation), the biggest British bank, confessed to
US authorities that it has been laundering the profits of the
Mexican drug cartels and funding for terrorist activities in other countries.
For this “creative banking” HSBC may be fined more than $1 billion!
So residents of the UK are beginning to ask the obvious
question: what’s up with the banksters?
And the good people over at Positive Money are providing
plenty of answers. Josh Ryan-Collins, and his associates have written “Where
Does Money Come From? A guide to the UK monetary and banking system.” Great
book explaining to ordinary people in language they can understand, contrary to
what is taught to students of economics, which Professor David Miles of the
Monetary Policy Committee at the Bank of England admits “is very misleading.” (are
our future bankers being deliberately
mislead?....and could that be why the entire system continues to screw the
small fellow?...hmm, just a thought…) James Robertson, another UK alternative
thinker, also gives some straightforward answers to the question of the
creation of money with his book “Future Money.” So the UK residents
are getting a reality-check it seems.
Not only do the Positive Money people have a book, but
they’ve produced a great video— “97% Owned”, that explains the process of
private money creation for those who can no longer sit still to read a book. All
of this exposure of the man behind the curtain is getting people riled up, and
rightfully so! They are beginning to ask uncomfortable questions, such as: Why
on earth do we allow our political leaders to continue giving commercial banks
the huge privilege of creating the public money supply as profit-making debt at
our expense?
Why indeed???
So, now that the cat is out of the bag, and everyone is
beginning to realize that the bankers control every step of their lives and
fortunes, what shall we expect? Monetary reform? Honest money?
If you haven’t guessed it I gave the hint in my last post.
Psst: tamo-guna. In an atmosphere pervaded by illusion and ignorance are we to
expect reality and honesty?
Are you kidding? Can you imagine for one second that the
owners of, not only the public banks, but the private banks that own the
central banks of the world, are going to just say “aw, shucks” and let go of
their income and the tremendous control that they have over the entire world? Keep dreaming, buddy. Not
on your life.
Here’s what I expect: when the news finally goes mainstream
and everyone realizes they’ve been screwed for the past 500 years, they (the
banksters) will pull the plug on the whole game. It’ll come crashing down
overnight like a house of cards, and there will be mayhem galore. It’s hard to
talk economic reform when you can’t even eat. And while the masses are looting
in order to survive the Masters of Fate will present their one-world government
and global economy as the sure fix for all the problems. “Yea, that’s it…that
was the problem – too many independent governments with too many different
currencies. If we have just one government and one currency all of our problems
will be solved! Hooray! Eureka!
We are saved!” If the people are in
enough pain they will accept any solution that will offer them a job, a place
to live, and something to eat. Sorry to be so pessimistic. You might have heard
me say in the past that there is No
Solution Without a Spiritual Revolution. That’s my opinion and I’ll stick
by it.
For those who haven’t yet gotten their economic education at
my website, here is the “97% Owned” video, just about an hour long. And for
those who want more details there is the director’s cut weighing
in at just over 2 hours.
To be part of the solution, and not the problem, please
chant: Hare Krishna, Hare Krishna,
Krishna Krishna, Hare Hare, Hare Rama, Hare
Rama, Rama Rama, Hare Hare
