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.
It seems that a few people still are just beginning to find this out, and apparently there are many more who simply don’t have time to think about such things, despite the tremendous impact it has on their lives. But the crooks in the news make the whole thing too hard to ignore. In case you missed it there is more economics of ignorance (tamo-guna) in the news recently:
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?
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