Modern Day Catastrophists’
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The Criminal Aspects of Central Banking
This had been originally entitled, "The Negative Aspects of Banking"
"What is robbing a bank when compared to owning a bank?"
- Bertolt Brecht, The Three Penny Opera
"Some of the biggest men in the ..:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />United States in the field of commerce and manufacture are afraid of something.
… They know there is a power somewhere so organized, so complete, so subtle, so watchful, so interlocked, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."
- Woodrow Wilson, Former President
The statements above made by Woodrow Wilson should not be sold short.
As also can be assessed when deciphering the true motive, nature and message Wilson tried to entrust onto the American public in "The New Freedom" speech of 1912, but to no avail.
There are a number of key roles that have, and must still be played out like clockwork in order to achieve an agenda that has been in the works since the pre-classic roman era, and is being initiated by the same 13 bloodline families that have been in control of the world as one can discover when it's investigated. One of the many roles, while not the least important of them all, happens to be central banking.
"Aggression rears its ugly head, retaliation brings further dread,
the two are linked by unseen threads that wind back through time."
- Greg Graffin & Brett Gurewitz
Monetary Theory
While monetary theory is not something that is likely to be found on the Department of Education's syllabus, it comes as no surprise as to why this is once one learns the inane and questionable nature of our monetary system.
Most people are led to believe that the U.S. currency comes from a mint owned by the department of treasury, which is only true to an extent. Although a small portion of all money does come from the department of treasury (less than 5%), a vast majority of all money is created by and from privately owned corporations called banks.
Money is actually created and destroyed in huge amounts everyday as a result of payments owed and paid on loans and mortgages'. Most people are also led to believe that banks loan out money at a risk, which is also incorrect. Banks actually create the money they loan, not from the depositors' deposits, not from the banks own earnings, but in fact, the loan is generated from the borrowers own promise to repay. The borrowers own signature on the banks written agreement is an obligation to pay the bank in the amount of the principal, plus interest, or the borrower will have to suffer the loss of his or her house, car, or any other assets' that have been pledged as collateral; which is apparently a huge commitment on the borrowers end of the deal.
Surprisingly, the same commitment is not required of the bank.
Unbelievable as it sounds, the bank has the ability to conjure up into existence the amount of the loan and just write it into the borrowers account through privilege of their of their Corporate Bank Charter. The borrower's pledge of debt becomes the banks money to lend.
To understand how this is possible a history of banking must be recognized.
Freemason's/Templar Knight's/Goldsmith's
The first unintentional bankers as it turns out were the Freemason's/Templar Knight's/Goldsmith's of the early 1100's. First it must be understood exactly what money is.
In primeval society, anything was most often used as money, as long as the object in trade could be conveniently portable, and it had to be believed by the person receiving the money that it could later be exchanged for food, shelter clothing… ect.
Something is only worth what someone is willing pay for it. Money is "Potential Value"
For instance, shells, cocoa beans, attractive stones and even feathers were used as forms of money. It just so happened that gold and silver, were both soft, attractive and easy to work with. Undoubtedly in time many cultures became proficient with these types of metals.
Thus, these Mason-Goldsmiths' made trade easier by casting coins which were standardized units of these metals, whose weight and purity was certified. As like many Mason-Goldsmiths' had done, building a vault for the sole-purpose of safeguarding their coinage was not uncommon. As the Mason-Goldsmiths' security was recognized by others, Mason-Goldsmiths' soon started to receive requests from the people to safeguard their coinage in the vault as well. This began the business of renting space in the Mason-Goldsmiths' vault for valuable assets while charging a fee that would serve as a source of income for the Mason-Goldsmiths'. Soon after this business had sprouted up, Mason-Goldsmiths' took notice in a beneficial observation of their depositor's ignorance and trust. The observation being, that the depositors rarely ever came to the vault demanding the actual physical gold itself, and if they would, it was never all at once.
The neglect of responsibility on behalf of the depositor was mostly due in part because of the "claim checks" the Mason-Goldsmiths' had written as receipt's to the depositors for the gold deposited. These claim checks were being used in the marketplace as if it were the actual gold itself. People eventually found that these reliable claim checks worked out great; and as opposed to carrying around sluggish bags and counting out coins one by one for every transaction, the people now had the ability to conveniently use light paper that could simply be written in any amount rather than being approximated. This over the years proved to be a success.
All the while, most Mason-Goldsmiths' realized another untapped source of business for monopolization on the new frontiers in the market. This new business involved the Mason-Goldsmiths' loaning out their own gold to locals, and then upon repayment would receive the amount of the principal loan plus interest as the compensation of the deed. The Mason-Goldsmiths' loans were also financed by the income from one business to another. Seeing as how the acceptance of the claim checks convenience was on the rise, this led to most all persons requesting their loans in the form of these claim checks.
As European industry expanded, the more loans and deposits were being made increasing the wealth of the Mason-Goldsmiths'. Furthermore, with this sort of booming business and precarious observation of how the depositor's entrusted their valuables with the Mason-Goldsmiths', came a scheme that would make the Mason-Goldsmiths' by far the wealthiest of the trades. It was soon realized how much more profit could be generated by issuing claim checks on loans against the depositors gold in addition to his own.
This however could be conspired if the principal were paid back in full with interest. The depositor's would be none the wiser, nor worse off. However Mason-Goldsmiths' would have to go out of their way to ensure the borrowers were credible on their promise to repay along with laying down a valuable form of collateral that would act as compensation should the debt fail to be paid back in full. Mason-Goldsmiths', known as the prominent lenders of the time, now banker more than artisan, enjoyed their wrongfully got wealth to the extent of which it led to suspicions amongst the banks depositors as to how this incredible wealth had been attained.
As rumors spread, depositors threatened to withdrawal all their gold from the banks vaults. Contrary to what one might expect, this did not turn out o be a disaster for the Mason-Goldsmiths'. Despite the inherent duplicity in the scheme, the idea of checking one's credit as qualification for a loan worked out and the depositors found that all their gold was accounted and safe. Rather than withdrawing their gold, the depositors then demanded that the Mason-Goldsmiths', now their banker queue them in on the profits by paying them a share of the income on the interest earned from the loans which were financed by their deposited commodity. So the banker paid a low interest rate on the amount of commodity(gold) deposited that was to be financed as loans with a higher interest upon return. The difference covered the banks cost of operation and as well as its profit. The logic of this system is quite simple and seemed like a reasonable way to satisfy the demand for credit, which was shown to be in dire need of in regards to European expansion in industry.
Mason-Goldsmiths' with the income remaining after sharing the interest with his depositors, along with the demand for credit found itself growing faster than business could handle as European industry spread throughout the world… and with the bankers loans only limited to amount of commodity deposited by the financer's at low interest, this tended to be the downside of the business.
This is where greed comes in.
This then led bankers to scheme up old idea's that had worked in the past. Again observing how borrowers and depositors rarely ever demanded any physical gold, and thus taking into consideration the fact that no one except the banker ever really new how much gold-commodity was actually contained in the vault, banks were inspired to lend claim checks on commodity that didn't even exist while profiting on the interest. As long as the claim check holders didn't all come to the vaults all at once and demand real gold, the bank would never be discredited. A long while had passed as banks profited off gold that didn't exist, and because the idea that money could just be created at will of pen was to outrageous to believe, it had took a while before the thought even ever occurred to the citizens.
Eventually the idea that money can just be created from nothing got to the Mason-Goldsmiths' heads as it can be imagined, and over time the bankers loans and wealth triggered suspicions amongst the people once again. As the result of these suspicions, most borrowers began a new trend of requesting their loans in the form of gold rather than paper representations, and because of the banker's hesitance and reluctance in doing so as he did it; it wasn't to long before several wealthy depositors began making complete withdrawals. This of course turned out to be the worst situation for the banker as a sea of claim check holders flooded the streets outside the lock doors of the bank. Bankers, unable to redeem all the claim checks they had put out into circulation for gold and silver were then considered bank ruptured, or "bankrupt".
This scenario is what every banker dreads and is called a "Run on the Bank". Bankruptcies are what ruin credibility for private and independently owned banks, thus, damaging public confidence in all banks. After the first bankruptcies occurred, one might have thought that it would seem straight forward to simply outlaw the practice of creating money from nothing. However the large volumes of credit the bankers were able to offer had become essential to the success the commercial European expansion, so instead, the practice had just been legalized and regulated to ensure against future bankruptcies. Bankers then agreed to abide by newly appointed limits on the amount of fictional loan money that could be leant out; though the limit would still be much larger than amount of actual gold and silver in the vault.
Although it may seem to come as a shock, seeing as how, this system of use would allow bankers to generate as much profit as desired, as long as the citizens were in the demand for credit, which in turn, lead to the request of loans from banks; it is considered legal.
This regulation is what's known as that "Fractional Reserve Requirement System".
Quite often the fractional reserve ratio was nine fictional dollars to one dollar in gold.
9:1 (FRR) "Fractional Reserve Requirement/Ratio"
10:1
20:1
30:1
And in some cases, a reserve was not even required.
These new banking regulations were to be enforced by federal commissions that have been set-up by the government to prevent bankruptcies and ensure the citizens financial security. It had also been arranged, that in the event of a possible bank run, a Central Bank would support smaller private banks with emergency infusions of commodity(gold and silver), that would be on loan from this Central Bank in the event of a run. Central Banks are whole other story.
So however, only if there were to be a number of banks, all in the midst of simultaneously experiencing runs, would the entire system begin to come crashing down; which will be explained in a bit with the money pool theory.
The Money System Today
Over the centuries of banking and the decades of fractional reserve requirement, which is in regulation by thousands of banks, all of whom are backed by a Central Bank (Federal Reserve), has become the most dominant money system of the entire world.
All the while, the real amount of gold and silver over the centuries has steadily shrunk to nothing, and its effect is crucial when understanding exactly where our species is headed down the line. The simple concept and basic nature of money is to represent value, but over the years has changed, and money now represents debt…?
Understand…
In the past, the dollar bill was to be considered a receipt among the citizens that could be redeemed for a fixed rate of gold or silver.
Dollar bills would read, "One Dollar in Silver Payable to the Bearer Upon Demand"
Though in the present, a dollar bill or digital dollar can only be redeemed for another paper dollar bill or digital dollar, hence, will read, "Federal Reserve Note".
money then = backed by valuable commodity (gold and silver)
money now = backed by Central Bank credit (Fed Reserve Note); which is debt.
Understand…
(1.)
…in the past, privately owned banks created "Bank Credit", which existed in the form of Private bank notes, that was given to the borrower(client) to use as the loan to acquire a new home or vehicle, ect…
These bank notes, anyone had the choice to not accept if they viewed the bank issuing the note to not be credible or inexistent, just as we have the right to refuse someone else's private checks today. Every bank note was different in appearance and size depending on the issuing bank.
Although today, all banks notes are alike no matter what bank you borrow from. This is because all banks today, deposit their commodity with, and are backed by a Central Bank, which is our Federal Reserve; hence all banks use the same bank notes that read, "Federal Reserve Note". Central Banks monopolize. Our founding fathers new this to be so and managed to dismantle several that attempted to make name in their day. Banks notes were of course worth nothing to people, couldn't be used as money, and are only a form of credit that can be used between banks because the note represents debt of the bank to the client.
(2.)
Let it also be known that all legal government issued money for any country on earth, is called "Feit Currency"
Yen – Feit Currency
Dollars – Feit Currency
Pounds – Feit Currency
Francs – Feit Currency
Hence, the term, "counter-feited money"
Feit currency is created by government feit, or government decree.
…these two key factors now learned, are said to say this...
Because of the Federal Reserve Act of 1913(whole other story) pushed by President Woodrow Wilson, it is now allowed for banks to take this issued theoretical bank credit, after being made into bank notes, to be legally convert (considered) into government feit currency, because our governments' law make these bank notes our feit currency, we must accept it as money. The legal tender laws of a nation declare that the citizens must accept feit currency as payment for all debts public and private; otherwise the courts will not enforce the obligation.
_WTF!_
Watch as he goes in for the Steal
Ok...so...
Quick recap_
· A potential bank client wants a loan of $100,000.
· The bank agrees to loan the money it doesn't have to the client at 10% interest.
· The client signs an agreement to pay back the principal of the loan plus 10%interest, plus late fees.
· This agreement is now worth $100,000, because remember,
(In primeval society, anything was most often considered as money, as long as the object in trade could be conveniently portable and had to be believed by the person receiving the money that it could later be exchanged for food, shelter clothing… ect.
Something is only worth what someone is willing pay for it. "Potential Value")
It represents a pledge of debt of 100,000 from the client to the banker.
· The bank now has 100,000 worth of money (agreement), thus has the ability to omit $100,000 of bank credit to the client's account, which is worth nothing because it is potentially theoretical and can't leave the bank's system.
· Now because of the agreement the bank signed, it now has an obligation, and is in debt to the client, because the bank has no money to lend.
· However, because the signed agreement the bank possesses has potential value, the bank now has $100,000 of "bank credit", and only credit to issue the client.
· This bank credit is debt.
· This $100,000 worth of bank credit is then viewed credible by the cooperating government, then is legally converted into feit currency.
· The client now has $100,000 worth of government feit currency/bank notes (money) in his or her account.
· So really all a dollar bill is, is the debt of the banker to the client,… because our feit currency is bank notes which are debt.
· Hence, all money is debt.
· And because of the new Bank Charter for the Federal Reserve Requirement Ratio, that was pushed along through by the Federal Reserve act of 1913, the FRR no longer applies to the ratio of new money to gold or silver in deposit, but merely to the ratio of new debt money to existing debt money on deposit in the reserve; so the only commodity this debt represents is another representation of debt!
· Debt: Debt
· Holy shit, were fucked, huh… L
Our Destiny Is Debt
It must also be stressed that the banks ability to practice the current monetary system is only through the active co-operation of government. Thank you Woodrow Wilson …but if not him, I imagine it would have been someone else, eventually. It's just the way things are. If there is one virtue these parasites seem to posses, I'd say its patience, and 2,000 years of it to be exact. W
The Federal Reserve's act's of legislation:
1. A government must pass laws that enforce the citizens to use the national feit currency.
2. The Government must allow private credit to be paid out in this legal government currency.
3. The governments' courts will enforce the debts on individuals.
4. And lastly, a government must pass regulation to enable and protect the money system's functionality and credibility with the general public; all the while, putting forth no effort in regards to educating the citizen's about monetary theory.
So after it has been assessed that through government, banks and government have the ability to just create money, one might ask, "How much money exists?"
New money is created whenever someone takes out a new loan or a mortgage from the bank. As a result, the total amount of money that can be created has only one real limit…
_) The total amount of debt (_
So banks can create as much money as can be borrowed and the simple ironic truth of it all, is that when someone signs a loan or mortgage agreement with a bank, the only thing of real value involved in the transaction, is the backed asset the client has agreed to forfeit should he or she fail to commit on the obligation.
If your misconceptions of money are still not shed…consider an analogy.
In the real world, a loan means the lender must have something to lend. I don't own a hammer/you need a hammer.
Hence, if you ask me for a hammer, my loaning you a promise to provide a hammer I don't posses, but will posses after having been returned to me, by you, after I loaned it to you, wouldn't work out, because there is no hammer. This doesn't make any sense, and is a contradiction of its own demise.
However, in the artificial, religious, make-believe world of "money" called America, the banks "promise" to pay money it doesn't have to the client, is allowed to be passed off as money, and we (government) accept it as such!
(This is where the theory part of monetary theory comes in. J)
"Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money that they do not posses."
- Irving Fisher, Economist & Author
Do you see the inane sense of reality here?
No debt = no money
"This is what our money system is. If there were no debt's in our money system, there wouldn't be any money."
- Marriner S. Eccles, Former Chairman of the Federal Reserve Board
And since the amount of debt is potentially unlimited, so is the supply of money. The reason debt is potentially unlimited, is because of but again, another ingenious idea. Every time a loan is created, the money for that loan gets created in exact amount of the principal, while the 10% interest of that $100,000 loan was never created. So as the bank credit is converted into feit currency, this new currency is thus taken from the persons account and then becomes a fraction of the "Overall Money Supply", or, the economic money pool.
So where is the money to pay the interest supposed to come from, seeing as how the only place the clients can go to obtain the money to pay the interest is the economic money pool.
_) So think about it (_
Almost all that money has been created in the exact same way; as bank credit that has to be paid back with more than was created. So everywhere there are bank clients in the exact same position as you, trying to obtain the money they need to pay back both the principal and the interest from a money pool that contains only principal. As it would be quite impossible for everyone to pay back the principal plus interest, because the interest doesn't exist.
P / P+I
An even far greater problem that seems to present itself here is that for long-term loans, such as mortgages and government debt, the total amount of interest owed would far exceed the principal. So unless a large amount of interest-free money was created to pay for all the owed interest, it would mean a very high rate of foreclosures in non-functioning economy. In order to maintain a functional society, the rate of foreclosures needs to be low, and the only way to accomplish this would be to logically, create more and more money to satisfy the economy's demand for more money/debt to service the previous debt/money. Then in turn, this of course would make the total amount of national debt bigger. This means that more interest must be paid, because of the process in which money is created; resulting in an ever escalating and inescapable mountain of indebtedness. This is called "Perpetual Accelerating Growth" in Debt.
It is only the "Time Lag" between the money's creation as new loans ///
...... and its repayment that keeps the overall shortage of money from catching up with its debt, thus bankrupting the whole system!
Contrary to what one might think, it would be imagined that all debt were paid off, then the overall state of the economy would improve. This notion of relief does certainly seem to be true on an individual level, seeing as how one would have more money to spend upon completion of his or her loan payments.
(Economist): So… if all debts were paid off, there would be more money to spend in general…right?
(Economist): LOL, Actually Johnny, that question couldn't be more retarded, or further from the truth.
(Little Johnny): L
(Economist): That's ok Johnny, I guess I should remember, that there are no stupid questions,…only stupid people. J
(Little Johnny): J
You see …
The economy is only business…
Business is only money…
Money is only debt…because our government issued feit currency is bank notes of debt, which are all issued by, the privately owned "Federal Reserve Bank".
So if there were no debt, there would be no money for business, thus, no economy.
No Loans = No Money
Realize that we are totally reliant on continually renewed bank credit for there to be any money in existence. This is what happened in 1929 that caused the great depression. The countries money supply shrank drastically, while the amount of loans dried up.
Hence, in order to maintain our economy, we have to be kept in debt.
Why are interest rates so low with no money down?
Why do we receive unsolicited credit cards in the mail?
Why are their drugs? , or even worse …
Why are their banks owned by drug lords, which then have the initial ability to launder their own drug money?
Why is their religion that tends to reap-in billions of dollars a year?
Why are the prices of gasoline so high and coffee even higher?
Perhaps to stave off collapse of the entire monetary system.
A rational person has to ask, "Can this perpetual accelerating growth in debt really go on forever?"
Isn't a collapse inevitable?
Well Johnny …
"One thing to be realized about our fractional reserve system is that, like a child's game of musical chairs, as long as the music is playing, there are no losers."
- Andrew Gause, Monetary Historian
Around the world, governments' borrow money at interest from privately owned corporations called banks, and government debt is a major component of major debt, and servicing debt on interest does indeed tend to take out a huge portion from our taxes (which are illegal by the way).
In conclusion, now that it is known that the banks have the ability to create the money they loan, and our world governments' allow them to do this legally, one must find truth within the answers to these 4 posed questions…
1. Why do governments choose to borrow money from private banks at interest, when governments have the ability to simply create all the interest-free money it needs itself?
2. Why create money as debt at all? Why not create money that circulates permanently, and doesn't have to be perpetually re-borrowed as bank credit at interest in order to exist.
3. How can a money system that can only function with perpetually accelerating growth be used to build a sustainable economy? Isn't it logical that perpetual accelerating growth and sustainability are incompatible?
(This last posed question is by far the most important, in regards to where our country and its money system are headed as the result of this pre-meditated, intricate and global agenda that is just one gear in the clockwork of our Fate; which is in the hands of our government (the people), who in turn are in the hands of World Bankers.)
4. What is about our current system that makes it totally dependable on perpetual growth? What needs to be changed to allow the creation of a sustainable economy? ...
For my end note, all I would like to infer is a reminder.
A reminder that through initiative, you have the ability to change the potential fate that is to come.
Because you are the government.
Christian Garza
02/14/08
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"Under the FED Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation"
- Senator Charles Lindbergh, in regards to the purposely devised recession of 1929 by JP Morgan, (along with the Rothschild's', Rockefellers', Warburg's' and other head bankers in favor for implementation of a Central Bank)
Modern Day Catastrophists'
By Greg Graffin & Brett Gurewitz
Take those potatoes out of your ears, listen to the warnings, verify all your fears,
there's a world outside that's ready to blow, and we're all to blame when it finally explodes.
You gotta listen up, gotta listen to what they're saying to you,
gotta listen up, and think about what they're telling you.
Temperature is rising from deodorant spray. They'll bury us alive in what we throw away.
If we don't reuse most of our debris, our kids can't throw away the carbon copy.
You gotta listen up, gotta listen to what I'm saying to you,
gotta listen up and think about what I'm telling you. They're the modern day catastrophists,
they've got practical solutions, know all the right equations. They're the self-appointed righteous pragmatists,
and they know 50 ways to save the world, and you too can be one of the few to save the world,
but you've gotta do exactly what they tell you to. What makes you think you can cure our disease?
Maybe it's just our biology, maybe it's time to make room for another species,
living in this is the 21st century.
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You Are (The Government)
By Greg Graffin & Brett Gurewitz
Hey sit down and listen and they'll tell you when you're wrong. Eradicate but vindicate as "progress" creeps along.
Puritan work ethic maintains its subconscious edge as Old Glory maintains your consciousness.
There's a loser in the house, and a puppet on the stool, and a crowded way of life, and a black reflecting pool,
and as the people bend, the moral fabric dies, the country can't pretend to ignore its people's cries.
You are the government. You are jurisprudence.
You are the volition. You are jurisdiction.
And I make a difference too.
