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		<title>Journalist In Spiteful Personal Attack On Sean Quinn</title>
		<link>https://foolscrow.wordpress.com/2012/01/24/journalist-in-spiteful-personal-attack-on-sean-quinn/</link>
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		<pubDate>Tue, 24 Jan 2012 03:39:11 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Anglo Irish Bank]]></category>
		<category><![CDATA[bank fraud]]></category>
		<category><![CDATA[IBRC]]></category>
		<category><![CDATA[Irish Bank Resolution Corporation]]></category>
		<category><![CDATA[mortgage fraud]]></category>
		<category><![CDATA[Paul Drury]]></category>
		<category><![CDATA[promissory note]]></category>
		<category><![CDATA[Sean Quinn]]></category>
		<category><![CDATA[securitization]]></category>

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		<description><![CDATA[by Gabriel Donohoe Journalist Paul Drury launched a vitriolic personal attack on Sean Quinn in The Irish Daily Mail on Friday, January 20th, 2012. With stirring braggadocio Drury declares that he wants &#8220;to grab this miserable little Cavanman by his &#8230; <a href="https://foolscrow.wordpress.com/2012/01/24/journalist-in-spiteful-personal-attack-on-sean-quinn/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=139&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p><a href="http://foolscrow.files.wordpress.com/2012/01/sean-quinn1.jpg"><img class="alignnone size-medium wp-image-141" title="Sean Quinn1" src="http://foolscrow.files.wordpress.com/2012/01/sean-quinn1.jpg?w=300&#038;h=142" alt="" width="300" height="142" /></a></p>
<p>Journalist Paul Drury launched a vitriolic personal attack on Sean Quinn in The Irish Daily Mail on Friday, January 20<sup>th</sup>, 2012.</p>
<p>With stirring braggadocio Drury declares that he wants &#8220;to grab this miserable little Cavanman by his lapels and shake him until the knife, fork and salt cellar come tumbling out of his pockets&#8230;&#8221;</p>
<p>Drury, former Executive Editor of the Irish Daily Mail and one of four journalists nominated for the 2011 Columnist/Commentator of the Year Award, [he didn't win] starts his piece with a sneering lampoon of &#8216;cute hoor&#8217; Cavan men who &#8216;eat their dinner out of a drawer&#8217; in case a visitor would arrive unexpectedly and expect to be fed. In the hands of Niall Tóbín this Cavanman story is funny, but in Drury&#8217;s case it is quite contrived. Most people know that Sean Quinn is a Fermanagh man – that is, most people except some award-nominated journalists.</p>
<p>Drury goes on to say that Quinn &#8220;is the man who single-handedly did more than any other person – with the possible exceptions of David Drumm, Seanie Fitz and Michael Fingleton – to bring this country to its economic knees.&#8221;</p>
<p>Now we&#8217;re down to the heart of the matter. Drury&#8217;s article is a clear illustration of how the mainstream media (MSM) shape and spin the news to distort the truth and broadcast the propaganda that the International Money Trust want hammered into the hearts and minds of the people.</p>
<p>This writer is no apologist for Sean Quinn. Mr. Quinn knows he made mistakes and has said so publicly. The real issue here is not the merits or demerits of Sean Quinn&#8217;s purchase of so many Anglo Irish Bank shares – the issue is about how the MSM portrays the likes of  Sean Quinn as a <em>bête noire</em> to divert public attention from the real villains, the banksters and their government lickspittles.</p>
<p>Sean Quinn&#8217;s travails with Anglo Irish Bank should have remained a private matter between himself and the bank. Quinn, a private individual, owned private companies which he used as collateral for borrowings from Anglo Irish Bank, also a private company. The entire matter should have remained a private affair. With the Quinn Group earning almost half a billion euro per annum, an accommodation could have been reached to pay off the bank.</p>
<p>Then, when the bank became insolvent it should have been let fall. There might have been repercussions for the Irish economy but nothing like the devastation we have now thanks to egregious government intervention.</p>
<p>Without permission or consultation the government of the day took it upon themselves to take hold of the private debt of a private company and clamp it on the backs of the Irish people. This was an outrageous act of treachery that will cause untold damage and hardship to the Irish people for generations to come. There were other alternatives that would have much better served the interests of the Irish people.</p>
<p>Let&#8217;s make no bones about it &#8211; Ireland&#8217;s financial woes are directly attributable to the malfeasance of Brian Cowen and Brian Lenihan and their cohorts and advisors. There is a clear <em>prima facie</em> case of government criminality to answer. To inflict such brutal punishment on the whole Irish nation to save the fortunes of a few profligate banksters is as disgusting as it is shocking. It is quite disingenuous of Paul Drury to land the entire blame for the banking fiasco on Sean Quinn, or even Seanie Fitz or Drumm or Fingleton for that matter, despite their appalling cupidity and chicanery.</p>
<p>The current Fine Gael/Labour Government has shown itself willing to continue the criminality of its predecessor. Next week Michael Noonan will hand over €1.25 billion to Anglo Irish bondholders – convicted fraudsters like Goldman Sachs, JP Morgan, and others of that ilk. This will be followed by billions more, on top of the billions already paid to these already mega-rich, corrupt corporations.</p>
<p>A few years ago, Iceland told these SOBs to go take a hike and now Icelanders are well on their way towards a healthy recovery. Greece also told the SOBs to stick their austerity where the sun don&#8217;t shine and now Greece is about to get a write-down on their borrowings of some €100 billion. But Michael Noonan meekly accepts the diktats of the banksters and shrugs and tells the Irish people to &#8216;grit their teeth&#8217;. Just who in hell is this hustler working for?</p>
<p>Paul Drury is undoubtedly a talented writer but appears to have lost his journalistic integrity. The bias in his writing is all too obvious and very unprofessional. For example, in an attempt to add to his belittlement of Sean Quinn, Drury says that Quinn did create &#8220;hundreds of jobs.&#8221; In fact, according to Wikipedia, Quinn created some 8,000 jobs, with more than 5,500 of them in Ireland. There is a huge difference between hundreds of jobs and five thousand, five hundred jobs.</p>
<p>Disappointingly, in Drury&#8217;s writings, we don&#8217;t see any in-depth investigations or any hard questions being asked by him of the banksters or their pals in government. He seems more comfortable in running with the official line. If he chose to use his talent to its highest potential he could be instrumental in delivering important truths to the Irish nation and helping shape Ireland&#8217;s future for the better.</p>
<p>Most visitors to this website will be aware to some degree of how the banks fraudulently create money.</p>
<p>Many are learning that the banks have been securitizing mortgages for the past decade or more. This means they have been paid in full (often as much as 2 or 3 times) for the total amount of the alleged loan. Having sold off the mortgage they are no longer a party of interest and have no standing to foreclose in a court of law. But they still persist in fraudulently deceiving the mortgagors and the courts and end up seizing properties to which they have no legal or moral right.</p>
<p>And a growing number of readers are becoming aware of the fact that the banks do not lend money at all in the first place. What they do, in this age of fiat currency and paper securities, is to monetize a borrower&#8217;s signature on the promissory note, now a negotiable instrument that can be encashed for its full value. They then return this money to the borrower, pretending that they are lending him their own money. (Most banks&#8217; charters do not allow them to lend out depositors&#8217; money or shareholders&#8217; money, which must be lodged as trading security with the central bank.)</p>
<p>As unbelievable as it sounds, the borrower funds his own loan. What occurs is merely an exchange of credit. The &#8216;borrower&#8217; unwittingly loans the bank the full amount of the loan in the form of a promissory note, a gift which the bank thankfully deposits as an asset of its own. The bank then creates a liability on its books to balance the asset (matching principle) and returns like value to the &#8216;borrower&#8217; in the form of a cheque or electronic transfer. The &#8216;loan&#8217; doesn&#8217;t cost the bank one cent, yet they stand to make huge profits without disclosing this information to the &#8216;borrower&#8217;. It is a huge global fraud that is ignored by the mainstream media, the government, and the courts.</p>
<p>The fraud works the same way when countries &#8216;borrow&#8217; from the international banksters. Governments issue bonds which, like promissory notes, are very valuable financial instruments. The banksters gratefully accept these bonds as assets of their own and lend out their own credit in exchange. (It is universally illegal for a bank to lend its own credit and then charge usurious rates of interest for money it never even lent.) Currently, Ireland is in hock to the eyeballs to the international banksters for money the people never actually received.</p>
<p>[As an exercise, do some research on Money of Account and Money of Exchange. Basically, Money of Account is created effortlessly by tapping figures on a computer; Money of Exchange (cash, coins, gold &amp; silver) has to be earned by sweat and toil. Banks lend out Money of Account but expect to be paid back in Money of Exchange.]</p>
<p>Take the Sean Quinn situation. Mr. Quinn and his family built up a number of highly profitable businesses over decades of hard work and effort. Mr. Quinn then purchased shares in Anglo Irish Bank which soon collapsed leaving him with a debt of some €2.8 billion. (It is not in the scope of this article to go into Sean Quinn&#8217;s avarice in acquiring bank shares or the criminality of Anglo&#8217;s directors in cooking the books to make their bank appear solvent.)</p>
<p>What has happened, in the light of the above explanation of how the banks create money, is that Anglo Irish Bank, now the Irish Bank Resolution Corporation (IBRC), has shafted Sean Quinn, with the help and blessing of the government. IBRC unlawfully took Quinn&#8217;s highly profitable businesses away from him on the basis of the old Anglo Irish Bank deceptively exchanging Mr. Quinn&#8217;s valuable promissory notes for a matching amount of its own worthless credit.</p>
<p>We see this happening every day in Ireland. The banks are fraudulently repossessing hundreds if not thousands of homes and businesses across the country. (<em>Repossessing</em> is not an appropriate word – did the banks ever actually <em>possess</em> the property in the first place?) The country is becoming a hotbed of anarchy and revolution. Criminality reigns supreme as the bankster Troika have destroyed any sovereignty we had remaining and now lecture our government like a teacher in a crèche.</p>
<p>And not a word about this from Paul Drury and the mainstream media. Their silence is deafening. Instead, they have been programmed to slant their articles with official spin and misinformation.</p>
<p>There are many people in Ireland, including this writer, who would like to grab Drury by the lapels and shake him until the rose-coloured glasses fell from his eyes and his forefinger popped out of his back passage. But that kind of aggression is ultimately not very productive.</p>
<p>If Paul Drury and the other mainstream journalists of Ireland were to recover their lost integrity and do the job they are supposed to do, then we would have a much happier, prosperous little country. They could start with putting a couple of simple but extremely pertinent questions to the government. These question should appear on the front page of every newspaper in the country and should remain there until we either have an acceptable answer or bring in a new government that will actually work for the interests of the people.</p>
<p><strong><em>&#8220;Why doesn&#8217;t the Irish government instruct the Treasury to issue debt-free and interest-free money based on the productivity of the people and on the billions, maybe trillions, of natural resources secreted in huge amounts on the land and in the sea? Why does the government persist in borrowing credit from private international banksters, credit that was originally stolen from the people themselves?  Why should the Irish people pay interest on their own credit which is currently costing them billions of euro a year?&#8221;</em></strong></p>
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		<title>166 Turkeys Vs. The People of Ireland</title>
		<link>https://foolscrow.wordpress.com/2012/01/14/166-turkeys-vs-the-people-of-ireland/</link>
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		<pubDate>Sat, 14 Jan 2012 19:02:59 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[by Gabriel Donohoe How many people stand in the way of the peace, happiness, and prosperity of The People of Ireland? A mere 166 men and women, that&#8217;s how many. They are variously described as turkeys, chancers, charlatans, frauds, swindlers, &#8230; <a href="https://foolscrow.wordpress.com/2012/01/14/166-turkeys-vs-the-people-of-ireland/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=126&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>How many people stand in the way of the peace, happiness, and prosperity of The People of Ireland?</p>
<p>A mere 166 men and women, that&#8217;s how many. They are variously described as <em>turkeys, chancers, charlatans, frauds, swindlers, parasites, gombeens, whores</em>, and a host of other unprintable names that would make the indomitable <em>Mrs Brown</em> blush.</p>
<p>Who are they?</p>
<p>They are the supposed representatives of the Irish People – the parliamentary TDs to whom we have entrusted the powers of running our country on behalf of every man, woman, and child. Unfortunately, they do not run the country on our behalf. They mostly serve the interests of the international banksters and the huge corporations they&#8217;ve spawned.</p>
<p style="text-align:center;"><a href="http://foolscrow.files.wordpress.com/2012/01/enda-cabinet.jpg"><img class="alignnone size-full wp-image-130" title="Enda + Cabinet" src="http://foolscrow.files.wordpress.com/2012/01/enda-cabinet.jpg?w=640" alt=""   /></a></p>
<p style="text-align:center;"><em><strong>Gobble gobble!!</strong></em></p>
<p>One need look no further than the bank bailouts in Ireland and elsewhere. And look at Greece and Italy. Their cowardly politicians abdicated democratic control of their respective governments and handed over power to unelected banksters. This heralds the death of democracy and the beginning of overt rule by the New World Order.</p>
<p>Some may argue that at least the Independent TDs work on our behalf. Alas, not so. This writer has first-hand knowledge of Independent TDs being given powerful information on how the banksters have long committed colossal theft and have been criminally deceiving the Irish People for generations. The Independent TDs were also given historical information on alternatives to interest-free and debt-free money creation that would turn Ireland&#8217;s fortunes around tomorrow. But no action was taken. Nor was there a pertinent question asked in the Dáil. Not a single, solitary one. I guess these so-called representatives of the Irish People looked at their bread and observed which side was buttered.</p>
<p>The leaders of all the main parties and government ministers also received this information. The response of Michael Noonan, the Minister for Finance, was typical. When he was directed to a website that explained the banksters&#8217; criminality and how to counteract it, he promptly unsubscribed. It seems our Government governs by The Law of the Three Monkeys – <em>Hear No Evil, See No Evil, Speak No Evil.</em></p>
<p>Following is a piece written by journalist Charlie Reese.  <a href="http://freedom-school.com/545-people.html" target="_blank">http://freedom-school.com/545-people.html</a></p>
<p>It applies to members of the U.S. Congress, the President, and the Supreme Court, but it could equally apply to the Irish Parliament or to the parliament/government of almost any other country&#8230;</p>
<p style="text-align:center;"><a href="http://foolscrow.files.wordpress.com/2012/01/red-and-blue-u-s-eagle.jpg"><img class="alignnone size-medium wp-image-128" title="Red and Blue U.S. Eagle" src="http://foolscrow.files.wordpress.com/2012/01/red-and-blue-u-s-eagle.jpg?w=300&#038;h=253" alt="" width="300" height="253" /></a></p>
<p align="center"> <strong>545 PEOPLE</strong></p>
<p align="center"><strong> </strong>545 vs. 300,000,000</p>
<p align="center">Every Citizen needs to read this and think about what this journalist has scripted in this message. Read it and then really think about our current political debacle.</p>
<p align="center">Charlie Reese has been a journalist for 49 years.</p>
<p align="center"><strong>545 PEOPLE</strong></p>
<p align="center">By Charlie Reese</p>
<p>Politicians are the only people in the world who create problems and then campaign against them.</p>
<p>Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?</p>
<p>Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?</p>
<p>You and I don&#8217;t propose a federal budget. The president does.</p>
<p>You and I don&#8217;t have the Constitutional authority to vote on appropriations &#8211; the House of Representatives does.</p>
<p>You and I don&#8217;t write the tax code, Congress does.</p>
<p>You and I don&#8217;t set fiscal policy &#8211; Congress does.</p>
<p>You and I don&#8217;t control monetary policy, the Federal Reserve Bank does.</p>
<p>One hundred Senators, 435 Congressmen, one president, and nine Supreme Court justices equates to 545 human beings out of the 300+ million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.</p>
<p>I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.</p>
<p>I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don&#8217;t care if they offer a politician $1 million dollars in cash.</p>
<p>The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator&#8217;s responsibility to determine how he, or she votes.</p>
<p>Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.</p>
<p>What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget &#8211; he cannot force the Congress to accept it.</p>
<p>The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? Nancy Pelosi. She is the leader of the majority party. She and fellow House members, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to.</p>
<p>It seems inconceivable to me that a nation of 300+ million cannot replace 545 people who stand convicted &#8212; by present facts &#8212; of incompetence and irresponsibility. I can&#8217;t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist. (Consider, what has the federal government gotten itself into that has actually worked?)</p>
<p>If the tax code is unfair, it&#8217;s because they want it unfair</p>
<p>If the budget is in the <strong>red</strong>, it&#8217;s because they want it in the <strong>red</strong>.</p>
<p>If the Army and Marines are in IRAQ (and elsewhere), it&#8217;s because they want them in IRAQ.</p>
<p>If they do not receive Social Security but are on an elite retirement plan not available to (We) the people, it&#8217;s because they want it that way.</p>
<p>There are no insoluble government problems.</p>
<p>Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like &#8220;the economy,&#8221; &#8220;inflation,&#8221; or &#8220;politics&#8221; that prevent them from doing what they take an oath to do.</p>
<p>Those 545 people and they alone are responsible &#8212; they and they alone have the power.</p>
<p>They and they alone should be held accountable by the people who are their bosses.</p>
<p>Provided the voters have the gumption to manage their own employees.</p>
<p>We should vote all of them out of office and clean up their mess!</p>
<p align="center"># # #</p>
<p>Charlie Reese is a former columnist of the <strong><em>Orlando Sentinel </em></strong>newspaper.</p>
<p align="center">U.S. Supreme Court Justice Robert H. Jackson,  “It is not the function of our government to keep the citizen from falling into error; it is the function of the citizen to keep the government from falling into error.” Perry v. United States, 204 U.S. 330, 358</p>
<p> What you do with this article now that you have read it  &#8230;   <strong>is up to you!</strong></p>
<p>To continue, this might be funny if it weren&#8217;t so true.</p>
<p>(Be sure to read all the way to the end.)</p>
<p align="center"> Tax his land,</p>
<p align="center">Tax his bed,</p>
<p align="center">Tax the table</p>
<p align="center">At which he&#8217;s fed.</p>
<p align="center">Tax his tractor,</p>
<p align="center">Tax his mule,</p>
<p align="center">Teach him taxes</p>
<p align="center">Are the rule.</p>
<p align="center">Tax his work,</p>
<p align="center">Tax his pay,</p>
<p align="center">He works for peanuts anyway!</p>
<p align="center">Tax his cow,</p>
<p align="center">Tax his goat,</p>
<p align="center">Tax his pants,</p>
<p align="center">Tax his coat.</p>
<p align="center">Tax his ties,</p>
<p align="center">Tax his shirt,</p>
<p align="center">Tax his work,</p>
<p align="center">Tax his dirt.</p>
<p align="center">Tax his tobacco,</p>
<p align="center">Tax his drink,</p>
<p align="center">Tax him if he</p>
<p align="center">Tries to think.</p>
<p align="center">Tax his cigars,</p>
<p align="center">Tax his beers,</p>
<p align="center">If he cries</p>
<p align="center">Tax his tears.</p>
<p align="center">Tax his car,</p>
<p align="center">Tax his gas,</p>
<p align="center">Find other ways</p>
<p align="center">To tax his ass.</p>
<p align="center">Tax all he has</p>
<p align="center">Then let him know</p>
<p align="center">That you won&#8217;t be done</p>
<p align="center">Till he has no dough.</p>
<p align="center">When he screams and hollers;</p>
<p align="center">Then tax him some more,</p>
<p align="center">Tax him till</p>
<p align="center">He&#8217;s good and sore.</p>
<p align="center">Then tax his coffin,</p>
<p align="center">Tax his grave,</p>
<p align="center">Tax the sod in which he&#8217;s laid.</p>
<p align="center">Put these words</p>
<p align="center">Upon his tomb,</p>
<p align="center">Taxes drove me</p>
<p align="center">to my doom&#8230;&#8217;</p>
<p align="center">When he&#8217;s gone,</p>
<p align="center">Do not relax,</p>
<p align="center">Its time to apply</p>
<p align="center">The inheritance tax.</p>
<p> …and there&#8217;s more<strong>!!!</strong></p>
<p>Accounts Receivable Tax</p>
<p>Building Permit Tax</p>
<p>CDL License Tax</p>
<p>Cigarette Tax</p>
<p>Corporate Income Tax</p>
<p>Dog License Tax</p>
<p>Excise Taxes</p>
<p>Federal Income Tax</p>
<p>Federal Unemployment Tax (FUTA)</p>
<p>Fishing License Tax</p>
<p>Food License Tax</p>
<p>Fuel Permit Tax</p>
<p>Gasoline Tax (currently 44.75 cents per gallon)</p>
<p>Gross Receipts Tax</p>
<p>Hunting License Tax</p>
<p>Inheritance Tax</p>
<p>Inventory Tax</p>
<p>IRS Interest Charges IRS Penalties (tax on top of tax)</p>
<p>Liquor Tax</p>
<p>Luxury Taxes</p>
<p>Marriage License Tax</p>
<p>Medicare Tax</p>
<p>Personal Property Tax</p>
<p>Property Tax</p>
<p>Real Estate Tax</p>
<p>Service Charge Tax</p>
<p>Social Security Tax</p>
<p>Road Usage Tax</p>
<p>Sales Tax</p>
<p>Recreational Vehicle Tax</p>
<p>School Tax</p>
<p>State Income Tax</p>
<p>State Unemployment Tax (SUTA)</p>
<p>Telephone Federal Excise Tax</p>
<p>Telephone Federal Universal Service Fee Tax</p>
<p>Telephone Federal, State and Local Surcharge Taxes</p>
<p>Telephone Minimum Usage Surcharge Tax</p>
<p>Telephone Recurring and Non-recurring Charges Tax</p>
<p>Telephone State and Local Tax</p>
<p>Telephone Usage Charge Tax</p>
<p>Utility Taxes</p>
<p>Vehicle License Registration Tax</p>
<p>Vehicle Sales Tax</p>
<p>Watercraft Registration Tax</p>
<p>Well Permit Tax</p>
<p>Workers Compensation Tax</p>
<p align="center">&#8230;and the list goes on, and on &#8230;</p>
<p><strong>THINK THIS IS FUNNY?</strong></p>
<p>Consider that not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom could stay home to raise the kids if she chose.</p>
<p><strong>What happened?</strong> Can you spell &#8216;politicians?&#8217; Wake up people!</p>
<p align="center">(&#8230;and one has to &#8216;press 1&#8242; for English!?)</p>
<div align="center">
<hr align="center" size="2" width="100%" />
</div>
<p>MEMO: To All 535 voting members of the Legislature; it is now official you are ALL corrupt morons:</p>
<ul>
<li>The U.S. Post Service was established in 1775. You have had 235+ years to get it right and it is broke.</li>
<li>Social Security was established in 1935. You have had 75 years to get it right and it is broke.</li>
<li>Fannie Mae was established in 1938. You have had 72 years to get it right and it is broke.</li>
<li>War on Poverty started in 1964. You have had 45+ years to get it right; $1 trillion of our money is confiscated each year and transferred to &#8220;the poor&#8221; and they only want more.</li>
<li>Medicare and Medicaid were established in 1965. You have had 45+ years to get it right and they are broke.</li>
<li>Freddie Mac was established in 1970. You have had 40+ years to get it right and it is broke.</li>
<li>The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 33+ years to get it right and it is an abysmal failure.</li>
</ul>
<p>You have FAILED in every &#8220;government service&#8221; you have shoved down our throats while overspending our tax dollars.</p>
<p>Hey, some of you have been in place since before some of these programs!</p>
<p>AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM? IT´S NOT ABOUT THE NEED FOR GOOD HEALTH CARE, IT´S ABOUT TRUSTING THE GOVERNMENT TO RUN IT.</p>
<p>Simple solution that even you may comprehend &#8212; no need for ´health care reform´ &#8211; just move us all into the same program that you all have already in place! Simple.</p>
<p>Look here:<br />
<a href="http://usdebt.kleptocracy.us/" target="_blank">USA debt put into perspective by showing what 15 trillion dollars looks like.</a></p>
<div align="center">
<hr align="center" size="2" width="100%" />
</div>
<p align="center"><strong>Feel encouraged to share this with anyone you may know &#8212; while there is yet time to do so!</strong></p>
<p><strong>IT&#8217;S NOT LEFT-vs-RIGHT &#8212; IT&#8217;S THE STATE-vs-YOU<em>!</em></strong></p>
<p>&#8220;Most people prefer to believe their leaders are just and fair even in the face of evidence to the contrary, because once a citizen acknowledges that the government under which they live is lying and corrupt, the citizen has to choose what he or she will do about it. To take action in the face of a corrupt government entails risks of harm to life and loved ones. To choose to do nothing is to surrender one&#8217;s self-image of standing for principles. Most people do not have the courage to face that choice. Hence, most propaganda is not designed to fool the critical thinker but only to give moral cowards an excuse not to think at all.&#8221;<br />
~<strong>Michael Rivero</strong>, <a href="http://www.whatreallyhappened.com/" target="_blank">whatreallyhappened.com/</a><br />
<strong>(If death is a predetermined must, then it is a shame to die cowardly.)</strong></p>
<p><strong>&#8220;Because of what appears to be lawful commands on the surface, many Citizens, because of their respect for what appears to be law, are cunningly coerced into waiving their rights due to ignorance.&#8221; </strong></p>
<p>US. v. Minker, 350 US 179 at 187 (1956)</p>
<p>&#8220;<em>Corruptissima re publica plurimae leges.</em>&#8220;<br />
(The more corrupt the state, the more numerous the laws.)</p>
<p><strong>George Hegel </strong>(1770-1831), German philosopher,<br />
developed what he would come to refer as his model (<strong>Hegelian model</strong>.)</p>
<p>Some use the Hegelian Dialect method to advance agenda:</p>
<p>Thesis &#8211; Antithesis &#8211; Synthesis <strong>=</strong> Problem &#8211; Reaction &#8211; Solution</p>
<p>&#8220;My schooling not only failed to teach me what it professed to be teaching,<br />
but prevented me from being educated to an extent which infuriates me<br />
when I think of all I might have learned at home by myself.&#8221; -<strong>George Bernard Shaw</strong></p>
<p>&#8220;People should not be afraid of their governments.<br />
Governments should be afraid of their people.&#8221; –<strong>V</strong></p>
<p>&#8220;They must find it difficult&#8230; Those who have taken authority as the truth, rather than truth as the authority.&#8221; -<strong>Gerald Massey</strong></p>
<p>&#8220;Democracy and socialism have nothing in common but one word, equality.<br />
But notice the difference: while democracy seeks equality in liberty,<br />
socialism seeks equality in restraint and servitude.&#8221;<br />
&#8220;The American Republic will endure until the day Congress discovers<br />
that it can bribe the public with the public&#8217;s money.&#8221;<br />
-<strong>Alexis de Tocqueville</strong>, 1805~1859</p>
<p>&#8220;For my part, whatever anguish of spirit it may cost, I am willing to know<br />
the whole truth; to know the worst, and provide for it.&#8221;</p>
<p>&#8220;Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, <strong>give me liberty, or give me death!</strong>&#8220;<br />
-<strong>Patrick Henry, March 23, 1775</strong></p>
<p><strong>&#8220;An honest man is one who knows that he can&#8217;t consume more<br />
than he has produced.&#8221;</strong> -<strong>Ayn Rand</strong></p>
<p>&#8220;One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.&#8221; -<strong>Thomas Sowell</strong></p>
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		<title>Central Banks – A Rothschild Scheme For The Enslavement Of Humanity (Video)</title>
		<link>https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/</link>
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		<pubDate>Tue, 22 Nov 2011 01:59:12 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
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		<description><![CDATA[by Gabriel Donohoe Central banks and central bankers are the reason why the world is in economic and martial turmoil and why many millions of people languish in the pits of poverty and financial ruin. Central banks are privately owned &#8230; <a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=106&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p style="text-align:left;" align="center">by Gabriel Donohoe</p>
<p style="text-align:center;" align="center"><a href="http://foolscrow.files.wordpress.com/2011/11/banksters-preview.jpg"><img class="alignnone size-medium wp-image-119" title="banksters-preview" src="http://foolscrow.files.wordpress.com/2011/11/banksters-preview.jpg?w=300&#038;h=199" alt="" width="300" height="199" /></a></p>
<p style="text-align:left;" align="center">Central banks and central bankers are the reason why the world is in economic and martial turmoil and why many millions of people languish in the pits of poverty and financial ruin.</p>
<p>Central banks are privately owned or controlled cartels which covertly run the world. They operate for the exclusive profit of a small group of powerful families whose death grip on global finance can be traced back generations. They control governments, monarchies, and multinational organizations like the UN, the WHO, the WTO, and a host of other influential bodies.</p>
<p>Using massive wealth accumulated fraudulently over generations they&#8217;ve managed to co-opt or illicitly influence political parties, trade unions, the law courts, medical associations, religious hierarchies, universities &amp; academies, mass media, and the like, to promote their policies and to eradicate all opposition. They wield their inordinate global control by indoctrinating chosen &#8220;leaders&#8221; into powerful secret societies and insider groups like the Freemasons, Bilderberg, Council on Foreign Relations, just to name a few.</p>
<p>Three essential pillars of their domination of the world economy and global finance are the World Bank, the International Monetary Fund, and the Bank for International Settlements. The first two were set up at Bretton Woods in 1944 to plunder and loot and enrich a handful of bankster dynasties. The latter is known as the Central Bank to the world&#8217;s central banks. It was set up by British and American banksters in conjunction with the Nazis in 1930 and was guilty of appalling war crimes for which it was never ever punished.</p>
<p>We were fortuitously alerted to the plot of Rothschild-controlled central banks ruling the world by Professor Caroll Quigley in his 1966 book, <em>Tragedy And Hope,</em> a scholarly tome of almost 1,400 pages. Quigley was an insider in the exclusive world of the corporatists and the international bankers and had access to private research material. For some unknown reason, the original publisher Macmillan only printed 9,000 copies.</p>
<p>Professor Quigley wrote:</p>
<p>&#8220;The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences.&#8221;  <em>Tragedy And Hope, (see Chapter 20).</em></p>
<p>Journalist Joan Veon has put an excellent presentation together – <em>When Central Banks Rule The World</em> &#8211; and is well worth 90 minutes of your time. Sadly, Joan passed away last year at the age of 61 but her gutsy exposure of the banksters lives on in perpetuity.</p>
<p>Joan&#8217;s presentation is in nine parts.</p>
<p><strong>Part 1</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/vEJdeWvGIZU/2.jpg" alt="" /></a></span></p>
<p><strong>Part 2</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/VqQGm2J3THA/2.jpg" alt="" /></a></span></p>
<p><strong>Part 3</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/dlaaQgW4GHw/2.jpg" alt="" /></a></span></p>
<p><strong>Part 4</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/c3O--_S2hq4/2.jpg" alt="" /></a></span></p>
<p><strong>Part 5</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/vCqAlgQnXj8/2.jpg" alt="" /></a></span></p>
<p><strong>Part 6</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/nSD95z26kEU/2.jpg" alt="" /></a></span></p>
<p><strong>Part 7</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/gZ4QlRBTFLY/2.jpg" alt="" /></a></span></p>
<p><strong>Part 8</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/LMAyEsUAsEQ/2.jpg" alt="" /></a></span></p>
<p><strong>Part 9</strong><br />
<span style="text-align:center; display: block;"><a href="https://foolscrow.wordpress.com/2011/11/22/central-banks-a-rothschild-scheme-for-the-enslavement-of-humanity-video/"><img src="http://img.youtube.com/vi/5H9d0FaZGpo/2.jpg" alt="" /></a></span></p>
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		<title>Beware The Risen People, Part 1 of 3: Global Banking – A Criminal Syndicate Of Tyrants And Thieves!</title>
		<link>https://foolscrow.wordpress.com/2011/07/21/beware-the-risen-people-part-1-of-3-global-banking-%e2%80%93-a-criminal-syndicate-of-tyrants-and-thieves/</link>
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		<pubDate>Thu, 21 Jul 2011 12:11:23 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[by Gabriel Donohoe [On the evening before his execution by a British firing squad for his part in the Easter Rebellion in Dublin in 1916, Padraic Pearse etched a few lines from his own poem, "The Rebel", on the wall &#8230; <a href="https://foolscrow.wordpress.com/2011/07/21/beware-the-risen-people-part-1-of-3-global-banking-%e2%80%93-a-criminal-syndicate-of-tyrants-and-thieves/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=82&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>by Gabriel Donohoe</strong></p>
<p>[<em>On the evening before his execution by a British firing squad for his part in the Easter Rebellion in Dublin in 1916, Padraic Pearse etched a few lines from his own poem, "The Rebel", on the wall of his cell...</em></p>
<p><strong><em>And I say to my people's masters: Beware<br />
Beware of the thing that is coming,<br />
Beware of the risen people<br />
Who shall take what ye would not give...<br />
Ye that have harried and held,<br />
Ye that have bullied and bribed.<br />
Tyrants… hypocrites… liars!</em></strong></p>
<p><em>Pearse's words were directed at the rulers of the British Empire, but today they can be addressed to a cadre of criminal bankers and their political puppets who would impose financial slavery on us all.]</em></p>
<div lang="x-western">
<p><strong>The World Awakens!</strong></p>
<p>In a time of unprecedented global awakening, the peoples of the nations are rapidly becoming aware of how they&#8217;ve been kept in financial bondage for centuries. The veils of deception and fraud carefully woven by a malevolent Money Power<a title="" href="http://www.articlesbase.com/publish-articles.php#_edn1">[1]</a> are being torn apart like spider web in a gale. The outrageous criminality imposed upon mankind for generations is finally exposed for all to see.</p>
<p>People are fast discovering how a cunning cabal of banksters<a title="" href="http://www.articlesbase.com/publish-articles.php#_edn2">[2]</a> conned them into giving up their labour, their property, and their freedom. They now see how years of their precious energy and toil have been stolen from them by financial terrorists who have long kept humanity in a wretched state of debt, misery, and fear.</p>
<p>But now the tide of wakefulness is rising fast. A tsunami of anger and indignation is beginning to roll towards the banksters and their political camp followers. A worldwide revolution against villainy and corruption grows by the day. The masses are demanding truth and justice, and the cry of their fury is fearsome and foreboding.</p>
<p><em>Fraudsters beware! Beware of the hordes who are rising from their slumber. Beware of the people who have caught you plundering. Beware of the wrath of the wronged. Beware of the thing that is coming&#8230; tyrants&#8230; hypocrites&#8230; liars!</em></p>
<p>Fearful of the risen people, the criminal syndicates who run the world from behind the facade of governments and suborned global institutions are terrified of losing their ill-gotten wealth and privileges, and perhaps their lives.</p>
<p>Zbigniew Brzezinski, a Bilderberger and co-founder of the Trilateral Commission, recently addressed the Council on Foreign Relations in Montreal and warned his fellow elitist villains about this new &#8220;global political awakening&#8221;<a title="" href="http://www.articlesbase.com/publish-articles.php#_edn3">[3]</a>.</p>
<p>Brzezinski said: &#8220;For the first time in all of human history mankind is politically awakened – that&#8217;s a total new reality – it has not been so for most of human history.&#8221;</p>
<p>Brzezinski bewailed the fact that the whole world had awakened politically and was now &#8220;consciously aware of global inequities, inequalities, lack of respect, exploitation.&#8221; He lamented that an enlightened people would no longer tolerate financial slavery and serfdom nor would they allow the stealthy move towards a single world currency which would mean complete domination of the world by the international banksters.</p>
<p><strong>The People Versus The Banks</strong></p>
<p>More than a century ago Lord Acton said, &#8220;The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.&#8221;</p>
<p>That fight has now been joined.</p>
<p>In recent years, a growing number of people throughout the world are stumbling upon a massive deception that the banksters and their vassals have been fiercely trying to keep secret for years. It&#8217;s a secret so incredible that the mind will not accept the truth of it on a first hearing.</p>
<p><strong><em>The secret?&#8230;</em></strong></p>
<p><strong><em>&#8230;It is the borrower and not the bank who truly funds the loan!</em></strong></p>
<p>That may seem an incredible hypothesis.</p>
<p>But it&#8217;s true. In most loan transactions, banks do not lend out their money; first, they receive the full amount from the unwitting borrower himself, then they deceitfully loan it back to the borrower as if it had originally come from their own assets, and they charge punitive rates of interest to boot.</p>
<p>The idea is so preposterous that one&#8217;s first inclination is to dismiss it as hokum. But let&#8217;s have a quick look at the origins of modern banking before we explain how the borrower is, in all actuality, the lender. And at the end of this article we&#8217;ll show how you can <strong>lawfully</strong> get out of debt and have your loans written off; it involves challenging the banksters from a position of truth, knowledge, and personal empowerment.</p>
<p>There has been much dishonesty and trickery in the field of banking since the set-up of the Bank of England in 1694. Although misleadingly called the &#8220;Bank of England&#8221; it did not belong to the English Government or to the English people. It was a private bank that dealt in deceptive practices for private profit.</p>
<p>The Bank of England practised &#8216;fractional reserve lending&#8217;, a counterfeiting process which permitted the bank to lend out more money than it actually possessed. At the inception of the Bank of England, the fractional reserve ratio was set at 2 to 1. That meant it could lend out and collect interest on twice as much money as it really owned.</p>
<p>Fractional reserve ratios soon ran out to 3, 5, and 9 times the amount of bank reserves, and in some cases to many multiples of these amounts. Although modern capital reserves are generally set at a minimum of 8% (a lending ratio of 12½ to 1) some banks, such as those in Canada, Australia, and elsewhere have no requirements at all (see Wikipedia – <em>Reserve requirement</em>).</p>
<p>Fractional reserve lending is a gigantic confidence trick that allows banks across the globe to create money out of thin air and charge interest on it. Charging interest on money created out of nothing is a crime known as usury. Incredibly, governments permit it without question and a compliant judiciary accommodates banking fraud in the courts every day of the week. In bygone days, usurers were put to death; but today they live in opulence like emperors and consider themselves above the law.</p>
<p>The criminality of modern banking owes its origins to the double-dealing goldsmiths of the Middle Ages. The goldsmiths owned secure vaults where they would store gold and silver coin and bullion for their clients for a fee. When a merchant stored gold with the goldsmith he was given a receipt, or chit, for the amount of his deposit. Soon these chits were traded in the marketplace at face value; they were more convenient and safer than carrying gold around.</p>
<p>The goldsmith, also a money lender, began to lend out chits instead of his gold. At first, these chits were fully backed by an equivalent amount of gold in his vault. Then it wasn&#8217;t long before he cunningly progressed to lending out chits backed by his depositors&#8217; gold – without the depositors&#8217; knowledge or consent. Soon, the devious goldsmith found that he could get away with even more blatant skulduggery.</p>
<p>He noticed that only 10% of his depositors ever turned up to reclaim their gold from his vault. This observation led the audacious goldsmith to lend out 10 times more chits than he actually possessed in gold. That meant that nine tenths of his loans were backed by nothing of value, merely conjured up out of thin air. And if 10% of his depositors ever returned for their gold he would have enough on hand to satisfy their requirements.</p>
<p>Life was suddenly becoming very rosy for the wily goldsmith. By charging interest on non-existing gold he extorted a vast fortune from his clients. Just like modern banking today.</p>
<p>But greed begets greed and it wasn&#8217;t long before the avaricious goldsmith began to ponder on a method to loan out chits backed by <em>no gold at all</em>. If he could pull this off he would surely become master of the world. Regrettably, events show that he has indeed pulled it off, and he is indeed master of the world.</p>
<p>It might have begun this way&#8230;</p>
<p>The goldsmith purchased some bread and savouries in his local bakery and the bill came to five shillings. He didn&#8217;t have cash on him but the baker, knowing he was good for the money, agreed to accept his IOU for 5s. When the miller came to the baker for payment for flour he also agreed to accept the goldsmith&#8217;s five shilling IOU in place of cash. And the miller in turn paid the farmer for his wheat with the IOU, and the farmer paid his labourer, and the labourer paid the innkeeper for beer, and so on and on&#8230;</p>
<p>The shrewd goldsmith noticed that his IOU never came back to him to be redeemed for five shillings in coin but was accepted and perpetually transmitted as cash by everyone in the community. What had cost the goldsmith nothing but a scrap of paper and ink was exchanged for valuable goods and services by all who accepted it.</p>
<p>In fact, the goldsmith had effectively stolen the labour and the goods of the baker, the miller, the farmer, and the others. He had contributed nothing to the production of wealth in the community but had undeservedly shared in its benefits. In the animal kingdom, such a freeloader would be known as a parasite or bloodsucker. In human terms he would be called a thief.</p>
<p>The goldsmith became excited about his experiment with his IOU. If only he could compel the government to make his IOUs legal tender and force the people to trade exclusively with them he would be wealthy beyond comprehension.</p>
<p>As time went by, the mega-rich goldsmith became even richer and his decadent offspring eventually evolved into the international banksters we know and detest today. Through their immense wealth this criminal banking cabal has come to wield unwarranted control over heavily indebted governments, businesses, and individuals throughout the world.</p>
<p><strong>The Banksters Control The World</strong></p>
<p>Sadly, today, the global banksters have finally realized the vile aspirations of the goldsmith – to issue IOUs backed by nothing of value whatsoever, and all with government approval and enforcement. The process took many years of scheming and planning and included strategic goals of infiltrating governments and debasing politicians and the judiciary.</p>
<p>President Franklin D. Roosevelt, whose family had a long history in banking, ended domestic convertibility of the U.S. dollar to gold in 1933 when he ordered the seizure of all gold held by private citizens and corporations and made it illegal for private citizens to possess gold. (Many people today believe Roosevelt exceeded his jurisdiction and is guilty of treason.)</p>
<p>The <em>coup de grâce</em> was delivered in 1971 when President Nixon unilaterally cancelled the direct convertibility of the U.S. dollar to gold for all international holders of U.S. currency, transforming the dollar into a <em>fiat currency</em>. <em>Fiat</em>, in Latin, means &#8220;Let it be done.&#8221; It means that the dollar was no longer convertible to gold or anything else of value and only had worth because the government decreed it so.</p>
<p>Because so many of the world&#8217;s currencies were fixed to the U.S. dollar, they quickly became <em>fiat</em> too. They are all backed by nothing and cannot be redeemed at the bank for gold or silver or anything else of value. They are perpetual IOUs that <strong>never</strong> have to be paid, just like the old goldsmith&#8217;s five shilling IOU.</p>
<p>The banks create these currencies at virtually no cost to themselves and people are forced by government decree to exchange their goods and services for them, in effect giving up their priceless life&#8217;s energy to the banks for worthless bits of paper. In this way, the banksters steal the labour of billions of people in what is the greatest robbery in the history of mankind.</p>
<p>Banksters control and manipulate the people of the world through debt. Most nations on the planet are prisoners to bank debt, debt created by the banksters out of thin air. Such nations and their peoples are no longer sovereign. They are effectively ruled by The Money Power. Proverbs 22:7 says, &#8220;The rich rules over the poor, and the borrower is the slave of the lender.&#8221; The international banksters have achieved what all the Hitlers, Caesars, and Alexanders have continually failed to achieve – total dominance of the people and the nations of the world.</p>
<p>Modern banking is a colossal Ponzi scheme.  95% of the money in the world today is created as a debt, a debt owed to private banks. This includes private debt, corporate debt, and government debt. Banking is a well-planned swindle that is totally rigged in favour of the banksters. And it is ingenious. When creating loans, the banksters only create the principal, never the interest. With long term loans, the interest can amount to one and a half times the principal or more. Over time, a mortgage of $200,000 might reach in excess of $500,000, including interest.</p>
<p>If the banks create $20 billion, say, in a given period, borrowers will have to pay back some $50 billion. How can they pay back more money than has actually been created? It is impossible, and that&#8217;s the way the banksters have designed it. Borrowers then have to borrow more and more money to increase the money supply to pay both the principal <strong>and</strong> interest on older loans, but that means more interest and then more borrowing to find more money to pay the new interest on the newer loans, and so on, <em>ad infinitum</em>.</p>
<p>Debt then grows exponentially until it become so huge that even the interest is unpayable. The banksters foreclose on their securities, in accordance with their premeditated Ponzi scheme, and the property and wealth of the world is increasingly transferred to them. It is all a game of Monopoly, except that the losses are for real and are utterly catastrophic in human terms. How many readers have actually beaten the banker in the board game of Monopoly? Not many, no doubt. The banksters have rigged the money game and they have chained us to a treadwheel of debt that turns faster and faster with every new loan.</p>
<p><strong>Who Is The Borrower And Who Is The Lender?</strong></p>
<p>Now, to get back to the great deception about the borrower and whether he or the bank is actually the lender&#8230;</p>
<p>Most people think that when they borrow money, the bank lends them its own money from its cash vaults. A good many think that this is depositors&#8217; money; some think it is money belonging to the bank&#8217;s shareholders. And others think the bank borrowed it from a bigger bank. (Where did the bigger bank get it from?)</p>
<p>In any case, all borrowers seem content to sign a pledge or promissory note saying that if they default on the loan the bank is entitled to seize their property to make up the losses it incurred by loaning them its money in the first place. And the borrowers believe that their pledged promissory notes are held by the bank in a secure vault until such time as a default occurs.</p>
<p>That is not the case at all.</p>
<p>Many borrowers will be disconcerted to find out that the bank is prohibited from lending out depositors&#8217; money, unless it has permission in writing from every one of those depositors. (Have you ever gone to your bank to withdraw your money and were told that the bank didn&#8217;t have it, that they&#8217;d loaned it to someone else? Never!) Banks are not permitted to lend shareholders&#8217; money either; that money must be lodged as reserves with the central bank. And it is illegal for most banks to lend out their own credit or to &#8216;kite&#8217; cheques.</p>
<p>So where does the bank get the money it &#8220;loans&#8221;?</p>
<p>The truth is that the bank doesn&#8217;t have any money to lend you. When you walk in the door, their eyes light up because you&#8217;ve brought the money with you. What they need from you is your signature, on a loan application or promissory note. While you may think you&#8217;ve just given them a signed pledge to pay them back their money, you&#8217;ve actually given them a signed cheque for the full amount of the loan.</p>
<p>The promissory note you&#8217;ve gifted to them is a negotiable instrument that a bank can quickly convert to cash, sell to an investment bank, or use to purchase government bonds. The bank treats your promissory note like a cheque and stamps the back of it &#8220;pay to the order of ABC bank, without recourse&#8221; and lodges it in a transaction account in your name, as an asset of the bank. (But they don&#8217;t tell you that.)</p>
<p>We know that promissory notes are valuable and are used to fund loans because the Federal Reserve Bank tells us so. In <em>Modern Money Mechanics</em>, published by the Federal Reserve Bank of Chicago, it says on page 6:</p>
<p>&#8220;[The banks] do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers&#8217; transaction accounts. Loans (assets) and deposits (liabilities) both rise by [the amount of the loan]. Reserves are unchanged by the loan transactions. But the deposit credits constitute new additions to the total deposits of the banking system.&#8221;</p>
<p>There is a lot of information in those six sentences. Here we have it confirmed from the Fed itself, one of the biggest central banks in the world, that money is not loaned out of customers&#8217; deposits because <em>no additional money would be created</em>. Therefore, each new loan must create new money. In order to bring this new money into existence the bank monetizes your promissory note and lodges it as an asset of the bank. Of course, they also balance it on their books as a liability because this money is legitimately owed back to you.</p>
<p>The key word in the above excerpt from <em>Modern Money Mechanics</em> is &#8220;<strong>exchange</strong>&#8220;. The bank enters credit in your account <span style="text-decoration:underline;">in exchange</span> for your promissory note. So, when you signed up for a loan you actually <strong>gave</strong> the bank the money to fund it.</p>
<p>The Fed clearly says that <em>reserves are unchanged by the loan transactions</em>, confirming that they did <strong>not</strong> loan you any of their money. The money unquestionably came from you. Again the Fed clearly states that your promissory note <em>constitutes new additions to the total deposits of the banking system.</em> The Fed further admits that it is you, the borrower, who funds the loan when they say that<em> assets and liabilities both rise by the amount of the loan</em>. This can only happen when new money is deposited with the bank – your money. Assets and liabilities would never both rise if the bank loaned you existing funds belonging to its depositors or its shareholders.</p>
<p>Banks are obliged to follow Generally Accepted Accounting Principles (GAAP), or equivalent standard, a method of accounting that lies at the core of the double-entry bookkeeping system called the Matching Principle. They use the &#8220;T&#8221; account format whereby assets are matched by liabilities and must always balance to zero.</p>
<p><em>Modern Money Mechanics</em>, page 5, states:</p>
<p>&#8220;The basic working tool is the &#8220;T&#8221; account, which provides a simple means of tracing, step by step, the effects of these transactions on both the asset and liability sides of bank balance sheets. Changes in asset items are entered on the left half of the &#8220;T&#8221; and changes in liabilities on the right half. For any one transaction, of course, there must be at least two entries in order to maintain the equality of assets and liabilities.&#8221;</p>
<p>Therefore, when a bank accepts bullion, coin, currency, cheques, drafts, promissory notes, or other similar instruments from clients, it deposits or records the instruments as assets of the bank. At the same time, it must record offsetting liabilities that match those assets. These liabilities represent the amounts that the bank owes the clients, i.e., funds that originally came from clients themselves.</p>
<p>For example, if you lodge $1,000 cash or a cheque with the bank, it records this deposit on the left side of the &#8220;T&#8221; ledger as an asset of the bank, to be used in any way the bank sees fit. But at the same time, the bank records a liability to itself on the right side of the ledger, representing a similar amount that is owed back to you. In reality, you have loaned the bank $1,000 and you fully expect to get it back.</p>
<p>When the bank receives your promissory note it treats it similarly to a cash or cheque deposit; it records the note as an asset of the bank and records a matching liability in a transaction account in your name (without telling you).  According to the bank&#8217;s bookkeeping records, its assets have gone up by the full amount of the promissory note but, at the same time, its liabilities show that it owes this same amount of money back to you. You have <strong>gifted</strong> the bank the full amount of the &#8220;loan&#8221; that you are seeking from them. Because you are unaware of what you&#8217;ve done, the bank takes full advantage of your ignorance and unlawfully holds on to your money.</p>
<p>The bank then withdraws your money (after forging your signature), and issues you a cheque from the Liability side of its ledger, pretending that the &#8220;loan&#8221; came from the bank. In fact, the whole deal never cost the bank a cent; they effectively plundered your labour of a lifetime, as in the case of a large loan. That means that 20 or 30 years of onerous toil and endeavour can be summarily stolen from you by a bankster with a stroke of a pen – or a few clicks of a mouse. And if you default on the payments he will come and steal your property as well, aided and abetted by the courts and the police. Is that a diabolical scheme or what?</p>
<p>Some people wonder what gives value to their signatures on promissory notes. A lot of it goes back to the early 1930s when America became insolvent, soon followed by the rest of the world, but we&#8217;ll explore that in more detail in Part 2 of this trilogy.</p>
<p>In short, what makes a promissory note valuable is the fact that you are pledging your future labour to pay off a loan. Your signature is worth a lot of money. And, in the case of a mortgage, you are consenting to pledge security such as your house, which gives significant tangible value to the document. Quite often, the banks will sell your promissory note to another financial institution, even before you receive a cent of your &#8220;loan&#8221;.</p>
<p>Your signed promissory note is similar to an IOU, just like the $20 note in your pocket, or £20 or €20, depending on whatever fiat currency operates where you happen to live. And just like the notes in your pocket your promissory note has a stated denominational value. If private banks can create money as IOUs that will never be paid , why can&#8217;t you? If private banks are never called upon to honour or redeem their IOUs, why should you?</p>
<p>It should be noted, and further explored, that some researchers (particularly Canadian) speculate that a bank can make some 300% profit or more on a mortgage by: a) monetizing the loan application form, b) securitizing the mortgage deed, c) receiving upfront credits from the central bank for principal <strong>plus</strong> total interest, and d) charging the strawman fund account. (More about that in Part 2.)</p>
<p><strong>The Judiciary As Willing Dupes Of The Banksters</strong></p>
<p>We mentioned earlier that the banksters are aided and abetted by the legal system in conveyancing titles and in foreclosures of mortgages. Most borrowers are told not to date the Mortgage Deed/Title Deed whenever they sign up for a loan. Did you ever wonder why?</p>
<p>The short answer is that you cannot pledge something as security when you don&#8217;t own it. It is illegal. Imagine if your neighbour pledged your house as security for a loan that he took out with your local bank. Would you call the police?</p>
<p>When you are in the process of buying a property and are asked to sign the Mortgage Deed, you are giving a charge on that property to the bank. But you don&#8217;t own the property at that particular time of the mortgage process. How can you legally authorize a charge on property that does not belong to you? You can&#8217;t.</p>
<p>Before you can authorize a charge on the property, the seller must convey the property to you free of all liens and encumbrances. How can he pay off existing mortgages or charges if he hasn&#8217;t received any money from you yet? He can&#8217;t.</p>
<p>In short, how can you legally mortgage the property to the bank as collateral when neither you nor the seller has received a cent of the &#8220;loan&#8221; promised by the bank? You can&#8217;t. It is impossible for the seller to obtain clear title if he has not been paid any money and it is impossible for you, the buyer, to mortgage a property that does not belong to you.</p>
<p>This could be sorted out very easily if the bank used its own money to pay the seller. The bank would then have a legitimate claim to the property and would be entitled to hold your promissory note as security to protect its risk. Such a process would be crystal clear and transparent. In fact, that&#8217;s what most borrowers believe happens today when they take out a loan.</p>
<p>But the whole procedure is a lot more complex and devious than that. The deceitful loan practices employed by banks leaves them and their attorneys with a legal conundrum to solve: how do they transfer title from the seller to you without using the bank&#8217;s money and without alerting you to the scam?</p>
<p>What they do is issue a cheque from the proceeds of your promissory note (converted, or monetised, from your loan application form) to pay off the seller&#8217;s liens and charges. The seller does not know that his property, still legally in his name, has now been cleared of all debts.</p>
<p>The next step is to convey the property to you now that the title is clear and free of all liens and encumbrances. When that&#8217;s done, the property is now yours and has no debts attached. You paid for it with your promissory note. It did not cost the bank a cent. But they do not tell you that.</p>
<p>The bank won&#8217;t inform you that you legally own the property until they can get a legal charge registered in their name. They then compel you to assign them an interest in your property, even though they contributed nothing of value to the deal. It was your money that funded the entire process.</p>
<p>They make you sign a second promissory note, with the mortgage deed attached, and this becomes a valuable asset to the bank. (Note: this process will differ somewhat from country to country, but the outcome is always the same – you unwittingly fund your own loan and the bank makes a killing.)</p>
<p>The whole process is a swindle and if you had written the proper date when you signed the mortgage document the fraud would have been soon exposed. The bank&#8217;s lawyers will fill in the date when all the paperwork has been completed and juxtaposed to conceal the deception. This reflects dismally on the integrity of the legal profession.</p>
<p>And when it comes to foreclosures, the legal profession is again required to come to the aid of the conniving banksters. In a foreclosure hearing, the bank is supposed to produce the original Promissory Note. They rarely do, because they have sold it on and are not Holders In Due Course. Therefore, they are not a party of interest and have no standing in a court of law – but they will bluff the mortgagor and the court. Also, they don&#8217;t want you to see how they have profited from the sale of your note. What they produce is a &#8220;certified copy&#8221;, photocopied before they monetized the original.</p>
<p>Judges usually allow the banks to foreclose on this basis of fraud while at the same time ignoring the borrowers&#8217; demands that the bank pays them back for their misappropriated Promissory Notes. This is a blatant setting aside of preferences. Judges also refuse to compel the banks to present a sworn copy of the accounting which would clearly show where the money originally came from. There are statutes which require the bank to produce the accounting – in the U.K., for example, the Banker&#8217;s Books Evidence Act (1879). But it&#8217;s entirely at the discretion of the judge. His decision in each individual case will show you who he&#8217;s really working for.</p>
<p><strong>The Huge Fraud of Securitization</strong></p>
<p>Another reason the banks won&#8217;t produce the original documents is that they&#8217;ve shredded them to cover up glaring deficiencies and fraud in their securitization of mortgages. Although the United States Supreme Court ruled over a hundred years ago that a mortgage without the original note is unenforceable in foreclosure, the banks are now presenting a plethora of &#8220;lost note affidavits&#8221; to con the courts into helping them kick millions of people out of their homes. This is in spite of the fact that the originating bank is now merely a servicer of the mortgage and is not a legitimate party of interest, having sold the mortgage to a securitization entity.</p>
<p>According to Wikipedia:</p>
<p>&#8220;Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said debt as bonds, pass-through securities, or Collateralized Mortgage Obligation (CMOs), to various investors. The principal and interest on the debt, underlying the security, is paid back to the various investors regularly. Securities backed by mortgage receivables are called mortgage-backed securities, while those backed by other types of receivables are asset-backed securities.&#8221;</p>
<p>Some years ago, the banksters set up MERS (Mortgage Electronic Registration System), to facilitate them in evading tax and to avoid paying recording fees to local counties. The sums saved by the banks are astronomical; billions and billions of dollars in unpaid taxes and fees desperately needed by cash-strapped county authorities. The banksters decided unilaterally that once they recorded the mortgage electronically with MERS, they no longer needed the original paperwork. Furthermore, the paper left a trail that could catch them up in their fraud. So they destroyed hundreds of thousands, perhaps millions, of original mortgage documents.</p>
<p>What typically happens in securitization is that the banks sell their mortgages to investors who pool a block of these mortgages in a trust. The trust is known as a REMIC (Real Estate Mortgage Investment Conduit) which allows the investment banks to take advantage of tax exemptions. But to avoid paying county recording fees, MERS claims that <strong>it</strong> is the holder of the mortgage loans and continues to trade them without paying fees or filing the appropriate paperwork whenever there is a change of investor.</p>
<p>How could MERS and the REMIC both be holders of the mortgages? According to the law and established property practices for the past 500 years, there must be a clear paper chain of title every time the mortgage changes hands. Without the original notes the securitization may not be legal and the properties cannot be foreclosed upon. MERS says it is the holder, but has no paperwork to prove it and therefore has no standing to foreclosure. But if MERS is the holder then the REMIC is a vehicle for tax fraud!</p>
<p>What a lot of people don&#8217;t realize – and some courts do not appear to realize (or pretend not to) – is that once a mortgage is securitized it is no longer a mortgage. It becomes a stock and forever loses its security. It is illegal for a mortgage to be both a loan and a security. This is a securities fraud known as &#8220;double dipping&#8221;. If a mortgage could be both a loan and a security the owner could sell the loan to any number of securitization investors and cheat shareholders out of their money.</p>
<p>When a mortgage is securitized the originator, or lending bank, no longer owns the asset and cannot foreclose on the property – even though it may have a servicing agreement with the investors. The investors cannot foreclose because each individual investor only owns a tiny part of the mortgage – according to the law, one has to own the complete mortgage in order to foreclose. Furthermore, when the mortgage passes on to other investment banks or fund owners (as is the norm) the changes of ownership are rarely, if ever, recorded. This breaks the lawful chain of title and makes foreclosure unenforceable.</p>
<p>If a bank buys back a mortgage in default from the investors, at pennies in the dollar, and tries to foreclose, it cannot prove standing when challenged by a knowledgeable &#8216;borrower&#8217; in court. These &#8216;borrowers&#8217; have found out that the debt was undoubtedly written off by the investors for tax credits and is now dead. It cannot be resurrected. You can&#8217;t unboil an egg. That means that the bank has no standing unless it produces counterfeit documents and has them accepted by the court.</p>
<p>There is now much evidence of  the banks and their lawyers paying young people (robo-signers) to forge signatures on counterfeit mortgage documents by the tens and hundreds of thousands to bluff the courts and push through foreclosures. This is massive fraud on the part of MERS and the big banks.</p>
<p>But lately, a handful of courageous judges have shown that they won&#8217;t buy into this fraud and have found against the banks and for the mortgagors in a number of landmark decisions. Some of these judges are Judge Grossman, federal bankruptcy court system in New York, Judge Long in Massachusetts, Judges Schack and Spinner in New York, and a few others. The judges are demanding to see the original &#8220;wet-ink&#8221; signatures on the original Promissory Notes and Mortgage Deeds as well as a properly recorded chain of title. But the banks can&#8217;t produce the necessary documents.</p>
<p>Astoundingly, tens of millions of properties are in limbo with no one knowing or able to prove who really holds title. We have seen in the news an increasing number of outrageous incidents where banks have tried to foreclose on homes whose mortgages have already been paid off or homes that were originally bought for cash, full price down. We also have had cases of two or more banks trying to foreclose on the very same property at the same time. It is a national scandal.</p>
<p>The banks screwed up big time. The holders of the trillions of dollars of securities are entitled to present them to the originating banks and demand their money back. This could bring the whole banking industry down with a gigantic crash. But some cynics believe the banksters will do what they&#8217;ve always done &#8211; buy off Congress to pass new laws to save them from their own corruption and greed.</p>
<p><strong>Government Borrowing</strong></p>
<p>Governments borrow in much the same way as individuals and corporations. In the United States, the Treasury Department gives the banksters at the Federal Reserve their promissory notes, i.e., government bonds. The Fed lodges these valuable documents as assets and, in exchange, gives the government credit. The government now owes the Fed, a <strong>private</strong> corporation, a whopping pile of money <strong>plus</strong> interest which must be paid by the long suffering U.S. taxpayer.</p>
<p>This is another crazy situation where the borrower is actually the lender. It is utter madness to give money to a private corporation like the Fed who then returns it to the government as a debt and then has the gall to demand that it be repaid with interest. Wright Patman, who served as chairman of the House of Representatives Committee on Banking and Currency for 40 years until the time of his death in 1976, tried for 20 years to repeal the Federal Reserve Banking Act of 1913. Patman once said in Congress:</p>
<p>&#8220;When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money&#8230;</p>
<p>&#8220;I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue.&#8221;</p>
<p>A predecessor of Patman&#8217;s, Louis McFadden, was also chairman of the House Committee on Banking and Currency, from 1920 to 1931. McFadden used stronger language than Patman when talking about the Federal Reserve. He said:</p>
<p>&#8220;We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the nation&#8217;s debt. The depredations and iniquities of the Fed has cost enough money to pay the national debt several times over.&#8221;</p>
<p>McFadden once tried to impeach the Secretary of the Treasury, two assistant Secretaries of the Treasury, and the Board of Governors of the Federal Reserve. Although a banker himself, he was a thorn in the side of the Fed and spoke out about their criminality at every opportunity. McFadden died in mysterious circumstances in 1936 after surviving two previous attempts on his life.</p>
<p>One of the most concise and eloquent speeches showing up the absurdity and corruption between the Fed and the U.S. Government and exposing their collusion in money creation, comes from the inventor, Thomas A. Edison:</p>
<p>&#8220;If our Nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good also. It is absurd to say that our country can issue $30 million in bonds, and not $30 million in currency. Both are promises to pay: but one promise fattens the usurer, and the other helps the people.&#8221;</p>
<p>That is the whole problem and solution in a nutshell!</p>
<p>When a government issues bonds, its &#8220;promises to pay&#8221; are very valuable documents. What makes them valuable is that they are backed by the &#8220;full faith and credit&#8221; of the people. In other words, the people are promising their future labour and are pledging the value of their property and all the public property and natural resources of the nation.</p>
<p>All a bank does is to take these valuable bonds and <em>exchange</em> them for bank credit, at no cost to the bank. Furthermore, it charges interest on the full amount.  It actively and willingly conspires to steal the property and labour of an entire nation, past labour, present labour, and future labour. These banksters are nothing but contemptible criminals.</p>
<p>What this really means is that a country&#8217;s national debt is owed not to the banksters who stole it, but it is owed to the people, from whom <strong>all</strong> credit arises. Banks cannot create credit. They steal it from the people and pretend that it came from them. Therefore, most governments on the globe should pay back the national debt to their people, the rightful originators of the nation&#8217;s money.</p>
<p>If the U.S. national debt is some $14 trillion dollars, and the population is approximately 300 million, then every man, woman, and child should each be paid $46,666 by the government. This would clear the national debt and put money into every pocket and give the economy a huge boost.</p>
<p>This should be done in conjunction with the complete reformation of the banking industry. The power of money creation must be taken from the banksters and returned to the people. The awesome power to create money has been commandeered for generations by a few dozen banking families who now control most of the wealth of the world. Not only must this travesty be stopped but it must also be reversed.</p>
<p>There are three major branches of government, legislative, executive, and judicial. A fourth, and perhaps most important, should be added – a monetary branch. The power to create money by the people of a nation will give them full control and sovereignty over their own economy and financial affairs and negate the loss of sovereignty that occurs when nations borrow from the international banksters. Such a reformation will promote peace and prosperity and lead to an unimagined Golden Age in the spiritual development of mankind.</p>
<p>If Greece or Ireland or Spain or the U.S. or any other country could issue its own currency there would be dramatic changes in a very short time:  return to full employment; greatly improved public health; widespread prosperity; state of the art infrastructure, technology, and transportation; cheap, sustainable green energy; and peace and contentment never before seen in all of history.</p>
<p>The American Monetary Institute (AMI) has come up with a detailed plan which has been fully incorporated in a bill introduced by Representative Dennis Kucinich, Bill H.R. 6550, also referred to as the ‘National Emergency Employment Defense Act of 2010′.  (See <a href="../2011/02/16/this-monetary-reform-bill-will-surely-loosen-the-banksters-bowels/">http://foolscrow.wordpress.com/2011/02/16/this-monetary-reform-bill-will-surely-loosen-the-banksters-bowels/</a>) or visit the AMI&#8217;s website <a href="http://www.monetary.org/">www.monetary.org</a></p>
<p>Stephen Zarlenga of the AMI says that this monetary reform bill is based on three crucial areas, all of which must occur if the reform is to be truly effective.</p>
<p>1.  Incorporate the Federal Reserve System into the U.S. Treasury where all new money is created by government as money, not interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary.</p>
<p>2.  Halt the banks&#8217; privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit is converted into U.S. government money. Banks then act as intermediaries accepting savings deposits and loaning them out to borrowers; what people think they do now.</p>
<p>3.  Spend new money into circulation on infrastructure, including education and healthcare needed for a growing society, starting with the $3 trillion that the American Institute of Architects estimate is needed for infrastructure repair (roads, bridges, railroads, water systems, sewer systems, etc.); creating good jobs across the nation, re-invigorating local economies and re-funding government at all levels.</p>
<p><strong>A Handful Of Banking Families Control The World</strong></p>
<p>After imposing the above reforms a country should also withdraw from the IMF/World Bank, the World Trade Organization (WTO), and the Bank for International Settlements (BIS).</p>
<p>These organizations are a facade for the <em>de facto</em> rulers of the world, a handful of banking families who control all global finance and banking. The founding father of these unprincipled banksters, Mayer Amschel Rothschild, once bragged, &#8220;Permit me to issue and control the money of a nation, and I care not who makes its laws.&#8221;</p>
<p>His equally braggart son, Nathan, also boasted, &#8220;I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.&#8221;</p>
<p>There exists only a few hundred of these despotic banksters, with extended families only a few thousand at most. These are the villains who have fomented wars, famines, depressions, recessions and never-ending turmoil for their own ends. They are the ones who engineered the present economic chaos in order to shift the collective wealth of the middle classes into their own pockets. It is not so much for money and property – which they have in abundance &#8211; as it is for total control over the people of the world.</p>
<p>Some of these Machiavellian bankster families include:</p>
<p>The Rothschilds</p>
<p>The Rockefellers</p>
<p>The Warburgs</p>
<p>The Schiffs</p>
<p>The Lazards</p>
<p>The Israel Moses Seifs</p>
<p>The Oppenheimers</p>
<p>The Kuhn Loebs</p>
<p>The Goldman Sachs</p>
<p>The Lehmans</p>
<p>The Stillmans</p>
<p>As stated, these banking racketeers own or control the worlds&#8217; central banks, the IMF, the World Bank, and the BIS. Through these powerful institutions they effectively control the governments and economies of the world. Wherever you live, your government runs the economy not for the benefit of you and your fellow citizens but for the selfish interests of the banks and their shareholders.</p>
<p>Dean Henderson says that the BIS &#8220;is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations.&#8221; (<a href="http://www.globalresearch.ca/index.php?context=va&amp;aid=25080">http://www.globalresearch.ca/index.php?context=va&amp;aid=25080</a>)</p>
<p>According to Henderson, the BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, <em>Nederlandsche</em> Bank, <em>Bundesbank</em> and Bank of France.</p>
<p>Henry Liu, an economic critic, writes: &#8220;BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. . . . The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS.&#8221;</p>
<p>Historian Carroll Quigley, a professor at Georgetown University, wrote in his much-quoted book <em>Tragedy and Hope</em> that the BIS was part of a plan, &#8220;to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.&#8221;</p>
<p>The BIS is not accountable to any national government, audit, control, or regulation. It was established by the Hague agreements of 1930 and its main architects were Montagu Norman, Governor of the Bank of England, and Hjalmar Schacht, later to become Adolf Hitler’s finance minister. The original board of directors included two high-ranking Nazi officials, Walter Funk and Emil Puhl, and <em>IG Farben</em> industrialist Herman Schmitz, and Baron von Schroeder, banker to the Gestapo, all of whom were convicted of war crimes after World War II.</p>
<p>The BIS has long been a suspect organization and is tainted by collaboration with the Nazis during the War.  The BIS laundered gold for Hitler, much of it plundered from the occupied countries of Europe.  The BIS also laundered gold stolen from Jews and other &#8216;undesirables&#8217; who were incarcerated in concentration camps like Auschwitz, Birkenau, and other notorious prisons. Today, it is associated with global drug money laundering.</p>
<p>Yet this is the very global central bank that sets the reserve ratio and interest rates for banks in almost every country in the world. It policies affect nearly every human being on the planet, usually adversely. If it can dominate the money of the world then it can dominate the governments and peoples of the world.</p>
<p>The World Bank and IMF are two other piratical organizations that have plundered entire countries to enrich their bankster controllers. To quote John Perkins, author of <em>Confessions of an Economic Hitman:</em></p>
<p>&#8220;The World Bank is a tool of economic hit men, there is no question about it. It&#8217;s the tool of big corporations, the IMF and most of what we call intelligence agencies of the United States, CIA and NSA&#8230; All of these organizations are basically tools of what they call the corporatocracy. The men and a few women who run the biggest and most powerful corporations also run most of the government. Economic hit men help channel the resources of organizations like the World Bank and the IMF, the NSA and the CIA to support the larger agenda.&#8221; (Quote from an interview with <em>TheDailyBell</em>.<em>com</em>)</p>
<p>When asked about the IMF, Perkins replied:</p>
<p>&#8220;It&#8217;s a servant of the corporatocracy, of economic hit men. One of my jobs as an economic hit man was to identify countries that had resources like oil and arrange huge loans for those countries from the World Bank and sister organizations. But the money would never go to the actual country; instead it would go to our own corporations to build infrastructure projects in that country like power plants and industrial parks; things that would benefit a few very wealthy families.</p>
<p>&#8220;So then the people of the country would be left holding this huge debt that they couldn&#8217;t repay. We would come back and say, &#8216;Well, since you can&#8217;t repay your debt, you have to restructure your loan.&#8217; That&#8217;s when the IMF comes in. So the World Bank makes the original loan and IMF shows up and says, &#8216;We&#8217;ll help you restructure your loan, but in order to do that you have to meet certain conditionalities. You have to sell your oil or whatever the coveted resource is at a cheap price, to the oil companies without restrictions.&#8217; Or they would suggest the country sell electric utilities, water and sewage, maybe even your schools and jails to private multi-national corporations. Or maybe allow military bases to be built; these sorts of things.&#8221;</p>
<p>Political commentator Hans Schicht proposes a solution. Writing in <em>gold-eagle.com</em> in 2008, he says:</p>
<p>&#8220;The western monetary system is based on fraud&#8230;All the robber barons should be put behind bars.  The Central Banks, the IMF, the BIS abolished.  All banks and financial institutions expropriated.  All stolen assets confiscated and either returned to their rightful owners or the proceeds re-directed to cover the nation’s expenses for many years to come to the benefit of the tax-payer.  Financial laws should be re-written and financial crime made part of common crime.  All debts should be cancelled and <strong>Debt declared illegal</strong>.  Like <strong>physical slavery was abolished so should debt slavery</strong>.&#8221; [Emphasis in original.]</p>
<p><strong>A Revolutionary Solution – Stop Paying The Banks! – Lawfully!</strong></p>
<p>Hans Schicht&#8217;s solution has a lot of merit. But what can we, the common citizens, do right now to end this global banking thievery and criminality?</p>
<p>We can start today by <strong>lawfully</strong> stopping all payment to corrupt banksters. We can <strong>lawfully</strong> write off our existing &#8216;debts&#8217; to these criminals. We can start to bring the whole rotten edifice come crashing down by withdrawing our support for these criminal institutions.</p>
<p>Many people are becoming aware that most bank loans, mortgages, car loans, credit card debt, etc. are illegitimate and fraudulent, as explained earlier in this article. Tens of thousands of borrowers – who are really the lenders – are now challenging the banksters to validate their so-called loans. The banksters are unable to validate these &#8216;loans&#8217; because they never loaned any of their own money in the first place.</p>
<p>People are writing to the banks and financial institutions in their tens of thousands, perhaps hundreds of thousands, asking for three documents:</p>
<p>1.  The original contract with the &#8216;wet ink&#8217; signatures of both parties.</p>
<p>2.  A sworn copy of the accounting, under penalty of perjury and on the respondent&#8217;s commercial liability, showing that the loan came from the bank.</p>
<p>3.  A validation of the debt in the form of an affidavit or a signed invoice.</p>
<p>This writer has never heard of a single case where a bank responded with any of the above requested documents.</p>
<p>Why is this?</p>
<p>1.  A contract signed by both parties does not exist. The bank never signed the loan contract for at least two reasons; a) it did not want to leave itself open to being sued for contracting to loan money it had no intention of loaning, and did not indeed loan, and b) a contract is not a negotiable instrument – it cannot be sold, as a Promissory Note can.</p>
<p>Therefore, a unilaterally signed contract is not valid in law and is unenforceable.</p>
<p>Other elements that must be present in a valid contract are:</p>
<p>i) Equal Consideration: You put up your promissory note and your property – the bank put up <strong>nothing</strong> of its own. That makes the contract, if one existed, invalid.</p>
<p>ii) Full Disclosure: Did the bank tell you it put up no money of its own but used your promissory note to fund the &#8216;loan&#8217;? This too invalidates the so called contract.</p>
<p>iii)  Lawful Terms and Conditions: Taking the above fraud into consideration, how could there possibly be Lawful Terms and Conditions?</p>
<p>2.  The bank&#8217;s auditor will not give a sworn document testifying that the bank loaned you its own money because he knows that such a declaration would be false and perjurious and land him in jail for a considerable spell.</p>
<p>3.  The bank will not issue an affidavit or a signed invoice for the same reason as in the above paragraph. An invoice is an itemised list of goods or services provided. There were no goods or services provided and to issue an affidavit or invoice for non-existing goods or services is blatant fraud! Remember that under the Bills of Exchange Act 1882 one does not have to pay on foot of a statement but only on an invoice, a <strong>signed</strong> invoice. (In the USA negotiable instruments are covered by the Uniform Commercial Code, Sections 3 and 4.)</p>
<p>Some &#8216;borrowers&#8217; are progressing much further in seeking retribution from the banks. If the banks cannot provide the documents requested, thereby substantiating their loans, the &#8216;borrowers&#8217; are attaching commercial liens to the banks&#8217; property and assets in order to recover the money they were cheated out of <strong>plus</strong> three times the principal in commercial injuries. Also, punitive damages, if pursued, could amount to as much as 200 times the principal.</p>
<p>Let&#8217;s be perfectly clear about all of this. Modern banking is the most gigantic act of criminality ever imposed on mankind, deviously designed for the abject enslavement of the many for the huge enrichment of the few.</p>
<p>You can play your part in destroying this immoral institution by challenging the banksters to validate their &#8216;loans&#8217; to you. Collectively, the power and determination of the people will tear down this despicable construct and trample it into oblivion. It is the root cause of almost all the ills besetting the peoples of the earth.</p>
<p>The current financial chaos across the globe was deliberately engineered by the banking mandarins to inflict a one world currency on us all. This would centralise and consolidate their control and make them masters of global finance and the entire world economy. We would then become <strong>totally</strong> enslaved in a dark pit of debt.</p>
<p>But they have made a fatal miscalculation! They hadn&#8217;t reckoned on so many people across the planet becoming aware of their sordid conspiracy. This rapidly spreading global awareness will thwart all their scheming and plotting. The good and decent people of the world will prevail over the wicked princes of Mammon. The people will trample the banksters&#8217; odious monetary system underfoot and install an honest system that will work for the greater good of all humanity. The people now have the necessary information. The people now have the motivation. The people can make it happen!</p>
<p><strong>A word of caution</strong>. The information given here is not meant as legal or financial advice. What may work for one person may not work for another. Use this information as a basis for further education. Get up off your gluteus and work to inform yourself. Believe in yourself. Believe in your own immense power. Start making changes in the world for the betterment of the generations who are coming. Take courage; be not afraid, for we are many and they are few. And we have something that they can <strong>never</strong> counteract – the Truth!</p>
<p>Be mindful of the words of Albert Einstein: &#8220;The world is a dangerous place to live; not because of the people who are evil, but because of the people who don&#8217;t do anything about it.&#8221;</p>
<p><strong>Further reading:</strong></p>
<p><a title="Blank of Ireland" href="http://www.blankofireland.com/" target="_blank"><strong>Blank of Ireland</strong></a></p>
<p><strong><a title="Billions For The Bankers..." href="http://www.rense.com/general61/bbil.shtm" target="_blank">Billions For The Bankers&#8230;</a></strong></p>
<p><a title="Mary Croft's Book" href="http://www.rense.com/general61/bbil.shtm" target="_blank"><strong>Mary Croft&#8217;s Book</strong></a></p>
<p><a title="Top Secret Bankers' Manual" href="http://autismtreatmentnow.com/Secret_Banker%27s_Manual.pdf" target="_blank"><strong>Top Secret Bankers&#8217; Manual</strong></a></p>
<p><a title="Secrets of Credit Card Termination" href="http://freespeech.freeblogit.com/files/2009/01/secrets-of-credit-card-debt-termination.pdf" target="_blank"><strong>Secrets of Credit Card Termination</strong></a></p>
<p><strong>Sites To Visit</strong>:</p>
<p><a title="Get Out Of Debt Free" href="http://www.getoutofdebtfree.org" target="_blank">Get Out Of Debt Free</a></p>
<p><a title="Free The Planet" href="http://freetheplanet.net" target="_blank">Free The Planet</a></p>
<p><a title="Spiritual Economics Now" href="http://spiritualeconomicsnow.net" target="_blank">Mary Croft&#8217;s Site</a></p>
<p><a title="Love For Life" href="http://loveforlife.com.au/" target="_blank">Love For Life</a></p>
<p><strong><em>(Next part of the trilogy: </em><em>Beware The Risen People, Part 2 of 3: Who Is The Greatest Threat To Your Health, Wealth, And Freedom? &#8211; Your Own Government!)</em></strong></p>
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<p><a title="" href="#_ednref1">[1]</a> A term coined by President Martin Van Buren</p>
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<p><a title="" href="#_ednref2">[2]</a> A term from the Great Depression of the 1930s, a contraction of &#8216;banker&#8217; and &#8216;gangster&#8217;</p>
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<p><a title="" href="#_ednref3">[3]</a> See on YouTube: <a href="http://www.youtube.com/watch?v=xBct7pN9Ytg">http://www.youtube.com/watch?v=xBct7pN9Ytg</a></p>
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		<title>This Monetary Reform Bill Will Surely Loosen The Banksters&#8217; Bowels</title>
		<link>https://foolscrow.wordpress.com/2011/02/16/this-monetary-reform-bill-will-surely-loosen-the-banksters-bowels/</link>
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		<pubDate>Wed, 16 Feb 2011 19:44:32 +0000</pubDate>
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		<description><![CDATA[On December 17th, 2010, Congressman Dennis Kucinich (D-OH) introduced one of the most radical monetary Bills presented to the House of Representatives since the Federal Reserve Act of 1913. Designated as Bill H.R. 6550, this proposed Act is also referred &#8230; <a href="https://foolscrow.wordpress.com/2011/02/16/this-monetary-reform-bill-will-surely-loosen-the-banksters-bowels/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=76&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>On December 17<sup>th</sup>, 2010, Congressman Dennis Kucinich (D-OH) introduced one of the most radical monetary Bills presented to the House of Representatives since the Federal Reserve Act of 1913. Designated as Bill H.R. 6550, this proposed Act is also referred to as the &#8216;National Emergency Employment Defense Act of 2010&#8242;.</p>
<p>Kucinich&#8217;s Bill includes the following astounding objectives: &#8220;to restore the authority of Congress to create and regulate money&#8230; [and to] retire public debt&#8230;&#8221;</p>
<p>One needs to read that again.</p>
<p><strong><em>Restore the authority of Congress to create and regulate money? Retire public debt?</em></strong></p>
<p>Does that really say what it seems to be saying?</p>
<p>What a revolutionary Bill!</p>
<p>H.R. 6550 is much more far-reaching than Ron Paul&#8217;s valiant attempt to audit the Federal Reserve. This Bill would take us back 175 years to Andrew Jackson who killed central banking in the United States and became the last president to pay off the National Debt. And it would take us back to Abraham Lincoln who, 150 years ago, instructed the Treasury to bypass the banks and issue some 450 million debt-free &#8216;greenbacks&#8217; to pay for the Union war effort during the Civil War.</p>
<p>Kucinich&#8217;s Bill, if enacted as written, would take the power of money creation away from the banksters and return it to Congress as the Founding Fathers had originally intended. And in no time, the National Debt would be fully paid off with debt-free, interest-free U.S. Treasury dollars.</p>
<p>Such a scenario has long been the stuff of banksters&#8217; nightmares. According to a London Times editorial in 1865, alarmed at the success of Lincoln&#8217;s greenbacks, &#8220;[America] will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world&#8230;That country must be destroyed or it will destroy every monarchy on the globe.&#8221;<a href="#_edn1">[1]</a></p>
<p>And if Congressman Kucinich and his sponsors are successful, America will indeed <strong><em>become prosperous without precedent in the history of the world</em>. </strong>And the other nations of the world will follow suit.</p>
<p>The enactment of Bill H.R. 6550 is sure to create an epidemic of incontinence among the banksters throughout the world. The sale of toilet paper and adult diapers is sure to rise as the term &#8220;Cover your ass&#8221; takes on a <em>whole</em> new meaning. Wall Street especially will smell like an Arkansas hog ranch as the financial elite vacate their offices along with their bowels.</p>
<p>For those lucky enough to live in South Dakota, it would be interesting to mosey on over to Mount Rushmore and see if Tom Jefferson and Abe Lincoln have broken into huge smiles.</p>
<p>While Representative Kucinich is to be congratulated for his courage, intellect, and patriotism in presenting this Bill, special recognition should go to Stephen Zarlenga and his colleagues at the American Monetary Institute (AMI) for doing much of the groundwork over the past number of years. (Visit <a href="http://www.monetary.org/">www.monetary.org</a> for the text of H.R. 6550 and for a 32 page AMI precursor to the Bill.)</p>
<p>Stephen Zarlenga, co-founder of the American Monetary Institute, has 35 years experience in finance, securities, insurance, mutual funds, real estate, and futures trading and is the author of the widely acclaimed 700 page tome, <em>The Lost Science Of Money.</em> Zarlenga and the AMI have been working on the genesis of this Bill for some time. Representative Kucinich has been a regular attendee and speaker at AMI events in Chicago for the last few years and has incorporated their monetary reform document in his Bill, H.R. 6550.</p>
<p>This monetary reform is based on three crucial areas, all of which must occur if the reform is to be truly effective.</p>
<p>1.  Incorporate the Federal Reserve System into the U.S. Treasury where all new money is created by government as money, not interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary.</p>
<p>2.  Halt the banks&#8217; privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit is converted into U.S. government money. Banks then act as intermediaries accepting savings deposits and loaning them out to borrowers; what people think they do now.</p>
<p>3.  Spend new money into circulation on infrastructure, including education and healthcare needed for a growing society, starting with the $3 trillion that the American Institute of Architects estimate is needed for infrastructure repair (roads, bridges, railroads, water systems, sewer systems, etc.); creating good jobs across the nation, re-invigorating local economies and re-funding government at all levels.</p>
<p>In <em>Section 2 a), Findings</em>, Kucinich targets the malfeasance and abysmal record of the Federal Reserve. The following selected paragraphs give a flavour of his controlled anger and serious intent.</p>
<p><em>(19) This ceding of Constitutional power [to the Federal Reserve] has contributed materially to a multitude of monetary and financial afflictions, including—</em></p>
<p><em>(A) growing and unreasonable concentration of wealth;</em></p>
<p><em>(B) unbridled expansion of national debt, both public and private;</em></p>
<p><em>(C) excessive reliance on taxation of citizens for raising public revenues;</em></p>
<p><em>(D) inflation of the currency;</em></p>
<p><em>(E) drastic increases in the cost of public infrastructure investments;</em></p>
<p><em>(F) record levels of unemployment and underemployment; and</em></p>
<p><em>(G) persistent erosion of the ability of Congress to exercise its Constitutional responsibilities to provide resources for the general welfare of all the American people.</em></p>
<p><em>(20) A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008.</em></p>
<p><em>(21) Banks pyramided their value by spending money into existence, greatly inflating the value of bank holdings, inflating the value of their asset bases, enticing unknowing investors to participate in financing schemes like the bundling of subprime mortgages, and ultimately bringing undercapitalized banks and the entire financial system to the edge of ruin, creating circumstances where the taxpayers of the United States were called upon to save the banks from their own imprudent money-issuing practices, misspending and mis-investments. The banks’ ability to create money out of nothing ultimately became the taxpayers’ liability, and raises a fundamental question about a practice of money creation which threatens the wealth of the American people.</em></p>
<p><em>(22) Abolishing private money creation can be achieved with minimal disruption to current banking operations, regulation, and supervision.</em></p>
<p><em>(23) The creation of money by private financial institutions as interest-bearing debts should cease once and for all.</em></p>
<p><em>(24) Reclaiming the power of the Federal Government to create money, and to spend or lend money into circulation as needed, eliminates the need to treat money as a Federal liability or to pay interest charges on the Nation’s money supply to financial institutions; it also renders unnecessary the undue influence of private financial institutions over public policy.</em></p>
<p><em>(25) Under the current Federal Reserve System, the persons responsible for the conduct of United States monetary policy have been unaccountable to the Congress and the Nation, have resisted auditing by the General Accounting Office, and have claimed exemptions from some Federal statutes, including the Civil Rights Act of 1964, that apply to all agencies of the Federal Government.</em></p>
<p><em>(26) The conduct of United States monetary policy by the Board of Governors of the Federal Reserve System, and specifically the failure of Board members to safeguard the financial system against wholesale fraud and abuse of citizens, demonstrates the risks of maintaining a system wherein the power to create and regulate money has been delegated to private individuals who are unaccountable to the People of the United States in any way, even through their representatives in Congress.</em></p>
<p><em>(29) As our money system is a key pillar in maintaining general economic welfare and as the Federal Reserve System and its private banking partners has consistently failed to promote or preserve the general welfare, it is essential that Congress, in the name of protecting the economic lives of the American people and the long-term security of our Nation, reassume the powers and responsibilities granted to it by the Constitution.</em></p>
<p>Hear! Hear! All freedom-loving Americans would chant. This legislation should be studied and supported for the redemption it offers to us all, especially the poor and the down-trodden.</p>
<p>Not only Americans, but the entire world should sit up and take note of Dennis Kucinich&#8217;s revolutionary Bill. Citizens in other countries should download copies for their own political representatives and agitate for reform in their own countries. This Bill, if enacted, has the capability of creating widespread prosperity, peace, and goodwill.</p>
<p>Here in Ireland we are in the middle of a General Election campaign where there is much debate and controversy about banking fraud, the collapse of the economy, and the involvement of EU/IMF predators who are intent on eating us alive. Not one of our so-called future leaders of the State has presented us with an intelligent, effective alternative to the banksters&#8217; grip of death.</p>
<p>And the mainstream media, with all its political debates, opinions, op-eds, and pontificating economics gurus, has not offered a single original or radical idea. Why not? Are they all so lacking in intelligence and innovation? Are they all so hopelessly under-informed about the history of banking and economics?  Or do they all belong to the banksters, body and soul, and have been charged with keeping revolutionary new ideas out of the public domain?</p>
<p>Ireland sorely needs a Dennis Kucinich, or a single politician of integrity who will run with his baton. Is it possible to find such a creature among our gaggle of chancers and deadbeats? We&#8217;d better not hold our breath.</p>
<p>Nonetheless, let&#8217;s all hope that Congressman Kucinich prevails with this Bill and that it will not be defeated or emasculated by those in the pay or the influence of the Money Power.</p>
<p>With the enactment of Bill H.R. 6550 the world may not become a Utopia overnight, but it will certainly move us a lot closer to the joyous abundance of the Garden of Eden since the day Adam and Eve got the boot.</p>
<div><a href="#_ednref1">[1]</a> This quote is attributed to Lord George J. Goschen, Director of the Bank of England and later, Chancellor of the Exchequer.</div>
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		<title>Irish Leaders Castigated As Greatest Traitors Of All Time</title>
		<link>https://foolscrow.wordpress.com/2011/01/04/irish-leaders-castigated-as-greatest-traitors-of-all-time/</link>
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		<pubDate>Tue, 04 Jan 2011 13:24:27 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Anglo Irish Bank]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Bank of Ireland]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Bilderberg]]></category>
		<category><![CDATA[bondholders]]></category>
		<category><![CDATA[Brian Cowen]]></category>
		<category><![CDATA[Brian Lenihan]]></category>
		<category><![CDATA[Celtic Tiger]]></category>
		<category><![CDATA[Dermot Gleeson]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[euro collapse]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[Irish Government]]></category>
		<category><![CDATA[Paul Gallagher]]></category>
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		<description><![CDATA[by Gabriel Donohoe The Irish Government has recently passed the harshest budget in the history of the State with further austerity promised for the next three years and perhaps for decades. Prime Minister Brian Cowen and Finance Minister Brian Lenihan &#8230; <a href="https://foolscrow.wordpress.com/2011/01/04/irish-leaders-castigated-as-greatest-traitors-of-all-time/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=63&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>The Irish Government has recently passed the harshest budget in the history of the State with further austerity promised for the next three years and perhaps for decades. Prime Minister Brian Cowen and Finance Minister Brian Lenihan have steered Ireland from the booming prosperity of a Celtic Tiger to a ruined shell of a country where unemployment, poverty, emigration, and despair are proceeding to destroy a once proud, industrious people.</p>
<p>Cowen and Lenihan also bear the ignominy of having brought in the International Monetary Fund who, along with EU banksters, are now dictating Irish fiscal policy. The IMF has long had a vulturish reputation for plundering weaker countries by stripping the flesh of its victims down to the bare bones. This repulsive scavenger is well known for promoting austerity and misery, grabbing national assets for its bankster and corporate friends, and leaving the skeleton of a country&#8217;s economy in its wake. The first piece of offal to be plucked from the Irish carcass by this opportunistic carrion eater was the nation&#8217;s €20 billion pension fund, the life savings of working people.</p>
<p>As a result of Ireland&#8217;s dramatic reversal of fortune the names of Brian Cowen and Brian Lenihan are now being reviled as the villains who inflicted horrendous financial disaster upon the Irish people and forced the enslavement of future generations to a criminal cadre of International Banksters.</p>
<p>The words &#8216;treason&#8217;, &#8216;traitors&#8217;, and &#8216;treachery&#8217; are being increasingly used not only by ordinary citizens but also by certain politicians, economists, business leaders, and celebrities. &#8216;Economic treason&#8217; was a term used by the leader of the Labour Party to describe Cowen and Lenihan&#8217;s blanket guarantee to the banks. And, incredibly, even the country&#8217;s ostensibly non-partisan police association, the GRA, accused the government of &#8216;treachery&#8217; and denounced it as a &#8216;government of national sabotage&#8217;.</p>
<p>Today, Cowen and Lenihan are being compared to other traitors in history like Vidkun Quisling, a Norwegian politician who assisted the Nazis to conquer his native country; General Benedict Arnold, an American soldier who changed sides during the Revolution and betrayed his country to the British; and even Judas Iscariot, who betrayed his Master for 30 pieces of silver.</p>
<p>In Ireland, the names of Cowen and Lenihan now evoke the same revulsion as that reserved for Dermot MacMurrough, a 12th century King of Leinster who has been loathed for over 8 centuries as the man who brought the first English invaders to Ireland. In 1167, after a dispute with other Irish kings which led to his forced exile, MacMurrough persuaded an English army under the command of the Earl of Pembroke, known as &#8216;Strongbow&#8217;, to invade Ireland and help him take his kingdom back.</p>
<p>MacMurrough died 3 years later and Strongbow declared himself the King of Leinster. Thus began the beginning of a British military occupation that would last for over 800 years and cause countless thousands of Irish deaths and condemn many generations of Irish men and women to utter misery, slavery, famine, and financial and religious tyranny. It is not easy for anyone to incite more odium in the hearts of the Irish people than that of the back-stabber Dermot MacMurrough.</p>
<p>And yet Brian Cowen and Brian Lenihan are reviled with the same detestation as that accorded the traitorous 12th century King of Leinster.</p>
<p>What did Cowen and Lenihan do to earn such public loathing?</p>
<p>On September 29th, 2008, a momentous event occurred. That evening, four of the most senior executives of Ireland&#8217;s two largest high street banks, Dermot Gleeson and Eugene Sheehy of Allied Irish Bank (AIB) and Brian Goggin and Richard Burrows of Bank of Ireland (BOI), called to Government Buildings for a hastily convened meeting with the Prime Minister, Brian Cowen, and the Minister for Finance, Brian Lenihan. Also present was the Irish Attorney-General, Paul Gallagher.</p>
<p>The banksters were frantic. As the property bubble was beginning to burst, their main rival, Anglo Irish Bank, was in serious trouble and the huge loss of liquidity could bring down the country&#8217;s entire financial system. Like Anglo Irish, AIB and BOI also had massive exposure to the developers and all were in danger of imminent collapse. The banksters implored the Government to do something, immediately, before the money markets opened the following morning.</p>
<p>Having received such stark news from the banksters, Cowen and Lenihan knew they had to move quickly and decisively. They would have to act, and be seen to act, without bias and without favouring any special interest groups. Their first duty was to ensure the welfare of the nation as a whole and to safeguard the financial interests of all the Irish people.</p>
<p>But in this they failed utterly. One special interest group, the banksters, prevailed spectacularly over the interests of the Irish people. How did the banksters manage to wield such inordinate influence over crucial governmental policy?</p>
<p>A key disturbing fact about this meeting was never commented upon in the mainstream media. On the government side of the table sat Paul Gallagher, the Attorney-General, legal adviser to the Irish Government. On the banksters&#8217; side of the table sat Dermot Gleeson, the AIB chairman and himself a former Irish Attorney-General. But, apart from both men holding the senior law office of the land, a more sinister connection between them remained undisclosed. They were both Bilderbergers.</p>
<p>For those who haven&#8217;t heard of the Bilderbergers, they are a brotherhood of unelected international banksters, corporatists, politicians, and others who meet secretly every year to formulate and manipulate world policy in finance, economics, trade, and any other area that they can control for their own selfish, globalist interests.</p>
<p>It may well be that the presence of the two Bilderbergers, Gleeson and Gallagher, was just a coincidence but, considering such incredibly high stakes, it can be argued that Gallagher&#8217;s attendance as Attorney-General at such a crucial meeting generated a monumental conflict of interest. His Bilderberger connection clearly compromised him as legal adviser to the Irish Government, especially when his Bilderberger pal, Gleeson, was about to be on the receiving end of a whopping government bailout.</p>
<p>After a surprisingly short discussion with some members of the cabinet, the Attorney-General, and top civil servants, Cowen and Lenihan arrived at an ominous decision. They decided that the Government would guarantee <em>all the liabilities</em> of six Irish banks – not just customer and interbank deposits but also the <em>full exposure of all bondholders!</em> This amounted to some 450 billion euro, an astronomical figure which, if ever called upon, would destroy the country.</p>
<p>With the stroke of a pen Cowen and Lenihan shifted hundreds of billions of private debt incurred by greedy, fraudulent banksters and dumped it onto the backs of the Irish people. This was an incredible act of treachery against the Irish nation. What could possess these two politicians to put their people into impossible debt and penury – perhaps for generations – just to save a few mega-rich banksters from taking a loss on their reckless gambling? Was it utter ineptitude or was it something more sinister than that?</p>
<p>As Marcellus said to Horatio in Shakespeare&#8217;s <em>Hamlet</em>, &#8216;Something is rotten in the State of Denmark.&#8217; He said &#8216;Denmark&#8217;, but he might well have been describing present-day Ireland. This bank guarantee deal stinks to high heaven!</p>
<p>Inflicting a risk exposure of €450 billion on the Irish nation was tantamount to state suicide. The willing and needless placement of an entire people into such peril could only be the result of criminal incompetence or criminal collusion. There could be no other explanation, except, of course, criminal insanity. Take your pick. Are Cowen and Lenihan criminally inept, corrupt, or insane?</p>
<p>To put the enormity of the hazard to the nation into perspective let&#8217;s compare it to U.S Treasury Secretary Hank Paulson&#8217;s 2008 bank bailout of $700 billion which was then strenuously opposed by the great majority of the American people. The Irish bailout was the equivalent of more than $585 billion dollars, not a far cry from the $700 billion that so appalled and angered most Americans. Consider that the U.S. has a population of 300 million while Ireland only has a population of less than 4.5 million, much the same as the state of Louisiana.</p>
<p>At 3.30am the four bankers left. According to Shane Ross, author of <em>Bankers</em>, they had &#8216;put the gun to the Government’s head and the ministers had delivered.&#8217;</p>
<p>Ireland was aghast. Cowen and Lenihan said the bailout was necessary to preserve Ireland&#8217;s creditworthiness with &#8216;the markets&#8217;. This was hogwash and was said so by many people at the time, including leading economists. (The fallacy of the ministers&#8217; thinking is borne out by the approach of the plucky Icelandic people who refused to take on private bankster debt and whose economy is now in a much healthier position than that of Ireland.) But Lenihan persisted with the bailout declaring that it would be &#8216;the cheapest bailout in history&#8217;. Those words, like the ghost in <em>Hamlet</em>, would soon come back to haunt him.</p>
<p>Cowen and Lenihan then proceeded to pour taxpayers&#8217; money into the banks, capitalizing the high street lenders to the tune of some €13.5 billion. This figure did not even include the requirements of Anglo Irish Bank, the biggest culprit of fraudulent lending, who Lenihan said could be saved with a €4 billion bailout. As time progressed the Minister of Finance continually revised his figures upwards, going to €12 billion, €18 billion, €24 billion, and now the figure is hovering around €35 billion. The Irish people will never see a single cent of the tens of billions poured into that black hole that is Anglo Irish Bank. This cannot be described as anything other than an act of outrageous criminality.</p>
<p>Another fiasco in the making, the brainchild of Lenihan and Cowen, is NAMA (National Asset Management Agency), set up to restore the banks&#8217; balance sheets by buying their toxic loans to the tune of some €54 billion of taxpayers&#8217; money. This is another huge and needless risk that is likely to go disastrously wrong and which hangs eternally over Irish taxpayers like the Sword of Damocles. The slightest miscalculation and the sword falls – with devastating effect.</p>
<p>This writer, and many others, pointed out at the time that there was a much better short-term solution to the Irish banking problem. The Government could have let the banks fail – that&#8217;s what happens in capitalism when businesses are reckless or make mistakes &#8211; and set up a state bank. A state bank could have created all the credit the country needed with a much, much smaller outlay. Through fractional reserve lending, a bank can create some twelve and a half times the amount of credit that it holds in assets. For example, if a state bank is capitalised with €10 billion it can lend out €125 billion. With only €20 billion in capital a state bank could create and lend out <em>€250 billion</em>. This would have boosted Irish businesses and given the economy a huge injection and would have obviated the need to go back to the exploitative money markets.</p>
<p>(It is important to point out that this would be a short-term solution only. The real cause of global financial chaos and prohibitive national debt is the permitting of private banking cartels to create a nation&#8217;s money, money that is based on debt and bears interest and which makes an immense fortune for the international banksters – to the impoverishment of the people.)</p>
<p>But Cowen and Lenihan seemed not to be focussed on what was good and efficacious for the people of Ireland but on how to save a few criminal banksters from incurring gigantic losses.</p>
<p>Before the bank guarantees, Ireland had a manageable sovereign debt. But after taking on the private debts of reckless, fraudulent banksters Cowen and Lenihan drove Ireland into insolvency. Interest on Irish government bonds rose dramatically and threatened to destabilise the Euro. Uncertainty about Ireland&#8217;s ability to handle its deficit caused unrest in Portuguese and Spanish bond markets. There were concerns too about Belgium and Italy. The EU, fearful that panic and contagion would spread and collapse the Euro, bullied the Irish Government into taking a joint EU/IMF bailout. The high placed members of the self-serving Brussels elite were willing to impose hardship and needless austerity upon the people of Ireland in order to save their precious Euro and to preserve their positions of opulence and power.</p>
<p>The Irish economy per se did not need a bailout, but Irish banks did. The IMF does not lend to banks but only to sovereign countries. (That way, they can force a country to bleed its taxpayers to get their money back.) Cowen and Lenihan then proceeded to sell the idea of an EU/IMF loan to the country as a &#8216;rescue package&#8217; for the Irish nation. This was a complete lie. It was a rescue package mainly for German, British, and French banks who had recklessly and greedily loaned billions to Irish banks during the Celtic Tiger boom.</p>
<p>David McWilliams, Irish economist, broadcaster, and writer, says of the IMF, &#8216;It is not here to bail us out; it is here to bail [the banks] out. The bailout is a bailout for the banks of Germany and France and the Irish taxpayer foots the bill. It is that simple. And where will the EU and IMF money come from? It will be borrowed from the very investment banks that will be bailed out. So they will get interest payments from us, in order that we pay for their mistakes.&#8217;</p>
<p>This view is echoed by Dr. Constantin Gurdgiev, adjunct lecturer in Finance at Trinity College, Dublin, who likens the ECB/IMF bailout to &#8216;corporate welfare&#8217; (as opposed to social welfare). &#8216;It&#8217;s worse than corporate welfare, it&#8217;s corporate welfare with a massive moral hazard loaded on top. This is an undemocratic, corporatist transfer of wealth from ordinary citizens to a tiny group of people: bank bondholders&#8230;&#8217;</p>
<p>Just who are these precious bondholders that Cowen and Lenihan would bind and bankrupt the country in order to make up their &#8216;gambling&#8217; losses?</p>
<p>Senator and presidential hopeful David Norris tried to read out their names under parliamentary privilege in the Irish Senate but was quickly silenced. It seems that Cowen and Lenihan and the Irish Government do not want the people to know that they have been put into debt slavery for the benefit of some of the wealthiest, most fraudulent banksters in the world. The names of these bondholders are now a matter of public record, thanks to investigative journalists like Guido Fawkes (www.order-order.com).</p>
<p>Some of the more familiar names among the four score or so major bondholders are Goldman Sachs, one of the most despised banks on Wall Street whose name is synonymous with greed, sleaze, and fraud. Max Keiser, broadcaster and former broker &amp; options trader, says, &#8216;Goldman Sachs are scum. I mean that&#8217;s the bottom line. They have basically co-opted the U.S. Government, they have co-opted the Treasury Department, the Federal Reserve functionality. They&#8217;ve co-opted the Obama administration. And Barack Obama dances to Goldman Sach&#8217;s tune. They are really crooked and abominable in what they&#8217;ve done.&#8217;</p>
<p>Keiser continues, with remarkable candour, &#8216;Just remember, Hank Paulson held Congress hostage, took them in the back room and said give us $700 billion or we&#8217;re gonna crash the market. He&#8217;s an arsonist; he&#8217;s an outlaw. And yet he&#8217;s given praise. If you go down the list, they&#8217;re all Goldman Sachs scum, whether it&#8217;s Hank Paulson, whether it&#8217;s Geithner&#8230;you know Geithner has very strong ties to Goldman Sachs&#8230;and of course all these banking bonuses are paid out to all their cronies who are Goldman Sachs scum.&#8217;</p>
<p>Another Anglo Irish Bank bondholder is the Rothschilds Bank, Zurich; the Rothschild family are reputed to have owned half the wealth of Europe a century and a half ago – how much do they own now? And most of the remaining bondholders are worth an accumulation of <em>some twenty trillion euro</em>. An Irish default would involve such an insignificant fraction of their wealth that it would hardly cause them to raise their eyebrows. Yet Cowen and Lenihan forced crippling debt upon the Irish people for many years to come in order to repay the banksters every single cent of their reckless investments.</p>
<p>One great irony amid all this debt and despair is the great wealth recently discovered in the gas fields off the west coast of Ireland. The Corrib gas field alone is reckoned to be worth well over €420 billion, enough to pay off all of Ireland&#8217;s debts and make the country vastly rich. According to the Petroleum Affairs Division there is even more gas and oil off the west coast, perhaps as much as 13 trillion euro or beyond, enough to make millionaires of every man, woman, and child in Ireland.</p>
<p>What did the Irish Government do with this €420 billion windfall from the Corrib field? They gave it away to Royal Dutch Shell for nothing. Yes, nothing! In an incredible move, the government cut the State&#8217;s share from 50% to zero on all its offshore oil and gas and abolished all royalties.</p>
<p>Why would they do such a crazy thing?</p>
<p>For an answer to that you&#8217;ll have to ask the then minister, Ray Burke, who was later convicted and jailed for political corruption on other matters.</p>
<p>Royal Dutch Shell, with its monthly revenues fluctuating between $25 billion and $45 billion, certainly doesn&#8217;t need the money as much as the Irish people do. Royal Dutch Shell is a key Bilderberg asset; its principal shareholder is Queen Beatrix of Holland, a long-time member of Bilderberg which was founded by her father, Prince Bernhard, a former officer of Hitler&#8217;s SS. Giving these plutocrats billions, and perhaps trillions, in oil and gas for absolutely nothing is criminally obscene and utterly enraging. These energy resources rightfully belong to the Irish people and it&#8217;s not for individual politicians, whether corrupt or incompetent, to give them away for nothing.</p>
<p>Looking forward, there will soon be a new government in Ireland. It is now time for the Irish people to take a firm stand. In the coming election campaign they must warn incoming government hopefuls that there HAS to be radical change. The criminal pledges of an outgoing government of traitors MUST be dismantled and consigned to the trash can, along with their authors. The people will not stand for more of the same old bullshit gombeen politics; they are in no mood for mealy-mouthedness or ineffectual tinkering with a failed system. They demand nothing less than clear, decisive, and even ruthless change. They demand leaders of integrity, innovation, and courage. And they demand a decent living for themselves, their children, and future generations yet unborn. There can be no going back!</p>
<p>Actions that should be taken as a matter of urgency:</p>
<p>•	Defaulting on private bankster debt which is not a just or proper debt of the Irish people.<br />
•	Leave the Euro and return to the Irish Punt. (And consider leaving the EU altogether and take back control of our seas which have been plundered of hundreds of billions of euro of fish stock by other EU nations.)<br />
•	End Fractional Reserve Banking and take the power of money creation back from private, criminal banking cartels. The Government would then issue debt-free, interest-free money for the benefit of all the people.<br />
•	Spend this debt-free money on hospitals, education, sustainable green energy, ports &amp; harbours, transportation, roads, and infrastructure such as the 100+ year old water and sewage systems that are about to collapse.<br />
•	Take full control of all oil, gas, and mineral deposits on land and within our territorial waters.<br />
•	Pay a monthly dividend, or basic income, to every adult and child, such as that described in Social Credit or as explained in &#8216;The Cook Plan&#8217; by Richard C. Cook.<br />
•	Promote organic farming so that we are more self-sufficient and need to import less and less foreign foodstuffs.<br />
•	Encourage the use of natural medicines and natural health therapies so that the people have real freedom of choice.<br />
•	Reduce the number of seats in parliament, abolish the senate and useless quangos, and use the internet more to interface with our politicians and government.<br />
•	Make the Mainstream Media truly independent so that they will return to being the proper watchdogs of the people.<br />
•	Promote the arts and artists so that we may discover our true spiritual nature and live in peace and harmony and abundance on this wondrous planet of ours.</p>
<p>If a new Irish government implements the actions listed above, the country will quickly achieve unrivalled prosperity and contentment and could well become a guiding light for momentous reform in other nations of the world.</p>
<p><em>Pecunia, si uti scis, ancilla est; si nescis, domina.</em> (If you know how to use money, money is your slave; if you don&#8217;t, money is your master.)</p>
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		<title>Economists: The Unholy Priests of the Banksters</title>
		<link>https://foolscrow.wordpress.com/2010/11/03/economists-the-unholy-priests-of-the-banksters/</link>
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		<pubDate>Wed, 03 Nov 2010 14:42:50 +0000</pubDate>
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		<description><![CDATA[by Gabriel Donohoe &#8220;Political Economists,&#8221; according to Stephen Zarlenga in The Lost Science Of Money, &#8220;became the priesthood of the new Bank aristocracy, often serving as a propaganda apparatus to whitewash the monetary power structure. They put forward false ideas &#8230; <a href="https://foolscrow.wordpress.com/2010/11/03/economists-the-unholy-priests-of-the-banksters/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=48&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>&#8220;Political Economists,&#8221; according to Stephen Zarlenga in <em>The Lost Science Of Money</em>, &#8220;became the priesthood of the new Bank aristocracy, often serving as a propaganda apparatus to whitewash the monetary power structure. They put forward false ideas and smoke screens on the nature of money, primitive concepts that help entrench the bankers.&#8221;</p>
<p>Zarlenga blames the wreckage of the world economy on &#8220;the financial establishment and their economists&#8221; and describes the latter as being the mouthpieces of the &#8216;Money Power&#8217;. The reason why the corrupt system of modern banking has endured for so long despite its abysmal performance is because professional economists almost never point the finger at the banksters nor do they ever challenge the fraudulence of private, debt-based money creation or the outrageous deceit of fractional reserve lending.</p>
<p>Economists are schooled in bank-funded university economics departments where they are thoroughly indoctrinated in monetary theories. The Money Power ensures that economists are methodically trained in economic language and thought and are programmed to spout the official, approved version. Manipulation is the name of the game and contentious issues are ignored or distorted.  Proper evaluation of the history and function of banking is never allowed because that would throw up some very unsettling truths. Zarlenga compares political economists to medieval doctors &#8220;who theorized on how the body worked, but never dared to dissect the body and find out what was actually happening.&#8221;</p>
<p>Just as mules are the sterile offspring of asses and horses, economists are the barren progeny of banksters and corporatists. They are impotent when it comes to generating new thinking or new ideas outside of the current monetary system. Economists seem to be utterly incapable of meaningful monetary innovation and just cannot conceive of any systemic alternatives beyond that drilled into them in their bankster schools. Although they regard themselves as a different species from the banksters they really are one and the same. When one&#8217;s father is a donkey it is impossible to hide one&#8217;s pedigree; both have big ears and make the same braying sounds. Economists may argue and bluster and often appear critical of the banksters but for all their &#8216;hee-hawing&#8217; they never manage to utter a single predatory growl.</p>
<p>When economists appear on TV or radio or write in the print media, these &#8216;experts&#8217; argue heatedly and contradict one another and trot out conflicting solutions to our monetary woes. However, their pontifications rarely venture beyond the bounds of the existing monetary system, much to the delight of the banksters, as economists show no inclination whatsoever to challenge the fundamentals of a centuries old fraudulent practice of private, debt-based, interest-bearing money creation. Their debates can be hot and lively but in the end, utterly meaningless. Economists are much like the Big-Endians and Little-Endians in <em>Gulliver&#8217;s Travels</em> who argued ferociously over which end of the egg one should crack – the big end or the little end. This dispute was so fierce and bloody that it led to six rebellions with great loss of life, including that of the Emperor of Lilliput. And so it is with the empty polemics of economists.</p>
<p>Economists have been on the receiving end of the acerbic wit of no less a writer than George Bernard Shaw who said, &#8220;If all economists were laid end to end, they would not reach a conclusion.&#8221; Author and Investment Advisor, Peter Lynch, twists this quote a little more savagely: &#8220;If all the economists in the world were laid end to end, it wouldn&#8217;t be a bad thing.&#8221;</p>
<p>While Zarlenga is scathing about those economists who dance to the banksters&#8217; tune and promote confusion and division among the public at large he praises those few free-thinking economists who dare speak out about the failings and criminal deception of the banking industry. But, in a bankster-dominated world, enlightened economists are treated much differently from the banksters&#8217; own brood. Of the latter, Zarlenga says, &#8220;Some of the most ignorant and even the insane among them [such as Bonamy Price] were given important positions while the better minds were pushed aside or ignored by the money power.&#8221;</p>
<p>This writer came across a typical example of economist benightedness in a recent article in the Irish Independent by Professor Stéphane Garelli of the University of Lausanne (http://www.independent.ie/business/world/emerging-economies-hold-worlds-purse-strings-2349528.html). Professor Garelli is an economist and is currently the Director of the World Competitiveness Center at the IMD business school in Lausanne which publishes the annual World Competitiveness Yearbook. Garelli has a very impressive list of qualifications and achievements (http://www.garelli.ch/english/cv_complet.htm) but one can&#8217;t help wondering if the good professor may have been educated just a tiny jot beyond his intelligence.</p>
<p>Professor Garelli (quoting Raymond Barre, another economist) declares: &#8220;One of the few things we know about economics is that it has cycles &#8212; the problem is that we do not know when they start, how long they last and why they end.&#8221; Garelli goes on to assert: &#8220;The stigma of modern economics is that we still do not know how to avoid recessions and unemployment.&#8221;</p>
<p>Well, I&#8217;ve got news for you, Professor. Recessions are caused by central bankers intentionally contracting the money in circulation by calling in existing loans and refusing to issue new ones. If you don&#8217;t believe me, read Milton Friedman, recipient of the Nobel Prize for Economics. Dr. Friedman is on record saying that the Federal Reserve deliberately caused the Great Depression of the 1930s:</p>
<p>“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933…&#8221;  Milton Friedman , <em>Two Lucky People</em>, p233.</p>
<p>When asked about a single cause of severe economic depressions, Dr. Friedman responded:</p>
<p>&#8220;I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.&#8221;</p>
<p>It is incredible that Professor Garelli should admit that he does not know the cause of recessions. It is equally incredible that he should also admit that he does not know when economic cycles start, how long they last, or why they end. They are planned, dear Professor, planned and controlled by central bankers. There is abundant evidence to support this. The big boys of international banking decide when there will be bubbles and when there will be busts. That is how they get mega-rich.  They provide lots of cheap money (rather, credit) and when people are over-borrowed they call in loans, stop lending, and foreclose on defaulters.</p>
<p>Since 97% of the money in the world is created from debt, any loans paid off decreases the amount of money in circulation. And when no further loans are given, the circulating money stock falls dramatically, adversely affecting businesses and the economy at large. This intentional reduction of the money supply leads to widespread business failures, high unemployment, foreclosures on property, and severe hardship within the community. On the other hand, great wealth is transferred from defaulting borrowers to the banksters. It is an act of gross criminality and systematic fraud.</p>
<p>The banksters have occasionally been caught boasting about their abilities to cause recessions and depressions and how they can seize property from borrowers for mere cents on the dollar. This racketeering has been going on for generations. The private issuance of a nation&#8217;s money has given tremendous power to central bankers, a power so great that even democratically elected governments are subservient to them. Governments are not in control of the economy; it is the all-powerful banksters who create the money, determine interest rates, and decide who gets loans and who doesn&#8217;t.</p>
<p>Thomas Jefferson, keenly aware of the dictatorial power of private central banks, was instrumental in having Congress decline to renew of the charter of the First Bank of the United States in 1811. Nathan Rothschild, operating from London, threatened the young republic with war and financial disaster if the bank&#8217;s charter were not renewed. The charter was not renewed and, sure enough, the United States soon found itself embroiled in the War of 1812, with all its attendant loss of life and financial difficulties. Such is the alarming supremacy of rapacious international banksters.</p>
<p>To restore financial normality, President Madison granted a 20 year charter to a new central bank in 1816, the privately owned Second Bank of the United States. But then, in 1828, along came another president who shared Jefferson&#8217;s great distrust and opprobrium for central banks and banksters, one Andrew Jackson, a former army general known affectionately as &#8216;Old Hickory&#8217;, a national hero of the War of 1812.</p>
<p>Jackson refused to renew the charter of the Second Bank of the United States, even vetoing Congress who had approved its renewal. Nicholas Biddle, president of the bank, threatened Jackson that he would inflict a recession on the country if the president did not lift his veto on the charter renewal. Jackson still refused. Biddle, true to his word, called in bank loans and refused to issue new loans. The supply of money in the United States shrank dramatically.</p>
<p>Soon, Biddle&#8217;s engineered recession enveloped the whole country. Businesses failed and unemployment rose. But &#8216;Old Hickory&#8217; was not for turning, even after a would-be assassin, an Englishman called Richard Lawrence, attempted to murder him in January, 1835. Both the assassin&#8217;s pistols misfired and legend has it that &#8216;Old Hickory&#8217; then proceeded to thrash the man with his cane until restrained by his own aides. Jackson himself blamed the Rothschilds for the attempt on his life. In any case, the determined Jackson prevailed over the bank and its charter wasn&#8217;t renewed; it would be some 77 years before the central banksters could finagle another privately controlled central bank with the establishment of the Federal Reserve in 1913.</p>
<p>It is rare to get documented proof of the banksters&#8217; deviousness in causing recessions in order to enrich themselves at the expense of the people. But we do have a private memo from the American Bankers Association in 1891, the contents of which are actually recorded in the Congressional Record of April 29, 1913. Keep in mind that this memo was written in 1891, undeniable proof that the <em>Panic of 1893</em> was planned by the banksters a couple of years in advance:</p>
<p>&#8220;We are authorizing our loan officers from the Western States to loan on properties, monies repayable by September 1st, 1894. No fatal date is to exceed this date.</p>
<p>&#8220;On September 1st, 1894, we shall categorically refuse all loan renewals. On that day, we shall demand the repayment of our money, under penalty of foreclosure on collaterals.</p>
<p>&#8220;The mortgaged properties will become ours. (Money will have become scarce beforehand, and the repayments will have become generally impossible.) We&#8217;ll thus be able to acquire, at a price agreeable to us, two-thirds of the farms west of the Mississippi and thousands more east of this great river.</p>
<p>&#8220;We&#8217;ll even be able to possess three quarters of the western farms as well as all the money in the country. The farmers will then become land tenants only, just like in England.&#8221;</p>
<p>(Source &#8211; http://www.michaeljournal.org/bankphilo.htm )</p>
<p>So, you see, my dear Professor Garelli, recessions are deliberately caused by avaricious banksters for their own gain. These crooks care not a whit for the hardship and misery their greed inflicts on the people. They are conspirators and thieves and through their fraudulent actions they reveal the criminal philosophy upon which the entire banking system is founded. This contemptible philosophy still thrives on Wall Street and throughout the world and therein lies the source of all our global economic woes.</p>
<p>The people expect economists to keep a rein on the banksters and to keep them honest – well, at least more honest than they want to be. They also expect economists to advise governments on honest, effective, and socially rewarding economic practices. But you, Professor Garelli, and the vast majority of your colleagues, have let the people down. Whether through cowardice, ignorance, or dishonesty you have sided with the banksters and allowed these racketeers to enslave the people of the world in a lifetime of utterly unnecessary debt. Your failure to question the blatant dishonesty of modern banking and your reluctance to offer ethical alternatives has prevented a fair and equitable system of money creation from coming into being, an incorruptible system which would have brought economic freedom, opportunity, and prosperity to all.</p>
<p>Thankfully, not all economists sup from the banksters&#8217; trough. There are many economic reformers who are worthy of praise and attention. While glancing at the notes for this article the author comes across one Larry Bates, a former professor of economics, a bank president for eleven years, a member of the Tennessee House of Representatives, a chairman of a Committee on Banking and Commerce, and the author of a best-seller, <em>The New Economic Disorder</em>.</p>
<p>Bates says:</p>
<p>&#8220;The greatest shock of this decade is that more people are about to lose more money than at any time before in history, but the second greatest shock will be the incredible amount of money a relatively small group of people will make at the same time. You see, in periods of economic upheaval, in periods of economic crisis, wealth is not destroyed, it is merely transferred.&#8221;</p>
<p>Bates goes on:</p>
<p>&#8220;The Fed really is more powerful than the Federal Government. It is more powerful than the President, Congress, or the Courts&#8230;The Fed determines what the average person&#8217;s car payment and house payment is going to be and whether they have a job or not. And I submit to you – that is total control&#8230;&#8221;</p>
<p>Larry Bates hits it right on the head. &#8220;Total control.&#8221; The banksters want to maintain total control. They want the people to remain in ignorance. They don&#8217;t want them to know there is a much happier, beneficial alternative. They want to keep all of humanity submissive to them in lifelong debt slavery. And above all, they are terrified the people will somehow become aware of their outrageous conniving and criminality.</p>
<p>What we need now is more economists who will use their knowledge and training to show the people how they can take this reprehensible power away from the banksters and how they can formulate exemplary new ways of money creation that will deliver the people from the relentless treadmill of debt and give them a new birthright of freedom, happiness, and abundance.</p>
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		<title>Irish Government To Auction National Assets: Criminal Stupidity Or National Sabotage?</title>
		<link>https://foolscrow.wordpress.com/2010/09/19/irish-government-to-auction-national-assets-criminal-stupidity-or-national-sabotage/</link>
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		<pubDate>Sun, 19 Sep 2010 10:47:28 +0000</pubDate>
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		<description><![CDATA[by Gabriel Donohoe (This article is a follow-on to &#8220;Snakes And Banksters: A Tale of Reptilian Treachery&#8221;) The Irish Government is so hard up for cash that it is considering auctioning off national assets like state lands, buildings, state agencies, &#8230; <a href="https://foolscrow.wordpress.com/2010/09/19/irish-government-to-auction-national-assets-criminal-stupidity-or-national-sabotage/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=40&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>(This article is a follow-on to &#8220;Snakes And Banksters: A Tale of Reptilian Treachery&#8221;)</p>
<p>The Irish Government is so hard up for cash that it is considering auctioning off national assets like state lands, buildings, state agencies, and other valuables that belong to the Irish people.  The Government says that the money is needed to support economic growth and employment.</p>
<p>When the cash for the sale of these assets is spent, what then?</p>
<p>The State will still have no money and its assets will then be in private hands. The inherent wealth of the citizens of Ireland will have passed to the super-rich, a small class of people who already own most of the wealth of the island. The thrift, travail, and sacrifice of previous generations will be casually tossed aside. What would have been the legacy of future generations of Irishmen and women will now find its way into the bulging pockets of the banksters and the corporatists.</p>
<p>It is like a middle-aged couple selling their house and belongings to finance an extravagant lifestyle and then becoming homeless, leaving no inheritance for their children.</p>
<p>Selling the national assets will only serve to impoverish the Irish people yet further enrich a wealthy elite. It is either an act of criminal stupidity or one of national sabotage. It is criminally stupid because it strips the Irish people of national treasures which have become the foundation of the wealth of the nation while at the same time delivering no enduring gain.</p>
<p>It is national sabotage if the government is doing this merely to further the interests of their exploitist pals in banking and big business. Many national governments have shown themselves to be working not for the people who elected them but for the welfare of a powerful elite who buy politicians with party donations, post-politics employment, consultancy fees, holidays, and other bribes.</p>
<p>The big question is whether the Irish Government is brainless or corrupt. Either way, it is not acting in the interests of the people of the country.</p>
<p>Is there an alternative?</p>
<p>Absolutely! There is an alternative that will allow the Government to raise money without going into debt or paying interest and yet still keep all our national assets.</p>
<p>It is called monetization. Banks and financial institutions do it all the time to increase their capital reserves to enable them to lend (create) more money. If, for example, a bank owns property valued at €10 million it can create and loan, through the Fractional Reserve System, an amount of about €120 million in cash or credits.</p>
<p>A government can do the same. In Ireland, the state owns many billions of euro in property, parks, natural resources, and many other kinds of assets. All it needs to do is monetize only a small fraction of these. Let&#8217;s say it nominates certain state-owned buildings or land valued at €10 billion: it can then create some €120 billion in credits which it can loan out through a national bank set up for the purpose of creating employment and getting the economy moving again.</p>
<p>The state can thus create €120 billion <em>without </em>going into debt and <em>without </em>having to pay interest to any grasping bankster. This would be of <strong>enormous </strong>benefit to the welfare of the people and of great financial advantage to the State. Such a bank would enjoy universal confidence as it would be backed by the full faith and credit of the Irish Government and the Irish people.</p>
<p>A state-owned bank would work for the enrichment of all the citizens of Ireland, not just for the few shareholders of private banks. At the moment, private banks create almost all our money, set interest rates, decide whom they will lend to and whom they will not. This allows them to wield tremendous power and gives them the ability to override parliamentary decisions and government policy. In other words, unelected private banks decide national (and international) economic policy and governments are completely subservient to their every diktat. That is the key reason why the entire world is now in utter financial chaos.</p>
<p>But a government owned bank could operate in complete freedom from bankster influence. It could loan money to county councils, municipalities, farmers, fishermen, small businesses, and citizens at low interest rates and it could afford to be patient when times are hard. For example, if a business venture were not profitable or was even making a small loss, a state bank could continue to support it as long as it was providing jobs, bringing in tax revenue to the government, and keeping people off welfare which would be a drain on the exchequer.</p>
<p>Today, viable businesses are going bankrupt by the hundreds, families are losing their homes by the thousands, and workers are losing their jobs in their tens of thousands – all because private banking cartels choose, for selfish corporate reasons, not to lend to the business and private community but to stash their bailout money in &#8216;safer&#8217; gilt-edged investments. Banksters have no loyalty whatsoever to the state or its citizens. Their god is Profit, profit at any cost; huge dividends for their shareholders and obscene bonuses for their executives. The people be damned!</p>
<p>But a government bank could change the fortune of the state almost overnight. It could create enough money or generate as much credit as it needed, all without debt or crippling interest. Of course, that&#8217;s not to suggest that a state bank should throw money at every hare-brained scheme that is put before it. Borrowers would have to have a viable business plan and provide adequate security for the amounts sought. But, as opposed to private banks, a state bank could take more risks and accept lower profits where private banks will not. All profits accruing would go to the national exchequer or be re-invested as bank capital. Also, all government receivables would be lodged in the state bank, thus generating additional funds for future lending.</p>
<p>A state bank would lead us to national prosperity, full employment, improved infrastructure and resources, less national debt, and less taxes and allow us to emerge with renewed vigour and hope from the horrendous mess into which private banks have landed us.</p>
<p>The Government has already missed a huge opportunity to get us on the right road to wealth and prosperity when it threw billions of taxpayers&#8217; money into that black hole of criminality known as Anglo Irish Bank whereas a national bank could have created credit of more than €200 billion with the money that has already been squandered and lost forever.</p>
<p>It is plain that government ministers do not have a single innovative, intelligent thought between the whole lot of them, nor is there any sign of original or inventive thinking among the opposition parties who are poised to seize the mantle of government by default.</p>
<p>If this proposal, outlined above, is put before the government, do you think they will implement it?</p>
<p>No, they won&#8217;t.</p>
<p>Why?</p>
<p>Because the banksters would not allow it. It would put them out of business. And we all know by now, after the outrageous bank guarantees, bank recapitalization, the Anglo Irish Bank debacle, and NAMA, whom our politicians really work for.</p>
<p>We the people must force change. We must educate and bring forth dynamic new political creatures who will actually work for the good of the people rather than the present crop of scavengers who luxuriate in the laps of the banks and big business. We must boot the incumbents out of office and we must decline to elect their drooling cousins in opposition who are piddling themselves with excitement at the prospect of taking their turn at the trough.</p>
<p>Where do we start?</p>
<p>We can start by passing this article on to our friends and associates. We can discuss banking reform at home, at work, in bars and clubs, and in our community centres. We can explore what other reformers are saying by reading their books and pamphlets and by visiting their websites. A good place to start is by reading the following books: &#8220;Web of Debt&#8221; by Ellen Brown, &#8220;The Grip of Death&#8221; by Michael Rowbotham, &#8220;The Creature From Jekyll Island&#8221; by G. Edward Griffin, and &#8220;The Lost Science of Money&#8221; by Stephen Zarlenga.</p>
<p>Forget about the highly propagandized mainstream media which is controlled by a handful of mega corporations and switch to alternative TV news channels like Russia Today (Sky 512), Al Jazeera (Sky 514), and The Controversial Channel (Sky 201). (The latter seems to have gone off the air recently. Perhaps it was too controversial for the powers that be.) These channels may not give you the whole truth either but at least you will have much more balance in news and current affairs.</p>
<p>You could visit and subscribe to internet news sites like Jim Corr, Alex Jones, Global Research, Dandelion Salad, Sovereign Independent, OpEdNews, The Alliance for Natural Health, and a great host of others.</p>
<p>The thing is to get talking and to create a national forum where ideas can be exchanged and critiqued. The ideas posed in this article may be challenged, improved, expanded, adopted, rejected, or whatever. But what is clear is that we MUST instigate banking reform, total reform – not just tweaking the system here and there.</p>
<p>The idea of a National Bank should not be seen as the ultimate goal of monetary reform but as a stepping stone to achieve monetary justice and freedom. Banking is not a proper function of government; nevertheless, government intervention is required right now to clean up the mess that criminal banksters have foisted upon us.</p>
<p>It is, however, the proper function of government to create and issue a nation&#8217;s money, debt-free and interest-free. Such a course of action would make for a wealthier, happier, country that would break the shackles of the banksters and end a miserable 300 hundred year ordeal of debt slavery.</p>
<p>Abraham Lincoln was on the verge of achieving monetary freedom with his &#8216;greenback&#8217; programme which had enabled him to win the Civil War and preserve the union. He intended to continue with the U.S. Treasury issuing debt-free money, removing that power from private banks, but was assassinated only weeks into his second term. Who do you think was behind his murder?</p>
<p>Here is an amazing bankster inspired excerpt from an editorial in the London Times from 1865 which shows how terrified the banksters were of Lincoln and his &#8216;greenback&#8217; policy.</p>
<p>&#8220;If this mischievous financial policy, which has its origin in North America, shall become endurated [sic] down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.&#8221;</p>
<p>An incredible revelation from the London Times!</p>
<p>Listen to what the banksters are telling us, albeit inadvertently. Look what total banking reform will do for us! Ireland &#8211; or any country – &#8220;can furnish its own money without cost&#8230;will pay off debts and be without debt&#8230;will have all the money necessary to carry on its commerce&#8230;will become prosperous without precedent in the history of the world.&#8221;</p>
<p>Who wouldn&#8217;t want that kind of prosperity and contentment for their children and their grand-children? It is there within our grasp at this very moment. Why don&#8217;t we go for it? Right now!</p>
<p>In the next article we&#8217;ll discuss how we can achieve Total Banking Reform, for the good of Ireland and for the good of humanity in general.</p>
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		<title>Snakes And Banksters: A Tale of Reptilian Treachery</title>
		<link>https://foolscrow.wordpress.com/2010/08/16/snakes-and-banksters-a-tale-of-reptilian-treachery/</link>
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		<pubDate>Mon, 16 Aug 2010 10:55:08 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[adders]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banksters]]></category>
		<category><![CDATA[debt slavery]]></category>
		<category><![CDATA[excess reserves]]></category>
		<category><![CDATA[Fractional Reserve Lending]]></category>
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		<category><![CDATA[Irish banks]]></category>
		<category><![CDATA[mortgages]]></category>
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		<category><![CDATA[snakes]]></category>
		<category><![CDATA[state guarantees to banks]]></category>
		<category><![CDATA[treachery]]></category>
		<category><![CDATA[usury]]></category>

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		<description><![CDATA[What have snakes and banksters got in common? A cold-blooded tendency to satisy their own selfish lusts. To that end they would strike the hand that feeds them. Remember Aesop's fable about the boy and the half-frozen snake...? <a href="https://foolscrow.wordpress.com/2010/08/16/snakes-and-banksters-a-tale-of-reptilian-treachery/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=35&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>Irish banks have been tripping over themselves recently to announce yet more increases in mortgage rates.  The latest is Allied Irish Bank (AIB) who will now stick its borrowers for a further 0.5%. This follows a Bank of Ireland (BoI) increase of 0.45% last week which in turn follows other hikes in mortgage rates by financial institutions like Permanent TSB and EBS.</p>
<p>Consecutive mortgage increases this year alone have raised BoI&#8217;s variable rate to 3.49%, this at a time when the European Central Bank (ECB) has held its rates to 1% for the 15th month in a row. The increases will further pressurize already hard-pressed borrowers and will drive many of them into default to join the 30,000 homeowners who are now hopelessly in arrears. Widespread suffering and sacrifice is now the lot of the Irish people, all generated by the greed of the banksters.</p>
<p>Terence Flanagan, a spokesman for the main opposition party, Fine Gael, said:</p>
<p>&#8220;While the ECB rates remain unchanged, the banks have chosen to rip off variable mortgage holders to pay for their own reckless behaviour. Homeowners are at the pin of their collar trying to make mortgage repayments&#8230;These variable rate increases will exacerbate the problem.&#8221;</p>
<p>This act of treachery is how the banks have repaid Irish taxpayers for bailing them out of their own criminal recklessness to the tune of billions of euro. The bailout comes on top of generous state guarantees to the banks&#8217; depositors, guarantees underwritten by the taxpayers and without which the banks could not function.  The hard-earned money of the Irish people was used to save privately owned banks from huge losses, but now, having been restored to financial health, the ungrateful banks plunge their fangs into the veins of their saviours.</p>
<p>This is all so reminiscent of an old fable concerning a boy and a semi-frozen adder. (Isn&#8217;t it peculiar that an &#8216;adder&#8217; is a snake and it is also a colloquialism for a banker, an &#8216;adder&#8217; of figures.)</p>
<p>The boy found a snake almost frozen to death on a mountain path. The snake begged the boy to warm him up inside his jacket before he died from the cold.</p>
<p>&#8220;No,&#8221; said the boy. &#8220;If I pick you up, you will surely bite me.&#8221;</p>
<p>&#8220;I promise I won&#8217;t bite you,&#8221; the adder said. &#8220;What good would that do? You would die here on the mountain and so would I. Please warm me up inside your jacket.&#8221;</p>
<p>&#8220;All right,&#8221; the boy said. &#8220;I trust you then.&#8221;</p>
<p>The boy picked up the snake and continued on his journey, warming the adder inside his jacket. When the boy got to the base of the mountain he found that the snake had thawed out. As he removed the creature from his jacket the adder suddenly lashed out and bit the boy in the neck.</p>
<p>&#8220;Why did you do that?&#8221; the boy cried out, knowing he had been dealt a mortal wound. &#8220;And after I saving your life.&#8221;</p>
<p>&#8220;Boy,&#8221; the snake said, &#8220;you knew what I was when you picked me up. You should have known better. Don&#8217;t you know I can&#8217;t control my own nature?&#8221;</p>
<p>What a salutary lesson! Adders of the snake species and adders of the bankster species have much in common. Their cold-blooded reptilian nature separates them from the rest of humanity. It is their natural instinct to gorge themselves on easy prey, to kill without hesitation or compunction. That, as we have learned to our cost, is the essential nature of the beast.</p>
<p>And it has long been the nature of banksters to feed off the lifeblood of society. They have cunningly devised a monetary system that allows them to create money from debt; it is a magical system so cleverly designed that it entraps borrowers for all time. The banksters create the money of the world out of thin air but will only do so when a borrower pledges his indebtedness to them.</p>
<p>But, ingeniously, they don&#8217;t create the interest. Interest has to be paid back along with a principal sum that was created out of nothing. How can borrowers pay back interest that hasn&#8217;t been created and which doesn&#8217;t exist? They have to keep borrowing more and more to continually bring new money into circulation.  That is the only way they can come up with the interest on their loans. The whole scheme is a relentless treadmill of increasing debt that enriches the banksters and impoverishes the people. It is debt slavery, pure and simple. The peoples of the world are transformed into slaves of the banksters.</p>
<p>When the Irish banksters were challenged about these recent mortgage rate increases they responded that they were forced to raise the rates because they were losing money. They &#8216;regretted&#8217; the need to charge more but said they had to become profitable in order to help turn the economy around. These declarations of regret and protestations of civic-mindedness are completely disingenuous and nothing more than a crock of horse manure. They are as sincere as the tears of the crocodile before he devours his victim.</p>
<p>According to Michael Quirke, AIB&#8217;s Head of Mortgage Products:</p>
<p>&#8220;Funding availability on wholesale money markets for Irish financial institutions remains difficult. Unfortunately, we have little choice but to introduce this pricing change, which is a measured response to the significant challenges which must be overcome if we are to achieve an economic return on our loan book and thereby return to a sustainable business model&#8221;.</p>
<p>Brendan Nevin, BoI&#8217;s Director of Consumer Lending, explains the reasons behind the increases:</p>
<p>&#8220;Funding mortgages has become increasingly costly.  For example, we are paying more to customers for deposits than we are receiving for mortgages.</p>
<p>&#8220;As a result of this, our current mortgage pricing is unsustainable.</p>
<p>&#8220;While any increase is regrettable, we have no choice but to make this move to ensure we remain open for business and continue to support our customers and the Irish economy going forward.&#8221;</p>
<p>Re-read Mr. Nevin&#8217;s second sentence, &#8220;we are paying more to customers for deposits than we are receiving for mortgages&#8221;. Do you believe him? Do you think he&#8217;s telling porkie pies?</p>
<p>On the face of it, to the uninformed majority of borrowers, it might seem like Mr. Nevin is telling the truth. We&#8217;ll ignore for the moment the fact that banks can borrow from the European Central Bank at 1% and charge 3.49% for mortgages. Banks also need depositor funds so that they can leverage new loans into existence. Let&#8217;s say that they pay these depositors 5% interest on their savings. They would appear to be losing 1.51% if they then only charge 3.49% for mortgages.</p>
<p>But that is certainly not the case, not by a country mile.</p>
<p>Through the fraudulence of Fractional Reserve Lending, banks can create 10 to 12 times or more of new money based on customer deposits. According to the Bank for International Settlements (BIS) they must keep on hand a minimum reserve of 8% of deposits in case some customers want to withdraw their cash. The balance they regard as &#8216;excess reserves&#8217; and can be used to create new money as loans.</p>
<p>For example, a customer deposits €10,000. The bank holds €800 in reserve and can lend out €9,200. This is newly created money and exists alongside the original €10,000 which is still in the customer&#8217;s account. When the new €9,200 is deposited in the same bank, or any other bank, the bank holds 8% of that in reserve and can create a further €8,464 of new money. This can go on and on until some €125,000 of new money is created. And the original depositor still has €10,000 in his account.</p>
<p>So, if the bank paid their €10,000 depositor 5% interest, it would cost them €500. If they only loaned out €10,000 at 3.49% they would just earn €349, a loss of €151. This is what the weeping and hand-wringing BoI (and all banks) want the public to believe. But through the leverage of Fractional Reserve Lending the bank can expand its interest percentage to 43.63% of customer deposits which means they actually earn €4,362.50, giving them a grotesque net profit of €3,862.50 on the original €10,000.</p>
<p>This is usury of the most despicable kind. It is immoral, unethical, and cruelly punishing on borrowers. That it is tolerated by governments is utterly baffling and unpardonable.</p>
<p>What is the solution?</p>
<p>There are a number of solutions. One of them is explained in the next article, &#8220;Irish Government To Auction National Assets: Criminal Stupidity Or National Sabotage?&#8221;</p>
<p>http://www.articlesbase.com/economics-articles/snakes-and-banksters-a-tale-of-reptilian-treachery-3040565.html</p>
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		<title>Return To Nuremberg: Big Pharma Must Answer For Crimes Against Humanity</title>
		<link>https://foolscrow.wordpress.com/2010/07/27/return-to-nuremberg-big-pharma-must-answer-for-crimes-against-humanity/</link>
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		<pubDate>Tue, 27 Jul 2010 22:11:59 +0000</pubDate>
		<dc:creator>Fools Crow</dc:creator>
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		<description><![CDATA[by Gabriel Donohoe After World War Two, scores of suspected Nazi war criminals were prosecuted by the Allies in the Palace of Justice in the city of Nuremberg, the birth-place of the Nazi Party. The defendants were drawn not just &#8230; <a href="https://foolscrow.wordpress.com/2010/07/27/return-to-nuremberg-big-pharma-must-answer-for-crimes-against-humanity/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=foolscrow.wordpress.com&amp;blog=14079749&amp;post=32&amp;subd=foolscrow&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>by Gabriel Donohoe</p>
<p>After World War Two, scores of suspected Nazi war criminals were prosecuted by the Allies in the Palace of Justice in the city of Nuremberg, the birth-place of the Nazi Party. The defendants were drawn not just from the military, but also from medical, judicial, administrative, industrial, and other sectors of the German war machine.</p>
<p>Among the industrial prisoners charged with crimes against humanity were 24 managers of IG Farben, an organization without whom, according to U.S. Chief Prosecutor General Telford Taylor, the Second World War would not have been possible.</p>
<p>In 1925, IG Farben, Interessengemeinschaft Farben, (Association of Common Interests), became a powerful cartel of German chemical and pharmaceutical companies such as Bayer (the aspirin manufacturer), BASF, AGFA, and Hoechst (now known as Aventis.)</p>
<p>By 1933, the IG Farben group had become the largest chemical and pharmaceutical corporation in the world. And even today, although it doesn&#8217;t use the name IG Farben, its companies remain the most powerful transnationals on the planet in pharmaceuticals, chemicals, and agro-chemicals.</p>
<p>The IG Farben cartel was crucial to the Nazi war effort by supplying synthetic fuel, rubber, and other chemicals. They also manufactured Zyklon-B, the nerve gas used to kill millions in the concentration camps of Auschwitz, Birkenau, and elsewhere.</p>
<p>The cartel, later known as the Devil&#8217;s Chemists, used unwilling inmates of the concentration camps as slave laborers and guinea pigs to test chemicals, pharmaceuticals, and vaccines. Tens of thousands died, and those who became too ill to be of any use were murdered in the gas chambers.</p>
<p>IG Farben worked closely with the Nazi regime and with the SS and was perhaps the most important dynamic in driving the Nazi war machine, donating some 80 million Reichsmarks in return for chemical, pharmaceutical, and petrochemical industries seized from occupied countries.</p>
<p>Yet they could not have gotten to a position of such power without huge investment from John D. Rockefeller and his Standard Oil Company.</p>
<p>Together with Rockefeller they set up a company called Standard IG Farben.</p>
<p>Although he knew it would be used for war purposes, Rockefeller was able to organize a shipment of 500 tons of tetraethyl lead to IG Farben in 1938 which the Luftwaffe needed for aviation fuel. Amazingly, a year later, with war about to break out, he supplied them with up to 20 million dollars of tetraethyl lead which directly enabled Hitler to start the War by attacking Poland and France.</p>
<p>Even as late as 1942 he supplied the Nazis with oil diverted through Switzerland and refueled German submarines in the Channel Islands.</p>
<p>When charged under the &#8220;Trading With The Enemy&#8221; Act, Rockefeller got away with a &#8216;slap on the wrist&#8217; (5,000 dollar fine) when President Roosevelt abruptly halted the investigation at the behest of the War Department. (The unpatriotic Rockefeller had threatened to stop supplying the U.S. with crucial supplies of war-time oil.)</p>
<p>IG Farben went on to build the largest industrial complex in Europe at Auschwitz to manufacture chemicals and explosives for the German war effort.</p>
<p>The venture was financed by Deutsche Bank to the tune of almost one billion Reichsmarks. This complex, known as IG Auschwitz, covered some 24 square kilometers including the Auschwitz concentration camp from which it drew on a huge pool of slave labor. IG Farben directors were instrumental in turning this huge complex into the largest extermination camp in human history.</p>
<p>On a number of occasions, when orders were given by the Allies to bomb the complex, Rockefeller used his influence through John J. McCloy, Assistant Secretary of War (who was a former legal counselor to IG Farben), to cancel the bombing raids, much to the chagrin of some of the Allied commanders.</p>
<p>Furthermore, not one bomb fell on IG Farben&#8217;s Headquarters back in Germany, at Frankfurt. Astounding, at a time when German industrial cities were widely bombed and pulverized, including Frankfurt itself.</p>
<p>At the Nuremberg Trials, 24 of the IG Farben directors and other industrialists were charged with genocide, slavery, and other crimes against humanity.</p>
<p>Many of these unscrupulous villains would later play a key role in reinstating several IG Farben companies as huge players in the pharmaceutical/chemical industry not only in Germany but also throughout Europe and the United States. And several of these former Nazis would be pivotal in devising a pan-European trade association which has now evolved into the European Union.</p>
<p>Dr. Fritz ter Meer, a director of IG Farben who was directly involved in developing the nerve gas, Zyklon-B, which killed millions of Jews, was sentenced to seven years in prison but was released after four years through the intervention of Rockefeller and J.J. McCloy, then U.S. High Commissioner for Germany. An unrepentant Fritz ter Meer, guilty of genocide and crimes against humanity, returned to work in Bayer where he served as Chairman for more than 10 years, until 1961.</p>
<p>This same ter Meer, a convicted Nazi war criminal, went on to become one of the initiators of the Codex Alimentarius Commission in 1962, an organization that was nurtured by the World Health Organization (WHO), the Food and Agriculture Organization (FAO), and the World Trade Organization (WTO).</p>
<p>Codex Alimentarius, supposedly set up to protect the health of consumers and ensure fair practices in the food trade, is in reality extremely hostile to the world&#8217;s vitamin, supplement, and natural food industries and seems determined to destroy them.</p>
<p>Codex is controlled by Big Pharma whose only raison d&#8217;être is to promote disease for profit and sell more and more pharmaceuticals. If Big Pharma actually developed a drug that would cure disease they would soon put themselves out of business. And as a multi-multi-billion dollar industry they are certainly not going to do that.</p>
<p>Karl Wurster, chairman of the IG Farben company, Degesch, which manufactured the Zyklon-B nerve gas, was charged as a war criminal but was somehow acquitted. He later served as CEO of BASF of 13 years, until 1974.</p>
<p>Hans Globke co-authored the anti-Jewish Nuremberg Race Laws and was responsible for writing the new laws of the Greater European Reich in Nazi-occupied countries.</p>
<p>After the War, Globke became a minister in Chancellor Konrad Adenauer&#8217;s government and served from 1949 to 1963. He was free of any parliamentary supervision and controlled the Secret Service. He was also directly involved in plotting with the oil and drug cartel on how to take over and control European markets within the newly constructed European Economic Community (EEC), fore-runner of the current European Union (EU).</p>
<p>Walter Hallstein was a prominent Nazi law professor who stated in 1939: &#8220;One of the most important laws (in occupied European countries) is the &#8216;Protection Law of German Blood and Honor&#8217;.</p>
<p>This Nazi &#8220;blood and honor&#8221; lawyer was instrumental in creating the European Union&#8217;s basic structure and became the first head of the European Commission, an executive body adroitly designed to rule Europe without any interference from democratic control. This absence of democracy is quite evident in Brussels especially today.</p>
<p>In 1957, Chancellor Adenauer and Hallstein signed the first European Treaty in Rome.</p>
<p>[Much of the information here on IG Farben comes from Dr. Matthias Rath, a tireless campaigner for health freedom and the scourge of Big Pharma. Dr. Rath, under the Freedom of Information Act, has managed to obtain tens of thousands of IG Farben documents from the War Crimes Tribunal that had been kept secret for six decades and has posted them on his website. See (www.profit-over-life.org) , also (http://www4.dr-rath-foundation.org/) . These are incredible sites - you'll spend hours there! Check out articles on Codex Alimentarius, the Pharmaceutical Industry, and Dr. Rath's series of Open Letters to the New York Times.]</p>
<p>The domination by the pharmaceutical industry of current medical practice and their insidious influence on government legislation is a direct legacy of IG Farben and the Nazi war criminals who ran the original cartel.</p>
<p>Crimes are still being committed today on such a massive scale that millions of people have died since World War Two and millions more are being poisoned daily by these monsters. It is impossible in this short article to list all the horrendous criminality of Big Pharma, Big Food, Big Biotech, and their political henchmen but the following paragraphs provide some examples of the death and mayhem they cause.</p>
<p>In a recent report authored by Dr. Gary Null, Dr. Carolyn Dean, et al, (Death by Medicine) some 780,000 Americans are killed by their doctors or by the medical system each year. 106,000 of these die from properly prescribed medicine in properly prescribed doses and over two million people are hospitalized because of adverse effects from taking these FDA-approved prescription drugs.</p>
<p>The directors of the companies who manufacture these drugs well know the harm they cause but do all they can to keep such adverse information from the public.</p>
<p>These gangsters are driven by greed and profit; they couldn&#8217;t care less about people&#8217;s health or their lives. A good example is the scandal of Vioxx, a drug that was kept on the market even though it was known to cause heart attacks.</p>
<p>Vioxx is believed to have killed between 50,000 and 70,000 people. Other dangerous drugs include Baycol, Bextra, Celebrex, and the list goes on&#8230;</p>
<p>Big Pharma is involved in rigging drug trials, ghostwriting the reports of &#8220;independent&#8221; researchers, bribing politicians, doctors, and scientists, and hiding reports unfavorable to their drugs. One particularly nasty example of collusion is the recent case of Dr. Biederman of Harvard University who advocated mind-altering drugs for children while being secretly paid off 1.6 million dollars from the drug companies.</p>
<p>And to maintain their markets, Big Pharma is very active in suppressing vitamins, minerals, and natural health foods.</p>
<p>They also suppress any information on natural health and are energetically assisted in this by their friends in the FDA and other government bodies. They are helped by colluding politicians who push through legislation to favour big corporations and they remain unchallenged by mainstream media who have a deeper affinity for advertising revenue than for people&#8217;s health.</p>
<p>Big Food poisons us with chemical additives, preservatives, colorings, flavorings, trans fats and other harmful ingredients. The effects of these deadly additives are well known and documented; aspartame, MSG, sodium benzoate, potassium bromate, sodium nitrite, and thousands more. It&#8217;s no wonder most of us are sick, and we&#8217;re getting sicker.</p>
<p>Governments turn a blind eye to crimes of toxicity and actively promote the dumping of fluoride and chlorine in our water, the use of mercury in vaccines and in dentistry, and to a host of other criminal acts committed in the pretext of advancing public health.</p>
<p>Again with government complicity, Big Biotech poisons us with Genetically Modified crops in a plot to own the patents to the very food that&#8217;s nourished us for hundreds of thousands of years. GM crops pose one of the greatest threats to our health and survival on this planet. No one really knows what effects this frankenfood will have on us or future generations.</p>
<p>GM food is currently suspected as a cause of Morgellon&#8217;s Disease.</p>
<p>And what kind of calculating, evil mind would invent a &#8220;terminator&#8221; seed that is designed to become sterile when the plants are harvested so that the farmer is forced to buy more seeds from these already mega-rich corporations.</p>
<p>What if these terminator seeds infiltrated the crops across the world?</p>
<p>Now it is time to say, &#8220;Enough!&#8221;</p>
<p>This unmitigated evil must end. Those responsible must be stopped and made to answer for their crimes. We need to revisit Nuremberg and finish the job that was begun there some 60 years ago.</p>
<p>I propose compiling a record of all the people from the above-mentioned industries, mass media, politics, government regulation bodies, finance, and from wherever appropriate, and entering their names in a register along with their observed crimes against humanity. This register would be presented as a prosecution document when the day of reckoning comes. These individuals are acting against the health interests of the people of this planet and must be dealt with accordingly.</p>
<p>When a name and a crime goes on the list, that person should be put on notice so that they can&#8217;t say they were unaware of their crime or that they were just &#8220;following orders&#8221;. This will also give them a chance to repudiate their crime and to join the ranks of the promoters of natural health and freedom of choice.</p>
<p>This book of records might become known as &#8220;The New Nuremberg List&#8221; and widely publicized so that it quickly enters the public consciousness.</p>
<p>Soon, the very mention of &#8220;The New Nuremberg List&#8221; &#8211; unlike &#8220;Schindler&#8217;s List&#8221; which offered hope and salvation &#8211; would instill fear of liability and punishment into those who persist in poisoning their fellow man.</p>
<p>Dr. Matthias Rath has already started things rolling by instigating proceedings against some of these corporate criminals.</p>
<p>In June, 2003, Dr. Rath&#8217;s Foundation lodged formal charges against those special interests behind the pharmaceutical &#8216;business with disease&#8217; at the International Criminal Court (ICC) in the Hague, the Nederlands.</p>
<p>The ICC is the premier world court for cases of genocide and other crimes against humanity.</p>
<p>Dr. Rath said, &#8220;We are convinced that one day soon these charges will form the basis for an international tribunal at the ICC that will shadow the scope of the Nuremberg Pharma Tribunal of 1947/48.&#8221;</p>
<p>Among those charged are, George W. Bush, Tony Blair, Dick Cheyney, Donald Rumsfeld, and other members of the Republican administration.</p>
<p>Also cited are executives of the pharma/chemical/oil industries, mainstream media, financial institutions, and other culpable people.</p>
<p>Dr. Rath should be congratulated for his efforts and assisted in every way possible.</p>
<p>Let today be the beginning of the end for medical tyranny and let good health and fair play prevail on this beautiful but defiled planet of ours.</p>
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