The only way we are going to stave off a world war is by taking direct action as individuals. The prospect of facing an imminent war on a global level is becoming a real possibility. The Doomsday Clock moves ever closer to 12 Midnight. Although Global warming is currently high on the world’s agenda, far simpler and less scientific reasons may be leading a slow walk towards human destruction.
When George Bush pulled out of the Anti-Ballistic Missile Treaty with Russia a door was opened for the start of the new Cold War. This Cold War appears to be crystallizing at a dizzying rate as US and Russian relations continue to deteriorate at a rapid rate.
The man on the street seems oblivious of the world that surrounds him, as he continues to consume and accumulate debt at record breaking speeds. The only 'encouraging' sign in the US economy today is the incredible increase in consumption. The world’s need for quick and easy disposable items seems to increase every day, notwithstanding the world’s now apparent limit of resources.
The best way to describe the ever increasing gap between the population, whom believes we need to recycle and continue to develop new energy resources and the US corporations who have enjoyed years of unprecedented success, is found in Exxon’s unbelievable declaration that they see no reason to change the way they do things and they see no reason to develop renewable resources.
Why would they? Exxon Mobil is the most profitable company in the world; its world record profits continue to increase each year as they mindlessly continue to drill and pump away the world’s resources at an alarming rate.
It makes you think what type of succession plan the human race has. We increasingly rely on our governments and the so called free market to determine the themes and direction of our future. Yet it is clear from all accounts that most politicians have a vesting interest in how the world will be played out.
What I propose is radical, fraught with danger and has been written about in prophetic science fiction novels for years. It is a real proposition, with real results both constructive and destructive. The proposition goes to the heart of the problem.
In 1945, the world was handed to one government, the United States. It was done by one underlying decision; the US dollar was installed as the world’s currency. This may seem harmless enough, perhaps even justifiable, maybe the spoils of war, but there is something much more disturbing about this proposition.
To understand the significance of the US dollar being installed as the world’s currency for trading in commodities, one must understand the role money plays in our society.
From the very beginning of the market, man has needed to trade in some identifiable currency, whether it was animal pelts, sea shells or a measuring stick. History will tell you that the market eventually developed into a gold based system.
As the market grew and individuals increased their personal wealth, there became a need to secure one’s gold in a safe house; this role was undertaken by the goldsmith. The goldsmith secured the individuals gold for a small profit. The goldsmith would issue receipts on the gold and these receipts due to their convenience eventually became trading notes, alleviating the need to carry around gold coins into the market.
The goldsmith realized that the trading notes were becoming increasingly popular and the gold in his safe was literally sitting there collecting dust. It was not long before the goldsmith realized that he could lend out the gold at a profit without his client’s knowing. And this is how banking started.
This proposition was not without its dramas because the fact was that the gold was not the goldsmiths to lend out. And the goldsmith was making a profit without actually working or undertaking a risk – this is known as usury.
Obviously the trading note holders got wind of the bankers game and wanted their gold back. The banker with increasing power, property and influence in no time came up with a solution to offset the mob. This is how interest on deposits came about; each gold depositor was afforded proportional interest on his principle gold deposit.
This placated the mob, the market and allowed the banker to continue lending and receiving profits on other people’s deposits. And the ancient concerns of usury were for the time being alleviated, because the money was working and the depositor’s were undertaking a risk in return for a small profit.
Everything was fine for a while, but the market was expanding throughout the world, news was coming back from afar that there was more money to be made; if only they had more ships, ports and markets. The banker, a little less wealthy than last time, was still faced with the same proposition; people were still sitting on their gold.
The banker had been continuing to lend out the gold as per his agreement with his customers, but the banker at one point realized the real value was in the trading notes. At once he started lending his gold as trading notes instead of gold. The only catch with the trading notes is that people had to accept them as good currency; when they saw how successful the banker had become the market decided the notes were good currency and the trading notes became ‘as good as gold’.
Now that the bank was trading in notes instead of gold, the banker was free to not only lend out other people’s gold but he was also free to issue more money than he in fact had held in gold. This was the birth of fractional lending; where the lender lends out and receives interest on more money than he in fact holds in gold. This was a bit radical for the banker’s day and age and when the people got wind of it, they rightly declared that it was plain old usury; the bank was making a profit from people without doing any work or undertaking a risk.
But this time the temptation for society was too large - the world through trade was developing at a light speed rate and everybody wanted a slice of the action. The ‘powers that be’ determined that it was satisfactory that a small group of powerful bankers could make massive profits for the benefit of the larger English and European community. For the first time in the history of the world, government decree declared that usury through fractional lending was now legal.
This decision is significant and goes against many of the teachings of the world; including the Bible and the Koran. Both books are littered with references warning against the trade in money for the sake of money. One of the more famous lessons from the New Testament is when Jesus removes the money changers from the Temple…interestingly, Jesus was satisfied that collecting taxes for the greater good was a satisfactory proposition.
Fractional lending meant that banks could lend amounts of money that far exceeded the deposits they held. Say if a bank had $100 in deposits then by government decree they could theoretically lend out and gain interest on say 10 times that amount. Besides the promise of wealth for all, how did the government ever support such an idea? They introduced the reserve banks.
When fractional lending was set up the government needed to install a symbol of faith, faith that the little pieces of paper which once represented gold deposits was good to trade and the government approved. Reserve Banks were a symbol to show the market that the money was good, and if there was a small ‘run on the bank’, then their funds would be secured by the government Reserve Bank.
But this was more of a symbolic demonstration than anything else. And banks have failed from the very first days of fractional lending and still fail today. More recent symbolic offers have floated into the market including insured money, where the insurance company undertakes to pay a certain amount of deposits if a bank today were to fail.
The fight for control of reserve banks between government and private bankers was about to start. It was well known that whoever controlled the money supply; controlled the people. America proves an interesting example for this fight.
One of the most remarkable incidents in American history has been the Lincoln Greenback. When Lincoln needed to raise war funds to fight the civil war; he needed to raise money obviously without the backing of the English banks. Lincoln created the Greenback, it was accepted because Lincoln and the American courts eventually found that a country could creates its own money supply; this infuriated the English but they were powerless to stop America from creating its own unique currency.
This was the start of a struggle between the American people and the English banks; and this struggle was finally resolved in 1913, in the banks favor. In 1913, President Wilson allowed English and American bankers to create The Federal Reserve. The owners of the Federal Reserve are private bankers. In the years that have passed since The Fed was established, the American people have never been provided with a list of the bankers that actually own The Fed.
The Federal Reserve, was a combination of English and American private bankers who had come together to secure the money supply for the entire United States. Whenever the United States needed to raise capital in the future they were required to ask for a loan from The Fed’s private bankers, many of them being European.
The first time this impact was felt by the American people was during the Wall Street crash of 1929 and subsequent depression. The only way a depression occurs is if the money supply dries up, in America the money supply is controlled by The Fed.
Many would say that The Fed was concerned about the huge success of individual and corporate success in the flourishing American market. Corporations were becoming so successful that they were literally funding themselves, without the need for bank loans. In response to the 1929 crash and the subsequent depression, in 1933 President Roosevelt removed the gold standard from the US dollar.
When Roosevelt decoupled gold from the US dollar, many would say that the bank had achieved its goal of the depression. An individual was no longer able to walk into an American bank and ask for their money to be redeemed in gold. From this day forward individuals, partnerships and corporations would no longer have in their hands anything more than fiat or paper money. Control had been safely placed back in the hands of the private bankers.
Something perhaps more astonishing than the above allegation; is that at the same time that America was wallowing in a depression, a certain country in Europe was flourishing with new infrastructure and quickly building a new war machine to take on the rest of Europe. This country was of course Germany. Many would say that while America was being brought back into line by The Federal Reserve, the very same bankers and perhaps The Fed itself was investing heavily in Germany’s booming economy.
Why would they do this? It wasn’t until the end of the Second World War that the US paper dollar gained worldwide significance and private bankers discovered politically friendly names like the International Monetary Fund and World Bank. As a direct result of the Bretton Woods conference, the US dollar was installed as the international currency for worldwide commodity trading; this meant that if you wanted to buy or sell anything on the commodity market, including oil, you needed to do it in US dollars.
The World Bank and International Monetary Fund were both set up to help build infrastructure and industry throughout the world in the hope that one day world poverty would be eradicated. At this point we must not forget the origins of banking, which include usury and fractional lending. The two funds were underwritten by private bankers throughout the world and America was given control of the World Bank and Europe was given control of the IMF.
The World Bank and the IMF have been openly criticized since their inception and there are numerous examples of their failures. There is also an underlying question of whether the World Bank is simply making more loans to Third World countries simply to pay off their old ones to the same bank. The fact is, is that poverty is as big an issue for the world as it has ever been and there are now arguments that large percentages of industrialized countries are now experiencing dangerous levels of poverty.
The American Dollar proudly took its role as the underlying currency of the world; the US used its currency to trade in and secure significant portions of the world’s commodities, including oil. In 1971, with a fear of mounting US dollars in their reserves, a great number of countries came to America’s doorstep to exchange their US dollars for gold. In response the US government through President Nixon, finally closed the gold window. So gold was firstly decoupled for American individuals and now it was removed for the purposes of foreign countries.
Some would say that the private bankers of the world had finally created a piece of paper, that needed to be used for the trade in anything worth buying, commodities, that was backed by nothing but a promise that the piece of paper would be accepted. One must remember that this piece of paper has its foundations in usury and fractional lending. You must admit that this fact is starting to sound a little bit apocalyptic.
America continued to trade in its spineless fiat, and it also continued to increase its debt with the privately owned Federal Reserve. Today, the US currently owes the rest of the world $14.5 trillion. It has liabilities with The Federal Reserve of around $70 trillion.
If the world decided to stop trading in US dollars, the world’s economy would crash, it’s as simple as that. The US with no manufacturing, a decreasing agriculture and a suffocating amount of debt would be bankrupt. The US population would experience an unprecedented depression while the small percentage of American and European bankers would either, shut their doors or flood the economy with more dollars.
In 2006 The Federal Reserve stopped producing the M-3 report, this report determines how much US dollars have been created and distributed throughout the world. Without the M-3, the world’s economy has no measuring stick for inflation or real commodity values. The decision to stop reporting on the M-3 is one of the most astonishing decisions in American economic history, and of course it comes with no explanation.
In 2000, one country decided that it would trades its nation’s commodity of oil in Euros instead of US dollars. This decision was made by none other than Saddam Hussein. This fact is well documented, if not for the audacity of the decision but for the unexpected windfall that Saddam received by trading in the undervalued Euro.
Following the aforementioned need for the world to continue to trade commodities in US dollars, the US government considered Saddam’s decision to trade his oil in Euros was an act of war against the United States. In response to Saddam’s decision; in 2003 the United States government invaded Iraq and executed Saddam Hussein. The country continues to slide towards civil war. The message was sent, “Don’t fuck with the US dollar”.
Surprisingly, and perhaps apocalyptically, in the year Iraq was invaded by the US for trading in Euros instead of US dollars, it was commonly accepted that there were $666 Billion worth of US paper dollars circulating the world. For those with an appreciation of the Book of Revelations, that some of us furtively flicked to in Sunday school when we were bored, you will understand the significance of this number.
The original decisions to allow bankers to profit from ideas such as usury and fractional lending were all born, in contrast to the teaching of the mainstream religions of the world, out of a need to build a society as quickly as possible, an idea that bigger is always better. And progress should be measured by financial success.
I put it to the world; bigger is no longer better, that financial achievement is not something that should measure our personal success. The world must move towards sustainability and improvement of world wide living standards. The banks have had their chance and they have failed to improve the overall standard of living throughout the world. They have effectively only improved the living standards of the industrialized nations through the further enslavement of debt.
There is only one way to fix this problem and it means starting again. The transition will be destructive, astonishing, crushing but liberating. We can not continue with this line of thinking any longer. In order for the current system to continue to work, they will need to start another world war, leading to the development of another worldwide currency but this time it will not just be the American people paying the interest to the private bankers, the banks this time will require the last remaining bankable asset as collateral; the earth itself.
For many reasons the world as we know it, could end very shortly. The world’s population needs to get on the front foot and take the world back for the people, before it’s given back to them in a bloody and lifeless mess. The one way to fix the world’s problem is to encourage the Third World to default on its loans to the industrialized nations. This decision will cause a cataclysmic response. The world will be given back to its inhabitants in the next few years instead of being destroyed by future wars and perhaps even a nuclear war. The succession of mankind is at hand, the failure to act now will lead to the further reduction of our necessary resources for survival.
Encourage a Third World default now!
