Banking and how it affects YOU - NCCG.ORG Ning Network Archive 2008-10

by Graham Wilkinson on November 5, 2009

Money. Otherwise known as 'the economy', a meaningless phrase.

The only defence against the rolling Orwellian state is knowledge, so in that light I'm posting this up, only a handful of people know what money is, that there are two types of money, and how a very simple trick transfers wealth and power inexorably from the many to the few. This is alchemy in it's true form, turning paper into gold.

This article from my unpublished blog on here, this information should be in schools and in newspapers;- but then everyone would know - wouldn't they?!

Introduction
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Laws are important, indeed they are the 2nd most important lever to control your population with. The EU is intent on using thousands of laws to control us with, although the UK regulatory system is used to rigidly enforcing a few laws well rather than picking and choosing from many laws (The Napoleonic way), which is why with the EU creating and the UK enforcing we now have thousands of new laws all rigidly enforced - so no one can do anything.

The 1st or main lever of power however is MONEY. In Andrew Jackson's day (or Abraham Lincoln's) the government printed money and paid it's employees. They owned this money, and could use it for trade and taxes. This is known as Credit Money and is interest and debt free.

Today
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Today, we have central banks - not government treasuries - that loan the government and the population it's money for a 'small' (compounding) interest charge. The central bank still owns the money, you are just renting it at the cost of the interest.

The subtle but rather important difference means that you do not own the money, indeed you owe the money plus the interest, interest that the central bank hasn't lent you yet. In fact you are now caught in a compound debt spiral with exponential growth of the money supply. This growth is caused by the interest and can be soaked up as a mixture of real growth and inflation, but is always debt growth. Incidentally mankind's inability to appreciate the exponential function is the main reason we are in this debt-slave mess.

You're now in debt. All of you.
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As you can see, using a debt currency like this places you in their debt, a debt that you can never repay because you need to borrow the interest to pay it, a loan which itself attracts interest - as the monopoly on the currency is theirs, not yours. The issue is not one of using 'fiat' or paper money, using gold or mud has the same effect, it is the fact it is a loan - not payment/credit, and the fact you owe interest now, rather than it being interest free. For that £100 in your pocket someone has to pay 50p this year. For that £1trillion debt many taxpayers have to pay £5Billion this year, that's you and me, for the use of the Bank of England's paper.

Global control via printed paper and computer numbers
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Money is power, and absolute control over money is absolute power. We have a bunch of self serving socialists who think they know how to spend you money better than you do, but they are merely playing in the casino, they do not run the house, which is owned and run by the central bankers, who can vary the money they print (lend out) and the amount they rake back in (via interest charges).

The Euro as you know is a fiat/paper product of the ECB - European Central Bank. In fact it is not 'european' at all but a private bank with secrecy so tight you cannot read the meeting minutes for thirty years. If the UK did 'join the euro', we would then be renting our money from them, and have no control over it at all. In addition, we would now be owned by the ECB (as they would own the currency we rent from them) . Then like Greece and Ireland, we'd discover that going bust with someone elses money (the ECBs) would present us with the same problem that a man with a big gambling debt has: We'd be owned by the ECB completely and entirely at their mercy.

So for simple mathematical reasons we should be even more afraid of the euro than the EU, the Bank of England (BoE) is semi private (nationalisation changed some details, but the UK government still borrows it's money from the BoE and pays them interest) but rather more subject to political control than the ECB.

Leveraging effects: Fractional Reserve Banking
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In addition - regarding the lending boom and the subsequent bust (credit crunch) - despite the fractional reserve banking (negative reserve banking in the case of RBS) the Pound Sterling still has to originate with the BoE and the ECB (and the FED), the time of easy money and low interest rate was entirely within the control and scope of the central banks. If the central banks has not increased the money supply to a significant degree and held rates artificially low (for all the Fed/BoE/ECB) there would have been a housing boom. This simple logic implicates the central banks in the whole loan-boom time and we should therefore be wary of promoting them and asking them to assist us in cleaning up a debt of their making.

So beware the euro, it is a bigger trap than the EU itself.

To summarise, our enforced borrowing of the dollar, pound and euro are like a mortgage, and you keep extending the mortgage each month to pay the interest back, because there's only one source of the currency, the true meaning of monopoly.
By now you will have realised that the simple trick stealing your wealth is a currency's interest rate.

There is a google video called "The Money Masters" that is worth watching.

http://ukindependenceparty.ning.com/group/thediscussionchamber/foru...

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