Alan Greenspan, Federal Reserve Chairman, and Board Director at the predatory Bank for International Settlements, used the standard Rockefeller-Rothschild blueprint for engineering the US financial collapse: deliberate expansion of cheap credit to inflate the web of debt and entice rampant speculation followed by sudden constriction of credit to violently contract the economy. A tactic used by Rothschild's Bank of England to rob its colonies, this violent contraction catalyzes waves of foreclosures, bankruptcies and layoffs that force sellers to accept pennies on the dollar for their assets. Alternatively described as Milton Friedman's economic 'Shock Treatment' and Henry Kissinger's blueprint for "making the economy scream," this psychopathic financial terrorism is often accompanied by death squads to bring a nation to its knees.
Disintegration would be a Blessing
Reuters quoted Billionaire George Soros as saying the world financial system has disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Whether this is true or another syndicate pretext for consolidating its pyramid scheme under one Underworld Bank, we would be wise to seize this moment to make systemic corrections that will generate long-term stability and restore our financial sovereignty.
Imagine for a moment that worldwide governments had retained their exclusive authority to create money and issue credit and had strictly regulated the transparent movement of capital within their own borders. Had they remained autonomous, systemic global collapse would not have been possible. Predatory loans in the US could not have collapsed Iceland’s economy or infected foreign banks with toxic Wall Street derivatives. Small, autonomous units counteract systemic risk by isolating disease and preventing it from metastasizing to the whole system. Monolithic conglomerates are lethal by nature. The greater their scope, the greater the systemic risk of contagious catastrophic collapse ~ a fact we are now witnessing. The global agribusiness cartel is bankrupting independent farmers (driving them to suicide), poisoning every continent with GMOs and destroying the world food supply.[1] The central bank syndicate is strangling every country with debt. The globalized gambling casino has destroyed productive economies worldwide. This “disintegration” of the world financial system is an opportunity to dis – integrate the global tentacles of every syndicate conglomerate that is destroying human freedom and the earth’s life systems.
Monetary reform must be accompanied by effective quarantine of the global gambling casino: Tax every gambling transaction; Indict regulators who betray the public interest; Replace the Glass-Steagall firewall between commercial banks (public savings) and reckless investment banks; Criminalize currency speculation; Restrict commodities futures trades to physical purchases of goods; Outlaw antisocial speculation that threatens public welfare; Ban derivative gambling and over-the-counter transactions that are not transparent; Prosecute naked short sellers that collapse healthy businesses; Ban leveraging without sufficient collateral; Enforce anti-trust laws that separate investment sectors in finance, insurance and real estate; Disintegrate every criminal conglomerate that is too big to jail. Close Wall Street casinos and send the gamblers to Las Vegas where cheaters are effectively dealt with by the House.
Isolating and strictly regulating Wall Street and offshore casinos to prevent predators from devastating the productive economy will heal the global financial system and deter future crime but its current victims will never be reimbursed for their losses. Productive workers who lost their life savings and retirement pensions slowly accumulated over a lifetime of contributing have been thoroughly robbed by sociopaths who instantly amassed unearned wealth by gambling that contributes nothing of value. They will retire, without being prosecuted, in luxury.
A new monetary system could compensate these productive workers without incurring any debt to taxpayers by creating pensions with interest-free constitutional money. The Cook Plan would provide a Basic Income Guarantee to every member of society. [xvii]The Mechanics of Money
Money is not a commodity. It is a symbol of value. Any two people can transfer whatever they like as a medium of exchange. We agree as a group to use one medium of exchange to simplify transactions. The purpose of inventing a medium of exchange is to sustain the flow of goods and services circulating in an economy. If we agreed to use gold or feathers as tokens, the medium of exchange would be finite and too scarce to meet everyone's needs ~ and finite physical commodities have historically been monopolized by individuals who constrict the flow of goods and services that are needed by everyone in society. Paper is plentiful. In theory, we agree to the fiction that paper money and computer credits have value in order to produce and exchange the commodities we need. But they have no intrinsic value.
The pieces of paper and computer entries that are fabricated by private corporations, what we call money, can and should be created and regulated by a legitimate government agency. It is irrational to transfer this vital social function to private corporations that thrive on usury and destabilize economies by expanding and contracting their fabricated credit. Usury is not a fact of life, an inherent condition one finds throughout the natural world. It is a human contrivance used by parasites that eventually kill the host.
Money and credit can and should be used to keep the economy flowing, facilitating the exchange of real goods and productive services that meet the needs of society ~ without fabricating debilitating and fictitious debt. This, in fact, was the intention of Article 1, Section 8 of the United States Constitution that authorized only Congress to coin money and regulate its value. The founders of our nation understood that a government does not need to borrow its money from a private corporation. It has the power to create its own money. We are that government and that power belongs to us.
Our government was designed with the constitutional authority to create money and issue credit without ever charging interest or creating debt. It can directly spend interest-free money into circulation and extinguish excess currency to prevent inflation. Moderate interest rates on government loans could be used to finance the operations of city, state and federal government in lieu of taxes. Publicly-owned community banks could charge a moderate interest rate that is returned to depositors as dividends, or it could be used to generate revenue for implementing worthwhile social projects. Monetary science comes equipped with mathematical formulas to achieve permanent monetary equilibrium through a set of principles that balance the money supply and maintain currency stability, eliminating recessions, depressions, inflation and deflation forever. Debt-free monetary systems that function as a public service are described by Stephen Zarlenga in "The Science of Money." The mechanics of maintaining monetary equilibrium have been understood for centuries.
All that is required is social consensus.
Geraldine Perry has suggested that if banks are to remain privately owned they must be required to operate as independent businesses with 100% reserves and use their own (legitimate) capital for loans, not fictitious accounting entries and not other people's money. A public Monetary Authority would issue the national money supply. Attorney Ellen Brown's, brilliant book, "The Web of Debt," proposes sound mechanics for a new monetary system, using interest-free constitutional money and credit issued by the government. Richard C. Cook explores creative possibilities that truly liberate the mind and demonstrate the possibilities of a compassionate monetary system. These three visionaries all endorse the Monetary Reform Act conceived by Stephen Zarlenga.
All that remains is public demand for this reform.
Existing debt to the central bank syndicate disappears in an instant when it is recognized that fictitious accounting entries do not constitute lawful "consideration". Nothing of value has been borrowed. What a bank "lends" is the borrower's own promise to fabricate interest for the bank, an absurd fraud.
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