IMF and World Bank International Financiers - a deadly plague!

(Posted 16 May 1999 04:18 AM Jordan and 

Under this heading we will go back to basics. We will learn like children the ABC of money and perhaps then understand better the immensity of the monster the world has fallen victim to. Some nations are desperately looking for their way out of a fix the banker has manipulated them into, and if they only could unite in confronting the handful of international(?) bankers and cease cowtowing to this imaginary phenomenon of "international community" (whatever that is), then we will be that much closer to a resolution of national problems pertaining to finance. With proper analysis of the problem the solution becomes self-evident. Of course I invite your input presented in a manner worthy of an intellectual debate. However do not become alarmed if my postings are of unorthodox content and sharp as a razor blade. So let the fun begin!     


Let's begin with IRAQ and her possibilities

IRAQ, there are problems you can solve on your own without dependence from outside supply of commodities or finance. Take stock of all of your resources in terms of natural resources in the form of oil, gas, copper, gold, uranium, aluminum, minerals, etc. Then take stock of potential for self-sufficiency in the area of food supplies for all you people. Ask yourself whether there is potential for greater production (irrespective of financial resources, please). Is there dormant arable land? Are there people unemployed who could be farmers? Examine your labour pool resource, not only from the viewpoint of people willing to work, but identify them as to their expertise, i.e. engineering. science. leadership qualities, pharmaceutics, or what have you,and identify the nation's needs for services in those areas. Direct the nation's people resource toward the filling of the nation's greatest needs. If it is food supply you need, then exploit all arable land for the purpose of growing food - using your labour pool resource. If the nation has need for pumps or electric motors to keep the oil flowing, then extract the people's resources and know-how to make those items inside Iraq, using whatever industry is left to do so.

IRAQ, DO NOT CONCERN YOURSELF WITH ISSUES OF MONEY TO BRING ABOUT THE THINGS I HAVE SUGGESTED. YOUR PEOPLE WILL DO EVERYTHING THAT NEEDS TO BE DONE WITHIN YOUR BORDERS FOR AS LONG AS THEY KNOW THEY WILL HAVE MONEY-FREE ACCESS TO ALL OF THEIR BASIC NEEDS IN TERMS OF HOUSING, FOOD, TRANSPORTATION, CLOTHING AND UTILITIES. When these minimum requirements to the sustenance of life are provided for, your people will do everything else that is needed for the rebuilding of the country. Remember, Iraq, NO ONE WILL ASK FOR A PAYCHECK WHEN EVERYTHING A PAYCHECK BUYS WILL BE PROVIDED JUST FOR THE ASKING! No society needs money, the ants and the bees don't and they do well, so tell your people that their production belongs to them as producers - free for the taking - and only then will they see themselves not left out from being beneficiaries of their own production!

And how will you get there? REMOVE THE MONEY LINK BETWEEN PRODUCTION AND CONSUMPTION, and you will soon become the economic envy of the world and the crowning jewel of humanity which you once were millennia ago in ancient Mesopotamia. Allah blesses you when you return to your own ancient roots of being what you are, an evolved people, and doing what you can do best: DOING THINGS RIGHT!posted 16 May 1999 04:47 AM Jordan   

National Sovereignty - an essential element of nationhood

The time has come where in view of much rhetoric from Trudeau, Bush, Kissinger and others, individual nation states have to make up their minds whether or not they wish to protect their national sovereignty from all efforts by the one-worlders to strip them of this once held sacred trust. Factors like "international law", "international community", "new-world-order", "universal human rights", or "what ranks higher: national sovereignty or human rights?" are issues upon which many national leaders compromised their sovereignty away.

The U.N. today uses "human rights" as an excuse to set aside national sovereignty. That serves no nation any good. The advocates of a one-world society view national sovereignty with much scorn, for that placement of priority runs opposite to the elitist thinking of dominance over national governments. They find the issue of sovereignty repugnant to their view of how the world should be run BY THEM! So if the national leaders wish to retain control over their national affairs, then it behooves them to unite as one against the foreign imposition of alien thinking coming from those elitists who from behind the scenes endeavour to subject the nations under their despotic control. Democracy and international finance are their vehicles with which they impose their tyranny over nation states.

The efforts of dislodging national sovereignty are spearheaded by the United States and Britain, who are using the United Nations and in particular the U.N. Security Council (whose security?) to perpetuate this tyranny upon all nations. The plan here is to weaken individual governments with the adoption of a system of democracy, which scatters national governmental powers because of its fragmenting effect through the party system which then in turn shifts power in favour of internationalism and its tyranny.

The ill effects of internationalist control we see in the ill treatment of Iraq, Yugoslavia, Libya, Russia, Panama, Chile, Palestine and others. Democracy is being hailed as the savior of the world, yet its true face is as ugly as sin. Look at Italy, for instance. Italy has for the last 50 years never seen a stable government, and her democracy will forever prevent this nation from running her internal affairs successfully, because her government is always kept weak. These internationalists think western polititians are all stupid idiots - and they are right, because THEY DO NOT EVEN NOTICE THAT THEY ARE BEING FOOLED AND MANIPULATED BY A HANDFUL OF POWERFUL PEOPLE FROM BEHIND THE SCENES.

I have noticed lately that certain Russian leaders wanted to take their financial affairs into their own hands but were successfully blackmailed by the "international financial community" which detested the idea of a Russian-made solution to their financial woes. So, was Russia allowed her sovereign right to create and control her own currency? NO. And here we have a case of: what Russia was able to do on its own without cost to their people was now done by the IMF international money machine WITH COST to the Government and the Russian people. And what is that cost? MORE INTERNATIONAL (so called) DEBT!! What is the element which kills the life of a nation? THE NATION'S ABSENCE OF SOVEREIGNTY!


CREDIT CREATION - Hallmark of a Sovereign Nation !

The fundamental of finance is credit creation. All monies in circulation have a beginning. This beginning of money, which is called "credit" at the banker's end, is always a "debt" with receipients of such credit. All credit is subject to interst charges, which makes the repayment of any loan a mathematical impossibility. Why? Because NO ONE CREATES MONEY INTO CIRCULATION MERELY BY BEING INDUSTRIOUS! ONLY THE BANKER ISSUES NEW MONEY! And since the money lender will never create the interest portion of a term debt into circulation, any economy is bound to callapse after a while for lack of hard cash (credit) to finance the basic economic requirements of a nation.

See, when a 1000 Dollars loan translates into 1500 Dollars paid back to the lender after 5 years, then some other borrower got cheated out of 500 Dollars he needed to pay back his own debt, FOR ALL MONEY IN CIRCULATION IS OWED TO THE BANKS AND WAS AT ONE TIME OR ANOTHER BORROWED INTO EXISTENCE, wheter it be a private citizen, business man, industrial owner or any level of government. Their borrowed money is the money in circulation. And just because some borrowers are successful in paying back their loans with interest on time, that does not mean that he created the extra 500 Dollars by being industrious. Some other borrower was made a guaranteed loser by the first one's success.

The reason we don't notice a total collapse of western economies is that all Governments go progressively deeper into debt, which on a short term offsets the technical inability of a multitude of borrowers to repay their loans with interest. And how does the before-stated information relate to IRAQ? Very simply in that a sovereign Iraq has the power to create her own credit responsibly and without cost to an international banker. For ANYTHING WHICH IS PHYSICALLY POSSIBLE CAN ALSO BE MADE FINANCIALLY POSSIBLE. The only real assets of a nation are not its financial resources, but rather its natural resources lying within its boundaries in the form of minerals, oil, gas, arable land, people with know-how, and so on. And these real resources can indeed be extracted by means of a responsible way of handling the national issueing of credit based on the nation's resources. Yet this form of handling the nation's money supply - even where properly administered - is only a stepping stone in the evolution of a society to a higher level of economics: one that is functioning without cash currency at all. Perhaps more on that later.


And how did all this trouble begin?

At one time people used precious metals like gold and silver for money. It simplified the process of crude barter like 10 chickens for one sow. But people had a need for safekeeping their gold coins, etc., and so some saw an opportunity to became custodians of other people's gold. These custodians then would issue a certificate for the amount of gold held by them in trust. The certificates were much easier to use than gold coins when doing business. Any owner of a certificate could at any time go to a custodian of gold in order to redeem back into gold his certificate. But there was a charge for the service of keeping gold, and so there developed a situation where there were many more certificates in circulation than there was gold in their vaults It must also be understood that all certificates were owned by the custodian in the form of a debt (because of the charge), for the custodian issued more certificates than he could back in gold - something the people did not know. The custodian never worried about it, because people hardly ever went to redeem any certificates.

Eventually the value of certificates was many times that of gold which backed it, but the people did not care, because they found the certificates so convenient to use. That is how gold-backed paper money was born. The custodian was the most powerful man in town, for everybody trusted the value of his fraudulantly issued certificates. When the gold standard was finally abandoned, all gold held by these custodians (banks) fell into their hands without anybody questioning the ethics of it. That's why all the gold is owned by jewish bankers after having pulled "a fast one" on the people who entrusted them with their gold. That's enough for now.



Under the present financial system the charging of interest on borrowed money can be likened to a barrel of water, which is to be kept full at all times, the fullness of the barrel representing a healthy economy with adequate amounts of money in circulation to meet everyone's needs. This barrel (economy) has a supply line at the top (infusion of brand new currency or capital through public debt acquisition) and a drain line at the bottom (repayment of debts with interest charges). If the currency controllers were conscientious men seeking the best interests of people of the nation, they would always assure the availability of correct amounts of money available for the supply of everyone's basic needs. And here an oversupply of funds would mean a dislodging of economic balance to create price gouging and profiteering, and an undersupply of funds would generate recessions, unemployment, depression and starvation in the midst of an abundance of material availability (also called "stagflation." This word is made up of "stagnation," because not enough money goes around to meet the people's needs, and "inflation," because production costs cannot be curtailed when whose costs invariably include rising taxes and escalating interest charges on corporate loans.)

Now, a closed economy with a constant number of workers or business men, say 100,000 in number, would in this case have 100,000 individuals available to go into debt against the money lenders in order to create sufficient funds in circulation to assure a healthily balanced economy for a while. The supply line has been opened for the barrel to be filled. Everyone works, makes money and spends it back into circulation to supply his or her basic needs. Debts are being repaid successfully, because not all have gone into debt at the same time. For ten years this closed economy has worked well and created much prosperity, for the money lenders noticed, that the amounts of debts and interest paid on loans were equal to the amounts of capital infused through new debt acquisition.

At last, after the lapse of 10 years there were no more people left to go into debt to the money lenders, for everyone who had gone into debt to the credit creator was found in desperate attempts to snatch up from money in circulation whatever he could to firstly meet his financial obligation to the lender lest his property be confiscated. As time went by money became a commodity in short supply, as people scrambled to pay the banker not only what in funds they owed dollar for dollar, but also the "interest" on their debts.

Now, interest could not be paid in the form of labour, or food, or houses to the banker, rather the banker demanded money as the only legitimate form of payment, something the people should have known they could not do, since the banker never saw it needful to introduce the interest in the form of currency along with the capital. The barrel of the economy became drained of its cash, as no more new capital could be infused, as there were no more people left to go into debt to provide the guarantee for continued supply of capital. Of course, eventually our sample community of 100,000 potential debtors collapsed. They all had neglected to check the banker's mathematics, and therefore failed to discover his trick to cheat them out of life and limb. And so in the end it was the currency creator, who became the legal owner of the assets of the people and the people starved for want of food.   




In our little example the "drain" at the bottom of the barrel was greater than the amount of water piped in at the top. When finally the barrel became empty, the economy collapsed and the banker was the only one left to claim for himself the greatest profit ever in the form of harvesting the people's assets upon their financial demise.

In conclusion of this topic, hear what the credit manager of the Federal Reserve Bank of Atlanta, Mr. Robert H. Hemphill, had to say: "If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible - but there it is. It (the banking system) is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it is widely understood and the defects remedied very soon!"

And Dr. Martin Luther (1483 - 1546) said: "Little thieves are put in the stocks, great thieves go flaunting in gold and silk... Therefore is there on this Earth no greater enemy of man than a gripemoney, and usurer, for he wants to (be) God over all men.... But the usurer and money-glutton, such a one would have the whole world perish of hunger and thirst, misery and want, so far as in him lies, so that he may have all to himself, and everyone may receive from him as from a god, and be his serf forever!"

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