How Iceland kicked out international Bankers !!
An Italian radio program’s story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here’s why:
Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country’s banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors. But as investments grew, so did the banks’ foreign debt. In 2003 Iceland’s debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.
Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain
Re: How Iceland kicked out international Bankers !!
It Begins? Anti 'Money Power' Lawsuit Filed in Canada ...
Wednesday, December 21, 2011 – by Staff Report
A press release announces that Canadian constitutional lawyer, Rocco Galati, "on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform)" has been filed in Canadian Federal Court, "to restore the use of the Bank of Canada to its original purpose, by exercising its public statutory duty and responsibility." – Rocco Galati Law Firm/ via Rense
Dominant Social Theme: The money system we have now is the best it can be.
Free-Market Analysis: Well, it is finally happening. A legal challenge to the power elite's money system has been launched in a Canadian Court "for the benefit of Canadians ... and to restore the use of the Bank of Canada for the benefit of Canadians. Here's some more from the press release mentioned above:
The action also constitutionally challenges the government's fallacious accounting methods in its tabling of the budget by not calculating nor revealing the true and total revenues of the nation before transferring back "tax credits" to corporations and other taxpayers. The Plaintiffs state that since 1974 there has been a gradual but sure slide into the reality that the Bank of Canada and Canada's monetary and financial policy are dictated by private foreign banks and financial interests contrary to the Bank of Canada Act.
The Plaintiffs state that the Bank of International Settlements (BIS), the Financial Stability Forum (FSF) and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer nations in their place which has now expanded to all nations in that these financial institutions largely succeed in over-riding governments and constitutional orders in countries such as Canada over which they exert financial control.
The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB) (successor of FSF), their minutes, their discussions and deliberations are secret and not available nor accountable to Parliament, the executive, nor the Canadian public notwithstanding that the Bank of Canada policies directly emanate from these meetings. These organizations are essentially private, foreign entities controlling Canada's banking system and socio-economic policies.
Strong stuff. As we've been writing since 2008 now, the current central banking money system is probably finished. It is not finished because it has worked so badly (for most people anyway) but because it is seen as profoundly immoral.
The argument used to be that you needed a central banking system as a lender of last resort. But in practice, people have simply decided that the system is a kind of ruse that protects a certain financial class while leaving everyone else to fend for themselves. You can read two initial articles on this here:
Beginning of the End? Fed Cannot Account for $9 Trillion
Have the Immoral Actions of Central Bankers Precipitated the Decline of the West?
Of course, beyond its immortality and incredible unfairness, the current money system as it operates throughout the West IS illegal; it has been corrupted by the people who run it entirely for their own benefit. Knowing human nature, this is entirely expectable. When individuals are granted a money monopoly, they will inevitably abuse it.
The Canadian plaintiffs make this point as well, stating that officials are "engaged in a conspiracy." They wield a perfectly justifiable broad brush, naming the BIS, FSB and IMF as part of a larger effort to "render impotent the Bank of Canada Act as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and bypass the sovereign rule of Canada ..."
If the lawsuit had stopped there, we'd be all for it. Unfortunately, the announced goal of the lawsuit as expressed by the plaintiffs is to support "making interest free loans to municipal/provincial/federal governments for 'human capital' expenditures (education, health, other social services) and/or infrastructure expenditures."
The lawsuit is a good idea because it may publicize what's happened to the West's money system, and Canada's in particular. But it beggars common sense to believe that Canadians – or citizens of any country – can simply print money without interest to pay for an endless stream of social programs.
Unfortunately, this idea has taken hold in the US as well, thanks to intrepid campaigners such as financial author Ellen Brown. It simply isn't possible, though. Only the free market can regulate how much money-stuff is necessary for an economy. A government simply CANNOT know.
When people run the printing presses, there will likely always be too much money circulating, with the attendant impact of booms, busts and ongoing, ruinous inflation. This is one reason why gold and silver-based money economies are perhaps the preferable alternative.
Such money-stuff is self regulating. When there is too much of it, value goes down and it ceases to circulate in such abundance. When there is too little, value goes up and MORE circulates. Simple. The magic of the markets.
Litigating the current ruinous money system may not remove it, but it will certainly bring it yet more unwanted attention. That's good. Now if only people would stop thinking that the printing press is a magical instrument and that in "good" hands it can enrich everyone the way it has enriched the Anglosphere elites. Not so.
Conclusion: File this under "two steps forward, one step back."
Re: How Iceland kicked out international Bankers !!
Another Dutch guy is fighting against the usury loving international bankers !!
Dutch Barter System Challenges Banker
"Believe it or not, but De Nederlandsche Bank (Dutch central bank,) run by Nout Wellink who is on the board of BIS and a member of the Trilaterals) shut down my on-line telebank service. A clear sign I was on the right track . "
By Anthony Migchels
My name is Anthony Migchels and I am the initiator of the "Gelre," the first Regional Currency in the Netherlands.
My organization is a foundation, not for profit, not a company, because I believe credit should be a public facility, serving the people that actually OWN the credit, instead of milking them dry with what is rightfully theirs. The Gelre foundation is run by a board of three.
We now have almost a hundred companies participating and the break even point should come at about 300, after that we can get an income out of it. But the real goal is, to hook up 66% of all companies in Gelderland, a province in the Netherlands with 1.2 million inhabitants and 60k companies. A GDP of about 40 billion Euro.
It is clear that interest bearing debt to a bank as money is a vicious hoax, but strangely enough, few have been developing a viable alternative.
Ellen Brown and the Money Master people, whom I both regard very highly, have reasonable
propositions, but they are still considering reform at the state-level and that is simply not going to happen. Not here in Europe and not before having survived WW3, anyway.
State Level real money implies the end of the New World Order Central Banking Vampires.
There is Bernard Lietaer, but his biggest point seems to be that 'complementary currencies' complement the 'national' (banking, really) currencies. He has correctly analyzed the negative aspects of interest, but is completely oblivious (or pretends to be) to the nefarious nature of the powers behind the printing press. It is clear that real alternative currencies have only one goal: to destroy the credibility of humanities greatest plague and its metal based successors. The goal is clearly NOT to play second fiddle.
I like Thomas Greco, who is very knowledgeable. He suggests mutual credit, facilitated by Market Players as a solution, but even he has not pinpointed what is to my mind the most crucial challenge for anybody wanting to create a viable currency, able to truly compete with Dollar or Euro
That challenge is as follows:
Barter units allow for interest free credit, but are not convertible to major currencies and convertible units don't allow for non interest bearing credit.
Combining these two features, convertibility and interest free credit, is essential for non state/non bank monies to have a real impact.
It is the way of the not so distant future
Most barter schemes have prohibitive transactions costs. Also, and even more importantly, they are not convertible to Euro/Dollar. They usually are OK for swapping excess inventory or goods and services with low marginal cost, but not for high powered capital intensive industry.
The Euro/Dollar/Pound based Berkshares (http://berkshares.org/) , Lewes Pound
(http://www.thelewesPound.org/) and German Regional Currencies (www.regiogeldverein.de) are stronger, because they are based on national currencies: you give up a Dollar and in return you get a Berkshare, that can be spent within the network. In effect the Dollar remains in the network. Because there is a Dollar in the bank, companies can convert excess local currencies (units that they cannot usefully spend in the network) to Dollar/Euro The problem is, there can never be more of the local currency in circulation, than the supplying organization has Dollars/Euro in the bank. Therefore they cannot supply any credit.
This is also the basic architecture of the current Gelre. Another conceptual problem with this approach is that you are basing real, loving money on the most toxic commodity known to man: interest bearing bank debt as money.
There is also a legal problem here, in Europe, anyway:
Believe it or not, but De Nederlandsche Bank (Dutch central bank,) run by Nout Wellink who is on the board of BIS and a member of the Trilaterals) shut down my on-line telebank service. A clear sign I was on the right track . They did so because of a prohibition on collecting 'reclaimable money' (a direct translation of judicial lingo, I'm not sure an English speaking lawyer will know what this means).
You can, however, manage reclaimable money if you give a paper voucher in return. This is a loophole designed for book vouchers and the like.
Now we have only paper money in circulation. Of course, this law is to 'protect consumers' (wink wink). You have to realize this was going on last year, 2008. The people from the Dutch Central Bank are telling me they are very worried about the couple of thousand Euro that we manage as deposits for circulating Gelres. The same people that have been supervising and in effect organizing the credit crunch that has cost taxpayers in the west trillions
Now, being confronted by men and women (kind and intelligent people!) in expensive suits destroying and enslaving the people I love, including myself, who are telling you they are protecting consumers by putting me out of business, kind of pisses me off BIG TIME.
Brainwashed or not, you start to dislike them even more than you already did.
Its probably not the same with everybody, but if somebody starts playing with my family jewels,
smiling all the time and speaking very correctly gets me thinking. To be honest, it was an experience that inspired.
By creating a unit that combines both strengths, cheap credit AND convertibility, we believe it is possible to actually compete with Euro Creating money out of thin air that will buy Euro and eventually gold, it sure gets me excited
We'll buy the world back )). we won't, but the people using the Gelre will!
The only problem is: how to do it and inspiration makes answering this elusive question easy: you create convertibility not by reclaimable deposits, but by creating an open marketplace where your unit can be traded!
In this way, you create convertibility not by having Euro or Dollars deposited, but by more classical means: foreign exchange markets have been around for quite some time, but only for bank money Speculation is out of the question, because in the network 1 Gelre=1 Euro always.
My foundation simply always sells Gelre for 95 cents, so it is no use offering your Gelres for more.
And because 1 Gelre has a purchasing power of 1 Euro in the network, there is always a natural demand for Gelre because its buyer gets a de facto discount of at least 5%.
Of course you want a stable rate for the Gelre, close to its target of 0,95 cents. This is achieved by correctly managing the amount of Gelre you issue. If you issue to many, people will dump it on the market and your unit goes down the drain: nobody will accept it if its rate goes down too much.
But you can, and we have, create a stabilization fund. Because we sell Gelre for 0,95 cents, we have Euro. We could simply pocket them, but then we would be ripping off the system. It would be a goldmine. Nobody would even notice, people are gullible, but the idea is to help, not to steal. No, the Euro we get in this way go into the stabilization fund and we use them to buy back Gelres if the rate goes down to much.
In effect this means we can almost guarantee a stable exchange rate. Almost, because every adult has to awaken to the fact that there is only one guarantee in life: you die.
It is childish to look for guarantees from institutions. That is part of what is called 'arrested
At this moment we are programming the on-line exchange. Its not complicated at all, thankfully.
Naturally all this needs to be managed correctly. And of course the idea is very simple. But also revolutionary. A breakthrough that has the potential to create very powerful currencies that can compete globally and locally in many diverse networks against the far to expensive (because of interest) '(supra)national' currencies.
We have chosen a regional scope, because one of our main goals is to stop centralization of power. Since most local economic area's are 80% self sufficient, it is natural that they are monetarily as well.
And because 'The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it' and also because 'the process of money creation is so simple, it repels the mind' transparency is essential in any real money system.
Therefore we have created the Gelre monitor, which reports real-time to all parties involved, on-line, all the key indicators of the Gelre. Turnover, amount in circulation, percentage that is taken by the issuing organization for costs, number of participants, etc, etc. All this information will be available with just a few mouse clicks.
End of this year, maybe early next, our new system will be on-line, hopefully. And it is going to work. Despite the many unknowns to the public. You know why?
Because we are going to print some money and GIVE IT AWAY!
We are going to give away millions of Gelre (1 Gelre = 1 Euro). Why not? We print it for nothing! We don't use that money to stuff these piggybanksters, but we hand it over to the people!! And they can spend it at the businesses that join. These businesses can actually convert their Gelre income to Euro (at a small cost).
We are going to play Santa Clause and all that money is going to circulate forever, continuing to create business. A skyrocketing Gelre Economy in the depths of a very severe depression.
Nobody can get a Eurodime, but we give away millions of Gelre!!
Of course most of the Gelres we put into circulation will be lent out (without interest, but of course with some (very cheap) price, we have bills to pay) in a mutual credit kind of scheme, or sold for Euro (for the benefit of the stabilization fund), but a reasonably small percentage can be simply given away.
You know, the Dutch have a reputation, well deserved, for being the Jews of the Gentiles. If GIVING THEM MONEY FOR NOTHING is not going to convince them, I'm just gonna give up and let the wolves do their thing.
As a final note: one of the most painful delusions many well informed and well intentioned people suffer from, is that the problem is paper money. And that gold is the solution. It is not. Gold is controlled by the same scoundrels that control the current printing presses.
The problem is inflating and deflating an interest bearing money supply. By fraudulent criminals. This is the same for gold as it is for paper. Where do people think all the depressions before 1913 came from?
Of course, gold DOES have a function as the great, eternal tell tale of paper manipulation. That is why it has been manipulated at an unimaginable scale. If it had not been, gold would probably already be at 5k Dollars per ounce. Real inflation (as opposed to the FED figures) has been that bad, the last few decades.
But as a means of exchange it is worthless. Impractical and with an unstable, non-transparent supply. Stable, transparent supply is a core indicator of high quality money.
To be honest, the bankers couldn't care less about the paper, if they can replace it by gold.
Money is one of the few commodities that we can produce infinitely at virtually no cost. The art of the trade is to create plentiful money, without overdoing it. Even a limited amount of inflation is OK, as long as people are aware of it, are compensated for it and don't save the money.
Saving money is always a bad idea anyway, because it withholds money from circulation, but that is another story.
The point is, that if you have a reasonable entity issuing the money, its supply will be stable and cheap.
The Gelre will also prove that gold is as big a hoax as is interest bearing debt.
You can tell I'm excited about it, I can hardly believe we are actually going to do this, and sometimes I am afraid, not only of success, but also of the banksters.
We are going to do it, though.......
Your publishing of the article last week has produced dozens of reactions! Very inspiring. So much so, I opened a blog in which I intend to participate in the debate on currency.
I will be focusing on monetary matters, not so much on the wider conspiracy which is very competently handled by other people, you in particular.
I believe the subject is of such crucial importance (banking being our masters core business), that we have to get it out of the way, at least within the aware part of the community.
For your info: the blog can be found at realcurrencies.wordpress.com.
Barter Systems Booming--Time Mag
Money Myth Exploded
Re: How Iceland kicked out international Bankers !!
Re: How Iceland kicked out international Bankers !!
Bankers will try to continue their mammoth scam. Check this.
Local Liberty Dollar ‘architect’ Bernard von NotHaus convicted
COMMENT: This alternative, voluntary gold & silver currency may be controversial, but it seems incomprehensible that it could be deemed illegal on grounds of resembling Federal Reserve paper notes. Don’t the Feds know we abandoned the gold standard back in the 70s? It is even more outrageous for these attorneys to term the convicted man as a participating in “a unique form of domestic terrorism.” More evidence that the phony War on Terror is waged against the American people rather than on shadowy men in turbans seeking jihad.
The former head of an Evansville-based company that tried to introduce a currency that competed with the U.S. dollar has been found guilty of federal charges in North Carolina.
Bernard von NotHaus, 67, was convicted Friday by a federal jury of making, possessing and selling his own coins, said Anne M. Tompkins, U.S. attorney for the Western District of North Carolina.
After an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and “monetary architect” of a currency known as the Liberty Dollar, was found guilty of making coins resembling and similar to United States coins; of issuing, passing, selling and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy against the United States.
Von NotHaus, who remains free on bond, faces a sentence of up to 15 years’ imprisonment and a fine of not more than $250,000 on the count related to distributing the coins for use as money and a sentence of five years and fines of $250,000 on counts related to making the coins and the conspiracy charge.
Bernard von NotHaus, 67, is on the front line against the usurious war waged by the Federal Reserve on the American people, and by extension the world. He was convicted last month on conspiracy and counterfeiting charges for making and selling silver coins, the ‘Liberty Dollars’, which he has promoted as inflation-proof competition for the U.S. dollar. It wasn’t that his claims weren’t true - bi-metals are famously inflation-free, it was that he had stood against the Fed and their money printing monopoly.
Federal prosecutors tried to take a hoard of silver Liberty Dollars worth about $7 million that authorities say was to compete with U.S. currency, including “2 tons of freshly minted ‘Ron Paul’ dollars,” coinage stamped with the noble Texas representative’s face. The coins became popular with anti-Fed “sovereign citizens.” Aaron Michel, von NotHaus’ attorney, says the assets belong to his client and about 250,000 people “who left their Liberty coins at Sunshine Minting for safekeeping.” Aaron Michel is appealing the verdict. He argues von NotHaus has done nothing wrong because he didn’t try to pass the Liberty Dollars off as U.S. dollars. “The prosecutors successfully painted Mr. von NotHaus in a false light and now the U.S. attorney responsible for the prosecution is painting the case in a false light, saying that it establishes that private voluntary barter currency is illegal,” Michel writes.
The case involves more than five tons of Liberty Dollars and precious metals seized from a warehouse, which the government wants to take by forfeiture. If barter currency is now illegal, will this mean the end for Disney Dollars, Chuckie Cheese’s tokens as well as the paper currency featured on the popular board game ‘Monopoly’? Von NotHaus began issuing Liberty Dollars way back in 1998, as head of the Evansville, Indiana-based National Organization for the Repeal of the Federal Reserve and Internal Revenue Code.
In 2007, the group’s headquarters were raided along with the Sunshine Mint in Idaho, where the coins were made. The Federal Reserve is of course opposed to any sign of a rival to their monopolistic control of the US economy and by extension the political realm too. Any currency issued, particularly one that has intrinsic value- unlike the US Dollar- is met by a zero-tolerance war from the Fed. Federal prosecutors successfully argued that von NotHaus was, in fact, trying to pass off the silver coins as U.S. currency. Coming in denominations of 5, 10, 20, and 50, the Liberty Dollars also featured a dollar sign, the word “dollar” and the motto “Trust in God,” similar to the “In God We Trust” that appears on U.S. coins.
In a statement that has shocked many Americans, after von NotHaus was convicted, U.S. attorney Anne Tompkins said, “Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.” Forging a tie between minting silver coins for the people and acts of terrorism is a desperate attempt by the government powers to convince the American masses that they’re safer and more secure with the US Dollars, which has been compared by some analysts as nothing more than rolls of toilet paper!
Von NotHaus argued that it’s not illegal to create currency to privately trade goods and services. He also has said his organization took pains to say the Liberty Dollars shouldn’t be called “coins” and shouldn’t be presented as government-minted cash. Among other benefits, Michel’s motion argues, the Liberty Dollars were a means to help keep currency in local communities by creating networks of merchants and consumers who used the money. Numerous cities and regions around the country have experimented with local currency, but laws restrict them from resembling U.S. bills or from being passed off as money printed by the federal government.
The concerns raised by von NotHaus and his group are finding resonance among some state lawmakers, too. About a dozen states have legislation that would allow them to produce their own currency backed by gold or silver in the event of hyperinflation striking the U.S. dollar. North and South Carolina are among those states. That’s partly why von NotHaus’ group has been followed for years by the Southern Poverty Law Center, a group that tracks political extremism.
Long before the government began its investigation into von NotHaus, the group was raising concerns about the popularity of Liberty Dollars among fringe groups on the far right. Even with von NotHaus suppressed, how many other Americans will rise up against the banking elite? The tide appears to be turning, with more and more Americans finally seeing through the illusions of the system. Von NotHaus is currently free on bail. If the conviction against him is upheld, he faces up to 25 years in prison and a fine of $750,000.
Re: How Iceland kicked out international Bankers !!
Are gold resurce Big enough to enable tHat gold standard is back? May be in addition gold-silver also diamond could be added
w alikum assalam
Re: How Iceland kicked out international Bankers !!
BBC Admits Anglosphere Destabilized Libya
nside story of the UK's secret mission to beat Gaddafi ... British efforts to help topple Colonel Gaddafi were not limited to air strikes. On the ground − and on the quiet − special forces soldiers were blending in with rebel fighters. This is the previously untold account of the crucial part they played. The British campaign to overthrow Muammar Gaddafi's regime had its public face − with aircraft dropping bombs, or Royal Navy ships appearing in Libyan waters, but it also had a secret aspect ... In the end, though, British special forces were deployed on the ground in order to help the UK's allies − the Libyan revolutionaries often called the National Transitional Council or NTC. Those with a knowledge of the programme insist "they did a tremendous job" and contributed to the final collapse of the Gaddafi regime.. – BBC Newsnight
Dominant Social Theme: Well ... we Brits did play a role in destabilizing Gaddafi, after all. We're admitting it now because success has many fathers, and we want to make sure we're one of them. We can't run an economy or sustain a world empire but we sure as heck can kill people, even top people, if we want to destabilize their regimes. Word up, eh!
Free-Market Analysis: And thus the Brits crow ... again. Or to put it more precisely, the Anglosphere power elite that is apparently behind much of this weary world's destruction and bloodshed.
Why do they "allow" the release of this article on a functionary media of their own control (the BBC)? Because "they" are interested in ensuring that developing country politicos get the message. The Brits are back and if you don't listen to 'em, you could find yourself dead and lying in a meat freezer for three or four days until your body is dumped in the desert in an unmarked grave.
The message couldn't be clearer. A New World Order is headed your way. And you'd better cooperate. The warning has been sent.
That was the reason as well, in our view, for all the Gaddafi videos that were floating around the Internet. Western culture – under the Anglosphere's fierce gaze – has evolved into an environment where even mothers taking pictures of their children can be seen as evidence of pedophilia.
But the Gaddafi videos – of his murder and potential buggery – and the murders of his sons and other kin deluged the 'Net for weeks. In an environment where even a curse word is often bleeped out and one person striking another can be seen as "excessive violence," the Gaddafi videos stood in marked contrast.
Here you could see Gaddafi, over and over, in a pool of blood while his full execution was plotted. And later on you could see him lying dead in a meat locker. The Western press was suddenly NOT shy about exposing these images. Funny thing, eh?
Of course not. The Anglosphere, in our view, is desperate. The Internet Reformation we've written about for nearly a decade is perhaps proceeding full force. They don't know what to do. It's a process, not an episode, but their toolbox only provides remedies for episodic break-outs of freedom. Those can be controlled.
But under the fierce, pitiless gaze of the Internet, freedom keeps coming and coming ... Information keeps leaking out in dribs and drabs. It's like death by water-torture. How do you handle that? Well ... they've started to murder people at the highest level. They're actively deposing heads of state throughout the developing world. That seems to be one solution, though not a very effective one, in our view.
We're not supposed to know about this – or write about it, of course. But in this case, it's okay. The great central banking families that run the Anglosphere decided to "come clean" about Gaddafi. For reasons that may or may not be fully clear, they've decided to "own" the coup.
This is not the case in Tunisia, Egypt or the Ivory Coast where the Anglosphere was apparently equally involved. The alternative media has done a great job in exposing what's really going on, of course. AYM, the CIA and state-sponsored "youth movement," has trained thousands of young people in the arcane arts of state destabilization – and these activities have been reported on at length.
It's a big false-flag operation, indeed. Get ahead of the Internet by fomenting "color revolutions" that seem to be inspired by it but actually are not. The AYM movement has even spread to the US itself, where the power elite has attempted to harness the Internet in support of its goals of determined misdirection.
OWS and other groups like them have specific signatures, in fact. They are not interested in getting rid of the current authoritarian system. They are simply interested in making things better, in getting "their fair share." Central banking for the most part – the elite's central tool of oppression – is hardly mentioned.
There are other signatures. One hallmark of these apparent false-flag movements is the inevitable vocabulary of "transparency." The idea is that "democracy" must become "transparent" in order to benefit "the people."
Of course, modern democracies are run by the power elite exercising their power behind the scenes via the central banks they control. This power elite has access apparently to hundreds of trillions of dollars at this point and they have used this money to build an authoritarian matrix around the world.
Focus on transparency and you might feel better for a while. But it will leave the real power structure virtually unchecked. Government is a necessity for the power elite, which rules via mercantilism. Whether the government is "transparent" or not, makes no difference to them. Which is why they back it, and float it as an anodyne to "corruption."
No, they don't care. Change government – especially big government – as you choose, and the elites will still prosper. Media, think tanks, universities, political establishments – every aspect of society is permeated by their globalist viewpoint. Transparency will make little or no difference.
In fact, it all worked very well right up until the advent of the Internet. It is the Internet Reformation that has educated us about this vast – unfathomable – project of the elites. And what has been revealed is breathtaking.
In the past several hundred years, certainly since modern central banking took hold, the hold of the elites on the world's formal conversation has increased to nearly unimaginable proportions.
The 20th century was the worst of times for people's understanding of their manipulation. But in the 21st century the Internet has allowed a free-flow of truthful information that has explained (for people who can stand to look) what's actually taking place.
And the great central banking families are going out of their collective mind. For 100 years or more they were careful about the public face of their merciless manipulations. But now they don't seem to care anymore. They're casting the proverbial "caution to the wind."
SOPA, the Internet censorship bill that was supposed to be passed in the US, is failing. That's just one tiny example of a setback. There's the EU itself that is coming apart, global warming that's increasingly discredited, even the War on Terror itself that's not working as intended.
The elite methodology, unfortunately, is war and more war. But in between wars they sink literally trillions into fixed methodologies of control. Think, dear reader, of the amount of time and money that has gone into building a seamless Western matrix of political, media and military facilities that will act in concert to promote power-elite memes.
It is these dominant social themes that the elites have relied upon to ensure that the people of the world voluntarily create the New World Order that the top men so ardently seek. But these fear-based promotions are foundering. Their globalist receptacles are increasingly seen as fruitless and incompetent.
Think ... if you had invested several generations of your family's lives and wealth into building a one-world paradigm – only to see it virtually undone in a decade wouldn't you feel frustrated?
Make no mistake, please. The Internet WAS a mistake. The elites are rich beyond contemplation but they are not supermen. They are not, in our view, even overly intelligent. DARPA created the Internet so that military planning could be shared more efficiently between various players of the military-industrial complex.
But the elites apparently DID NOT see the advent of the personal computer, nor how DARPA's tiny facility would be utilized to create a network that would connect billions. It is what EF Hayek called "spontaneous order." It is the free market itself, which the elites are always fighting, that has dealt what may be a death blow to the current one-world conspiracy.
Secrecy was always their best weapon. How does one build a New World Order when those who are supposed to build it don't want it and are aware they are signing their own death warrant – or at least their children's – if they construct it?
And so they lash out. They've done so in the past. After the advent of the Gutenberg Press (the last time an information-revolution sabotaged power elite control) the very "hounds of Hell" were unleashed. Wars were started – such as the Peasant Wars in Germany – that went on and on for decades without cease. Sound familiar?
What is most interesting is that these wars gradually came to a halt with the signing of the Treaty of Westphalia in the mid-1600s. The wars had been so costly and destabilizing that the elites were apparently forced to conclude them – though the Gutenberg Press's destabilizing influence was felt far longer, in our view.
What does the Treaty of Westphalia have to do with today? Here is some food for thought: The Treaty of Westphalia was essentially undone in 2005, when the top countries of the West voted for something called "responsibility to protect" – R2P – which not only authorizes but virtually demands that countries invade other countries when civilians are seen at risk.
R2P was passed virtually without controversy – or even comment – within the mainstream press. There was a good deal more fuss when, say, Brittany Spears shaved off her hair. But R2P overturned a basic tenet of Western civilization – and the ultimate result was two weeks of videos of Muammar Gaddafi dead and splayed out in a meat locker.
No, folks, the methods of control don't change. Right now, the elites have turned to violence and authoritarianism to try to damp the effects of what we call the Internet Reformation. But from what we can tell, it didn't work the first time, and there's no reason to think it will work now.
People won't voluntarily obey just because they might end up dead, buggered and dumped into an unmarked desert grave. Violence, long-term, is not a relevant solution to social control. It can work for a while but eventually, belief systems need to be inculcated. The best slaves are the ones who don't know they are enslaved. Otherwise, long-term, it doesn't have the requisite impact.
Right now, apparently, the Anglosphere power elite is in full cry. They've forgotten – or at least not internalized – what their ancestors knew and understood. Force is not the solution to an information-revolution. One cannot stop the ocean with a gun. Or keep the desert sand from shifting by building a prison.
The Anglosphere can attempt to intimidate politicians and strongmen the world over but we would argue that it won't work any better than it did after the Gutenberg Press came about. Then, the power structure of Britain was overthrown, the Catholic Church was rent, the fabric of religion itself was reconfigured by numerous schisms, the New World was discovered and populated.
Conclusion: The Anglosphere didn't really regain full control until the 20th century, from what we can tell. And now 100 years later it seems to be happening all over again. What a nightmare!
Re: How Iceland kicked out international Bankers !!
Indonesia group prefers gold as dollar loses shine
By Presi Mandari (AFP) – Feb 16, 2010
JAKARTA — Guided by a Scottish-born convert to Islam, a group of devout Indonesian Muslims is shunning "worthless" paper money in favour of gold and silver coins for their daily transactions.
The followers of Sheikh Abdalqadir as-Sufi -- born Ian Dallas -- trade goods like food, medicine, clothes and phone cards with gold dinars and silver dirhams in line with a strict interpretation of Islamic law.
Their anti-modern views sit uneasily with the naked capitalism of Indonesia's teeming capital, the financial and political centre of one of the fastest growing economies in the world.
"History has proven that, since the prophet Mohammed, the value of one gold dinar for thousands of years has always been equal to the value of one goat," said 33-year-old Kurniawati, who runs a shop in southern Jakarta.
Hoping to follow the example of Mohammad and the first generations of Muslims, the sheikh's followers do their shopping with dirhams worth around 30,000 rupiah (3.20 dollars) and dinars worth 1.43 million (153 dollars).
And they want the government -- or preferably a worldwide Islamic caliphate -- to replace paper currencies with the dinar that was used, in the words of the sheikh, "until the incursions of the kafir financiers in the Muslim lands".
Wakala Induk Nusantara (WIN) is the body responsible for regulating the issuance and distribution of the dinar in the world's most populous Muslim-majority country.
Coins minted in Indonesia are also in circulation in Australia, Malaysia and Singapore, WIN official Riki Rokhman Azis said.
The number of dinars on the local market more than doubled in 2009 to 25,000 pieces, reflecting the movement's growing popularity, he said.
"We decided to mint silver and gold coins in Indonesia following a fatwa issued by Sheikh Abdalqadir as-Sufi in Cape Town of South Africa, banning Muslims from using paper money," Azis told AFP.
Abdalqadir, a former playwright and actor who converted to Islam in the late 1960s, bitterly opposes modern capitalism and advocates a return to forms of Islamic law practised by the first generations after Mohammed.
These include seventh-century systems of trade and, in particular, the requirement of "zakat", or obligatory sharing of wealth, which he says must be done with gold or silver if it is paid in money.
Recent global economic upheavals, with their origins in the US mortgage and derivatives markets, have confirmed in the eyes of the sheikh that the final victory of Islamic finance is at hand.
In a blog on his website dated February 7, the sheikh pronounces the "historical, demonstrated end" of capitalism, and claims Western governments are using the threat of terrorism to distract people from this failure.
"It is time for the enslaved billions of our world today to fear no more the exploding shoes and underpants of the idiot agents of capitalism and to learn what Islam really is," he writes.
One of the key elements to being Muslim, he continues, is "following the messenger in all trade and contracts with honour (and) ... with real-value instruments of exchange like gold and silver".
Some Muslims have countered that a world economy based on gold coins would lead to a powerful cartel of gold-producing countries, while others have noted the potential for market chaos if gold replaced the greenback.
But for the sheikh's followers, such issues seem remote compared to the straightforward injunction to obey the Koran and emulate Mohammed.
"At least four people on average shop here every week with dinars, mostly buying things like rice, cooking oil, soap and clothes," said Kurniawati, a mother-of-three who also runs a dinar exchange service.
She became convinced of the wisdom of using dinars after her husband gave her a wedding dowry in gold coins eight years ago.
"A gold coin was worth 400,000 rupiah in 2002 but now it's at 1.45 million," she said proudly.
Several dinar users expressed a belief that gold never lost value, even though the currency has dropped 14 percent over the past year, according to rates tracked on local website Gerai Dinar.
The rupiah, meanwhile, has gained 29.17 percent against the US dollar since February 2009, while inflation last year was a record low of 2.78 percent. Consumer prices rose 11.07 percent in 2008.
Despite its recent gains, dinar users expressed a deep distrust of the rupiah, which tanked during the 1998-1999 Asian economic crisis.
"The value of the dinar and the dirham always goes up because the price of gold never falls," said food vendor Faturrahman.
"The price of food in rupiah, in contrast, is always rising. It gives me a headache as my income is becoming smaller and smaller."
Re: How Iceland kicked out international Bankers !!
A Gold Standard Is Good?
Monday, January 30, 2012 – by Staff Report
Return of the Gold Standard Imminent ... The gold standard will precipitate a massive deflation. The ensuing chaos will help usher in their coveted New World Order and World Currency. What has been in the cards for decades is now fully on the agenda: the return of the Gold Standard. Gold as currency is a weapon. It is a wealth transfer to those holding Gold, which is not the 99%, and will precipitate a massive deflation. The ensuing chaos will help usher in their coveted New World Order and World Currency. – Anthony Migchels / HenryMakow.com
Dominant Social Theme: Gold is a barbaric metal.
Free-Market Analysis: Energetic social-credit entrepreneur Anthony Migchels is back with a spirited criticism of a "gold standard." His article appears – as have others by him – on Henry Makow's website and is focused on a few main points that have in part been made by other critics of a gold standard.
We are grateful to Mr. Migchels – and to neo-Greenbacker Ellen Brown – for continuing to advance a larger monetary debate over fiat versus money metals, even though we think to some degree it aids those who want even bigger government than we already have.
We won't however conflate Migchel's arguments with Brown's as he has disavowed some of them and has in certain instances seemingly agreed with arguments we've made about central banking and government bureaucracy. Nonetheless, we think we disagree with certain points in this article. Some more:
Numerous stories pertaining to Gold as currency have appeared recently. Last week alone, it was reported that India will pay Iran in gold for their oil imports. In another development, China, Japan, Russia, France and a number of Arab states will pay each other with a basket of currencies, including Gold.
Yet another story was about World Bank President Robert Zoellick, who has been promoting a Gold Standard for years, 'admitting' the demise of the dollar reflects 'a changing balance of power' in the world. Even Newt Gingrich has jumped aboard the gold train.
These stories are framed as resistance against the dollar hegemony and of course that is only a part of the story ... But the decline of the dollar is only part of the story. The dollar is only the current vehicle the Money Power uses to rule international finance. It doesn't care for the vehicle itself, as long as it has a suitable successor and that will be Gold.
And in the US itself there also is a strong drive towards Gold as currency. The onslaught by Austrian Economics in the Alternative Media comes to mind. And Ron Paul of course. He openly calls for Gold as currency. In this respect, he clearly is the ultimate internationalist candidate. This contrasts sharply with his patriotic 'constitutionalism'.
Some of this is good! Some of this, we've have pointed out in various articles ourselves. We think, possibly, that Money Power is deliberately breaking down the "old" economic order in order to create some sort of one-world currency. We think gold may be part of it – and we're surely not in favor of this sort of "directed history" when it comes to monetary schemes.
But we also believe that money, historically, has proven out to be gold and silver; though as hard-money economist Murray Rothbard pointed out, money has ALSO been virtually anything that people have decided it is.
However, Rothbard, from what we can tell, was mostly talking about commodity money – shells, salt, copper discs, etc., that are injected into economies via MARKET FORCES. The problem comes when certain monetary theorists want to use monopoly power (often of the state) to produce pure-paper money.
Once the state (or its adjuncts) decides to assume the power to "print" money, the marketplace monitor that works so well for private money is disassembled. Those who work (for the state, especially) do not know how much money is "enough" money – nor can they.
Migchels also states that libertarian-Republican presidential candidate and Congressman Ron Paul "lies" about the Constitution "saying the constitution says we should have Gold as currency ... but other units are allowed."
In fact, the US mints were clearly set up to stamp metals into coins and the intent of the founders regarding money metals seems fairly clear. In an educational article entitled "What Is a Dollar," well-known libertarian writer Edward Vieira, Jr. writes:
History shows that the real "dollar" is a coin containing 371.25 grains (troy) of fine silver.
a. The "dollar" in the Constitution. Both Article I, Section 9, Clause 1 of the Constitution and the Seventh Amendment use the noun "dollar." The Constitution does not define the "dollar," though, because in the late 1700s everyone knew that the word meant the silver Spanish milled dollar.
b. Adoption of the "dollar" as the "Money-Unit" prior to ratification of the Constitution. The Founding Fathers did not need explicitly to adopt the "dollar" as the national unit of money or to define the "dollar" in the Constitution, because the Continental Congress had already done so.
Migchels doesn't seem to fully define the difference between a state and a private gold or gold-and-silver standard. One standard is imposed by force and the other is not. What is the harm in having a standard that is voluntarily imposed and utilized?
The idea apparently is that even with a voluntary gold or gold and silver standard, the elites would continue to control the world's money system because they own most of the metal extant.
We're not sure this accurate to begin with, but even it is we're not sure it makes much difference. In a free money system, it would be difficult to control a money marketplace. If one wanted to try to manipulate markets, one would have to issue out money metals – or hoard them – at which point the price would go up ... or down.
The Anglosphere power elite, from what we can tell, is almost entirely allergic to using its own funds for purposes of realizing a New World Order. We find it highly doubtful that such a group would pour money into the marketplace to devalue gold or silver – especially since those holding most of the money metals would be the most affected.
If the elite tried to hoard metals, people likely would simply dig up more of it, devaluing what was already above-ground. In a free market, money manipulations are very difficult, if not impossible, especially over a long period of time.
Migchels makes the point that a Gold Standard would be "an unmitigated disaster" that would lead to excruciating deflation. But what is wrong with deflation? Murray Rothbard was fond of pointing out that in a full-gold-standard environment, goods and services would become more affordable as technology brought down their provision.
The point, apparently, according to Mr. Migchels, is that "Deflation is a horror for debtors, who see their debts and the interest they pay over them grow worse in real terms." But in a deflationary environment, those who held commodity money would see their assets appreciate, even if their debt did as well.
Mr. Migchels quotes the "Protocols" as saying: 'You are aware that the gold standard has been the ruin of the States which adopted it, for it has not been able to satisfy the demands for money, the more so that we have removed gold from circulation as far as possible."
The trouble with this quote is that it is difficult to establish definitively where the Protocols came from or whose views they represented. (We've actually written about this in the past.) But even assuming that the Protocols speak for "all Jews" – or even a Jewish "ruling class," the statement is seemingly vague. It makes no distinction between a free-market standard and a state-mandated one.
Mr. Migchels writes that, "Far from a 'solution', the coming Gold Standard is the logical next step in the Money Power plan of destabilization and order out of chaos. We will have a long and painful depression. Although it is not certain that Gold will completely replace paper, it is obvious that we will know scarce money and contraction for years to come."
This is only certain if the powers-that-be are able to mandate a state-run gold standard. State power is always to be feared, especially in the context of a new monetary system. But we would argue, on the other hand, that no one has to fear money that is created within the context of the market itself.
For some reason, part of the alternative media is consumed with fear when it comes to money metals. We think the real agenda may be that even critics of the current system that reside on the alternative media cannot entirely give up their yen to control society via the levers of state authoritarianism.
They want to have it both ways, in other words – criticizing the current system but making state power available for their various nostrums. Within this context, it is important to remember that every law and regulation is a price fix transferring wealth from those who earned it to those who did not and have little idea what to do with it.
Let the market itself decide on money. Don't fear money metals! Gold and silver have been the historical money of choice for thousands of years. A free-market gold and silver standard has apparently proven especially utile in the past.
Conclusion: If money competes – as we hope it will – we would be surprised if gold and silver don't eventually win out. Hopefully, one day, we'll be in a position to see if this is true ...
Re: How Iceland kicked out international Bankers !!
Regional Currencies in Germany: the Chiemgauer
Chiemgauer is a wonderful inspiration in humanity’s struggle against the Money Power.
In our our series analyzing different monetary systems, we continue in Germany, where dozens of privately operated Regional Currencies circulate. The most important one is the Chiemgauer, turning over more than 5 million per year and growing at a rate of 100% per annum. It circulates in Rosenheim, Southern Germany, only 30 miles away from Wörgl, where Mayor Unterguggenberger launched his legendary ‘Freigeld’ experiment almost 80 years ago.
The Regio Geld movement began after the introduction of the Euro. A reaction to the loss of the D-Mark that had served Germany relatively well since the Second World War. Germany enjoys an elevated awareness of monetary matters as a result of the horrible lessons of first the Weimar hyperinflation, then the excruciating deflation of the Great Depression, followed by Hitler’s interest-free economy.
The basic rationale for the German regional currencies is to combat capital scarcity and capital costs.
Let’s first analyze the Chiemgauer’s monetary architecture, and then see how it helps to alleviate these problems.
The Chiemgauer’s design
1 Chiemgauer = 1 Euro. Participants must accept Chiemgauer at this value. Basically this means that the Chiemgauer uses the Euro’s Unit of Account function. This is practical, because it avoids daily changing prices in Chiemgauer and allows price transparency for its users. Most ‘complementary currencies’, currencies circulating beside a dominant national unit, operate in this way.
The downside is also clear: it imports Euro’s rising prices and leaves it vulnerable to Euro’s instability. However, these risks should not be overestimated: another unit of account can be used if Euro’s problems become acute.
The Chiemgauer is a Euro backed unit and convertible to Euro. Firms and consumers can buy a Chiemgauer for 1 Euro of which 3 cents go to a local charity of the consumer’s choice. This is the basic incentive for individuals to pay with Chiemgauer instead of Euro. A further 2 cents are for the issuing organization to cover its costs.
When a firm wants to convert a Chiemgauer back into Euro, it receives 95 cents. This is to motivate local firms to pay their suppliers with Chiemgauer, and thus keep the money in the local economy.
Chiemgauer uses a demurrage: basically a tax on holding money. A Chiemgauer expires every three months. The one
holding the note when it expires must pay 2% of the nominal value of the note to reactivate it. This is Silvio Gesell’s invention and it was also the secret of the Wörgl. By diminishing the ‘store of value’ function in this way, its ‘means of exchange’ function is enhanced. As a result the Chiemgauer circulates about 2,5 times faster than Euro, meaning less money is required to finance the same economic activity.
Chiemgauer history and development
Christian Gelleri, an economics teacher, created the Chiemgauer with his students in 2003. It faced a difficult start, with only a handful of firms willing to join the experiment. But it quickly gained traction.
Chiemgauer is now accepted by over 600 businesses in the Rosenheim district, with about 500.000 inhabitants. It turns over more than 5 million Chiemgauer per year. Although this is only 0,2% of Rosenheim’s economy, the Chiemgauer’s turnover is growing at a whopping 100% per year. This means it will take only a few more years before it will become a major asset to the local economy.
Gelleri is not shy in his ambitions: he expects the Chiemgauer to eventually finance about 50% of the regional economy.
More is impossible, because taxation and international trade will continue to rely on euro.
But it is clear that when this ambition materializes, it will raise many eyebrows and would imply a major assault on the Money Power’s currency monopoly.
Gelleri has managed to provide the Chiemgauer with a solid footing in the community. By engaging local charities, who have a clear incentive to work with the Chiemgauer because of the 3% they get when people buy it, he has created a strong network of organizations promoting his unit.
He has also managed to enlist a local bank, the anthroposophical GLS bank. Germany has a relatively decentralized banking system, where ‘Landes Banken’ have close relations with small and medium sized businesses. This is one of the key factors behind Germany’s post war economic success.
The cooperation with GLS bank is important, because Euro backed and convertible units are only legal when they are restricted to paper notes. To allow bank accounts for the currency, a banking license is required.
And to challenge Euro in the business world without a solid system of bank accounts is unthinkable in this era of internet and automated adminstration.
So why is the Chiemgauer important? In the first place it is another clear example of a privately operated currency, without State backing. It proves a means of exchange can be completely paper based without State coercion. Money is anything that is agreed upon as a means of exchange. No coercion is necessary if the paper adds value for market players.
Regional Currencies are important. If anything, the Euro crisis has made clear that monopoly currencies circulating in vast area’s like Europe, but also the United States, leads to imbalances between more and less competitive regions.
The less competitive regions have a negative balance of payments, resulting in deflationary pressures in the local economy.
Chiemgauer cannot be used outside the Rosenheim region and thus stops the leaking away of capital. It alleviates the pressures of capital scarcity and makes the region less vulnerable to international instability.
Chiemgauer also addresses cost for capital: because it circulates 2,5 times quicker, the same amount of economic activity can be realized with only 40% of the money, implying 60% lower cost for capital (interest) for the community.
The Chiemgauer’s key limitation is that it cannot provide interest-free credit. It is a Euro backed unit, not Mutual Credit.
Chiemgauer does offer credit, which is a breakthrough in itself and quite uncommon for the time being, but it is priced at 7% per year.
However, this limitation is partly offset by it’s much faster circulation.
The Chiemgauer is a great success. One can survive for months on end in Rosenheim without spending one Euro. It leads the way for Regional Currencies worldwide. It proves that dedicated people can create cheap and abundant capital, notwithstanding annoying legal limitations.
Chiemgauer is a wonderful inspiration in humanity’s struggle against the Money Power.