by Iain Parker
[Editor’s note: This was originally posted on Iain Parkers site here.]
Sir Josiah Stamp President of the Bank of England, in an 1920’s informal talk to 150 University of Texas students said;
“Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits.”
The Money System is Simple
A giving of something (goods or work services) for nothing expected in return, is a gift.
A swap trade of things on the spot, at the same time, is a barter trade. It normally involves a haggle over value (who gets how much for what). It is clunky due the double coincidence of wants. The need to find a trader that wants what you have and haves what you want, before a swap trade can happen. It makes producing perishables for trade very risky.
A swap trade of things with a part not being provided on the spot, with an agreement that the other part will be provided by the other party at a later time, is a contract of credit. It normally involves a haggle over value (who gets how much for what) and an assessment that the later payment party can be trusted and has the sustainable natural resource ability to complete their end of the deal (creditworthiness).
A record of the outstanding IOU part of a contract of credit can be done in various ways: In the heads of the traders. On coins, paper or tokens was predominant in old times.
In modern times written on paper or in a computer has become predominant. Anything but that in the heads of traders are physical representations of credit.
When credit becomes involved, the swap trade has evolved from a barter trade into a money system funding structure for trade.
If a money system grows beyond two traders and the physical representation of the outstanding IOU parts of credit become transferable among traders, they evolve into currency.
It smooths the double coincidence of wants, as traders can exchange goods for currency they can then wait to redeem (purchasing power) at a later time, with more choice.
It makes the production and trade of perishables less risky.
It makes large mismatches of credit value able to be smoothed by way of repayment via a greater number of installments, rather than the full value.
A money system funding structure hub acts as a match making focal point of credit for traders who have things surplus to their own needs that are seeking other traders in the same situation.
It is essentially an old fashioned trading post with a modern innovation of a money system to make things easier.
As the number of parties within a money system grows, in order to keep it honest and as useful as possible, a credit clearinghouse administration is required — to ensure that something real was provided into the money system in the first instance, and that the sustainable physical means exists to cover the IOU portion for every unit of currency in existence. And that every unit of currency is extinguished from circulation when it is finally redeemed for the outstanding owed value of the credit contract it represents.
Things get out of whack if the administration fails to keep the system honest or the administration itself becomes dishonest.
No matter who is administering the system, private, state or religion — if anyone is able to sneak currency into the system, of which the first part of the credit deal was never provided to the money system or obtain credit without any intent or means to complete their part of the deal (Counterfeit Credit), then successfully pass it off as legitimate purchasing or lending power, they will illegitimately monopolize the the real wealth of the system by fraud and eventually destroy value and faith in the system.
At present the money systems within, or involving groups of nations, are so far removed from the base fundamentals of money — counterfeit of credit so prevalent, that the level of inequality is evolving into violent struggle between honest participants frustrated at why ends do not meet for them. And the counterfeiters trying to keep control of and divert attention away from the imperialist pyramid control fraud they have built.
[Expanding from another of Parker’s articles]
Vincent Cartwright Vickers, 1941
Vincent Cartright Vickers was made a governor of the Bank of England in 1910 (resigned 1919). He was a Deputy Lieutenant of the City of London, and a director of the London Assurance from which he resigned in January 1939. He became President of the Economic Reform Club and Institute. He wrote:
“Humanity is not suffering from unavoidable circumstances over which it has no control, but from the results of deliberate and dishonest actions of its own creation and invention. Fundamental laws, originally designed for the common welfare of the individuals of a community, have been broken – community laws which were never intended to permit the individual to grow fat upon the poverty of others…
[Written in 1941, he said of the war] “Are we now fighting to uphold freedom and democracy, or are we fighting to uphold and strengthen the dictatorship of international finance?
“Any additional supply of money should be issued as a clear asset to the State — so that money will be spent into existence, and not lent into existence… [with] The abolition of the Debt System where all credit is created by the banks and hired out at interest to the country…”
At the Mercy of Debt Merchants by Alfred Pearson, 1969
“It is one of the paradoxes of civilization that money is the one thing that is needed, and used, by more people than anything else, while it is at the same time, the least understood by them. There is no object more desperately sought for every minute of a person’s life. Man will labor until aching muscles prevent sleep, he will put his life at stake, and he will steal and commit murder in order to acquire it. How strange that he evinces such little interest in understanding what money is, how it is created, and who controls the amount in circulation…
“History reveals a constant struggle by governments, and their citizens, to limit the power wielded by private bankers. So powerful have the bankers been, and so beholden have governments been to the bankers, that at no time has any major nation been successful in setting up an honest and adequate money system that was solely under the jurisdiction of the sovereign people.
“Unfortunately, it has always been the ignorance of the people and the supine indifference of their representatives and government that have permitted a minority to usurp the issuance and control of money–a function that belongs exclusively and absolutely to the people through their government.”
I didn’t catch that it was Dee till the end.
.
This is a comment sent to me by Christopher Brooks (re: this article):
“In it’s simplest of terms banks create all our money from thin air via the process of issuing credit/debt.
When a bank takes a mortgage it enters a balancing debt and credit amount on both sides of the ledger.
This is new money into existence which incurs fees and interest that can never be mathematically extinguished in full over time as the cost of bank money is greater than the amount issued.
This is the debt trap as it means more bank money must be borrowed in time to service the past borrowing.
Individuals, business, and Governments, are all in the same perpetual debt trap that delivers concentrated benefits and privilege to those at the apex of the “printing press” operations.
Like all subjects the “money trick” can only be fully understood in the dynamic complexity of the associating strategies and methodologies of political and economic monopoly power, a money monopoly facilitates.
Ironically, the money monopolists have unlimited money resource to buy a false reality in all the populist organs of information, that no such money monopoly conspiracy does in fact exist.
Occasionally the spell over the public mind is threatened, but moral people have to face the reality that the money changer class will assassinate politically, and physically if necessary, individuals, associations, or Nations that threaten their monopoly.
All of this proceeds with the confusing and deceptive complexities of false problems like “unemployment”, “government budget deficit crisis”, and the never ending “war on terror” that generates local misery and world wide refugee stress and conflict.
A very great deal of our ills are caused by the policy of monopoly which is the antithesis of genuine individual choice and freedom. The “money changer trick” is the key element or method of the policy of monopoly.”
G.Edward Griffin in his book “The Creature from Jekyll Island” calls the money changer trick “The Mandrake Mechanism” in honour of the famous magician Mandrake. He was an expert at conjuring stuff from out of nothing. Just like Central Banks and their flunkies in The Banking System do. They conjure credit (aka currency) out of thin air and charge principal and interest on it.
Not one in ten thousand people understand this concept.
Here’s the best 7 minute explanation I’ve seen. Show your kids!
(Don’t bother with adults you know. They’re too stupid mostly)
Sorry wrong link. Try this one.
Great video — thanks
yep thanks Phil -it is a good video, even I understand Im being screwed, I really want to now just stop paying my mortgage, and send the bank a link to this gumshoe article instead. Ill never pay it off anyway. bring on the inevitable!
Seize the moment, Call the bluff, Strike while the iron’s hot!
And for a deeper understanding, try this.
One in ten thousand only uderstand!
Only six comments.
We are stuffed.
What is missing from the article is the fact that countries that do not bend to the Rothschild monoplistic banker criminals are those that are condemned, white anted and invaded. the countries are whiteanted from within by traitorouss banker politicians.
One in ten thousand?
Not one in our Parliament has a clue …….. oops, there is one and he is our Prime Minister from Goldman sucks.
In about 1694 King Henry 1 invented the tally stick system for financial transactions and as a form of currency.
But ‘the tally system was whacked’ (search the article) by the greedy control freak bankers.
Time to rid the planet of the bankers, their prostituted; politicians, apologists and mass media and salute Henry ( ‘the one’) by reintroducing his financial system of tally sticks.
Sorry if tally sticks and a new financial system might be more important to consider to rebel against Dr. Day’s exposure of the plan for the enslavement of our people and the introduction of fascist global totalitarian control by using debt, invented by the internternational bankers.
Ned, debt has got most people in a grip. But each of them thinks of it as personal, they don’t know the Dr Day plan.
Yes indeed most people in debt.
The big picture however is that they put countries into debt and thus the banker freaks control the whole country…… like Australia.
The politicians are controlled and squander our money to create the debt so the bankers get the interest.
Australia is paying many millions per day in interest to the criminals. Oooooops sorry, we are borrowing millions per day to pay the interest.
The system is a ponzi scheme that has to explode……. ww111 should do it.
Mrs. Rothschild should lament the birth of her sons.
Not to mention that nice Mr Rothschild who boasted: “‘So long as I control the money, I care not who runs the government” ( or something very similar)
That raises the interesting question Why do they seem to care (oppose) at the moment the fact that Trumpie is in office?
not only does government NEED to be done Mary, it must be seen to [APPEAR] to be done
“That raises the interesting question Why do they seem to care (oppose) at the moment the fact that Trumpie is in office?”
My belief? Its because they don’t own him like they have so many past Presidents. (Bribery/Blackmail) All they have so far on Trump appears to be the blunt instrument of coercion, and the trouble they have with that is that Trump is somewhat fearless, and I suspect he knows all this already. It doesn’t matter what he says on any issue, or how hard he publicly felates the Chosen Ones at AIPAC. They don’t have that final insurance-level layer of control that the value so much more than mere loyalty. That’s why David Frum’s proverbial Mighty Wurlitzer has been brought to bear against him. That’s what I think.
Thus explains the distractions in many bullshit motherhood comments in articles below…….. theorise all you like chaps with distractions to disguise the real problem….the f’n bankers.
Hopefully we can now get 2 out of every thousand or so to wake up.
At least we, the 99.999999% can deal with the rest of the world’s control freaks and their miserable apologists….? If awakened.
By the way: look up Mike Rivero’s exposure; ‘all wars are banker’s wars’
Do not overlook that poor mother; Mrs Rothschild’s lament; ‘If I had not son’s there would not be wars’. ( or something similar)
There you go Nemy, now tell us about your muslims again!
Sorry Mary.
😃
You will stay after school til 5pm, young Ned.
years ago, a mate of mine, struggling a bit with life, homeless, fond of the bottle, went into a bank one day, and wrote on the back of a withdrawal slip “give me all your money, this is a robbery” and queued up.
in turn, he handed the note to the teller, who then passed him about $300. he walked out the bank down the street to the chemist and bought a bottle of cough medicine, which he promptly drank.
not long after, the constabulary gave him a lift to the local lock up. ( even if he did rock the paddy wagon they wouldnt have stopped and bashed him )
in court, the judge did note the appropriateness of the demand being written on a withdrawal slip before he asked my mate,
“Why did you rob the bank?”
and my mate answered,
“Because thats where they keep the money.”
stupid question really. but six months.
I cant find the link now, but i recently read about a trader who defrauded someone, clients? boss? for multi millions, was convicted and sentenced to less than two years gaol, and a homeless man, theft of less than 1k, sentenced to 15 years.
seems its scalable, so if im gonna steal anything, ( and i just might ) im gonna clean out fort knox, and if i do get caught, by all accounts I should be let off, with a stern warning and a wink and a nudge.
I once spent two years lining up corporate crooks and resolved if I was inclined, I would steal multiple millions and be likely to get away with it. But I got the bastards and cancer finished off the sentence within 18 months of a three months of a npp,
He was not a banker executive. They are under a diferent legal system.
Sorry to disappoint FD.
What leads you to believe that there is anything in Fort Knox?
well there’s a Big ol “X” on this map i have, but yeah, it is an old map. i see theres some divining rods going cheap on ebay..
That was funny!
In the U.S. (and probably elsewhere) we have the credit bureaus that give you a ‘credit score’. The more credit you have the higher the score and the more credit they want to give you. We have one credit and so we are looked down on. We have no debt and so no one wants to give up credit. I established the one account so that we could get a credit score, otherwise we would have a hard time even renting. Somehow people have associated debt with being responsible. In my eyes, being responsible is saving your money and buying something you want when you can afford it – the only exception I allow to this rule is the possible purchase of real estate (property), but would still rather save and purchase that with cash also. I’m an out cast and an accountant, maybe my years being accountant taught me to not trust the banking system 😉
What focused method can we design and activate to expose the truth and make our politicians, academics, and journalists accountable?
How do we achieve this without falling victim to all the forces and tactics of retribution that can be aimed at ourselves and our families?
I love this video! Excellent representation even though most still won’t get! lol