BENEFITS STREET is in WESTMINSTER!

But the current government think they need to cut ‘benefits’ to address the State’s institutionalised indebtedness…

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Report by CHRIS EVERARD in London:  Some corrupt Members of Parliament (who were recently exposed making false expenses claims by THE ENIGMA CHANNEL), have served very short jail times for defrauding the British people. Just 18 months after the scandal was exposed, the Benefits bill in Parliament is raging up again – now topping more than a £100,000,000 pounds [$158m US]! New data just published shows that the expenses and benefits claimed by the members of parliament cost the tax payer more than £103million every 365 days.

About £4million pounds is given in wages to the wives and relatives of members of parliament who are employed as ‘secretaries’ –…

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ARGENTINIAN PRESIDENT Cristina Fernandez during UN General Assembly about DEBT, IMF and SOCIAL INCLUSION

She also talks about

• ‘vulture funds’ and how, today, Argentina is bullied by them, in complicity with the legal profession
• ‘economic terrorists’ – just as as published in Confessions of an Economic Hitman

Systemically speaking, it’s the same circus with different clowns – whether at state or at individual levels:

• public interest means private pockets
• the creation of money is protected by the legal profession
• the legal profession prefers to serve its financial masters, the banksters, than their clients
• the financial profession have turned into ‘banksters’
• ‘professionals’ don’t act in the interest of their clients, as they prefer to keep their jobs and pensions…

Related articles

• Banksters refuse to take haircut on Argentina debt, forcing default
• Keiser Report: Financial Ebola
• Argentina Kicking Out Central Bankster Clubmember An Act of Defiance!

FROM THE HORSE’s mouth: World Bank Whistleblower on how Global Elite rules the 99%

The impact of what we say and what we write depends a lot on our ‘credibility’. When ‘ordinary people’ say that the world is run by the Basel Bank for International Settlements as the central bank of central banks, nobody understands them. When a world bank whistleblower writes it, they will, hopefully, believe her:

Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.

She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet.

The goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works.

Remember, this is not some “conspiracy theorist” that is saying these things. This is a Yale-educated attorney that worked inside the World Bank for more than two decades. The following summary of her credentials comes directly from her website…

NATIONAL CREDIT and the Bradburys – from the Author of The Money Bomb

This 5-page article was written by James Gibb Stuart who passed away after 93 years of a life filled with passion for monetary reform.

His book The Money Bomb made such an impact on the City’s establishment that it was banned from WH Smith’s windows after a positive review in the Evening Standard…

With ‘social media’ we have a new chance to make the Bradbury happen and abolish the national debt in the process:

• Re-Issue the Bradbury Pound – ‘treasury money’ rather than ‘bank money’
• Bring back Bradburys – to compensate victims of white collar crimes
• Restore the Bradbury – in anticipation of its 100th anniversary in August 2014

A FLAW in the Monetary System?

This seven-minute video shows better than any other medium how devastating the effect of compounding interest upon interest is.

The trouble is that, by now, brainwashing (rather than education) has been so successful that everybody thinks ‘money’ must be borrowed. At interest. Nobody asks where the interest is supposed to come from.

And there is a big difference whether

• you and I borrow for our personal or small business needs (little money)
• whether banks and central banks borrow (making money out of money aka usury)
• and whether the Government borrows ‘big’ money

1. for its own needs
2. the provision of public services
3. the compensation for shortcomings provided by public officials
4. to ‘run’ the economy – which it hardly does, compared with the effect of money as debt.

Yes, it’s about ‘big’ money and ‘little’ money, and it’s about long and short time frames. That’s what the video shows!

‘Austerity cuts’ are far from necessary. But The Bradbury Pound is not known, since it is not taught by any economist. For the bank(st)ers do their best to camouflage what they are doing: create money from thin air and charge interest for it.

The big question is: why do all politicians seem to fall for this ‘trick’ such it has been beautifully institutionalised into the Debt Management Office?

The history of the national debt is published here. But who benefits is not published, i.e. the recipients of interest payments!

Related articles

• PAUL MCCULLEY: Fiscal Austerity Today Makes As Much Sense As Putting An Anorexic On A Diet (businessinsider.com)
• 10 Good Reasons for Monetary Reform (positivemoney.org)
• China’s Central Bank Official Calls For New Monetary System (silveristhenew.com)
• Act Before the Bail-In: Now Is the Moment to Seize Public Banking (antioligarch.wordpress.com)
• TODAY: 99th Anniversary of the Bradbury Pound – historic precedence of Government issued ‘Credit’ (forumforstablecurrencies.info)
• The Disturbing Evolution of Central Banking (safehaven.com)
• New video describes “A flaw in the monetary system” (beyondmoney.net)
• A Not-For-Profit World Economy Can Change the Monetary System (positivemoney.org)

New analysis claims US may default 15 days prior to the actual date

This article is a guest contribution that illustrates how the language of personal debts is camouflaged when talking about national debts:

• the repayment by personal debts is legally enforcible
• the repayment of national debts doesn’t matter as long as interest payments reach the bank accounts of those with ‘vested interests’…

Now, however, as people are beginning to wake up to the impossibility of ‘growing debt’ forever, ‘debt ceilings’ are used

• either to bankrupt governments or
• at least to reduce public spending.

Hopefully more and more people see how money has become a tool to control and has ceased to be a medium of exchange, let alone a store of value…

Maybe the ease with which ‘money’ is created as debt should be kept separate from controlling a nation’s money supply?

The Absurdity of the National Debt – published by The Duke of Bedford in 1947

We are not the first in history

to notice the tension

between the City of London and the City of Westminster…

Page 1 – Page 2 – Page 3 – Page 4

One of the gems on Financial Reform.

How quickly the national debt rises in the UK and how an app brings the problem to US phones

An interesting chart about the UK national debt by an interesting organisation: the Economic Research Council – with an explanation here, about the huge increase. How come I just read today that the PM claims the national deficit has been cut by more than a quarter? I suppose the deficit is not equal to the debt in his mind…

Also interesting is the previous chart:

‘Debt Bomb’: this new app shows you exactly how the national debt will affect you (theblaze.com)

Related articles

• These Two Charts Might Change Everything You Believe About The National Debt (businessinsider.com)
• Theft through Interest and Compounded Interest on National Debts (forumnews.wordpress.com)
• Game Over for Debt? (cleardebt.co.uk)
• When Will the Day of Reckoning Come for the US National Debt? (safehaven.com)
• Nicholas Tsagourias: Sharing the debt burden (scotsman.com)

USdebt.kleptocracy.us: a great visualization of the US national debt

It’s too bad that most people don’t appreciate the significance of the national debt. In view of the visualization that simply illustrates the HUGE number of dollars, let me repeat my essential points here:

1. Governments always had the right to mint their coins and print their notes
2. In 1694, the Bank of England was established to lend the then King the first national debt at 8%; why was the King so naive, one has to ask
3. Banks have gradually virtually replaced the interest-free money of governments (Cash) by interest-bearing Credit
4. the national debt will never be paid back; but interest payments come in regularly to those who know about the issuance of national debt bonds and can afford to buy them
5. by continuously increasing the need to pay more and more interest, the economy acquires an artificial pace and speed
6. it is effectively a deep betrayal of the taxpayer who is made to believe that his taxes are the income of the state, when, in fact,

• taxes are only a share of the income of the State
• borrowing is the other source of income that could be entirely be replaced by governments printing their own money.

The argument that ‘printing money’ means creating ‘inflation’, is not accurate, since there are two kinds of inflation to consider:

1. price inflation
2. monetary inflation, i.e. the increase of the money supply.

The wise way would be to reduce the share of Credit in the money supply and to watch the Cash : Credit ratio go towards 50/50, as it was before WWII.

Here’s the visualisation of the US National Debt.

Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs!

Here is an interview by Iranian Press TV with Michael Burns, an American economist.

While he doesn’t answer the questions particularly well, at least the gist of what he’s saying is

• that money is created from nothing and sold for “interest”
• that the Fed didn’t solve the ‘crisis’ in 2008
• that the American people were lied to.