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…
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… Continue reading
Posted in Bank for International Settlements, Banks, Credit creation, Government debt, Money as Debt, Nation States, National debt, Public debt, Sovereign debt
Tagged ETH Zurich, Goldman Sachs, Hudes, Karen Hudes, Senior Counsel, United States, World Bank, Yale Law School
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:
Posted in Bank of England, Banks, Bradbury Pound, Campaigning, Cash, Central Banks, City of London, Credit creation, Debt Management Office, Government budgets, Government debt, Money, Money as Debt, National debt, Public debt, Sovereign debt, United Kingdom
Tagged Bradbury, Credit (finance), government debt, James Gibb Stuart, Money Bomb, Ray Bradbury, United States Treasury security, White-collar crime
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
- for its own needs
- the provision of public services
- the compensation for shortcomings provided by public officials
- 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!
Posted in Banks, Central Banks, City of London, Compound Interest, Credit creation, Debt Management Office, Government budgets, Government debt, Money as Debt, National debt, Public debt, United Kingdom
Tagged Business, Central bank, Directories, Federal Reserve System, Finance, Government, Interest, Monetary policy
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? Continue reading
Posted in Banks, Central Banks, Credit creation, Currencies, Dollar, Federal Reserve, Government debt, Monetary inflation, National debt, Public debt, Sovereign debt
Tagged Barack Obama, Bipartisan Policy Center, Congress, Jay Carney, Treasury, United States, United States public debt, White House
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.
Posted in Bank of England, Government debt, Money as Debt, National debt, Public debt, Sovereign debt
Tagged Bedford Heights Ohio, City of London, City of Westminster, England, government debt, national debt, Page 2, Page 3 (film), Paris, public debts, Recreation
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:
Posted in Government debt, National debt, Public debt, United Kingdom
Tagged Business, Debt, Financial Planning, Financial Services, Government, government debt, United States, United States Treasury security
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:
- Governments always had the right to mint their coins and print their notes
- 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
- Banks have gradually virtually replaced the interest-free money of governments (Cash) by interest-bearing Credit
- 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
- by continuously increasing the need to pay more and more interest, the economy acquires an artificial pace and speed
- 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:
- price inflation
- 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.
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.