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 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
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.
This US video was published on Daily Paul – the blog relating to Dr. Ron Paul the tireless campaigner for monetary reform who is now in charge of a Congress Committee with which he might make a real difference.
The video spells out how ‘all things political’ are happening from, by, through and with ‘the banks’, including the ‘Banco Vaticano’.
Here is Part 2. There is a total of eleven videos in this series.