Sunday, February 08, 2009

What Is Da Central Bank? : "Wally-Nomics 103"

A central bank is an institution that produces the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates and the control of the money supply, or inflation. The central bank does not simply supply a government's economy with money, it loans it to them at interest. Then through the use of increasing and decreasing of supply of money the central bank regulates the value of the currency being issued. It is critical to understand that the entire structure of this system can only produce one thing in the long run: DEBT.
It doesn't take a lot of ingenuity to figure their scam now. For, every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percent of debt based on that dollar. And since the central bank has the monopoly of the production of the currency for the entire country and they loan each dollar out with an immediate debt attached to it, where does the money that pay for the debt come from? It can only come from the central bank again. Which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created which in turn, since that new money is loaned out at interest as well creates even more debt? The end result of this system without fail is slavery for it is impossible for the government, and thus the public, to ever come out of the self-generating debt. The founding fathers of this country were well aware of this.
“I believe that banking institution are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency… the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered”-Thomas Jefferson (1743-1826)

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”-Sir Josiah Stamp (1880-1941)

By the early 20th century the US have already implemented and removed a few central banking systems, which were swindled into place by the ruthless banking interests. At this time, the dominate families in the banking and business world were: J.D. Rockefeller, J.P. Morgan, Paul Warburg, Baron Rothschild. And in they early 1900's they sought to push once again legislation to create another central bank. However, they knew the Government and public were very wary of such an institution. So they needed to create an incident to affect the public opinion. So J.P.Morgan, publicly considered a financial luminary at the time, exploited his mass influence by publishing rumours about a prominent bank in New York wasn't solvent or bankrupt. Morgan new this would cause mass hysteria which would affect other banks as well. And it did. The public in fear of losing their deposits immediately began mass withdrawals. Consequently, the banks were forced to call in their loans causing their recipients to sell their property and thus the spiral of bankruptcies, repossessions and turmoil emerged. Putting the pieces together a few years later... Fredrik Allen of Life Magazine wrote:

“The Morgan interests took advantage… to participate the panic [of 1907] guiding it shrewdly as it progressed” –Frederik Allen, Life Magazine

"Panic is the theme in banking. Start a panic and get the masses to lose confidence in their own companies, the shareholders lose their life savings, then the bank swoops in, destroys, sells off to the same group of individuals... Start again...etc..." Wallycrawler 2009

Borrowed From The Zeitgeist Movement.
"You know, it's a mystery as to why people think Roosevelt's policies pulled us out of the Depression. The problem was that you had unemployed machines and unemployed people. How do you get them together by forming industrial cartels and keeping prices and wages up?":
Milton Friedman 2006

A Central Bank Now Controls North American Currencies. The Federal Reserve Bank.

A Central Bank Now Controls Europe's Currencies. The European Central Bank.

The Same People That Own The "Fed" And The "ECU", Control The World Bank.

A Central Bank Now Controls Most Of The Worlds Finances.

More To Come My Friends
Sa Later Wally

11 Don't Just Sit There Say Sumthin !:

Ice said...

Everytime I come over here you moon me, wtf!

Pffft, perhaps I should do that at my place? lol.

...maybe with sum butt floss or sumthin'.

Hope you're having a good weekend, bud!

The Phosgene Kid said...

Time to tear out the rot and start over.

wallycrawler said...

Yes Princess you should start do'n that...RIGHT AWAY, LIKE NOW!!!

Please start with da moon'n.

I did noth'n all weekend except go to the mall to get my daughter a new "Guitar Hero". So it was a good weekend.

Did'cha go downtown and see that awful winter carnival? Barrie should be ashamed of that atrocity!
Here we are the winter city of Ontario and that's what we came up with? Sucks rubber!!!
They do so well with the summer fests. Like "Kempenfest", we could do so much better!


First thing ta go Kid will be our so called "Free Trade Agreements".

Then dump all trade with Asia....etc...

Then we should hunt down Brain Mulroney, da Bush's and everyone of those tards that opened up our markets to slave labour! Their fate should be left to all effected in that last 2o odd years.

Die Muräne said...

well... for the US it won't be that easy to dump their trade with Asia, because Asia already owns a whole lot of America! China and Japan are the main holders of Treasuries - and if they drop it (and they will) there will be a huge bang...

But must be always like that: 'our' system with dept and interest can't work. There are mathematical limits. So it need a total reset from sooner or later. That's the only truth. Look back in history.

What we get is just more of the same.

wallycrawler said...

Hey D.M. "China and Japan are the main holders of Treasuries" is true, but... It's not actual governments that own them , but banks , financial institutions and corporations. Most of those institutions are owned and operated by American backed companies and banks. Japan in itself has been on a downward spiral since the early 90's. There isn't a Japanese corporation left that isn't owned or even operated in in Japan. Sony is the last major Japanese electronic manufacturer left in Japan and that company is set to close it's last factory this coming year. Most electronic companies are owned by large corporations like "RCA/General Electric"... Who are Wall Street firms. Even the great Toyota Motor Company has lost 1/3 of it's own stock to General Motors in the 90's. Who also own the building rights to Toyota world wide. Guess where they're build'n em? China.

So go ahead drop em. They would be bankrupting their own nation, which ya know they wont do. They need American consumers to survive. A total trade trade block could never work at this time anywho. So that's a pipe dream, but we should start a with the same trade barriers they use on us.

Rita said...

I find economics so confusing. I can't even balance my checkbook, how can I ever be expected to understand this?

wallycrawler said...

Rita Rita Meter Maid. Noth'n can stand between us...

Could ya tell Paul McCartney wrote that soung? WOOOO it's bad!

Oh you liked that song? Sorry!

Anyhoo, bank financing is designed to confuse, confound and absolutely infuriate every man woman and child. It's also designed to keep the average Joe working til he dies and to keep the rich living a lavish lifestyle. To keep us slaves to their machine....

Just remember: "Eat Da Rich"!
"Power To Da People"! " Viva Da Revolution"!

Rita said...

You know who I think the worst songwriter ever is?

Neil Diamond!

case in point:

Love you so much can't count all the ways
I'd die for you girl and all they can say is
"He's not your kind"

They never get tired of puttin' me down and
I never know when I come around
What I'm gonna find
Don't let them make up your mind
Don't you know

Girl, you'll be a woman soon
Please come take my hand
Girl, you'll be a woman soon
Soon, you'll need a man

Gag me!

wallycrawler said...

That made me hard!!!

Thank You.

wallycrawler said...

"I'm a Believer" – "Look Out (Here Comes Tomorrow)" - "A Little Bit Me, A Little Bit You,"

I can't knock that guy he wrote great "Monkee Music"!

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