| Subject: | Re: [socialcredit] monetization of wealth | | Date: | , August 16, 2005 10:39:53 (+0200) | | From: | cymric <cymric @.......nz>
|
| In reply to: | Message 2479 (written by W. McGunnigle) |
Howdy Bill,
Thanks for your encouragement.
I understand Roosevelt caused the banking system to become more uniform and
centralised and the beginning of the end of gold as the reserve and I guess one
couldnt happen without the other.
Reminds me of the centralising of intelligence that has gone one post-crisis,
Sept 11.
I have the Money Masters and its some time since Ive seen it so I must have
another look.
Re foreign control/plunder through debt check out
"newswithviews.com/veon/joan30.htm"
Cheers,
Peter H
"W. McGunnigle" <wmcgunn@maxnet.co.nz> wrote:
>
> Hi Peter
> Again you have shown a very sound grasp of the way
> international finance is operating. Answering your question (from my
limited
> ability), international financial organaisations are well aware of those
> details, but the present system serves their purposes far more
efficiently
> than the modification you suggest. Companies could issue bonds, and, in
a
> manner of speaking, they do so in the form of debenture stock in the
> company. This is a permanent liability and so most companies try to
avoid
> this method of raising capital. Government bonds however are issued to
> provide working finance to keep the country's economy moving i.e.provide
the
> legal authorisation for the issue/minting/creation of money to provide
the
> means of exchange so that commerce and industry can procede. Those who
buy
> government bonds have a permanent and virtually risk free investment
that
> can then be used to issue loans etc into circulation. The liability is
not
> on the financial houses but on the government. Business organisations
are
> definitely not blind to the possibilities incumbent in monetary reform
along
> lines that Social Credit and similar monetary reformers advocate. They
> simply see such reforms as a threat to their monopoly of money creation,
and
> hence easy, risk-free profit making. The system favours these predatory
> financial actions and there is no incentive to change. Indeed they have
> every reason to act against those who would try to change it. With
respect
> to the various stock and financial exchanges throughout the world, the
best
> description of their activities was given to me by my brother who
refered to
> it as "sophisticated controlled gambling". The world's "Reserve Banks"
can
> manipulate that "market" by adjusting the amount of "on call" finance at
any
> time. If you are "in the know" you can take advantage of stock-market
> "Crashes" because these can be created by Reserve Banks simply by
refusing
> to issue "on call " finance to back speculative "future option" buying.
A
> private banking system has a vested interest in staging these crashes
from
> time to time because the inherent wealth represented by shares in a
company
> remains viable no matter what the share price may be. If share prices
fall
> people with " spare cash" i.e. finance not tied up in company shares,
can
> buy up shares in asset wealthy companies for a bargin price. The "Great
> Recession" of the 1930's was not caused by the stock market crash in
1929,
> but by the actions of the Reserve Bank of America" who reduced the money
> supply to the United States (and hence the world) by I believe 75% by
1933.
> This stifled commerce and prevented industry from having the necessary
> medium of exchange to fulfil their normal purposes. It was Rousevelts
"New
> Deal" that forced the Reserve Bank to alter its policy. His means of
> coercion were complex and need not be covered here. Nevertheless in 1938
the
> Reseve bank of America caused a slight contraction of money supply that
> resulted in a mini-depression until the start of World War Two. The
effects
> of this however were not world wide. At that time there appears to be a
two
> year delay between a recession in the USA,, and its effect on the rest
of
> the world.
> All this material can be found in various historical textbooks and
> there is a good video tape called "The Money Masters" that covers the
> mechanisms used by international financiers to manipulate international
> finances and stock markets.
> A comment about the IMF and World Bank, these organisations were set
up
> by the Bretton-Woods conference in 1944 their pofficial original aim was
> given as an attempt to even out and buffer world finances to prevent
great
> recessions like the 1930's. However it has resulted in progressive
> indebtedness by third world countries to the extent that they are
becoming
> progressively more impoverished. The attitude of the governors of that
> organisation is of little help because they can little advantage to the
> major contributors to the IMF by reducing that debt. Indeed those debts
are
> being used to force indebted countries into selling the authority to
exploit
> their natural reserves into privately owned western companies, a type of
> recolonialisation. I trust this explains some of the reasoning behind
the
> comments I have made.
> Bill Mc Gunnigle
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