Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 6 (6 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   5 comments

OpEdNews Op Eds

Restoring National Sovereignty with A Truly National Banking System ; Reviewing Ellen Brown's "Web of Debt:" Part VI

By (about the author)     Permalink       (Page 6 of 8 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 4   Well Said 4   Valuable 4  
View Ratings | Rate It

opednews.com Headlined to H3 5/18/09

Become a Fan
  (191 fans)

Everything of value is at risk, including our futures and that of our loved ones - unless we can reverse the corrupted system entrapping us, and think of the benefits: expanded government services and prosperity, inflation and tax free.

Today's "web of debt" is based on fraud, deceit, and manipulative sleights of hand, including:

-- fractional reserve alchemy - pure hocus-pocus witchcraft hokum;

-- the gold standard of an earlier time letting bankers dangerously inflate the money supply "on the same gold reserves;"

-- the private banking cartel Federal Reserve owned by major banks in each of 12 Fed districts empowered to create money and charge the government, business, and individuals interest on it - the result being everyone put in permanent debt bondage to world-class predators;

-- the federal debt and money supply; both continually expand under a highly inflationary scheme;

-- the federal income tax to pay interest to bankers;

-- the FDIC and IMF to ensure mega-banks get bailed out no matter what unwarranted risks they take; the IMF is also a sort of knee-cap breaking enforcer for the monied interests - extracting multiple pounds of flesh in as part of a giant extortion racket;

-- a "free market" for those who own it under a corrupted, manipulated system of socialized risks and privatized profits, enforced by the Pentagon's long arm;

-- the Plunge Protection Team (PPT) and Counterparty Risk Management Policy Group (CRMPG) - created to rig and manipulate markets along with colluding Wall Street bankers bailed out whenever they get in trouble; the notion that markets move randomly is rubbish - about as real as the tooth fairy or Mother Goose;

-- "floating" exchange rates - for more manipulation and collusion in international currency markets;

-- short selling - for speculators in all type assets; when used against currencies, it can artificially force them down enough to cause economic havoc the way it was done to Asian Tiger countries in 1997 and many others as well;

-- "globalization" and "free trade" - a predatory system benefitting America and the West under WTO rules; countries also become vulnerable to speculative assaults when their currencies are convertible and economies opened to "free trade;"

-- inflation myths - money creation isn't the problem; speculative currency attacks force destructive devaluations, meaning prices rise as a result; American inflation is "caused by private banks inflating the money supply with debt," not by printing money; also by productive growth not keeping up;

-- the "business cycle" - responsible financial managements produce stable prosperity; when irresponsibly done by a private banking cartel, booms and busts result; it's an unnatural "monetary scheme in which money comes into existence as a debt to private banks for 'reserves' of something lent many times over;"

-- the home mortgage boondoggle - monetizing home mortgages today creates most money; borrowers think they're using "pre-existing funds, when the bank is just turning one's promise to pay into an 'asset' secured by real property;" when paid off, the interest usually exceeds the original loan, and in cases of default, banks seize the homes;

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8

 

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 5 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Excellent article and review of possibilities.Than... by Kent Welton on Monday, May 18, 2009 at 12:57:52 PM
This will take revolution. Nothing short of it. So... by William Whitten on Monday, May 18, 2009 at 8:27:39 PM
Bravo!  For the few souls who coundn't st... by Jere Hough on Monday, May 18, 2009 at 9:56:53 PM
Revolution of one sort or another...it is the "org... by William Whitten on Tuesday, May 19, 2009 at 9:56:08 AM
This article says it all.Time to get rid of the ro... by crispy on Tuesday, May 19, 2009 at 9:04:15 AM