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By Robert Singer (about the author) Page 1 of 2 page(s)
For OpEdNews: Robert Singer - Writer It is an understatement to say we are experiencing an unprecedented financial crisis along with our world-wide environmental crisis. Neither crisis needs an Austrian economist to explain it. We live in a consumer society and consumers “use things up.” In recent history, this useless, toxic “stuff” comes from China, and this sad state of affairs is so simple to understand that even a child can follow. Just watch the, “Story of Stuff,” a web-based documentary about the dark underside of consumption. Our consumer society didn’t just happen, it was planned. Not in the 20th or 21st centuries, but in the 19th century by the Skull and Bones secret society. Members, known as “Bonesmen,” include Rockefeller, Kuhn, Loeb and Morgan all connected to the House of Rothschild’s global financial empire. They are founders of the Federal Reserve, the Bank of England, France, and Germany or, for that matter, any central bank anywhere in the world.
Skull and Bones, a branch of the Bavarian Illuminati, was founded by William Huntington Russell and fellow classmate Alphonso Taft at Yale University in 1832.
The Federal Reserve Act of 1913, one of the most important domestic acts in the nation’s history, took the power to create money from the people and gave it to the Bonesmen, in theory, for profit.
The process that the Federal Reserve, or any bank, uses to create money “consists of making an entry in a book, that is all,” says Graham Towers, governor of the Bank of Canada. “Each and every time a bank makes a loan (a debt) . . . new bank credit is created—brand new money.”
While a gold-backed currency and even greenbacks have their limits, the Bonesmen’s manufactured bank money has no commoditization potential and therefore no limit. Making matters worse, the central banks are allowed to charge interest on borrowed money that never existed in the first place. The money we borrow from the Federal Reserve is money created out of thin air, which we use to buy stuff, but we have to pay interest on those loans, and this becomes what is known as the national debt.
How are the Bonesmen getting wealthy off this money that doesn’t exist?
Is it a Ponzi scheme? Not likely.
Narrator Annie Leonard in “The Story of Stuff” stands in line to buy a radio for $4.99 and realizes that we aren’t really paying for the stuff we buy. So if we aren’t paying, who is?”
The Bonesmen, of course!
Those trees we chopped, mountains we blew up to get the metals inside, and the precious water we consumed all belonged to the Bonesmen at one time.
In 1910 they owned or controlled one-sixth of the world’s wealth, but their wealth was eventually “cut, mined and hauled away,” as “The Story of Stuff” tells us, so that Americans could have houses, second houses, cars, RVs, TVs and DVDs—the cheap stuff that is currently “trashing the planet”.
Don’t forget the world they owned and controlled in 1910 had a mostly balanced ecology.
Leonard is correct in saying, “The real costs of making our stuff aren’t captured in the price.” But the costs are recorded. According to the Comptroller of the Currency, the books of U.S. banks now carry over $180 trillion in a form of speculative wager known as derivatives.
The derivatives represent the money created world-wide since 1910—out of thin air. About 40 percent of the $10.5 trillion U.S. national debt is owed to the Bonesmen. Warren Buffet and Marketwatch believe if the U.S. defaults on that debt, the loss to the Bonesmen and their derivatives wouldn't be $4.2 trillion or even $180 trillion, but about $500 trillion--money created out of thin air over the past 100 years to pay for our consumer society.
Although the false money that’s been created has no limit, the planet’s resources do. Consumption at the current rate would require five planets, and the Bonesmen only have one.
The Skull and Bones Federal Reserve became critical to our industrial and consumer society. Thank the Bonesmen for the unprecedented prosperity for the last 100 years, but also blame them for the unprecedented environmental damage and pollution that the planet has suffered.
The Rothschild Brothers of London observed, "The few who understand the (Federal Reserve) system will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class.”
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