jerehough

jerehough 8 months ago

The above is sheer lunacy.

I don't guess you've ever heard of a "Constitutional Democratic Republic", huh? From the pain of reading the above, I guess you haven't heard much of anything except from those who have control of your mind.

A Democracy that is governed by constitutions and laws is not a "mobocracy".

If you are really so into accurate terminology, why do you try to deceive people into thinking there is some difference between a "Righteous Republic" and a "Theocracy"? Could it because THERE IS NO DIFFERENCE?

I urge people to vote FOR this most important issue of taking back the control over our money.

jerehough 9 months ago

"Bubya was on the right track that the Constitution is a God-damned piece of paper... Such Framers do not deserve to be called Founding Fathers.....Jack & Margy Flynn went so far as to call them "Founding Traitors"

****************

These are not statements made from a rational mind.

It is a sad commentary on the state of of our nation, if not the world, when attempts to improve our government with public input websites like this are brazenly hijacked by all manner of extremists. Such people appear to either want to use this space for a "burning platform" to vent their misplaced rage against a misidentified "enemy", or they deliberately want to sidetrack all reasonable discussion of the issue at hand - in this case monetary reforms. These reforms could end the financial plunder and exploitation of the people of this nation, and the world.

I have rarely seen such a degeneration in the quality of posts as I have seen here on this thread in the past few days. The nihilists, anarchists, and hate groups are having a field day, and this always comes at the expense of reason, moderation and as has been seen here, even sanity.

As I look around the internet I see increasing signs of hatred, intolerance, fear, tension, anger, rage, and despair. This is exactly the kind of chaos those who are orchestrating the global financial fascism wish to engender is us. Why are we being so obliging?

Why are we pointing the fingers of blame at anyone but the international banking syndicate? They are the ones who have usurped our government "of, by and for the people". They (Wall Street and the City of London financiers) are the ones who cause every major boom and bust cycle, and have done so for centuries. They are the ones that finance the campaigns for public office, who buy the representation that should rightfully go to the people. They are the ones who raid the public treasury to "socialize their losses" while maximizing their profits at public expense. They are the ones who demand the funding of the American Empire and military bases in over 180 foreign nations. They are the ones that financed and enabled the establishment of communism and socialism, not to mention the later fascist nations of Italy and Germany. They agitate and finance all the wars and revolutions, and have done so for over 300 years.

It is as if they were pointing to the chains and keys, and commanding us to lock ourselves up. And we are actually doing it! The record and history is out there good people. Read Carroll Quigley's "Tragedy and Hope", or Ellen Brown's Web of Debt" or Stephen Zarlenga's "The Lost Science of Money", or David C Korten's, "When Corporations Rule the World", "The Great Turning", or "The New Economy Agenda".

If you want to know where to direct and positively channel your righteous indignation and growing injustice in our world, visit Ellen Brown's websites or mine and follow the suggested links and educational materials recommended:

http://wealthmoney.wordpress.com
http://webofdebt.wordpress.com
http://www.forum.webofdebt.com
http://jerelhough.blogspot.com

And please vote FOR the proposal to take money creation powers out of private hands.

jerehough 9 months ago

TonyRyan43: Well spoken and true. What we have to remember about the writing of the US Constitution and the Article of Confederation is that they were written by men who were divided over what kind of government our new nation was to have.

Some of the founders were monarchist aristocrats, some were colonial landowners and slaveholders, some were industrialists and bankers, some were democratic republicans. They all wanted to form a new union of colonial states that was powerful enough to defend itself against foreign navies and armies. Most wanted the union to be not so powerful as to usurp the rights of the states and of the people themselves. Others wanted a new centrally run empire. Some wanted a money and banking system along the lines of the Bank of England model, and others wanted one along the Franklin - Jefferson colonial money system that England so wanted to destroy.

The result was a paper document with high ideals and phrases and SOME checks and balances, but also left a few loopholes. We can liken it to modern software that seem functional and pretty but leaves beck doors open to hackers and cheaters.

There were two HUGE back doors that were open to saboteurs of the new democratic republic:

1) The power of the money and banking system.

2) The power of control by unlimited corporate growth, especially of the press and media, and other news, education and informational sources.

These two defects were seen by Jefferson, Franklin, and other Founders, but the potentials of corporate and banking abuse were not seem by and large by most Framers, and of those who knew clearly what they were doing, few were principled enough to take a stand against the money powers... even then.

What we have needed for two hundred years with growing urgency is a closing of those loopholes, or "back doors" to unchecked money and corporate powers, and an undoing of the stranglehold they have over our informational and educational sources. We need open national debates and discussions on these vital issues.

But the money powers won't let it happen. They have gained control over our congress to the degree that nothing can be done without their consent. They own and control the news and informational media. They attempt to control every election of any importance to them.

Soon they will openly proclaim the new global fascist empire they have been building while hiding behind the curtain of secrecy.

That is why this proposal of money reform is so important. Unless we can take back the money power from the private control it is now under, we have no hope of salvaging much of our Bill of Rights, if any. Those rights now exist mostly on paper, just as George W Bush stated: "Stop throwing that constitution in my face. It's only a G*ddammed piece of paper." That really is the mindset of the people we are up against.

Vote FOR this proposal, and do not be deterred by the shallow attempts of some to hijack the purpose of this proposal and this discussion.

This proposal can be found in Ellen Brown excellent book, "Web of Debt" Google it, and if you can't read the book, at least read the reviews, and her articles online. http://webofdebt.wordpress.com is a good starting point.

My website is:

http://wealthmoney.wordpress.com

or

http://jerelhough.blogspot.com

jerehough 9 months ago

I agree with what npolimeni said.

The clearest example of un-American behavior I can envision is to label someone "un-American". In fact, such divisive and polarizing accusations only play into the money-master's plans to "divide and conquer". Chaos is the name of their game.

We, the people of America, must take back our right to create interest-free money in ways that are stable: neither inflationary nor deflationary.

Ellen Brown's masterpiece, "Web of Debt", shows us both the need and the way to do that. It's what this proposal is about.

Please vote for it. Then join in the discussions of alternative money systems and money reform at:

http://webofdebt.wordpress.com
Or
htt://www.forum.webofdebt.com

jerehough 9 months ago

npolimeni, Great comments. I'll try to add more tomorrow. I am in accord with your thinking as expressed here.

I am thinking the Ithica Hours concept combined with the credit union concept and credit/debit card concept would be a great idea, if it were a non-profit community-based program.

But more on this later.

(I regret and apologize for the very recent deterioration in the level of dialogue here. Some people with potential and intelligence have some growing up to do. There are consequences for public slander, and that has definitely occurred here. It's a shame the dialogue dropped off so precipitously. )

jerehough 9 months ago

npolimeni

Totally agreed. Have you heard of the "Common Good Banks"? Ithica Hours?

What you are talking about is something I recently started on Ellen Brown's website. (She is the author of this petition, and the book, "Web of Debt")

We have a money reform forum with 3 main subforums: The Problems; The Proposed Solutions; and IMPLEMENTATION: Proposed means of accomplishment. It is fairly embryonic right now, but the people on this thread *who are interested in money reforms* would all be welcome there.

Cut and paste this url: http://www.forum.webofdebt.com

I've been thinking of the credit union model for some time now, and how it could be modified to create money for local economies. Please join us!

Jere L Hough

jerehough 9 months ago

aherodias.1 Your comments have been excellent. Other than dan521, who appears to be intellectually challenged, there haven't been too many really racist or bigoted entries here, at least in this thread.

You are welcome to join in the reform discussions at Ellen Brown's blog or forum anytime.

You can find them here: http://webofdebt.wordpress.com

Jere L Hough
Kansas City

jerehough 9 months ago

What is really needed is a complete modern revision of our constitution, or some kind of constitutional convention made of of the kinds of superior statesmen, philosophers, that wrote our present constitution. That's what is needed. The question is how to achieve it.

Garnering support by suggesting that we "kill the constitution" is hardly going to be effective. "Modernizing the constitution" might be a better approach. Or rethinking the constitution. But there are so many problems and hurdles. State and county constitutions and charters need to be "updated" as well.

But the key is that all revisions should be to strengthen and reaffirm the essential sovereignty of the citizen, and that all powers of governments at all levels must be specifically delegated and enumerated. This is the essential reorientation that is needed.

I suspect that the "establishment" or economic and political "powers that be" would do their best to usurp that purpose and bend it to its own greedy self-interests. So built-in protections would be needed, in order to prevent that from happening.

I like the elective council model for achieving this. Each citizen would gather in groups of ten and elect the person deemed most capable of representing them, and then those who are elected would gather in a similar group of 10 and do likewise, and on up the line, until a committee of about 100 or so was elected to come up with a document the people could vote for or against.

On difficult issues or articles and clauses they could get instant feedback polls from their memberships, something the original founders could not do for months, and imperfectly even then.

They would stay on that job as long as it takes. If it takes too long, lock them up until they come up with a draft. They should all be thoroughly conversant with the most difficult and thorny issues of the times the original constitution was written, including the mistrust of democracy, the interests of the ruling aristocracies, and the banking interests. Debating these issues in the light of present day knowledge and information should be the most interesting debate ever.

The ideals and philosophies of Jefferson, Franklin, Paine, Madison, Adams, and other giants of that time should be woven into the conditions that exist today, and the goals we want to achieve, i.e., better representation, a more level economic playing field, universal education and healthcare, more equitable distribution of the earth's resources, humane population controls, more freedoms of choice, arms reductions, WMD eliminations, equitable treaties, FAIR trade agreements, rather than FREE trade, which is a road to serfdom, DE-centralization of government services, de-centralization of economic power, breaking up of all cartels, syndicates and "Too Big to Fail" enterprises, real anti-trust laws with teeth in them, and so on.

Can it be done? Probably not. And that's a shame, as the altenative is to rebuild our current civilization from the wreckage of the old, and that will take a long, long time and much blood and treasure.

The system as it now stands is unsustainable. It cannot continue. Collapse is imminent. We can either fix what we now have or watch it go down in flames and a new, centralized, totalitarian, worldwide economic power arise in its place with the international central bankers at the helm.

The good part is we have a choice....

For now.

jerehough 9 months ago

badhack 10 hours ago said: "@jerehough: I wasn't arguing whether or not banks have too much power. Most of your quotes revolve around how evil banks can be."

Wrong, badhack. The comments revolve around how evil private money creation IS! They argue about WHY the dominant banking system is evil, which is UNCHECKED POWER - ECONOMIC POWER! You have to examine the context and circumstances in which each quote was uttered to fully understand them, as I have. However I am not saying all bankers are evil. Few even realize the evil of the system, and that includes many at the top. It is the organizers of the system, and those who use their power to maintain it who are truly evil. They know precisely what they are doing. Precisely.

badhack: "Being famous doesn't make you an authority, either." I guess Bush and Cheney proved that point beyond a shadow of a doubt, if it wasn't already obvious. Your comment misses the point, however. It isn't fame that gives a quote credibility; it is truth. And when numerous people with known attributes of intelligence, wisdom, character, integrity, or other admirable virtues and qualities make statements about something as important as money and banking it behooves honest men and women to take notice and examine the statement for its truth, or soundness.

Here are a few more notable quotes:

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford

The Government should create, issue, and circulate all the currency and credit needed to satisfy spending power of the Government and the buying of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Governments, but it is the government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest. The financing of al public enterprises, and the conduct of he Treasury will become mattes of practical administration. Money will cease to be master and become the servant of humanity. ABRAHAM LINCOLN

"The Federal Reserve (Bank) is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers." ― Congressman Louis T. McFadden

My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up the monopoly which affects every interest in the country. It should be repealed; but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never seen before in this country. SALMON M. CHASE

Under the Federal Reserve Act panics are scientifically created; the present panic is the first scientifically created one, worked out as we figure a mathematical problem. HON. CHARLES A. LINDBERGH SR., writing of the Panic of 1920

The few who can understand the system (check, money and credits) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interest. -- ROTHSCHILD BROTHERS OF LONDON

"THE EYES OF OUR CITIZENS ARE NOT SUFFICIENTLY OPEN TO THE TRUE CAUSE OF OUR DISTRESS. THEY ASCRIBE THEM TO EVERYTHING BUT THEIR TRUE CAUSE, THE BANKING SYSTEM!" ― Thomas Jefferson 1819

"ALL THE PERPLEXITIES, CONFUSION, AND DISTRESS IN AMERICA arise, not from defects in the Constitution or confederation, not from want of honor or virtue, so much as from DOWNRIGHT IGNORANCE of the nature of coin, credit, and circulation." ― President John Adams

I urge all honest souls that care out our planet to seek out the circumstances and causes of these thought-provoking quotes. Especially look at the reasoning behind the words of Jefferson, Lincoln and Franklin.

More will follow, as time permits.

jerehough 9 months ago

phbura: History has shown no such thing. History has proven that private creation of money is a trap, and a deadly one. Money creation is sovereign, and as such it is the prime business of legitimate and responsible governments. The misnamed Federal Reserve is NOT federal, and to say that the government creates money “by proxy” though the Fed Res is either totally ignorant or totally deceptive. It’s just not so. The government only BRORROWS money FROM the illegitimate and hybrid creature called the Federal Reserve, (who create it with their magic money machine) and needlessly indebts the taxpayers for both the principle and interest in doing so. The entire FRS scam has defrauded US taxpayers massive amounts of wealth, capital, and labor, and they are the ones who can least afford to pay. Phbura, your fundamentally flawed thinking about money arises from the false assumptions you seem to get from the Austrian School, who falsely believe gold is the basis for “sound” money. Certainly it is “sound” for those with the gold. It is unsound for everyone else, and time has proven that, over and over. Gold, silver, and other precious metals and gems may have limited usefulness for settling debts between nations or other economies, but commodity money is seriously flawed, unstable, subject to “cornering” or monopolizing, and so on.

The entire banking system is one giant Ponzi scheme, siphoning money from the lowest levels of the lower and middle classes up to the wealthiest 1%, or tiny fraction of 1%, of the wealthiest people, corporations and families in the world. It should be recognized for the confidence game it is, and dealt with accordingly. The reality is that it is now too big too fail (TBTF) and too entrenched, for any solution but complete nationalization – which would only transform it into the institution most people have been led to believe it now is.

Tekkmerc is 100% correct, as is npolimeni.

The public credit union model, with some modifications, would best fit a small scale (community) banking model, and could be enlarged to the state, national and other levels. If run by local governments they could even create their own local currencies.

Those who falsely contend that the constitution would prohibit this would abuse the intent and purpose of the constitution, and pervert it into an instrument to enslave, rather than liberate the people.

All power (sovereignty) belongs to the people UNLESS specifically enumerated and delegated to legitimate, elected, representative governments.

jerehough 9 months ago

Federal Reserve? Or Private Reserve? Or Ponzi Scheme?

James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."

Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."

Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out

jerehough 9 months ago

James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."

Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."

Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out

jerehough 9 months ago

James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."

Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."

Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out

jerehough 9 months ago

James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."

Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."

Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out

jerehough 9 months ago

Here BadHack, Argue with these guys.

James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."

Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."

Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

Oh, and that is just a sampling. I have hundreds of other quotes just like them. Maybe I'll post some more tomorrow.

jerehough 9 months ago

The USA should quit borrowing money. Period! It has the constitutional authority to issue its own currency, so what's up with borrowing it as usurious interest rates from the Fed?

See http://webofdebt.wordpress.com or http://www.monetary.org

jerehough 9 months ago

Seek psychiatric help.

jerehough 9 months ago

These comments are supposed to be about the proposal. They are not the place to retaliate against those who have voted against another proposal, as Phreedomphan is doing here.

The point of my proposal is simple, but would require popular citizen support. Since those private bankers who now control the money creation process, the Fed, and the fractional reserve "Ponzi" system, also control all sources of our mainstream media, educational systems, and much of both houses of congress, there is little possibility of educating the public to the support levels to pass meaningful monetary creation reforms. That is tragic, because without a change in policy our world will soon be thrown into the chaos that is planned for us. The international central bankers will "come to the rescue" to save those who pledge allegiance to their new global economic system, run by private banking syndicates, and Money Moguls. It will be run from behind the scenes of course, as did the Wizard of Oz character in Frank Baum's allegory about silver, gold and money.

Ellen H Brown's masterpiece, "Web of Debt" should be required reading for anyone who really is looking for "a way out" of the economic mess we find ourselves trapped in. There is a "way out". That is the good news! The bad news is that we are probably not going to wake up in time to take it. We have run out of time. The globalist regime is here, entrenched, and formally putting the final pieces in place.

Democracy and democratic money starts at home, folks. Pretty soon the only way we are going to be able to get it is one community at a time, one credit union at a time, one school at a time, one network at a time.

I hope those who are starting to wake up to what is happening start reading, learning, and acting to take the steps needed to protect and preserve duly constituted representative governments, at all levels.

What we should have learned at the end of all this, if not long before, is that economic democracy must accompany political democracy. Every soul born upon this earth has a God-given right to survive, and to the essentials of air, water, food, land and resources to support life. That is not happening today, and this intolerable situation will soon self-destruct as all evil eventually does, if left uncorrected. Money is just one of those basic resources created by advanced (??) civilizations for the purpose of easing the exchange of goods and services - wealth.

I urge people to vote for meaningful money reform that has these characteristics:

1) Issued by public, NOT PRIVATE, authorities that are fully ACCOUNTABLE to the people.
2) Spent into circulation on productive and educational assets, at the national levels, and issued per capita to states,counties, and cities to build or repair infrastructure.
3) The newly publicly created money would replace existing dollars that are now in circulation.
4) The new money would be based on mathematical formulas to determine the optimal amount of money of all types that would lead to stability, neither inflation nor deflation.
5) Money could be loaned into circulation at low interest rates under carefully controlled circumstances that would keep the money stable and would benefit the public.
6) Properly certified banks could continue to operate on a full reserve basis, borrowing money at low interest from the Public Treasury, and re-loaning at higher rates to riskier commercial enterprises.

These are just highlights, and some suggestions. They key ingredient is the transfer of money creation authority back to congress, where the constitution and our founding fathers intended it to be.

Fuller explanations can be found in Stephen Zarlenga's, The Lost Science of Money ( www.monetary.org ) and Ellen H Brown's money masterpiece, "Web of Debt" ( www.webofdebt.com )
Much more information can also be found on my own blog at http://wealthmoney.wordpress.com

JLH

jerehough 9 months ago

Phreedomphan. I don't have any conflicting thoughts. Not even little ones. Of course I support the Constitution. I'm very Jeffersonian in my philosophy.

As for your "Kill the Constitution" proposal, you were already provided with reasons why your terribly titled tome went down in flames with less than -50, last I looked. I have agreed with many of your comments, although you really SHOULD finish reading Ellen Brown's book Web of Debt. Some of your explanation about fractional reserve banking show confusion with the Fed money creation process.

I totally agree about the yamaguchy books. You might note that I've promoted the http://yamaguchy.netfilms.com site for months now, on the websites I listed in my proposal, and in emails. It's a priceless treasure of old, forgotten and hard-to find books, all of which could save our civilization, if widely read. They are priceless treasures, and I have read about half of them, many long before being told of that website.

Some advice? Lighten up on the beers before posting comments here. The alcohol shows through.

BTW, States need to update and strengthen their own constitutions, rather than abdicate so often to the federal government, as they now do. State banks like the ones in North Dakota are a really great boon to their citizens.

jerehough 9 months ago

Ooops. The above should have read: Far from it. It is the best way to transfer WEALTH from the people (borrowers/debtors) to the bankers.

I might add that all of that doubling of interest profit on each dollar loaned into existence by the private bankers COULD be going to the public treasury to reduce taxes, built national, state and community infrastructure, and provide the commonwealth with abundance in proportion to their REAL production and labor. Under the current system most of the profits from production and labor are siphoned off by the bankers, and their voodoo economic systems and money machines.

Please awaken, good people. Demand a return of your sovereign right to contractual money, and make it a servant of the people as Lincoln said it should be - rather than our master.

jerehough 9 months ago

I speak FOR the proposal!

badhack 5 hours ago said...

"aherodias is proposing that the banks are creating money and stuffing it in their pockets. This is, of course, wrong."

This is, or course a crass deception of either what aherodias said or meant, or what this proposal contends, or the truth. In fact, there are quite a few steps or maneuvers the banks must go though before they get to stuff if in their pockets and vaults. One big one is to lend the money out at interest that doubles the loan about every 8 to 12 years. Of course they can do this 10 times or more with each dollar of deposits. This is a legal Ponzi scheme, and it is "legal" only because the people and their representatives are too ignorant to understand money and finance... except for those who are profiting from the crooked system, hand over fist.

badhack said...

"... it's the best method to DISTRIBUTE wealth to those who receive the loans."

Far from it. It is the best way to transfer WEALTH from the people (lenders) to the bankers.

"But removing the ability of banks to LOAN money would cripple this economy."

Not if it were done properly, with a proper plan of nationalization and bank reorganization.

Banks should stick to the banking business and get out of the sovereign business of money creations!

Please everyone. Read Ellen H Brown's masterpiece, "Web of Debt". Google it and learn what is keeping us in debt slavery to the money-changers.

jerehough 9 months ago

Well said lihu. Soon they will try to privatize the air we breathe and the water we drink. Monsanto is already doing that with our genetically modified foods we eat.
Where does it end??

The hole in tomgoldie's argument is that it is all sophistry, cleverly worded self-serving banker-talk that amounts to nonsense. The bankers use the fractional reserve ponzi scheme to turn $100 in deposits into over $1000 in new loans. That is creating money out of nothing. They are NOT loaning out depositors money, or "their own money". They are playing with "funny-money" that is conjured up out of an empty hat in a magic act. It's all bookkeeping "sleight of hand". Real money is the note backed by the faith and credit of the USA, in the case of the dollar, or other issuing nation in cases of other currencies.

And if the government can issue a T-note it can issue a dollar bill, and spend it into circulation on roads, schools, bridges, education for every American for life, clean water, pure air, and high speed transportation systems. Portions of the money created could go, per capita, to each state and county for similar infrastructure. Within a decade we could have the national debt retired and our economy transformed beyond current belief. It is all possible, if we take back the sovereign right to create our own money. That right is a contractual right, and every free citizen has the right to enter into contracts, i.e, issue a promise to pay on credit or from existing liquid assets.

That is all money really is: a temporary substitute for real tangible wealth so that goods and services can easily change hands. Money is a bookkeeping entry.

The usury that is now charged on it is totally criminal, and must be stopped.

It is totally irrational and even insane to have public citizens back the privately-created dollar with the full faith and credit of the USA and its citizens. FDIC insurance on failed banks comes out of taxpayer dollars!

When it comes down to it the Federal Reserve System is a gigantic Ponzi scheme that makes Bernie Madoff look like chump change. The banksters are transferring trillions in wealth from the ignorant citizens who trust the system to protect them. Instead, the foxes are guarding the hen house, the wolves are steering the sheep where they can feed off them at will, and our government is a partner in the entire criminal enterprise.

I've studied this money situation for many years, and believe me, AIG, Bear Stearns, Lehman Bros, Derivatives, Credit Default Swaps, Bernie Madoff, Stanford, these are all part and parcel cut from the same cloth.

BTW. Your suggestion of putting Ellen H Brown, author of Web of Debt, in charge is perfect. I don't think there is a deceptive bone in her body. Stephen Zarlenga, author of "The Lost Science of Money" and direcotr of the American Monetary Institute would be another great candidate.

jerehough 9 months ago

A national single payer health care system would be for more desirable, cost-effective and equitable. It would also eliminate the need for this "tweak" in a broken health care system.

jerehough 9 months ago

It should not be abolished. It's currency creation functions should be transferred to the Federal Government. In other words, make it the Federal Agency its deceptive name implies it already is. Money creation is a sovereign right that flows from the PEOPLE!!

Return the business of MONEY CREATION and regulation to the public (government) and leave the business of warehousing wealth or stable money to community or state banks.

If the government can constitutionally issue a bond (T-Bill/Note) it can likewise issue a dollar bill, and save the citizens trillions in interest payments to scavenging private banksters.

jerehough 9 months ago

It should not be abolished. It's currency creation functions should be transferred to the Federal Government. In other words, make it the Federal Agency its deceptive name implies it already is. Money creation is a sovereign right that flows from the PEOPLE!!

Return the business of MONEY CREATION and regulation to the public (government) and leave the business of warehousing wealth or stable money to community or state banks.

If the government can constitutionally issue a bond (T-Bill/Note) it can likewise issue a dollar bill, and save the citizens trillions in interest payments to scavenging private banksters.

jerehough 9 months ago

I urge support of EHB's proposal! Sooner or later the public is going to discover that governments have the sovereign right and responsibility to create money and control its distribution, value, and velocity. The right to create money flows from the constitutional rights of the individual to enter into contracts. I hope the discovery is sooner, as later surely means spreading economic chaos and disaster. A few quotes among hundreds on the topic:
James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."
Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."
My entire blog is devoted to this issue of Public Vs Privately Created Money: (copy & paste) http://wealthmoney.wordpress.com
Also see http://www.monetary.org and http://forum.webofdebt.com

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