The End of Debt Slavery:
Freed banking system:
A fully free banking system and fully reliable gold standard have not as yet been achieved. But prior to World War I, the banking system in most of the world was based on gold, and even though governments intervened occasionally, banking was far more free than controlled. Periodically, as a result of overly rapid credit expansion resulting from a too low gold price setting, banks became loaned up to the limit of their gold reserves, interest rates rose sharply, new credit was cut off and the economy went into a sharp, but short-lived, recession. While governments intervened occasionally, banking was hardly regulated.
A free and reliable banking system based on gold is able to expand and thus to create bank notes – currency – and deposits, according to the production of the economy. Individual owners of gold can be persuaded, by payments of interest, to deposit their gold in a bank, against which they could draw checks.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have made the holding of gold illegal, as was acted up on in 1933 in the USA. If the government tried to confiscate gold today, they know there would be an enormous resistance. Most likely they wouldn’t issue that order, as it couldn’t be enforced without causing civil disobedience and resistance.
People’s savings are confiscated either by inflation or by zero interest policy now turned into negative interest rates in many countries. Worse by bank failures or through bank bailins their savings can disappear entirely.
Saving money for capital formation is essential for productive investments, which in today’s financial climate virtually is impossible. Decennia ago workers with a little extra cash did what today’s generation would never have dreamt of and probably never heard of, putting that extra money on deposit in savings accounts or buying certificates of deposit. However those days are gone. Thanks to introducing monetary policies that never have existed in monetary history.
Such as, Central Bankers zero and negative interest-rate policies and rounds of quantitative easing that not only destroyed true market-price discovery, it also robs Main Street savers in order to enrich Wall Street gamblers.
If everyone decided, for example, to convert his/her entire bank deposits into silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. However the financial policy of the welfare state requires that there is no way for the owners of wealth to protect themselves.
Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the authority’s aversion toward the gold standard.
Since the late 1970s all major central banks, led by the Fed, have taken control of interest rates from markets on the idea that economic activity and price inflation can be managed by varying them at the state’s behest. This policy is very different from the way interest rates are set in free markets. The philosophical bias behind state management of interest rates, that borrowers are more deserving than lenders, has a long history, as borrowing is the creation of money for the banksters.
This created an upside down world; corporations sell their products on cheap credit, make their profits from cheap credit, and then depended on cheap credit to issue their bonds, to buy back their own stock, for the purpose getting paid inflated bonuses.
This is exactly the screwy financial world that Central Bankers have created – funded by ultra-cheap credit – and is now going to get what it deserves, good and hard. The monetary system has run out of Central Bankers’ control. All currencies are inflated in an effort to win the race to the bottom. Newest is that ECB’s Mario Draghi announced last week more ‘unlimited’ euro QE, which pushes-up the fraud another step. Investors are aware that the market is manipulated, but for now it doesn’t seem to worry them.
The free market:
The free market operates as a kind of evolutionary arms race. Companies compete to offer the same product at a better price, or a better quality at the same price. Those that cannot keep pace eventually disappear or die. Through this “survival of the fittest” process, over time prices are driven down and the quality of goods and services forced higher. In this way, those at the lower end of the socio-economic spectrum benefit most from the work of companies competing to capture their business. And, the best part is that nobody has to steal a penny to pay for it. This capitalist system will finance the whole operation itself – if only the safety-net socialists would get out of the way and let the market do as such.
Qin Xiao, a businessman from China understands this principle, he advised his Government:
“An economy now dominated by the government needs to become one led by the market. The government must scrap procedures for approving economic and market activities. It must stop interfering with market prices and transactions…”
Free market for gold & silver:
To impose discipline on whatever combination is chosen, a free market in gold & silver should be allowed to exist side by side with the official price of it. In order to maintain the market price at or near the official price, open market operations could conduct the market price.
Gold’s resurgence and the dollar’s weakness isn’t a surprise. This is a trend that has been in place since early January 2016. Gold’s spot price is up more than 20% year-to-date as of today, while the Dollar Index is down nearly 3% over the same time frame. See attached graph.
As long central banks continue to print money in their pursuit to keep rates down gold will continue to rise. – Negative rates and quantitative easing only prolongs the on-going currency war, providing fuel for gold. Dollar devaluation is a certainty. Gold’s 20-year bull market has just restarted its next leg up.
Given the loss of confidence by citizens in central banks and the continual experience of debasement by the banks, makes it likely that a broader money supply definition and the highest coverage ratio is required to secure confidence in a new gold standard. Yet an even higher gold price would be required when applied on a global scale, because China as major economy posses a paper supply much greater than is the case in the west and could have less gold? Although not very likely! Anyhow the issues involved in re-establishing a gold standard with enough flexibility to accommodate modern finance deserve serious study and extensive research, based on the need to restore confidence on a global scale, rather than ridicule the concept. An important additional advantage; is that every country independently can manage their own currency, leading to a greater economic stability.
The mere announcement of this attempt could have an immediate benefit and stabilizing impact on the global economy, because the market would begin to price in the future stability, a procedure similar to the euro convergence years before the euro could be announced in advance and open-market operations could commence immediately to stabilize currencies at the new gold equivalent. Eventually, the currencies themselves could become pegged to gold. Then the world is ready to undergo new creativities, further innovations, improve productivity, and apply advancing technologies as the market is freed from manipulations. And last but not least, real global growth would be fuelled by real rather than paper wealth.
Finally a serious caveat; unfortunately it’s not likely that the central bankers will accept their defeat and relinquish their power. So the more likely outcome from this economic crisis is not the most logical solution, but more conceivably chaos, as the consequence from currency wars and the debasement of paper money will become chaotic, catastrophic, with collapse of investor confidence, resulting in emergency measures by governments to maintain some semblance of a functioning monetary system for trade and investment. Even worse, the next financial collapse will resemble nothing we’ve seen in history.
There still is – albeit little – time left to WAKE UP and see the true picture of the terrible realization by the Khazarian Mafia cabal that fundamentally act on behalf of the Illuminati by using governments and politicians as their front men that manipulate the media and markets with the objective to bring all of us at the complete mercy of their parasitic – privately owned – central bankers that are more than willing to not only implode the world’s economy, but also finance both sides of any newly created conflict for personal gain and control, in which most authorities are accomplices. Hopefully you start to grasp the monstrousness of what is going on around us, and how urgent a regime change is required?
Free Market’s message:
Prosperity, peace and freedom are the only moral response to terrorism, refugees, poverty and corruption. Free interactions between consenting adults are only issues that can lead the way to things like:
- Voluntary choices rather than by diktats;
- Costs and benefits of each choice match as closely as possible on the individual who makes the choice;
- Widest diversity of choices and lifestyles;
- Mass prosperity; raising the living standards of the poor more than the living standards of the rich;
- Which over time eliminates the existing wealth gap between the rich and the poor;
- All this will unite literally hundreds of millions of strangers from around the world and will lead many different cultures and religions into a peaceful and collaborative productive strength.
The more vibrant and freer the interactions, the more open humanity will become for spontaneous cooperation and participation. Ultimately, this nurtures peace between otherwise unrelated individuals. And peacefully helps more and more people to get what they want and need out of life.
Eventually initiating alliance of hundreds of millions of strangers working together in productive ways that greatly enrich each other’s lives. Releasing human creativity and dignity never seen before for ordinary people in peaceful pursuit.
Entrepreneurs and individuals interacting freely – as long they don’t hurt or rob others, people aren’t probably always perfect, but humans are not perfect creatures either. Never fight unless it is in self-defence, and no aggression against others. – However the problems created when people are not allowed to interact freely are far worse, than they would be if all arbitrary laws simply were removed.
Freedom simply is the absence of outside force and interference all these forces in any form create conflicts. Obviously, less force and conflict in a society creates peace and likely satisfaction. In a truly free society, no man, woman, government or gang may use force – even to the tiniest degree – against even the most unimportant individual, as long that individual has not initiated force first.
And if any individual of low or high standing in society fails to abide by this compel principle of non-aggression, he or she must be held accountable for the committed action.
Top-down government intervention into the interactions of individuals creates hierarchies, rigid monopolies and cartels. In the end, this only serves to make the “well-connected” rich while impoverishing those at the bottom. And even worse, it creates the need for even more intervention in the future to keep the system afloat.
As governments have grown over the years, so has their appetite for rules and suppression. They want to regulate everything. They want to tax everything. They want to make it harder on everyone else so they can finance their own projects, and fill their own pockets that leads to unbridled corruption as widely is experiential today.
The NWO from Clinton to Trump;
Tyrant governments – US Army and NATO – waging wars all across the globe while their population doesn’t give a damn thing about it. The whole western world is going to suffer the same fate as Nazi Germany did in the 30s and 40s. If war breaks out tomorrow, the entire world will unite to bomb, loot, rape, and pillage RKM controlled EU and US. We may live to see our own daughters and wives being raped right in front of our eyes if we don’t clean-out this awful mess. Please WAKE UP and let’s get our act together to destroy this Mafia clan that only want to destroy the world under maximum suffering of we the populace. It’s either them or we that will survive. Listen to this interview with F. William Engdahl:
The most powerful on Earth – Secrets of Rothschild Family Fortune +$500 Trillion
The Puppet Masters control directly the world economies, the Military Industrial Complex and Intelligence Community. It commenced with the Rothschild family descending from Mayer Amschel Rothschild, a court Jew to the Landgraves of Hessen-Kassel, in the Free City of Frankfurt, who established his banking business in the 1760s. Unlike most previous court Jews, Rothschild managed to bequeath his wealth, and established an international banking family through his five sons.
Five lines of the Austrian branch of the family have been elevated to Austrian nobility, being given five hereditary titles of Barons of the Habsburg Empire by Emperor Francis II in 1816. Another line, of the British branch of the family, was elevated to British nobility at the request of Queen Victoria, being given the two hereditary titles of Baronet (1847) and Baron (1885).
They own half of the world’s wealth and control except six all nations on earth through their ownership of the respective central banks that create money out of thin air and lend against usury, to keep the people in debt slavery forever.