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October 15, 2019

carney.jpg
(left, Bank of England Governor Mark Carney) 

Reply to Anthony Migchels: Return to Gold Standard Spells Disaster      

from Linde and others
(henrymakow.com) 


Your regular contributor is right.  In Yuri Bezmenov's stages of subversion, there is 'the crisis' and the veiled reference to the central banking cartel: 'never let the Shmucks bring the nation to crisis'.

They have been setting this up for awhile now.  The migrant invasion - all welfare dependant and on message with the 'racial narrative', the 'white privilege' narrative, the 'Islamaphobic' narrative - is still being inserted through the Global Compact and Kalergi social engineering - as mandated from the top.  What do people imagine is going to happen if a financial crisis  were to see the cancelation of their raft of benefits and entitlements?   About this time, The Owners will bring down the whole Potemkin Village of 'multi-polar' world and reveal the strength and unity of the Communist world - its Soviet, its gulags, military and weapons.

Let us hope that people who will contend for their basic necessities against the hordes of claimants in the Chaos will quickly learn what is wealth.  That is only ever what the Money scam has been about.  Americans even when they were using the colonial script knew that wealth is what the people on the land and using the resources of land can build, design, invent and make and do.  If they can build places where others want to come and live and work for the goods of life - then you have a community.  If they can create the kinds of goods and services that others want to trade for - then you have an economy.  Once there is trade above the level of barter, these transactions must be able to be converted to liquidity. Only the sovereignty of the people invested in their government can create liquidity for the economy of that population and denominate it in terms of the goods and services produced by the economy.  The sovereignty has two choices: it can create liquidity as debt to itself and monetize it - essentially loan the liquidity at interest to the population.  Or it can create liquidity as an investment in the population and its economy and spend into the economy.  The sovereignty will then receive return on the investment by way of taxation, tithe, dividend or some measure of profit.  So for the sovereignty either usury or profit becomes basis of the economy and its liquidity.

At present, the West labours with the worst of all possibilities.  A parasitic and traitorous sovereignty [read the Freemasonic Order of these revolutionised, deracinated republics] has abdicated the legitimate role of the sovereignty and empowered a vampire bankster supremacy as a third party to issue the liquidity as debt to itself, to its supremacy.  Not only is usury the basis of the economy - but the sovereign debt goes to a private interest that is Luciferian and  Talmudic in its world view. This is the interest that has been empowered to drain the lifeblood, the land, labour and resources of all nations through the monetization of debt - namely the currency issue.

The Roman Catholic Church, now in eclipse,  should turn off the latest outrage of the captured hierarchy down in the Amazon and thank God that now and at last we are coming into the totality of the eclipse.

The same mind that was in Judah Maccabeus should be in us.  Confronting the Syrian army, he went out to them with a "small company.  And when they saw the Syrians coming to meet them, they said to Judah: 'How shall we, being few, be able to fight against so great a multitude and so strong, and we are ready to faint with fasting today'.  And Judah said: 'It is an easy matter for the many to be shut up in the hands of a few.  There is no difference in the sight of the God of Heaven to deliver with a great multitude or with a small company.  For the victory of war is not in the multitude of the army, but the strength comes from heaven."  1 Machabees 3:16-18.

The coming victory has been aborning for some time now.  St Michael the Archangel revealed the new in hoc signo vinces at Fatima in 1917  for anyone who cared to pay attention.  This is the union of the Sacred and Immaculate Hearts - for the triumph of social kingship of Jesus Christ:  omnia instaurare in Christo.    The enemies of the nations are crass materialists.  They do not see, because they can not see the strength of heaven now massed against them - a strength that has steadily been building over the decades out of the holocausts in the Communist-controlled power blocks of ZOG West and ZOG East.  As Corneliu Codreanu taunted his foes before he went to his execution: "The victory of the Legion is in the resurrection."

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Jimmy M writes:

The Kazarian Mafia owns all the money printing rights. That is all the fiat krap. The make the duped citizens responsible for all the money as debts, yet the KM prints and uses for their benefit only. These grand criminals have printed 700 Trillion dollars + 300 Trillion of other currencies. Remove their rights to print, must include accountability for all the phony (Babylonian Debt Scheme). Their phony money must be given back to them in payment of their manufactured debt. All the stolen assets, companies insitu resources, etc. must then be returned to every country where stolen.

Yes, this will cause a huge collapse while the KM is totally displaced. Painful to everyone without any hard assets. The world will see/suffer 60 to 90 days of disruption. By them, daylight without debt will settle most. All debt is forgiven because it was based on sleight of hand. Every country will print its own sovereign currency, limited to its asset base, markets, resources.

If the KM is allowed to be any part of the "new" system it will never work.

Tough times will be a part of the reset. But destruction of the World is the alternative. We are seeing that option now and it is ugly.

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S writes-

1. Two of the essential goals of Karl Marx and his ultimate handlers (the Rothschilds) was centralisation into the international and state controlled credit.

2. The 1988 revelation in the Rothschild controlled Economist magazine to "Get ready for a world currency". https://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf

3. After the financial crisis in 2008 there is an ongoing narrative to paint the worlds private banks as villains. Exposed money laundering. Tax evasion. FX manipulation. Metals manipulation. Benchmark rigging. Huge fines.

4. Massive global new banking regulations with Basel II, III and IV including the recovery and resolution framework (BRRD) have been implemented. This is primarily an assault on smaller local private banks to force further centralization of credit creation. Smaller banks will be a problem as they will be harder to brand as villains in the coming public money/credit debate.

5. Private banking secrecy strongholds such as Luxembourg and Schweiz are "forced" open by new regulation.

6. Bitcoin was invented or released to the public in 2008. Central banks seemingly allowing the competing cryptocurrencies, dabbling in cryptocurrencies themselves.

7. George Soros (Gy├Ârgy Schwartz) start controlling the narrative on money/credit with the organization PositiveMoney https://positivemoney.org/about/our-history/ in 2010 and Institute for New Economic Thinking (INET)  https://www.ineteconomics.org/about/our-purpose

8. In 2014 the central bankers, starting with the Bank of England, finally admitted or revealed, after fiercely obscuring the truth for over a century, on how money or credit is created by private banks themselves out of nothing. https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654

Their hand may have been forced by the 2013 empirical test and subsequent paper by the economist and banking expert Richard A. Werner. https://www.sciencedirect.com/science/article/pii/S1057521914001070,

9. Alan Greenspan talked favourably on Gold at the Council of Foreign Relations (CFR) in October 2014 https://www.cfr.org/event/alan-greenspan-central-banks-stagnation-and-gold

The board has been prepared for the next Hegelian crisis...

-The private banks and their decentralized money creation privilege will be blamed. The private banks will not be in a healthy position to argue their case in the public discourse even if they wanted to.
-Gold will be interim money once again.
-He who controls the gold have control when all credit has failed.
-He who controls the gold can launch the new credit.
-The new money/credit creation power will be limited to a global entity since the problem and crisis will be global.
--
CW wrote-

It is not the gold standard that causes deflation and depression. After an artificially pumped up credit boom, the return to a money system based on tangible value (e.g. gold) is a return to normal. The crash is the liquidation of unsustainable investments, made on the back of cheap credit in a casino fiat-money system where markets can rise on fall on the basis of the Fed chairman's comments alone.

Under a system where an increase in the money supply would have to be literally an increase in the production of that material which is money (e.g. gold), any "corrections" in the market would be negligible compared to the present scenario. The money would chase productive enterprises (simple supply and demand) instead of those propped up and favored by the easy, money-out-of-thin-air interference of institutions like the Fed. The downturns in the market wouldn't thus be huge re-allocations of resources, the likes of which are needed and overdue at the present time (regardless that the bankers still benefit, because they own -- for now -- most of the gold) to get the economy back on a sustainable and stable growth path.

Deflation caused by the gold standard itself is a myth. When economic activity increases faster than the mining and production of the gold into monetary form, the result is simply a revaluation of the monetary unit to the upside -- relatively less money chasing more goods -- leading to a completely natural reduction in prices.

The problem is not the gold standard but the centralization of the money system. As long as the central bankers have a monopoly over the medium of exchange, it is a rigged system. Going to a gold standard would be an improvement for the general populace. The real solution is the abolition of legal tender laws; the complete decentralization of the money system into a free market in the supply of currency.

People could decide whether to hold gold as money, choosing to use gold-backed currencies supplied by independent banks that didn't possess the special privileges provided by the government to inflate their money supply with impunity (using paper "certificates" unbacked by the gold in their vaults, which is how we got the present system); or they could choose another metal or commodity or crypto money entirely.

What matters is that a free market in money and interest would mean the end of inflationary monetary policy for the sole gain of banks and those most closely connected to their operations. In a genuinely free market (i.e. a laissez-faire system properly understood), excessive inflation (loss in value of the currency) would be punished by the consumer's decision to simply take his business elsewhere.

That would be genuine capitalism. A market cannot approach anything resembling freedom unless the supply of its money, the good comprising half the value of every transaction, is itself freely demanded and exchanged. 




Scruples - the game of moral dillemas

Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at