You might think I’m telling you old news here, and I am. This is about a man who died 68 years ago. What has it got to do with today? This man understood exactly how bankers use creation of false credit and then financial busts or “credit crunches” to steal from the public and line their pockets for total control.
One five sentence quote sums up the problems with banking, the thieving nature of the very basis of debt-banking, the position we find ourselves facing today, the solution and, the fact that massive accumulated wealth in the hands of a few is a bad thing.
Josiah Charles Stamp, the 1st Baron Stamp was born on June 21, 1880 and died during the Blitz of London in World war two. He was a director of the Bank of England and the second richest man in the country when in a talk at the University of Texas in the 1920′s he said the following:
Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money .
Now there is an honest and honourable man: Wishing for the demise of his own great fortune because he saw the reality of the situation in which we find ourselves.
His fortune was quite diminished by the events of his death. His eldest son Wilfred died in the same house, hit by the same bomb at the same time. Under English law (at the time – I do not know if this has changed) there was a legal fiction that where the order of deaths of parties can not be established, the eldest is assumed to have died first.
Perhaps because of Stamp’s clear insight into the nature of the abyss into which society was headed his death and inheritence were treated unfairly. Despite the obvious fact that both Stamp and his son died simultaneously, it was determined that Stamp had died before his eldest son, who therefore inherited his title and wealth (albeit very briefly and not that he got a chance to enjoy it).
This meant that the already dead Wilfred paid death duties on the estate, then the estate and title were inherited immediately from Wilfred by his younger brother Trevor. Trevor Stamp also had to pay death duties and thus Stamp’s fortune and the power of his descendants was quite disrupted by this inequitable behaviour. Perhaps after the things he said it was decided this would be a good way of demoralising his remaining offspring and putting limits on them.
An interesting round table discussion where Peter Schiff, President of Euro-Pacific Capital, explains exactly why the bailouts are a mistake: They save unsuccessful firms and uneconomical jobs at the cost of successful firms and economical jobs:
Fundamentally the US dollar as the worlds reserve currency is on it’s way out because it has been devalued yet artificially propped up to an extent where it is creating unbearable global financial tensions. These can not be undone unless the rest of the world is prepared to continue to pay for America’s corporate and Government colonialism, false economic and social values – and their unpopular warmongering.
It turns out that the rest of the world is going to turn around and sticks two financial fingers in the direction of the USA. Asian economies have started the trend to de-pegging currencies from the dollar. There is a big push in this direction in the middle East too. If Europe does not follow suit soon we will be the losers whilst those who decouple from the US will win.
Most central banks do not want this to happen. They fear the devaluation of their dollar denominated “investments” (read worthless pieces of paper or numbers in a computer). They are afraid of global financial collapse.
Bad luck guys. We are in a global financial collapse, it has been a long time coming and the rest of the world is waking up to the fact that it is not just the American currency, but the American social, political and economic model we must de-couple from. The dollar investments ARE worthless – the US has no chance of ever paying it’s debts. It is bankrupt.
What are they going to do? Print more dollars to pay the debt? They can not – every time they print a dollar at the federal reserve it creates a one dollar debt at the treasury. You can’t print your way out of too much printed money.
So we have to de-couple from the USA. If we do not do so we will get dragged down the pan with them. The UK, being lead by some of the most profoundly ignorant people having been educated in outdated institutions, places great and unearned trust in America. We are less likely to decouple from America than other countries – not least because the US security apparatus have a lot of very messy information on our politicians, bigwigs, royal family and such they have gathered over many years.
The UK pound is taking a bashing because we are perceived to be one of the most stupid countries in the world in that we are least likely and will be the latest acting in decoupling ourselves from the US model. The last out will be the worst affected.
My advice to Gordon Brown: Tell Obama that he needs to impeach and imprison the former presidents Bush I, Bush II (AKA limited functionality version), and vice president Cheney. It is essential they are in solitary for the second stage to work and he can use his powers as President to name them as “Enemy Combatants”, giving him the power to imprison them in solitary for three years.
Then he must nationalise the Federal Reserve or the bankers will just pull the rug from under him.
Next start a real investigation into 9/11 – in the knowledge that the FBI, FEMA, CIA, NSA and other security apparatus of the US Government, though nominally under his watch will still be controlled by agents of the Bush family, and can thus not be trusted at all. Promote all US defence staff and security staff to whistle-blow and provide a means for them to do so and security measures for them.
It might be messy but it is better to have an honest mess than a dishonest mess. At least you know what you are dealing with. As long as we play the “Ostrich game” we may as well have our heads buried in the shape-shifting quick-sand that is “US Government policy”.
Axel Merk talking on Bloomberg about the fall of the US Dollar and de-pegging of currencies:
So why is it ABSOLUTELY IMPERATIVE we must decouple politically and economically as soon as possible from the USA? Simply put: the American social and economic model has lead to the most greedy and selfish nation in the world (the US uses 30% of world resources and has 6% of the world population), the most aggressive nation in the world (US Aircraft carriers displace more water than the rest of the world’s combined), and the most politically corrupted system anywhere in the world (in the last seven years the Bush administration has rewritten and nullified the US constitution through back door get out clauses).
This selfish, greedy, aggressive and corrupt nation will pull us down with it – in an attempt to save themselves – at our cost. It is already happening. Foreign central banks have pumped billions of US$ into the system to see them disappear into black smoke. Now there have already been complaints that US commercial banks are using the bail-out money to create asset backed debt instruments packed with crap loans expressly to sell to foreign central banks. This is a direct attempt to export more American ignorance in the form of packaged loans. Luckily the Central banks are onto this already.
If they put one cent into these “assets” they are adding to your personal debt. Wherever you are in Europe your Government has made you personally indebted to the tune of tens of thousands of dollars this year alone – irrespective of your own financial thrift, you are now a debtor. Let’s not let this situation continue one day longer.
Instead let’s face the music and dance: It is time for the US dollar to fall. It is time for the US people to consume much less. It is time for the small cabal of international bankers and politicians that have deliberately manipulated and created this situation – in order to profit from it – to be placed behind bars whilst we unravel the unholy mess they have tried to drop on our doorsteps.
Oh yes let’s hope against hope that doesn’t happen. OOPS World economy ‘weakest since 30s’ – your colleagues are ahead of you. Come on woman – get your head out of the sand. A month ago the figures “did not support it” because …. figures are reported historically on the whole, and if you do not know what you are looking at you will be lost. As a “Business Reporter” one would expect some more … intelligence … to be shown to be at work about these issues.
Stop hoping for the impossible – Another story on the BBC page yours appears on already headlines “World Economy weakest since 30′s”. In a year the historical figures released will probably include your own job loss if you don’t start recognising the inevitable – and get yourself out of cloud cuckoo land.
Oh and it’s not a drama, even if dramatic – it’s for real. Real people losing real jobs, real houses and the ability to pay for real food and stuff. And it will get much worse. And the figures do support it but you are incapable at your job, simply put.
If you can not see what is before your eyes until some government body puts it on a historical piece of paper then stop pretending to be a “reporter” and get some business cards with “US Government mouthpiece” printed on them – and please stop misleading the public with your fallacious “views” and banking baloney.
Talking the markets up is the job of stockbrokers. Propping them up is the job of Government and friendly Sovereign Wealth funds, right now, (no one else is buying). Oh except those poor retail clients that listen to people like you !
Telling the public that stupid self-interested stockbrokers are falsely talking the market up and governments and wealth funds are falsely underpinning values is your job. Maybe you forgot you work for the BBC and thought for a moment you were on Fox? Unrealistic views of the heap of crap we are in will make things worse for those people silly enough to fall for hope and not see what is reality: Current market values merely reflect an attempt to make the crash happen more slowly.
If you think this harsh here are the stories linked on the page of Karen’s “reporting”: