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[abc125] 02/5/2011 17:50

The banking system explained in 10 minutes:

[abc125] 01/5/2011 12:39

Understanding the exponential function:

[abc125] 01/5/2011 12:39

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

[abc125] 01/5/2011 12:38

Economists, bankers and most government leaders choose not to discuss a very significant mathematical flaw in our present money system. The flaw is that under our present money system all money is created by the banking system and put into circulation as interest-bearing loans. This process makes it mathematically impossible to repay the loaned principal plus the incurred interest because when all the money is created as loans, only the principal is created-never the interest.

There is simply no way to create the additional money needed to pay the interest incurred by the loan. Money does not grow. Only the principal is created by the loan. The principal is uncreated when it is repaid. When the interest comes due, the debt becomes greater than the money supply! A SHORTAGE OF MONEY IS CREATED THAT CONSTANTLY GROWS.

[abc125] 30/4/2011 19:54

The story of Brooksly Born, the CFTC director who tried to regulate the OTC derivative market 10 years b4 the lehmans debacle. She was over ruled by greenspan/summers and eventually forced out of her job, despite LTCM blowing up spetacularly.

[abc125] 30/4/2011 18:31

*"We are grateful to the Washington Post, the New York
Times, Time Magazine, and other great publications
whose directors have attended our meetings and
respected their promises of discretion for almost
forty years. It would have been impossible for us to
develop our plan for the world if we had been subject
to the bright lights of publicity during these years.
But the world is now more sophisticated and
prepared to march towards a world government..."


Banker David Rockefeller, illustrating the power elite's chokehold on the mass media,while addressing the attendees of the Bilderberg meeting, in Sand, Germany on June 5, 1991, concerning the media's role in promoting globalist objectives.

[abc125] 29/4/2011 23:08

Hilarious alex jones interview from 2008 with david de rothchild:

[abc125] 29/4/2011 00:05

"I am afraid that the ordinary citizen will not like to be told that banks
can and do create money ...And they who control the credit of the nation
direct the policy of Governments and hold in the hollow of their hands
the destiny of the people"
Reginald McKenna, past Chairman of the Board, Midlands Bank of England.


"That is what our money system is. If there were no debts in our money system, there wouldn't be any money."
Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board.


"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. 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 situation is almost incredible -- but there it is."
Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta


"One thing to realize about our fractional reserve banking system is that, like a child's game of musical chairs, as long as the music is playing, there are no losers."
Andrew Gause, Monetary Historian


"I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue."
Congressman Wright Patman


"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, that there is no human relation between master and slave."
Leo (Lev)Tolstoy


"None are more enslaved than those who falsely believe they are free."
Goethe


"Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."
James A. Garfield, assassinated president of the United States


"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.

Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it."
David Rockefeller, international banker Memoirs (2002) pg. 405

[abc125] 28/4/2011 19:00

Why have the history books never taught us about a currency system that lasted 700 years?


THE TALLY STICKS (1100 - 1854)


King Henry the First produced sticks of polished wood, with notches cut along one edge to signify the denominations. The stick was then split full length so each piece still had a record of the notches.

The King kept one half for proof against counterfeiting, and then spent the other half into the market place where it would continue to circulate as money.

Because only Tally Sticks were accepted by Henry for payment of taxes, there was a built in demand for them, which gave people confidence to accept these as money.

He could have used anything really, so long as the people agreed it had value, and his willingness to accept these sticks as legal tender made it easy for the people to agree. Money is only as valuable as peoples faith in it, and without that faith even today's money is just paper.

The tally stick system worked really well for 726 years. It was the most successful form of currency in recent history and the British Empire was actually built under the Tally Stick system, but how is it that most of us are not aware of its existence?

Perhaps the fact that in 1694 the Bank of England at its formation attacked the Tally Stick System gives us a clue as to why most of us have never heard of them. They realised it was money outside the power of the money changers, (the very thing King Henry had intended).

What better way to eliminate the vital faith people had in this rival currency than to pretend it simply never existed and not discuss it. That seems to be what happened when the first shareholder's in the Bank of England bought their original shares with notched pieces of wood and retired the system. You heard correctly, they bought shares. The Bank of England was set up as a privately owned bank through investors buying shares. Even the Banks resent nationalisation is not what it at first may appear, as its independent resources unceasingly multiply and dividends continue to be produced for its shareholder's.

These investors, who's names were kept secret, were meant to invest one and a quarter million pounds, but only three quarters of a million was received when it was chartered in 1694.

It then began to lend out many times more than it had in reserve, collecting interest on the lot.

This is not something you could just impose on people without preparation. The money changers needed to created the climate to make the formation of this private concern seem acceptable.

Here's how they did it.

With King Henry VIII relaxing the Usury Laws in the 1500's, the money changers flooded the market with their gold and silver coins becoming richer by the minute.

The English Revolution of 1642 was financed by the money changers backing Oliver Cromwell's successful attempt to purge the parliament and kill King Charles. What followed was 50 years of costly wars. Costly to those fighting them and profitable to those financing them.

So profitable that it allowed the money changers to take over a square mile of property still known as the City of London, which remains one of the three main financial centres in the world today.

The 50 years of war left England in financial ruin. The government officials went begging for loans from guess who, and the deal proposed resulted in a government sanctioned, privately owned bank which could produce money from nothing, essentially legally counterfeiting a national currency for private gain.

Now the politicians had a source from which to borrow all the money they wanted to borrow, and the debt created was secured against public taxes.

You would think someone would have seen through this, and realised they could produce their own money and owe no interest, but instead the Bank of England has been used as a model and now nearly every nation has a Central Bank with fractional reserve banking at its core.

These central banks have the power to take over a nations economy and become that nations real governing force. What we have here is a scam of mammoth proportions covering what is actually a hidden tax, being collected by private concerns.

The country sells bonds to the bank in return for money it cannot raise in taxes. The bonds are paid for by money produced from thin air. The government pays interest on the money it borrowed by borrowing more money in the same way. There is no way this debt can ever be paid, it has and will continue to increase.

If the government did find a way to pay off the debt, the result would be that there would be no bonds to back the currency, so to pay the debt would be to kill the currency.

With its formation the Bank of England soon flooded Britain with money. With no quality control and no insistence on value for money, prices doubled with money being thrown in every direction.

One company was even offering to drain the Red Sea to find Egyptian gold lost when the sea closed in on their pursuit of Moses.

By1698 the national debt expanded from £1,250,000 to £16,000,000 and up went the taxes the debt was secured on.

As hard as it might be to believe, in times of economic upheaval, wealth is rarely destroyed and instead is often only transferred. And who benefits the most when money is scarce? You may have guessed. It's those controlling what everyone else wants, the money changer's.

When the majority of people are suffering through economic depression, you can be sure that a minority of people are continuing to get rich.

Even today the Bank of England expresses its determination to prevent the ups and downs of booms and depressions, yet there have been nothing but ups and downs since its formation with the British pound rarely being stable.

[abc125] 27/4/2011 23:59

"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

Various quotes from famous people:

[abc125] 27/4/2011 01:00

Bill Still on Alex Jones : No More National Debt.

Bill disagrees with the gold bugs that a return to the gold standard will prevent booms and busts, because he beleives the rich hold all the gold, therefore all you will do is perpetuate the same system. He proposes the issue of a debt free fiat currency (like the greenback) 'issued' by the govt coupled with 100% reserve backing - i.e. abolish the fractional reserve system which will also therefore limit a governments ability to carry out defecit spending.

His proposals are worthy of further investigation IMO.

[abc125] 26/4/2011 22:13

Matt Taibi, Rolling Stone reporter, interveiwed on the Kaiser report:

[abc125] 26/4/2011 00:32

Martin Armstrong, ex con, now free.

It has been a hard battle just to write. We tend to think that we live in a country that is free and we have all these rights. Nothing could be further from the truth. For you see, they turned the constitution upside down. Instead of you having rights, you have to prove they exist.

........ On Judge Levine's first week on the job (at the CFTC), nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that he would never rule in a complainant's favor.....

[abc125] 25/4/2011 01:04

Deflation or hyperinflation?:



thanks to Gazkaz

[football] 24/4/2011 23:51

America appears to be sleepwalking towards disaster – does no one care?

[abc125] 24/4/2011 23:06

The fluoride deception:



check your local water supply!

[abc125] 24/4/2011 15:52

Welcome to the website of Prosperity, a quarterly Money Reform journal based in Glasgow, Scotland, which is dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money. It has been published since January 2000.





Bill Still speech in Bromsgrove :

[abc125] 24/4/2011 01:17

Here's an interesting SPX chart which suggests secular bears end when PE's have been compressed to minuscule levels and since global markets move in lock step with each other, I think it is relevant to the ft-se.

Unlike 1932, 1974, 1982...etc, we did not reach a great generational buying opportunity in March 2009 when equity markets bottomed.

That time has yet to come IMHO.

I'll be looking out for a ft-se 100 PE ratio of between 5-7 (probably lower) and dividend yields roughly the same as the PE.

[abc125] 24/4/2011 00:55

JFK warns against secret societies:

[abc125] 24/4/2011 00:48

Cheers matey, a lot of heavy viewing/reading here. Hopefully people will begin to see how the money system really works.

[football] 24/4/2011 00:39

abc125 - your not alone ;)

[abc125] 24/4/2011 00:35

Bill Still, The Secret of Oz:

[abc125] 24/4/2011 00:33

The Judy Garland classic, The Wizard of Oz, based on Frank Baumns novel from 1900, was actually a parable about the evils of central banking:

[abc125] 24/4/2011 00:18

Alex Jones interviews Bill Still:

Part 1:


Part 2:


Part 3:


Part 4: