Audio: The Invisible Revolution -Part 1, 2, 3

[ManAtTheWindow]

TWO KEY ECONOMIC POINTS
YOU NEED TO UNDERSTAND

1.
Hands down the clearest explanation and proof
that banks actually create money out of thin air @ 5:36

2.
The explanation for the success of the local bank
German financial system and why it is the answer
to national growth and prosperity.

WATCH IT:

[youtube]https://www.youtube.com/watch?v=EC0G7pY4wRE[/youtube]

That is indeed a superb summary, as clear and concise as anyone could hope for.

Here's a link to the full episode from which this excerpt was taken.

RT Renegade Inc. - The Finance Curse

[MichaelC]

But the fact remains that Germany is no longer a nation, since 1945, and is merely an occupied territory controlled by the usury criminals and policed by the American army.

[je-demande]

But the fact remains that Germany is no longer a nation,

From what I can work out Michael Germany created its own financial system and was as Churchill wrote in his private letters "A threat to the world financial system"

I see this key fact repeatedly attacked claiming "Hitler was a Rothschild" and all kinds of other fiction, one thing for sure - how they reinvented themselves and what they accomplished in the 30's is/was quite breathtaking. But of course, can never be applauded.

They did this, of course, knowing full well that Wall Streets Banks were exploding the Soviet Union's GDP by at least 8 times its size in preparation for destroying Germany, but of course, everyone knows it was those pesky Germans that started it.

[kiwikeith]

Some points Richard Werner stresses about Germany is their small firm (SME) performance is the secret of 200 years of strong economic performance.

No other country has so many SME market leaders.
Why, because of Community Banking.

Germany has the largest number of not for profit / public community banks in the world (1,500).
70% of deposits are with community banks, over 90% of SME lending.
German community banks were not affected by the 2008 crisis.
Community banks increased SME lending after 2008, so there was no recession and no increase in unemployment.

So basic rule of banking:
Large banks lend large amounts to large scale financial speculators.
Small banks lend to small & medium sized enterprises.

He says also that now the truth is coming out of big bank money creation, they are preparing cybercurrency, a cashless society so we don't insist on community banks.

The Bank of England has already prepared its implant with digital currency chip under the skin, this is why the elites are now pushing Universal Basic Income, it is the bribe to accept the microchip.

At a conference at the Monetary Institute in Zurich in Feb.
[youtube]https://www.youtube.com/watch?v=IzE038REw2k[/youtube]
https://www.youtube.com/watch?v=IzE038REw2k

[Fintan]

Right on.

Control money....
Control the world.

So here's Prof. Steve Keen, with a:

Five Minute Dummies Guide to Bankster Power

[youtube]https://www.youtube.com/watch?v=287Cu5me0Og[/youtube]


Based on the principles outlined in Steve Keen's presentation,
all we need is a way for the State to reinsert itself back into the
money game from which the NWO's neoliberalism had ejected it.

Such as this new initiative in Italy:

A parallel currency for Italy is possible

Rome can regain control of its monetary policy
without breaking the rules of the eurozone.

By BIAGIO BOSSONE, MARCO CATTANEO, MASSIMO COSTA AND STEFANO SYLOS LABINI 7/5/18, 10:10 AM CET Updated 7/5/18, 4:18 PM CET

In Joseph Stiglitz’s recent article for the POLITICO Global Policy Lab (“How to Exit the Eurozone,” June 29, 2018), the Nobel-prize wining economist proposes that Italy issue a parallel currency as a way to retake control of its monetary policy.

It’s an insightful idea, and one worth exploring. However, Stiglitz is wrong when he suggests that “introducing a parallel currency, even informally, would almost certainly violate the eurozone’s rules and certainly be against its spirit.”

Our organization — the Group of Fiscal Money — has been very active in developing and promoting such a dual-currency scheme. We call it “Fiscal Money” and believe it could be used to avoid the uncertainties of exiting the euro while allowing Italy to recover economically without breaking any EU rule.

Our proposal is for government to issue transferable and negotiable bonds, which bearers can use for tax rebates two years after issuance. Such bonds would carry immediate value, since they would incorporate sure claims to future fiscal savings. They could be immediately exchanged against euros in the financial market or used (in parallel to the euro) to purchase goods and services....

READ MORE >

[Fintan]

The Facts of Modern Monetary Theory


The Great Deficit Scam

[Fintan]

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands.

Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.

[Fintan]

GOVERNMENTS DON'T NEED TO BORROW FROM BANKS

Congress appropriates, the executive branch enters into contracts, contractors send invoices, and the Treasury pays the bills by directing the Federal Reserve as the government's fiscal agent to settle the accounts.

The Fed credits bank accounts in the payments system with its own liabilities (reserve balances) and directs the banks to credit their customers accounts on their books.

This is how the government issues currency through spending.

Transfer accounts and interest payments are pre-appropriated, so the Fed just issues the necessary currency to cover the government's requirements. It's all "free money" for the currency issuer, which doesn't need to obtain its currency and logically can't obtain it since it is all issued by the government. John Maudlin is seriously confused about this process.

What about bank created money?

When a bank creates money (M1) by extending loans and crediting deposit accounts, it is not issuing currency. The bank must obtain vault cash from the Federal Reserve to meet demand at the window and it does this by exchanging funds from its reserve balances at the Fed in the payments system which are credits on the Fed's books, which can only be created by the Fed.

Similarly, if a bank customer writes a check to the US Treasury to cover a tax liability the bank has to settle that in the payments system using credits in its reserve account at the Fed that only the Fed can create.

This is what the government as monopoly issuer of the currency as its unit of account means operationally.

One could object that the Fed is a private institution politically independent and can therefore refuse to cover the government's checks. Ben Bernanke scotched that by saying that that the Fed is the government fiscal agent and does what the government authority tells it to do. Is the Fed going to bounce government checks to cover government appropriations and periodic obligations when the Fed is an institution created by Congress and delegated its powers by Congress?

http://mikenormaneconomics.blogspot.com ... oying.html

That's as simple as it gets.
Bankers are parasites on the general public.
Let bankers and business do their thang, no problem.
We the people will issue our own currency and make the big decisions.

Not some fucking bunch of bankers.

Bill Mitchell is kick ass, hardcore MMT.
Stephanie Kelton is good handling mainstream
Bernie got Sanders on board for his failed presidential bid.
Didn't frikking listen to her though.

Maybe you should:

Modern Monetary Theory Is Not a Recipe for Doom

There are no inherent tradeoffs between fiscal and monetary policy.

By Stephanie Kelton | February 21, 2019, 1:00 PM GMT

[MichaelC]

This guy is very sharp, watch all 6 lessons

[youtube]https://www.youtube.com/watch?v=CkQN4EVBXuw[/youtube]

[Fintan]

THE BILLIONAIRE ECONOMY:
ODIOUS DEBT AND ODIOUS WEALTH




https://www.rt.com/shows/front-running/ ... -finances/

@ 19mins See the difference between Steve Keen and Michael Hudson

[MichaelC]

Strange that they focus on private debts, which are consensually entered into and accepted by both parties..... except for private debts assumed by banks who then expect taxpayers to make good on them when they default, aka 'bailout',,,,all those "too big to fail" should be allowed to do so!

But they skim over a big problem: Pubic debt, aka "national debt".
"National debt" is NOT consensually entered into except by the usury bankers and their stooges in pubic office who have conspired to make unwilling debt slaves of billions of people.

Stacy and Max are entertaining but they leave a lot out.
Michael Hudson hints at the only real solution: cancellation of all non-consensual 'debts', i.e., all "national debts". And allowing ALL "too big to fails" to sink or swim on their own with no government aid.
Which, sadly will never happen because the usury banking criminals will send in their own private 'debt collectors', better known as the US military, the UN, or NATO to foreclose entire countries.