Originally posted by TheBandit795
reply to post by S.R.I.A.
That's a good question. I'm curious to know as well..
But it might bring some drawbacks with it. Especially with the holders of the debt.
Originally posted by derfred33
I don´t understand why stats have to pay their debts to banks. they are just giving profit to someone if not the bank owners, the stock holders, why would states be kept on the leash by profiteers?
specially when we think about states like the us or europe, if the chinese hold a large share of the us debt they can just make a deal between them... change goods or something...
maybe this is just my simple mind but there should be some truth in this.
The debt increases every year and with that the interest you have to pay rises which in turn reduces the amount of money you can actually use for education, health or whatever. Every year it gets a little worse. Every year politicians tell us "Well, we will reduce new debt to absolute zero until *insert date 5 to 10 years from now*"
Every year we are getting closer to the point where you simply cannot pay for the basics because the interest you have to pay is simply too much.
Are the all blind? What do they think will happen 10 years from now? The debt magically dissappears? What on earth are they thinking?
I don´t get it.
Jonathan May formerly worked for the International Monetary Fund in
England. In the early 1980s he came to America with a plan to release
Americans from debt to the banking system by employing the same
"credit creating" system used by international banking. The law
governing this system is the Uniform Commercial Code (UCC). May was
initially successful. Eventually, however, he was targeted and
imprisoned by the banking system. He is now in a Federal prison in the
midwest. While in prison he was interviewed by Lindsey Williams via
phone. The following is the text of that interview.
"There are thirteen families which effectively control the central
banks of the hard currency countries of the world. The hard currency
countries are those whose currency is not allowed to fluctuate as much
as the other countries' currency fluctuates. These thirteen families
have the control of the policy-making and decision-making of the
central banks of
those countries. They all practice fractional reserve banking.
Fractional reserve banking has allowed the central banks to permit the
prime banks to lend up to twenty-six units of currency for every one
unit of currency they have on deposit. The owners andcontrollers of
the prime banks are the same people who own and control the central
banks.The initial final stage of System 2000 was put into effect in
the mid-seventies. System 2000 is the global creditors unilateral
totalitarian plan for the control of the world.
A Pentagon official and three other U.S. government officials went to
the Prime Minister of Nigeria. They paid him $50,000,000 to more than
double the price of body light crude oil. This is the crude oil of
Nigeria which is some of the most valuable crude oil in the world. At
the same time that the Prime Minister of Nigeria was being persuaded,
other Trilateral Commission members were in the Middle East persuading
the Middle East nations and England to consolidate OPEC. The deal cut
with the Middle East oil producers was that the oil buyers were
to pay significantly higher prices for oil if the Middle East nations
would invest the revenues in the big banks in America.
Sheik Yamani's nephew assured us that Sheik Yamani and other oil
min-isters did not know until late in the seventies or in the eighties
that the controlling interest of the prime banks is held by the same
people who have the controlling interest in the major oil companies.
They control through a joint stock trust which was set up by the
original Rockefellers here in America in 1870. This was three years
before the United States government declared joint stock trusts
illegal in 1873. It is this entity which is the ultimate controlling
factor in America of the prime banks, the Federal Reserve, the major
oil companies, and many other multi-nationals. This trust is in joint
control of the Rockefeller Foundation and their European interest.
The deal cut with the Saudis, the Kuwaitis, and the middle eastern
peoples was that they were to put their money in the prime banks in
America. They did not know that the prime banks were able to lend
twenty to one. All they were to receive was the interest on the money
they deposited for between ten to thirty years. They were to receive
the principal at the end of the term.
Because they had locked-in deposits from the Middle Eastern nations,
the banks were able to make loans to the Third World nations. The
banks relied on the greed of those ministers of those Third World
nations to mis-handle the money. Over the years, that manipulated
greed has caused those countries to be in the bankrupt position they
are in today.
In 1981, I found out that the Hunt brothers of Texas and John
Conley,the Governor of Texas, who was also the Under Secretary of the
Treasury, hadsecretly tried to implement a new currency for Texas.
They could legally dothis because Texas is only a part of the United
States by treaty. Thistreaty is automatically renewed every year. It
has become a tradition, obviously, that it is renewed every year
because it is not actually, physically, renewed every year. This made
it possible for Texas to create its own money.
The Hunts were in partnership with the Shah of Iran, a German bank,
and an Austrian bank. The Hunts made one mistake. They were buying and
sell-ing silver irresponsibly. They had one man doing both buying and
selling on the same floors in all the exchanges. Wor got out and the
result was that the German banker was murdered, the Ausrtrian banker
was so badly beaten that he will never get out of a mental
institution, and the Hunts are virtually bank-rupt today. The Hunts
had sixteen billions
in worth at the time. The Shah was perfectly healthy when he left
Iran. He was only declared sick when he arrived in America. He was
held in "protective custody" in military bases where he was treated
and became progressively worse and ultimately was shipped off to die.
In 1983, we became aware of the fact that a group of very, very quiet
bank holding companies were extending credit wherever they felt like
it, under whatever terms they felt like. They are authorized under
Regulation Y, Section 225.4 of the United States Code to extend this
credit. Those companies were receiving loans from the prime banks.
With this money they were buying foreclosed real property and
businesses with bricks and mortar from liquidations, foreclosures and
These were bussinesses which were affected by FDIC and FSLIC
foreclosures. We could not understand this, and between 1983 and 1985
we researched it and still could not understand it.
Then we found the answer in 1985 when we were approached by an
emissary from President Marcos of the Philippines and President
Saharte and others from Indonesia. They had a severe problem. Their
problem was that, having borrowed all the money that they had
borrowed, they now needed more money. The only way that the
International Monetary Fund was prepared to lend them more money was
if they would do three things:
1. Eliminate their own currencies and become Dollar denominated. This
would eliminate cash altogether.
2. If they would go to a unilateral centralized credit card system.
This was to be a part of their Social Security system, part of their
identity system whereby everybody in the country would have a Social
Security number which would be synonymous with a credit card number.
Their Central Bank was to act as the wholesaler for credit which was
extended to it by the new super bank. This was announced by Paul
Volker on the 27th of October, 1985.
3. In order to help the economies of those countries, the
International Monetary Fund was going to nominate external non-
domestic corporations to properly engineer, exploit and excavate the
minerals from those countries in return for PERPETUAL ROYALTIES.
This excavation would bring prosperity to the nation. Marcos was sharp
enough to pick up on the word PERPETUAL, and realized he would be
signing away the sovereignty of his nation. He was not prepared to do
this. Marcos approached us through his emissary, Colonel Christopher
Banis. We were aware of this offer made by
the International Monetary Fund through our connections in London who
are close to Sir Jeffrey Howe. If they agreed to the International
Monetary Fund's terms and conditions, they were to have their existing
debts forgiven, absolutely. New lines of credit were to be extended to
them and the new lines of credit were to be under better terms and
When we heard the term PERPETUAL, and when we heard the words "Totally
forgiven", we immediately began to recognize what was
happening.Another group of holding companies was operating with the
previous group of holding companies. The second group of holding
companies was receiving credit from the first group to purchase assets
and liabilities from the prime banks. The only liabilities they were
purchasing were the liabilities represented by the deposits of the
Arab nations. The only
assets they were buying were the assets represented by the loans made
to some of the debtor nations.
It then became clear, through our own people in the Trilateral
Com-mission, that the forgiveness of the Third World debts would
eliminate the assets which were being purchased by this second group
of holding companies. This left them only with the liabilities that
were owed to the Middle East nations and being serviced by the prime
banks.The Arab nations had no idea that these liabilities were now
owed by the holding companies and that the debtor nations had stopped
paying the prime banks. The prime banks' and holding companies'
arrangements were that the prime banks were to act as servicing agents
for the holding
companies so that the Third World nations would not know that the
holding companies were owed the money.
The effect of the elimination of the assets of the second group of
holding companies is threefold:
1. The holding companies would be insolvent and would legally be able
to declare themselves insolvent.
2. They could legally and legitimately avoid payment to the Middle
3. The Middle Eastern Arab nations will have to liquidate all their