posted on Oct, 16 2009 @ 01:27 PM
A monetary system
is one which is based on the indiscriminate creation of money. A central, private institution controls the creation of money for a nation. Examples of
these are the IMF, World Bank, Bank of England, Federal Reserve, and other private banks.
This type of system is both predatory and inflationary. It derives it's wealth from exploiting the powerless and clueless masses, and relies on
Nations (190 of them) under this system, have little control over how their own economies are run. Instead, it is dictated to them by those who
control the issuance of money and loans.
Interest rates, production, inflation, and the use of this money are all in some way controlled by these few dictators who control the issuance. They
can devalue your savings by watering down the money supply (inflation.) They can freeze lending so there is not enough money in circulation to pay off
debts, and everyone has to work more for less, because the interest on those debts becomes a larger proportion of what they earn (deflation)
In other words, he who created the gold, makes the rules.
Money is created for speculation, meaning anyone can just get some cash, and use it to buy luxury items, or to gamble on the stock market, or
whatever.. If you are among the banking elite, you have the privilege of creating as much money as you want, at the expense of everyone else, then
gambling with it, and getting bailed out if you lose.. Of course, if you win, it means you have succeeded in leveraging your wealth into more power
for yourself, and less of everything for the formerly middle class, which is now the modern day, slave class who has come to 'love their servitude'
(as Huxley envisioned) because they got the TV they always wanted without having the money to pay for it..
Alan Greenspan's creation of derivatives
is an exponential expansion of this insanity. Derivatives are what are created when you take something that you are trusted with, like say a bank
deposit, and leverage it into something new. it is a piece of paper which claims to have value, but really has added nothing to the PHYSICAL economy.
This is exactly the same as: if someone loaned you $1000, expecting a guaranteed return. You took the money to the casino, convinced them that you are
'credit worthy' and 'leverage' it into $2000 in chips. You put it all on 'Lucky Larry' in the 11th race. Win or lose, you are illegally gambling
with someone else's money. Now if you win, everything is fine. You pay your debt, make a ridiculous profit, and nobody cries 'shenanigans.' But
what if the casino was taking your money and betting against you? What if they are doing the same thing, and don't have the money to pay you back if
Right now, this is what's going on.. But instead of paying the piper, these crooks are just leveraging their toxic debts further, so they can hang on
to their doomed system a little longer. as long as they can get a bet down on a race, they can't be bankrupt until the race ends. as long as there is
a coin in the air, there is still a chance (in their minds) that they can win it all back.
The derivatives market has been leveraged to the maximum, and it totals about 1.5 QUADRILLION dollars today.
that's a (1.5) thousand times a million, times a million!!
The total amount of wealth today is said to be about 100 trillion.. so derivatives have exploded to at least 15 times their corresponding physical
assets! and someone is milking a percentage off of the 92% of 'assets' which only exist on paper..
a Credit system
As proposed by Larouche, and embodied in the constitution of the US.. Is what the US did under Lincoln and under Alexander Hamilton. It is a National
Bank. Canada has a National Bank (Bank of Canada) which we utilized until 1974
It is a system of issuing credit, specifically for the purpose of developing the nation, for the benefit of it's people. Instead of for increasing
the gap of we