Strangely, it was by allowing charging interest, starting with Italian bankers in the 14th or 15th century (I forget, but it makes little difference apart from the fact that it was within the confines of the Roman Catholic Church) that the West outdeveloped the East and Islamic regions as well... Is technological development a curse or a blessing?
Private trusts Fitts will never ever tell you what a Special Master is a court of equity 😂all these people know and lie to you with only one solution, control you
It's sometimes embarrassing to me to try to figure out if someone is telling lies knowingly or out of stupidity. In Fitts' case, I don't have such doubts. :)
5 Apr 1880. President James A. Garfield,Commenting on a resolution that the government should issue all money: “It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. ” 1
1927. Sir Josiah Stamp, Director of the Bank of England:
• “Banking was conceived in inequity and born in sin.”
• “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.”
• “Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again.”
• “Take this great power away from them, and all great fortunes like mine will disappear, for then this would be a better and happier world to live in.”
• “But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” 2
24 Jan 1939. Robert H. Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Georgia:
“If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation.
This is a staggering thought. We are completely dependent on the commercial banks for our money. 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 monetary system.
When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible but there it is.
It (the banking problem) is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon.” 3
The solution is not a zero fractional-reserve system but real money, which is a token/voucher of real things.
In Gold we trust?
Gold is concentrated in the USA and Europe, where masonry is strongest:
24 August 2004. "We, at Sprott Asset Management, have felt for some time that the gold price has not remotely reflected its true underlying fundamentals. In response, we have conducted a comprehensive study of available information on the subject and have concluded that the evidence strongly supports those who believe that the gold price has been and continues to be suppressed." 4 Managed volatility allows to buy cheap and sell high.
2010. After a decade, Gold Anti Trust Association (GATA) proved with internal emails to the CFTC (US Commodity Futures Trading Commission) that JPMorgan, in collusion with others, had been manipulating precious metals prices on London markets, “through shorting the markets around key economic data releases”.5
Saying it’s “all about the money” resembles someone saying that guns are all about shooting. Nope, guns provide powerful tools for controlling situations.
No, it's NOT all about money; money is only the tool for total control, and through the reserve banks, the banking system even makes people pay for the nooses they are hanged with.
Good article. I think the biggest problem with banking isn't the zero-/fractional-reserve system, but rather, the perverse incentive to obscure risk because it maximizes the profit of the banksters. There is a simple fix, but the Fed has been hostile to such things as "narrow banking". Actually, I partly agree with the Fed. By shifting deposits into full-reserve banks, you increase the instability in the rest of the banking system, so you also have to address that problem. Fortunately, I think there is a way to smoothly transition the entire banking system into a fairly stable regime (DUDE, I SOLVED BANKING! HAHA!), but I haven't finished writing it up. Maybe later this week, I hope.
Thank you. As you may have noticed, I am practicing journalism for the average guy/girl, keeping it short and simple, but not simplistic.
The Fed is the greatest financial crime committed in history. The same interest group(s) own about 160 central banks all over the world. And there is nothing mythical about fractional banking that a simple person cannot understand, once being told what is out there.
Personally, based on the timetable of civilizations, the global collapse is inevitable.
For some comic relief, I've also sold the problem of free will (cognitively)
For those interested in following the chatter in this sector GATA Gold Anti-trust Association) is helpful -formed years ago to attempt to get to bottom of the market rigging. one can sign up for their email and get announcements and news:)
Jan 31, 2023·edited Jan 31, 2023Liked by Ray Horvath, "The Source" :)
Banks are insolvent as a given.
If you check out Merrill Lynch on the UK company database it's a hoot. One company that just a a few months before gave its "shareholders" a nice dividend quietly gets demoted to letters (i.e. ML2 Ltd). In the meantime its Balance Sheet in old and new company (now called Merrill Lynch) is completely bogus. But the "shareholders" (who have magically appeared whole in the new company) still get their dividends despite looking as if they own nothing practically.
Of course, all banks are insolvent. They question is when the Fed is going to submit the bill... I probably should have included that statement into my article.
maybe the us and world debt is null void and invalid if FRAUD is proven ???? good God please redeem us from our debt to evil and help us all return to goodness ,truth and You
Wow. My son and I were just having a conversation about this the other day. Also, very impressed you used The New American as a source. I have subscribed for years, and also enjoy all their videos online.
I forget which of the criminals said it, but it went like, "If people knew what we are doing to them, they would rise up with pitchforks." Or something like that.
Slavery has never ended on the "Land of the Free."
Not these guys. They’ve been out digging for gold in the backyard. They ran into the concept playing Civilization. It was reinforced by their uncle who took advantage of their nascent interest to give them a lesson on math, geology, real politics , finance and resource management. Where the power of childhood imagination meets the real world. Even in 2023.
Have you heard about the paper notes in UT that has gold fiber in it that is supposed to be commensurate with its "value"? That was an interesting initiative, but I haven't heard about it for over two years.
I wrote to the UT Gold/Visa card people about the relation to CBDC and this is their reply. Interested if you guys think this is for real, or a psyop to get us to buy more NWO stuff that will just go up in smoke.
We have been in touch with True Link Financial who administer the True Link Visa debit card, through whom we partner. True Link has confirmed that the True Link Card is part of the Visa network and they expect the card to continue to operate outside of the CBDC system. They also confirmed that they do not report transactions to the government.
We are already doing the things outlined in this article. The goldbacks are an ideal way to skirt around the CBDC. Please read all of this email as it mentions sound money "member to member" transfers available through our system.
Our understanding of the CBDC is that, at least at first, this will be a blockchain based implementation, ie. Crypto so even if the government retires all cash there will still be digital representations of cash in the form of bank and brokerage balances, CC/debit cards, checks etc. and none of these are crypto.
We have been developing various Specie legal tender centric options for transactions not requiring US federal notes which will also work with a crypto version of the Federal note. These include internal UPMA account transfers, online stores with prices published in Gold or Silver and settled via transfers, Goldbacks, Debit card loads, etc.
It has been an ongoing belief that multiple currencies can operate simultaneously.
This is interesting, I wonder how it may work with CBDC, or you should buy as much as you can while you still can?
The connection to VISA card is a little questionable considering MC, VISA are all part of the Global banking system. Could this be a psyop of types? I don't know.
If the Gobblers have their way, CBDC will BE the means of exchange in the world they are attempting to build. All these other ‘stores of value’ will be ‘black market’
The charge cards will disappear. No need for them or banks in the completed CBDC plan.
The premium is far and above the premiums on coinage, even in current high premium environment.
I think in a societal collapse scenario the silver coin would function as fractional amounts of gold for exchange. It seems like a more organic flow to me. Plus the current supply of US green backs could be used if agreed upon in individual transactions .
The market is definitely manipulated; kind of the way it has been with diamonds or with house prices in 2008 (banks put back only 10% of foreclosed properties on the market in order to prevent total collapse of the real-estate market).
The unconscionable sin to charge interest on money, and the beat goes on
Strangely, it was by allowing charging interest, starting with Italian bankers in the 14th or 15th century (I forget, but it makes little difference apart from the fact that it was within the confines of the Roman Catholic Church) that the West outdeveloped the East and Islamic regions as well... Is technological development a curse or a blessing?
Private trusts Fitts will never ever tell you what a Special Master is a court of equity 😂all these people know and lie to you with only one solution, control you
It's sometimes embarrassing to me to try to figure out if someone is telling lies knowingly or out of stupidity. In Fitts' case, I don't have such doubts. :)
It’s all about the money
5 Apr 1880. President James A. Garfield,Commenting on a resolution that the government should issue all money: “It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. ” 1
1927. Sir Josiah Stamp, Director of the Bank of England:
• “Banking was conceived in inequity and born in sin.”
• “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.”
• “Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again.”
• “Take this great power away from them, and all great fortunes like mine will disappear, for then this would be a better and happier world to live in.”
• “But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” 2
24 Jan 1939. Robert H. Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Georgia:
“If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation.
This is a staggering thought. We are completely dependent on the commercial banks for our money. 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 monetary system.
When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible but there it is.
It (the banking problem) is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon.” 3
The solution is not a zero fractional-reserve system but real money, which is a token/voucher of real things.
In Gold we trust?
Gold is concentrated in the USA and Europe, where masonry is strongest:
https://www.gold.org/goldhub/data/gold-reserves-by-country
There’s practically no gold left in the Federal Reserve compared to monetary base:
U.S. Reserve Assets. Millions of dollars
https://www.federalreserve.gov/data/intlsumm/current.htm https://www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html
Gold to Monetary Base Ratio
https://www.macrotrends.net/2485/gold-to-monetary-base-ratio
24 August 2004. "We, at Sprott Asset Management, have felt for some time that the gold price has not remotely reflected its true underlying fundamentals. In response, we have conducted a comprehensive study of available information on the subject and have concluded that the evidence strongly supports those who believe that the gold price has been and continues to be suppressed." 4 Managed volatility allows to buy cheap and sell high.
2010. After a decade, Gold Anti Trust Association (GATA) proved with internal emails to the CFTC (US Commodity Futures Trading Commission) that JPMorgan, in collusion with others, had been manipulating precious metals prices on London markets, “through shorting the markets around key economic data releases”.5
The full PLAN exposed:
https://scientificprogress.substack.com/p/the-plan-revealed
16 laws we need to exit Prison Planet
https://scientificprogress.substack.com/p/laws-to-exit-planet-prison
Saying it’s “all about the money” resembles someone saying that guns are all about shooting. Nope, guns provide powerful tools for controlling situations.
No, it's NOT all about money; money is only the tool for total control, and through the reserve banks, the banking system even makes people pay for the nooses they are hanged with.
Good article. I think the biggest problem with banking isn't the zero-/fractional-reserve system, but rather, the perverse incentive to obscure risk because it maximizes the profit of the banksters. There is a simple fix, but the Fed has been hostile to such things as "narrow banking". Actually, I partly agree with the Fed. By shifting deposits into full-reserve banks, you increase the instability in the rest of the banking system, so you also have to address that problem. Fortunately, I think there is a way to smoothly transition the entire banking system into a fairly stable regime (DUDE, I SOLVED BANKING! HAHA!), but I haven't finished writing it up. Maybe later this week, I hope.
Thank you. As you may have noticed, I am practicing journalism for the average guy/girl, keeping it short and simple, but not simplistic.
The Fed is the greatest financial crime committed in history. The same interest group(s) own about 160 central banks all over the world. And there is nothing mythical about fractional banking that a simple person cannot understand, once being told what is out there.
Personally, based on the timetable of civilizations, the global collapse is inevitable.
For some comic relief, I've also sold the problem of free will (cognitively)
https://rayhorvaththesource.substack.com/p/i-have-solved-the-question-of-free
and fixed the Theory of Evolution!
https://rayhorvaththesource.substack.com/p/i-have-just-fixed-the-theory-of-evolution
For those interested in following the chatter in this sector GATA Gold Anti-trust Association) is helpful -formed years ago to attempt to get to bottom of the market rigging. one can sign up for their email and get announcements and news:)
https://www.gata.org/
Banks are insolvent as a given.
If you check out Merrill Lynch on the UK company database it's a hoot. One company that just a a few months before gave its "shareholders" a nice dividend quietly gets demoted to letters (i.e. ML2 Ltd). In the meantime its Balance Sheet in old and new company (now called Merrill Lynch) is completely bogus. But the "shareholders" (who have magically appeared whole in the new company) still get their dividends despite looking as if they own nothing practically.
Of course, all banks are insolvent. They question is when the Fed is going to submit the bill... I probably should have included that statement into my article.
Not getting all notifications at the moment. Only saw this post of yours by accident.
Many of them automatically end up in spam folders.
Good piece. To me the gold of the future will be health, books, and the skills to heal and grow food (hidden away somewhere of course).
maybe the us and world debt is null void and invalid if FRAUD is proven ???? good God please redeem us from our debt to evil and help us all return to goodness ,truth and You
New Zealand and Canada, both zero gold reserves. Globalist apparatchiks?
I think NZ is more key to what's going on than we'd (down here in those isles) like to admit.
As I noted in the article, gold reserves make no difference, but the Five Eyes are definitely globalist apparatchiks. :)
There are a few versions of 5 eyes. 6 eyes includes Israel. And 8 eyes includes Norway & Germany?
Right, it's only a figure of speech.
If you look at transgender politics, seems to be common to the 8 eyes mostly.
Wow. My son and I were just having a conversation about this the other day. Also, very impressed you used The New American as a source. I have subscribed for years, and also enjoy all their videos online.
I forget which of the criminals said it, but it went like, "If people knew what we are doing to them, they would rise up with pitchforks." Or something like that.
Slavery has never ended on the "Land of the Free."
https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0f6124a0-a42d-445f-9b32-717c7e7b5c00_493x315.png
Interesting. Going to parse this and try to explain it to me gold mining obsessed seven year old grandsons. Wish me luck.
Good luck with that- bet they’ve been watching those gold mining realty shows ;).
Not these guys. They’ve been out digging for gold in the backyard. They ran into the concept playing Civilization. It was reinforced by their uncle who took advantage of their nascent interest to give them a lesson on math, geology, real politics , finance and resource management. Where the power of childhood imagination meets the real world. Even in 2023.
That’s beautiful! Thanks for correcting my assumption ❤️
No problem.thought it might be important. Thanks for responding. It means a great deal.
Have you heard about the paper notes in UT that has gold fiber in it that is supposed to be commensurate with its "value"? That was an interesting initiative, but I haven't heard about it for over two years.
I wrote to the UT Gold/Visa card people about the relation to CBDC and this is their reply. Interested if you guys think this is for real, or a psyop to get us to buy more NWO stuff that will just go up in smoke.
------- Forwarded Message -------
UPMA Staff <info@upma.org>
We have been in touch with True Link Financial who administer the True Link Visa debit card, through whom we partner. True Link has confirmed that the True Link Card is part of the Visa network and they expect the card to continue to operate outside of the CBDC system. They also confirmed that they do not report transactions to the government.
Zero hedge came out with this article: https://www.zerohedge.com/crypto/how-resist-cbdcs-5-ways-you-can-opt-out-dystopian-future
We are already doing the things outlined in this article. The goldbacks are an ideal way to skirt around the CBDC. Please read all of this email as it mentions sound money "member to member" transfers available through our system.
Our understanding of the CBDC is that, at least at first, this will be a blockchain based implementation, ie. Crypto so even if the government retires all cash there will still be digital representations of cash in the form of bank and brokerage balances, CC/debit cards, checks etc. and none of these are crypto.
We have been developing various Specie legal tender centric options for transactions not requiring US federal notes which will also work with a crypto version of the Federal note. These include internal UPMA account transfers, online stores with prices published in Gold or Silver and settled via transfers, Goldbacks, Debit card loads, etc.
It has been an ongoing belief that multiple currencies can operate simultaneously.
Robin D.
UPMA Member Services
888-210-8488
www.alpinegold.com
www.upma.org
www.goldback.com
Nope.
Well, just found this one:
https://www.jmbullion.com/50-utah-goldback-gold-note/
using the following search:
https://duckduckgo.com/?t=ffab&q=gold+based+notes+in+utah&ia=web
This is interesting, I wonder how it may work with CBDC, or you should buy as much as you can while you still can?
The connection to VISA card is a little questionable considering MC, VISA are all part of the Global banking system. Could this be a psyop of types? I don't know.
If the Gobblers have their way, CBDC will BE the means of exchange in the world they are attempting to build. All these other ‘stores of value’ will be ‘black market’
The charge cards will disappear. No need for them or banks in the completed CBDC plan.
The UT Gold back notes are very pretty!
The premium is far and above the premiums on coinage, even in current high premium environment.
I think in a societal collapse scenario the silver coin would function as fractional amounts of gold for exchange. It seems like a more organic flow to me. Plus the current supply of US green backs could be used if agreed upon in individual transactions .
Add 2% per year to above ground estimates- annual mining production:) article is from 2012.
The market is definitely manipulated; kind of the way it has been with diamonds or with house prices in 2008 (banks put back only 10% of foreclosed properties on the market in order to prevent total collapse of the real-estate market).
John Kim has a substack in which he exposes the manipulation of the PM markets. Good stuff.