We have returned to a feudal system where the workers (peasants) must pay tribute to the world’s billionaires for generations.

The House passed its version of the fiscal 2024 National Defense Authorization Act, or NDAA, which sets policy for the Pentagon and authorizes $886 billion in spending, by a vote of 219-210.
===============

“I’m sorry Mr. Vice President… you are distressed that the Ukrainians don’t have enough American tanks? Every city in the United States has become much worse over the past three years,” Carlson said. “Your concern is that the Ukrainians, a country most people can’t find on a map, who have received tens of billions of US tax dollars, don’t have enough tanks? I think it’s a fair question to ask: where’s the concern for the United States in that?”
=====================

Mike Pence–a Nazi with a pence for spending on military matters—

Though there are some interesting ideas raised by the author, I think the solution offered by Frederick Soddy is by far the most sensible:

‘The proposal, therefore, is that the Government should issue the necessary money to the banks in exchange for the borrowers’ collateral, so that henceforth these borrowers owe, not the banks, but the nation which, not the banks, has supplied the goods. They can then repay their debts without destroying the nation’s currency and making it impossible for them to find the money to pay. For as the loans fall due and are repaid, the Government should put the money back into circulation (or into the pound-for-pound deposits of cheque users) by buying with it National Debt securities and
destroying them. Thus an equivalent of interest-bearing National Debt would be destroyed for the non-interest bearing National Debt that is money.’

Frederick Soddy, The Role of Money, pages 69-70.

https://archive.org/stream/roleofmoney032861mbp/roleofmoney032861mbp_djvu.txt

Naïve.

(((They))) are currently looting the Treasury by siphoning off aid to Ukraine and charging $100 for each screw the Pentagon purchases. This is on top of the billions stolen during the scamdemic, Medicare fraud, Section 8 fraud, and every other government program and forever war. It’s been this way for three decades, and we are getting to the end. There is no way (((they))) are going to stop now.

A simple first step solution on the way to solving the debt problem would be to stop giving Tribesman Zelensky mo’ money.

Video Link

In 1939 Jerry Voorhis introduced a bill (H.R. 4931) proposing to buy out the private owners of the Federal Reserve with Treasury-issued money and liquidate the national debt by purchasing the Reserve’s holdings of Treasury bonds as they mature “in the same manner in which the banks bought the bonds originally — namely with newly created money” — public credit created by the Treasury, not the Federal Reserve’s consortium of private banks.

H.R. 4931 specifically proposed: (1) that the capital stock of the twelve Federal Reserve Banks be purchased by the government, thus making the central banks the property of the people; (2) that a new Federal Reserve Board be appointed, directly responsible to Congress; (3) that whatever amount of money was called for according to economic circumstances be paid into circulation through such programs as old-age pensions, wages on public works, loans to agriculture and industry (this would mean controlled issue of new debt-free money).

150 Congressmen co-signed the bill and were pledged to vote for it. The 150 co-signers attest the propositions legality, practicality, and feasibility. House leadership buried it in Committee where it died when the 76th Congress expired. In 1946 five-term Ventura Congressman Jerry Voorhis was the victim of Richard Nixon’s first dirty tricks campaign, out-funded ten-to-one by presidential father and grandfather All Street financier Prescott Bush and others of his ilk.

Voorhis’s proposal is as practical now as in 1939.

It would be nice to see a list that contains all the name of agencies, scam agencies and countries , etc. etc. etc. that we supposedly owe all these trillions of dollars too. Names, addresses, phone numers of all those who sent us down this road to Hell would be helpful too.
The Social Security money sent to Kiev beats them all – though.

When they have been able to ruthlessly murder millions of people to steal their land and livelihoods or enslave them out of criminal greed; And if there is now the possibility of creating money out of the air, money supposedly from nobody but that the population will pay with inflation, it would not be an immense temptation to print it and appropriate it and distribute it among those considered lucky.
It would be interesting to investigate.

Maybe a piece on the 1942 Tax Act which didn’t featherout until 1981, the tremors started with NYC/Lazard bailout.

America is a golden calf and we will suck it dry, chop it up, and sell it piece by piece until there is nothing left but the world’s biggest welfare state that we will create and control. This is what we do to countries that we hate. We destroy them very slowly.
Benjamin Netanyahu

State banks would change the financial dynamics of each individual state. All the auto, student, personal toys, homes, and business loans along with credit cards all produce interest payments. Those earning now go to the private investor class that own the current banking systems.

A state bank earning that interst money would allow for the reduction, if not outright elimination of many of our state level tax burdens. State income taxes such as my state has could be eliminated providing more monies to the individual for investments, home improvements, personal savings, and better education for their children. These extra monies could also be directed into state bonds that could be used to improve infrastructure.

By eliminating the federal banks at state level, but maintaining a federal bank at national level enacting the policies that Brown has suggested would be a two front win. The state level banking system is in fact another topic often discussed by Brown.

Government’s great contribution to human wisdom…is the discovery that the taxpayer has more than one pocket.
H. L. Mencken

Yes, let’s find another way to scam the public and never solve the actual problem. All these proposals are a shell game to obfuscate the theft the system is designed for.

Look at things logically. The reason the military hasn’t passed an audit is because they don’t want to pass an audit. It’s the military that is the ‘deep state’ along with the intel agencies and hangers on. That’s why its budget is so large and the business of the US is war, death and destruction to consume materials so they need to be replenished, wash, rinse, repeat. Is this so difficult to understand?

The US has been a soft military dictatorship ever since the deep state knocked off JFK and performed a coup d’etat that went unnoticed since they control the media. All you voters are the audience in the election theater while the deep state runs the show and steals everything including your life savings, pensions, everything as they implode the Dollar on purpose. Their entire game plan of late is to strip mine as much as they can, while they can and leave an empty husk of a country behind. They don’t give two shits about any of you.

Thanks!

Soddy is a very important and nearly forgotten economist, who did influence the Raw Material economic analysis as he is referenced by Charles Walters in “UNFORGIVEN: The American Economic System SOLD for Debt and War”

Voorhis’s proposal is as practical now as in 1939.

No, it’s not. The entire ‘national currency’ scam needs to end. No gov’t should have anything to do with what the people use as real money, not some bullshit currency invented out of nothing for the oligarchy to buy up the country.

There should be no central bank. The country’s treasury should have absolutely no ability to invent phony money from nothing. The concept of a treasury would just be their repository of metals with which to pay bills.

The metals are the only real money that’s ever been recognized. Fiat or representations of money such as partial backing of gov’t currency with the metals is just a scam. Gov’ts cheat; it’s what they do. To prevent cheating, the money should be the actual metals that can’t be conjured into existence at the whim of some banking cabal.

The entire world should use gold and silver as their money. This means no seigniorage, no arbitrage, no differences in the value of the money from place to place around the globe. War would have to be paid for in metals. Don’t have the necessary metals, then there’s no war.

Prices for everything around the world would be in G:S:C, grams of gold, silver and copper. There’s no need for the artificially invented Dollar, Euro, Pound, Yen, etc. Vaults could store the metals owned by individuals for a fee and we could spend our wealth with debit cards for convenience where the vaulting operation just moves accounting entries around for who owns what gram of metal. Periodically and as necessary physical metals would move from one vault to another to square accounts.

That’s the only way to get rid of the bankers and their stranglehold on the entire world’s population since this mechanism doesn’t mention a bank once.

Ellen Brown’s essay is all over the map, citing proposals that range from solid (audit the Defense Department) to silly (Dean Bonkers’ proposal for QE-infinity / hyperinflation).

A $900 billion defense budget indeed is the elephant in the room. But ferreting out waste and contractor chiseling is a diversion from the overriding issue: the US empire does not and cannot pay for itself.

Close down NATO; close all foreign bases; defend US borders and nothing more. Then we could enjoy domestic peace with a $300 billion defense budget. The $600 billion annual excess for sustaining the global empire, compounded over three generations, has impoverished the US and frozen its living standards.

We can have a global empire, or we can have the world’s highest living standards. But we can’t have both.

Megalomaniacal warmongers of both the DemonRat and Republiclown parties — who benefit from deep underground rivers of graft — are near-unanimous in choosing empire over domestic prosperity. We just got a big dose of this at the NATO summit (“Biden” to Zelensky: ‘the bad news is, you’re stuck with us’). Likewise, the House just defeated, by a large margin, an NDAA amendment which would have prohibited any further aid to Ukraine.

History shows that, without exception, empires die. Unwilling to repudiate a 75-year global domination strategy that has spectacularly failed, the grotesquely misruled US is headed over the cliff like Thelma and Louise. No amount of auditing, rooting out waste, state banks, etc can fix a dying empire. Deliberately dismantling it is the only answer, but is superciliously rejected by all concerned.

I have never quite understood all this stuff about deficits and interest payments. As far as I have been able to see, when the Americans need money, they just print it, and we vassals are supposed to accept it tamely as having value.

Sadly, the author and many commenters think bigger government programs are the answer. They would change from military spending to infrastructure spending. Empowering the elite in a different way and robbing the people of their money. This country will fail due to the misunderstanding of what makes things work and what doesn’t. The growth of government power will not fix anything. Train derailments, for example, are caused by the railroad companies refusing to fix the problems they have with their equipment. That problem should not be solved by the government but by the railroads. Any railroad that causes serious damage from derailments should be put out of business and taken over by competitors that will run them properly. No amount of government control and government spending can solve anything.

Every dollar of waste fraud and abuse is a dollar of income to someone.

Every word you uttered is a-historical.

The revolutionary war was due to the Bank of England whispering sweet nothings into King George’s ear.

Parliament then went about demonetizing colonial script. This demonetization then destroyed the circulating medium of the Colonials, and they went into a depression.

At the same time, they made the Colonials pay for trade imbalance in gold, which further drained the colonies. Oh wait, the BOE was a takeover of England by our (((friends))) in the nameless war. (See Ramsay’s book.)

The BOE was not a state bank, it was a privateering finance corporation taking control of a country.

The revolutionary war was fought with “Continentals” or state money. The articles of confederation specifically hold up “Bills of Credit” as the money of the realm, or state money. Bills of credit are the mechanism for creating new state money, or in this case – continentals.

At the constitutional convention, the revolutionary war was undone, as several Senators were afraid of the big “money men” like Roger Morris. Bills of credit (state money) were erased from reality, because the money men wanted their pound of flesh.

When the constitution was written, the mistake in Article 1 section 8 did not transmit forth bills of credit from the articles of confederation. The new legal document did not have legal money, it instead wanted the new country to borrow its money.

Basically, the new country was to borrow its credit from privateers. This very act meant that the US can never be of the people and for the people, it is not monetarily sovereign.

With regards to gold or metal money, the STATES were not to create money, only the Treasury.

The states could dig up metal out of the ground, and then monetize it by turning it into coins. The new country did need metal to pay for international trade, because that is typically how trade imbalance was settled.

Libertarians spout a-historical gibberish. This brainwashing doctrine was invented by Jewish thought leaders to then blind you, as a dupe.

Once a country has nuclear weapons and a serious delivery system, there is no actual need for a defensive military made up of grunt too stupid to find employment in the private sector. All the ridiculous navy surface ships, actually floating coffins, could be sold off and since fighter jets no longer fight but are just range extenders for missiles and rockets, they can be sold off as well. A small contingent of people that know how to maintain and launch the nukes is all that’s required for defense.

The US and every other nuclear equipped state could simply tell the rest of the world that any incursion into their territory would be met with a nuclear response since that’s all they have to respond with. What country would risk that threat of nuclear annihilation for some temporary gain in some bullshit war?

The militaries of the world are where the useless and violent assholes end up. It’s the fact that they exist that provides the political class their excuse to use them.

The pioneers of a warless world are the young men who refuse military service.
Albert Einstein

The military caste did not originate as a party of patriots, but as a party of bandits. The primeval bandit chiefs eventually became kings. Something of the bandit character still attaches to the military professional. He may fight bravely and unselfishly, but so do gamecocks. He may seek no material rewards, but neither do hunting dogs. His general attitude of mind is stupid and anti-social. It was a sound instinct in the Founding Fathers that made them subordinate the military establishment to the civil power. To be sure, the civil power consists largely of political scoundrels, but they at least differ in outlook and purpose from the military….
H. L. Mencken

Lately I have been giving thought to the plight of our country, the USA, and the other countries in the so-called “civilized” world. I have come to the conclusion that ALL of these economies are based on FRAUD – the “loaning” of fictitious, fiat “money” to governments, corporations and individuals.

I have especially been thinking of corporations and private individuals who, through the use of DEBT, acquire the wherewithal to purchase ASSETS – housing, such as single-family residences, apartment buildings, condos, townhouses, etc. – and then RENT these structures out to people who have not been in a position to do the same thing. These “renters” (landlords) have used fraud and debt with which to take advantage of people not so “fortunate” as they are. In other words, “renters” / “landlords,” for the most part, use debt and fictitious fiat money to “get one over” on another person.

After moving to NE Tennessee from northern Illinois, I was looking for a house to purchase. I finally found one and my real estate agent recommended a mortgage company based out of Knoxville. After applying for the mortgage, the mortgage company “made me jump through hoops” to obtain the mortgage.

They wanted me to show that I actually had the means to purchase the home outright, which I did. I had some IRAs and between those and my savings accounts, I could have paid for the home in cash. But in order to do that, I would have had to redeem at least one IRA and I would have incurred a huge income tax liability. So I applied for and obtained the mortgage.

I was living in an apartment while waiting for the mortgage to be approved. I was outside the apartment, smoking my pipe and thinking of the hassle that I was being subjected to, in order to get the mortgage. I went inside and my lady friend asked me what I was upset about. I told her that I was upset about all the B.S. that I was being subjected to by the mortgage company.

I asked her if she had any idea where the (mortgage) “money” was coming from and she said “no.” I told her that it WASN”T COMING FROM ANYWHERE!” She asked me what I meant and I told her that the “money” was just someone’s number on a computer screen, nothing more. I said that the “money” did not exist; it was completely fictitious and that there was nothing “real” about it.

I then asked her if she wanted to hear the worst part of it all. She said “OK” and I explained to her that after I had received the mortgage, if I missed payments, the mortgage company could begin a process called foreclosure, where they would end up with the house. They would end up with a REAL ASSET, when they began with NOTHING! I told her that was the absolute truth.

Using my personal life and work history, I can honestly say that my 40+ years spent in the workforce as an industrial electrician was a history of being gainfully employed, providing a needed service to various corporations that were in business to manufacture quality useful products that people wanted to purchase.

There has been only one instance in my life that I can recall when I was being “less than honest” in any dealings with another individual. That was when I was selling a piece of used amateur radio (ham radio) equipment to another individual. I had bought the piece of equipment new and had it repaired twice under warranty. I did not volunteer the information to the individual that I’d had problems with it in the past, but if he’d have asked me about any previous problems, I would have told him. He was a kind of a know-it-all” person and I never heard anything from him after the sale that he had any problems with the piece of equipment. So maybe it worked just fine for him. I hope that was the case.

Anyway, just my thoughts about money and our “business system in which we participate…

Thank you.

The central bank was invented in 1690 because William of Orange was a broke deadbeat and needed to steal money. It’s nothing more than a clever theft ring.

The Federal Reserve was established in 1913 because USG had acknowledged it was a broke deadbeat and needed to steal money.

The only way out of any debt ‘traps’ is to, like, outlaw theft again. Abolish the central bank. The only way to put a stop to broke deadbeat behaviours is to make them go bankrupt and force a replacement.
Ideally abolish the IRS while you’re at it. Taxation is a violent crime, highway robbery.

Inflation is theft. The point of [[deficits]] and [[interest]] is to distract, so you don’t notice that money-printing is merely legalized counterfeiting. It didn’t work on you, but it most of the time it works on most. “Oh man oh geeze we wouldn’t have caused an economic crisis like paper money and central banks always do, if we had just set the interest rate at the correct value. Oopsie daisy! Just a little fucky wucky! Could have happened to anyone!”
Inflation steals from anyone who holds cash or holds the rights to a debt. E.g. anyone who wants to buy oil has to get ahold of dollars, and while they’re holding the dollars the Fed is stealing from them.

Note that the Fed uses price-fixing on interest rates, which is a whole other multilevel sewage cake. Current Fed rate is near-zero and actual market interest rates on dollars are in the 25% range, not including the ncov printing frenzy, which peaked market interest rates at over 60%.

We’re the policeman of the world, though no one asked US to be, but we lack the common sense to extract a hefty fee for the job. When the Limeys had an empire, they taxed the heck out of India, Africa and the rest. We claim a direct descent from the British but we don’t have their avaricious DNA, so, what gives? Our stupidity will be our ruin!

The Bankster’s have their plans right here for total control over everyone.

July 13, 2023 57 Banks and Financial Institutions Certified for FedNow Instant Payments – Fed President Admits Withdrawals Can be Limited

57 “early adopter organizations” have now been certified to participate in the U.S. Federal Reserve’s FedNow instant payments program that will be rolled out later this month (July, 2023).

https://healthimpactnews.com/2023/57-banks-and-financial-institutions-certified-for-fednow-instant-payments-fed-president-admits-withdrawals-can-be-limited/

April 20, 2023 U.S. DEBT: VISUALIZING THE $31.4 TRILLION OWED IN 2023

Can you picture what $31.4 trillion looks like? The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current level of federal debt is 230 million times larger.

https://www.visualcapitalist.com/cp/us-debt-31-4-trillion-owed-in-2023/

Libertarians spout a-historical gibberish.

“Libertarians always refuse to recite my catechism 😭” Yeah how dare they outgroup. Don’t they know only ingroup is good? All the world’s problems are caused by everyone not identically sharing my superstitions.

The main problem with the US public is that they still believe that their beloved federal government is valid and run by reasonable people. How can you fix this?
90% have little or no idea what the federal government is up to and even less interest in finding out.
Bread and circuses till the end, oorah!

‘The Federal Reserve was established in 1913 because USG had acknowledged it was a broke deadbeat and needed to steal money.’ — Alrenous

To scope in a little closer, after the financial panic of 1907, banks wanted a deeper-pocketed government backstop. Whereas the US fedgov — then accounting for only 3 percent of GDP — wanted a central bank to monetize its debt. This would enable a larger footprint for Big Gov and importantly, allow it to finance wars.

No sooner than the Federal Reserve went into business in 1914, WW I broke out. After getting re-elected on an antiwar platform in 1916, lyin’ Woody Wilson promptly waded into the conflict with the fedgov’s new financial resources.

A century on, nothing has changed. Permawars are a profitable way of life for the ‘defense’ establishment. Trillion-dollar deficits forevermore can be monetized by the Fed as needed. Currently, the Fed is slowly offloading Treasury debt from its balance sheet. But soon enough, something will break, and the Fed will rush back in with QE5 — all better! (for the banksters, at least).

The military caste did not originate as a party of patriots, but as a party of bandits.

You have been butt-snorkling libertarian dogma as an anarchist. Six of one/half dozen of the other.

The first “state military” working for the creditor class, could arguably be the red-coats.

After the take-over of London, and institution of the square mile, then first debt spreading bank (BOE) -the newly inserted corporatocracy needed a mercenary army. The western world is a corporatocracy, a distinction I doubt Menken could understand.

The East India Company (British) was a corporation, which has a root word “corporeal.” Men at arms. Men of the body and at arms. This mercenary army were the bandits and the King’s red coats had not been overtaken yet.

These men at arms were privateers to insure far flung debt corporate contracts were paid. This mercenary army was supplanted by the red coats after England was completely parasitized by the (((creditor class))). The time in history when the red coats were supplanted was in India during the Raj period. England itself became the guarantor for square mile, as the country became subsumed in the nameless war.

England lost its sovereignty in 1694, and was now directed by hidden string pullers hiding out in the markets. The mechanism of control was through the money power and issuance of private debt instruments (from banking corporations). The sensing organs for the corporatocracy cum state, was finance markets – the square mile.

Mencken has nothing at all to say about this mechanism. People that quote Mencken are dupes.

China is fascist, or if you prefer, national -socialist. They have state banks. This means the state owns the banks, and hence has full sovereign money control over the economy. China does have markets to gamble and sense the future, but the State always is involved in the feedback loop, to then direct the future. The State smashes in the heads of wannabe Oligarchs.

According to Mencken, China must be a bandit country. But, they aren’t. Their elites have to do three things to maintain their legitimacy. Deliver the goods for the general welfare. What are the three goods?

Education, housing, and safety. (Privateers cannot deliver these things.)

The nation is made safe by “men at arms” who work for the sovereign. These men at arms are mostly in a defensive capacity. Their pay is treasury or state bank money, not private bank credit (for example – most dollars are hypothecated into existence at banking corporations and at debt).

It is the privateers, being controlled by signaling from debt instruments, where said instruments want to be paid, who start wars. This desire to take usury and sordid gain is a function of the compounding of the debt claims. We have to go over there and steal their shit, and protect our investments and meanwhile we can profit. Also, if we start a war, we can buy up their stuff cheap – as our money will be made good.

The Jew Kissinger is also somebody who should not be quoted. He is an agent for the “international” creditor.

If you want any friends to understand what you discovered, I suggest Mike Maloney’s ‘Hidden Secrets of Money’ series on YouTube.

It does an excellent job of taking the viewer step by step into how currency isn’t money and is actually a debt instrument. It lays bare the scam of central banking and fractional reserve chicanery. Well worth anyone’s time to get a comprehensive overview of how the gov’t/banking scam actually works.

The central bank was invented in 1690 because William of Orange was a broke deadbeat and needed to steal money. It’s nothing more than a clever theft ring.

Corporatocracy was invented in Holland, especially near Amsterdam.

The first debt spreading banks were the Wissell banks, and were tested out in the period after expulsion from Spain (1492) and advent of the BOE (1694).

The first corporations to run a town were also run near the port city of Antwerp. The burgermeister would take taxes from townspeople who were part of the corporation. The taxes were taken from debtors and paid to creditors.

The town was a corporate entity. The hidden creditors were Sephardic Jews who were previously from Spain, and had fled to this region after expulsion. They also fled to Portugal.

Where did the Jews get their money to indebt the towns and create their new usury schemes?

They had won their gold and silver at usury on the overland caravan routes, over thousands of years. This particular class of people are written out of history, and were the Aiparu (Haibaru Caravanners). In Egyptian, Aiparu means minor merchant.

The merchant class has always hated sovereign control, they want to own the world and turn it into a money price, with money they hold or create. There are donkey bones (Aiparu used donkeys to pull their caravans), interred outside of Sumer.

These giant piles of gold, tons of gold, held by the Jew were used to dupe the Dutch first, and only later was the prize of England captured.

The revolutionary war was against the now parasitized England, but this nameless war of privateering corporatocracy was so new to history, the founding fathers had trouble figuring it out.

William of Orange was not a deadbeat, he had behind him the backing of Amsterdam’s Jews. Find a picture of William of Orange and turn on your J-Dar. He is not Dutch looking, he is not Aryan. Dark features and big hook Sephardic nose.

The zionist/communist privately owned central bank aka the FED and the IRS are the weapons of mass destruction that were created and aimed at America in 1913 by the zionist/communists that are in control of the ZUS, and the central banks and the graduated income tax are 2 of 10 planks of the communist manifesto aka America has been under a communist controlled government since 1913.

As a result of the zionist/communist creation of the FED and IRS, America was pushed into foreign wars by the zionist bankers that control the FED and their debt collection agency the IRS, beginning with WWI right down to the war in the Ukraine, all the millions killed and the trillions made off of the bloodshed going to the profit of the zionist/communist bankers.

The trillions in debt ran up by the zionist/communist bankers is part of the plan to destroy America and the zionist/communist bankers are destroyers of nations and humanity and they are well on their way to destroying America via the trillions in debt that have been foisted upon us by these demonic, draconian satanists aka the zionist/communists in control of the ZUS.

No.

‘By 2029, just the interest on the debt is projected to exceed the national defense budget, which currently eats up over half of the federal discretionary budget. In 2029, net interest on the debt is projected to total $1.07 trillion.’ — Ellen Brown

These projections are woefully out of date, on multiple counts:

1. Annualized interest on federal debt in 1Q 2023 was $929 billion. This already exceeds the $886 billion defense budget cited in the article. Source:

https://fred.stlouisfed.org/series/A091RC1Q027SBEA

2. As the weighted interest rate on federal debt inexorably rises from its current 2.76% toward a prevailing blended rate of around 4.00%, net interest on debt is likely to blow through $1 trillion later this year.

This rising interest rate effect already is baked in the cake. It essentially guarantees a trillion-dollar-plus annual interest bill forevermore. That is so, even if the Federal Reserve pivots to lower rates next year, thanks to the $32.45 trillion debt load cranking skyward at the rate of a couple of trillion per year.

We’re goin’ exponential … :-0

Them space alien entities in control explains everything..?

or,

the ‘obvious’:

“If you look at the barometer simply of commitment to Israel… in the current population of mixed married’s there is enormous disinterest in matters relating to Israel. There’s tremendous dispute among the social scientists over whether younger Jews are distancing themselves from Israel… Looking at inmarrieds, there may be more distancing, there may be less distancing, but the point of agreement is that, Once you factor in mixed-married’s as a population, the distancing from Israel increases significantly.

The danger obviously is that if the cause of Israel becomes an orthodox cause alone, that will be a tragedy for the Jewish people, a tragedy for the state of Israel and frankly a tragedy for American Jewry..:

https://mondoweiss.net/2020/05/jewish-intermarriage-is-a-danger-and-tragedy-for-israel-says-ajc-thinker/

Good idea. I was just trying to propose things that were already on the table and might realistically get passed. A radical change to the banking system is probably a non-starter, at least for now.

A study was done of British Parliamentarians. They were asked, “Where does money come from?” The parliamentarians failed the test, they did not know the proper answer.

In the U.S., the 17’th amendment has done a very good job of turning Senators into populists.

Senators were never supposed to be populists, and hence said Senators have need for money grubbing, to then be elected.

People like Henry Clay can never be in the Senate again, only dumb populists captured by the finance class, can become senators (on average). Populists need to money grub from the donor class who in turn are part of the corporatocracy.

So, yes — a radical change to the system is a non-starter, as the system is designed to elect compromised populists who then do the bidding of their donors. A fish buried in his water medium is unlikely to leap out and see the outside world. This of course includes parliamentarian and senatorial fish, none of whom can leap.

It is very hard to find a seam in the corporatocracy system. Even the obviously high performing BND is erased from consciousness by simply ignoring it.

NO is you having trouble with your narratives being challenged.

It means you have no answer. William of Orange was an agent, who was inserted into England in what was the first Color Revolution.

resist.com/Onlinebooks/TheNamelessWar.pdf

Great Britain, newly united under James I, was a rising naval power, which which will appear in the final Part of this series. Captain RAMSAY : The Nameless War was already beginning to sway the four corners of the discovered world. Here also there existed a wonderful field for disruptive criticism ; for although it was a Christian kingdom, yet it was one most sharply divided as between Protestant and Catholic.

A campaign for exploiting this division and fanning hatreds between the Christian communities was soon in process of organization. How well the Jews succeeded in this campaign in Britain may be judged from the fact that one of the earliest acts of ‘their creature and hireling’ Oliver Cromwell, after executing the King according to plan, was to allow the Jews free access to England once more.

William of Orange was a “Protestant” as the Nameless war (color revolution) was a war on many levels. Religion was warfare, and changed to normalize usury, and the Jews were made into “gods special creatures.”

The Jewish creditor now ensconced in Amsterdam was printing bibles, using the first printing presses,
and printed in English – not Dutch, at at then cost of millions of dollars. Why was the Jew taking his usury profits to fund the reformation? Maybe it was good for him?

The corporatocracy system is very sophisticated, and a central tenant is privateering control of the money power.

No REAL solution is workable without severe cuts in the Defense Industry. The Congress allocates $1+ TRILLION to the War Industry annually!!!! The US, by itself spend more money on its Defense Profiteering Industry than the rest of the World combined(!!!). Slashing this part of the US Budget by $500 Billion goes a long way to solving budget deficit issues. Closing 90% of the US War Machine’s bases around the World will help too. This step alone is a good start but more things can be done. Passing Congressional Term Limits is one more big step towards real Budget reform. Smashing the Agenda driven, tightly controlled American Mainstream Media (MSM) would be one more Real Reform. And it needs to be noted while all attempts at Reform go on that BOTH Political Parties are part of the problem. Two heads of the same Monster is a good description of Repubs and Dems.

Finally I’ve heard some problem solving ideas. Glad I read to the end for them.

You don’t need to be an economic genius to see how government’s expansion and racketeering cartel makes the working class poorer and the rich richer.

Like the RICO Act – Racketeer Influenced Corrupt Organization Act for the people

we need a GREED Act – Government Racketeering Embezzlement Extortion Departments Act for all government officials, employees and contractors with prosecutions and oversight by non government or affiliated citizen justice system.

90% of government would be gone overnight.

The revolutionary war was due to the Bank of England whispering sweet nothings into King George’s ear.

King George, like all other Monarchs post 1690, is a creation of Parliament. While they have a handful of residual powers, mostly insignificant, they are primarily for show. The Bank of England wouldn’t have had to whisper in George’s ear, because the political whores in Parliament were already doing their bidding. If it were whispering, it is entirely likely that George would have been unable to distinguish it from the voices in his head.

Government uses the DOJ,FBI, basically all its agencies including military and defense contractors as extortion thugs against the will of the people.

Comply or face relentless attack and or dispossession of assets.

Until that power is returned to the people, we are doomed.

The actual fatal flaw in all this papered-professional-expert ratiocination is that none of what it is being spent on even exists at-all in Nature. There is no such thing as “money.” There is no such activity as book-keeping. There is no such thing as “debt.” It is all nothing but make-believe….a figment of the fevered captive imaginations of domesticated Humans and the invasive tormenting entities who’ve roped those Humans insufficiently wary of the old “something-for-nothing” trick, into taking this MAD run at doing what never has been nor ever will be done….fixing what ain’t broke.

So here we have a bunch of silly people caught-up in the idiotic “dominance” paradigm delusion trying vainly to superimpose on Nature a system entirely of their own devising, having no counterpart whatsoever in the LivingLoving Arrangement of Earth and Sky, which is after-all All and Everything that does actually exist here, and slap-happily twisting each other into one ever-more-insoluble Gordian Knot after another. Meantime, each and every “fix” they think up always and only binds them ever tighter and more inescapably to the un-living system that is relentlessly draining them of what little Native and Natural Vitality they still have after a thousand or more generations of it being squandered on futile and foolish attempts to “improve” on what always has done and does now and and will go on doing just fine without their “self”- deluded futile and now catastrophically collapsing wannabe-but-never-will-be cheap imitation plastic “improvements” to what they are failing utterly and miserably to understand.

It is no wonder some commenting here are at-last waking up to some Natural Facts, and are just coming right out and acknowledging that for those penned-up within the suffocating confines of the “civilization” contraption, there is no Way for them to get free of it except to allow and/or actively bring-about its complete disintegration and deconstruction….in-effect taking the unavoidably two-edged Damoclean Sword to this absolute Mother-fucker of all Gordian Knots that ever was or can be.

All of this coming from the dedicated and persistent efforts of a part of the Human Species taking great pride in their “self”-invented belief that they are just the smartest and best damned thing that has ever come along here in the LivingLoving Arrangement of Earth and Sky. Lucky for all of us surviving Free Wild Peoples of all Kinds here in Indian Country, they could not possibly be more mistaken about that.

Their elites have to do three things to maintain their legitimacy. Deliver the goods for the general welfare. What are the three goods?

Slightly off topic, but I have used two examples to demonstrate your observation.
1) The melamine in milk scandal, entirely within China, resulted in the head of that company being tried and executed for endangering the safety of the public.
2) The Marx Toys lead in paint scandal, of which Marx claimed it had no knowledge (meaning no quality control department) led to the head of that company committing suicide, knowing that he was going to be prosecuted.
I don’t see anyone from Purdue Pharma, Pfizer or Moderna being worried.

No.

I have nothing to say except that I look forward to your comments, respect your common sense, decency, and work ethic, and would gladly buy you a beer. Enjoy your retirement, sir.

“In the struggle between capitalism and communism, feudalism emerged victorious.”

The Bank of England wouldn’t have had to whisper in George’s ear, because the political whores in Parliament were already doing their bidding.

Exactly. This form of creditor democracy has nothing at all to do with Greece.

The upper house of parliamentarians represent the finance class, especially the square mile.

So, whether it was BOE, or the Square mile, they are all part of the same thing.

The King thought he was sovereign leader, but a new exoskeleton had been built around him.

Today, the Kings of England are only ceremonial rubes, while the real powers are hidden behind facades.

The first creditor democracy was the corporate towns in Amsterdam. This trial run then took over the State (England and Holland) and then jumped to America, especially by 1912.

The King was ejected from hearth and kin, and a foreign parasite elite took over.

Ha Ha. I get it now.
Sometimes I’m a little slow.

I am interested in the .1% tax on financial transactions. I’m sure Wall Street would predict catastrophic results from implementation of the tax.

I’m sure there would be some negative effects, but I’d like to see a non-biased projection of the effects of the tax.

I believe the receipts would be lower than the projections, as the tax would no doubt result in less transactions subject to the tax. What is a realistic estimate of tax receipts of implementation of the tax?

I also believe the tax would have some negative effects on financial transactions. I doubt the effect would be catastrophic. What is a realistic prediction of the negative effect on capital markets and would those negative effects be worth the advantages of reduced taxes on income, property. Etc?

Thanks in advance to anyone willing to offer an opinion on the subject.

Some people are saying that Jerome Powell is trying to take power away from the Eurodollar based system with interest rate hikes, whereas others like Michael Hudson say he is just trying to crush the working class buy forcing a contraction of the money supply so that workers are laid off causing wages to fall. Can both be true at the same time?

Some people are saying that Jerome Powell is trying to take power away from the Eurodollar market system with interest rate hikes, whereas others like Michael Hudson say he is just trying to crush the working class by forcing a contraction of the money supply, causing workers to be laid off and wages to fall. Can both be true at the same time? If the Eurodollar market is being targeted, does that mean that American elites are divided between the old Wall St. banking fraternity vs the EU/WEF aligned elites (Blackrock as an example)?

McKinley was assisanted largely because he wanted to install a Chinese -like railroad system.

Actually, the Chinese system is a copy of the American System. American System of Economy was the first industrial capital, where state credit channeled into industry and the commons.

The first industry injected with Credit was the Iron Works in Massachusets Bay Colony.

The first industrial capitalism was in the Colonies, and was not invented by the Physiocrats (Hudson and I disagree – and I’m right.)

Anybody that keeps projecting some sort of finance capitalist ideology has been duped. You have been brain implanted with false narratives.

In Hamilton’s first report on manufacturers he reveals how much American Credit is circulating in various sectors. This was credit, created at public debt, and held in the first bank – an attempt at a state bank. Hamilton screwed up by allowing privateers to own part of the bank, and it eventually was sold off the Baring Brothers of London. The Treasury held less and less of the bank stock over time.

Hamilton was pissed when the bank was sold. There was a sinking fund to return the bank to Treasury. In other words, Hamilton lost.

OK? The intent of the founders was public debt to create new credit, and this credit was to channel into industry and the commons. That means state credit channeled into industrial infrastructure including rail roads.

The Atlantacist powers are sea power. These finance centers depend on deep water navies to protect their far flung investments (hence the red coats taking over the job of enforcing contracts).

China’s belt and road is as big of a threat to Atlanatacism as McKinley. It is as big as threat as Germany’s Baghdad to Berlin railroad.

Quick, kill them, or start a world war – we must protect out gains!

And by the way, the Kaiser had already adopted the American System by way of Frederick List. List in turn learned of the system (Industrial Capitalism) from Henry Clay and Henry Carey.

It is absolutely the job of Government to inject State Credit into the Commons and Industry as China does. Brainwashed Americans do not know their own history, and virtue signal for “free markets” and private credit.

no tax is needed as long as the government continues to issue debt to cover its obligations without having that debt backed up by gold or some other limited in quantity, valuable redeemable such as gold. Its just that the oligarch and the powerful global corporations the Oligarch own get their money for free from the bank, everyone else must do something for the Oligarch or his corporation in order to get any of the free money given to the Oligarch and his or her corporations.

Article 1, Section 8 (‘Powers of Congress’) gives Congress the authority to ‘coin money’ — so if the federal government wants to spend more than it receives in revenue, why doesn’t it just ‘coin’, i.e. create, that money, and spend it into existence? — the Thomas Edison quote on this is probably familiar to you.

It’s noteworthy that no matter how much the federal government wants to borrow, and recent deficits have been enormous, it’s always available — even though in an artificially low interest rate environment, as over at least the last decade and a half or so, the nominal interest rate was lower than actual inflation (official data understates inflation) — and when interest rates rise, there is going to be a loss of principal — to avoid that, you can hold the debt to maturity, but you will have suffered a loss of purchasing power — so overall it appears government debt is a bad investment — yet as I said, the money is always available.

Lastly, inter-generational national indebtedness is a gross offense against any kind of civic morality — it’s an absolute disgrace, really, how casually, even thoughtlessly, venal, seemingly conscience-less politicians burden future generations with growing government indebtedness — especially when most of these politicians (many of whom probably oppose student loan relief) would be unable to convincingly explain to these future taxpayers, now facing huge annual interest payments, how all of that government spending actually benefited them — but you never hear any discussion of this — it’s too embarrassing, I suppose.

Further the 1907 panic was caused by the government in the first place. Paper money and fractional reserve, aka legalized counterfeiting.

Before the central bank they had decentralized [[banks]]. Fractional reserve means they take your one dollar and loan it to two people. (Actually ~99.) Instead of a national financial crisis or a global financial crisis, you had regional financial crises, because it turns out counterfeiting is a crime even if it’s legal.

USG thought that was a terrible idea and decided to nationalize financial crises. Very American. Bigger = better.

Note that stocks which don’t pay dividends are intrinsically worthless and only make money via fraud. It is not surprising that a stock market is prone to…failures.
Stocks which do pay dividends are only not a pointless expense under very specific conditions which apply to no modern corporations and few 1900-vintage corporations.

a central bank to monetize its debt

This means the Fed prints money and gives it to the government. It’s supposed to also sell a T-bill or whatever so the money doesn’t appear out of nowhere, but it’s camouflage. Instead the T-bill is sold to someone who takes out a loan from a non-central bank, which poofed the loan into existence. The money ultimately comes from the printing press. Pretty standard public costs private profit scheme.

Fun fact: there’s a delta between the interest the government pays and the interest the Fed pays on T-bills, which is where their salaries come from. Pure graft, that. Better: the delta is the same regardless of the underlying rate, so the Fed gets paid regardless. For this reason, if you really want to get rich, 100% go into finance. Find a scam and latch on, it’s really not hard.

When Orange made the BoE, the English should have treated it like outlawing banknotes and returned to bullion, immediately triggering an eskatonic bank run. You can still do that now, except the pain would be infinitely worse.

I get it now.

Nope.

the money is always available

Smart American investors take on as much debt as possible so inflation takes away their debt instead of their assets.

Banks make money on debt with no risk since they poofed the principal into existence.

The balance of these two forces is that there is more supply for debt than there is demand. Technically there’s a limit on fractional reserve at about 99x the base supply of money, but the banks can’t find enough willing debtors to reach this limit. There’s always more money to buy more fake-insecure securities.

Also, America will blatantly force e.g. Japan to buy T-bills in exchange for “favours” such as not funding a BLM movement over there. Japan isn’t stupid. They know T-bills lose money in real terms. The recent covid inflation cost Japan around $400 billion – nearly half their yearly budget. They have to buy them anyway because they’re a conquered vassal state.

I’m replying to you, since I have already broached this subject in this thread. Ellen can chime in if she wants.

https://www.unz.com/mhudson/from-junk-economics-to-a-false-view-of-history/#comment-5456902

Below is a repost. At end of life, Jefferson wanted a d0-over to fix the below tragedy:
_____________

Article 9 of the Articles of Confederation 1781, (not the Constitutional Convention). Article 9 = Congress has the power to “emit bills of credit.”

Constitutional Convention, six years later in 1787, Article 1 Section 8, the words “to emit bills of credit,” is erased.

The new nation has to borrow its credit from privateers like Robert Morris, and the reason for the Revolutionary War (demonetization of Colonial Script) is overturned with barley a whimper.

It was through the money power that the U.S. was back-doored. The Continental Currency and the various Colonial scripts were issued by “Bills of Credit,” which was the entire reason the war was fought.

Madison recorded the argument, which was won by the chiselers. Jefferson wanted his one do-over at end of life, to undo this argument, because of its world shaking implications.

Gov. Morris: The moneyed interest will oppose the plan of government if paper emissions are not prohibited.

Read it two or three times. He is saying that moneyed interests, the privateering oligarch class, get to have veto power on the new government.

This is hardly inconsequential.

Mason (Virginia), who speaks the truth: “The Revolutionary war could not have been carried on had such a prohibition existed.

Read it again two or three times.

The revolutionary war was funded by “Washington’s money,” or colonial script, or “Continentals.” The Continentals were not evidence of debt to be paid to a creditor class.

Ellsworth (CT.) “By withholding the power (to emit bills) from the new government, more friends of influence would be gained to it than by almost anything else.

Ellsworth is another P.O.S. who is signaling for the creditor class (friends of influence).

Butler (S.C), chimes in: “Paper money was not legal tender in any European Country.”

Butler is a P.O.S. who has just waved his hands and ignored what was learned in the Colonial period. There was no gold and silver when Colonies got their start, and the colonials would have died if they could not have money to kick start commerce.

Mason (Va) countered Butler, and said, “Neither was any European Country forbidden from making paper money legal tender.”

The committee voted 9 to 2 AGAINST including the words “to emit bills of credit.”

The money power not being properly codified is where it went wrong, and the top P.O.S. who operated for the privateering money interests (finance oligarchs) of the day, was Morris.

Morris was the richest merchant in America through his war profiteering, primarily through his firm Willing and Morris.

In 1781, Congress (Continental Congress) appointed Morris as Superintendent of Finance. This is hardly trivial, and from this cat-bird seat, Morris was able to a lay his plans.

Hamilton tried to convince Morris to create a State Bank, or really a National Bank with a 10 year charter, and said bank was to be based on Land. This is NOT the bank of England model, of which Morris was an adherent.

In 1783, when Congress dismantled his scheming, especially for a National Debt. (Some members of Congress still remembered the Colonial Period.)

His Scheme: “Paper money had to be backed by Gold, and must be based on the interest and influence of monied men.” Then Morris wanted the Country to borrow from a bank he controlled, so he shilled for a national debt. This would make him the creditor, and the nation his debtors.

Morris died with too much debt, failures of his business operations, and speculation on land gone wrong.

The actual fatal flaw in all this papered-professional-expert ratiocination is that none of what it is being spent on even exists at-all in Nature. There is no such thing as “money.” There is no such activity as book-keeping. There is no such thing as “debt.” It is all nothing but make-believe….a figment of the fevered captive imaginations of domesticated Humans and the invasive tormenting entities who’ve roped those Humans insufficiently wary of the old “something-for-nothing” trick, into taking this MAD run at doing what never has been nor ever will be done….fixing what ain’t broke.

I get it that you are mad about how things are. But, there is such a thing as debt.

When you are born, you are indebted to your mom, who gave you life. You give her goo-goo eyes, and coo, and hence you pay back your life debt.

If you borrow a lawnmower from your neighbor, a creditor/debtor relation has been created. You are a lawnmower debtor, and your neighbor a lawnmower creditor.

When Jesus arrived on the scene, it was to re-establish the jubilee, because civilization had become debt polarized, much in the same way the western creditor class are “doing it” to the West today. They are killing the host by their predatory takings.

A creditor class of Pharisees were operating for their patrons, the Haibaru merchant class. In the meantime, Rome was also debt spreading for their oligarchy. Rome would use its military to indebt the periphery, while the center would take the lucre for themselves. They even had a MIC similar to today, which kept Rome constantly at war.

The Pharisee class, especially since Hillel’s prozbul clause were in rebellion against the natural order, which requires jubilees. Hillel did not have authority to overturn the Jubilee.

This class had pleonexia and wanted to take sordid gain, and did it behind the robes of religion. If anything they are much more odious than the Romans, who just had simple greed of their Oligarchy. Using religion to sanction theft is a higher level of predatory behavior.

Start with Hudson:

https://michael-hudson.com/2018/08/and-forgive-them-their-debts/

readers will discover shocking historical truths about how debt played a central role in shaping ancient societies. Perhaps most striking of all is that – in a nearly complete consensus of Assyriologists & biblical scholars – the Bible is preoccupied with debt, not sin.

In other words, the bible was re-written in stages, and today at the end of history, we have a normie population that has amnesia, and believes in many things that simply are not true.

regarding RoatanBill’s posting on NEWSLINKS:
https://www.zerohedge.com/political/shut-or-else / RoatanBill • Economics/Finance
James Rickards on CBDC and He’s Hit a Home Run on This Article.

TruNews covered this topic extensively on Friday, July 14 2023
https://www.trunews.com/stream/father-of-qe-economist-cbcd-scheme-will-require-implanted-microchips-in-humans

In the linked Zerohedge article, Jim Rickards wrote:

You sound like a 10 year old who just discovered the ABCs of how money works. Here’s a hint: No bank wants your house (the “real” asset); they want the currency (the “fake” asset). If enough screwballs don’t give them the “fake” asset they all lose their jobs.

Here’s another hint: Any bank that lends you money to buy a house is giving you a deal about 2000 basis points better than what I would give you.

Borrowing short to lend long is a key feature of a private credit system. The privateers want the government to back up their gambles. Hence the Federal Reserve, a corporate money trust.

https://www.federalreservehistory.org/essays/panic-of-1907

The trust companies in 1907 were like the shadow banks in the financial crisis of 2007-09. Short-term lending during the recent crisis came largely from some shadow banks (hedge funds and money market mutual funds) to fund other shadow banks (investment banks). As key liquidity providers for repurchase agreements, these shadow banks were the “depositors” providing funds for overnight lending to allow investment banks to finance the asset-backed security market, just as uncollateralized loans (overdrafts) by trust companies allowed brokers to purchase stock.14 Both the trusts and the shadow banks faced runs by their depositors and had to withdraw lending in short-term credit markets.

The other key feature of a privateering credit system is dominoes of contagion. All double entry ledgers are connected.

The asset column of one ledger is the liability column of another.

If Amy cannot pay Miguel, who cannot pay Jerome, then there is a collapse, and dominoes of contagion begin.

I’ll repeat. China’s sovereign bank system is like a stick in the rectum of finance capitalists everywhere. They have no way of explaining the high growth rates, and leaps forward in health and wealth for the Chinese people. China can prevent dominoes of contagion easily.

Tragically, Americans have amnesia and are unware that China is much more similar to the founding fathers than the now parasitized finance capitalist country we witness today.

Thank You for the additional horrific information.

I suppose it’s not that much of a stretch from the jab to the implant if the sheep are willing to line up. At some point, the gov’t is going to push hard enough to produce real terrorists, from their perspective, that aren’t going to comply and don’t feel like lying down and dying.

I’m going to watch the Trunews link.

You may want to consider adding it to Newslinks since it supersedes the ZH article.

I also believe the tax would have some negative effects on financial transactions. I doubt the effect would be catastrophic.

If you think of the economy as two parts, the finance sector, and the production sector, then it begins to make sense. It not only would not be catastrophic, it would be good. Cutting out tumors are good.

The finance sector scrapes off the economic surplus for themselves. For example, despite the enormous gains in productivity due to the semiconductor revolution, living conditions for labor have hardly improved. The gains since the 70’s have been harvested.

The finance sector shuffles finance paper about, and these instruments are euphemized as assets.

This finance class lies with statistics. For example, if you sell your house to your neighbor, and he sells his house to you, that is seen as GDP increase. Yet, there was no increase is housing stock, only a transfer and financial activity.

Tobin finance taxes would be good. That would help prevent negative behavior. Another usury scam by the privateers is front running the market.

In biological terms, a parasite issues a toxin into the host, so the host thinks the parasite is a baby. The host must protect the baby at all costs. A really good parasite can even tell the host to drink water and where to walk.

The founding of America was behind high tariffs. How many people think that tariffs are bad now, because you were told it was so? Why do you believe what you believe? Tariffs are a tax of sorts, as they raise the prices of imports. Yet, the tariffs were a key feature for how the country got rich.

You sound like a 10 year old who just discovered the ABCs of how money works. Here’s a hint: No bank wants your house (the “real” asset); they want the currency (the “fake” asset). If enough screwballs don’t give them the “fake” asset they all lose their jobs.

If you point a finger, there are three pointing back at you. You had better know what you are talking about.

You think that banks have money, when instead they create it.

The bank doesn’t want its bank credit, its liability back. Are you kidding?

At the very beginning of a mortgage loan, the bank harvests the debtor with high interest payments. The banks liability as “money” returns to the bank, and does not draw down. Neither the banks liability draws down, nor does your principle. The debtor loses his asset (bank credit), and the bank gets to spend it on whatever.

There are actually three ledgers involved. The first two double entry ledgers between you and the banker. Then there is a third one that is for bank profit loss. When you pay the interest on your mortgage is passes through the first two legers, and lands on the third. The banker gets to spend your life energy. That is what they really want.

The only time they want their liability back is if it is interest payments. If you are paying down the mortgage note, the loan disappears into nothingness. What came from nothing returns to nothing.

Bank credit pops into existence and then disappears upon payment of principle.

The banker could care less if you pay down principle or not. If you don’t pay then he can grab your house, a real asset.

Over 70 percent of all credit hypothecated into existence relates to property or the FIRE sector.

Finance capitalism is characterized by finance creating the money at debt and with the ability to grab real-estate. In other words, mortgage debt is the paramount, and this then pushes property prices.

Industry is not funded by bank credit. People work in industry to make goods and services for the real economy.

The bills of credit of the founding, channeled into industry, much as how China operates today.

The Gift of Life is just exactly that….a Gift. No “debt” obligation whatsoever comes about by it. It is typical of “civilized” people with their relentlessly “transactional” delusion, though, like Mefobills does here, to paste the “self”-contrived labels used to trap them in their captivity onto events and conditions in Nature, to which they have no actual application at-all.

We see this “self”-serving habit as driven mostly by their desperate need to find some company in their inescapable misery. The underlying source of that is exemplified by every instance Mefobills offers here attempting to show that there is such a thing in Nature as “debt.” These each and all are nothing but conceits made-up by Humans tricked into aiding and abetting the “civilization” wasting disease process.

Free Wild Peoples of All Kinds simply don’t do debt. We do Balance and Harmony, which does recognize the Organic Imperative to Give and Receive according to the Natural requirements of Mutual Respect and Spontaneous Affection. In our Give-away Way all we have to meet our needs is already a Gift of the LivingLoving Arrangement of Earth and Sky. On what possible sensible grounds could we ever pile anything even remotely resembling “debt” onto what we have entirely as Gifts to us from All Our Relations, with never a thought of “debt” to be “repaid.” We All of us just fulfill our given Organic Function within the LivingLoving Arrangement. None of us could or do ask for anything more.

Finally, it’s prisoners of the “global” gulag, like Mefobills here, who have every cause to be “mad about how things are.” They’re all being used and abused shamelessly by each other and by their tormentors, and are programmed to believe it’s somehow “natural.” Again, they could not possibly be more mistaken about that.

Thanks. I will check it out!

Thank you for the kind words. I am just trying to keep what little “sanity” I have left, in the onslaught of non-stop bad news that I continually read about.

Your comments show just how misinformed you are.

Yes, they DO “want” my house. They already have the $150,000 down payment. After obtaining the REAL ASSET, they can then sell the house and any proceeds would be added profit for them.

Of course, this is in addition to the interest that I have paid on the loan in the last 5 years.

The Gift of Life is just exactly that….a Gift. No “debt” obligation whatsoever comes about by it.

I notice that you breezily overlook the lawnmower debt example. You also ignore Hudson, who writes extensively about debt.

This is you making pretend about reality. Clowns make pretend, and are part of clownworld.

Don’t be the clown. Debts and Credits are a big fact of life.

Somebody can run up to you anytime, and exclaim loudly – YOU OWE ME! They are making you into their debtor.

Original Christianity is about debt, not sin. You are not helpful.

“….returned to a feudal system……”
More like a reverse Robin Hood economy but could easily get worse: Friar Tuck molesting your kid after catechism class, or Maid Marian pulling a train at King Richard’s castle every Saturday night.

“Debts” and “credits” are indeed “a big fact of (“civilized” pseudo-) life.” They are no part at-all of Natural Life. We are neither borrowers nor lenders here. We give and we receive. Besides, just because there are millions of words written by believers in “debts” and “credits,” even by such luminaries as Michael Hudson, that doesn’t and can’t make them real. Millions of words are written about “Q” and Little Green Men and Nessie and “The American Dream,” too. Does that make any of them real….or do they remain the wishful products of overactive domesticated imaginations?

Somebody here is sure enough indulging in some pretensions about “reality” Maybe Mefobills should try running up sometime with that loud exclamation. See if that makes this Old Indian into anything but laughing heartily about the hilarious folly of Mefobills’ clownish behavior. Original Christianity” and its bizarre obsession with “sin” is what is “not helpful”….except maybe to members of the guilt-tripping pedophile “priesthood.”

We are neither borrowers nor lenders here. We give and we receive.

We are creditors and debtors, and you don’t want to give up on your false worldview.

Before money, humans – especially in hunter gathering societies just remembered who owed who what.

If they couldn’t remember, then they marked it down as notches on a stick. Talley sticks were evidence of debt.

The only time they weren’t debt, and became the money of the realm, was after the Jews were kicked out by Edward. The sticks were issued by the King as evidence of debt to the king for corvee labor.

The sticks then passed current as the money, as they were good for taxes.

Taxes issued by the King are form of debt too, you had better work for the head tax, or whatever nominal tax was required of you.

Hunter gatherer tribes usually were under 200 people or less, as it became to hard to remember past that number.

Debts and Credits pre-date money, and are part of human consciousness. It is so deep that people don’t even think about it. If Belinda wanted you to fix her window, you became a window creditor (after the fix), and she a window debtor. To discharge the debt relation, Belinda might give you a BJ. Yes there was giving and receiving, but it is in the greater context of debt/credit relations.

Plenty of men have been divorce raped by women, who make usurious claims. I don’t know why Credit/Debt is controversial. Clown world has so many people confused, they don’t know up from down.

Of course, this is in addition to the interest that I have paid on the loan in the last 5 years.

That’s right. And the interest is highest in the beginning of the loan cycle.

This is a form of seigniorage, where the first money purchases more than later money.

If you look at the interest curve, it makes large claims on you in the beginning, and the later cycles of the loan, the interest claims are low.

Mortgage root word is death.

https://www.etymonline.com/word/mortgage

morgage, “a conveyance of property on condition as security for a loan or agreement,” from Old French morgage (13c.), mort gaige, literally “dead pledge” (replaced in modern French by hypothèque), from mort “dead”

Hypothecation is the mechanism for creating the bank credit, in return for the death pledge.

When you get on your knees and sign the debt instrument, it conveys to the bankers double entry ledger, at that moment in time.

The debt instrument attaches to the bankers asset side of his ledger. On the liability side of his ledger he creates new bank credit. You mortgage is his asset and you are his debtor. He then give you bank credit as money, which is his liability.

The credit is seen by you as an asset. Double entry ledger are a requirement to understand if you want to understand the world. We can see by the commentariat here that there is generally no-understanding, because these things are not taught. Average normies are supposed to be mushrooms, shit on and kept in the dark.

Lines of law are put into place, to then allow the confiscation of your property in a repossession, as the home then becomes his asset.

A stress test of banks “stresses the asset side of the bankers ledger.” Your ability to transfer life energy in the form of the death note is his asset, and then later upon repossession house/property also becomes his asset.

The interest you paid, already, did not decrement your principle to any large degree, and was spent by the banker for on-going operations and probably consuming white powder up the nose.

Ellen often talks about the BND, which oversees the private banks in North Dakota. These state government types are phlegmatic and practical men, working for salary and not chasing after usury. A lot of the state bank profits are returned to treasury, to then offset taxes.

Mike Pence–a Nazi with a pence for spending on military matters—

Hitler released debts, especially for the farming class.

Hitler issued sovereign money in the form of Bills – Oeffa and Mefo.

Hitler was forced to spend on the military.

How much effort does it take to go back and time and look at the size of the Armies surrounding Germany prior to WW2? Take the effort.

People that invoke Hitler, have not woken up yet and realized they are brainwashed. Most of what you have heard since birth about Hitler is provably wrong.

With regards to Ukraine, that is a Jewish operation with the usual “creditor techniques” including color revolutions and debt mechanics.

Oh wait, Ukraine is the most Jewish government in the world, outside of Israel.

Hitler put Stephan Bandera in a concentration camp, because he was killing innocent Polish farmers.

Today’s Ukrainian Nazis would be in a concentration camp right next to the Jew, as they receive their re-education. I heartily approve of concentration camps, look how well they worked for China on their restive Uighur population.

How many Poles know that Smigly started WW2? How many Ukrainians know that their Azov types have been on MI6’s finance capital tit since the end of WW2?

It’s probably a good idea to drop the NAZI BS to get a knee jerk reaction. It doesn’t work anymore, except among people who are uncurious and believe the teevee.

I’m delighted to see any sort of proposal to reduce the national debt. It seemed as if people in charge had simply stopped talking about even proposals, and were assuming the debt would just keep growing until our sun turns into a red dwarf or the economic house of cards collapses, whichever comes first.

Slashing the defense budget by two thirds would help get us on the way and would further help to terminate our country’s imperial phase.

That said, I’m not an economist but I followed the links to related articles and the International Bank of Settlements Red Book. As near as I can figure from my limited time and expertise, the quadrillions of taxable financial transfers are EVERY single transaction of any kind that involves some sort of financial institution. A 0.1% tax would pay off the debt, but the tax would NOT be just taxing people who look like the little guy in a top-hat on the Monopoly game box.
It would be a 0.1% deduction from every single financial transaction. Think of buying a washing machine or getting your gall bladder removed. In the process of going from ores in the ground to the washing machine in your house, how many times did any money get paid or transferred? How many times did the money get transferred by anyone at all in the process of getting your surgery? When your pension check arrives and you spend it, how many steps involved transferring money including the myriad of transactions the little guys in the top hats have to make to keep your portfolio making money? Same thing with buying a house, borrowing the money, paying it back, paying utilities, eating out, buying anything else, and so on. Whether it is money coming into your pocket or you are paying, it’s 0.1% every time you do anything.
The 0.1% tax would effectively be a value added tax but it would be collected every time any money is touched, instead of like the traditional lump sum VAT which is placed on the final transaction on material objects or services.
It would be a Herculean task, which I will leave to some economics major working on their thesis, figuring out what that adds up to for various economic activities. I suspect it would mean pretty much ending up paying more or less same as we do in taxes now.
The money is not going to come from space aliens, one way or another it comes from all of us. A way to get a rough idea of what it costs is to do a simple calculation of how much each working person on average would have to come up with to pay off the national debt, which would be around $200,000 per person. Over a ten year period $20,000 a year. Certainly some people would be paying less than that and some a lot more, but everyone would be paying net taxes.

All that said, I’m open to the idea of the transaction tax because it might be easier to sell to voters, individuals can minimize their payment by cutting their spending, and it is a single tax that can be easily varied to keep enough being collected to pay off that debt.

Funny how Mefobills, never having even visited Indian Country, much less ever Lived and Breathed here for a cycle of Seasons, somehow knows better than any of us who actually do, how it is with us here. Trying to impose the domesticated “worldview” with its control-freak definitions, on anybody and everybody who has avoided or escaped its captivity, seems to be a kind of obsessive compulsion with the contraption’s angry subjects/citizens/inmates who are invariably resentful of us, their own “selfs” having sold them out long-since for the Proverbial mess of pottage….on-credit, to-boot

Mefobills is not at all likely to “give up on” his own “false world view.” After-all he has plenty of company in its misery….just not any of ours.

This Old Man knows well how the take-away system operates, having watched it in action for ages. It’s good not to be an involuntary servant to those “Powers and Principalities” who are its owner-operators, and to whom Mefobills must account for every breath he takes there in their virtual world-o’-hurt. For one thing, it looks like getting one helluva lot worse in it before it can ever begin to get any better.

“Credit/Debt is not the least bit “controversial” here. It simply does’t exist. Just like the Give-away Way doesn’t exist for Mefobills. So it goes.

Funny how Mefobills, never having even visited Indian Country, much less ever Lived and Breathed here for a cycle of Seasons, somehow knows better than any of us who actually do, how it is with us here. Trying to impose the domesticated “worldview” with its control-freak definitions,

What the hell are you talking about? Walk away from the crack pipe.

Indians were hunter gatherers, and they had debt/credit relations like all tribes of people

You’ve got some sort of problem with your Ego, and don’t like your false narratives challenged.

Indians are not special and are not any different than any other tribe with regards to the human condition.

All humans, regardless of race or type, engage in credit/debts. If you don’t pull your weight in the tribe, say by being a leach, you accrue too many debts. (Others have transferred their wealth in the form of life energy to sustain you, and you are now in their debt). Too many debts, and you are kicked out of the tribe.

If you are butt-hurting about things, that is your problem. Reach down and grab your ball sack, and man up.

Your proposal is bold and clearly stated. I think that it is unfortunately mistaken.

Fiat currency has value because it is needed to pay taxes. If there were no taxes, there would be no reason to want government-issued money.

‘Among other dubious payments they found [was] 4.5 billion from USAID to pay off Ukraine’s sovereign debt, “much of which is owned by the global investment firm BlackRock. That amounts to $30 taken from every U.S citizen’

Is there even a word in the English language that adequately describes the level of corruption in D.C.?

Mefobills is of course only too eager to have his own contrived transactional narrative challenged, though can’t seem to refrain from sinking into the a sort of insult-based sophistry that is almost always a last redoubt of domesticated people whose specious arguments, from the mono-dimensional viewpoint of the “self”-satisfied “individual” fail to overwhelm the good sense of us surviving Free Wild peoples who have learned the-hard-way what suicidal folly it is to depart from the Give-away Way of Earth and Sky, and to get drawn into the fear-based transactions-driven insanity of the take-away system that has brought its adherents to exactly this DEAD END where they are struggling to justify it, and to try kicking-it down The Road another inch or two nearer that “final destination.”

What Mefobills won’t recognize is the Natural Fact that this isn’t about the make-believe of “credit/debt”. It’s about the Natural Way of Mutual Respect and Spontaneous Affection as embodied in the Free Wild LivingLoving Arrangement of Earth and Sky, whose Gifts to us are unconditional, as is our fulfillment of our Organic Function as a component of their Natural immune system.

Just out of curiosity, what is Mefobills’ “debt” to Nature for all the “services” without which Mefobills couldn’t last a Day here? How would Mefobills go about “repaying” it?

Let us get this right – those who make the decisions – know exactly what they are doing including those at the top tier of government. The moral collapse of the west is a deliberate policy for the ruling parasite class to throw out the failing financial system that they have been bleeding dry for years, kill off the majority of loyal servants that obeyed the rules that these self same bar stewards set up and start again with a different slave class who they think they can control a bit better through brute force and a technological prison.
The destruction of morals and integrity of the existing society is necessary to hasten in and get those to accept the “new way”

That’s no answer. You didn’t address any of his points or historical references, but vaguely labeled it all, superstition.

If you’re not superstitious I don’t have to explain.
So yes, you can stop reciting the catechism at me now. I’m not part of your freakish cult.

What Mefobills won’t recognize is the Natural Fact that this isn’t about the make-believe of “credit/debt”. It’s about the Natural Way of Mutual Respect and Spontaneous Affection as embodied in the Free Wild LivingLoving Arrangement of Earth and Sky, whose Gifts to us are unconditional, as is our fulfillment of our Organic Function as a component of their Natural immune system.

Try entering the Teepee of a Squaw and spout your gibberish.

She will not open her legs for you, you idiot.

She has no spontaneous affection for you because you are a dead beat who has no credit in her eyes, ergo no access to her nether regions.

You are trying to do some sort of Jewish Jedi mind trick by asserting superiority while also spreading guilt.

You don’t have to be a Jew to be screwed up. Plenty of others trying to assert that they or their in-group is more special, and hence they are special.

You are not special, you are a clown.

The natural way of mutual respect. Respect is earned.

If you could recommend only one or two books that flesh out the claims in your comment, what would they be?

It’s not even a good recital of the catechism. It has nothing to do with double-entry bookkeeping. Claiming China doesn’t use double-entry bookkeeping? lol
Genuine schizophrenia. Off-your-meds Q-anon stuff.

The devout explanation of China’s growth is lower transaction costs allowing them to exploit existing but previously-uneconomic resources. It’s not even pretzel time. Minimal gymnastics. If you’re going to recite dogma at least recite the dogma skilfully.

Another explanation invokes credit binging. Allegedly if you take out a bunch of loans you can build a lot of stuff, but then you have to pay back a lot of interest, which restricts your ability to take out new loans. Again, minimal gymnastics. Very wrong, pure logical comedy, but rhetorically sound.

The upper house of parliamentarians represent the finance class, especially the square mile.

The Lords is a story of its own. Traditionally, wealth came from land, as in the wool trade. The merchant class cornered that (and others) and eventually shifted to more into finance. Large donations bought inherited titles, like the Rothschilds. While many of the “old” Lords families have now gravitated to finance, not all have. Quite often it is the “old” ones who ask the embarrassing questions. Not that any of that matters in any of the (((Western liberal democracies))).

Sorry if I’m being dense, but I don’t know what the heck you’re on about.

No amount of government control and government spending can solve anything.

That’s just an unfounded, categorical statement that, I guess, libertarian types like to throw down as though it’s the last word. Here’s one time government made a difference: In the 70’s you couldn’t see the mountains on the other side of the San Fernando Valley for the smog. “The gub’mnt” mandated catalytic converters on cars. They fixed the problem.

The US dollar regime may be a problem in that there may be better, more fair or more efficient alternatives. I don’t know. It’s usefulness may have run its course. It may be eaten up with ticks, quite possibly so. I don’t know. I do know that I have had a decent lifestyle, lived in a pretty stable domestic environment, and never been even slightly threatened with going hungry while living with the US Dollar as it’s been designed and managed for 65 years.

So the real Mefobills has finally showed-up here…..sex-obsessed, schoolyard mentality, emotionally stunted, discursively dishonest, woefully ignorant, socially dense, etc., etc. Mefobills should try calling a Woman here “squaw” and see how fast she disabuses Mefobills of the “value” of that old canard’s “currency.”

That our Free Wild Condition is better in every Way than Mefobills’ domesticated state, is no-doubt a very bitter pill for Mefobills to have to swallow….but there it is. Bad manners and vitriolic verbiage isn’t going to change the plain Natural Fact of it, either.

Is the “guilt” Mefobills refers to in-passing here a sort of grudging admission of being deeply in arrears in discharging a very likely massive “debt” to Nature? Does Mefobills even pay R-E-S-P-E-C-T to Our Mother Earth? Or does Mefobills figure she hasn’t “earned” any more than “goo-goo-eyes” and baby babble?

Maybe enough of this for now, though. Even some make-believe “Jewish Jedi” couldn’t play a “mind trick” on somebody who’s given every sign here of being

So the real Mefobills has finally showed-up here…..sex-obsessed, schoolyard mentality, emotionally stunted, discursively dishonest, woefully ignorant, socially dense, etc., etc. Mefobills should try calling a Woman here “squaw” and see how fast she disabuses Mefobills of the “value” of that old canard’s “currency.”

Are you a jew pretending to be an Indian. Or, maybe a guilty white woman?

You are making up narratives that have nothing to do with observable reality and history.

The reason I brought up the sex thing, is the relation between men and women is one of credits and debts. She won’t just give out her sexual favors for some sort of nebulous nature thing, or mutual respect you blather on about.

You are acting as if Indians are special and have some sort of lock on the moral high ground. That is very Jewish, this wrapping yourself in the clothes of righteousness and then attempting to guilt the other.

It is also feminine. I asked you to grab your ball sack and man up, and then you have only more feminine foolishness to add.

When white men first encountered the Indian tribes, the Indians (Feather not Dot) asked whitey to use their fire sticks to kill their Indian neighbors.

Debt to nature, blah blah. You are a white chick larping as an Indian, or maybe a Hasbara Jew attempting the spreading of guilt. No self respecting man would talk as you do.

The Apache were cannibals, and the negro buffalo soldiers would kill them to a man, which is why there are no Apache left in Texas.

Not all the Indians were Kum Ba Ya as your bull shitting states. Many Indians would take white settlers, and put them on trellises. Then they would tortue the whites for weeks on end until they died. Children especially learned how to torture and enjoy it.

It was their entertainment, like TeeVee. Hunter Gatherer tribes played the in-group out-group game.

You are not a guy, or you would have understood the Female reference. Women are hypergamous and don’t give it out for free.

Take a hike, chick clown.

The Lords is a story of its own. Traditionally, wealth came from land, as in the wool trade. The merchant class cornered that (and others) and eventually shifted to more into finance.

The enclosure period is pretty interesting, and yes it was the finance class ejecting the former “Lords” from their feudal estates. There were plenty of usury games, like using female entrapment, or rigged gambling to then transfer the wealth, or get the feudal lords into debt traps.

Hungary had an upper house that I only know a little about. But, my understanding is that it was “sectors of the economy representatives.” For example, firemen/policemen would be a group, and then another representing farming, and so on. It wasn’t really a “upper house” it was representative of the economy.

The upper house was selected by the King, who was elected and held to constitutional behaviors.

The lower house was elected by populism. If the two houses couldn’t get along in a proscribed time interval, the King had another shot at it.

This would be his last chance, if the next parliament could not get along, the king would be dethroned, and a new king elected. In this way, the King was never far beyond the passions of the people.

Maybe Mefobills could just give it a rest, before there’s even more in the way of wrong guesses and asinine assertions to lamely try backpedaling away-from. Hurling empty supposed-to-be insults from the “safety” of some internet handle, prob’ly tells us all we need to know about Mefobills’ own notions of “manhood.”

Mefobills insistence that sex is always on a quid-pro-quo basis likely reveals a lot more about Mefobills’ own sexual experience than anything else. Having to pay for sex every time might give Mefobills some pretty screwed-up ideas about it. Of-course, within the take-away system where Mefobills stacks his time, there does seem to be an awful lot of that going on.

“Love for sale!” Why not? Everything else in that fake world is.

“and we vassals are supposed to accept it tamely as having value. ”

If you don’t think your money has any value, I’ll take what you have off your hands. I’m a collector.

Mencken wasn’t perfect, but he was a more profound thinker than the average mediocrity that has run this country since the 1780’s, including many of the founders.

Quote:

“I don’t know why Credit/Debt is controversial.”

I can tell you why it is “controversial” to ME – it is because these “lenders” start out with NOTHING but a number on a computer screen and then end up with “money” that they did not work for; “money” that did not exist in the first place.

I have absolutely NO problem with my local utilities sending me a bill, which I owe for a product or service that I received. There is no interest collected; they trust me for the previous month’s receipt of product or service that I received.

But the interest that I pay on my home mortgage is a completely different situation, as far as I am concerned. The “lender” charges me interest on “money” that was “loaned” to me, “money” that had never existed in the first place and “money” for which that business did very little actual WORK. WHO gave these corporations the “right” to do this? The “laws” in their respective countries.

As I said in a previous post, I look at the economies of the USA and those of the so-called “civilized” world as being built on FRAUD – the loaning of “money” which never existed in the first place and then charging the borrower interest on top of the “money.” Money that the borrower pays back, which he or she received, usually as a result of HONEST WORK – providing a useful and needed product or service that another was in need of. He or she (usually) obtained the money by completely legitimate means…unlike most “lenders.”

I look at people who rent out homes, apartments, condos, trailers, buildings, etc., with almost as much disdain as I do the bankers. Most of the people doing the renting have been able to be in that position through the use of borrowing money (debt) – FRAUD. They have used debt / fraud “to get one over” on their fellow human beings. Human beings which did not have access to the debt / fraud with which to “get one over” on other human beings.

I read the words of “Constant Walker” and in my opinion, he has more wisdom than 99% of the so-called business people in the world. He speaks in philosophical terms, as applied to “how things are.”

Thank you.

Mencken is the best wordsmith I’ve ever encountered and is why I really like his quotes. He was also a contrarian and an acute observer that had a realistic view of the world largely unencumbered by the propaganda of his day and had the articulation to make his opinions memorable.

Tact is the ability to tell someone to go to hell in such a way that they look forward to the trip.
Winston Churchill

Mencken had a peculiar kind of tack in abundance.

I’m getting a fat white chick, with blue hair and tats vibe from you. A denizen of clown world.

Mefobills insistence that sex is always on a quid-pro-quo basis likely reveals a lot more about Mefobills’ own sexual experience than anything else.

Only unserious clown people think that there is NOT some sort of value exchange between the sexes. It is also beyond question that women are hypergamous. Anybody with eyes can see that there is credit/debt relations between the sexes.

There is no kum ba ya, one-with-the-universe mutual exchange that you blather about.

Somebody filled your head with clownworld nonsense, and you are regurgitating without thinking.

In general though, crazy white women with colored hair cannot be reasoned with, emotions rule their pea brains. (Not all women of course, Ellen is perfectly reasonable and doesn’t have a pea brain.)

I can tell you why it is “controversial” to ME – it is because these “lenders” start out with NOTHING but a number on a computer screen and then end up with “money” that they did not work for; “money” that did not exist in the first place.

I used the lawnmower creditor example earlier. I used the sex for favors credit example earlier.

You have to read more closely and pay attention to every word. And then think.

With regards to banker credit, I have more words on that than any other commentator here at UNZ.

Did you pay attention to who you are talking to?

Yes, the banker wants his CREDIT to be more than your debt.

Once you understand credit and debt are inverses, then you can begin to explore what usury is, and not until then.

Basically usury is a somebody claiming more credit than they should have, they want to turn YOU into a perpetual debtor, or take sordid gain on your life energy. They want something for nothing, and bad value exchange favoring them. And typically, there is some sort of power or trickery involved, where they can force the scam on you.

In other words, the credit and debt cannot cancel out evenly. They are not allowed to be inverses.

Money is not always credit, for example if it is just spent debt free by the State, it has no debt instrument on the other side, and hence is a free tool to be used by the population. It can be used to discharge non monetary debts. For example, if you break the wheel of your borrowed lawnmower, you can transfer some money to your neighbor, and say “I’m sorry.” Here is your lawnmower back, and since our debt relation has not discharged, here is some money to pay for the wheel. Your neighbor then says, OK thank you, we are even.

“WE ARE EVEN” What do you suppose that means? That means you don’t OWE HIM, and hence your debt is discharged. Your relation to him has been discharged.

OK? Debts and Credits are part of the human condition, and predate either money, or credit as money.

I’m sure you are a good guy, and when our borrow a car, you return it with a full tank of gas. This is you discharging your car debt, and a little more than even discharge of the relation, to have future credit as a way of saying thank you.

I read the words of “Constant Walker” and in my opinion, he has more wisdom than 99% of the so-called business people in the world. He speaks in philosophical terms, as applied to “how things are.”

Constant Walker is completely full of it, and you are falling for her BS.

Just because business people are often predators, doesn’t make philosophers correct. It just makes them philosophers.

Mencken is also full of it.

Rave on, fool! From the “security” of your mother’s basement?

You can mine my comments and use search words. Use search terms as I have nearly a million words.

I have answered your question before to others, or I answered it directly in commentary.

https://www.unz.com/comments/all/?commenterfilter=Mefobills

a good place to start is Tedore:

https://archive.org/details/hitlers-revolution-by-richard-tedor_202007

Ron has a good series on WW2:

https://www.unz.com/page/american-pravda-series/

Thanks for asking, many people don’t want to disabuse themselves of false ideology. Its a tough journey and requires bravery.

Rave on, fool! From the “security” of your mother’s basement?

My comments are anything but infantile, as if I’m a child living in a basement.

You have a serious problem, and have not refuted the crazy fat white chick appellation.

I guess in your circles, you can say nonsense things, and your fellow blue hairs nod along in agreement.

You conjured up some sort of mutual respect ideology out of thin air, and are pushing that. Go ahead and believe what you want, but no rational person will take you seriously.

When a steel toed boot is crashing into your skull, you will be begging for a strong man to save you, and no amount of of your mutual respect blathering will stop the boot, only a strong counter force.

Mefobills’ “comments” here are monomanic nonsense….completely baseless speculation and relentlessly “self”-satisfying reinforcement of everything programmed by the take-away system Mefobills was born into and believes faithfully to be all there is or has ever been or ever will be. Nobody with any sense falls for the heterodyne whine of that claptrap. We all know better.

What’s more, Mefobills here finally betrays the totally fear-driven, gangster-rules rationale underlying it all, with that “steel toed boot” bullshit. Of-course, Mefobills in his thuggish fake “persona” no-doubt expects to be wearing “the boot.” Mefobills is in for some severe shocks.

Thanks — but Ms Brown should have answered the question — of course the answer is that Congress could create the money to fund any deficit, and really should — the obviousness of the corruption in the eyes of the public would perhaps function as a kind of moral constraint on government spending — whereas today, given the current system, including career politicians, there is effectively no such constraint, which has resulted in the continual growth of government power and influence.

In the US today, all money comes into existence via the issuance of credit.

Consider student loans — where does that money come from? — it arises from the legal authority of a bank or other financial institution to create (checkbook) money, which is then credited to the account of the borrower — for a student loan, this then gives the bank or financial institution a legal claim on the future income of the borrower — what did the bank or other financial institution do to earn that income? — nothing — they just created money.

No other country cruelly burdens so many of its young people with debt the way the US does.

It is the same for a mortgage — when a borrower defaults, the bank or financial institution can foreclose and assume ownership of the house — think of all the genuine wealth creation that a house represents: the production of the materials used to construct it, the labor, the land, etc — what did a bank or other financial institution do to earn ownership of such an asset, the product of genuine wealth creation? — again, nothing — they only created the money.

I don’t see how it’s helpful to propose half-measures and band-aids as a fix for such a corrupt and immoral system.

MFB –

Thank you for your two replies. I know EXACTLY how “credit” works, as well as how banks manufacture money out of thin air.

I stand by my comments concerning “Constant Walker.”

Thank you.

The myth of evil Hitler is another of many that I wish to correct in my understanding of history. I don’t really intend to embrace the Hitler as savior narrative either. I am just really sick and tired of the continuing gaslighting of the entire west by the very same people who are responsible for so much of its misery and dysfunction. I would like the accurate picture.

Your ‘lady friend’ has some excuse: she is apparently ignorant of how the money system works, as most American are (for a number of reasons) — this video is a good introduction (its provocative title is a plus):

Century of Enslavement: The History of the Federal Reserve

But it’s worth asking why people like Ellen Brown seldom deign to answer the simple question about money versus debt financing of national deficits: aside from the question being so unorthodox as to be tainted by nuttiness, and hence safe to treat with disdain (see here), I think the main reason is that it puts them into conflict with their moral conscience — this makes them uncomfortable, because they are forced to face their own participation in the system, which is a kind of complicity — an evil system that strips people of their income via coercive taxation in order to service an already huge and still growing mountain of phony, needless, and unpayable debt.

What’s more, Mefobills here finally betrays the totally fear-driven, gangster-rules rationale underlying it all, with that “steel toed boot” bullshit. Of-course, Mefobills in his thuggish fake “persona” no-doubt expects to be wearing “the boot.” Mefobills is in for some severe shock

Clown world!

What you are doing is preening moral superiority. This then sets up a dynamic, where you pass guilt onto others. Once you have attached guilt, then you can demand reparations or extract something.

Here you are putting yourself above:

All of this coming from the dedicated and persistent efforts of a part of the Human Species taking great pride in their “self”-invented belief that they are just the smartest and best damned thing that has ever come along here in the LivingLoving Arrangement of Earth and Sky. Lucky for all of us surviving Free Wild Peoples of all Kinds here in Indian Country, they could not possibly be more mistaken about that.

I get the whole earth and sky balance thing, there is nothing new here. It is the same as credit/debt balancing. You are for balance.

But, really you are not. You are making claims about how everybody is mistaken but you – who live in Indian country. Only Indians have a lock on the truth, everybody else is less.

You are special. Indians never crash boots into “others” heads. They are perfect people living at one with nature.

It is simply not so, and you don’t like being called out, as yet another denizon of clown world. I even went through and explicated some Indian history, that you ignored – where Indians put whitey on a Trellis to then torture to death. Hunter gatherers were not in balance with nature.

Some Indian tribes would run whole herds of Buffalos off of cliffs and kill them by the 100’s, simply because it was easy, and maybe entertaining.

You are preening and probably not even an Indian, you sound like a fat white haired chick with blue hair and tats who has an empty life.

You don’t get to preen and pass guilt. Piss off. You are are not helpful and the world does not work like you have been falsely programmed to think.

Thank you for your two replies. I know EXACTLY how “credit” works, as well as how banks manufacture money out of thin air.

I doubt that seriously. The bank of england had to issue a white paper, because most of the world is confused on the issue.

The amount of people who have delved deeply into double entry credit, and banking issues is probably only in the thousands, and you are not one.

Also, you harbor libertarian ideas, and these ideas are a complete fail – they are a description of a world that does not exist. It is called a-priori theorizing.

I believe it must be so, it must be this way, so lets cherry pick to make my case, and lets ignore contravening data.

Constant Walker is doing the same thing by the way. A-Priori is not cool.

The right way to approach things is to be a truth seeker, and that means constantly adapting to new information.

I don’t see how it’s helpful to propose half-measures and band-aids as a fix for such a corrupt and immoral system.

We are down to half measures.

I explained exactly where it went wrong. There have been hundreds of attempts, and wars to fix it since then. Has anybody else told you this? You are welcome by the way.

I give Ellen an A plus for examining the issues and trying to find a seam in the corporatocracy system.

You don’t have a solution, and are just griping.

The right approach is not to just complain, but to come to the table with suggestions.

Some “civilized” people would shoot Buffaloes by the hundreds of thousands and finally by the millions, stripping off the hides and leaving the meat to rot….”simply because it was easy, and maybe entertaining.” Mefobills wants above all else to be justified and confirmed in his delusions about The Way things actually are here in The LivingLoving Universe made and sustained by the HeartSong and MatingDance of Love Hisownself and Life Herownself. Mefobills prefers to present here as a believer in the idiotic “dominance” paradigm, an adherent of the “might-makes-right” confession, maybe an active practitioner of the dog-eat-dog “ethos” of the duped and domesticated.

This Old Indian has said here in plain words that for us our Natural Free Wild Condition, in-concert with the Free Wild LivingLoving Arrangement of Earth and Sky with all of its necessary imperatives for Organic Functional Integrity among those of us belonging to it and to each other, is hands-down preferable to the comfortable captivity and crippling convenience used to lure lazy(?) people into the suffocating confines of the pressure-cooker “civilization” contraption, where everything contrary does in-fact become “The Norm”….which Mefobills evidently thinks is all there really is, or at-least ought to be. Mefobills is welcome to all that. We want no part of it.

If its inescapable artificiality provides Mefobills with a convincing illusion of being “in-control” of his completely contrived situation, then more “power” to Mefobills. It’s sure as Hell no hair off our hides.

It does seem sensible to at-least wonder, though, what it is exactly about that virtual world-o’-hurt that compels Mefobills to comment here over-and-over-and-over in a vain effort to discredit and tear-down something that, according to Mefobills and evidently to his immense “self”-satisfaction, does not even exist. Something just doesn’t add-up here. Tilting at windmills, anyone?

Remember, too, that it was not this Old Man who initiated this “frank exchange of views” that Mefobills couldn’t seem to help but turn-into a “self”-obsessed tirade full of ridiculous innuendo and hilariously mis-aimed meant-to-be “personal” insults. Mefobills comes across clearly in all this as a pretty pitiful specimen of his virtual “kind”….and in his slap-happy presumptions of being rather quite typical, becomes instead a shit-posting insult to every damned one of ‘em.

So it goes in the land of make-believe, here-and-now in these Latter Days. “Let’s went, Cisco!”

Thank you for the reply. I find myself very angry at what “my” country, the USA, has become. To combat this, I just try to keep myself busy with my hobby of amateur radio (ham radio), keeping my residence maintained and caring for our two cats.

And avoiding, as much as possible, the acquisition of any new debt, GMO foods, merchandise made in China and “city” water (we have a reverse osmosis water system that I installed).

I no longer watch ANY television, nor anything that comes from the mainstream media.

In this way, the King was never far beyond the passions of the people.

In the UK context, not that it was/is better than the Hungarian example, it is the King of England as opposed to King of the Scots. The latter was, in theory, first among equals.

>You don’t have a solution, and are just griping.

It was right in my first comment: ‘so if the federal government wants to spend more than it receives in revenue, why doesn’t it just ‘coin’, i.e. create, that money, and spend it into existence?’ — not sure how you could’ve missed that — it probably happened because you’re one of those covered in this earlier comment elsewhere.

>I explained exactly where it went wrong.

Actually you didn’t explain anything — a lot of historical blah blah about ‘bills of credit’ — no one knows or cares what a ‘bill of credit’ is today — it isn’t relevant — the federal government can and should cover its deficit by simply ‘coining’ (creating) the means of payment (money) and spending it into existence — just skip the step where debt is issued.

These are the same people who perpetrated the Social Security ‘trust fund’ fraud — there is no way you’re going to reform people like that, or their practices.

So really my preferred solution would be to cordon off Wash DC, and filter out the Mitläufer — then guillotine all the career politicians and lobbyists, especially the ones responsible for the national security state and the permanent wartime economy — and do the same to all the Wall St types in NYC.

First of all the national debt is 24 trillion, not 31….the 7 trillion difference is debt where one government agency borrows from another. You can easily borrow 1 trillion from your left pocket and put it into your right…the effect is exactly the same.

Of that 24 trillion, the vast majority of the rest is held by US citizens. So if you decided to pay the national debt over the next year via a massive income seizure, and then pay it off, you’d be writing checks back to gazillions of US citizens, corporations, states, and other financial institutions. GUess what many of them would do with the cash. Lend it to China? NOT!

This is exactly what happened in the 1950s, back when men were men and wimmin’ were in the kitchen. The WWII debt was paid from collected revenues (AKA taxes) and returned to government bondholders (AKA US citizens.)

In fact the government pays off billons of dollars every day as 30 year bonds from 1993 are retired. The auctions to buy NEW bonds are usually 2.5x OVERSUBSCRIBED.

Far more realistic solution is to relocate 2 of the three branches of government to other parts of the country. Leave the President and his cabinet in Washington DC. The Senate in KAnsas city. The House in New Orleans. The Supreme court in Salt LAke city.

(1) This would collapse the real estate market in DC, soaking the rich like has never been seen in history. Give the shithole to the niggaz.

(2) Would infinitely raise the cost of lobbying.

(3) Would make the representation of the country far more complete. The 13 colonies aren’t the USA any more.

(4) And many other advantages.

>relocate 2 of the three branches of government

That would not satisfy my bloodlust — and I do have bloodlust.