By Anna Von Reitz
Let us all realize that, first of all, banks and money are founded on the iniquity of idolatry. Money is a "symbol" of value the same way that a little stone or carved wood idol is a "symbol" of God. The same process of idolatry is at the root of the entire idea and use of all forms of money.
Let
us also all realize that in the modern world, money is a commodity,
like beer or cheese. There are a gozillion different kinds and brand
names of money in exactly the same way as there are brands of beer or
cheese, and they all present their own national characters and quirks.
Let
us also realize that there is a profound difference between "money"
which has a value in-and-of-itself, such as a gold coin that has some
intrinsic value in trade, and "legal tender currencies" --- like bonds
and notes and letters of credit. And there is additionally, a market in
other "securities" --- like stocks and commodity futures.
For
the past week I have been deluged by circumstance and correspondence to
explain what is going on in the banking world. Well, which banking
world? The world of actual asset-backed money, or the world of legal
tender currencies, or the stock market or.....?
If
I were to explain in very general terms --- there is a Gross Imbalance,
at least so far as the bookkeeping is concerned -- between actual
assets and bonds, notes, and letters of credit. And there is a
terrible, inappropriate, and looking-to-be fatal infringement of
investment banking on the rest of the banking world.
Up
until the disaster of 2008 and what has been called "The Big Short" on
Wall Street, banking -- at least in this country -- was separated
according to function.
We have had traditional trade banks, limited commercial banks, international commercial banks, and investment banks.
It is this last category of banks that demands our attention: investment banks.
Investment
banks have always been the shadiest, most irresponsible, most
intrinsically dishonest operators on the block, and for decades prior to
the 2008 Lehman Brothers et alia debacle, they were prevented by the
Glass-Steagall Act from participating in general commerce and
co-mingling their operations with banks meant to serve the public and do
"straight" transactions among corporate clients.
By
"straight" transactions, we imply the honest mundane Point A to Point B
transactions we associate with normal banking, devoid of hidden
agendas, double escrows, undisclosed usury fees, undisclosed investments
made "for" bank customers and shareholders, and similar rotten business
practices that no sane country would condone.
In
the aftermath of the 2008 mess, Glass-Steagall was repealed and the
investment banks were let loose like a pack of wild hyenas to feast upon
the flesh of the unsuspecting world. For many large commercial banks
this simply meant the merger of their "investment bank" with their
public commercial bank functions.
For some,
like Wells Fargo, that had already been skating the edge of the law by
abusive use of copyright non-disclosure (Wells Fargo hasn't been an
actual bank for years, but is instead a securities investment firm -- an
investment bank operating under the trademarked name of the old "Wells
Fargo Bank"---otherwise known as a wolf in sheep's clothing.) the repeal
of Glass-Steagall meant coming out of the closet and no longer having
to worry about enforcement of the actual law.
Investment
banks presume upon their shareholders and especially their depositors
to use their deposited assets as assets that can be invested by the
bank. There is a (largely undisclosed) quid pro quo, that if you leave
your jewels in a deposit box, they belong to the bank as assets that can
be used to secure investments for the bank or lines of credit for the
bank. So by removing Glass-Steagall, one of the immediate impacts of
merging normal commercial bank functions with investment bank functions
was to open up all the depositor's resources as investment assets.
Oh,
you, the unwitting depositors, are now supposed to be investors in the
bank, just like you are unwittingly being mis-characterized as corporate
franchises of the British Crown Corporation --- but never mind that
your pants have been dropped and you've been bent over.
Merrily,
the banks seized upon this incredible windfall of new investment assets
and began investing ---- mainly on PrivateTrading Platforms.
What, you may ask, is a "Private Trading Platform"?
These are to a Credit Scheme what unlimited crude oil is to Exxon.
Like
most evils, Trading Platforms were initially designed for good
reasons. They were intended to give investors a safe way of using
"unused assets" to generate cash for philanthropic projects while also
yielding generous profits for the investors --- a sop to the Uber
Wealthy to make themselves richer with little or no risk, and make
themselves out to be philanthropists at the same time.
You
have an asset in a bank --- say, a ton of physical gold cashiered away
back in 1956 -- and you agree to "block" this asset for a stated period
of time, say, one year. During that time, the asset will not be
available to you to use or withdraw from the bank. The Trading Platform
organization will take possession of the transaction from there on, and
will "trade upon" that asset for the next stipulated period of time ---
in this case, one year --- in what amounts to a futures commodity
market for assets.
Just
like in any commodities futures market, the participants are betting on
values and setting values for the assets in trade, making money off the
transaction fees, and margins and the 7 to 10 fold expansion of credit
that takes place when a bank --- acting under the bogus "fractional
reserve banking system" -- issues the "new money" created out of thin
air into the system.
What
happened in real life is that a lot of parties who had assets just
sitting in bank vaults all over the world jumped on the band wagon.
They were wealthy enough not to need those assets anyway, so why not
"block" them and go on the trading platforms?
And
the trading platform owners thought, well, why not cut ourselves in for
10, 20, 30.... whatever percent of the trade value? Guarantee the
investors a 100% of return on their blocked assets off the top of the
"fractional reserve" --- an amount of credit equal in value to the whole
investment, plus a percentage of the rest of the fractional reserve
created by this process?
And
after 2008 and the repeal of Glass-Steagall, the investment banks
thought--- what ho! We can take all these "unused" depositor assets and
go on the Trading Platforms and nobody will be the wiser.
This
"system" is so insane, so profitable --- on paper --- that some
investors including the CIA Retirement Fund, simply plunked down a gob
of gold back when it all began and "let it ride" indefinitely, with the
result that there are now Trading Platform Investment Accounts with 250
zeroes of "credit" standing on the books, and still no visible help to
the poor and downtrodden, no relief for the "taxpayers" --- just more
and more and more credit for these madmen, and more purported debt
imposed upon the labor of the people and assets of the world.
The
reason that there is no substantial feedback into the world economy is
that the Trading Platforms are too profitable at too little risk. And
nobody is holding the investors--- whether investment banks or
individuals -- accountable for actually doing philanthropic projects
with the money. They are being allowed to just roll the investments
over and over and over.
In
terms of investments there is no other show in town that can compare.
So all the giant public employee pension funds and giant State of State
"un-budgeted accounts" have been engaged in this hoop-la along with all
the investment banks that have surreptitiously seized upon their
depositor's assets----and blocked and invested their assets "for" them
without their knowledge or consent.
Now
we come to the issue of the Historic Trusts.... as I have explained
before, there are numerous kinds of Historic Trusts, mostly old family
trusts, some old business trusts and banking trusts, some government
treaty trusts -- but what they have in common is that they hearken from a
day when actual assets were used as money, and nearly all of the assets
belonging to these Historic Trusts have been held as "Special Deposit
Accounts" in banks that the banks have used to underwrite their
operations.
Historic Trust assets underwrite virtually all central banks on Earth.
Some
of you will recall that in 2011 the Chinese Government asked for the
return of Chinese gold that the Nationalist Chinese Government left on
deposit with the New York Federal Reserve Bank back in 1928. Initially,
the Chinese just wanted to be paid some of the interest they were owed
on the deposit, but instead of paying on what was owed, the New York Fed
stonewalled.
You
may also remember a disturbing similar report wherein the German
Government made a similar request for the return of gold held in trust
and that they were told they could only receive it back in relatively
small installments over a period of years.
What's
happened? Why are all the actual trustees and owners of the Historic
Trusts being similarly stonewalled when they ask for an accounting of
their "Special Deposits"?
Because the repeal
of Glass-Steagall allowed all the normal commercial banks to morph into
investment banks and as investment banks, they seized upon their
depositor's assets and "blocked" them and put them under contract to
these private Trading Platforms for periods of years unbeknownst to the
victims of these immoral, undisclosed, and non-consensual practices.
It
was never the intention of these out-of-control banks to share the
proceeds of these surreptitious investments with the victims of these
crimes, so what they have been trying to do is to circle the wagons and
pretend that the records of these Historic Trusts have been lost, or
make up excuses for why neither the assets nor the lines of credit that
should be available from these assets are available to the Depositors.
Well, the assets are "blocked" for varying periods of time, often years
into the future, just like the Chinese and German gold deposits, and the
profits from all this have already been contractually divided up
between the offending banks and the operators of these "Private Trading
Platforms".
Meanwhile, Ted and Alice and Dick
and Kelly are down in the trenches, suffering the hyper-inflation and
bearing the purported (but odious) debt caused by this madness, and
virtually none of the 'philanthropic projects" that were the excuse for
letting this system exist in the first place are getting done, because
the lure of compiling more zeroes is just too attractive to the mentally
unhinged bankers and traders among us.
Bottom
line: the Glass-Steagall provisions need to be put in place again and
the investment banks forced back into their boxes without any ceremony
or great deliberation. The "Private Trading Platforms" need to be shut
down as illegal gambling arenas. The assets need to be returned
posthaste to the control and benefit of the actual owners. The odious
debts and non-existent credits need to be wiped off the books. Those
who already profited from this should be dinged for 100% of the profit,
and that profit should be held in a Victim's Fund for the benefit of the
people of this world including the permanent end of all taxation, the
restoration of the natural environment, and the building up of new
beneficial technologies and infrastructure.
Since
they couldn't bring themselves to actually carry through on the
charitable and philanthropic projects, we will do it "for" them.
In
my opinion the members of the Municipal and Territorial United States
"Congress" that allowed this whole situation need to run down a narrow
track from DC to Boston being pelted with rotten vegetables the whole
way, while their counterparts in London need to run a similar course all
the way to Canterbury, where the faithful can seek absolution.
As
for the "Roman Pontiffs" and the Conclaves of Cardinals that allowed
this --- and they are ultimately responsible for this entire mess -- no
Hot Potato Reaction seeking to wash their hands by closing the
Pontifical Office can excuse both what they have done and what they have
left undone.
The people and the Earth are owed far better leadership.
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