It
is back to school time. Further your education with this material.
It is worth your time and effort.
As
we are on the verge of a Global Currency Reset/World Global Settlements we all
need to beware of what will take the place of the current system. The
hope is that correct decisions have been made and a fair and balanced system
will take its place. However, great danger exists. Of course we all
want money that is valuable and backed with assets; but be warned that a return
to a gold standard without some other considerations will only concentrate
power into fewer hands; i.e., those who have the gold will make the rules.
Therefore,
It is highly recommended that you set aside time to watch this
The Money
Masters - How International Bankers Gained Control of America.
[The
video is about three and a half hours of concentrated history in clear concise
language clearly enunciated and understandable. It is divided into bite
size portions that you can pause as needed. If you will just listen and
watch even once then you can begin to understand just how and who has caused
and financed wars that have periodically decimated the youth of the world in
wars that profit only one group, the same group that has devised a system of
slavery for all peoples that we all are in bondage to, the same group that is
very near achieving their goal of world domination, a New World Order.
This group does not hesitate to murder any who get in their way including
Presidents. Perhaps you can be part of the solution instead of only being
a victim. The people currently in power are direct descendants, at least
philosophically and in practice, of the same group, the only group upon whom
Jesus used physical violence, the group identified in James chapter 5 verses 1
– 6 who will suffer the wrath of God Almighty in a little while. This
video not only identifies the problems it offers an achievable plan of action.
bez7]
THE
MONEY MASTERS
impose
BASEL
I, II & III on an unsuspecting world
Central
Bankers’ Basel III scheme will worsen Worldwide Recession
BASEL I. In 1988 a faceless, unelected group
of bankers met in Basel, Switzerland at the Bank for International Settlements
(“BIS”) – the “Central Banker’s bank” which even Swiss authorities may not
enter – and in their “Basel I accords” agreed to a set of minimum capital
requirements (8%) for banks. This was a number fine for some banks, but higher
than what was in place for France and especially Japanese banks. To raise more
capital to reach the 8% level, French and Japanese banks had to reduce loans,
causing a recession in France and a depression in Japan, one from which Japan
has never fully recovered.
BASEL II. In 2004, the same group met and agreed to Basel II (“The Return
of Basel I”)– which required banks to value their capital based on market
values, or “mark-to-the-market.” These rules were approved for the US on
November 1, 2007. The declining housing market set off a chain reaction due in
part to Basel II which banks knew was coming and constricted credit in
anticipation of. The next month, December, 2007 the stock market collapsed and
the Great Recession began in earnest. This should have been no surprise to the
Japanese, nor to the BIS bankers. Full implementation of Basel II was
subsequently delayed in the US until 2009. Basel II has been blamed for
actually increasing the effect of the housing crisis as banks had to reduce lending
to increase their capital as the value of mortgages they hold declined. This
produced a downhill snowball effect on home prices and then on nearly
everything else as lending and the economy contracted.
BASEL III. Not content with two massive
regulatory failures, the same bankers have now produced Basel III (“The Revenge
of Basel I & II”). Like Basel I & II, Basel III increases capital
requirements yet again, in a series of steps beginning in 2013 with the start
of the gradual phasing-in of the higher minimum capital requirements not
completed until 2018. The BIS bankers have imposed this and are forcing their
home governments to get in line, as has the UK, the US and most other developed
nations. It is truly a global rule by central bankers acting in concert/cabal.
An OECD study estimates that the medium-term
harmful impact of Basel III implementation on GDP growth is in the range of
−0.05% to −0.15% per year – just what’s needed in a worldwide recession! To
meet the capital requirements effective in 2015 banks are estimated to need to
increase their lending spreads on average by about .15%. The capital
requirements effective as of 2019 could increase bank lending spreads by about
.5%. Rising interest rates could significantly hurt small bank capital positions
because a 3% upward swing in interest rates could drop a bank’s capital by 30%,
placing the bank in an undercapitalized position, forcing it dramatically to
reduce loans. Again, the downhill snowball effect.
The proposed Basel III regulatory capital requirements are an immense and
unnecessary burden that will actually threaten the existence of banks with
under $1billion in assets. These new regulations will further drive
consolidation into a few bigger banks. Some on Wall Street, like mergers and acquisitions
expert John Slater, predict that Basel III’s compliance costs will lead to a
merger boom, and that in the next 3-5 years 20-30 percent of all banks will
merge, further consolidating wealth in fewer and fewer hands. That is the
object – world bank/economic and hence political control by a handful of
unelected, unaccountable, international bankers beholden to no one, many of
whom have ethics only Machiavelli could admire and worldviews that most people
on earth would consider abhorrent.Learn more about the BIS and the Bankers’ Global Plans in THE MONEY MASTERS DVD
ORDER ON DVD AT
themoneymasters.com
1-719-930-7549
HELP SPREAD THE WARNING
International
Monetary Fund Researchers Back Full Reserve Banking
But Don’t Hold Your Breath
Waiting for the IMF to Adopt It
Our Monetary Reform Act, written in
1996 and supported by Dr. Milton Friedman is largely based on the monetary
reform plan that came out of the University of Chicago during the Great
Depression in 1933, with added safeguards. Recently two researchers working for
the IMF (perhaps not for long now!) discovered the Plan, dusted it off and have
noted five major – and real – benefits of the plan. While there is slim to no
chance the IMF will promote the plan despite it’s obvious advantages to the public,
still it is very interesting that its own researchers discovered, compliment
and hoped to advance it.
THE
ADVANTAGES OF THE CHICAGO PLAN/MONETARY REFORM ACT
1.) Better
Control/Reduction of Business Cycle Fluctuations (the Boom/Bust Cycles)
2.) Elimination of Bank
Runs
3.) Dramatic Reduction of
the National Debt (elimination when fully implemented)
4.) Dramatic Reduction of
Private Debt
5.) National Output Gains
of 10%
The IMF authors noted that
all five benefits of the Plan were supported by their research. That is true. Caveat: however,
absent safeguards the Chicago Plan per
se would dangerously increase Leviathan’s (the State) control over
the economy (while reducing direct private bank control – a good thing in
itself), and it does not abolish fiat money which would be even more subject to
political control under the Chicago Plan. As noted in the Monetary Reform Act and
by Dr. Friedman, remedies to those two deficiencies would be that either
monetary growth must be regulated by a Constitutional Amendment establishing
either a zero (i.e.,
stable supply – no change) or a low fixed rate of annual growth (such as 3%) or
by legislation, or, fiat money must be abolished and replaced with a
commodity-based money such as gold (and/or silver or whatever a real free
market develops as money).
Unfortunately, legislation
is subject to political manipulation (such as the how CPI is currently
manipulated to indicate inflation is under 2% when it is closer to 10%) and
relatively easy change, so this is not the ideal, but is of course much more
easily passed. Such a Constitutional Amendment would far less subject to
manipulation, as would be a commodity/gold-backed money (but even those can be
manipulated in various ways) – they would be preferable to legislation.
If those safeguarding elements were added, we believe
this would be a huge improvement over the current system; it would in fact have
the 5 advantages noted by the IMF researchers, and if bankers’ back it they
would be either marvelously philanthropically motivated or will have given up
on their scheme’s for world economic control. Neither is very likely, so beware
of any push to implement the Chicago Plan without those or similar safeguards.
The combination of
international bank control of the world economy via the BIS/IMF/World bank and
State control is, as we all know, gradually heading for international
totalitarianism. Any increase in power to either element is fraught with danger
and must be very carefully examined.
To read the IMF paper
visit: link to http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
The Money Masters explains
the history behind the current world depression and the bankers’ goal of world
economic control by a very small coterie of private bankers, above all
governments.
The Central bankers’ Bank for
International Settlements (BIS) in 1988 in the “Basel I” regulations imposed an
8% capital reserve standard on member central banks. This almost immediately
threw Japan into a 15 year economic depression. In 2004 Basel II imposed “mark
to the market” capital valuation standards that required international banks to
revalue their reserves according to changing market valuations (such as falling
home or stock prices). The US implemented those standards in November, 2007. In
December 2007 the US stock market collapsed and credit began drying up as banks
withheld loans to comply with the 8% capital requirement as collateral
valuations began to drop. The snowball effect of tightening credit, which reduces
economic activity and values further, which resulted in further tightening of
credit, etc., has produced a worldwide depression which is worsening.
Those capital standards have not
been relaxed despite the crushing effects on the world economy* the credit
contraction it requires has caused. Why? Because:
Bruce Wiseman
“The purpose of this financial crisis is to
take down the U.S. dollar as the stable datum of planetary finance and, in the
midst of the resulting confusion, put in its place a Global Monetary Authority
[GMA - run directly by international bankers freed of any government control]
-a planetary financial control organization”- Bruce Wiseman
*The U.S did modify
these rules somewhat a year after the devastation had taken place here, but the
rules are still fully in place in the rest of the world and the results are
appalling.
“The powers of financial
capitalism had a far-reaching plan, nothing less than to create a world system
of financial control in private hands able to dominate the political system of
each country and the economy of the world as a whole… Their secret is that they
have annexed from governments, monarchies, and republics the power to create
the world’s money…” .- Prof. Carroll Quigley renowned, late Georgetown
macro-historian (mentioned by former President Clinton in his first nomination
acceptance speech), author of Tragedy and Hope. “He [Carroll Quigley]
was one of the last great macro-historians who traced the development of
civilization…with an awesome capability.” – Dr. Peter F. Krogh, Dean of the
School of Foreign Service (Georgetown)
The Two Step Plan to
National Economic Reform
and Recovery
1. Directs the Treasury Department to issue U.S. Notes (like
Lincoln’s Greenbacks; can also be in electronic deposit format) to pay off the
National debt.
2. Increases the reserve ratio private banks are required to
maintain from 10% to 100%, thereby terminating their ability to create money,
while simultaneously absorbing the funds created to retire the national debt.
These two relatively simple steps, which Congress has the power to
enact, would extinguish the national debt, without inflation or deflation, and
end the unjust practice of private banks creating money as loans (i.e.,
fractional reserve banking). Paying off the national debt would wipe out the
$400+ billion annual interest payments and thereby balance the budget. This Act
would stabilize the economy and end the boom-bust economic cycles caused by
fractional reserve banking.
The Austrian School Got it Right
The monetarist school, of which Dr. Milton
Friedman was the acknowledged head, has been rightly criticized by the Austrian
school of economics for failing to recognize and deal with the fact that no
fiat money system has ever lasted long before the government instituting it
succumbed to the temptation to inflate the money supply as an indirect tax on
the people, proportionately decreasing the value of their savings and wages,
and transferring their wealth into the hands of the government. This is
certainly a valid critique. The so-called “Great Recession” beginning in 2007,
TARP, QE1, QE2 etc. and the staggering increase in the national debt has proven
the validity of that critique – the Austrian school was right.
To be fair to Dr. Friedman, he did write that
“we do need a commitment to sound money. The best arrangement currently would
be to require the monetary authorities to keep the percentage rate of growth of
the monetary base within a fixed range. This is a particularly difficult
amendment to draft because it is so closely linked to the particular
institutional structure. One version would be: Congress shall have the power to
authorize non-interest-bearing obligations of the government in the form of
currency or book entries, provided that the total dollar amount outstanding
increases by no more than 5 percent per year and no less than 3 percent.”
However, given the near-impossibility of
passing such a Constitutional Amendment, it can fairly be argued that Dr.
Friedman really had no practical means (only the theoretical one, above) to
offer to restraint the government from debasing the currency and inflating away
the wealth of the people. That being so, we part company with Dr. Friedman’s
conclusion that “It is neither feasible nor desirable to restore a
gold-or-silver coin standard.” Again, to be fair to him, Dr. Friedman later
softened his stance against gold and stated that it would be preferable to what
we have, a fractional reserve banking system. To that shift in thought, we say,
Amen. The Money Masters website will be updating information and the Monetary
Reform Act to explain the Austrian school’s solution to the current economic
crisis in the light of events the last 5 years. One thing both schools of
economic thought agree upon, as does Dr. Ron Paul: End the Fed!
“Banking
was conceived in iniquity and was born in sin. The bankers own the earth. Take
it away from them, but leave them the power to create money, and with the flick
of the pen they will create enough deposits to buy it back again. However, take
it away from them, and all the great fortunes like mine will disappear and they
ought to disappear, for this would be a happier and better world to live in.
But, if you wish to remain the slaves of bankers and pay the cost of your own
slavery, let them continue to create money.” – Sir
Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be
the 2nd wealthiest man in England at that time.
Support the Monetary Reform Act – write
your Congressman today!
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