Ending Bankers Uber Alles.

Every dollar in new debt adds just 3 cents to America’s GDP. Does that mean that we can increase our GDP by a trillion dollars if we raise the US national debt from $18 trillion to $51 trillion?

No. It does not. In the 1950s we added $2.5 billion to our GDP if we added a billion to our debt. But we are now in a downward spiral. Jim Rickards says we could go negative. By that he means that we could reach a point where the addition of another trillion dollars to the nation debt will actually decrease GDP and send us into another Great Contraction or Depression far worse than 1929-1939.

I define a Depression as a period in time when Unpayable Debts are cancelled en masse. We have more Unpayable Debts than anytime in history. We are headed to the Greatest Financial Crisis ever recorded unless we have worldwide Debt Cancellation.

Note: Depressions cancel debts. Because debt based currencies like the Federal Reserve Note require you to take on a debt before you can create money you are digging a deeper hole every time you let a Banker devise a rescue scheme that does not include scientific Debt Cancellation and the creation of a debt free money like Lincoln’s Greenbacks.

Jim Rickards is an adviser to the CIA and to the Pentagon. I would listen to him but not quite accept what he says at face value. He says that when, not if, the crash comes, that the only banking institution with a balance sheet that can be expanded to save the world is the IMF. Rickards is a member of the Council on Foreign Relations so his loyalties are known. Bankers Uber Alles. My loyalties are elsewhere.

China was arrogantly rebuffed by the Obama administration in 2010 when they asked for a greater role in the IMF. The Chinese have since created an alliance through the BRICS  nations (Brazil, Russia, India, China and South Africa) with more than 100 nations who have dedicated themselves to removing the dollar as the world’s reserve currency.

China could apply by September 15, 2015 to join the 4 nations whose money is currently accepted as part of the IMF’s basket of currencies. The alternative is that they wait until 2020 to apply. Today the SDR basket consists of the euro, Japanese yen, pound sterling, and U.S. dollar. To add the yuan to that basket China would be required to open its gold vaults for inspection. Rickards says the Chinese have thousands more metric tonnes of gold than they publicly admit. He talked to a high level gold transportation executive who did an off the books clandestine delivery to China which involved lots of well armed PLA soldiers.

China could open their gold vaults late this summer prior to their IMF SDR application. The amount of gold in their possession is likely so great that the entire world would question whether the US had anything other than gold plated tungsten bars apart from what they stole from the Ukraine. The US has exported thousands of more tons of gold than it has mined. The 144 million ounces they stole from Libya is probably already in China.

The point is that China follows the military doctrine of Sun Tzu. Prepare for the war and defeat the enemy before the first battle. China might be able to declare victory as early as September.

The Chinese could demand a devaluation of the dollar when they become the fifth SDR currency. The Chinese pegged their yuan to the dollar after the treasonous US government had passed NAFTA which closed 57,000 manufacturing plants and ended American 12 million jobs. When the Chinese pegged their yuan to the dollar, they froze out their competitors in Mexico and in Asia. But the dollar peg acts as a subsidy to the American government and has forced the Chinese to accumulate trillions of US dollars in cash and Treasury bonds.

The Russians and the Chinese have been selling Treasury bonds and buying gold and gold mines. The Chinese have been pledging American Treasury bonds as collateral to take out loans to invest all over the world. They announced their plan to invest $100 billion in Africa at their 2010 Beijing Conference. They are bailing out Argentina and are talking to Venezuela. And China has just recently pledged $250 billion in investments to Latin America. I think the Chinese are dumping large quantities of dollars.

Jim Rickards said that the first devaluation of the dollar will be 20 to 30%. But he said there would be several dollar devaluations until the dollar was devalued 80%. This would raise the cost of imported goods 500% to US consumers. That would reduce half of America to abject poverty and cause Nationwide Food Riots.

This need not be.

If Unpayable Debts create Depressions, then we ought not to allow Bankers to charge us interest for creating our money out of nothing.

If Bankers increase the Money Supply 10% in order to add 10% to our debts (i.e. loan us money), then they ought not to be rewarded with interest payments. They offered nothing of their own to us. On the contrary everyone with savings and with wages lost purchasing power when Bankers increased the Money Supply. So why don’t we benefit from money creation? We should because we bear the burden of reduced purchasing power.

If government created the printed currency and the checking account money, then we could all benefit. If the Money Supply grew at approximately the same rate as GDP, then the ratio of money to available goods and services would remain constant. This would offer us stable prices.

America would need to create $550 billion a year in new money if we returned to normal growth. I would like to spend $200 billion a year on building new infrastructure and repairing the old. If your state had 2% of the US population, then your share would be $4 billion a year in free money.

Currently, new bridges and schools are financed from bonds. And like home mortgages most of the payments go to interest. Why should the bank make more than the men who built your house or that new bridge? We ought to finance all infrastructure from newly created money at zero cost to taxpayers. America will need 20 years to catch up with the backlog of repairs and to modernize the country’s physical assets.

If you combine this $200 billion a year in aid with Debt Cancellation of federal, state and local bonds, then you can understand how easy it would be to eliminate property taxes on homes.

As I have said, we need Debt Cancellation. Catherine Austin Fitts said Wall Street stole $40 trillion from us and will steal tens of trillions more. It is only fair that we fund Debt Cancellation by arresting the Bankers and seizing their assets. I have said that if we had a military coup of junior officers, that they could invade Lichtenstein, the Cayman Islands and other offshore bank havens to seize assets. Of particular interest would be the lawyers who would know the corporate names of hot money investors. A lot of that stolen money is invested in America under foreign corporate names. All those bonds, shares and real estate investments need to be seized.

The alternative means of cancelling Unpayable Debts are Hyperinflation like Germany in 1923 and foreclosures like 1933 America. Either one at this time could destroy America, Europe and most of the world.

We must have a non-interest bearing, debt free currency like Lincoln’s Greenbacks to be combined with Debt Cancellation to be funded by asset seizures from arrested Bankers and other criminals.

Only after these events have taken place can we say Bankers Uber Alles has ended.

Related articles:

How And Why An American Military Coup Could Save The World

https://vidrebel.wordpress.com/2013/04/25/how-and-why-an-american-military-coup-could-save-the-world/

In the next article IMF economists admit that debt free money is best.

IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.

https://vidrebel.wordpress.com/2012/08/19/imf-economists-we-were-wrong-will-someone-please-tell-the-press-and-the-politicians/

Video: GMO Ticking Time Bomb, The Bankers Want You Sterilized And Then Dead

https://vidrebel.wordpress.com/2012/10/07/video-gmo-ticking-time-bomb-the-bankers-want-you-sterilized-and-then-dead/

The next article gives some background on the tens of trillions of dollars stolen form taxpayers.
The Essential Catherine Austin Fitts Reader

https://vidrebel.wordpress.com/2012/09/17/the-essential-catherine-austin-fitts-reader/

About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
This entry was posted in Resistance and tagged , , . Bookmark the permalink.

10 Responses to Ending Bankers Uber Alles.

  1. Mark R. Elsis | Lovearth.net says:

    A+

  2. Pingback: Ending Bankers Uber Alles. | From the Trenches World Report

  3. jintampa says:

    what if you have a mortgage on your home?

    • horse237 says:

      I can’t say what will happen to a mortgage. In countries with high inflation they usually add 30% to your outstanding debt if the inflation is 30%. This bad because income taxes are usually not adjusted for inflation. And it harms severely people who lose their jobs or retire.

  4. jintampa says:

    how about the usa

  5. trugreen1 says:

    Rebel, so many of your observations are correct, particularly regarding money creation by way of
    debt and your realization that the interest paid to the debt holders is completely unearned
    and in fact the world’s greatest ongoing Ponzi scheme, I’m perplexed that you think a military
    coup could possibly solve the problem. Are you aware that the late Senator Inouye let it slip
    that America has two military entities? Have you read the Kay Grigg’s interview in which she
    recounts the sinister aspects of the United States military? Are you aware of the atrocities that
    always seem accompany the American war machine. Have you studied how the Russian
    military solved the autocracy problem of Russia? I could continue indefinitely with evidence
    that a military coup in America would only make matters worse, particularly because most Americans don’t have a clue why their country is so many trillions of dollars in debt, and wouldn’t
    understand the need for a military coup.

    Truman Green
    Surrey BC
    Canada

    • horse237 says:

      Yes. I am aware of the military’s role in transporting illegal drugs and killing living witnesses.
      But there are junior officers who do not like this part of their government. And they do oppose the wars that have been getting them killed. And they have seen the flights taking weapons to ISIS. American politics is hopeless. Rand Paul recently came out for the TPP treaty which would end American Sovereignty. The Pentagon has a consultant who has been telling them what will happen when the Dollar Dies. Jim Rickards has been saying 25 years to recover. That is Gibberish. A Depression can be ended with Debt Cancellation in 90 days. That will require us to arrest the Bankers and to seize their assets. That will put us in a Death Match with the Bankers. We do not have to kill them all. We can stop shooting if they surrender. The alternative is that we let Wall Street kill Americans by the tens of millions first with starvation and then with plagues.

  6. By Anna von Reitz

    The Uniform Commercial Code was invented by the Roman Curia as a special law form to expedite claims resulting from the bankruptcy of the G-5 nations declared at the Geneva Conventions of 1930. It is our means to claim back any and all expenses against the rats in behalf of our real “States” and us, the living inhabitants thereof. http://mainerepublicemailalert.com/2014/07/26/for-a-deeper-understanding-by-anna/
    AND
    http://mainerepublicemailalert.com/2015/01/29/an-update-by-anna-von-reitz/

  7. Pingback: So China Is In On The WW III Scam But Our Deaths Will Be Real? | Video Rebel’s Blog | Tales from the Conspiratum

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