Who Actually Owns ‘Our’ Money?

banks photo

 “You never change things by fighting the existing reality.  To change something, build a new model that makes the existing model obsolete.” – Richard Buckminster Fuller  

In a piece last week http://www.globalmagnacarta.org/wp-admin/post.php?post=631&action=edit

I alluded to the ‘farcical’ nature of our money, as the taxes we pay are now used to compensate us when the banks steal our money . . . We seem to be paying for everything!!! As I pondered this the penny suddenly dropped.

(I know, I know. Not the brightest in the chandelier but I get there eventually!)

I was explaining how the next collapse will see the banks convert, not our taxes this time but our savings, current accounts and investments into their assets. “But they can’t do that” I hear you say, “It’s OUR money!!!”

Ah! No! Sadly it isn’t . . . It’s theirs! They print it (out of thin air) and then distribute it as 97% of the world’s currencies, charging us compound interest for its use (In Greece’s case at 18%). Every note, coin and digital statement in our pockets, purses, wallets and bank accounts is their property, we are merely borrowing it.

As their property, they can do with it whatever they like and that is precisely what they do. Before the penny dropped I wrote on a number of occasions about 2008 being the greatest financial heist in the history of our species. Sadly I have been misleading you and doing an injustice to the banks. As it’s their money no theft occurred!

All they did was move their money from our ‘taxes pot’ to their seriously broken ‘banking pot’ to repair the damage they had done with all of their sub-prime mortgage/odious debt lending. In taking it out of our ‘taxes pot’ this then left governments without any money to run their countries and so they had to borrow from the banks, something many couldn’t afford.

Therefore the banks insisted governments applied ‘Austerity’ measures, to meet these new debt commitments, which provided them with the excuse to take what isn’t theirs, namely our national assets. They can do all of this because they own and control the global supply of money, which they can hand out or take back whenever they choose and currently there is nothing our governments seem to want to do about it.

When the next collapse occurs they will move their money from our bank accounts into their own bank account, thereby making them solvent again and removing another vast chunk of money out of Society. In Europe the appropriate legislation has already been enacted to make it all appear legal to us, when in fact they don’t really need these cosmetics . . . because it’s all their money. (Just making the point again!)

The widening gap between the rich and poor is because the banks are now choosing to put their money, by the trillion, in the hands of their mates – the global corporations. They are not putting it with the people, who could start the economy growing again, because they choose not to.

Our enslavement by debt is, I believe, the means by which they are hardening their already extensive hold over a now very shaky global financial system that is riddled with Odious debt. (It may also help suppress our growing liberation by the internet.)

It is difficult to find alternative reasons, as I watch the tyrannical ferocity of their demands for the total capitulation of the financially insignificant country of Greece. The world is coming to recognise that this is not responsible banking practice but intimidation in its rawest form, designed to send out a clear message that nobody stands up to the banks.

And from both political and financial perspectives this treatment gets a lot worse. Not only are they destroying democracy, by putting unelected representatives in to run the country but also destroying it with debt. Demanding Greece now takes a new ‘credit card’ with a higher credit limit, to be used specifically to pay off the ‘credit card’ previously issued to them, (and invest little of it in the country), is simply repaying Odious debt with more Odious debt!

Over the years I have read a number of purported conspiracy theories, which to date I have taken with a pinch of salt. These theories suggest that all of the American Presidents who have been assassinated, from Abraham Lincoln to John F Kennedy, had one thing in common. They were all committed to taking away from private banks the issue of the country’s currency and returning it, many would argue rightfully, to a government run Public Banking system that would be of far greater benefit to the people and the economy.

As I ponder this and the mystery that still surrounds the death of JFK, I begin to wonder about these supposed conspiracy theories. Is it possible that what to me was previously ‘farcical’ is indeed lacking in any humour whatsoever?

 

Until the next time.

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes