The depth of your insight into this problem and its solution seems so unique I’m taking the liberty to rearrange the order of your sentences (adding a solitary editorial comment) in your invaluable comment delineating the hows and whys of the necessary action:

Once a problem has been identified, then solutions can be formulated.

It all begins and ends with the money. Money is part of the law, and a law change is required. Unfortunately, the bad guys captured Congress, so maybe the tree of liberty is due watering.

#redeploy/destroyShabbatGoy

A sovereign money system is required to fund removal of the bad guys, to expel them from consensual civilization.

Our hostile elite …. steal life energy and industry from laboring populations.

They use various (((finance))) schemes…(as)…usurers, rent seekers, and…become finance oligarchy.

Turnabout is fair play. They gamed our money to acquire status, and money system can be used to expel them.

You are right, we can no longer tolerate them. The kind way to do it is to pay them to leave, while we work in future to rid ourselves of said parasites in the now; otherwise the future will scream down through the ages at our generation.

(Credit has future attributes, so you issue a form of credit for expulsion, thus improving the future.)

Of course there are shabby goys in alignment with the tribe, and not all tribesters are part of the con. It is the case though, that tribesters are over-represented as agents of mammon.

Balance comes from a dynamic equality in the correlation of forces on each side: an arms race.

That certainly can be one aspect of it. Another would be an equality in the ability to mobilize capital; a capital race.

… and if you learned economics in college, you were hoaxed.

I took a grand total of 3 Econ courses in college and aside from sensing that I was being hoaxed, I was bored beyond description. All the economics I know comes from being a cheapskate, a master detector of bullshit, and experience with “street” economics. The basics are easy to understand, and guys like you and Hudson make the intricacies understandable, so thanks.

As much as I loathe the usurers, I have to admre their persistence and thoroughness. Those cats have every angle covered.

Thank you Sally. I always wondered about what went on in Thessaloniki back then but never had time to get into it. I suspect that your explanation does a good job of covering it.

Do you write columns?

You write some terrific stuff!

The money lender offers usurious terms as (((he)) knows that she cannot pay back said loan. Within a short time, the widow is out on the streets along with her children.

That’s essentially what happened to Greece and a lot of other small countries, yet the victims get the blame. They even know that they’re getting stuck with even more debt, and try to vote in decent governments, but they are invariably betrayed.

Under Robert Morgenthau’s reign over New York court, lawsuits were brought against international corporations and banks for the crime of doing business with Iran, in violation of sanctions and policies created by (Jewish) Stuart Levey in the US Treasury Department.

Who’da guessed?

I guess Iran won’t be completely crushed until that gravy train runs out of steam.

Thanks for the insights!

Also, if you are an individualist (as most white men are), then wake up and notice that “group dynamics” will beat individualism every time.

EXACTLY THE HEART OF OUR DILEMMA!

It’s the white man’s individualism (evolved probably from individual free choice in wife selection as far back as history records) which enables his unique/unparalleled sense of curiosity that fuels his adventuresomeness driven by his irrepressible desire to know/find out, then to have the freedom via the individualist culture of his people to go off on his own adventuring to learn/discover.

So like the “Winkelvi” twins we innovate/build but are left ISOLATED against the tribe of thieving Jews enabled by our Sanhedrin Jewdiciary to suffer severe repercussions including loss of family via Bolshevik (((Jo)))o-Fault Divorce laws for daring to strive beyond the role of wage slave.

true, true, true, but also let us not forget the plan for the Bolshevick revolution started before the first Zionist 1897 congress in Switzerland.. (but was plan b in the object of the congress to acquire for the banksters nation state power somewhere in the world ); when at Salonika, the Bankster attempt to defeat the Ottomans and take their oil happened, and the Ottoman burned them out (half to NYC and half to St. Petersburg Russia went the whole clan) plan B was pressed into place<=that plan was to activate the Jews in the East into a weapon, called immigration, and to mount an invasion into Palestine, the place chosen because that was where all of the oil was at.. .. The half at NYC changed the voting majority in NYC and produced a congress and president that forced America into WWI two treaties, one the same year as the Zionist congress 1897 (France w/Russia) and the 2nd, the next year (France and UK with USA) both kept secret. Each reported on by Professor Roland Greene Usher in his 1913 book Pan Germanism and by Kaiser Willam II himself in his book "MY Memmoirs, 1878-1918 published in 1922.. The whole thing was the result of planning that resulted in coordinated manipulation.

The attempts to create an African currency linked to gold had sealed Gaddafi’s fate.
By the way, do you know where is Libyan gold?

A trading gold standard works pretty well.

Trading gold standard forces trading nations to adjust their exchange rate if goods flow becomes UNBALANCED. There is that word again.

In other words, gold flows move to re-mediate imbalance.

Example: China is mercantile, which means they sell more goods than they buy. America is in trade deficit to China. The imbalance is made up by America losing its Gold. The loss of Gold then triggers a dollar exchange rate adjustment. The dollar is made weaker to then make American goods cheaper as viewed from China. This then stimulates the buying of American goods to return gold back to America.

The trading gold standard isn’t money, but it is a mechanism for settling trade. The trading gold standard was killed by Nixon/Kissinger, and Hudson’s book “Super Imperialism” discusses the ramifications.

Keyne’s Bancor system at Bretton Woods was thwarted by the (((usual))) crowd including Dexter White and Henry Morgenthau.

Why did our dual shitizen friends push for the trading gold standard instead of Bancor? Oops sorry, the dual citizen schtick came in the 60’s due to maneuvering congress. Maybe because of the tribe’s “hoards” of gold stored and held from previous centuries of pillage?

In case of Africa, said African’s would have been able to get a better exchange rate deal on their minerals and resources with a gold trading standard. Internal currencies of African countries would have been linked to gold, thus stabilizing African economies.

Gold Dinar scheme would have been dangerous to the Petrodollar/TBill international banking cabal as it is now constituted. Why? Because other Muslim nations of the mid east would soon convert as well, and the 1973 Kissinger/Saudi agreement to price oil in dollars would fail.

Hudson has to avoid touching the third rail and hence ignores malefactors like White and Morgantheau. You dare not speak (((their))) name in academia.

Gaddafi impoverished his people? — This is a nice propaganda line from Obama-Clinton State Dept., which is easy to expose: https//borgenproject.org/tag/muammar-gaddafi/

Gaddafi’s regime upheld one of the more comprehensive and effective health care systems in the Arab World. Funded by oil exports, the government offered free, quality health care to all citizens. Although the conflict has destroyed much of Libya’s infrastructure, remnants of Gaddafi’s health care system are still present today.

The biggest hindrance to improving Libya’s life expectancy is the civil war [initiated by the EU / NATO]. The WHO estimates that 1.2 million people are suffering from food insecurity as a result of the conflict and more than 650,000 have unreliable access to safe drinking water and sanitation. Roughly 30,000 people have suffered from conflict-related injuries …

The conflict has devastated much of Libya’s once-flourishing health care system…

“Libya: Ten things about Gaddafi they don’t want you to know:” https://www.globalresearch.ca/libya-ten-things-about-gaddafi-they-dont-want-you-to-know/5414289

1. [Under Gaffafi] in Libya a home was considered a natural human right
2. Education and medical treatment were free. … if a Libyan citizen could not access the desired educational course or correct medical treatment in Libya they were funded to go abroad.
3. Gaddafi government carried out the world’s largest irrigation project.
4. If any Libyan wanted to start a farm they were given a house, farmland and livestock and seeds all free of charge.
5. When a Libyan woman gave birth she was given $5000 for herself and the child.
6. Electricity was free
7. During Gaddafi’s reign the price of petrol in Libya was $0.14 per litre.
8. Before Gaddafi only 25% of Libyans were literate. This figure was brought up to 87% with 25% earning university degrees.
9. Libya had its own State bank, which provided loans to citizens at zero percent interest by law and they had no external debt.
10. Before the fall of Tripoli and his untimely demise, Gaddafi was trying to introduce a single African currency linked to gold.

The attempts to create an African currency linked to gold had sealed Gaddafi’s fate.
By the way, do you know where is Libyan gold?

“Libya: From Africa’s richest state under Gaddafi, to failed state after NATO intervention:” https://www.globalresearch.ca/libya-from-africas-richest-state-under-gaddafi-to-failed-state-after-nato-intervention/5408740

Clear illustration of why we can no longer tolerate our (((hostile elite))):

Turnabout is fair play. They gamed our money to acquire status, and money system can be used to expel them.

Our hostile elite are usurers, rent seekers, and have become finance oligarchy.

They use various rent schemes to steal life energy and industry from laboring populations.

Of course there are shabby goys in alignment with the tribe, and not all tribesters are part of the con. It is the case though, that tribesters are over-represented as agents of mammon.

A sovereign money system is required to fund removal of the bad guys, to expel them from consensual civilization.

You are right, we can no longer tolerate them. The kind way to do it is to pay them to leave, while we work in future to rid ourselves of said parasites in the now; otherwise the future will scream down through the ages at our generation.

(Credit has future attributes, so you issue a form of credit for expulsion, thus improving the future.)

It all begins and ends with the money. Money is part of the law, and a law change is required. Unfortunately, the bad guys captured Congress, so maybe the tree of liberty is due watering.

Once a problem has been identified, then solutions can be formulated.

http://www.sovereignmoney.eu

See post 139 by SolontoCroesus and post 145 by J. Alfred Powell. The sub-humanness was familial.

Note that Morgenthau Jr. was quick to demand reparations from the bombed and bloodless Germany. Compare his “righteousness” with the current tragic situation in the Middle East (in which Morgenthau Sr. was directly implicated). Compare the ignominy of the Jewish State behavior towards the native Palestinians with the still-running farcical and profitable schema of holohoax “survivors.” The Jewish State and Israel-supporting Jewish “diaspora” have lost any vestiges of moral ground. It’s tragic that a tribe that aspired to have nationhood, ended up with a reputation of a cynical, subversive, and heartless entity. There are many great individuals among Jewish people, but they are swamped by the obnoxious supremacist lot unable to respect and feel for “others.”

Absolutely outstanding!

Thank you Bonnie for asking the perfect questions and thank you Michael for your ever incisive and brilliantly clear answers. Together this interview is the perfect Predatory Economics 101 for ordinary people, i.e. the Bonnie & Michael course 😉

I write this from Athens Greece in 2019, 3 days after our US educated (Harvard & Stanford) oligarchical class has just been voted back into power with a parliamentary majority in bone-headed but fully deserved reaction to Tsipras the fake left traitor. Very sad and very silly since Greece is a 100% captive colony of EU / Washington. The only upside is that with the Trotskyists out Greeks will be able to keep our icons and our Orthodoxy, something we shall need more than ever.

Clear explanation of mono-ethnic system (Jews, Arabs, don’t impose usury on co-ethnics) of benevolence vs. exploitive multi-cult inter-ethnic lending:

For example, if you were going on a fishing expedition then the creditor (who loans the money) would have skin in the game, while debtor would also have skin in the game. If the ship came back with a large catch of fish, then both creditor and debtor would split their gains in accordance with preset conditions. If the ship came back with no catch, then once again, both parties would lose accordingly.

In today’s world, if debtor does not catch fish, then he has to give up his boat to the bank. Said boat is probably attached to the ledger as collateral. It is a heads I win tails you lose proposition, and hence is out of balance.

Clear illustration of why we can no longer tolerate our (((hostile elite))):

Another example: A widow is made as her husband dies. She then tries to take a loan against her house. The money lender offers usurious terms as (((he)) knows that she cannot pay back said loan. Within a short time, the widow is out on the streets along with her children. The usurer is sitting fat and happy having done little actual work to gain said home as his asset.

You can argue that the widow should have known better, but that is not how a “king” would see things. The king would see the ignorant and vulnerable being taken advantage of by sharks.

In this case, the loan would NOT have been allowed. The greater good would be the widow keeping her home and her child clothed and housed. Venice, for a time, kept things in balance.

It’s not a coincidence that Gold, the ultimate “precious” resource of the Usurer, makes it’s first appearance immediately prior to this in chapter 2 of Genesis.

Trial, you are really going to trigger some people. Enjoyed your comment.

Silvio Gesell noted the usurious relation of gold. He called it a power relation, and I agree with his definition.

Usury is a power relation where somebody is taking something for nothing. I consider Rent’s as part of the same thing, where a rent seeker is also taking something for nothing.

In the case of gold, it does not rust or go bad. Gold as money exchanges for rusting and degrading goods. For example, you are selling your goods and wares – say milk and eggs: A depression occurs, and this happens regularly with gold as money. The holder of the gold coin can then retreat and wait for seller of wares to lower prices. Gold holder can wait an infinite amount of time as his coin stays shiny and does not rust. Meanwhile the perishable wares are going bad, and the seller is desperate, and will take the lowest price, even maybe to the point of giving said goods away.

The protocols say that gold has been very good to them.

Money’s true nature is law, and the role of money is to divide down at the moment of transaction. This division allows commerce to become lubricated and easier. People that want to store money as wealth are confused. Get out of money and buy a weight of gold as an asset, or buy a painting, or buy a business. If somebody shills for making gold as money, that is the forcing of the King to stamp the gold coin with King’s stamp of law, they are confused. The bad guys want gold as money so they can go back to their old con games.

The (((goldmen))) noticed they could ride their credit on top of gold, and they took gains on their credit. Creating money from nothing is pretty close to alchemy, as you can then demand goods and service from the “animals,” while doing nothing.

Taking something for nothing.

Gaddafi came into power as preaching all that stuff and he practiced it too for quite a long while, but human nature–especially men’s nature–being what it is, anti-capitalism in a poor country is just a way to establish oneself as leader, get ahold of resources, and use them to have a lot of women, meanwhile dominating the hapless majority with military force.

I don’t ascribe to your worldview, things aren’t that simple.

Gaddafi forced a bunch of tribalists to get along. Otherwise Libya would never be a unified state that could stand for its own interests. Is Libya better off today without him, now that it is has been invaded and forced to become part of globo-homo world government? The first thing the “rebels” did when invading Libya, was to install a wall street bank, and of course later Libya’s gold was stolen.

Mao, Castro and Gaddafi turned their respective countries into dictatorship that rejected international capitalism, yet impoverished the people.

International capitalism is finance capitalism and globo homo. If you read my comments, you will know that I am for INDUSTRIAL CAPITALISM. International Capitalism is rule by banksters who take usury on populations. They move their capital about to find out sized gains, and then they import peoples from the third world to take wage arbitrage on their life energy. The world is rejecting globo homo finance “international” capitalism.

Generally people that are caught up in false dialectics have a two pole world view. Capitalism good and strong men bad is your worldview. What kind of strong men? What kind of capitalism?

It actually depends on the strong man.. Russia nearly self destructed in the 90’s under turbo finance capitalism, where (((Oligarchy))) took what it wanted at the people’s expense. Under strong man Putin, Russia is doing much better.

Sorry if facts are inconvenient. Everybody should let reality and data inform their worldview and don’t become that dupe who is hoaxed by Teevee or false narrative dialectics. Go with what your eyes see, and use your brain. God gave you the ability to discern, use it.

One different analysis of the Federal Reserve that ends with the question of what happens to money that seems to mysteriously disappear from identified accounts maintained by the FRBNY is at https://thedailycoin.org/2018/08/16/a-look-at-the-federal-reserve-through-a-different-lens/

Gaddafi came into power as preaching all that stuff and he practiced it too for quite a long while, but human nature–especially men’s nature–being what it is, anti-capitalism in a poor country is just a way to establish oneself as leader, get ahold of resources, and use them to have a lot of women, meanwhile dominating the hapless majority with military force. Mao, Castro and Gaddafi turned their respective countries into dictatorship that rejected international capitalism, yet impoverished the people. It also enabled them to have the most beautiful young women in the country, multiple ones a day. We are an alliance of genes that make do stuff like claim to be altruistic all the better to reproduce them, as individuals we join groups to help us with the aforementioned stuff and those groups make up nation states. Genes are, like classes and nation states, in a state of permanent rivalry and that conflict is fruitful.

Donald Trump is an example of the way capitalism draws on the most dynamic ambitious men (sharks) to build a strong economy through business rather than the military and politics. He got to be rich and have lots of women before he became leader of his country. The “men without chests” of the outsourcing elite were overthrown by Trump who having already satisfied all the appetites that politics is usually a means to an end for, simply wanted to give vent to his open ‘megalothymia’ which is a lust to dominate in the most ostentatious and spectacular ways possible. But his swashbuckling willingness to take the risk of betraying his class enabled Trump to take up the cause of the little people and bulldoze his way to a position that no one (except Francis Fukuyama) ever dreamt he could occupy.

Hudson complains that the US under Trump is not playing fair with China and the class war within America is the real conflict. It is real enough but winning it his way would entail a free and fair economic competition with China, which is one America might well not win. Hudson is an internationalist, never forget how he sees counties as something imposed by the ruling class and always led for it’s benefit. Trump is not explicable in that framework. It is not the US government , but individual like Paul Singer who buy sovereign bonds cheap, then dun countries for debts they thought they had got away with. Singer and his fellow vulture capitalists are also responsible for the lack of improvement in pay and conditions by making shareholding value the objective.

The fact is Saddam Hussein’s Iraq took out massive loans, and once America had overthrown the regime of Saddam Hussein in Iraq, the US then tried to get those debts forgiven by Iraq’s creditors which included America itself. In the end the loans to Iraq were repaid at a reduced rate and mainly in bonds rather than cash. Even though America insisted Iraq’s loans were ‘odious debt’ in the end Iraq paid them off–sort of–and restored their credit. Hence Iraq has access to capital to rebuild their country and there is a democracy there. The people simply cannot remove people like Saddam, who initially appear as wanting only to introduce an egalitarian system. You ask the average Syrian if the Assad Alawite regieme which came to a position of power because it seemed to be from a sect to0 small for dominance can be removed without US help. So there has to be war and a lot of people killed in a country and US invasion, for that country to throw off a tyrant and his odious debt.

Henry Morgenthau as U.S. Ambassador at Istambul was also the probable source of a false report of a German “war council” supposedly convened by the Kaiser (it wasn’t) a week before commencement of hostilities, which was used as part of the propaganda claiming that Germany started the First World War — it didn’t; Russia did, instigated by France, whose financiers were very heavily invested in the czarist regime. See Harry Elmer Barnes, The Genesis of the Great War, on these facts.

Credit and Debt then begin to diverge with time, where debt instrument can begin to make outrageous usurious claims

The Truth in Money Book by Thoren & Warner sums this up neatly in the DUM Equation:

Debt = Usury + Money

where Usury (U) is the difference between the Monetized Debt (M = the Money Supply) & the Total Debt (D). In other words, the Usury component of the formula is the “unmonetized” portion of the total debt. Or to put it another way, there is not enough money in circulation to service the debt (only the principal is lent into circulation) w/o creating more debt to service the old debt. As the Usury component of the Total Debt overwhelms the Money Supply, the system grows increasingly insolvent until the bubble bursts when the bankers contract the money supply (or its rate of growth) before the system collapses entirely. This leads to the inscrutable business cycle (the Debt Expansion & the Debt Contraction) which you won’t find explained in economic textbooks.

Murray Rothbard called the whole scam (Fractional Reserve Banking) a Ponzi scheme, but this privatized debt-based money creation is more accurately called USURY (the Original Fraud), which has been condemned since time immemorial. For the curious, an excellent definition of Usury can be found on pp. 89-90 of The Truth in Money Book. You might even find the book in your local library, as I did.

It cannot be overemphasized that this demonic system is NOT Capitalism but MAMMONISM!!, and it is only as the Usury (U) component of the formula above overwhelms the Money Supply (M) that Capitalism no longer functions organically and the Mammonic component (U) of the equation parasitizes the whole productive side of the economy. Is it any wonder that the economists (minions of Mammon) eschew all discussion of this phenomenon!? As Christ said, “Ye cannot serve God and mammon.”

How does the Money Power keep this mammonic system going? They search the world for new “solvent” debtors (new markets), who don’t stay solvent for long, to inject more money into circulation (after all, money only comes into circulation as debt to the bankers) and for new sources of cheap labor to generate the cash flow to service the debt. Ultimately, the Usury payments to the bankers (Usury not interest) must come out of the hide of labor, so the money power works indefatigably to drive wages toward a subsistence level.

The Money Power also is waging the same war against the U.S. by opening up the borders to limitless immigration, dramatically transforming the nation’s demographics to a non-White proletariat, and justifying the whole racket post hoc with fraudulent arguments about the virtues of Multi-Culturalism & the evils of White Racism. As the West is being eviscerated, it’s not hard to see that the Money Question lies at the heart of the Civilization Question.

Now a lot more could be said about the connection between international trade and foreign loans, but suffice it to say that much of the trade is debt-induced, and has little or nothing to do with “comparative advantage.” The “law” of comparative advantage (authored by the Jewish stockbroker David Ricardo) was designed to justify the bankers’ avarice, and has little relevance in the real world. In like manner, the “labor theory of value” was designed to falsely justify gold as universal money. As Stephen Zarlenga said in The Lost Science of Money, “…economists serve an evil deity and the fruits of their theories grow monotonously bitter.”

Note Zarlenga’s felicitous allusion to the Garden of Eden, where Satan jealously guarded his Monetary Law (Usury) from the innocent eyes of Adam & Eve, and replaced the Tree of Life with his Tree of Death (the fruits of Usury for the Chosen Few). It’s not a coincidence that Gold, the ultimate “precious” resource of the Usurer, makes it’s first appearance immediately prior to this in chapter 2 of Genesis. This is a story for another day.

Morgenthau was born into a prominent Jewish family in New York City.

Good on you Annamaria – that sounded like a slap in the face of the strawman.

Civilization is a collection of laws and norms, it is not nature.

Balance is something we create. Jubilees are a way of creating balance, as debts will grow outside of nature.

Also, land and production is usually claimed in 50 year cycles. You can overlay statistics on M1, M2 (easily accessed money) vs commodity prices.

Commodity prices fall low when M1,M2 drop low. This is a time of destitution, and war tends to break out. People are not borrowing money into existence, oftentimes because land has already been grabbed.

When money becomes available, then it is a peaceful time of expansion with growing money supply and commodity price increases.

Ancient Venice, before our (((friends))) were invited in, would examine creditor and debtor relations BEFORE a deal was made.

For example, if you were going on a fishing expedition then the creditor (who loans the money) would have skin in the game, while debtor would also have skin in the game. If the ship came back with a large catch of fish, then both creditor and debtor would split their gains in accordance with preset conditions. If the ship came back with no catch, then once again, both parties would lose accordingly.

In today’s world, if debtor does not catch fish, then he has to give up his boat to the bank. Said boat is probably attached to the ledger as collateral. It is a heads I win tails you lose proposition, and hence is out of balance.

Another example: A widow is made as her husband dies. She then tries to take a loan against her house. The money lender offers usurious terms as (((he)) knows that she cannot pay back said loan. Within a short time, the widow is out on the streets along with her children. The usurer is sitting fat and happy having done little actual work to gain said home as his asset.

You can argue that the widow should have known better, but that is not how a “king” would see things. The king would see the ignorant and vulnerable being taken advantage of by sharks.

In this case, the loan would NOT have been allowed. The greater good would be the widow keeping her home and her child clothed and housed. Venice, for a time, kept things in balance.

Balance comes from a dynamic equality in the correlation of forces on each side: an arms race.

The only way to get debt forgiven is to get conquered by America as happened with Cuba.

Perhaps you would agree that Qantitative Easing has been a sophisticated equivalent on a large scale to your debt free money from donors/issuers as I have understood it.

A double entry ledger is a bit mind twisting, but modern money mechanics cannot be understood absent the ledger.

QE is the importation of a finance “asset” into FED’s ledger. After this asset is attached to the ledger, the FED can then issue a liability.

Double entry ledgers always have assets and liabilities, they are the “double.” These two things offset each other mathematically … supposedly, but that is a lie. The assets and liabilities grow differently over time. The ledger doesn’t comprehend time… but I am getting off track.

Imagine this: 1) FED imports TBills from its member banks. 2) TBill is attached to FED ledger as an asset to the FED. 3) Fed issues its liabilities in the form of new Federal Reserve Notes FRN’s. 4) FRN’s move to the member bank that lost its TBill.

What happens at the member bank?: Member bank looses an asset TBill, and gains an asset FRN’s.

This swapping of assets at member bank is something like you swapping money from savings account to your checking account.

Your net position does not change. Private bank’s net position did not change.

QE is not money printing, it is a double entry swapping operation.

FED’s ledger expanded, and Banks ledger changed composition.

This composition change has knock on effect in the economy:

1) TBill prices are held high as FED money is chasing said TBills.
2) T Bill price high means dollar exchange rate is held high.
3) TBill price high means interest rates low.

The point of QE was manifold: a) make interest rates low, so YOU will go to a private bank and take out a new loan, maybe refinance your mortgage. b) Swap bad finance paper like MBS for FED cash, thus propping up banks bad debts on fraudulent MBS.

Virtually all money in the supply is BANK CREDIT created at moment of hypothecation. The FED is a creation of the private banking system, as FED is used to backstop private banks. The FED is not the dog, it is the tail on the dog.

So, if you want to fill up your money supply with something other than bank credit, then it has to be done outside of private bank double entry mechanics.

This outside is exogenous (meaning outside of the system) and it is money printed up without an attached debt instrument, hence the term “debt free.”

Bankster’s don’t like debt free in the supply, because it makes their debt instruments decrement, and hence is a form of jubilee.

Private corporate banking business model is to create debt instruments, and then take fees and interest as profits. Interest on a house over 30 years, can double or triple the principle.

(I try to keep my comments sort, but this is a complicated subject, and if you learned economics in college, you were hoaxed.)

Think of it this way, if you had magic glasses, when you viewed debt free notes, they would have a different color than bank credit notes. Debt Free notes have to be recalled in taxes, or they are recalled to a banker ledger as a doppelganger for bank credit.

Remember this always: Bank credit is created from nothing and returns to nothing. Credit and the debt instrument disappear when principle is fully paid down.

Henry M. SENIOR was ambassador to Ottoman Empire at the same time that Baron Rothschild and Chaim Weizmann were working on Alfred Balfour to sign over Palestine to Jews.

Henry Morgenthau April 26, 1856 – November 25, 1946) . . .United States ambassador, most famous as the American ambassador to the Ottoman Empire during the First World War. As ambassador to the Ottoman Empire, Morgenthau has come to be identified as the most prominent American to speak about the Armenian Genocide. [that was perpetrated by crypto-Jew Turks]

Morgenthau was the father of the politician Henry Morgenthau Jr. His grandchildren included Robert M. Morgenthau, District Attorney of Manhattan for 35 years

Under Robert Morgenthau’s reign over New York court, lawsuits were brought against international corporations and banks for the crime of doing business with Iran, in violation of sanctions and policies created by (Jewish) Stuart Levey in the US Treasury Department.

Those sanctions and the Office of Terror Finance that Levey created were in furtherance of the numerous rounds of sanctions imposed on Iran, beginning most notably in 1995, when Bill Clinton signed an Executive Order prohibiting trade with Iran.
According to former AIPAC official Keith Weissman, AIPAC wrote that executive order as well as the subsequent legislation, the D’Amato Amendment / Libya – Iran Sanctions bill.

Other than those tiny little coincidences, though, Jews have had no influence over financial dealings of the USA.
To say otherwise is, you know, antisemitic.

The economies of the societies of ancient Mesopotamia were not, as you claim, “balanced.” They repeatedly devolved into debt peonage, sometimes to be rescued by Jubilees (debt forgiveness), sometimes to be subverted instead by wars of conquest and war debts

Yes, this forum doesn’t lend itself to book-like long explanations. Also, people won’t read very long, especially the latest generation reared on video.

The principle is that if you are balanced in all things then this balance removes a lot of the impetus for war and other extremes. All of human history is messy due to human animals, even my favorite example of Hungary had episodes that weren’t so pretty.

It is on us to figure out what our ancestors did wrong, and what we are doing wrong, and Hudson is doing us a signal service in that regard.

The ancient society that was balanced and stable — the only one — and that pursued balance and stability (rather than “growth” etc.) as a matter of policy, was Egypt, which was a theocratic kingdom, comprising a vast peasantry whose harvests were concentrated under the management of the pharoahs, and a small priesthood to manage it.

Nice comment, and I would like to add:

Egypt used a demurrage system for their money. Shards of clay had numbers written on them, and the numbers represented grain in the silo.

As mice and rats ate the grain, the numbers on the clay shards would decrement. The money wasn’t allowed to expand unnaturally.

For external trade outside of Egypt’s borders, they used gold hoops. These hoops would also be worn as Jewelry.

Egypt’s money was kept in balance with goods, and in this case goods were dominated by grain.

I would like to have been a fly on the wall and observe how our (((friends))) managed to take control of Egyptian grain – if that bible story is true.

Morgenthau’s memorandum: https://en.wikipedia.org/wiki/Morgenthau_Plan

Partitioning of Germany.

Poland should get that part of East Prussia which does not go to the USSR and the southern portion of Silesia…

France should get the Saar and the adjacent territories bounded by the Rhine and the Moselle rivers.

International zone should be created containing the Ruhr and the surrounding industrial areas.

The remaining portion of Germany should be divided into two autonomous, independent states, (1) a South German state comprising Bavaria, Württemberg, Baden and some smaller areas and (2) a North German state comprising a large part of the old state of Prussia, Saxony, Thuringia and several smaller states. …

The military forces immediately upon entry into the area shall destroy all plants and equipment which cannot be removed.

All plants and equipment not removed within a stated period of time, say 6 months, will be completely destroyed or reduced to scrap…

All people within the area should be made to understand that this area will not again be allowed to become an industrial area.

Sounds like veritable genocidal policies. And who was this subhuman and major war criminal? https://encyclopedia.ushmm.org/content/en/article/henry-morgenthau

Morgenthau was born into a prominent Jewish family in New York City.

But they cooperate within their own hive or pack all the better to fight against other hives or packs.

For the most part, true but not invariably so.

What would we think of a pack of wolves that decided to eliminate conflict domestically and/or externally?

While I’m not a wolf ethologist, I understand that such things, in fact, happen at times and though the decision may be an individual one and not the pack’s per se, sometimes the results are deadly.

But never mind, G-d luvs us all…! 😉

The world — meaning Nature — IS a “mutual aid society” — this is a fundamental fact of ecology — and, WE’RE IN IT.

Obviously it’s just as often a “mutual destruction society” as well. Nature abhors vacuums and vacuums represent imbalances. Too bad Mom Nature sometimes takes her sweet time in restoring the balance or maybe she asks, “what’s the hurry,” since chaos will eventually and invariably upset the whole thing anyway.

Also, if you are an individualist (as most white men are), then wake up and notice that “group dynamics” will beat individualism every time.

It is the case that in-groups will form, that monopolists and self serving types will band together to then usurp government. They will try to change government to feather bed their interests, often at the expense of the general population.

True and true.

They not only try but all to often succeed in changing the rules to favor their interests and then their power tends to increase like the proverbial snowball rolling downhill and then the fun begins.

“Deep thinkers” then scapegoat capitalism and imagine that the cure is some other form of tyranny, “benevolent,” of course.

Pretty good comment there, but at least one of your scapegoats is not a scapegoat and capitalism is neither good nor bad. It’s merely a tool and a useful one at that, but then enter “bad” actors, crackpots mostly.

Same goes for communism. Just a tool and can be employed for good or evil or more likely both in varying degrees depending on the actors. Like MEOFBILLS (I think it was), we have to stop thinking in dichotomies if we want to progress or even begin to understand what’s going on.

So it makes very little difference if Jews control everything or monopoly state capitalists or whatever, you will get wars when a country miscalculates or when or correctly calculates war is the least bad option for it.

The first point is true and the second part is true but only partially. Your claim assumes that the entities in question act rationally, when in fact, they do not always. In other word, wars are without a doubt often caused by crazies acting in ways that suit them. Rational people may start wars for “practical” reasons, but it seems clear that paranoids, pleonectics, and psychopaths abound in positions of power and they start wars for irrational reasons.

The Boltons, Cheneys, McCains, Hillarys, tRumps and Netanyahoos of the world are prime examples of those irrational actors who’re keys in agitating for war. As long as we allow crackpots in positions of power we’ll never have peace or freedom.

A big reason why Jews are in the news is because many currently occupy positions of power and many are as crazy as they come. Get rid of them and some other nutcases fill the void. Repeat.

Marxist Jews did not create World Bank and IMF; Henry Morgenthau, JR, and his Communist spy sidekick Harry Dexter White, did:

Having served as head of the Farm Credit Administration in 1933, Henry Morgenthau (1891 – 1967) was appointed Secretary of the Treasury by President Franklin D. Roosevelt in 1934, continuing briefly under President Harry Truman. As Roosevelt’s Secretary, Morgenthau was instrumental in setting up the Works Progress Administration and the Public Works of Art Project in the 1930’s. To finance World War II, Morgenthau initiated an elaborate system of marketing war bonds. He arranged that the Federal Reserve would support Treasury borrowing and would purchase bonds not bought by the public at an agreed rate. The War Bond program raised 49 billion dollars towards the cost of the war.

Morgenthau made his most significant contribution as Chairman of the Bretton Woods Conference in New Hampshire, in 1944. This Conference, the keystone of postwar international finance, established the International Monetary Fund and the International Bank for Reconstruction and Development (World Bank) and pegged all international currencies to the dollar, which was in turn pegged to gold. Morgenthau resigned shortly after the accession of Truman to the Presidency.
https://www.treasury.gov/about/history/pages/hmorgenthaujr.aspx

That’s the same Morgenthau that crafted the plan to starve Germany out of existence in the post-war period. The Morgenthau Plan was implemented for a period of about 3 years.

The economies of the societies of ancient Mesopotamia were not, as you claim, “balanced.” They repeatedly devolved into debt peonage, sometimes to be rescued by Jubilees (debt forgiveness), sometimes to be subverted instead by wars of conquest and war debts. Michael Hudson’s scholarship in this field witnesses these facts.

The ancient society that was balanced and stable — the only one — and that pursued balance and stability (rather than “growth” etc.) as a matter of policy, was Egypt, which was a theocratic kingdom, comprising a vast peasantry whose harvests were concentrated under the management of the pharoahs, and a small priesthood to manage it. Egyptian peasants lived well. They — and not slaves — built the pyramids, which were (whatever else they were) public works projects that worked in the agricultural off-season, provided nice working conditions and paid well.

Usury thrives because it is one of the key forms of “rent seeking” by which the 0.1% oligarchy, the 160,000 families that own 28% of America, acquires and keeps its power.

This oligarchy usurped control of American government by increments from First World War onward and secured a stranglehold on it between 1963 and 1971.

Like mortgages, wages, land rent, property in land, and most other fundamental economic practices of Europe and the Americas, usury originated in ancient Mesopotamia. Michael Hudson is the regnant expert on this subject. His scholarship has totally revamped this field, demolishing numerous myths along the way — e.g. the origin of money in barter, the origin of interest in ‘gift-economies,’ the origin or rates of interest in ideas of return on investment … If he had done nothing else, still his contribution to this field alone is brilliant and permanent

The human species began with egalitarian social structures and economies — the organization of families and extended families, bands, clans, tribes. All over the planet hunter=gatherer societies are still based on mutual aid and non-hierarchical social relations. This structure persists also into small agricultural villages. With larger forms of socio-economic organization, where human and economic relations are no longer all one-on-one, where bullying and fraud and other forms of abuse are all immediate and obvious and dealt with as such by society, forms of covert bullying, especially economic and “political”, begin to emerge and to subvert our human species heritage of egalitarian behaviors.

The science behind these statements is laid out in Christopher Boehm, The Hierarchy In The Forest (1999). It’s a key text to understanding “human nature” and the situation, condition, and problematics facing our species now.

So it makes very little difference if Jews control everything or monopoly state capitalists or whatever, you will get wars when a country miscalculates or when or correctly calculates war is the least bad option for it.

Fair and square, credit where credit is due. I know you have your iron in the fire and so do I, yet I recognize a good sport when I see one.

I’ve repeated endless times that the Jews are not the cause of our ills: we, those who live in the “free world of democratic capitalism” are either the perpetrators or the enablers of the police states we are in, the acquiescent by-standers of state-enforced robbery of the people for the dominant wealthy ruling elite, the foot-soldiers of imperial wars waged in our name to subdue and plunder other peoples. It is our collective crime that we try to conceal from ourselves and project it in others – the Jews, the Huns, the Bolsheviks, the Blacks, or any other convenient scapegoat du jour.

The Jews have become the ugly mug of capitalist states because they are the visible on-your-face portion of it, and many of the Jew-haters direct their ire to them instead of the of the politico-economic system that sustains their power and greed. The Jews did not invent Capitalism, they are the beneficiaries of it because it is the best system from which they can profit (as it was in the Mercantilism age) and they are very proficient at it beating the old industrial tycoon capitalists.

Of course, it helps the Jews when their ideological underpinnings match those of Capitalism: selfishness and greed.

I thank you, and others, who take so much trouble responding. I haven’t had a chance to absorb it all but do want to clear up what you mean by “debt free money”. On the face of it you seem to be saying that there was a body in Canada which could and did, at the direction of government, issue paper that would be universally accepted as legal tender to persons who could spend it but had no obligation to repay it. If that is not right, where is it wrong? If it is right it is obvious that it could not be used in a very big way without devastating effects on the economy and, in easily imaginable circumstances, trust in government. Some exception to those caveats might be made where Keynes’s burying cash and employing people to dig it up would be justified (if you couldn’t eventually arrange a nice full employment war effort).

My first optional economics subject was Currency and Credit but I don’t think I understood till much later, when M1, M2…. M6 were part of the jargon (btw, where are they now?) that most of the gold bugs and anti-Fed fanatics simply failed to recognise how easily and flexibly money could be created in good (enough) times. Whatever enough relevant people trust enough to treat it as negotiable is money. Not that you get the same consumption effects from banks expanding real estate development loans as you do from handing out cash at the welfare centre.

Perhaps you would agree that Qantitative Easing has been a sophisticated equivalent on a large scale to your debt free money from donors/issuers as I have understood it. After all making money available at virtually zero interest until recovery in the value of assets makes it possible for the central bank to be repaid is functionally the same is it not? (And of course invites the question why debt relief was not focused on home buyers with big mortgages and why government didn’t take most of the equity gains in banks and others it bailed out).

Once they quickly establish a hierarchy though dominance interactions, social insects work together. Wolves do too. But they cooperate within their own hive or pack all the better to fight against other hives or packs. What would we think of a pack of wolves that decided to eliminate conflict domestically and/or externally? But of course, the preaching of non aggression is merely another move in a dominance interaction.

That’s guru speak. It should at least get you a gig at anagram, or maybe would have 35 years ago. Still, to take that contribution to dialogue seriously perhaps I should ask whether you wouldn’t adjust your diagnosis if you were looking at a society where legally all businesses were co-operatives whose constituent documents made mutual aid a purpose but operated indistinguishable from the limited companies in the neighbouring polity.

Usury and Rent Seeking abounds because it has become a state sponsored religion.

Sweet.

And it just happened somehow. Magic! Wink, wink! 😉

I’m glad some of you are figuring things out. It makes me smile.

Well, I for one, am so happy that you take the time to comment. So refreshing to have someone of your caliber and knowledge explaining things. Every one of your comments is superb so please continue, and thanks.

Communism was imposed on Russia by the Bolsheviks, and said bolsheviks were installed by their (((cousins))), wall street capital.

I’ve explained that too many times than I care to mention. Forget it, it’ll never sink in and if it did, it would never be admitted.

The ones calling you ignorant are as clueless as they come.

Thanks Stranger for your timely reminder. Indeed, the indebtedness of the whole world ends up in the pockets of the banking cabal as an ocean of profit taking. After all, that’s why globalization is so handy and the NUSA the enforcer.

And the idiots here bleat: “Is the communists”.

Yes, idiots do bleat that, but those who have a clue say, it’s the Wall Street Reds (Communists, not communists) who profit from said indebtedness, just like “Stranger” says. They also profit from chaos, Ponzi schemes, special privilege, and drug peddling too.

You are so wrong. Please go back and reread his book.

It is not that those who work for these organisations do not know what they are doing, it is just that they cannot do anything about it, you see.

That’s exactly the opposite of what he tried to explain. His complaint was that they refused to rectify the situation , not that could not do anything about it. In fact the people of Greece voted for people who knew what to do, (that’s how Varoufakis got voted in) but in the end they, (Varoufakis excluded) betrayed the electorate; they sold out to the extortionists.

Whole populations are held in bondage by disgusting thieves with politicians in collusion.

Yet those lazy, unproductive countries keeping voting for the leadership who are accepting these loans.

Please support your assertions with some credible sources or they’re garbage. And you really ought to try and find out how your rulers function. Hint: There are plenty of clues in the article.

Don’t expect the “U.S. patriotard” slugs, brainwashed Pavlov’s-dog “anti-socialist/anti-communist” cretins and Western “librul-progressive” degenerates to learn, understand, or care about any of this vital stuff, though…

Tell us about it. Some of us have been doing battle with a couple over on another thread, and it’s absolutely hopeless.

So it would seem that they did not understand what they were doing, and consequently could hardly have been as calculating as he makes them sound.

No doubt a handful of the big bosses knew exactly what they were doing; the rest, maybe not so much. That’s partly how bureaucracies work.

Holy Cow! This was published on June 26, and nobody has commented on this?

Holy Cow! Did you comment on the 26th? If not, why not? I have never seen this ( as always, Hudson’s excellent ) article until this AM and have been too busy to read it til now.

Anyway, back to the article’s content. I found it interesting that J Gutierrez, on another thread, wrote something similar regarding shutting down indigenous producers and making the country dependent on importing food from the US. Enraging tactics by the usual goon classes, while the American rubes blame the victims and call them lazy.

“hen Facebook was about to be forced to give Zuckerberg’s 28 Harvard computers and emails.”

Give them to whom?
I don’t know the history here.

Stranger: Here’s the problem: I am getting conflicting opinions on whether …
(1) The Bank of Canada remains a government-owned corporation, but the Canadian government just ignores it and borrows money from other, privately-owned, banks.
OR
(2) The Bank of Canada is now privately-owned and the government borrows from it anyways.

MEFOBILLS: To your question, I’m not sure about 1 or 2 the same as you.
BOC is definitely not issuing debt free anymore, and private banks are running wild…. we can see that in the debt charts.

Stranger: Thanks MEFOBILLS! I’ll just keep the file open

MEFOBILLS: The economic profession is a shambles, and data is hard to find.

Stranger: Agreed! I think info is hard to find by design!

And, as Aquinas comments, contra naturam — anti-ecological.

And the church came down on the “schoolmen” like Aquinas, because they were following Greek thought and Aristotle too closely.

Humans can regress in thought. For example, for over 2000 years during the gold coin era, people confused metal as if it was money.

Yes, usury is not debt, but debt mechanics can be usurious.

For example, only at the moment of hypothecation are credit and debt instrument mirrors.

Credit and Debt then begin to diverge with time, where debt instrument can begin to make outrageous usurious claims.

Other schemes include issuing new debts and absorbing old debts into principle. The old instrument has interest that becomes principle in the new instrument. This is usury plain and simple, as the claims on the future go exponential outside of nature.

It is a complicated subject, and we probably need new schools to educate people, otherwise they will see with blinkered eyes. Our current system is failing as can be seen in some of the comments here.

Hudson described the Greek mechanism, with IMF loans. A debt hook was thrust into the mouth of Greek’s while the credit went on to pay German and English debt holders (supposed creditors).

These German and English (and maybe French) debt holders were private banks elsewhere in the EU.

Usury and Rent Seeking abounds because it has become a state sponsored religion.

Sometimes you can find a researcher on the back pages of a blog.

It is within the realm of statistical probability.

The text differs because it is my own research.

Thanks for the response.

To your question, I’m not sure about 1 or 2 the same as you.

BOC is definitely not issuing debt free anymore, and private banks are running wild…. we can see that in the debt charts.

The economic profession is a shambles, and data is hard to find.

The world — meaning Nature — IS a “mutual aid society” — this is a fundamental fact of ecology — and, WE’RE IN IT.

Yes to all this, BUT — usury is not debt. Usury is fraud. And, as Aquinas comments, contra naturam — anti-ecological.

My question was facetious but your reply is apropos nonetheless.

Hi MEFOBILLS! Good comment! I researched the topic some more.
I found the link you got your chart from. https://qualicuminstitute.ca/federal-debt/ But the text differs. Is the text your own spin? If not where did it come from? Either way do you have a link to it.
Here’s the problem: I am getting conflicting opinions on whether …
(1) The Bank of Canada remains a government-owned corporation, but the Canadian government just ignores it and borrows money from other, privately-owned, banks.
OR
(2) The Bank of Canada is now privately-owned and the government borrows from it anyways.

I need definitive links on this.
Thanks!

Thank you. Do you suppose there’s a reason why these facts are so little known?

Of course. I’m going to defer to Hudson once again:

The money powers, or “oligarchy” fought back and won. They also almost made classical economy disappear down the memory hole.

Monetary history isn’t even taught in economic curriculum, or if it is, it is a truncated version – and that version is often full of errors.

If you are a college, and receiving flows of money out of wall street, are you going to do wall street’s bidding or not?

Don’t you think that rent seekers and usurers enjoy their life of easy privilege? They simply divert some of their revenue stream into usurping the polity, buying out media, and buying out politicians.

The most successful political systems have leadership that doesn’t put up with the crap, and the bad guys are killed or put in jail.

Lee Kuan Yew of Singapore was in this mold, which is why Singapore is successful despite it being multi-cultural.

(multiculturalism is not a strength)

Hudson seems to want there not to be an unconditional obligation to pay debts

There is no unconditional obligation to pay usurious debts.

There is no unconditional obligation to pay debts that were created by fraud.

There is no unconditional obligation to pay monetized debts, when there is no money to pay them.
(Usually a usurious swap during monetary depression is in order, where the bad guys want your land, patents, or your wife in a swap to erase debt.)

YOU have been conditioned by evolution to pay your debts. YOU and other humans evolved in small tribes, where you knew everybody, and hence debt relations were known and could be dealt with.

In a large monetized “international” system, where debts mount unnaturally and make exponential claims on the earth, then these types of debt cannot be paid. It is a mathematical certainty they cannot be paid.

On the other side of debt claims are bond holders and Oligarchy.

Are you OK with parasites living high by sucking up your life energy? Oligarchy is happy that you are hypnotized to such a degree that you willingly submit to their schemes.

Let’s also not forget, that debt instruments and their credit pop into being from nothing at the moment of hypothecation. This sort of debt is NOT part of your evolutionary heritage, so don’t make claims that they are equal.

Thank you. Do you suppose there’s a reason why these facts are so little known?

I agree with the following part of Parfosi1’s

What matters is the system, the structure where his role fits in.

I happen to think that irrespective of whether they are democracies or not, states react in the same predictable ways in relation to foreign policy. So it makes very little difference if Jews control everything or monopoly state capitalists or whatever, you will get wars when a country miscalculates or when or correctly calculates war is the least bad option for it.

The world is not a mutual aid society and foreign loans and investments may be profitable or otherwise, such as Rockefeller’s bad loans or Hunt’s bad investments to sovereign states (hunt blamed Rockefellers for Libya nationalisation) depending on the judgement of who makes them, and the judgement of the leaders like Gaddafi.

https://www.newyorker.com/magazine/2018/08/27/paul-singer-doomsday-investor
Throughout our conversations, Bush returned to a theme that consumed him. He talked about how investors like Singer—financiers who take the assets built by others and manipulate them like puzzle pieces to make money for themselves—are affecting the country on a grand scale … gradually made the economy, and most of the people in it, more fragile. […] Over time, this lack of long-term vision alters the economy—with profound political implications. Businesses are the engine of a country’s employment and wealth creation; when they cater only to stockholders, expenditures on employees’ behalf, whether for raises, job training, or new facilities, come to be seen as a poor use of funds. Eventually, this can result in fewer secure jobs, widening inequality, and political polarization. “You can’t have a stable democracy that has not seen any increase in wages for the vast majority of working people for over thirty years, while there’s a tremendous increase in compensation and earnings for a small percentage of the country,” Martin Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, who has spent decades working with companies targeted by corporate raiders, told me. “That is destructive of democracy. It breeds populism.”

The contending powers of the domestic system system correct and keep the country domestically stable in the long term. Hudson seems to want there not to be an unconditional obligation to pay debts. Moral duty might work for a while but it would cause a vast amount of trouble down the line. Money would start going into commodities instead of productive investment.

Would you protect their “sovereignty” by
1. refraining from insisting on the modern world’s often arbitrary ideas of national boundaries and letting the primitives fight it out amongst themselves?
2. Keeping not only our financiers out of them but also NGOs such as the Bull and Melinda Gates Foundation – and of course Christian missionaries and George Soros?

You should know by now that I think democracy is a sham, and that some sort of Kingdom is required, ideally a Constitutional Kingdom.

Also, since money is law, then money itself is under control e.g. it is sovereign.

After that, you can do anything you want, including going to war and erasing national boundaries, and absorbing primitives into your population. But why would you do that, the people themselves are primitive and become a source of friction and drag.

You forget something important. Virtually all wars are to take resources and erase debts.

Even the wars between Persia and Greece were due to debts. Sparta had borrowed talents of gold and could not pay back the interest in gold. Sparta then attacked Athens and stuck the debt onto Athenians. Sparta’s ships were built with borrowed Persian money.

Hudson is trying to instill into your heads that DEBTS MATTER. I also am pounding this same drum, because it is exactly correct.

If debt instruments are held within a state bank or held by the sovereign, they can be easily erased.

The ancient near east economies were balanced, and hence did not have the impulse to conquer to then pay debt claims, especially when said debts are growing exponentially.

The ancient near east kings DID have to worry about internal threats, where oligarchical families would try to take over.

If we modern humans are not smart enough to understand a simple compounding interest curve, and its effect, then maybe we deserve to go extinct.

“Lies” and it’s cognate are not helpful to civilised discourse and their misuse is bad for the credit of the perpetrator. Where is the slightest sign that Sean is deliberately, knowingly, peddling something factually untrue?

1913 was a busy year in the financial colonization of America.
TIMELINE:
• Feb 3, 1913 The 16TH AMENDMENT passed. Right to levy an income tax established.
• Oct 3, 1913 THE REVENUE ACT (INCOME TAX ACT) passed.
• Dec 23, 1913 The FEDERAL RESERVE ACT passed. Congress unconstitutionally delegated the currency-issuing power to private banks

Good job.

Addition: ALL OF WILSON’S PROGRESSIVE ERA ACTS, were designed by the money powers. Even the election of 1912 was funded by the Morgan interests, who in turn were Rothschild agents. The election was split with Bull Moose Party (brought into existence for the explicit goal of siphoning votes away from Taft.) Remember, Taft would not sign the Aldrich amendment, the forerunner of Federal Reserve.

Please, don’t forget about the 17’th amendment, easily the most pernicious of all.

It is in the first articles of the constitution, that SENATORS are to be sent by their State Legislatures. They are not to be VOTED into power by the general population. Senators are not to be populists. Senators are to be above the political fray, and the “greatest deliberative body on earth.”

By making Senators populists, then said senators can be controlled with bribe money. Senators need the money to become popularly elected. In other words, Senators are not beholden to their states, but instead to monied interest groups.

Who makes the money?

I’m glad some of you are figuring things out. It makes me smile.

Note that Federalism was murdered by money powered in-groups, and yes definitely (((our friends))) were heavily involved.

The counter argument is “Well you let me get away with it, and stop me before I murder again. It is your fault because you didn’t stop me.”

I am for expulsion of people’s and groups that ethnically network to take rents and parasitize hosts.

So that explains why you live on your Mom’s couch in the US.

https://www.focus-economics.com/blog/the-largest-economies-in-the-world
Oops!

We curiously don’t see your beloved Venezuela , nor your relic Cuba, nor your lazy dumb ass Greeks on that list. Not to mention any country in ultra dumb ass Africa.

said:
“The last time I checked the debt is a staggering 22 trillion and you pay about 500 billion interest yearly.”

Bingo, we PAY our own money on what we borrow.

Of course our giving free money to lazy, unproductive, low IQ basket cases certainly drives up that debt.

The state can do anything it likes. It can draft you into the army and send you off to die in war.

There is always hierarchy. Any complex system has hierarchy, most especially civilizations. You are not onebornfree, but instead you are born into a hierarchy, or a system that was in place before your birth.

Your degrees of freedom are a function of the law. Law is also force.

Money’s true nature is law.

Also, if you are an individualist (as most white men are), then wake up and notice that “group dynamics” will beat individualism every time.

It is the case that in-groups will form, that monopolists and self serving types will band together to then usurp government. They will try to change government to feather bed their interests, often at the expense of the general population.

It is also true, that since money is law, a SOVEREIGN can change the law, and hence disenfranchise power groups.

There is NO contradictions here.

The only real question is how to put a benevolent king into position within the hierarchy. This king also has to release debts as they will grow inexorably.

Hudson talks on this in his latest writings… And forgive them their debts, where the kings in ancient near east were god kings beholden to their people.

In the modern era, the closest the West came to benevolent kings, was probably Hungary. Hungary had a constitutional kingdom that lasted almost 1000 years. (I don’t know yet how they dealt with debt…..sorry. Obviously they dealt with it somehow.)

There was no universal suffrage voting (women didn’t vote) and their population was mostly homogeneous. Even Jewish ethnic networking was unable to take-over.

Professional Stranger:
The World Bank, IMF, as well as the US Federal Reserve, the ECB and many more national central banks, are all privately owned, and the ownership heirarchy traces back to the same group of people.

These people are the beneficiaries of the operation, not the US. We are just one of their victims. Our role in their financial empire is to fight their wars of colonial expansion for them, and pick up the tab for the privilege.
For more info see: “All Wars are Bankers’ Wars” by Mike Rivero

Wizard of Oz
Would you please elaborate on the legal argument for calling them all “privately owned”. And if you are not referring to legal ownership would you please explain what you mean by “privately owned” and how it applies to those institutions?

Stranger: Sure: Here’s the ownership hierarchy for one of those institutions: the Federal Reserve Bank group in the U.S. ___
__The 12 Federal Reserve Banks are PRIVATE corporations. Their shares are not listed on any exchange. Who owns the shares is not public knowledge. Nevertheless, some researchers have sleuthed it down. See this chart ..
[[Ownership-hierarchy chart of the 12 Federal-Reserve Banks]]
https://www.scribd.com/document/6155111/Chart-of-Who-Owns-the-Federal-Reserve
.. and see that it all traces back to “N.M. Rothschild , London – Bank of “, regardless of all the intermediate steps.]]

How it happened:
1913 was a busy year in the financial colonization of America.
TIMELINE:
• Feb 3, 1913 The 16TH AMENDMENT passed. Right to levy an income tax established.
• Oct 3, 1913 THE REVENUE ACT (INCOME TAX ACT) passed.
• Dec 23, 1913 The FEDERAL RESERVE ACT passed. Congress unconstitutionally delegated the currency-issuing power to private banks, and pledged income-tax revenue as collateral to borrow the banks’ new private currency.
The income tax was earmarked to pay the interest on the private counterfeit currency the government thenceforth would borrow.
• 1914-2019 Nothing but trouble.

MORE INFO:
“Jekyll Island The Truth Behind The Federal Reserve” —- by Bill Still

You’re in the wrong place to understand how things work unless you came to have your opinions molded. Economic hit man Hudson has been simple and repetitious since the deep state increased his acting roles following the 2008 staged disaster. Results on readers are only obtained with limited complexity, very few points, and a constant harping on these same slogans in every piece that’s posted. Consider the MMT cult which features Hudson as a leading confusion inducing voice. This wide reaching psyop has some of the sheep talking about tally sticks, the fish, the loaves and of course Jesus. “Abundance is at hand! – maybe if you vote for the right person. ”

Why would anyone trust the word of a career CIA agent? If any one person is broadcast all over the internet with millions of viewers that message is coming from an agent.

“The function of the IMF and World Bank was essentially to make other countries borrow in dollars, not in their own currencies, and to make sure that if they could not pay their dollar-denominated debts…”

— Case in study — Ukraine.
“How Christine Lagarde, Clinton and Nuland Funded a Massive Ukrainian Ponzi Scheme,” https://russia-insider.com/en/how-christine-lagarde-clinton-and-nuland-funded-massive-ukrainian-ponzi-scheme/ri27390

“From at least 2006 through December 2016, the UBOs [Ultimate Beneficial Owners – Kolomoisky, Bogolyubov] were the majority and controlling stockholders of PrivatBank, one of Ukraine’s largest privately-held commercial banks. During that time period, the UBOs used PrivatBank as their own personal piggy bank—ultimately stealing billions of dollars from PrivatBank and using United States entities to launder hundreds of millions of dollars’ worth of PrivatBank’s misappropriated loan proceeds into the United States to enrich themselves and their co-conspirators.” …

PrivatBank drew one-third to 40% of the international inflow; in other words, at least $3.5 billion. …

Following the US regime change in the spring of 2014, the IMF voted massive loans for the Ukraine … More than a third of the fresh IMF money was paid out by the National Bank of Ukraine (NBU), the state’s central bank, into PrivatBank controlled by Kolomoisky and his partner, Gennady Bogolyubov.

At the time, investigations of Kolomoisky’s business and banking practices … reported he was stealing the money through a pyramid of front companies lending each other the IMF cash which was not intended to be repaid. Clinton, Nuland, Lagarde and the IMF staff and board of directors ignored the evidence, as they continued to top up Kolomoisky’s pyramid. Criminal investigations by the US Department of Justice and the Federal Bureau of Investigation (FBI) were also reported at the time; they were neutralized by their superiors.

The context: “IMF ranks Ukraine as Europe’s poorest country,” https://www.intellinews.com/imf-ranks-ukraine-as-europe-s-poorest-country-150301/

https://americans4innovation.blogspot.com/2019/01/so-you-thought-rhodes-scholarships-were.html?m=1#rhodes-200-year-

McKibben and his shareholders have never received a single dime of compensation for their breakthroughs in Internet scalability. Their contributions are now valued into the multiple trillions of dollars for technology stolen by the U.S. federal government and distributed free to Silicon Valley by the IBM Eclipse Foundation

The “robbing of poor countries” and everybody else — and the destruction of western civilization from within — is a true calling of the mega-banksters and corporate filth:
https://americans4innovation.blogspot.com/2019/01/so-you-thought-rhodes-scholarships-were.html?m=1#rhodes-200-year-

History teaches us that Rhodes meant it when he said: “The seizure of the wealth is necessary.”

Making the sausage:

On Mar. 05, 1946, the American, British and Dominion (Commonwealth) intelligence agencies signed a secret agreement to share ALL or almost all intelligence collected by any of them. This evidently formed the basis of the corrupt “Five Eyes” intelligence cabal whereby “stay-behind networks” from Word War II became the rogue C.I.A. First declassified and revealed to the public on Apr. 08, 2010, just months before the Leader v. Facebook patent infringement trial when Facebook was about to be forced to give Zuckerberg’s 28 Harvard computers and emails. This agreement was used to lock down Zuckerberg’s drives.

Thievery of intellectual property by the scoundrels in the highest echelons of the US government:

Michael McKibben’s and Leader Technologies’ groundbreaking social networking invention solved the problem for running corporate computers in the Internet without running into high volume capacity digital logjams.

By 1999, IBM and Microsoft realized their groupware technologies were incapable of such large scale. They were stuck. This was exactly the time in early 2000 when McKibben sought out intellectual property legal counsel to protect his inventions and was introduced to intellectual property law professor James P. Chandler, III.

Hindsight shows us that the American government treated McKibben and his company Leader Technologies just like the British treated Tesla. They actively ignored them as the true inventors, funded their cardboard cutouts to supply them, then pressed the fiction using their control of propaganda and brain washing that Marconi and Zuckerberg were the inventors.

Back close to topic. Were you writing of actions taken in Canada under the influence of Social Credit doctrines?

Alberta’s social creditors were beaten by Mammon. (No Jews were involved – I try to be even handed. Or, at least none that I could find, but then I wasn’t there.)

However, Douglas social creditors may have had influence. One of the actions of BOC was to inject credit into households, especially teenagers.

If you were 16 you were given a monthly stipend, and you had to work or do something useful. Picking up trash along the roads, or helping a neighbor.

Douglas social credit is an excellent type of economy, and yet the people here at UNZ for the most part do not know what it is. It is also a form of sovereign money.

Canada ran a pseudo sovereign economy from 38 to 74. That had a state bank that injected debt free credit. Below is some data that might help some of you wake up and take the red pill:
____________

In Canada from 1938 to 1973 there was little to no price inflation. Canada had a sovereign-like money system, where the Crown bank spent debt free into productivity channels.
A graph of Canada’s debt position is at link below. Take note of the years in question:
Private bank emissions of credit were limited to four year loans only @ 6%. Canada’s state bank was incorporated in 1935, and became a Crown bank in 1938. What is a crown bank?
Bank of Canada (BOC) was a crown bank, meaning its stock shares were wholly held in a Trust by Minister of Finance (MOF). In other words, BOC was originally an incorporated private bank, but its shares then became wholly owned by the trust, with MOF as trustee. BOC morphed from being a private bank to a State Bank when the bank shares became owned by the public. BOC then worked for its public and not private shareholders.

It is true that this is a weak arrangement that can be easily usurped, and that is exactly what happened in 1974, when the Bank of International Settlements came along and demanded Canada return to a private credit money system.

Prior to 74, MOF would tell BOC Governor to create money debt free. This debt free would be spent by injection into the commons on productivity modes. Commons are those things that everybody uses to improve productivity for whole, like roads, rail, ports, and telecommunications.

These are things Canada did from 38 to 74: Canada’s small population of 11M built out third largest Navy in WW2 as well, by using debt free of money. In 38 Canada had only 11M people, and by 1974 they had 22M. Building out continental scale railroads, highways, waterways, and all of the other things this population did is astonishing.

Private Banks are ordered to remove their banknotes from circulation in 1945, and only use tangible bills issued by bank of Canada.

1) Almost Free Education, especially for returning WW2 Veterans. Improving labor in this way improves productivity. Colleges and Schools had their buildings built with debt free, thus lowering access costs for the general population.
2) Business loans.
3) Land Grants. (Land Grants are a way of keeping land from being grabbed by monopoly forces. This was easy in Canada given the amount of land they have.)
4) St Lawrence Seaway was dredged and improved by adding locks. (Note that Canada spends into their commons, as all governments should.) St. Lawrence Seaway is something like Panama Canal and a significant engineering feat. It allowed an inland seaway to go from Montreal to Lake Ontario, thus improving the shipment of goods and services. Ocean going vessels could then travel from the Atlantic to Great Lakes.
5) Welland Canal is another waterway link between Lake Ontario and Lake Erie. It is eight locks and lifts ships 326 feet over Niagra Escarpment.
6) Trans-Canada Highway was built, about 4,000 miles.
7) Universal Health Care. Since economy was efficient, health care could be afforded. Only after 1974 did Canada’s Health Care System go bad.
8) Pensions and Direct Injections
• This is a sort of Social Credit Theory. These direct injects are debt free money being collected in taxes, and then re-spent (injected) back down into the base of the population, usually at the family level. This creates a pumping action, and the money goes on to create consumption and wealth. It also overcomes losses from waste in industry, so labor can buy their output. (Wages never equal the actual value of production as waste and overhead is captured in prices.) Canada probably did not understand that injections are proper economics -and needed, as shown by Social Credit Gap theory.
• Family Allowances: This is another direct injection, usually for kids up to age 16, about $5 in the 1960’s per month.
9) Private Banks are Restricted to four year loans only.
o This is private creation of bank credit. A four year loan at 6% interest means that the interest does not go exponential. Note: In 1974 BIS coerced and removed these restrictions, so Banker could make usurious profits. His profits are parasitical after 74, and also change the composition of Canada’s money supply, making it more bank credit and less debt free. In this case, think of the debt free money as originating not at private banks, but instead at the State Bank. This is analogous to Lincoln’s emission of Greenbacks (from Treasury) during America’s civil war.

• Canada provided housing mortgages by using TRUSTS. Trusts are a collection of people’s savings, similar to savings and loans in the U.S. at that time. Savings and loans would loan out existing money, not creating new credit. Canadian Trusts would issue a GIC, or what Americans call a CD. This CD would be for five years or so, and only have a percent or two of interest. Remember, they were loaning out existing money, not creating new credit. The interest channel would be back to the savers, and non- usurious. (Usury is a power relation, where the weak are silently robbed by predatory schemes. Usury can be taken with sophisticated monetary schemes. But, here mortgage housing loan interest payment would go to saving elderly, who would then buy the product of the young.)

o When BOC no longer had restrictions on their private banks, e.g. four year loans at 6%, this allowed Canadian private banks to directly compete with the Trusts (similar to savings and loans). Again, trusts would take existing money, what formerly was debt free, which then became people’s savings, and loan it out. When the trust loaned it out, they would add a percentage of interest, effectively a FEE. This is how money supplies should work, where the money is stored wealth and not credit.

 Banks can create excess credit by loaning out many times their reserves. This allows them to create too much credit per unit time. Effectively, since they can create without limit, they were able to take over the trust industry. Banks could also issue more of their shares, to thus put more reserves in their reserve loops, to then fractional reserve much more credit. The movie “It’s a wonderful life” captures the effect of this mechanism where banks overtake savings and loans.
A major country, Canada, ran a Sovereign money economy from 1938 to 1974 to good effect.
Today, we have to listen to hypnosis at variance with actual history and reality. “There is not enough money to improve the commons, etc.” Or, we have to “borrow” the money to get things done, when history teaches us something different.

ideological blinkers on and all they see is BOLSHEVIKS!

Your ignorance about the USSR is shattering, to say the least

Interesting. People keep calling me ignorant?

Communism was imposed on Russia by the Bolsheviks, and said bolsheviks were installed by their (((cousins))), wall street capital.

I have to assume there is a rudimentary understanding of historical events among UNZ readers.

Stalin had Trotsky killed, and THEN Stalin nationalized the bank.

As an aside, unware UNZ readers may remember that a wall street bank was installed in Libya within weeks of western invasion. Pay attention to the money.

By 1944, Russian communism had morphed from being “international” and was on its way to “national.”

My ignorance of the USSR is not shattering, that is an ad-homiem intended to deflect.

Your comment about USSR new economic plan does not impress. I am going to say it again: In all cases, industrial capitalism with mixed economy NEVER FAILED DUE TO INTERNAL CONTRADICTIONS.

Marx was wrong. In all cases, it was due to malign influence by finance paying bribes or maneuvering the politics, or it due to war being imposed by external actors.

The world is not a dialectic of finance capital vs communism. There are intermediate types of economy.

Anybody who is caught up in a two pole dialectic… you are being played. The world is not black and white.

I touch on this earlier with oneborn free, who has been similarly hoaxed. His dialectic is randian austrian economics vs evil government (in his mind).

People want to pick sides, pick their team, and then demonize anybody not on their side. Reality is grey, not black and white.

correction: they do have populations that have expectations. failing to meet those expectations causes stress that can become unmanageable and lead to riots, political instability and eventually regime change.

Hence the value of the west’s control over both the IMF and the world bank. So if I am a head of state and I am looking down the barrel of suffering through those stressers and potential revolution and internal damage to my population against a long term financial readjustment. excuse me but laziness is not really an option. Laziness would suggest one might allow the process to play put until it reaches an equilibrium, thereby providing a state a look at it actual value as opposed to the value added on b y borrowing, funds it cannot repay because said investments flow outside the country.

I am not sure how many countries such as Greece could withstand long term rejection of borrowing m minus those extreme consequences a state seeks to avoid. Think Iran and the tightening of the country’s liquid assessts that eventually led to essential basic shortages in food and medicines – those stressers were the cause of the protests (to which the government over responded with violence which in turn eventually fueled greater protests. Any government looking down the barrel of said consequences of social disruption of such maginitude to violent revolution and internal damage —-

frankly is going to be inclined to take the money.

“However, if those who make choices to buy ‘on credit’ by agreeing to higher interest rates then they later determine to be unreasonable then too bad. They have the purchased item, they made the choice, they should pay their bills.”

Your changing the direction here. My comments are not the standard process of borrowing via fixed or variable interest rates. The real issue here as indicated by the article is essentially predatory practices on a global scale that feeds the developed world’s businesses and financial systems while keeping the borrowing nations in bondage to the same. That is a different issue, except when this happens on a scale commencerate with regional and local practices in country.

Here the financial systems have no defense, they hid those balloon payments. They manipulated the payment system. They instituted practices that disguised the actual values of homes. But that isn’t what is at play here. We are talking about a forced market global gambit in which countries in debt have few or no alternatives and the system is so bent that it bars competition for said loans. And then when loans are made they are contingent on using outside suppliers which send their profits outside of the countries, hindering growth, development and any real ability to repay the loans.

“And that is indicative of so many of today’s problems, where no one is responsible for their own choices & actions, especially if you’re black or brown and whites are the ones to foot the bill in the long run.”

I am going to eschew the office color baiting here — as inconsequential and sidelined by the fact that those populations have been held to a higher standard of accountability against there stead. But I suspect you know this and are leaning on that system to scapegoat them and defend the financial system — I am a capitalist and one aspect of capitalism that is mandatory is honest and fair dealings . . . best practices, etc.

I think the answer to your final observation rests in the cycle described in the interview and numerous complaints about the IMF and World bank practices and policies. I don’t think we are talking about lazy countries. Because those loans come with guarantees and expectations and obligations. I am surprised the article did not discuss Greece. Not taking those funds has pragmatic consequences for the state. And unless a country prepares they are overwhelmed and pressured against the same – they do have populations they have expectations.

The money men cannot control the state, they thought they had bought Caesar but were proved wrong.The stingy Averell Harriman preceded free spending (his and taxpayers’ money) Nelson Rockefeller as governor of NYC.

What shoddy doctrine you are trying to preach? And the use of blatant lies as examples. Harriman was the son of a railways tycoon, the apex of the Capitalist class.

Besides, whether the incumbent is wealthy or not is totally irrelevant. What matters is the system, the structure where his role fits in.

The fraudulent US political system is the proof that it is dominated by the moneymen who invest in their politicians to reap the reward of policies in their favour and kickbacks in contracts and sinecures.

One has to be a malevolent liar or shameless Jewish apologist to come up with such brazen lies. The political system is so corrupt that only Zionist-approved candidates need to apply.

The money men cannot control the state, they thought they had bought Caesar but were proved wrong.The stingy Averell Harriman preceded free spending (his and taxpayers’ money) Nelson Rockefeller as governor of NYC, I don’t really think they embarked on a political career for any ulterior motive. David Rockefeller was notorious for making bad loans to foreign governments, he ran Chase into the ground.

It is not really clear that the Rockefellers were very different to the Hunts, not just because of the nautical first names. The Rockefellers’ Chase were syndicator for Iran’s Eurodollar deposits 40 billion in a single year, and were a major force in getting the Shah admitted to the US, with disastrous consequences for them and America. It also drew a lot of attention to David Rockefeller, who unlike his brother avoided publicity. Different personalities.

Nelson Bunker Hunt was the richest man in the world, then Gaddafi simply nationalised Hunt’s oil field rights in Libya. Hunt later tried to corner the silver market but the US government just changed the rules on him and he lost everything.

The state can do anything it likes. It can draft you into the army and send you off to die in war. Trump was opposed by all the interests you cite, but he won because there are other powers such as the common people who sometimes show the necessary sense. With the help of banks and free trade deals China was on course to overtake America. The people bestirred themselves and the correction was made. So no, there is consensus at the highest levels as to what should be done, but the the elite can easilly be overridden when they get out of their box and start using their control for selfish class interests. That is not to say the class interests of the common people are the same as the national interest, and the bankers are just venal parasites in the way Hudson seems to suggest. No, all interests are required to have input. There are always personalities floating about to articulate criticism of the elite, and be the tribune of the people.’ Cometh the hour, cometh the man.’

Your telling me that at some stage Canada just printed money made my mind wander to Douglas Social Credit and my memories (I was only a young man at the time of course) of the Social Credit Party government elected in Alberta i, as I have just checked, 1935. If your mind is limbered up but not fully in gear I recommend the Wikipedia entry on Major C.H.Douglas, a Cambridge educated engineer who took a systems approach to the economy as he parted company from classical economists (though Keynes only granted him the status of private, certainly not general, in the army of heretics). Indeed I would require every Economics 101 student after the final exams to spend three days writing an assessment of Douglas’s contribution to economic thinking based on that article.

Back close to topic. Were you writing of actions taken in Canada under the influence of Social Credit doctrines?

With regards to Bolsheviks, that was wall street and london stock market capital (especially Kuhn and Loeb) funding a wall street bank and inserting itself into Russia.

What that has to do with the USSR?

If there was ever a country insulated against the international financial cabal it was the USSR. There was only one government bank and currency issuer and NO SHAREHOLDERS, domestic or international. Anybody who professes any idea about financial independence (including the multitudes who claim the Nosey FED is daylight massive robbery) should praise the Soviet banking system. But not here: they put their ideological blinkers on and all they see is BOLSHEVIKS!

Your ignorance about the USSR is shattering, to say the least.

I’ll oblige Wiz. Indeed Eucalyptus as well as Acacias varieties were brought to Europe quite early and, by 1850s sown in large private estates, but not in commons or crown land as plantations.

What happened in the 1990s in Portugal after the Harvard boys’ visit was a massive plantation all over the place including alluvial lands used previously as paddy fields and former nature reserves in rugged mountain regions. The local agriculture was literally decimated. First the State built the access roads, then the tree planters came in. The last I heard is most of the timber is bought by a single multinational.

Would you please elaborate on the legal argument for calling them all “privately owned”. And if you are not referring to legal ownership would you please explain what you mean by “privately owned” and how it applies to those institutions?

Some “family farms” may actually now be basically franchise operations. I saw a documentary on a family that ran a chicken farm for Perdue.

Classical Capitalism at work at the lower level of the pyramid, franchising. The individual or subsistence farmer is absorbed into a higher order (and pays for the privilege) whereby his production is effectively taken over and he becomes subservient to one buyer. Extending the franchise is equivalent to concentration and, once established, the franchisee (owner) is eventually taken over by a financial conglomerate.

The Hamish – blessed their souls – could teach us a few things about the meaning of independent life. And they are prospering with high fertility!

Therefore all those “mixed economies” eventually succumbed to the inexorable law you mention on the quote above.

Really? All of them were forced by war or duplicity to give up their form of economy.
Even Japan’s Industrial Capitalism post WW2, which used credit guidance windows, was undone by BOJ running a gambit against the economy with a housing bubble in the 80’s. Behind BOJ was (((Stanley Fischer))) rubbing his hands together gleefully.

In the case of WW1, it was Zionist England going berserk over Germany, because the “international” was losing control. England went bezerk also over Nazi Germany, as Germany reintroduced Industrial Capital as Reichsbank was under control of the Chancellorship.

When anybody says “capital” they need to define their terms. Capital can be plant and equipment, it can be money, and further money can be of different types.

Finance capital, especially private bank credit has different properties than other types of money such as debt free, or treasury money.

In 1926, Mussolini nationalized the private banks. Banksters who were in charge of voting stock, were swinging the economy and taking rents on the up and downswings. In other words, a small cadre of banker elites were swinging the so called free market by controlling corporate voting stock.

Fascist Italy in 1926 converted from finance capital, to industrial capital. The nature of the money itself changed. It took war to convert Italy back.

With regards to Bolsheviks, that was wall street and london stock market capital (especially Kuhn and Loeb) funding a wall street bank and inserting itself into Russia.

Then the looting began.

Yeah right, sure, if you say so 🙂

The very fact that you try to discredit/name-call/put down via the employment of a non-existing [ in the real world] moniker dragged from the “depths” of your own shallow imagination shows your childish ignorance

My ignorance isn’t shallow. Lolbertarian junk economics does not codify, define, or use the concepts I outlined above in any of its doctrine. Only classical economics has the concepts and language to properly understand political economy. Why do you think Hudson wrote a book, J is for Junk Economics. Language has been so perverted by rent seekers that there was not a common way for people to discuss things, except for talking past each other. The book reintroduces classical economics and terms/ideas people need for understanding.

Lolbertarian and randian hypnosis is dangerous. It captures the young, turns them into ideologues, and channels them into cul-de-sacs of bad thought.

Our (((tribal))) friends are masters of dialectic. You’ve been captured and ensnared.

Uh oh. Good article, lots of facts, critical of capitalism… brain dead right wingers don’t like facts, or criticism of their capitalist overlords.

Mr. Hudson didn’t blame the RADICAL LEFTIST COMMUNIST MARXIST JEWS! or the NIGGERS! so this goes against everything the geniuses here believe to be true.

Not good.

Notice how even Mr Hudson omits [ unless I missed it] directly connecting the activities of the World Bank and IMF to the Federal Reserve system

He did not omit it, although it was implied rather than stated. I understood that particular connection and mentioned it in a one-paragraph abstract above. They work in “tandem” but separately to confuse/hide the connection.

These people are the beneficiaries of the operation, not the US. We are just one of their victims. Our role in their financial empire is to fight their wars of colonial expansion for them, and pick up the tab for the privilege.

Thanks Stranger for your timely reminder. Indeed, the indebtedness of the whole world ends up in the pockets of the banking cabal as an ocean of profit taking. After all, that’s why globalization is so handy and the NUSA the enforcer.

And the idiots here bleat: “Is the communists”.

Yet those lazy, unproductive countries keeping voting for the leadership who are accepting these loans.

Fully agree. The Nosey USA is the best example I can think of: unproductive, lazy and the sheeple keep voting for the clowns who borrow from the Federal Reserve Bank. The last time I checked the debt is a staggering 22 trillion and you pay about 500 billion interest yearly.

Where are those revolting Americans?

Man is a rent seeking animal, and some (((tribes))) have evolved rent taking to an art form. Usury and rents are the modern equivalent of alchemy, converting cheap lead to monetary gold.

I generally agree with your argument but would debate the soundness of your conclusion at the beginning that a “mixed economy” is the solution for man’s ills, unless it is qualified or quantified.

Your sample of mixed economies (say, German, Italian, Japanese) are not what one would expect of models to be followed, hence the lot of them; and in all cases, they are band-aid type economic tweaks governments implement for short periods of stress until full-fledged capitalism is restored.

You see, as we understand the world, the economic model shapes the political system (you see it more clearly than ever in US now); the more money you have the greater the political power you wield. Therefore all those “mixed economies” eventually succumbed to the inexorable law you mention on the quote above.

Even the more doctrinarian communists (e.g. Lenin, Stalin) recognized the fact that sometimes the economic system needs some adjustments (New Economic Policy) and put on that band-aid for a time but, eventually, Capitalism would resume its dominance based on the capitalist pecking order. And that’s why Stalin stopped NEP before it reached that stage.

More could be said about “mixed economy” for another occasion.