AUTHOR: "only a strong monarch,... has the power to keep oligarchical monopoly formation in check." See the English Civil War, also fought in America. Kings lost their power because they replaced the nobility with a King controlled army, which made sense at the time, but the paid armies turned. If you compare pictures of nobles between the 14th and 18th, you will see they went from rugged to faggoty dressed in Whigs and silk, because nobles no longer had a martial obligation or could fight for titles. The Christian Knighthoods were like the Iranian Basij, which protected Christianity, became high society clubs.
The Fed is partly nationalized. Yes, the Fed governors have an unconstitutional level of independence form the President, but the Treasury gets the profits from the Fed. When the Treasury borrows from the Fed, it is an accounting fiction. It is no different than simply printing greenbacks.
Other than that, your article is spot on.
The real challenge is how to back out of this system.
To some degree we made a partial backout by creating FANNIE MAE and FREDDIE MAC. For the most part, home loans are no longer financed by bank deposits. Banks are just sales fronts and bill collectors. (On the downside, while this reduces the amount of maturity transformation, it does fuzz up the issue of skin in the game. Witness 2008. And it centralizes too much activity in Wall St. In theory, it would be possible for community banks to finances mortgages without maturity transformation https://conntects.net/blogPosts/GreenandFree/68/Mortgages-Without-Maturity-Transformation )
Importing people and goods are what props up the system and keeps inflation at bay for now. This could be viewed as a continuous bailout, lessening the need for the dramatic one time bailouts that we all know.
Hi barca, I agree with you that importing people keeps wages artificially depressed which decreases consumption rates by the lower and middle classes. Still, I would argue that we have substantial current inflation (20% increases YOY in grocery bills, for example, and housing prices have only gone up despite interest rates tripling), and that it is globohomo's massive and unprecedented monetary printing that is keeping the system together at this point...
There is convincing research that shows the onset of inflation tracked with covid immigration restrictions. We are probably still experiencing knock on inflation from that initial shock. Growth in money causes inflation only if supply remains fixed. Importing people and goods delays this but only so long. Once the dollar is no longer wanted abroad (possibly when the US Navy is defeated) the US will suffer from crushing inflation. I'm not looking forward to it but it's coming.
Yes, it’s coming. The Federal Reserve did print an astonishing $11 trillion during “COVID”; compare that to the 2008 financial crisis bailout which all-in cost $800 billion…
These are not mysterious forces at work. Human beings are doing this. With impunity, on an international scale. The people doing this to us have names. They are well known. They move about freely. They have been parasites on humanity for over 100 years.
Imagine in a neighborhood there is a big house inhabited by a clan of extremely criminal and dangerous men. They have repeatedly done grevious harm to everyone in that neighborhood. They are never arrested nor incarcerated because they have loads of cash to bribe police, DAs and judges. In a worst case scenario, they will have opponents assassinated.
At what point do the residents of that neighborhood decide that a battle to the death against these forces is preferable to allowing the evil to continue, for the rest of their lives and for the lives of their descendants to come.
Thanks Prodigal. The comparison of our financial overlords to the mafia is a good one.
I think the first step toward any change is education. The vast majority have no understanding of the system in which they live operates, and they are easily distracted not just by the media and entertainment but by race, gender, sexual orientation grievances. The way it is looking now is that an upcoming financial crisis will result in a panic and used to usher in CBDCs, which will result in the greatest loss of freedom in human history, along with a shit to a “multi-polar world” which will have the same financial mafia figures at the top.
The more people can come to understand the actual structure of the modern world, the greater the opportunity for an alternative future arises…
I'm afraid I cannot but agree entirely with your forecast. Staggering hardship seems unavoidable at this point. But I think and hope it will wake people up. First there will be hell to pay, though. Literally.
per Gustave Le Bon, “The masses have never thirsted after truth. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim.”
I agree wholeheartedly with this quote.
I note however that this conflicts with "the first step toward any change is education."
Suggestion: Alter this idea to "the first step toward any change is education of a counter-elite".
I have recently been reading James Burnham - he notes that freedom only exists as a product of conflict between elites, who under the pressure of this conflict make concessions to middle-ranking men.
Yes, you are of course correct, StJohn. The masses will always do what they’re told. But the search for truth is more than a simple quest for power; it is the willingness to follow one’s instincts even at the cost of social status. As Ernst Junger stated when he was almost 100 years old, “The sociological definition of elite is already an indication of the corruption of the concept. A warning, for me, to no longer trust even the elites, but now only the great loners.”
Have you ever read Princes of the Yen? Although it was at one point more popular than Harry Potter in Japan, the author could not find an American publisher. I’d be very curious to see how you would integrate the thesis of the book into your own worldview. In a nutshell, the Japanese lost decade could have been easily avoided but a faction within the Japanese financial system wanted to discredit the ministry of finance in order to loose its grip on the Japanese Central Bank and make it more “independent”, as well as use the financial crisis to address “structural” economic “issues”.
Great question, Dallas. I have not read Princes of the Yen but I did watch the documentary on it, which is available on Youtube for free: https://www.youtube.com/watch?v=17IKA-YsqXQ
I have a future post prepared on it... Basically, one of the tools globohomo has is that they can artificially inflate the economy of a country in order to later deflate or crash it and cause a depression; they can then utilize the widespread pain generated by such a move to enact certain political changes that they want. This seems to be in store for America, currently in the biggest bubble of all time. The objective? Instituting CBDCs which will result in the greatest loss of freedom in human history...
Griffin's book is enlightening, and I would also recommend my own recent U.S. history, "Our Country Then and Now," which provides additional detail on US monetary history from my 21-year tenure at the US Treasury Department. The book also covers my work with the American Monetary Institute and Congressman Dennis Kucinich leading to the introduction in Congress of the NEED Act of 2011. This would replace the Federal Reserve with an indigenous monetary system for the U.S., built on similar principles to the Greenbacks that provided a "peoples' currency" from the Civil War into the 20th century.
I have also been writing on these themes on my Three Sages substack, particularly the interview with Jeff Brown. See: https://montanarcc.substack.com/
In my book, I make a point that fractional reserve banking must always be viewed in conjunction with usury. Of course both practices extend far back in history, though we can trace their development from medieval Venice to Amsterdam to London and then to the Bank of England. Shakespeare captured what was going on perfectly in his "Merchant of Venice."
Later on, once Cecil Rhodes and Nathaniel Rothschild set out to "recover American for the British Empire," the door flew open to what I call the "Insurrection of 1913"; i.e., the Federal Reserve Act. The immediate purpose was to harness America's industrial might to be monetized for Britain and France to use in World War I to annihilate Germany. Germany at that time was the most advanced nation in Europe on all levels, including spiritually.
After this was done, and today's Anglo-American-Zionist Empire came into being, the U.S. lived off the war's bounty until the Bank of England crashed the world economy in 1929 in order to get back the gold it had shipped to the U.S. during the war. I describe how they did this in my book. Then it was off to the races for WWII and beyond, bringing us to the cusp of WWIII.
Anyway, it's all a fascinating and important study. For a startling account of the struggle in America between the Money Power led by Alexander Hamilton and democracy behind Jefferson, Madison, and Andrew Jackson, see former President Martin Van Buren's classic study, "Inquiry Into the Origin and Course of Political Parties in the United States," published in 1867 and available today.
btw, another outstanding book is Guido Preparata's "Conjuring Hitler: How Great Britain and America Created the Third Reich and Destroyed Europe." This book contains probably the best history ever written on how the Bank of England entangled Germany in its financial manipulations as a means of wiping Germany off the map. Provides a lot more detail than I have on how the BoE brought on the Great Depression. An incredible story. Well worth reading. Preparata leaves it an open question as to whom the BoE was really working for. If we could answer that, we'd really have the key.
Great. I'm looking forward to reading your articles on Guido's books. I've never met him in person but consider him a friend. The first edition of Conjuring Hitler was indispensable in writing my own book. Never could have maneuvered the minefield of the run-up to WWII without it. His suggestion that Hitler and Churchill made a deal where Germany turned back from the Middle East in exchange for Churchill's leave to attack the Soviet Union knocked my socks off. Otherwise, Germany was poised to take Palestine which Britain had promised to the Zionists. Greatly looking forward to reading more of your material.
Clearly the issue then is private banking, and the solution is making banking public. If banking is treated like a utility as opposed to a profit making venture then there's no way for a parasite to make economic rent and drive the population into debt slavery. Ellen Brown talks a lot about this. Would recommend her articles
Ed Griffin’s return to gold standard is not a solution. Bankers already defeated the gold standard.
Nationalizing the Fed would hurt bankers. That explains why the other book is banned.
Great article. I am working on a fictional book about Satoshi Nakamoto and why he invented Bitcoin. I will be including all these conspiracies about money in my story. You should check it out.
Thanks Satoshi. Yes, I think your answer is correct why Goodson’s book is banned and Griffin’s book is not. Regarding Bitcoin, sure, I’d be interested in seeing it when it’s done. I think the idea of Bitcoin is a beautiful one — decentralized, ledgered, verifiable, easily transmittable money which is limited in how much can be printed - however, I have been turned off by cryptocurrency because of what I view as the largest non-governmental ponzi scheme in history, which is the Tether scam. I hope you address its criticisms in your book. I wrote about Tether here: https://neofeudalreview.substack.com/p/misconceptions-regarding-viewing
First off: I enjoy your work, have read much of it, and think your observations and ideas are useful and thought-provoking.
On this comment, however, I choked, because I've spent nearly a decade working with blockchain tech.
In the history of oil, or railroads, it's visible that fundamental new tech is often accompanied (and possibly driven) by scams.
I agree with everything you write about Tether.
However, the existence of a scam, however large, does not invalidate the tech.
Bitcoin and its derivatives are a fundamental shift in the way in which money is structured. This will have interesting downstream effects on political structures.
So: I was surprised to read the sentence "turned off by cryptocurrency because of ... Tether". This is like being turned off stock exchanges because of the South Sea bubble.
It's an understandable reaction, but it does not assign importance correctly.
Thanks StJohn, you could be right and I don’t mean to invalidate your work, so my apologies if you took it that way. The future of money increasingly looks like it will incorporate aspects of blockchain/cryptocurrency in whatever form it takes.
I focused on Tether because few people understand it as a kind of central bank of the crypto ecosystem, printing funds out of thin air to pump or contract market valuations — the avoidance of which, compared to fiat with the Federal Reserve, has been one of its main selling points! If people understood what it was and invested anyway I would have less of a problem with it, I think…
"if you took it that way. " - I did not, but thank you.
"The future of money increasingly looks like it will incorporate aspects of blockchain/cryptocurrency in whatever form it takes." - yes, exactly.
"focused on Tether" - I thought the Tether article was great, btw. Perfectly fine with "expose scam".
"If people understood what it was and invested anyway I would have less of a problem with it, I think…" - Reasonable.
I'll expand slightly on my worldview (which is just mine, not necessarily the truth): I'm mostly interested in Bitcoin because of its capacity to provoke inter-elite competition over a perfectly scarce resource, thus opening up the political landscape. Whether or not things like Tether are used to scam the retail customer is... not relevant to this capacity.
Cryptocurrency is bad because they have their own money printer. Bitcoin is different from rest of crypto.
However I recently read Hijacking Bitcoin. It says that bankers captured Bitcoin via BTC and that Bitcoin Cash is the real Bitcoin. That is another rabbit hole to dig into.
I’ll read your tether article. Tether is a scam most likely powered by Elites. That is why it is still active. They used it to prop up BTC.
An excellent article. These banking systems are so corrupt that I have no idea what a solution would even look like. Myanmar(This is not an endorsement of the Tatmadaw they are disgusting old people who went along with the Covid insanity) today and several regimes in the past seemed to try and solve some of these issues by putting the military in charge of the banking system. That doesn't really seem like a great idea or even really a possibility these days. Have you come across any proposals for fixing this mess that you think could work?
Thanks … . Yes, the degree of financialization is so deeply embedded and so metastasized, affecting every aspect of the economy and daily living, that it unfortunately makes a solution a radical idea at this point. Rep. Massie introduced a Federal Reserve Board Abolition Act to "End the Fed" earlier this year: https://massie.house.gov/news/documentsingle.aspx?DocumentID=395644
People are so brainwashed and ignorant that the real thing needed at this point is education…
"Mr. Chairman, when the Federal Reserve act was passed, the people of the United States did not perceive that a world system was being set up...and that this country was to supply financial power to an international superstate -- a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure." -- Rep. Louis McFadden, 1932
Paul Warburg, the "architect of the Fed", was also a founding director of the Rockefeller-dominated Council on Foreign Relations, and many of the Fed officials since have been CFR members, including Yellen and Powell. See related articles:
Amazing article, I have read Goodson's book and it's really a truth-bomber even though some of its claims are a bit exaggerated (like Gavrilo Princip's origin), I also want to buy it to keep a hardcover on my library.
As for reserve banking itself, it's fraudulent by default, in particular when private individuals are in control of the bank. Gold may seem like a better option than the current fiat paper we trade, which is why it's hyped up by every alt media out there, yet there is no discussion regarding the flaws of the banking system itself. Goodsoon's views may have been shaped by what he saw during his work because the Reserve Bank of South Africa is fully private-owned like the US Fed. Greece is a similar case, only 35% is under state control and there is complete lack of transparency, not to mention that during austerity years (2010-2018) they amended their statute to allow foreigners to own shares of the bank: https://t.me/PoliticsGR/44. I have read a little about Islamic banking, it's the main system of Iran and very prominent in the Gulf states and Malaysia. It seems promising as a system even though it has its own idiosyncrasies (like differences between countries in the interpretation of Islamic law).
By the way, I have began writing about geopolitics on Substack, I have strong activity on Telegram and want to publish more concrete viewpoints in Substack as it's a better platform, so if you want keep an eye on it.
And every successive bailout becomes the greatest transfer of wealth up the social pyramid in the history of the world. Covid policy largely was designed as a 5+trillion bank bailout.
Which is why I have been calling since 2008 for taking some central bankers out to the Marianas Trench ND make a deposit on a better future.
This article is fully backed by knowledge. There might be a romantic glow to gold and silver, but regardless of that they are real money and must be the basis - gold in particular - of future credit distribution.
Does this explain the foot dragging on replacing Jackson on the 20 with Harriet Tubman? I think it might. It is certainly hard to imagine what else would be holding them back.
Thank you for a very interesting post. Just one issue - is this just the western world? Are other non-western central banks also private - for example, China. I've read some stuff by Michael Hudson which seemed to be arguing that the Chinese state controls finance capital? But it seems to me the Chinese seem pretty much onboard with the big international organizations such as the IMF and World Bank, United Nations etc?
Hi John, good question. It's my belief that the world's central banks are owned, although obscured through a variety of legal mechanisms, by the same owners of the central banks of England and the U.S. These people would never have built up China without having assurances that they were in control of it. With respect to the international organizations, this post will hopefully answer your question: https://neofeudalreview.substack.com/p/the-global-world-order-is-centralized
>But it seems to me the Chinese seem pretty much onboard with the big international organizations such as the IMF and World Bank, United Nations etc?
Yes, they are. I found this speech by the current World Bank President from last March quite interesting:
Remarks by World Bank Group President Ajay Banga at the China Development Forum
"In 1978, 770 million people in China lived on the razors edge of extreme poverty. Nearly every single person – 98 percent – in the rural countryside were below the poverty line.
But, the same year, China launched a determined strategy to embrace difficult reforms that fundamentally changed its development trajectory.
Within two years, World Bank President Robert McNamara was in Beijing, working with the government on a unique collaboration—one built not just on finance, but knowledge."
and
"It [China] has transitioned from taking World Bank grants – those reserved for the most in need – to giving as one of our largest donors."
As for the UN, Xi Jinping met with UN Secretary-General just a couple of days ago at the Shanghai Cooperation Organization summit in Astana. You be the judge of his comments...
Xi says UN's role as core platform for practicing multilateralism should be strengthened
AUTHOR: "only a strong monarch,... has the power to keep oligarchical monopoly formation in check." See the English Civil War, also fought in America. Kings lost their power because they replaced the nobility with a King controlled army, which made sense at the time, but the paid armies turned. If you compare pictures of nobles between the 14th and 18th, you will see they went from rugged to faggoty dressed in Whigs and silk, because nobles no longer had a martial obligation or could fight for titles. The Christian Knighthoods were like the Iranian Basij, which protected Christianity, became high society clubs.
The Fed is partly nationalized. Yes, the Fed governors have an unconstitutional level of independence form the President, but the Treasury gets the profits from the Fed. When the Treasury borrows from the Fed, it is an accounting fiction. It is no different than simply printing greenbacks.
Other than that, your article is spot on.
The real challenge is how to back out of this system.
To some degree we made a partial backout by creating FANNIE MAE and FREDDIE MAC. For the most part, home loans are no longer financed by bank deposits. Banks are just sales fronts and bill collectors. (On the downside, while this reduces the amount of maturity transformation, it does fuzz up the issue of skin in the game. Witness 2008. And it centralizes too much activity in Wall St. In theory, it would be possible for community banks to finances mortgages without maturity transformation https://conntects.net/blogPosts/GreenandFree/68/Mortgages-Without-Maturity-Transformation )
Importing people and goods are what props up the system and keeps inflation at bay for now. This could be viewed as a continuous bailout, lessening the need for the dramatic one time bailouts that we all know.
Hi barca, I agree with you that importing people keeps wages artificially depressed which decreases consumption rates by the lower and middle classes. Still, I would argue that we have substantial current inflation (20% increases YOY in grocery bills, for example, and housing prices have only gone up despite interest rates tripling), and that it is globohomo's massive and unprecedented monetary printing that is keeping the system together at this point...
There is convincing research that shows the onset of inflation tracked with covid immigration restrictions. We are probably still experiencing knock on inflation from that initial shock. Growth in money causes inflation only if supply remains fixed. Importing people and goods delays this but only so long. Once the dollar is no longer wanted abroad (possibly when the US Navy is defeated) the US will suffer from crushing inflation. I'm not looking forward to it but it's coming.
Yes, it’s coming. The Federal Reserve did print an astonishing $11 trillion during “COVID”; compare that to the 2008 financial crisis bailout which all-in cost $800 billion…
The Lindbergh contribution....
https://frederickrsmith.substack.com/p/the-lindbergh-legacy-21-01-19
Once again great essential work. I salute you!
These are not mysterious forces at work. Human beings are doing this. With impunity, on an international scale. The people doing this to us have names. They are well known. They move about freely. They have been parasites on humanity for over 100 years.
Imagine in a neighborhood there is a big house inhabited by a clan of extremely criminal and dangerous men. They have repeatedly done grevious harm to everyone in that neighborhood. They are never arrested nor incarcerated because they have loads of cash to bribe police, DAs and judges. In a worst case scenario, they will have opponents assassinated.
At what point do the residents of that neighborhood decide that a battle to the death against these forces is preferable to allowing the evil to continue, for the rest of their lives and for the lives of their descendants to come.
Thanks Prodigal. The comparison of our financial overlords to the mafia is a good one.
I think the first step toward any change is education. The vast majority have no understanding of the system in which they live operates, and they are easily distracted not just by the media and entertainment but by race, gender, sexual orientation grievances. The way it is looking now is that an upcoming financial crisis will result in a panic and used to usher in CBDCs, which will result in the greatest loss of freedom in human history, along with a shit to a “multi-polar world” which will have the same financial mafia figures at the top.
The more people can come to understand the actual structure of the modern world, the greater the opportunity for an alternative future arises…
I'm afraid I cannot but agree entirely with your forecast. Staggering hardship seems unavoidable at this point. But I think and hope it will wake people up. First there will be hell to pay, though. Literally.
To quote from your Tether article:
per Gustave Le Bon, “The masses have never thirsted after truth. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim.”
I agree wholeheartedly with this quote.
I note however that this conflicts with "the first step toward any change is education."
Suggestion: Alter this idea to "the first step toward any change is education of a counter-elite".
I have recently been reading James Burnham - he notes that freedom only exists as a product of conflict between elites, who under the pressure of this conflict make concessions to middle-ranking men.
Yes, you are of course correct, StJohn. The masses will always do what they’re told. But the search for truth is more than a simple quest for power; it is the willingness to follow one’s instincts even at the cost of social status. As Ernst Junger stated when he was almost 100 years old, “The sociological definition of elite is already an indication of the corruption of the concept. A warning, for me, to no longer trust even the elites, but now only the great loners.”
From: https://juengertranslationproject.substack.com/p/the-coming-titans-ernst-junger
Aha, ok, I see where you're coming from.
If you mean interior personal change, then yes, I agree.
If you mean exterior political change, I'd stand by Burnham.
Have you ever read Princes of the Yen? Although it was at one point more popular than Harry Potter in Japan, the author could not find an American publisher. I’d be very curious to see how you would integrate the thesis of the book into your own worldview. In a nutshell, the Japanese lost decade could have been easily avoided but a faction within the Japanese financial system wanted to discredit the ministry of finance in order to loose its grip on the Japanese Central Bank and make it more “independent”, as well as use the financial crisis to address “structural” economic “issues”.
Great question, Dallas. I have not read Princes of the Yen but I did watch the documentary on it, which is available on Youtube for free: https://www.youtube.com/watch?v=17IKA-YsqXQ
I have a future post prepared on it... Basically, one of the tools globohomo has is that they can artificially inflate the economy of a country in order to later deflate or crash it and cause a depression; they can then utilize the widespread pain generated by such a move to enact certain political changes that they want. This seems to be in store for America, currently in the biggest bubble of all time. The objective? Instituting CBDCs which will result in the greatest loss of freedom in human history...
Funny coincidence, just yesterday evening started reading Preparata's "Empire & Church. Great stuff. Great scholar.
Griffin's book is enlightening, and I would also recommend my own recent U.S. history, "Our Country Then and Now," which provides additional detail on US monetary history from my 21-year tenure at the US Treasury Department. The book also covers my work with the American Monetary Institute and Congressman Dennis Kucinich leading to the introduction in Congress of the NEED Act of 2011. This would replace the Federal Reserve with an indigenous monetary system for the U.S., built on similar principles to the Greenbacks that provided a "peoples' currency" from the Civil War into the 20th century.
Here is the book link: https://www.amazon.com/Our-Country-Then-Richard-Cook/dp/1949762858
I have also been writing on these themes on my Three Sages substack, particularly the interview with Jeff Brown. See: https://montanarcc.substack.com/
In my book, I make a point that fractional reserve banking must always be viewed in conjunction with usury. Of course both practices extend far back in history, though we can trace their development from medieval Venice to Amsterdam to London and then to the Bank of England. Shakespeare captured what was going on perfectly in his "Merchant of Venice."
Later on, once Cecil Rhodes and Nathaniel Rothschild set out to "recover American for the British Empire," the door flew open to what I call the "Insurrection of 1913"; i.e., the Federal Reserve Act. The immediate purpose was to harness America's industrial might to be monetized for Britain and France to use in World War I to annihilate Germany. Germany at that time was the most advanced nation in Europe on all levels, including spiritually.
After this was done, and today's Anglo-American-Zionist Empire came into being, the U.S. lived off the war's bounty until the Bank of England crashed the world economy in 1929 in order to get back the gold it had shipped to the U.S. during the war. I describe how they did this in my book. Then it was off to the races for WWII and beyond, bringing us to the cusp of WWIII.
Anyway, it's all a fascinating and important study. For a startling account of the struggle in America between the Money Power led by Alexander Hamilton and democracy behind Jefferson, Madison, and Andrew Jackson, see former President Martin Van Buren's classic study, "Inquiry Into the Origin and Course of Political Parties in the United States," published in 1867 and available today.
Thanks Richard, your book looks interesting as well as the links you've referenced.
Thanks. I'm taking the liberty to publish my response to your excellent article on my own substack. https://montanarcc.substack.com/p/review-of-fractional-reserve-banking
btw, another outstanding book is Guido Preparata's "Conjuring Hitler: How Great Britain and America Created the Third Reich and Destroyed Europe." This book contains probably the best history ever written on how the Bank of England entangled Germany in its financial manipulations as a means of wiping Germany off the map. Provides a lot more detail than I have on how the BoE brought on the Great Depression. An incredible story. Well worth reading. Preparata leaves it an open question as to whom the BoE was really working for. If we could answer that, we'd really have the key.
Thank you, I restacked it. You show your erudition by quoting Preparata. Yes, his book is really crucial to understanding World War 2. I covered Conjuring Hitler here: https://neofeudalreview.substack.com/p/british-and-american-machinations , and his book on the skinsuiting of the Catholic Church here: https://neofeudalreview.substack.com/p/how-globohomo-skinsuited-the-catholic
His books are delightful and I've read everything he has written. He also has a bunch of nice interviews on Youtube if you havn't seen them...
Great. I'm looking forward to reading your articles on Guido's books. I've never met him in person but consider him a friend. The first edition of Conjuring Hitler was indispensable in writing my own book. Never could have maneuvered the minefield of the run-up to WWII without it. His suggestion that Hitler and Churchill made a deal where Germany turned back from the Middle East in exchange for Churchill's leave to attack the Soviet Union knocked my socks off. Otherwise, Germany was poised to take Palestine which Britain had promised to the Zionists. Greatly looking forward to reading more of your material.
Clearly the issue then is private banking, and the solution is making banking public. If banking is treated like a utility as opposed to a profit making venture then there's no way for a parasite to make economic rent and drive the population into debt slavery. Ellen Brown talks a lot about this. Would recommend her articles
Ed Griffin’s return to gold standard is not a solution. Bankers already defeated the gold standard.
Nationalizing the Fed would hurt bankers. That explains why the other book is banned.
Great article. I am working on a fictional book about Satoshi Nakamoto and why he invented Bitcoin. I will be including all these conspiracies about money in my story. You should check it out.
Thanks Satoshi. Yes, I think your answer is correct why Goodson’s book is banned and Griffin’s book is not. Regarding Bitcoin, sure, I’d be interested in seeing it when it’s done. I think the idea of Bitcoin is a beautiful one — decentralized, ledgered, verifiable, easily transmittable money which is limited in how much can be printed - however, I have been turned off by cryptocurrency because of what I view as the largest non-governmental ponzi scheme in history, which is the Tether scam. I hope you address its criticisms in your book. I wrote about Tether here: https://neofeudalreview.substack.com/p/misconceptions-regarding-viewing
First off: I enjoy your work, have read much of it, and think your observations and ideas are useful and thought-provoking.
On this comment, however, I choked, because I've spent nearly a decade working with blockchain tech.
In the history of oil, or railroads, it's visible that fundamental new tech is often accompanied (and possibly driven) by scams.
I agree with everything you write about Tether.
However, the existence of a scam, however large, does not invalidate the tech.
Bitcoin and its derivatives are a fundamental shift in the way in which money is structured. This will have interesting downstream effects on political structures.
So: I was surprised to read the sentence "turned off by cryptocurrency because of ... Tether". This is like being turned off stock exchanges because of the South Sea bubble.
It's an understandable reaction, but it does not assign importance correctly.
Thanks StJohn, you could be right and I don’t mean to invalidate your work, so my apologies if you took it that way. The future of money increasingly looks like it will incorporate aspects of blockchain/cryptocurrency in whatever form it takes.
I focused on Tether because few people understand it as a kind of central bank of the crypto ecosystem, printing funds out of thin air to pump or contract market valuations — the avoidance of which, compared to fiat with the Federal Reserve, has been one of its main selling points! If people understood what it was and invested anyway I would have less of a problem with it, I think…
"if you took it that way. " - I did not, but thank you.
"The future of money increasingly looks like it will incorporate aspects of blockchain/cryptocurrency in whatever form it takes." - yes, exactly.
"focused on Tether" - I thought the Tether article was great, btw. Perfectly fine with "expose scam".
"If people understood what it was and invested anyway I would have less of a problem with it, I think…" - Reasonable.
I'll expand slightly on my worldview (which is just mine, not necessarily the truth): I'm mostly interested in Bitcoin because of its capacity to provoke inter-elite competition over a perfectly scarce resource, thus opening up the political landscape. Whether or not things like Tether are used to scam the retail customer is... not relevant to this capacity.
Cryptocurrency is bad because they have their own money printer. Bitcoin is different from rest of crypto.
However I recently read Hijacking Bitcoin. It says that bankers captured Bitcoin via BTC and that Bitcoin Cash is the real Bitcoin. That is another rabbit hole to dig into.
I’ll read your tether article. Tether is a scam most likely powered by Elites. That is why it is still active. They used it to prop up BTC.
Thanks for the mention and this essay is over the top! Great Job!!
An excellent article. These banking systems are so corrupt that I have no idea what a solution would even look like. Myanmar(This is not an endorsement of the Tatmadaw they are disgusting old people who went along with the Covid insanity) today and several regimes in the past seemed to try and solve some of these issues by putting the military in charge of the banking system. That doesn't really seem like a great idea or even really a possibility these days. Have you come across any proposals for fixing this mess that you think could work?
Thanks … . Yes, the degree of financialization is so deeply embedded and so metastasized, affecting every aspect of the economy and daily living, that it unfortunately makes a solution a radical idea at this point. Rep. Massie introduced a Federal Reserve Board Abolition Act to "End the Fed" earlier this year: https://massie.house.gov/news/documentsingle.aspx?DocumentID=395644
People are so brainwashed and ignorant that the real thing needed at this point is education…
"Mr. Chairman, when the Federal Reserve act was passed, the people of the United States did not perceive that a world system was being set up...and that this country was to supply financial power to an international superstate -- a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure." -- Rep. Louis McFadden, 1932
modernhistoryproject.org/mhp?Article=McFadden1932
Paul Warburg, the "architect of the Fed", was also a founding director of the Rockefeller-dominated Council on Foreign Relations, and many of the Fed officials since have been CFR members, including Yellen and Powell. See related articles:
modernhistoryproject.org/mhp?Entity=WarburgPM
Book "Secrets of the Federal Reserve" by Eustace Mullins, with audio for each chapter:
modernhistoryproject.org/mhp?Article=FedReserve
Amazing article, I have read Goodson's book and it's really a truth-bomber even though some of its claims are a bit exaggerated (like Gavrilo Princip's origin), I also want to buy it to keep a hardcover on my library.
As for reserve banking itself, it's fraudulent by default, in particular when private individuals are in control of the bank. Gold may seem like a better option than the current fiat paper we trade, which is why it's hyped up by every alt media out there, yet there is no discussion regarding the flaws of the banking system itself. Goodsoon's views may have been shaped by what he saw during his work because the Reserve Bank of South Africa is fully private-owned like the US Fed. Greece is a similar case, only 35% is under state control and there is complete lack of transparency, not to mention that during austerity years (2010-2018) they amended their statute to allow foreigners to own shares of the bank: https://t.me/PoliticsGR/44. I have read a little about Islamic banking, it's the main system of Iran and very prominent in the Gulf states and Malaysia. It seems promising as a system even though it has its own idiosyncrasies (like differences between countries in the interpretation of Islamic law).
By the way, I have began writing about geopolitics on Substack, I have strong activity on Telegram and want to publish more concrete viewpoints in Substack as it's a better platform, so if you want keep an eye on it.
Thanks Petros, nice comment. I will check out your Substack. With respect to Islamic banking, unfortunately my understanding is that the modern implementation of it is generally Western-style usury in drag, as discussed here: https://en.wikipedia.org/wiki/Islamic_banking_and_finance#Imitation_of_conventional_finance
Before the modern era, Islamic banking was quite different from its western counterpart...
And every successive bailout becomes the greatest transfer of wealth up the social pyramid in the history of the world. Covid policy largely was designed as a 5+trillion bank bailout.
Which is why I have been calling since 2008 for taking some central bankers out to the Marianas Trench ND make a deposit on a better future.
This article is fully backed by knowledge. There might be a romantic glow to gold and silver, but regardless of that they are real money and must be the basis - gold in particular - of future credit distribution.
Does this explain the foot dragging on replacing Jackson on the 20 with Harriet Tubman? I think it might. It is certainly hard to imagine what else would be holding them back.
Thank you for a very interesting post. Just one issue - is this just the western world? Are other non-western central banks also private - for example, China. I've read some stuff by Michael Hudson which seemed to be arguing that the Chinese state controls finance capital? But it seems to me the Chinese seem pretty much onboard with the big international organizations such as the IMF and World Bank, United Nations etc?
Hi John, good question. It's my belief that the world's central banks are owned, although obscured through a variety of legal mechanisms, by the same owners of the central banks of England and the U.S. These people would never have built up China without having assurances that they were in control of it. With respect to the international organizations, this post will hopefully answer your question: https://neofeudalreview.substack.com/p/the-global-world-order-is-centralized
>But it seems to me the Chinese seem pretty much onboard with the big international organizations such as the IMF and World Bank, United Nations etc?
Yes, they are. I found this speech by the current World Bank President from last March quite interesting:
Remarks by World Bank Group President Ajay Banga at the China Development Forum
"In 1978, 770 million people in China lived on the razors edge of extreme poverty. Nearly every single person – 98 percent – in the rural countryside were below the poverty line.
But, the same year, China launched a determined strategy to embrace difficult reforms that fundamentally changed its development trajectory.
Within two years, World Bank President Robert McNamara was in Beijing, working with the government on a unique collaboration—one built not just on finance, but knowledge."
and
"It [China] has transitioned from taking World Bank grants – those reserved for the most in need – to giving as one of our largest donors."
https://www.worldbank.org/en/news/speech/2024/03/24/remarks-by-world-bank-group-president-ajay-banga-at-the-china-development-forum
As for the UN, Xi Jinping met with UN Secretary-General just a couple of days ago at the Shanghai Cooperation Organization summit in Astana. You be the judge of his comments...
Xi says UN's role as core platform for practicing multilateralism should be strengthened
https://english.news.cn/20240704/06bb81d07a904115845aee8829ba55b5/c.html