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Inflation does not diminish debt and it does not destroy wealth!

It is not possible to ‘inflate our way out of debt’. It does not destroy wealth either. It transfers wealth.
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Meanwhile, at the Daily Bell……they may have a point about Ms. Brown and OWS

The Daily Bell remains a leading source of Libertarian spin for the conspiracy market. Recently they posted two articles. One rather brazen, the other rather worrying. They wrongly attack Lincoln, but how about their critique of Ms. Brown’s alignment with OWS?

They remain an interesting challenge. They never stop and why would they, they are well paid. More importantly, they are good at what they do. It’s useful to keep an eye on them, if only to know in what direction the spin is developing. And, good disinformation can be quite instructive.

Interestingly, as pointed out independently by two allies, lately they are featured often at Alex Jones’s. This is surprising to my mind, as it seems that Alex Jones may be end of life as a propagandist since David Taylor is on his case. With the heavy intellectual investment made in the Daily Bell it is surprising they would risk damaging this asset by associating it with him. On the other hand: the MSM still exists, so perhaps the expectation of Jones’s demise is premature.

Lincoln
Well, according to the elves Lincoln was a Money Power agent!

The elves are obviously right when saying the Civil War had nothing to do with Emancipation. Only the ultra naive would suggest otherwise, nowadays. Which does not mean the notion is not still widespread, of course.
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Demystifying the ‘Conspiracy’

When we wake up to the fact that the world is tightly controlled from the top down, we first marvel at the wonderful edifice that they built. It’s normal to be awestruck by the pervasive complexity of the lie that blinded us for so long.
But once we recover from the shock, it transpires it could not have been otherwise. Power vacuums cannot exist. They must be filled. It is the most ruthless that prevail.
The Money Power’s ascendancy was inevitable. Not because they are so brilliant, but because of the strategic assets that gave them a strong position.

The struggle for World Power is an all out struggle between all relevant players. Who are these relevant players? The Vatican comes to mind. The major continental powers like the US, Russia, China, India and Germany. And of course the Money Power. The Money Power won, or at any rate holds a decisive advantage: maybe +5 (not far from a forced mate) in modern chess terms.

But only the elites! That’s quite fundamental: most people couldn’t care less about Empire, the more so if they have to sacrifice for it. Empire is an elite issue. The struggle for World Power is only relevant for the National Elites. Also in Jewry. Most Jews are just stupid pigs to the Money Power, their ‘lesser brethren’. Just like the normal Gentile. And just like National non-Jewish elites utterly despise their poorer and less cultivated countrymen also.

The Protocols themselves state that “Around us again will be a whole constellation of bankers, industrialists, capitalists and – THE MAIN THING – MILLIONAIRES, BECAUSE IN SUBSTANCE EVERYTHING WILL BE SETTLED BY THE QUESTION OF FIGURES.

To the Money Power a Gentile Billionaire is worth his weight in Gold, a poor Jew is just another pawn to be sacrificed.

The post mortem analysis of the game (maintaining chess terminology) for World Power shows there are several reasons for their victory:
1. The age of their race, they go back millennia.
The German Nation was united only in 1871. The Money Power already ruled supremely at that stage.

2. Their control of finance.
Probably their greatest asset. They were taught banking in Babylon, where it was part of the Ancient Mystery tradition. Most Gentiles (and non-initiated Jews) are completely oblivious to even the most basic tenets of monetary theory and practice.
In the center of the world economy a massive black hole resides. A multi-hundred-trillion dollar asset position that MUST grow with 5% per year. A relentless magnet, unstoppably sucking the lifeblood out of the many. In short: Usurious Usurpation.

3. The Diaspora, giving them a truly global reach.
The Diaspora’s internationalism fits well with their equally cosmopolitan Banking Empire.

4. Antisemitism.
In the Protocols and in the brilliant Defamation film Antisemitism is analyzed as a tool to control the diaspora. But no less important has been its use in controlling the Gentiles. The self-censorship that the fear of being labeled an antisemitic hater has created is quite impressive and there can be no doubt about its crucial role in the ascendency of the Money Power’s New World Order.

5. A truly comprehensive ideology for conquest, completely alien to the spiritual traditions of brotherhood prevalent in all other major religions. It’s not just the degenerate Talmud, but also the highly sophisticated Cabbalah with its amoral God.

6. A large population. They are said to number only 15 million, but recently Edgar Portisch reported that their real number is probably closer to 120 million. This makes much sense and also makes them a Great Power just by population.

Conclusion
We are confronted with a reality so alien to us, it is truly very hard to really deeply admit this is the case: the world is ruled by Jewish Elites, co-opting Gentile rulers. They rule through finance and the diaspora.

It basically has little to do with normal Jewish people, who are often poor. But it is also undeniable they do receive privileges from membership of the Tribe. These privileges maintain their loyalty, or at any rate disables potential opposition. In this way many ordinary Jews share karmically in the crimes of their leaders.

This happens to all nations. As a Dutchman I share in the burden of the past colonization of Indonesia. With an Irish mother, I share in the anger against the English. All nations are both victims and perpetrators.

This acknowledgement is the beginning of the solution.

Also the Money Power is known to use Jewry as a source for manpower in the lower ranks. This increases the Jewish nature of their domination, but it also enables them to hide their true identity (which is utterly cosmopolitan) behind a basically hapless Nation. Just like American privilege sedates the American sense of justice. It’s human nature, nothing weird or dramatic. Jewish people suffer the none too light fate of world hegemony. There is nothing to be jealous of. Wealth diminishes our chances of entering the Lord’s Kingdom. This is only one life. Others follow.

The Money Power originated within the Jewish Nation and hides behind it. This makes the fate of the Jewish Nation unique. But still completely natural and understandable. Their strategic assets gave them a head start over the Chinese, the Germans, Russians or the Mali Empire, for that matter.

Each Nation is both a perpetrator and a victim.

This, and our common enemy, is what unites us.

Related:
Usurious Usurpation
Understand that the Banking System is One
Yes, the Money Power is Jewish
On Interest

The Greatest Victory

Jesus Christ

“Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.”

To those interested in Christ, as opposed to Christianity, Easter seems far more important than Christmas. But what is it really all about?

By Anthony Migchels

It is said that during Easter we first mourn Christ’s painful death and then celebrate His miraculous rise. But as usual all is not clear cut.

Easter is closely related to the Jewish Passover, commemorating the Exodus.
The symbol of the Easter Egg, while said to refer to the empty tomb, reminds us more of a sort of fertility symbol. And since this is the time to sow for the next harvest this does seem a plausible interpretation.

It is not even clear whether Christ really died on the Cross. Part three of the Abrahamic Trilogy says that Jesus was taken off the cross by some of His helpers.

Interestingly, Allah sternly warns us to desist from the notion of the Trinity. Allah can destroy the Christ, but the Christ cannot destroy Allah. Says Allah. Simple logic, and thus hard to negate. Christ Himself most certainly never said anything even hinting at parity with the One. He was always very outspoken in the order of things: Christ asks, God gives, if He is willing.

The Trinity is one of Paul’s inventions. And although the book of Acts do seem to authorize him as Christianity’s leading apostle, it’s hard to forget he was once Saul, member of the Sanhedrin. We have only his own statements about his conversion to rely on. It’s hard to believe I’d be the first to suggest Saul may have been a Marano/Crypto Jew ‘avant la lettre’. There are many hints in his letters that suggest this may be the case.

The Qur’an states Christ was the only man not to be touched by Satan at birth. Born from the only woman not to be touched by Satan at birth. That’s quite special enough, in my book.

Is all this important? Probably not. The Qur’an explains we’re only human and cannot know, do not need to know. Until we do we should heed: “To each religious community we have given a direction which it follows, so compete all together in the performance of good deeds. (Qur’an 2:148)”

Yes, humility is higher than knowledge. The meek, not the intelligent will inherit the earth.

But we do know this, from the King James’s Bible, John 2:13-16:
13And the Jews’ passover was at hand, and Jesus went up to Jerusalem.
14And found in the temple those that sold oxen and sheep and doves, and the changers of money sitting:
15And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers’ money, and overthrew the tables;
16And said unto them that sold doves, Take these things hence; make not my Father’s house an house of merchandise.

This is what got Christ on the Cross, whether He died there or not. He was messing up the Money Power’s business.

This lone man Jesus constructed a whip and just kicked Satan’s children out of the Temple. Their response was to (try to) murder him in a despicable way, but in doing so they created the most famous martyr ever.

The very least we can say about Easter is that we remember this brave man, untouched by Satan, dealing the Money Power a lethal blow.

His example shows, even 2000 years later, that not only must the Money Power be confronted. But that victory is assured.

Thank you Jesus! May we never forget!

Yes, the Money Power is Jewish

Every researcher, author and reformer concerned with the monetary is confronted with the politically incorrect fact that the Money Power is Jewish. Should we circumvent the issue to avoid scaring people away from the all important monetary issue?
Probably not. Let’s stay as close to truth as possible. It ultimately brings the greatest chance of success.

Keith Gardner of the highly informative Liberty Revival Blog recently penned a short and forceful article titled ‘Zero Tolerance for Hate Speech‘. In it he basically states his position on ‘antisemitism’: the notion that the world is ruled by Jewish people. Gardner says for him this ‘antisemitism’ is unacceptable and unnecessary, even damaging to monetary reform.

Since I’m quite certain he had me amongst others in mind when writing the article and since he actually touches upon an important subject, I’ll respond to this. I know Gardner respects Real Currencies, but he does not want to associate himself with the rather direct approach. I have absolutely no problems with his statement, understand where he is coming from and continue to appreciate his powerful work.

I would like to suggest that Gardner is struggling with the issue himself. Of course it is not wise to speculate on the intentions or inner feelings of others, but in this case I fear not doing so because I’ve struggled with the same thing for ever. Henry Makow also needed years to admit the Illuminati are basically Jewish Supremacism, co-opting gentile competitors for World Power through Freemasonry and intermarriage. Just read his pre 2008, 2009 work, you’ll see he named the conspiracy in just about every way possible, before eventually settling for the ‘Illuminati Jews’ mode.

Gardner even goes as far to say he won’t allow ‘antisemitic’ comments on his site. That’s his good right of course, but his original position seemed more logical to me: just state you don’t agree, but allow ‘antisemitic’ comments. In this way he would not alienate people who would greatly benefit from his thinking, but who have advanced beyond the basic political correct mind control.

Gardner is aware of Jewish over-representation within what he calls the New World Order, but he’s concerned about two things:
1. Does naming them by their real name actually help monetary reform, or does it damage the cause because it scares of people not ready to face these issues yet?
2. The problem that far from all Jews are involved and that naming them ‘the Jews’ does injustice to those not part of the plan.

To begin with point 2: it’s not very complicated.
When we see a few hundred thousand American soldiers, under the orders of the US Federal Government invade some tiny country in the Middle East, we say:  America, or Americans have invaded this or that place. Do we blame all Americans? No.

Are all Americans partly responsible? If you look closely, you’ll find that 99% or more of Americans are in some way partly responsible for the invasion, even though it would be close to impossible to disentangle themselves from this responsibility. The problem is: we are highly connected and karmically linked to our nation.

So if we have a massive credit crunch and most of the main players are Jewish, is it strange or ‘antisemitic’ to say so? Clearly not. Do we blame all Jews by doing so? Clearly not. But a close look will show that many Jews are in some way in support of the Money Power: through the ‘schule’, the many Zionist organizations or other Jewish groups. Jews cling to the Money Power because they were heavily brainwashed to fear ‘antisemitism’.

Should we allow the Jews a special treatment in avoiding naming their ethnic background when they commit heinous crimes? I don’t see why.

And then the other problem, scaring away the hapless masses when discussing these things. Well, there is a case to be made that some outlets should provide less confrontational material. A gatekeeper like Alex Jones is actually helpful in that respect.

But I write for the initiated, that’s a choice I’ve made when starting this blog. I assume my readers are at least fairly well versed in the ways of the world. Makow tries to reach more people, but the point is: with his level of reporting it is impossible to reach more than the best and brightest individual thinkers out there. People just can’t stomach it until they’re ready themselves.

Another issue is credibility: we may reach the masses, but Alex Jones himself is widely criticized for avoiding the Jewish Question by people who have quit considering the New York Times as a serious outlet.

Another issue is that when more voices break through the Political Correct blanket covering our eyes, it becomes progressively easier for the next to do so too. The peer pressure to support the status quo lessens and a little less isolation is threatened for the brave soul crossing the divide.

By not speaking out, we help contain the masses from the truth. We basically let down our brethren at the forefront of the struggle who do speak out.

Conclusion
It’s difficult to say what’s best. I understand Gardner’s position and suspect he is still struggling with the conflicting data.

Interestingly, Makow just published an excellent article showing how the Jewish Question was a normal topic in the 1920’s. Churchill, for instance, wrote a famous article called ‘Zionism vs Bolshevism’, explaining the Jewish ‘conspiracy’. It was posted on the front page of a leading outlet in 1920.

The Second World War ended this. Just like with Interest Free Currency, ‘antisemitism’ was badly damaged through guilt by association. To me it is obvious that this was a crucial part of the Money Power’s calculations in instigating the war.

It seems likely they rest assured the Jewish Question as a political theme will be put to rest again after the next.

Perhaps this is the most pressing reason to stop ignoring the truth that the Money Power is Jewish.

Related:
Understand that the Banking System is One
Is Anti Usury Activism Antisemitic?
Demystifying the ‘Conspiracy’

Old Rothschild- and Rockefeller hands controlled the Libertarian-Communist dialectic

(left, Bernard Baruch, the Zionist millionaire who sponsored both the Bolshevik Revolution and the Libertarian movement in the United States)

Closing the circle, in this article Memehunter connects the founding fathers of the Libertarian party directly to the top of the Money Power chain of command. It was Alfred Kohlberg, fronting for his boss Bernard Baruch, who played a key role in both the cover up of Jewish involvement in Bolshevism and building up the other side of the dialectic: Libertarianism.

By Memehunter
For Henry Makow and Real Currencies

In How the Illuminati $pawn Libertarians, Anthony Migchels explained how a myriad Libertarian organizations were funded by the Illuminati Money Power. Today, we follow up on this article by explaining a key incentive behind this funding: To cover up the Illuminati Money Power’s connection with Communism.

The Illuminati Jewish bankers who were promoting Communism and had organized the Bolshevik Revolution were aware that many observers were beginning to connect the dots and to notice the importance of the Jewish involvement in Communism. Thus, in order to deflect criticism, they sought to show that there were Jews against Communism.

The American Jewish League against Communism
As explained in Illuminati Bankers controlled Joseph McCarthy, there were only two purposes for the founding of the American Jewish League against Communism, or AJLAC: “the number one purpose was to take the heat off the Jewishness of Communism, and a secondary aim was to get the Jews out of Communism and to support Zionism.”

The chairman of the AJLAC was Jewish businessman Alfred Kohlberg, head of the so-called “China Lobby”. The same Kohlberg, a close ally of Senator McCarthy, also co-founded the John Birch Society with Robert Welch and Fred Koch, head of Koch Industries.

Moreover, Kohlberg was a major sponsor of Plain Talk, which merged with the Freeman, a libertarian journal still published today by the Foundation for Economic Education (FEE), itself a direct offshoot of the William Volker Fund and an active supporter of the Mont Pelerin Society (see Proof Libertarianism is an Illuminati Ploy).

Who was hiding behind Alfred Kohlberg?
Although the connections between the AJLAC, the John Birch Society, and Libertarian outlets such as the FEE are already very revealing, Kohlberg seems at first to be merely another wealthy sponsor of Libertarianism. Things get more interesting, however, when we consider who Kohlberg was fronting for.

In fact, 90% of the funding for the AJLAC came from prominent Zionist millionaire Bernard Baruch, according to Norman Marks, a member of the national board of the AJLAC. But Baruch explicitly asked for his contribution to be unknown. He was essentially hiding behind Kohlberg.

Baruch, who had bought Woodrow Wilson’s letters to his mistress for $65,000 (an enormous sum at the time), wound up directing Wilson’s presidency from behind the scenes along with “Colonel” Edward Mandell House. As head of the War Industries Board during World War I, Baruch practically controlled the entire industrial output of the United States.

After the war, Baruch went to Versailles as a major advisor to the Zionist delegation who brought up the Rothschild-concocted Balfour Declaration and clamored for the establishment of a Jewish state in Palestine.

Later, the same Baruch was, once again, the unofficial dictator of the United States during Franklin Roosevelt’s presidency.

Of course, Baruch himself was an agent of the Rothschild, as several conspiracy historians have pointed out.

So, in a nutshell: The Rothschilds, who controlled the “socialist” Roosevelt administration and backed the Bolshevik Revolution, were also, via Baruch, via Kohlberg, behind the “right-wing” John Birch Society and the funding of the Libertarian movement in the United States.

The Rockefeller connection
The Rothschild dynasty was not the only one involved with funding Libertarian outlets and sponsoring Austrian economists. Not wanting to be outdone, the Rockefeller family also contributed its fair share.

Initially, William Volker did not apparently intend for his foundation to support Libertarian think tanks. However, when Volker’s nephew Harold Luhnow took control of the Volker Fund, its orientation changed.

During the 1930s, Luhnow had come into contact with longtime activist Loren Miller, who worked for and eventually headed the Detroit Bureau of Governmental Research (BGR). The BGR was directly funded by the Rockefeller Foundation, and Miller was most probably a Rockefeller agent.

It was Miller who introduced Luhnow to Austrian economist Friedrich von Hayek and convinced him to bring Hayek to Chicago. Miller went on to oversee the activities of the Volker Fund and attended the first Mont Pelerin Society meeting. In fact, both the Volker Fund and the Rockefeller Foundation supported the Mont Pelerin gatherings for over a decade.

Miller and Luhnow pulled out all the stops in bringing Milton Friedman and Hayek to Rockefeller-controlled University of Chicago. As pointed out by scholars Philip Mirowski and Robert Van Horn, “Luhnow and the Volker officers were not mere accessories to the rise of the Chicago school: they were hands-on players, determined and persistent in making every dollar count.”

Importantly, the involvement of the Rockefeller dynasty in promoting Austrian economics predates the Volker Fund. Indeed, Rockefeller, who was taught by Hayek in London, “had been intermittently subsidizing Hayek since his Vienna days at Mises’ business cycle institute” according to Mirowski and Van Horn.

Already in 1926, Ludwig von Mises’s first tour in the United States was paid by the Rockefeller Foundation. The National Bureau of Economic Research, which supported Mises in the 1940s, was also heavily sponsored by the Rockefeller Foundation. Mises’s salary in New York was paid by Lawrence Fertig, Kohlberg’s colleague at the AJLAC, and by the Volker Fund.

Working both sides of the dialectic
As shown by Antony Sutton, the Wall Street funding for the Bolshevik Revolution was organized from 120 Broadway Street in New York, in what Sutton called “the Morgan-Rockefeller complex”, which also included Rothschild agents such as Baruch and Jacob Schiff. In the late 1910s and 1920s, both Roosevelt and Baruch worked at 120 Broadway Street, where several major financial concerns were located, including the general offices of the American International Corporation and the New York branch of the Federal Reserve.

Working both sides of the dialectic, Baruch, who was a lover of Clare Booth Luce, future wife of media mogul Henry Luce, and a friend of editor William L. White, arranged for the Reader’s Digest to publish, in 1945, a widely circulated condensed version of Hayek’s Road to Serfdom. This successful marketing ploy greatly contributed in disseminating Hayek’s work and in paving the way to increased funding and support for Libertarian thinkers and Austrian economists in the United States.

Ironically, it is Baruch, once again, who is credited with coining the term “Cold War” in a speech given in 1947. He must certainly have known what he was talking about.

Escaping the Illuminati dialectic
Both the Rothschild and Rockefeller dynasties supported and backed, directly or through their agents, frontmen, and puppets, the Bolshevik Revolution in Russia and the rise of the Libertarian movement in the United States.

As we have shown in previous articles, the Illuminati elites did not merely provide financial support for both sides of the dialectic. Indeed, the Jesuits a.k.a Illuminati formulated the ideological content that led to the modern versions of both Libertarianism and Communism. Moreover, both movements were corrupted by Satanic influences.

The Illuminati elites are toying with us, trapping people into a deceitful dialectic whose poles both lead to a domination by a transnational plutarchy, and sidetracking them away from the truth. More than ever, it is time for us to exit the Matrix by escaping the Illuminati dialectic and starting to devise our own solutions.

Previously in this series:
How the Money Power spawns Libertarians
The Satanic Core of Libertarianism
The “Catholic” Arm of Libertarianism
How the Money Power created Libertarianism and Austrian Economics
Austrian Economics still is ‘Jewish’ Economics

Related:
Henry Makow: Illuminati Bankers controlled Joseph McCarthy

Here’s a chart visualizing the historic ties between the main players.

Solid lines refer to funding and dashed lines refer to mostly ideological connections

Inflation? Deflation? Stagflation?

Inflation is one of the Internet’s favorite buzzwords. But what are we really talking about? There’s more to it than most think.

Two common misunderstandings obscure the issue: mixing two different definitions and ignoring the different behavior of inflation in different monetary systems.

The first issue is fairly well known: there are two commonly used definitions for inflation.

The classical definition for inflation is a growing money supply.

The ‘modern’ definition is rising prices.

The classical definition is much better. Inflation may or may not result in rising prices. And, as we will see, in today’s system the rising prices are not caused by inflation.
Read more…

Understand that the Banking System is One

Far too much energy is wasted on analyzing the banking system to death. The key to understanding its machinations is seeing that it is one global system, controlled and directed from the top down. Shifting blame from Government to Central Banks to Wall Street is just a distraction.

Endless analyses of exactly who is to blame for what is filling the columns of both the mainstream- and alternative media. Is it Wall Street, the Central Banks, derivatives, politicians, economists, greed?

This article by the Daily Bell is a typical example. In the article the Daily Bell correctly analyzes that the Central Banks are trying to generate a world wide depression. However, they present the Central Banks as a statist operation, messing up the operations of free market players, which would be the banks.

The problem with this is, that the Central Banks and the commercial banks are owned by the same people.

The banking system must be seen as a whole. It includes all the Central Banks, all major commercial banks, BIS, the academic world ‘studying’ economics and finance and the financial press.

The Daily Bell is right to say that they are engineering a depression. They are wrong to suggest that the CB’s are responsible for this while the banks are not. Yes the banks are on the receiving end of the CB’s, but they’re all just mere links in the chain of command and control.

Central Banks were created by the banking community as lenders of last resort because they went bust so often. They needed the CB’s to maintain a certain stability within the system, otherwise they would not have been able to maintain their monopoly on currency.

Nowadays CB’s are all powerful financial juggernauts allowing the Money Power full control always. They don’t care about some of their banks going bust occasionally, because they are just the vehicles dividing the market among them. Their market control remains 100%.

When the CB’s do things to hurt creditors (the big banks) they do so to damage their balances and their ability to lend. In this way the illusion of real forces creating a depression is created. It’s the same thing with the BIS raising capital reserve requirements. They know this means depression, but their sell is ‘stability’. The instability they created by purposefully allowing the banks to leverage ever more only a decade ago is conveniently forgotten by well paid academics and journalists who most people think are on the lookout for these kind of things.

Stagflation is easily created by combining the deflationary bust with rising prices for commodities through speculation. These price rises then eventually attack the whole economy already strapped for cash.

In earlier times bankers just published an advertizement in their Banker Magazine telling their members at what date to start calling in loans. In this way contracting the money supply and creating a deflationary depression allowing them to buy everything up for pennies on the dollar. Nowadays things are a little more convoluted.

But for the few men controlling the system it is not. They just order: ‘create depression now’. Their executives push the buttons and voila.

And yes, it’s a gigantic control grid and very complicated and it is very difficult for them to maintain control. But it still is a system, being worked. And those that work it are the most powerful men in the world.

A ‘Free Gold Market’
When we realize how the system is controlled in this way, it is also easy to understand that a ‘free currency market’ is also easily controlled top down.

Massive funding for Gold based currency, support from the media, the academics, political pressure. A real onslaught that will quickly conquer the maiden ‘free market’. Then the easy contraction of the money supply at will by controlling world Gold reserves.

Conclusion
The Banking System is One. It is controlled top down. Those that control it are the Money Power. It’s global and it rules finance. It dominates every Government on the planet through it.

Its basic operations are simple: maintain monopolistic control of the money supply. Provide credit at interest. Create a boom/bust cycle by inflation and deflation. Finance those under control or to be brought under control and starve the rest. Translate this financial omnipotence to Global Despotism.

The implementation of these basic policies have become more complex during the last century. But for the controllers little has changed.

This is basically all we need to know about the problem. There is no need to endlessly analyze what the CB’s are up to now or what Goldman Sachs is doing next. They’re busy doing what they’ve always done.

We should be busy deserting the system and building new, really free and independent currencies instead.

Related:
The Few Banks that own All
The Swiss WIR, or: How to Defeat the Money Power
For Self Determination we need Free Currencies
Take your Money out of the Bank NOW! (Video)

How the Money Power spawns Libertarians

It was not just the money, but also their strategy: the spawning of myriad ‘independent’ Libertarian organizations. This is exactly the same strategy employed by their dialectical evil twin, Communism.”

“They are buying Libertarian adherents just like they bought Hitler’s Brownshirts —  for beer and bratwursts.”

Libertarianism and Austrianism co opt opposition to the current monetary system and deflect attention from the real opposition and the real solution.”

by Anthony Migchels for Henry Makow

Hundreds of millions if not billions are poured into Libertarianism and Austrian Economics each year. The usual suspects are the paymasters. The money is used to ‘to litter the world with free-market think-tanks’. Their impact has been enormous.

As we saw in ‘Proof Libertarianism is an Illuminati Ploy‘, the Volker Fund was responsible for bringing Austrian Economics to the United States. It created the Libertarian/Austrian Economics movement out of nothing. It was not just the money, but also their strategy: the spawning of myriad ‘independent’ Libertarian organizations. This is the same strategy employed by their dialectical evil twin, Communism.

For example, the Volker Fund birthed the Institute of Humane Studies, National Book Foundation, Foundation for Economic Education and the Intercollegiate Studies institute.

These organizations themselves continued on this path. According to John Blundell, Atlas’ president (1987 to 1990) the mission is, “to litter the world with free-market think-tanks”. It claims to network 400 think tanks furthering Libertarian causes worldwide.

Atlas Foundation was created by Antony Fisher, who had already founded the previously mentioned Institute of Economic Affairs in London, but also the influential Fraser Institute, Manhattan Institute and the Pacific Research Institute.

Youth is not forgotten. There are the Students for Liberty, The Intercollegiate Studies Institute, Young Americans for Liberty etc. Helpful documents are on-line to help ambitious young students found their own independent Libertarian organizations on campus. The Atlas Foundation will typically give them $10,000 to start up.

FUNDING
Most of these organizations protect the privacy of their sponsors. This does not suggest broad base grassroots funding. They obtain about 40% from well endowed foundations, 30 percent from wealthy individuals, 20 percent from corporations and 10% others. Most are not too enthusiastic about Government funding. However, many of them are state sanctioned, tax exempt foundations.

As said, it is difficult to list many organizational budgets, but some data is available. Cato Institute’s income over 2008, for instance, was $24 million.

The Ludwig von Mises Institute owned $17,700,000 in assets in 2007. Including more than four million in US Treasuries, by the way.

Atlas had $2.8 million in assets in 2010, $4.5 in 2009. Fraser institute reported a $6 million income in 2003.

Competitive Enterprise Institute had revenues of $3.7 million in 2007. It paid its board members   $208,935, $132,152 and $104,974 respectively. So it’s clearly not just ideological fervor that drives these people. They are buying adherents just like they bought Hitler’s Brownshirts — for beer and a bratwurst.

CORPORATIONS
Corporations often sponsor Libertarian causes for more direct tactical reasons. Big Tobacco buys opposition against Government regulation of Tobacco, Big Oil buys opposition against the Anthropogenic Global Warming lobby.

They’re the usual suspects. Cato for instance, receives money from Wal-Mart, ExxonMobil, Microsoft, Time Warner and many others.

The following trust funds do the heavy lifting in Libertarian Financing. The Koch Brothers, first and foremost. Through their Charles G. Koch Charitable Foundation, Claude R. Lambe Charitable Foundation and Koch Family Foundations they have funneled about $250 million to Libertarian causes between 1998 and 2008, according to Forbes.

The Koch Brother really are the linch pin between the Volker Fund and the modern age. A hotbed of their agitation is George Mason University, with the Mercatus center hosting no less than 40 other libertarian organizations.

The Earhart Foundation, with total assets of $62 million in 2008 also comes to mind, as does the John Templeton Foundation, giving away $70 million per year, millions of which going to Libertarian causes.

But there are also the well known billionaires, like Peter Thiel giving Paul $900,000, but recently also $1.25 million for Libertarian Islands in international waters.

All in all hundreds of millions are poured into Libertarianism and Austrian Economics every year.

CONCLUSION
These activities manipulate the discourse and spread flawed ideology. This is a clear mind control operation in the best tradition of the Money Power.

These fronts suggest a ‘grassroots movement’ when they are instigated and funded by many extremely wealthy individuals and organizations.

Of course, the same case can be made about the Left, including the ultra left. Georges Soros comes to mind. It is the Cabalist dialectic.

“Essentially, two seemingly opposed forces advance the same goal: a world police state governed by an oligarchy of billionaire Satanists.”  (The Satanic Core of Libertarianism)

Look behind the window display, and we see the smarmy Illuminati banker.

Libertarianism and Austrianism co opt opposition to the current monetary system and deflect attention from the real opposition and the real solution.

It deflects attention from the American populist , and the American Dream of true freedom from the oppression by the European Banking Houses. Americans went to war to end taxation in Gold and the destruction of their own paper based currencies.

That’s why the subversion of the Truth Movement by Austrian Economics as the program for monetary reform is so worrying.

Austrian Economics was willfully invented, or at any rate made important, to obscure the truth about money. It is there to lead the people awakening from the Fractional Reserve Banking hoax into a blind alley, by saying the problem will be solved by full reserve Gold Banking.

And that’s why all these billions that have been invested over the years in Libertarianism and Austrian Economics deliver such a wonderful return for the Money Power today.

Previously in this series:
Proof Libertarianism is an Illuminati Ploy
The “Catholic Arm” of Libertarianism
The Satanist Core of Libertarianism

Recommended reading:
The Inflation vs. Deflation Dialectic

Related:
Gary North’s Bluff: the Lie he’s been sitting on for 50 years

Note on The Daily Bell web site, an example of these popular “front” style groups —

The Daily Bell is founded by Anthony Wile.

“Anthony Wile was born in Bridgewater, Nova Scotia, Canada, in 1968. Wile graduated from Saint Mary’s University (SMU) with a degree in business in 1991. Wile worked in the Canadian investment industry with Scotia McLeod (Bank of Nova Scotia) and Nesbitt Burns (Bank of Montreal). In 1994 Anthony Wile was made a Fellow of the Canadian Securities Institute, which is a designation awarded to financial services professionals who attain advanced education and experience in the Canadian securities industry. Following his career in the mainstream Canadian securities industry, Wile co-founded a Bahamian-based offshore brokerage firm specializing in private asset management. The firm launched several funds, including a venture capital fund of which Wile was the manager. The firm was sold in 1999.”

The Daily Bell works from outside the USA, precluding Freedom of Information requests.

They have four ‘elves’ which claim 100 years of experience with Austrian Economics among them. Ie: they have four men at the height of their powers churning out Staff Reports every day.

Anthony Wile then goes on to found The Foundation for the Advancement of Free-Market Thinking.
Check here for where the money goes:
http://thedailybell.com/foundation/recipients.cfm?subA=2
http://thedailybell.com/foundation/donate.cfm

Does this sound like the kind of financing I am writing about?

Is The Daily Bell a well funded banker front? Do ducks quack?

Debt Repudiation or an Interest Strike?

The problem with debt repudiation is that it is difficult to get the money out of circulation. Our money is credit based and if the debts are not repaid, the money will circulate forever. An interest strike is therefore the better option.

Since the start of the Credit Crunch there has been talk of debt repudiation. The basic idea is that the debt is odious and that since banks just print the money they engage in a fraudulent contract.

This is only partly true. Consider this:

If someone gets a mortgage to buy a house, would it be fair to repudiate that debt?
This person would obtain his house for free. At whose cost? Not the bank’s. They just write off the debt, go bust and get a bailout.

What banks do is capitalize the credit of the population. It is not their credit, it is ours. If somebody goes into debt with a bank and the bank creates the money for the loan, it is really society that is allowing the individual to ‘buy now, and pay later’.

In the case of the mortgage, let’s say it is a typical $100k mortgage, the debtor buys the house and then repudiates the debt. The bank writes it off, but the $100k that was created for the loan will continue to circulate. Somebody was payed with that money and we cannot just disown him.

As a result, we cannot create new credit without inflating the money supply. This is the basic problem: how are we going to get the money out of circulation? It can only be done by taxation, but that’s a form of disowning too. Not everybody would share equally (or better: equitably) in the burden either.

If we now repudiate the debt, we would have trillions all over the place that would never be payed back. To create new credit on top of that would be inflationary and probably result in rising prices. People who are not indebted would share in the burden without benefiting from the repudiation.

an Interest Strike
The problem is not debt, it’s interest. The debtor actually bought real stuff with the money he borrowed. He didn’t really borrow it from the bank, but was allowed to pay later by the community. That is the nature of credit. What we have is loan sharks usurping the credit of the population. They plunder the debtor with interest. In the case of the mortgage ($150k interest for a $100k loan over 30 years) it shows how much money we are talking about. The National debt is another case in point. At 4% the National Debt is payed in interest every 25 years, without even denting the principal itself.

That’s why it’s better to go for an interest strike. Interest is the tool of plunder, not the credit.
People no longer burdened with interest will be able to pay off the loan easily. Even Greece would be able to pay off their entire National Debt within twenty years by using the debt service they pay now to pay off the debt itself.

By paying off the debt, the money goes out of circulation. So it can be loaned back into existence again for new ventures.

The debtor pays back what he actually borrowed, which is much more fair to those who were not indebted and would not benefit from debt repudiation and would actually pay in terms of inflation.

Banks prefer debt repudiation
Why? Because they will go broke and will be compensated with ‘recapitalization’.

If we go for an interest strike, their solvency would remain intact. But they would stop being profitable. The loan shark would see its income stream dry up. Rothschild would have to content himself with a mere $500 Trillion net asset position.

Interest is the basic business model of the banks. They don’t want that touched.

Conclusion
An interest strike is the better solution. Debtors must repay, they gained when going into debt. What is wrong is plundering them with usury.

A debt repudiation would leave trillions of dollars (and euros) that would never be payed back. New credit can only be created at the cost of inflation.

An interest strike goes at the heart of the matter.

For a full program for an interest strike see:
The Wolfson Prize, I Win!

Related:
The Problem is not Debt, it’s Interest
Budget of an Interest Slave
On Interest