Who Controls Our Money Supply? Who Are the Money Masters?

For_England · 31-07-2007, 03:13 PM

I think the issue is government supply of money based on debt, rather than private debt. Does the government have a right to indebt us for their spending?

John Doe · 31-07-2007, 03:21 PM

Quote:

Originally Posted by bnpforme

I think the issue is government supply of money based on debt, rather than private debt. Does the government have a right to indebt us for their spending?

There are many ways in which the government borrows money. Any government bonds that you purchase, for example, pay a rate of interest. Why would you invest your savings in bonds if they did not pay interest?

I take the view that governments should not spend excessively but the great voting public seems to want more and more "free" services.

For_England · 31-07-2007, 03:50 PM

I need to look into this more, I think. Jefferson wrote:

"I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution; I mean an additional article, taking from the federal government the power to borrow money."

But history seems to make such an idea impracticle, and I would like to know the solution of those who call for an end to the Federal Reserve system. The English government was far ahead of the game in borrowing from banks to fund wars - and created the whole funded debt concept. It is doubtful that we could have defeated and held back the French without governmental debt, or created the empire we did. But maybe it is right that a government is limited by its ability to raise taxes and charge tariffs, and maybe this should be the natural limit imposed upon governments. I certainly agree with the Constitution (and those groups like Swiss America) that real wealth should be distributed in society, and not held as silver and gold by a few elites. But no party today talks about restoring silver-based coinage, so far as I'm aware (I think I saw a link once on the BNP website to a website advocating a silver standard and real money, but that is about it so far).
For now I would suggest a solution that a government can only borrow money after a direct referendum of the people, ensuring that it does so only in times of national emergency.

For_England · 31-07-2007, 03:54 PM

a few more quotes ...

Banking was conceived in iniquity and born in sin.....Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again.....Take this great power away from them and all great fortunes like mine will disappear (he was said to be the second richest man in Britain) and they ought to disappear, for then this would be a better and happier world to live in.....But, if you want to continue to be the slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit. - Sir Josiah Stamp, President of the Bank of England

Every effort has been made by the Fed to conceal its power but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. - Congressman Louis T. McFadden, 1933, Chairman, Banking and Currency Committee

Permit me to issue and control the money of a nation, and I care not who makes its laws. - attributed to Mayer Anselm Rothschild of the Rothschild banking family.

paullotion · 31-07-2007, 05:10 PM

Quote:

Originally Posted by John Doe

BTW, the Bank of England is not private. It was nationalised by the postwar Labour Government. Even with its so-called "independence" (in reality, limited autonomy) it is a state institution.

But,the BOE is no more nationalised than say Parcelforce,they could reduce the money supply with or without the governments approval,thus forcing interest rates to rise.
The bankers are making a killing from these ongoing wars,as the government borrows at interest,we the people have to pay this back in interest via goods and services,now if we took control out of the hands of the private bankers,we could reduce taxation as no interest would need to be paid to the private bankers,this money could be better spend.

John Doe · 31-07-2007, 05:46 PM

Quote:

Originally Posted by paullotion

now if we took control out of the hands of the private bankers,we could reduce taxation as no interest would need to be paid to the private bankers,this money could be better spend.

You mean abolishing capitalism? You mean reneging on debts entered into in good faith? That is what it amounts to.

Besides, the Bank of England does not directly control the money supply. The money supply is a function of multiple transactions which the Bank attempts to influence through interest rates (not the other way round). Those taking the decisions on the Monetary Policy Committee are not doing so to line their own pockets but are set certain goals by the Treasury such as a target inflation rate. Finally, the war is entirely irrelevant - it is just another item of expenditure. You might as well say that the NHS is a means to enrich bankers.

If you took control out of the hands of private bankers, as you state it, and attempted to borrow money at zero per cent interest, you are in effect confiscating money by force like the Bolsheviks. Interest serves a purpose in giving people an incentive to enter into a transaction. Without that incentive you would have to confiscate money from private individuals. Is that the sort of society you want?

For_England · 31-07-2007, 06:05 PM

Quote:

Originally Posted by John Doe

If you took control out of the hands of private bankers, as you state it, and attempted to borrow money at zero per cent interest, you are in effect confiscating money by force like the Bolsheviks. Interest serves a purpose in giving people an incentive to enter into a transaction. Without that incentive you would have to confiscate money from private individuals. Is that the sort of society you want?

Again, I think all we are saying here is that governments should raise money by taxes and tariffs, and that they have no right to borrow money in our name and the name of our children, for their costly expenditures. If they don't have enough money from taxes and tariffs, then they are spending far too much (with the exception of war, where it could be justified perhaps after a referendum or vote of Parliament authorising a temporary borrowing). No one is saying that individuals shouldn't have to pay interest, since they have to pay for the lost income and opportunities of the one lending the money.

democracydefinedcampaign · 31-07-2007, 06:09 PM

The Democracy Defined Campaign Philosophy is endorsed by academics, attorneys,
doctors (of jurisprudence, medicine, philosophy, etc.), and judges (U.S. & U.K.).

Greetings to Fellow Forum Readers !

The co-author of the two-volume video, "The Money Masters" is Patrick S. J. Carmack, BBA, JD, who practised corporate law and is a former Administrative Law Judge for the Corporation Commission of the State of Oklahoma; Member of the Bar of the US Supreme Court.

Consider the words of others who know:

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money."
Sir Josiah Stamp. Former Director of the Bank of England.
In his lifetime, reputed to be the second wealthiest man in England.

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Attributed to Henry Ford, the manufacturer.

Paul Lotion and Bnpforme make astute observations. The quotations which you and we have posted are best appraised in the context of the thesis presented by The Money Masters documentary.

The answer to the question as to where the money supply comes from is in the Money Masters documentary, which is written by published experts in banking and economics, and endorsed by world-renowned academics.

The documentary is an education for those of you who have made antithetical remarks without even seeing it ! If you have a mind open enough to view the documentary and avail yourself of the educational information it provides, you will be shocked, not at its contents, but at how ignorant you have been kept. Your comments are testimony to the success which the Money Masters have had in keeping the population duped about their ulterior dealings, motives and agenda. There is a dictatorship extant, and the banking élite is laughing at you.

After having viewed and assimilated its invaluable information, people who remain antithetical to the plain facts presented by the Money Masters documentary, are those who seek to misinform others.

Of course, one must realise that there are plenty of people out there who are fully cognisant of the Illegality of the Status Quo, but who abet and take benefit from it. They are very uncomfortable at the thought of the general public finding out.

Here are just a couple of the many endorsements of "Money Masters":

"Absorbing and very enlightening! There was not a boring minute in the whole thing."
Marilyn Brannan, Associate Editor, Monetary and Economic Review.

"The information that you are providing is shocking and eye-opening, to say the least. With your efforts more and more people are waking up everyday. Keep up the good work."
Joe Haran, Bet Shemesh, Israel.

As for the rest of us, we should be thankful that such an important revelation is available for our edification, and do all we can to spread the word.

Good viewing, everyone !

Yours sincerely,
Kenn d'Oudney. Director.

Part One

Google Video

Part Two:

Google Video

For_England · 31-07-2007, 06:20 PM

I am nearly 30 minutes into the first video, and have to say that so far it is eye opening and very informative. Thanks!

paullotion · 31-07-2007, 07:41 PM

Quote:

Originally Posted by John Doe

You mean abolishing capitalism? You mean reneging on debts entered into in good faith? That is what it amounts to.

No,only the BOE from charging interest on printing our notes.It can be done by the government without resulting in communism.

Quote:

Originally Posted by John Doe

Besides, the Bank of England does not directly control the money supply. The money supply is a function of multiple transactions which the Bank attempts to influence through interest rates (not the other way round).

Money supply directly affects the interest rate that is set by any central bank,these banks can manipulate the money supply for their own ends.

Quote:

Originally Posted by John Doe

Those taking the decisions on the Monetary Policy Committee are not doing so to line their own pockets but are set certain goals by the Treasury such as a target inflation rate. Finally, the war is entirely irrelevant - it is just another item of expenditure.

There are those that will make money off this war,as governments borrow at interest,for example the Rothschilds made $200m out of WW1,which is about $1.2b today.

Quote:

Originally Posted by John Doe

If you took control out of the hands of private bankers, as you state it, and attempted to borrow money at zero per cent interest, you are in effect confiscating money by force like the Bolsheviks. Interest serves a purpose in giving people an incentive to enter into a transaction. Without that incentive you would have to confiscate money from private individuals. Is that the sort of society you want?

You seem to think there are only two options,there are more than that.

31-07-2007, 03:54 PM	#14 (permalink)
For_England Senior Member Join Date: Jul 2007 Posts: 1,849	Banks and Liberty a few more quotes ... Banking was conceived in iniquity and born in sin.....Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again.....Take this great power away from them and all great fortunes like mine will disappear (he was said to be the second richest man in Britain) and they ought to disappear, for then this would be a better and happier world to live in.....But, if you want to continue to be the slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit. - Sir Josiah Stamp, President of the Bank of England Every effort has been made by the Fed to conceal its power but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. - Congressman Louis T. McFadden, 1933, Chairman, Banking and Currency Committee Permit me to issue and control the money of a nation, and I care not who makes its laws. - attributed to Mayer Anselm Rothschild of the Rothschild banking family.

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31-07-2007, 03:13 PM	#11 (permalink)
For_England Senior Member Join Date: Jul 2007 Posts: 1,849	I think the issue is government supply of money based on debt, rather than private debt. Does the government have a right to indebt us for their spending?

31-07-2007, 03:50 PM	#13 (permalink)
For_England Senior Member Join Date: Jul 2007 Posts: 1,849	I need to look into this more, I think. Jefferson wrote: "I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution; I mean an additional article, taking from the federal government the power to borrow money." But history seems to make such an idea impracticle, and I would like to know the solution of those who call for an end to the Federal Reserve system. The English government was far ahead of the game in borrowing from banks to fund wars - and created the whole funded debt concept. It is doubtful that we could have defeated and held back the French without governmental debt, or created the empire we did. But maybe it is right that a government is limited by its ability to raise taxes and charge tariffs, and maybe this should be the natural limit imposed upon governments. I certainly agree with the Constitution (and those groups like Swiss America) that real wealth should be distributed in society, and not held as silver and gold by a few elites. But no party today talks about restoring silver-based coinage, so far as I'm aware (I think I saw a link once on the BNP website to a website advocating a silver standard and real money, but that is about it so far). For now I would suggest a solution that a government can only borrow money after a direct referendum of the people, ensuring that it does so only in times of national emergency.

31-07-2007, 06:20 PM	#19 (permalink)
For_England Senior Member Join Date: Jul 2007 Posts: 1,849	I am nearly 30 minutes into the first video, and have to say that so far it is eye opening and very informative. Thanks!