Re-visiting Money as Debt and Oz

October 5, 2010
“As a personal aside, I note that I first read A Monetary History of the United States (Friedman and Schwartz, 1963) early in my graduate school years at M.I.T. I was hooked, and I have been a student of monetary economics and economic history ever since.
As everyone here knows, in their Monetary History Friedman and Schwartz made the case that the economic collapse of 1929-33 was the product of the nation's monetary mechanism gone wrong. Contradicting the received wisdom at the time that they wrote, which held that money was a passive player in the events of the 1930s, Friedman and Schwartz argued that "the contraction is in fact a tragic testimonial to the importance of monetary forces [p. 300; all page references refer to Friedman and Schwartz, 1963]. ...
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.”
--- Ben Shalom Bernanke, two term Chairman of the Federal Reserve Bank, 2006 to 2014, remarks at the Conference to Honor Milton Friedman, University of Chicago, November 8, 2002
(cited in Monetary Reform: Who will bell the cat? By Zahir Ebrahim, October 19, 2008)
“It has been rather disturbing for this scribe to continually rediscover that even well educated geniuses from among the ruling elite themselves, CEOs of corporations with fancy MBA degrees, venture capitalists with CA degrees, economists with Ph.D., and financial geniuses on Wall Street with degrees in mathematics and physics from Caltech and M.I.T. – never mind engineers and scientists perpetually kept too busy to bring their rational forensic acumen to bear upon such mundane existential matters as money, economy, geopolitics and empire – do not fully understand the mechanics of money, nor its direct manufactured relationship with economic booms-and-collapses, war on terror, and the broader calculated agenda for world government. All feel daunted by the economics gibberish which surrounds any discussion of it.
It is also painfully obvious that even the so called “expert” economists, and Nobel Laureates, do not fully grasp all the issues regarding money. Because they still can't manage the economy despite their Nobel Prizes, and keep getting run over by the exact same inability to link together artificial booms and speculations fueled by cheap credit that is created out of thin air as national debt, predictable busts, tightening of credit, loss of confidence, and ultimate windfall for the handful of wealthy in whose hands all the wreckage of prosperity gets transferred pennies to the dollar, consolidating enormous wealth in fewer and fewer hands at the end of it all.
And they still can't call it correctly, as evidenced from the statements of the famous 92 year old economist Anna Schwartz – coauthor of Milton Friedman's classic text on monetary history of the United States.
The power of money creation in private hands lies at the root of all evil. A forensic recognition of this blatant fact and the concomitant direct full spectrum public assault upon it, will lead to the termination of all the wet dreams for world government by hectoring hegemons of all stripes. It will also lead to the immediate termination of all the manufactured mechanisms employed for achieving it, namely, the fiction of 'war on terror' and the manufactured economic collapse. Furthermore, a lineup before a court appointed legal firing squad with confiscation of all wealth should create a reasonably effective deterrence example for the future.”
--- Zahir Ebrahim, an ordinary bloke who claims to understand what the financial geniuses evidently don't, November 23, 2008
(excerpt from The Monetary Conspiracy For World Government By Zahir Ebrahim, November 23, 2008)
You can understand it too, but only if you are not the financial genius who earns his keep in the system!
Teach yourself what they don't teach you in America's top IVY Leagues. Judge for yourself.

The Secret of Oz by Bill Still
Money As Debt I by Paul Grignon Debt chains

And the most fruitful realization of Captain Rhett Butler's swashbuckling truism is yet to come, the profiting “from the upbuilding” of civilization: the new Gold Standard which will be pitched with Congressman Ron Paul's help as the panacea demanded by the peoples. Since all the world's gold bullion supply, and the world's gold mines, are already under monopoly control of the same arsonists, no problem.
In the New Economic World Order, with global central banks – themselves controlled from behind the scenes by the same handful of private family banks owned by the Rothschilds, the Rockefellers – managing the world's merged global monetary system as well as all the world's political governments in a global governance architecture, it won't be a problem returning to the Gold Standard. All the fine gold will have to be purchased from the same private international banksters in order to back the trillions in new common currency issued for transacting the entire world's commerce. How convenient once again!
The new monetary system will be happily made inflation averse amidst cheers from the foolish goyem of the world. The new gold based standard after all, does have to protect the enormous wealth of the private banksters from inflationary-erosion in a largely serf-world of the New World Order, wherein, the only real asset owners are the banks. The new financial empire also has to be stable enough to last a millennium! Can't have inflation eroding away all its loot as it did moms and pops meager assets and life savings in the twentieth century. Why indeed the Gold Standard will now make perfect sense for the banksters and the handful of real wealth owners of the world, was so passionately explained over a hundred years ago by William Jennings Bryan, that it is best refreshed in the goy's mind directly from the horse's mouth. The contorted dialectical brilliance of the devilish banksters is truly unsurpassed!
Caution – Winding Road Ahead: One also has to be cautious of Congressman Ron Paul's End the Fed H.R. 833 and all variations thereof, that it does not end up creating a cosmetic veneer in its implementation as did the superficial nationalization of the Bank of England, whereby, its effective control was retained in the same private bankster hands. The hidden agenda in any public nationalization of the FED would be to bring it on par with the European Union Central Bank so that the private banksters can continue on with their calculated moves for consolidating the new uniform global monetary system. A nationalized FED would be the precursor to the North American Union Bank.
These international banksters are masters of legal shenaniganism as is evident from their crafting of the Federal Reserve Act of 1913, pitching the same plan through both the Republican Party and the Democratic Party as fake oppositions to each other, and the latter version rammed through Congress on Christmas eve. This time around, the tactics may entail the carefully crafted 'Messiah' figure and the handful of cultivated 'Rebel' figures both backing it, and each pitching it to their respective constituency. This way, they will claim transparency to make up for the previous time around. It is essential that the people understand the depth of the banksters' 300 years of devilish experience in orchestrating cleverly disguised private central banks. Please watch the Money Masters video documentary with your family, and read the short News Epilogue and Introduction in the Monetary Reform Bibliography, so that no 'dumb goy' is ever fooled into enslaving their own nation once again.

Conclusion Postscript
There is no change in assessment since 2008. Any money system can be made to work non-predatorily. The issue is not which system is better, no not at all, although that has been made the primary issue by both monetary reform advocates and by the banksters themselves. That construct is a red herring. The real issue is how to make the system non-predatory in the presence of the controlling oligarchy and its primacy imperative. That, and only that, is the principal issue. Once the power to issue money has been granted to the bankster fraternity, regardless of the system itself, all is lost. As the Rothschild scion have stated time and again, something to the effect: grant us the power to issue a nation's money and we care not who makes its laws.
True to that boast, it has empirically made no difference, once this predatory power was “legally” granted to the banksters and unleashed upon the public, who sits in the White House or the Congress. And the same is true of Canada, the EU, the UK. The debt straddled Global South, being strangulated under 56 trillion dollars in debt to the banksters' lending agencies as developmental loans in a perpetual lender's trap, is in no position to standup to the World Bank and the IMF to strike out independently on their national money when the de facto international currency of the lending agencies itself, and the de facto international trade currency, one and the same, is under the banksters' control. Compounding all that with the fact that the world is now perched on the cusp of a World Order that bespeaks of global governance, global police-states, and global Orwellian mind control, monetary reform effectively means the changes the banksters wish to institute themselves in the guise of monetary reform to protect their own “legally” acquired hard assets – the earth, all that exists within, and all that toils therein!
Because of this near fait accompli of power, already consolidated in the hands of the international banksters, firstly, this power cannot be taken back as easily as it was given away in every nation. The world already witnessed the immenseness of this power during the 2008 bankster bailout bill despite virtually the entire United States peoples being against it. And secondly, it makes all monetary reform proposals that are not suspect of being banksters' own ploy, or introduced principally to sow confusion, and all genuine endeavors for monetary reform, DOA – Dead on Arrival. Virtually all prominent monetary reform advocates, it would appear, are either controlled opposition instituted by the banksters themselves to effectively thwart any impetus for genuine reform that might be inimical to their own narrow self-interests, or are all but hopeless romantics and idealists who are best characterized by the proverb: if wishes were horses, beggars would ride. None of them appear to be students of political science even if some appear to be most sincere in their protestations of banking power. And they mostly tend to speak in platitudes and clich├ęs when asked how they plan to introduce their great reforms which they claim will go against the banksters' interests.
However, to the credit of a handful of immensely courageous rebels in this space, the accurate unraveling of the mystery and obfuscation surrounding the issuance and control of money, and the history of how it came to be “legally” consolidated in the hands of the bankster fraternity, of course helps the public mind to understand both the nature of money, and the power of the Money Trust which controls it! It is because of their efforts that this scribe acquired a great deal of understanding of the core issues. The first name to mention is Eustace Mullins. It is this scribe's conclusion that it was indeed Mullins' seminal book, Secrets of the Federal Reserve, which must have forced the banksters to commission or permit Carroll Quigley's Tragedy and Hope. The latter specifically downplayed the role of the House of Rothschild in the post World War II current affairs. Mullins had not spared that name and Quigley, it would appear, was brought in by the oligarchy for damage control through Limited hangout in the form of a meticulously compiled secret history of the control of world affairs from behind the scenes. G. Edward Griffin made some excellent documentaries that brought Mullins' and Quigley's revelations to the mass public mind. The documentaries by Bill Still and Paul Grignon continue that tradition of public education.
Understanding the enemy perceptively, in all its manifestations, and stripped off of its layers of deception, is always the first step in even beginning to wage an effective battle against its web of control. But that understanding alone is not sufficient. One also has to understand one's own strengths and weaknesses, and what power one can bring to bear to confront the enemy. Sun Tzu expressed that wisdom most succinctly in the Art of War some 2500 years ago:
'If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.'

First Published October 5, 2010
Video links fixed, Postscript added on Monday, March 17, 2014
Video links fixed, Introduction added on Monday, October 01, 2018

Re-visiting Money as Debt and Monetary Reform: The Secret of Oz