TFC: Thursday, 25 November, 2010/Thanksgiving Day: DBS - David Musa Pidcock

[Helphand]

TFC: Thursday, 25 November, 2010/Thanksgiving Day: DBS - David Musa Pidcock

http://iamthewitness.com/audio/David.Pi ... 5-2010.mp3


{Can Daryl please post on TFC a copy of DP's letter to Nick Clegg which he says has not been answered still.}


00:00-10:00
DBS: DP lately at a conference in Malaysia. Thanksgiving an important holiday in USA. DBS's background in Plymouth, Massachusetts. Little Compton, Rhode Island family records go back to the Billington, Wilcox, Alban{?}, Miles Standish families.  Boston arrivals after Plymouth Plantations established, more in search of commercial exploitation than original Pilgrim Fathers arrivals who were helped by the Indians through first winter showing how to grow crops etc. Governor Bradford ordered Indian tribes to be diseased out of existence. Also DBS's family Indian inheritance through the Manchester line.

DP: world's first global conference on usury; its effects on society and the economy, hosted by RIFCON - Riba-Free Economy. Dr. Mahathir Mohamad former PM of Malaysia gave keynote speech. Country first to break out from IMF control in the Asian currency crisis of the 1990s, implementing a 5-point plan formulated by James Gibb Stuart and submitted to Dr. Mahathir Mohamad by DP. Outcome was commented on in Spectator article: "How East Beats West".

1. a measure of foreign exchange control is necessary to stop the nation's reserves/financial life blood being sucked out by speculators.

2. the progressive and accelerating liberalisation of financial markets should be reversed as it advanced towards the global economy rather than developing beneficial use by people of their own natural resources.

3. there should be no inclination to privatise public assets to pay off government debts which assets belong to the people.

4. every endeavour should be taken to avoid further borrowings particularly foreign currencies like the USD.

5. even in an economic crisis the priority is not to repay bankers or keep up stock market values but to ensure people are fed and housed.

Every other tiger economy in the Asian countries went down but despite the fears of risk in implementing this policy Malaysia recovered.


10:00-20:00
DBS: not allowing attacks from speculators by forbidding the local currency to float is illustrated by what George Soros did in relation to those countries which did not follow Malaysia's lead e.g. Indonesia, Singapore, South Korea. Soros {palindrome! Any occult meaning?} a front for Rothschild.
DP: met his team in India when there for 3 years and noted they are always looking for distressed assets... it's one thing to look for broken eggs to buy but another to smash them first! Dr Mahathir Mohamad's deputy Anwar Ibrahim was working in collusion with Michael Candessus,

• writing a book together and DP regarded him as treasonous.

DBS: Ireland in a parallel experience; have effectively "given away" a massive USD1 trillion gas field to Royal Dutch Shell "for nothing" {que? What actually happened?} and have allowed IMF involvement. Sovereignty forfeit.
DP: has the 1993 NALGO / National Local Government Officer's Association document containing predictions for post-Maastricht, all of which have come true. DP will republish it.
DBS: Matthias Chang analysed the material. Look up his work and send it to DBS.
DP: another document given to DP by Barbara Castle (UK Labour MP) (deceased)... {what was this document about?}. John Smith {the MP and Labour leader who was heart-attacked to make way for abandonment of Clause 4 and advent of New Labour and Blair? BUT remember: Smith ALSO went to Bildeberg...} predicted that accession to Maastricht Treaty and the Euro would destroy the economies of European countries.
DBS: how does Islamic banking compensate for the risk and loss of own use attached to lending money?
DP: lend expecting nothing in return... to be a socially responsible act, making money out of money itself leads to the results we see in the current banking and financial crisis. The duty of the State is to issue money, not the right of banks to issue for private gain. Islamic law allows structuring for mutual / shared advantage e.g. joint venture.
DBS: credit unions model though it does involved paying interest. Like Bank of North Dakota, restricted to localised availability.
DP: but also not fractional reserved so no debasing of existing money and savings. DP not sure how to address the return/risk reward point other than the partnership model; taking a percentage of the outcome / product derived from the operation funded by the lending is more acceptable, taking it away from being based on a fixed return irrespective of the success of the operation being funded.

20:00-30:00
DBS: his membership of credit union. Community based and run responsibly, profits ploughed back into the local community.
DP: credit unions themselves only exist as a result of government's abandonment of its central role of money creation, debt free and interest free; and therefore also TAX FREE. Local exchange trading systems likewise. {this sounds like DP endorses state banking, meaning the state itself not only issues currency but makes the commercial decisions on lending which is a much bigger step, rather than the state being concerned only with creating money debt free. Not attractive; see Fahey in "Money Manipulation And Social Order" listed below.} At the conference great material came from the Nigerian contributor, also Sheik Imran Hussein from Trinidad and Tobago who is ex-IMF, Dr Ahmed Kamil Mydenmeer{?}, Dr Dutton from South Africa, Rodney Shakespeare from Christian Council of Monetary Justice; all professors etc in academia and also "reformed bankers" like Professor Dr Abdul Aziz Ahmed who blew the whistle on Islamic banking. You can't have a halal mortgage, it's like a kosher pork chop. {so 'Islamic banking' is an oxymoron}. 300 attendees worldwide. Next conference in Malaysia, Port Harcourt or London. Sending DBS the materials pack including a briefing report.
DBS: the Irish QE was in effect bailing out the bank lenders at the cost of the Irish taxpayer.
DP: just received John Atkinson Hobson's "A Study in Modern Imperialism" written circa 1908 which stunningly lays out the game plan, also Ellen Brown doing good clear work.
DBS: DBS has some issues with Ellen Brown's work that can be discussed another time. {Please tell us the concerns, EB was lambasted by Gary North of mises.org [**] which on the face of it is testimony to the fact she is getting the story out. See TFC / Ellen Brown interview of 11 August 2010.} Economic system always slated to be under attack but they have also risked destruction of the financial system to their own detriment. {Aw shucks, no sign then of:  "The better Jews, indeed, soon recognized that Lueger had been to them a blessing in disguise by tempering the immoderation that is a prominent Jewish failing." Henry Wickham Steed: "The Hapsburg Monarchy" (3rd ed. 1914). In an earlier broadcast didn't DP himself quote something from Goethe about the Jews not having the genius of knowing when to stop?}
DP: agreed on system failure. David Blunkett's Diaries on which DP bearded DB in Sheffield stated that in July 2004 Gordon Brown (Chancellor of the Exchequer) came to Cabinet meeting and said there would basically be a crash at the end of 2008 so prepare for it. But nothing was done. They have not predicted the double whammy.

30:00-40:00
Everyone in the world would be comfortable if each had received just a fraction of what the banks had received in bailouts.
DBS: DBS and Rafiq said September 2007 an earth shaking event in the bond market had occurred and said leading up to Christmas 2007 that putting money into the hands of the government was the way forward and not putting money into the hands of the banks.
DP: but this has been done many times in the past so no surprise since after all the banks are {de facto} the government and Maastricht indicates the banks will "appoint the government" {explain please}; Article 4 of Maastricht (101): overdraft / credit facilities with ECB - member states will be prevented from issuing their own money - so no room for manoeuvre. Bernard Lieater{?} designer of Euro and head of Belgian Central Bank came to last conference in Malaysia attended by DP. He said he had wanted a common currency for cross border trading not a single currency. {see also remark below.}
DBS: Argentine financial crisis - recovered as a result of devaluing Argentine peso {also the local currencies till the authorities stepped in and stopped them}. Only Germany and France principally back the Euro. France owes Eur800billion off balance sheet liabilities so its incapable and Germany is not up to carrying the whole mess.
DP: yes it will fail but a world war is what usually happens after one of these events and we must be SMARTER than on last two occasions. Riots on streets in UK now. Nick Clegg's father is chairman of United Trust Bank and grandfather was president of ABN AMRO. Delivered his letter to Clegg to Downing Street over 3 months ago and still no reply.
DBS: Clegg & co. are just the puppets. Money being pumped into system is not being circulated as new loans to industry.
DP: read President Jefferson and other US Presidents who understood the problem. US Constitutional money. Napoleon's abolition of interest. DP also sent Clegg "The Deficit Made Me Do It" written by three professors explaining how to resolve. Some monetary reform proponents are beginning to give up the ghost...
DBS: TFC audience has grown exponentially since September and now 60-80k downloads per programme so there is interest in the economic/money problem and its resolution.

40:00-50:00
DP: interested to hear about Jim Corr's activities.
DBS: yes but he is in danger of being led by other people he promotes on his website who in DBS's view are disinformation exponents; his video {title?} had 70-80k downloads but he hosts people saying the money scam is run by the British Royal Family, etc. Irish PM has called elections.
DP: a solution has worked once and can work again {meaning? Bradbury notes in the 1914 British Banks bailout?} Brilliant item "Irish Workman's Charter" published in Irish National Guard newspaper in 1848.
DBS: Irish may become reactive but their leadership is criminal like Sarkozy in France who lambasted a journalist who was accusing him of taking bribes by calling the journalist a paedophile. Ad hominem attack standard issue... How to remove the entrenched leadership?
DP: people need to understand how to survive outside/despite the system. Examples: credit unions, local exchange trading systems/time dollar idea: Maggie Mills/Sandra Bruce started Stroud Pound local currency. The criminals responsible for these problems should lose a hand ... Pay off the criminals with non-debt treasury money. Archbishop William Temple in 1942 said poor are poor not because the rich are rich but because the poor have not been able to make their needs constitute a market.
DBS: great guests have been on regarding the money question, e.g. Donald Martin.
DP: he expects revision of the money system in the next few years. Things coming to a head signalled by the Islamic prophecy about Arabs being killed/driven out of Europe/America - the Roman world. It's happening now. Satanic Purses/Satan's Citadel talk he gave is online. Islam is not the enemy. {Examples of EDL being hijacked on YouTube: Zionist Rabbi Nachum Shrifren at London's "Speakers Corner"}
"Propaganda in the Next War" (1938) predicted getting Japan to attack USA - Senator Nye.  History rhymes and the system is corrupt and cannot be trusted, it always diverts attention by blame someone else - the advent of distractionary war.

50:00-60:00
DBS: getting off the grid and self-sufficiency has boosted confidence. Gold and silver not good for backing currencies but coins physically held have value for tiding over the disruptive meantime.

• Mises Institute pushing for gold backing.

DP: a.k.a. The Three Bind Meeces...(Murray Rothbard et al.)  "Salvation Island" {see below in book list}. Coins are a medium of exchange with no intrinsic value, the paper / electronic money is in fact backed by the wealth producing potential of the population. Many things used as money in the past, N. American Indians' use of Wampum beads as money. Bernard Lieater{?} report on Bali - Rupiah is one currency and there is in addition the time system which involves giving 3 hours' work per week which counts as currency.
DBS: bond arbitrageurs will pounce on Spain if Eur bailout facility dries up. Austerity measures.
DP: will reissue the Maastricht Report by NALGO - also note subsidiarity - if cannot issue own money then subsidiarity and the concept of the EU is worthless.
DBS: Treaty contains no language for getting out of this mess. Lawful rebellion.
DP: Ghandi method of peaceful civil disobedience most likely. {Ghandi was a freemason by the way/} John Smith was reported at a conference saying that Maastricht would be a disaster.
DBS: will post DP's info on http://iamthewitness.com . Any listener questions / material, send it via that site.

• {2/15/2000- Michael Candessus, head of the International Monetary Fund (IMF) assassinated at the United Nations Conference on Trade and Development (UNCTAD) in Bangkok (Thailand).

http://reocities.com/Area51/saturn/3989/SDays05.htm } [/i]

• {Or this one?:

  "East beats west.
   Spectator, The, Mar 18, 2000.
   Justin Marozzi on how Mahathir Mohamad rescued his country and made
fools of the IMF.

   USING a Frank Sinatra song might seem an odd way to justify one's political and economic policies, but then Dr Mahathir Mohamad, the Malaysian Prime Minister, is a very odd fish. Mahathir, a Malay Muslim who has made a successful career of spotting conspiracies to subvert fellow Muslims around the world--whites, Westerners, Jews, Chinese, you name them, they're guilty--presumably finds it perfectly reasonable to embrace the darling of American crooners. Forget the much-derided Third Way. Mahathir's is a much more personal approach. 'I did it my way,' he says of the country's remarkable turnaround since the 1997 Asian crisis, 'and it's worked.' It's unlikely the commission appointed by the US Congress to look at reforming international financial institutions--preeminent among them the International Monetary Fund and the World Bank paid too much attention to Mahathir when they were compiling their report, released last week. High volume he may be, small fry he most certainly is as far as global financial markets are concerned. But if the commission's grandees, who included Jeffrey Sachs, the Harvard economist, didn't spare a thought for the combative Asian leader, perhaps they should have.
   Ever since the 1997 Asian crisis sent currencies in South Korea, Thailand, Indonesia, Malaysia and the Philippines into free-fall, Mahathir has been arguing loudly against IMF orthodoxy. While, one by one, his Asian counterparts trotted meekly to the fund, to be subjected to its traumatic, one size fits all regime of tight fiscal and monetary policies, and freer trade and capital flows in return for their multi-billion-dollar bail-outs, Mahathir alone remained defiant.
   Rather than bow to the mighty West, Mahathir preferred to take it on. First, he picked a fight with George Soros, the American financier whom he branded a ,moron'. Currency speculators, who had brought Asian currencies to their knees, were labelled 'brigands', 'robbers', 'anarchists' and 'manipulators', while foreign fund managers were 'racist'. In a tit-for-tat exchange which engrossed newspaper headline writers the world over, Soros retaliated by describing Mahathir as a 'menace to society' and a 'threat to his own country'. A couple of months later, the Malaysian PM went further and hinted at a Jewish conspiracy against Muslims. The markets looked on, horrified, and the Malaysian ringgit plunged ever lower. In the space of two months it fell 24 per cent to new lows.
   Still Mahathir refused to approach the IMF for assistance. Instead, his response was to impose policies that were anathema to the fund's way of thinking. Strict capital controls were introduced and the currency was pegged to the dollar. Economists, the very species which so conspicuously had failed to warn of impending doom on the currency markets, predicted catastrophe for Malaysia. Mahathir was having none of it.
   Less than three years later, the shoe is on the other foot. Malaysia finds itself basking in the tropical sunlight of strong economic growth while the prodigious IMF has been hauled into the dock, charged with a whole litany of crimes, from insufficient capital resources to lack of independence, overt politicisation and deeply flawed, if not downright mistaken, economic prescriptions. There are even searching questions about the raison d'etre of an institution created in 1944 to supervise the Bretton Woods regime of fixed
exchange rates supported by exchange controls. How relevant and effective is it in a world of free and massive capital flows?
   As far as Mahathir was concerned, the IMF was of no relevance. After the recession of 1998, when the economy contracted 7.5 per cent--a mere burp compared with the 13.2 per cent collapse in Indonesia Malaysia rose from the ashes. Capital controls were not having the dire effects predicted by nearly every expert. GDP grew at 5.3 per cent in 1999, leaving the doomsayers on the sidelines spluttering about sustainability. Neil Saker, head of economic research at SG Securities in Singapore, forecasts GDP will grow by 6.8 per cent this year and 5.2 per cent in 2001. 'I'm quite optimistic. It's almost a boom,' he says. 'The undervalued exchange rate is pumping things up. There's a big exports boom and liquidity surge. They've paid off a lot of corporate debt, tightened up on corporate governance and restructured the banks.' The Petronas Towers, once dismissed by critics as Mahathir's vainglorious erection, are now throbbing phalluses of vitality. When illuminated at night, the tallest structures in the world make a glowing GothamCity-meets-Bladerunner sci-fi tableau. The cranes are moving, shopping malls are heaving, restaurants are difficult to book and the notorious traffic jams snarl along Kuala Lumpur's roads once again.
   Not bad for a country whose decision not to submit itself to the wonder cure prescribed by the IMF won it so many critics. (Malaysians themselves were divided over the merits of Mahathir's strategy. Some welcomed his outspoken nationalism and attacks on the West, while others cringed and joked that the IMF stood for It's Mahathir's Fault.)"


[**]
http://www.lewrockwell.com/north/north891.html

"I have spent 45 years dealing with monetary cranks. She is by far the most vulnerable of them all. It is not just that she understands neither economics nor the basics of historical research. None of them does. What makes her so vulnerable is that she is so visible . . . and so consistent. She finally did what was implied by them all after 1935, but which only Father Coughlin had the courage to do. She came to the defense of Adolf Hitler's economy. I have waited for a target like her for 45 years."

{Gold currency backing:
  The Protocols, page 214 of Victor Marsden 1934 edition:

"You are aware that the gold standard has been the ruin of the States which adopted it, for it has not been able to satisfy the demands for money, the more so that we have removed gold from circulation as far as possible."

  Archibald Maule Ramsay: The Nameless War (1952):

"The real objective of the "Glorious Revolution" was achieved a few years later in 1694, when the Royal consent was given for the setting up of the "Bank of England" and the institution of the National Debt. This charter handed over to an anonymous committee the Royal prerogative of minting money; converted the basis of wealth to gold; and enabled the international money lenders to secure their loans on the taxes of the country, instead of the doubtful undertaking of some ruler or potentate which was all the security they could previously obtain.
From that time economic machinery was set in motion which ultimately reduced all wealth to the fictitious terms of gold which the Jews control; and drained away the life blood of the land, the real wealth which was the birthright of the British peoples.
...
Gold was soon to become the basis of loans, ten times the size of the amount deposited. In other words, 100 pounds in gold would be legal security for 1,000 pounds of loan; at 3% therefore 100 pounds in gold could earn 30 pounds interest annually with no more trouble to the lender than the keeping of a few ledger entries.
The owner of 100 pounds of land, however, still must work every hour of daylight in order to make perhaps 4%. The end of the process must only be a matter of time. The moneylenders must become millionaires; those who own and work the land, the Englishman and the Scotsman, must be ruined.
   Germany and Italy... were in the process of placing Europe upon a system independent of gold and usury, which, if permitted to develop, would break the Jewish power for ever." }


{Famous money quotations:
  Ellen Brown: Web of Debt (2007):
An editorial directed against Lincoln's debt-free Greenbacks, ascribed to The London Times, said it all:

   "If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe."

  Sir Josiah Stamp, director of the Bank of England and the second richest man in Britain in the 1920s. Speaking at the University of Texas in 1927, he dropped this bombshell:
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin... Bankers own the earth. Take it away from them but leave them the power to create money, and, with a 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, for then this would be a better and happier world to live in... But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."

  John Adams writing to Thomas Jefferson in 1787:
"What allowed the bankers to finally obtain the complete monopoly of credit in the United States? The ignorance among the population of the money question."

  US President James A. Garfield:
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."

  Lieut.-Col. J. C. Scott: The Hidden Government (1954):
   "In this latter connection, The Christian Social Council of England (circa 1923) has made this forthright and urgent demand; "That the Christian Church should recognise frankly, and clearly expose such results of the present monetary system as appear harmful to human welfare; and should further declare that any monetary system must have objectives in accord with Christian ethics." And this is 1954!
   Frankly, what should be the objective? To introduce a monetary system which BENEFITS ALL AND PENALISES NONE, the integral function and sole purpose of money. The only response to that demand has been to intensify socialistic finance which benefits selected minorities while penalising the nation.
   Even now, after World War II, there is plenty for all. "At last we have it, and it is something we have long suspected. The British ration is regulated not so much by a food shortage as by a financial policy." (Editorial, The Daily Mail, 10th July, 1946.)" }


http://www.bankofenglandact.co.uk/

http://www.positivemoney.org.uk/2010/09 ... e-banking/

{Concise introductory finance/banking books, most are recent:

   Allen, Stanley F.: The Pirates Of Finance (1947).
   Astle, David: The Babylonian Woe (1993).
   Anstey, Frank, M.P.: Money Power (1921).
   Brown, Ellen H.: The Web Of Debt (2008).
   Coogan, Gertrude M.: The Money Creators (1935).
   Even, Louis: Salvation Island (The Money Myth Exploded).
   Fahey, Rev. Denis: Money Manipulation And Social Order (1944).
   Federal Reserve Bank Of Chicago: Modern Money Mechanics (1994).
   Field, A.N.: All These Things (1936).
   Grem, June: The Money Manipulators (1971).
   Grubiak, Jan and Olive: The Guernsey Experience (1960).
   Lina, Juri: The Fight Against Usury--Barnes Review (2004).
   Nuri, Vladimir Z.: Fractional Reserve Banking As Economic Parasitism.
   Pidcock, David Musa: The Crash Of 2008 (2009).
   Rowbotham, Michael: Grip Of Death (1998).
   Soddy, Frederick: Wealth, Virtual Wealth And Debt (1926).
   Song Hongbing: Currency Wars (2009).
   Stuart, James Gibb: The Money Bomb (1983).  http://www.jamesgibbstuart.com
   Swan, Arthur: The Other Road To Serfdom (1993 reissue by DP). }