The bankers wet dream

[active_indolent]

The starting point is probably to basic for this forum but I think I have to write it down so the continuity of the story gets clear. My native language is Swedish so you have to have some patience with my spelling and so on.

The money system is based on the old goldsmith fraud Fractional Reserve. People gave the goldsmith their gold and the goldsmith gave them a receipt. People began using these receipt instead of gold as money and everybody accepted them as a medium of exchange (it was easier and perhaps safer to carry a receipt then the actual gold). The goldsmith soon realized that nobody else  knew how much gold he stored in the vault. So he wrote more receipts then there were gold in the vault. With these "phony" receipts he then bought what ever he wanted, he even lend some to people with interest.  This work for a while but some people started to be suspicious and understood that there were to many receipts on the market and rushed to the goldsmith to get their gold out from the vault. The gold in the vault soon ran out and many people found out that their receipts were backed by nothing. This is the foundation of the modern banking system – a fraud.

But it worked as long as the goldsmith could uphold the illusion and say:

"Of course we got the gold in vault, don´t worry, be happy"

As long as people were happy they never questioned the goldsmith intention or credibility. As long as people  were busy with "Bread and Circuses " the goldsmith cold carry on his fraud without being exposed.

It´s the same fraud that rules today. But Nixon took away the gold completely 1971 so now nobody can get any gold for their  receipts (US went bankrupt already then just as the goldsmith above, but US could force other to use their receipts as money through the petrodollar system and military threat if any country if they rejected these receipts as money). But the banks don´t even have these  receipts, the paper we call money. According to the Basel agreement the banks only need to back 8% of their receipts – they can make up the rest from thin air. The modern banking system stands with their pants dropped, just as the goldsmith, and the illusion of the emperors clothes would fall if people rushed to get their receipts out from the banking system. The bankers say the same thing as the goldsmith:

"Of course we got the money in the vault, don´t worry, be happy"

To uphold this illusion the bankers need a total control of media and the need for "Bread and Circuses" is even greater. The goldsmith actually had some gold in his vault – the modern bank only has pieces of papers that are worth nothing if people don´t accept them as medium of exchange, aka money. By controlling the media the bankers are able to uphold this illusion of the value of these pieces of papers. So money is only in our belief system and this belief system is upholded by media – so in a sense money is media.


Now to the bankers wet dreams, the "illusion" or matrix, if you so want, that will tie up our conception about money in a feudal  way with total controll.

Money has become more and more digital. Physical money is used less and less. The pieces of papers are disappearing just as gold once did. In Sweden (my home country) the central bank is proposing a fee on transaction made by physical money.
The final goal is to gt rid of all physical money. And this is what I think is the bankers wet dream.
Why? Because there can´t be any bankrun on the whole banking system. If people start miss trusting one bank and withdraw their money they will only be able to transfer this digital money to another digital account on another bank – it would not be possible to have a bank run on the whole banking system.  And since the banking system is a cartel with the central banks (with BIS at the top) the whole system would never be endangered. The banks would not need to have vaults filled  with gold or phony papers. The bank system would be closed and there would be no "exit" for the "money" - it would be permanently stuck in the virtual matrix locking up our belief system. In this bank system money equals the perception media give us. We will have to believe that money only exist in the digital form and the "Bread and Circuses " and diversions to uphold this system will be enormous.
 
If the bankers are able to fulfill their wet dream they will have total control – people will not longer "only" be debt slaves to these bankers. Every transaction will leave digital footprints telling what you do, where you are, what you buy – and if you don't behave they will just cut of your account. It's much harder to obtain physical stuff such as gold or even the pieces of paper we call money then just cut down a digital account.

Therefore it's important to expose that the bank emperors doesn't have any clothes. Because they are actually naked, without any money at all,  and the only thing preventing us from seeing this is the media, so in a sense the only money that exist is the media because it provide us with the fictional belief that the money actually exist.

As a last remark I would like to point out that I'm not in favor of gold based currencies. I think a currency only should be an information carrier and not a commodity by itself. So digital money could be something good provided that it's not in the hands of private interests. A digital currency has the potential to totally imprison all. Personal integrity and freedom  should not be given private bankers i any form. How an open and transparent democratic digital money system should be built is another question – perhaps it's impossible, I don't know.  But this debt slave based bank system    for the private parasites have to end, thats for sure!

[mobes]

To understand this further, I would like to refer you to my 5th show, where Stadtmiller has a guest who talks about this in further detail:

http://theinfounderground.com/ftp/mobes ... omics5.mp3

[mobes]

Digital currency is a double edged sword. It can free humanity if it's in public hands, or it can enslave humanity if it's in private hands. People need to wake up to this because if they don't, we're screwed!

[active_indolent]

I listened to your show and it was good! Informative and and filled with deep thoughts – Thanks!

I think we have mutual understanding of  the concept of moneys virtual (and hence medial) properties. Money is only a belief system and to control our beliefs is essential to uphold the money system.  I think inflation is a concept that clearly show that our belief system about money is rigged. I think it's easy to show that the concept of inflation is a virtual part of the protection of a system failure due to bankruns. I'll try to develop that in a later post.

I  agree that if the banksters succeed in implementing a totally digital currency  we are screwed.
I also agree that digital money in the hands of the people can be the thing that safes us from these banksters.

I don't know if you read this paper about the philosophical difference between Aristotle's and Adams Smiths (who probably acted as a Bank of England agent – and we know who was behind them) views on money, it's very informative.
//[url=http://www.monetary.org/bromsgrovetalk04.htm]http://www.monetary.org/bromsgrovetalk04.htm[/url]

[mobes]

Excellent! Thanks for the link!