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Dead Constitution See other Dead Constitution Articles Title: If You Want to Limit the Power of the Super-Wealthy, Stop Using their Money If You Want to Limit the Power of the Super-Wealthy, Stop Using their Money Posted on December 29, 2015 by Charles Hugh Smith Many well-meaning people want to limit the wealth and power of the super-wealthy, i.e. the Financial Aristocracy/Oligarchy. (For more on the modern class structure, please see America’s Nine Classes: The New Class Hierarchy.) Reformers have suggested everything from a global tax on wealth (Piketty) to publicly owned banks to limiting the pay to play circus of campaign contributions. None of these will change the power structure or limit the super-wealthy. as I explained last week, If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing. The super-wealthy will either move their capital elsewhere, derail the reforms, or have their political lackeys water the reforms down to the point they are nothing but a politically useful illusion of “change.” The only way to systemically limit the power and wealth of the Financial Aristocracy is to stop using their money, i.e. central-bank issued state currencies. Central-bank/state issued money is borrowed into existence and made available to financiers and the Financial Aristocracy to buy up productive assets. Central states borrow some of this money to fund their bread and circuses welfare programs that keep the restive underclasses distracted, insecure and dependent on the state, but none of this actually changes the ownership or capital structure of the economy; it just makes the masses complicit in the status quo. Though the vast majority of us have little opportunity to use money that isn’t issued by central banks, that’s changing. Bitcoin is the most well-known example of a non-state, non-central bank form of global money, but there are many more in use or in development. The state/central bank monopoly on issuing and distributing money is (along with war-making and coercion) the state’s most jealously guarded monopoly.The state– which includes the largely invisible Deep State, the central bank (Federal Reserve) and the visible machinery of government–retains the sole right is issue money in whatever sums it chooses and to whom it chooses because the jig is up if the state loses the power to reward its Financial Aristocracy cronies and fund its own programs. A nation-state in which the populace is free to use a variety of competing currencies is a nation-state in which the state can’t fund itself with newly issued funny-money or distribute new money to the super-wealthy. In a nation that uses competing global non-state currencies, the state must live off tax revenues and bonds sold in the open market, free of central bank collusion. In a nation that uses competing global non-state currencies, the state cannot generate inflation by over-issuing money. In a nation that uses competing global non-state currencies, the central bank loses the power to enrich the super-wealthy. Isn’t it obvious that whomever controls the digital “printing press” of new money controls everything? Conversely, if this power is stripped away from centralized states and their banks and decentralized (as I outline in my new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All), the essential mechanism of transferring wealth to the super-wealthy and their political lapdogs (Clintons et al.) is broken. States will naturally suppress competing currencies and outlaw any threat to their monopoly. That bitcoin is not yet illegal in the U.S. is a surprise. What isn’t a surprise is that Goldman Sachs has sought patents on its own crypto-currency:Goldman Sachs wants to create its own version of bitcoin. (via Drew S.) Those who believe states can never lose control of their currency should consider what happens in hyper-inflation. When states debauch their currencies and push them over the cliff, people abandon the currency in favor of money that holds its value and acts as a means of exchange. In such a setting, a non-state digital crypto-currency currency is a practical solution. Gold and silver are always money, but they have their own risks and limitations (“my lead will take your gold” etc.). When official money loses its purchasing power, even phone-card minutes can act as money. As farfetched as it may sound today, I suspect there will be a ruthlessly Darwinian sorting of currencies within the next 10 years. Nations with broken national currencies that adopt non-state competing currencies will outperform nations that cling to centralized enrich-the-already-super-wealthy model of central bank-issued currencies. The only way to reverse rising inequality and break the power of the super-wealthy Financial Aristocracy is to stop using their central-bank issued national currencies. When the world ceases to use the Financial Aristocracy’s money, their power to accumulate more wealth at the expense of everyone else will disappear. Everyone who is convinced that the current status quo is permanent and unbreakable should consider what happened to the super-wealthy private landholders of the Western Roman Empire. When the empire’s power to coerce broke down, the super-wealthy vanished into the dustbin of history. Few believed that possible in 475 AD, but history isn’t a matter of belief. Believing it isn’t possible doesn’t stop history. Poster Comment: I am forever curious as to how seemingly intelligent folks can see the damage done to themselves monetarily by the privately owned central banking scheme but fail to realize that their rights have been diminished almost out of existence as a result of the impact commercial paper has on the Constitution. When Rothschild made his comment regarding his lack of concern towards those that make the law; he would have stated it more honestly by saying those who think they make the law. Because he knew that once a nation became dependent upon the private money (internal to the bank - currency - FRNs) that bank policy (AKA Commercial Law) would supplant common law and cause the Constitution to become irrelevant in commerce. (Everything is commerce now because of the means of exchange being commercial paper). What actually transpired when we finally adopted a completely private monetary system where the BANK OWNS ALL MONEY / CREDIT in circulation, and that so-called money is in actuality "COMMERCIAL INSTRUMENTS" that circulate in commerce (all is credit) and is a lie based upon false promises to pay, then everyone and everything it touches fall into the commercial zone owned and operated by the bank(ers). In effect, the people become citizens of the bank and are subject to the banks authority. Like George Carlin said, "THEY OWN YOU and THEY DON'T GIVE A FUCK ABOUT YOU". [Please excuse Mr. Carlin's french if you speak french, but if you understand english please wake the fuck up and recognize your slavery]. Many here and around the country seem stunned or dumbfounded when their most cherished rights as a human being are blatantly violated especially when it appears that those rights have been etched in stone under the Constitution, but just like the game children play, Scissors, Paper, Stone, the Constitution like the stone has been covered and conquered by (commercial) PAPER. ["By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." — John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920). ]. Like a magician uses slight of hand to make you see only what he wants you to see, the bankers have you so concerned about losing your savings you don't see your rights being stolen, BY LAW. "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 deposits, 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 deposits." — SIR JOSIAH STAMP, (President of the Bank of England in the 1920's, the second richest man in Britain): The international thieving bankers are also the greatest magicians or alchemists ever to exist on planet earth. They have taken your gold and silver by using alchemical commercial (worthless)paper. Monetary gurus are completely fooled by the bankers magic act. They are so entirely focused solely on the fuckin we're taking monetarily that they are blinded with respect to our loss of individual rights, liberties, and freedoms. We all know that our freedoms are disappearing faster than we can address the issue. We know the Constitution is ignored completely but we are too blinded or too busy to understand WHY THE CON-sti_stupid is irrelevant. It's the economy - stupids ! Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: noone222 (#0)
What I've never seen is a 1,2,3 step plan on exactly how to extricate ourselves from the commercial paper system here. Stop using their fiat paper, how? I don't believe that it's possible. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I don't believe that it's possible. The change to a different system would have to take place incrementally just as it was imposed upon us. It could start by having all banks in the country adhere to the policies of the Bank of North Dakota. Secondly, the use of credit cards and debit cards should devolve back into a strictly cash system or a system without PRIVATE OWNERSHIP of the issuance of currency and credit. This is a function of the government/public and not the private banking cabals. While Ellen Brown doesn't address the impact of fiat on the law she does express a means of causing the system to lose some of its power. "Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". Doug Scheidt
Another thing, Jim, is that most of us are so accustomed to the bullshit system we've grown up in that we are somewhat blinded to alternatives. My point is that we need to limit contact as much as possible with the debt based/ fiat credit system because it's what is really decimating the country and the planet. It's "their" love of money that has murdered Presidents and countless millions of others. "Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". Doug Scheidt
"While boasting of our noble deeds we're careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery. — Horace Greeley
"Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". Doug Scheidt
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." — James Madison Every Christian (I mean one that thinks faith is a verb / an action word instead of a noun / thing) should know that their God, their Jesus Christ-Lord and Savior, whipped these money changers and ran them out of the temple. So why are His followers incapable of doing the same ? Fear no man but God that can destroy your soul. "Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". Doug Scheidt
There was at one time an alternative currency called Liberty Dollar, which was backed by precious metals. They were run out of business by the federal courts and forced to close down their website. It was a good system. There was a town in Arkansas that you could visit and exchange your FRNs for Liberty Dollars. Then, you could visit any one of the many participating businesses and spend your Liberty Dollars with them. When you were ready to leave, you could exchange your remaining Liberty Dollars for FRNs and everyone was happy. That now is all gone. "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
I agree that North Dakota has shown us the way; I tried to join, but it's only available to residents there. There is no way that I can pay bills, buy groceries, fuel, meds, etc without using credit cards, checks, or FRNs, period. Retailers don't accept chickens, cattle, baked goods, gold or silver, or any other medium of barter here. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
And stop fighting their wars.
If we could stop using their monetary system - they couldn't finance their wars. "Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". Doug Scheidt
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