In this video Joe Blogs says money is just a commodity like any other and that banks don't cause the BOOM/Bust cycle. He then criticises President Putin's Introduction of New Foreign Currency Controls as being detrimental to Russian corporations and its economy.
I disagree. Arguably money can only be regarded as a commodity if it is a tangible product created by human mental and physical effort, as for instance, if humans mine and create gold, silver and precious metal coins and ingots or create wealth in the form of other precious objects for use as money.
In our current global monetary system that is not the case, except for a tiny quantity of coins and substantial quantities of gold and silver ingots mostly held by Central banks. Today, what everyone refers to as money is ‘currency’ i.e. tokens that are either paper notes or electronically created book keeping digits in accounts. In effect, what we think of as money is actually a mental fiction created and destroyed as book keeping entries.
By pretending that the money in daily use is a commodity bankers and governments are able to manipulate public opinion to accept fractional reserve banking, a process in which bankers pretend to create ‘money’ out of thin air and demand that the general population pay them for it using the actual fruits of their ingenuity and labour, i.e. real physical wealth. To add insult to injury bankers also require the general population to pay them compound interest on the fictional money they pretend to create by placing book keeping entries into their clients’ accounts while saying it is money.
In all the circumstances this process is theft on a grand scale. The process is facilitated by governments (which are private corporations like the US Inc, UK Inc and the Commonwealth of Australia), colluding with private corporate banks to force populations to accept and use the debt token ‘currency’ issued by banks; AND digital book keeping ‘currency’ entries by banks in “borrowers” accounts, as equivalent to physical wealth, i.e. gold, silver and other precious metals etc. For further discussion see:
The process is theft AND EXTORTION because populations are forced to pay banks the real wealth generated by their work, for digital book keeping entries and/or paper debt tokens; on the basis that those book entries and debt tokens are real money i.e. real commodities. The fact that the banks’ book entry “money” is a fiction is evidenced by the fact that once a bank loan “borrower” pays the bank the notional loan amount plus the compound interest the bank demands, the “money” allegedly represented by the book entry loan ceases to exist.
The beauty of this arrangement for the banks is that to maintain the supply of a sufficient quantity of their pretend money in circulation to enable society to continue to function, i.e. to enable the population to continue to exchange goods and services and build infrastructure; the banks have to continue to pretend to create money into existence out of thin air and to ‘lend it’ at compound interest; thereby extracting MOST of society’s productivity and wealth for the benefit of the banks’ private owners. So the banks appear to be a vital societal component needed to ensure the life and well being of society whereas in truth they are a completely unnecessary PARASITE battening on populations and sucking most of the wealth and energetic lifeblood from the humanity.
Moreover, because the banks NEVER purport to create let alone emit the pretend money needed to pay the compound interest they charge; the system requires that they must continue to issue loans for ever larger amounts which constitutes a built-in increase in ‘profitability’ while ensuring that the population is always on the edge of bankruptcy and desperate to acquire the bank’s counterfeit money debt tokens in order to survive. This is a perfect slavery mechanism because the general population of wage slave, free range serfs,THINK that their failure to thrive is their own fault rather than an inbuilt feature of the unlawful, fictitious and rapacious, pseudo money creation and banking system.
In effect fractional reserve banking is a perfect perpetual enslavement mechanism and the reason that it is so effective is that the owners of the major banks are hidden behind the corporate veil with billions of minions unconsciously doing their bidding by fleecing the human herd, including themselves, to within a inch of their lives, and beyond, for those who commit suicide due to financial problems.
Once the major bank owners (the Khazarian Mafia - KM) became super rich it became a doddle for them to manipulate and control governments, turning them into private corporations which they own, like the banks. Thus our global political and economic systems have become a unified enslavement mechanism controlling a free range serf world in which populations THINK they are free while totally enslaved. This is ideal for maximising production because no one is so totally enslaved as the individual who thinks s/he’s free. And those who think they are free work harder and more productively than those who know they are enslaved. This extortion racket is so huge that people refuse to believe it.
A key factor in the KM’s global control matrix has been their covert ownership and control of governments; thus exemplifying the old adage that ‘He who pays the Piper calls the tune’. The banks’ control of our world via use of the fractional reserve system is made possible by the KM banksters’ control of most governments so that they are able to direct those governments to authorise and licence banks to operate their fractional reserve system of creating ‘money’ out of thin air. As government should create and issue the nations’s money supply to enable the population to exchange goods and services so that the economy can flourish, their failure to do that amounts to holding the population to ransom on behalf of the banks.
An integral part of this extortion racket is the KM’s manipulation of Western governments to get them to legislate to pretend that corporations have human personality and rights exceeding those of humans. In other words, the KM have turned our world upside down with inanimate government, banking and other MEGA corporate structures directing and controlling the lives of real human beings.
The myth that governments are democratically elected and represent the wishes of their electorates has been used by the KM to conceal the truth that Talmudic globalist plutocrats OWN governments and direct them to collude with banks to EXTORT the global population. Governments complete the banks’ EXTORTION RACKET by enforcing the banks’ pretend money creation and banking racket using national governments’ monopoly on force and violence by requiring government controlled Police, Courts and Prisons to force populations to pay the banks’ unlawful fraudulent claims. In effect governments act contrary to their electors’ interests by ensuring that no one is able to circumvent the banks’ counterfeit money supply system by commercial bartering or issuing their own asset backed money and currency.
The KM’s global control matrix system was nearing perfection until recently when Christ Michael Aton authorised the Triodity of Trump, Putin and Xi and their BRICS and global military Alliance supporters to organise the take-down of the KM and their globalist Central Banks and corporations. That initiative is nearing completion. Once the KM’s global monetary and banking systems collapse their compromised governments around the world will be replaced and new corruption free governance structures and monetary and banking systems will be implemented.
*************************************************
Addendum
Although money in the form of gold, silver and precious metals can be said to be a store of value, ideally humanity probably needs to agree to use a substitute for money that can facilitate the exchange of goods and services but which is not a store of value and hence not hoardable and useable as a means of dominating and controlling people. Quantum electronic banking can and will be used for this after the existing criminal global financial and banking systems implode and the new Quantum governance system operating on Star Link satellites protected by Space Force is introduced.
Russia’s Recent Foreign Exchange Regulations.
Joe blogs criticises Russia’s recent foreign exchange regulations but fails to note that after the coming global financial and economic crash, currencies like the US dollar will drastically lose value and may go to zero. Putin knows that will happen and that Russia’s ruble has real value based on Russia’s genuinely productive economy. He also knows that Russia is, or could be, an autarchy and that most other economies aren’t; because their economies are based on financialisation bullshit and ridiculous GDP valuations. The current ‘musical chairs’ global economy will be fine … UNTIL it isn’t.
Arguably Putin is seeking to protect the Russian people and its productive foreign exchange earning enterprises from experiencing huge losses in so-called “stored value” in the form of holdings of extremely shonky foreign currencies that have been manipulated since Bretton Woods and certainly since the US went off the gold standard in 1971. When USans start needing wheelbarrows to carry the US dollars’ needed to buy a loaf of bread, the ruble will remain viable in Russia.
Joe Blogs rightly says interest rates curb inflation by forcing people to curtail spending, but doesn’t explain that interest rate hikes are designed to cause recessions and depressions which create unemployment, hardship and impoverishment of whole societies, but not to bankers and their shareholders who not only profit from forced increases in their revenues but rate hikes also enable banks to foreclose on so-called collateral properties, ‘stealing’ them for pennies on the dollar.
The joke among Central banksters is that they KNOW that interest rate hikes increase the price of everything because the banks' electronic currency is needed to transact all goods and services exchanges in the economy. IF "money" costs more, then everything costs more also. How the Central banksters must laugh when telling ‘captive’ populations that the banks HAVE to increase interest rates in order to reduce inflation! The only winners from increased interest rates are the banks who have an unlawful monopoly on PRETENDING to emit the ‘money’ needed to enable society to operate; and they manipulate their monopoly by increasing and decreasing their creation and emission of that ‘money’.
Another 'joke' among Central bankers is that they KNOW that they demand interest payments on loans and mortgages but NEVER even purport to create or issue any currency to PAY that interest. That means there is always a growing shortage of currency in the economy and the only way to keep this fraudulent system going is to continue to issue more and more loans and mortgages for ever larger face value currency amounts to enable existing "borrowers" to be able to obtain the currency needed to pay that interest. Of course a steady percentage of “borrowers” are unable to scrape together the currency needed to pay their bank the principal and interest it demands. Those individuals are bankrupted which keeps the herd in fear of joining them and so the herd, as a collective, works harder and becomes ever more amenable to direction and control.
The system is obviously unviable and invariably crashes in 50-55 years or sooner. The current system commenced in the US in 1971. Do the math.
Given the misery, hardship and impoverishment of the global population due to fraudulent fractional reserve banking it is long past time that the current global EXTORTION RACKET operated by private banks in collusion with compliant governments should be terminated. See eg: https://ronchapman.substack.com/p/cosmic-consciousness-and-its-energetic
And: https://rumble.com/v3eom41-the-incredible-mortgage-scam.html
And: https://ronchapman.substack.com/p/the-fed-and-all-the-rothschilds-central
In my opinion Putin and the BRICS nations are in the process of ensuring that the current criminal monetary and banking systems are terminated, freeing humanity from enslavement by the KM banksters AND their criminal accomplices in governments. THAT process is likely to culminate in 2024.
Accordingly Putin knows that he needs to protect the monetary assets of his foreign trading corporations as much as possible
Ron
Discussion about this post
No posts