Author Topic: General Observations Regarding Banking and Treasury Fraud  (Read 306 times)

Offline Baruch (OP)

General Observations Regarding Banking and Treasury Fraud
« on: May 20, 2017, 12:11:07 PM »
This is a set of contextual comments I made on another blog today ... concerning the myth of bank competition and its supposed benefits:

Private banks give the government the plausible deniability, that the government creates money, currency and credit … because the banks are partners in the prejudicial distribution of government largess. Of course banking is too important to be left in the hands of bankers, and government is too important to be left in the hands of politicians … so there is an inherent competition/collusion that happens between banks as a whole and governments as a whole. When liquidity in the form of currency, was limited to money, this created a bottle neck in the operations of banks/governments … but that has been overcome in the last 50 years.

But it is an old story … in Babylon most of the shekels of silver were notional, units of account, not physical bullion. What was currency was the requisition slip to acquire stored grain etc from the temple stores. As has been pointed out, debt slavery is what has always driven wage slavery, since most people were never in a position to acquire independent wealth that was fungible (aka money). It has been a temporary liberalization, since the Classic period of Greece etc … until recent times, that has allowed fungible wealth to be accumulated outside of government/temple control.  This has been ending for two generations … with purely electronic money, at interest, we will have returned to the days of Babylon … and the slavery that went with it.

Malfeasance in accounting is the name of the game in white collar crime, going back to Babylon and clay tablet inventory & receipts. Under King Hammurabi, this was punishable by death … all transactions by an individual or their agent, including pawn broking, had to have a witness or a notarized bill of sale/pawn. Arthur Anderson Corp anyone? How about massive accounting fraud as part of the Chinese miracle?

So if it helps the Elite to leave out private assets, or private liquidity, or private debt … it will be. Credits and debits depend on the observer, like Schroedinger’s Cat. A huge quantity of private assets aren’t accounted for in Europe and elsewhere … not just in the Pentagon. Enabling private and public liquidity is the primary job of central banks, particularly liquidity between national banks. Enabling private debt of a certain sort is important to the peasants … and their predatory creditors. There is nothing new under the sun.
« Last Edit: May 20, 2017, 03:02:31 PM by Baruch »
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Offline SGOS

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #1 on: May 20, 2017, 02:21:52 PM »
I will say I've never been able to understand what makes money valuable.  It was simple when there was a one to one correspondence between silver certificates and dollars backed by gold.  The only thing I can say in favor of fake money is that it seems to work.  What holds it up, I'm not sure.  I've heard it said that it is held up by a good faith promise on the part of the government, who will stand behind the printed dollars.  But then again what does it mean by "good faith" and what does it mean to "stand behind a promise " if you've got zip to do anything to keep your promise.  While the system does seem to work, I always have this edgy feeling that I'm missing something.

Offline Baruch (OP)

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #2 on: May 20, 2017, 03:10:58 PM »
I will say I've never been able to understand what makes money valuable.  It was simple when there was a one to one correspondence between silver certificates and dollars backed by gold.  The only thing I can say in favor of fake money is that it seems to work.  What holds it up, I'm not sure.  I've heard it said that it is held up by a good faith promise on the part of the government, who will stand behind the printed dollars.  But then again what does it mean by "good faith" and what does it mean to "stand behind a promise " if you've got zip to do anything to keep your promise.  While the system does seem to work, I always have this edgy feeling that I'm missing something.

Solid money, not credit ... aka debt on your part ... has been stable, because it is hard for the government/bank to mess with it.  Anyone who has used fiat money (as credit aka gold or silver certificates, as debit aka anything else) has been unstable, because the king/politicians can't keep their hands off of it.  Positive or negative interest is always unstable.  To fund wars ... which requires oceans of money (hence the Fed being established just before WW I) and buy votes.  Good faith?  Basically a promise to fight inflation ... which they have failed to do.  The US dollar now is worth 2 cents of a US dollar a hundred years ago.  Gold and silver have held up their value, particularly gold (it is a better choice for money, hence more desirable).

Of course the actual value of gold or silver is zero, same as paper money.  The difference is that the government can't print up more gold/silver at whim.  In fact a hard money economy is deflationary, not inflationary ... your hard money is worth more over time, not less.  The only present promise of the government, is that if you turn in a $20 they will give you two $10 ... but pretty soon, not even that.  You will get a net-net zero adjustment in the magic spreadsheet ... like the one where the $2 trillion in Pentagon money went (day before 9/11).

Economics isn't static, unless the population, lifestyle, and money supply is stationary.  Usually population increases, the desired lifestyle becomes more expensive per capita, and the money supply grows (though today not money, but currency, not currency by magic entries in a government spreadsheet).  But they don't grow at the same rate, and unearned benefit isn't distributed equally (hence loss of economic standing of working people vs rentiers since 1980, not just 2008).  Society is a casino, where the banks/treasury are the croupier.  The House however, that is the people who lurk behind the government.

What makes worthless things valuable?  The government.  They decide what can be used to buy or sell, who can buy or sell, and what can be bought or sold.  This is enforced by punishment or execution.  Your share of the flow of money from and back to the government ... is your share in the organized crime syndicate known as society.  Everyone is equal, but some are more equal than others.  Vote the wrong way?  Too bad what happened to all your electronic money ;-(  Like what happened to the legacy seed repository this past week ... disaster (or Monsanto Wet Ops).  Of course if you had cash under your bed, they could come and take it from you.

The original:

007 was originally CIA and American

The burlesque:

A whole herd of 007s

The return to original form:

007 reboot as a sociopath

The actual 007 who Ian Fleming knew during WW II, was a WW II Serbian double agent:
https://en.wikipedia.org/wiki/Duško_Popov

The casino in this story is the origin of the casino in the book:
/movie
« Last Edit: May 20, 2017, 04:05:18 PM by Baruch »
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Re: General Observations Regarding Banking and Treasury Fraud
« Reply #3 on: May 20, 2017, 03:21:36 PM »
I will say I've never been able to understand what makes money valuable.


But to answer seriously:  nothing.  Representative money is inherently worthless.  Always has been.  Cash, shells, caps, etc - the physical form doesn't matter, the only thing that matters is that it works.  It works only because society at large has decided that this otherwise worthless item represents some amount of resources (this value varies over time).  If everyone inexplicably refused to accept the dollar for goods and services, people would soon thereafter start burning cash for warmth.
« Last Edit: May 20, 2017, 03:40:21 PM by Hydra009 »

Offline Baruch (OP)

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #4 on: May 20, 2017, 03:31:08 PM »


By to answer seriously:  nothing.  Representative money is inherently worthless.  Always has been.  Cash, shells, caps, etc - the physical form doesn't matter, the only thing that matters is that it works.  It works only because society at large has decided that this otherwise worthless item represents some amount of resources (this value varies over time).  If everyone inexplicably refused to accept the dollar for goods and services, people would soon thereafter start burning cash for warmth.

Society doesn't decide shit.  The men with guns do.  A government is a legalized mafia.  Mao knew what he was talking about, Napoleon also (who got notoriety for gunning down Parisian citizens with cannon and grapeshot).
« Last Edit: May 20, 2017, 03:54:23 PM by Baruch »
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Re: General Observations Regarding Banking and Treasury Fraud
« Reply #5 on: May 20, 2017, 03:42:10 PM »
Society doesn't decide shit.  The men with guns do.  A government is a legalized mafia.
Please tell me that you don't vote.

Offline Baruch (OP)

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #6 on: May 20, 2017, 03:51:18 PM »
Please tell me that you don't vote.

As a petti-mafiosi ... US citizen, of course I do.  I have always supported the strongest organized crime syndicate ... the Feds.  Since 1776 ... USA = Ultimate Slaying Association.
« Last Edit: May 20, 2017, 04:06:08 PM by Baruch »
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Offline Cavebear

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #7 on: June 18, 2017, 04:17:23 AM »
A typical gold-hoarder...  Paper money is an agreed-on IOU.  So is gold.  Do you really think that gold has any intrinsic value?  Its just another metal.  I earn profit every year not buying gold.
Atheist born, atheist bred.  And when I die, atheist dead!  b 1950

Offline Baruch (OP)

Re: General Observations Regarding Banking and Treasury Fraud
« Reply #8 on: June 18, 2017, 08:34:20 AM »
A typical gold-hoarder...  Paper money is an agreed-on IOU.  So is gold.  Do you really think that gold has any intrinsic value?  Its just another metal.  I earn profit every year not buying gold.

I agree that money is an agreed-on IOU.  By the Mafia.  I use it, because I don't want to sleep with the fishes.  I work with the Mafia (Feds) because I want to help them make other people sleep with the fishes.  Gold has no intrinsic value, neither does paper money or any other security, including real estate.  Bullets that fit your gun, have intrinsic value.  Gold is too expensive for bullets, and paper money ... you can't even use it for wadding, unless you have a musket.  Any profit you or I make ... is based on White collar crime.  There are two kinds of human activity, White collar crime, and the more serious kind.

I have a variety of securities, as diversification.  Most people don't have that, because 50% of Americans are broke.  I am working hard to not be broke, and I have to kill (indirectly) innocent people half a world away ... to do that.  When you pay taxes, or you were working for the Feds, you were/are doing the same things.  We are just alike, eh Guido?
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