Meet the New Boss, Same As The Old Boss I - Monetary Fraud
In The Name Of The Game we laid out an outline of ”The Game". In "Meet the New Boss, Same as the Old Boss", we will take a closer look at the systemic control necessary to effect Forex Arbitrage Fraud (currency and bond); and the government bureau of information statistics used in the process.
For some historical perspective on the process of creating and controlling "legal tender", we will use actual quotes from relevant historical figures.The Federal Banking Act of 1863 and The Federal Reserve System established in 1923 are the foundation for the current systemic control of the money supply.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." - JAMES A. GARFIELD 20th President of the United States – Inaugurated March 4, 1881; Assassinated July 2, 1881.
How important is control over the volume of money, and what lengths will those in control go to, in order to maintain it?
"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 its issuance." - JAMES MADISON 4th President of the United States 1809-1817, regarded as The Father of the Constitution.
In Economic Growth and Lower Interest Rates , we touched upon how an honest monetary policy is necessary to prevent Forex Arbitrage abuses. What are the potential consequences of a dishonest or fraudulent monetary policy?
"Paper money polluted the equity of our laws, turned them into engines of oppression, corrupted the justice of our public administration, destroyed the fortunes of thousands who had confidence in it, enervated the trade, husbandry, and manufactures of our country, and went far to destroy the morality of our people." - PELATIAH WEBSTER 1726–95, one of the main architect's of The Constitution.
In closing, we defer to a man who is considered one of today’s foremost authorities on the subject of monetary control and policy. Given today's state of affairs, we find his publicly expressed viewpoints quite ironic in nature.
"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.... Deficit spending is simply a scheme for the "hidden" confiscation of wealth.... [Gold] stands as a protector of property rights." - ALAN GREENSPAN 1987 to present - Federal Reserve Chairman.
Facts: Our banking system has created $7.5 trillion since 1980. During this time, the market capitalization of the financial sector component of the S&P500 has grown from $50 billion to $2.3 trillion. Financial sector profits now comprise 45% of all corporate profits. Last year, U.S. banks and NYSE member firms generated $600 billion in net profits through money shuffling. All that money, just for moving paper and data around, pretty good work, eh?
More to come in Part II
For some historical perspective on the process of creating and controlling "legal tender", we will use actual quotes from relevant historical figures.The Federal Banking Act of 1863 and The Federal Reserve System established in 1923 are the foundation for the current systemic control of the money supply.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." - JAMES A. GARFIELD 20th President of the United States – Inaugurated March 4, 1881; Assassinated July 2, 1881.
How important is control over the volume of money, and what lengths will those in control go to, in order to maintain it?
"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 its issuance." - JAMES MADISON 4th President of the United States 1809-1817, regarded as The Father of the Constitution.
In Economic Growth and Lower Interest Rates , we touched upon how an honest monetary policy is necessary to prevent Forex Arbitrage abuses. What are the potential consequences of a dishonest or fraudulent monetary policy?
"Paper money polluted the equity of our laws, turned them into engines of oppression, corrupted the justice of our public administration, destroyed the fortunes of thousands who had confidence in it, enervated the trade, husbandry, and manufactures of our country, and went far to destroy the morality of our people." - PELATIAH WEBSTER 1726–95, one of the main architect's of The Constitution.
In closing, we defer to a man who is considered one of today’s foremost authorities on the subject of monetary control and policy. Given today's state of affairs, we find his publicly expressed viewpoints quite ironic in nature.
"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.... Deficit spending is simply a scheme for the "hidden" confiscation of wealth.... [Gold] stands as a protector of property rights." - ALAN GREENSPAN 1987 to present - Federal Reserve Chairman.
Facts: Our banking system has created $7.5 trillion since 1980. During this time, the market capitalization of the financial sector component of the S&P500 has grown from $50 billion to $2.3 trillion. Financial sector profits now comprise 45% of all corporate profits. Last year, U.S. banks and NYSE member firms generated $600 billion in net profits through money shuffling. All that money, just for moving paper and data around, pretty good work, eh?
More to come in Part II
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