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Hello, friendly strangers, I’m delighted to announce my new book….

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DEBT: THE FIRST 5000 YEARS

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is finally, finally out!

http://www.amazon.co.uk/Debt-First-5-000-Years/dp/1933633867

This is a work of scholarship, and politically engaged, but it’s also an attempt to break out of the usual academic and activist ghettoes, and I wrote it that way because I think that there’s a conversation we need to be having, not just nationally but also globally, that we began to have for a few months after the financial crash of 2008, and which has, since, been indefinitely postponed.

We seem to be hanging in this bizarre state of suspension, where most people understand that everything we thought we knew about money, markets, debts, and the role of government is no longer true and probably never was, yet there is a kind of taboo over discussing any better ways to think about them.

What better moment, it seems to me, than to start reexamining the historical record and to put our situation in a larger – much, much larger – context. So that’s what I did. A few examples of what I turned up (much of which, I must admit, surprised even me):

• that virtual money is nothing new – in fact it is the original form of money
• that the first word for “freedom” recorded in any human language is a Sumerian word for debt relief
• that our current core conceptions of freedom and rights trace back to Roman slave law
• that most rebellions, insurrections, and revolutions in world history have been over issues of debt
• that rather than markets and states being in some way opposed principles, markets – particularly ones that operated on cash instead of credit – largely emerged as the side-effect of military operations, and through most of history were maintained through government policy
• that contemporary free market ideology (and in fact many of Adam Smith’s specific phrases and examples, such as the pin factory) is derived from Medieval Islam
• we have every reason to believe that, as we now enter a new phase of virtual money, there will be major structural changes in the very idea of what an economy is and what it’s for that determine what global society will be like for at least the next five hundred years

Economic history states that money replaced a bartering system, yet there isn’t any evidence to support this axiom. Anthropologist Graeber presents a stunning reversal of this conventional wisdom. For more than 5,000 years humans have used elaborate credit systems to buy and sell goods. Since the beginning of the agrarian empires, humans have been divided into debtors and creditors. Through time, virtual credit money was replaced by gold and the system as a whole went into decline. This fascinating history is told for the first time.

–

http://commoning.wordpress.com

“…I thought we were an autonomous collective…”

Related articles

• Morton Fox: Debt, From Ancient Tool To Modern Weapon : NPR (npr.org)
• A Pound Of Flesh: Extraordinary Literary Debts (huffingtonpost.com)
• Making a case against unsustainable debt (boston.com)
• The History of Debt (politicalwire.com)
• USdebt.kleptocracy.us: a great visualization of the US national debt (publicdebts.org.uk)
• Are some nations too big to fail? (salon.com)
• Most revolutions have been about debt (room4truth.com)

2) Bankers told American businessmen that entering World War I would make the Great War last longer which would be good for the United States because it would bankrupt England, France and Germany. Calvin Coolidge on Veterans Day in 1928 said America had lost only 30,000 soldiers during the war but another 100,000 since the war ended. Those men had died of their wounds after the Armistice was signed. Everyone who died after 1915 in WW I died for bankers and Israel.

3) Bankers have been laundering drug money at least since the Opium wars. Currently bankers launder a trillion dollars a year in drug money. That these illegal drugs are killing millions of people and destroying cities one family and one neighborhood at a time is of no concern to them.

4) Gordon Duff of Veterans Today tells us that the Global Hawk which is a pilotless drone version of the U2 Spy plane is frequently used to carry 3,000 pound payloads of opium paste out of Baluchistan Pakistan. This lucrative opium trade is one reason why Afghanistan in America’s longest war. America has killed millions of innocent civilians for nothing. America will one day have to pay that debt.

5) On 9-10-2001 Donald Rumsfeld told us that he could not trace 2.3 trillion dollars in Pentagon spending. On 9-11-2001 four planes were electronically hijacked which together with pre-planted explosives killed 3,000 Americans that day and many more since in needless wars. 189 people died at the Pentagon. Most of these were auditors trying to find the missing trillions the bankers and their friends stole. American taxpayers are treated as indentured servants by the bankers. We are not allowed to audit the books and demand the return of the stolen money. Trillions more have gone missing since Rumsfeld promised on 911 to do a better job tracking down that money.

6) On March 22nd 2000 Susan Gaffney, the Housing and Urban Development Inspector General, testified before the House Governmental Affairs Committee detailing the 59.6 billion dollars that went missing from HUD during the previous two years. When asked if she did anything to recover the missing money she said No. If we were equal to a banker, we would have demanded audits. Years earlier Catherine Austin Fitts was at HUD under Bush I. She found one block in San Diego that had 20 million dollars in HUD guaranteed loans for buildings that never ever existed. All of these loans defaulted and were paid for by taxpayers who do not have the right to audit the books.

7) Max Keiser and Stacy Herbert are both American financial experts who now report on gross banking fraud from their base in Paris. They have made several trips to Dubai and have told us what multiple bankers told them. American contractors returning home from Iraq and Afghanistan have deposited suitcases full of money in Dubai banks. If we did not have a government owned and operated by the bankers, would any of this be possible?

8) Bankers financed the Soviet Revolution which allowed their Communist minions to kill over 60,000,000 real human beings. They deliberately starved 10,000,000 to death in the Ukraine.

9) The UN estimates that worldwide the slave trade traffics 250,000 mostly women and children a year. Many young children are killed for snuff films by Russian Jewish mobs. None of this could happen without the active participation and cooperation of bankers and the governments they own in the United States, England, Israel, Belgium, France, Portugal and elsewhere around the globe.

10) Several years ago documents revealed that the African slave trade was financed through front men like Aaron Lopez . The African slave trade resulted in the deaths of millions of human beings en route to North and South America. No estimate has been made of the numbers killed by the wars over 3 and one half centuries engendered by the desire to capture their fellow Africans to be sold to the bankers and their minions. The slave trade would not have been possible without the active participation and cooperation of the bankers and their governments. Did I neglect to mention the other end of the African slave trade? Every school book cites the trade of rum made in Newport Rhode Island by the 21 Jewish distillers for the slaves of Africa. What they do leave out is the fact that those distillers also sold rum to Indians who routinely massacred white settlers while in drunken rages. Then the settlers would take revenge so all sides except for the distillers and the bankers lost in this trade.

11) Asia Times told us that the big international banks launder 500 billion dollars a year in bribes for politicians. This does not include campaign contributions and cash payments. Remember the congressman in 2008 who said he had two types of calls from his constituents about the proposed Banker Bailout. He said some said No and the rest said Hell No. Yet the Bailout was passed by both Houses and approved by both Presidential candidates. Now you know why the Congress, the news media and the President do not listen to you and do not care what happens to you and your friends and your family.

12) Bernie Sanders revealed the Federal Reserve Bank created 16 trillion dollars in loans over the past couple of years. Many of these loans went overseas. But many of these sweetheart loans made at negative real interest rates (i.e. below the rate of inflation) were made to news organizations like NBC-MSNBC-Comcast. This company is owned by a defense contractor and two Zionist business partners. MSNBC, which is supposedly the most liberal news source in America, has been firing and disciplining liberal anti-war newscasters and hosts. This would be surprising to the casual observer if he or she was not aware of the loans made by the privately owned Federal Reserve bank.

13) Back to that 16 trillion dollar money bomb dropped on the people of the world by the Federal Reserve. Bankers were bundling up home mortgages into bonds and used MERS (Mortgage Electronic Registration System) to register their deeds. The bankers allowed their minions to sell one home mortgage into five different bonds in effect selling five different people a legal claim to your house. These bonds were worthless. The ratings agencies Standard and Poor, Fitch and Moodys gave these bonds triple A ratings in exchange for hefty fees. The banks did not do due diligence before selling them to banks overseas. They knew the loans were bad because they bought insurance (Credit Default Swaps) to cash in on the inevitable losses. More than 6 trillion dollars was paid by the FED to overseas banks. Why? Because they wanted to keep New York bankers out of jail. You see those bonds had to go into default and the bankers knew that. A bondholder whose underlying mortgage went bad would not ask for the return of his money. But if the mortgages were good, five different companies would come to collect from one homeowner and the courts might actually have to send bankers to jail. All the inflation you will see over the next few years will be due to the active participation of the Federal Reserve in financial fraud. Obviously those bankers in New York owe Zero Mostel and the writers of the movie script for the Producers a sizable bonus.

14) Do you remember the Presidential election of 2000? I knew Bush would become President years before. But I remember telling my friends that it was obvious to me that the Federal Reserve Board was spiking the election in Bush’s favor so we could go to war. My reasoning was thus: the FED was raising interest rates and tightening credit so the stock market would go down before election day. If the market declines in an election year, the incumbents lose seats in both Houses of Congress and a couple million votes in the Presidential race. Alan Greenspan made George W Bush President of the United States allowing Bush to invade Iraq and Afghanistan for Israel. Can I prove Greenspan knew in advance 911 would happen? One of the Rockefellers told Aaron Russo 911 was coming years in advance. What Greenspan knew about 911 and when he knew it, we will not know until we have war crimes trials.

15) Let’s revisit the North American Free Trade Act (NAFTA) of 1994. Since that date, America has lost 50,000 manufacturing plants. America has a little over 3,000 counties with an average population of 100,000. If you divide 4,000 into 50,000, you get an average loss of 13 to 14 manufacturing plants closing and going overseas per county. This has destroyed local tax bases, government revenues and jobs resulting in millions of unemployed and millions of foreclosed homes. Instead of testifying before the Congress and telling the nation what would happen Greenspan covered it up by printing lots of money. There was no price inflation, because traditionally a manufacturing based economy has to bid workers and raw materials away from competitors. Not so since NAFTA. We had no manufacturing base left to create price inflation. All the monetary inflation went into the stock market. Greenspan crashed the stock markets to end the dot com bubble and elect the warmonger Bush. After the dot com bubble went pop, Greenspan ignited the Housing Bubble. Why do we have a Bubble economy? The Bankers and their minions sent all the jobs overseas so the only way to make money in America today is through the Subsidized Bubble Machine known as the Federal Reserve and the Federal government. Citizens are required to buy insurance under penalty of law. But the insurance companies who wrote the Obamacare bill are not required to treat you when you get sick. This is a subsidized medical system which when the Bubble pops will send wages down, down down for nurses, doctors, pharmacists, EMTs and others in the health care field. Local schools and police were in the subsidized Bubble economy but the implosion of the tax base is forcing layoffs in many cities and states. Providence Rhode Island gave pink slips to every teacher. Ashtabula county Ohio (population 102,000) laid off all of the Sheriff deputies save those working in foreclosures for the courts. This means they have one deputy per shift for the entire county. A local judge told the residents to buy a gun. We have reached the point where the only Bubbles left are war and other subsidized government endeavors. The next sucking sound you hear will be civil service and healthcare jobs evaporating. This will send the unemployment rate above 30% from its current 22%. By definition and by law, Bubbles cannot give the illusion of productive employment and real wealth without the participation and cooperation of the bankers and the politicians they own.

16) President John Fitzgerald Kennedy was killed on November 22nd 1963. He had issued Executive Order 11110 on June 4, 1963 which returned the power of the Sovereign to issue currency to the Treasury from the FED. JFK was killed and that Executive Order was never rescinded but his US Treasury Notes which were non-interest bearing were recalled. I keep making the point on public and in print everyone else fears to whisper in secret that Kennedy was murdered on the anniversary of the day the bankers first met in 1910 to draft the legislation their hired politicians would pass on December 23rd, 1913 during Christmas break. My point is that the bankers were giving us a message by killing JFK on the anniversary of their secret meeting. We are peasants and they were born to rule over us. They have the right to kill your President and you do not have the right to try them for their crimes.

17) Martin Luther King was killed on April 4th, 1968. He was killed on the first anniversary of his famous anti-war speech at Riverside church in New York City. King planned to have a Summer of Ant- War protest in Washington D.C. He was going to use passive resistance and civil disobedience to stop the Vietnam War. The Bankers, the Zionists and the Imperialists could not allow King to win so they killed him. The message to the American people was that you are peasants, we are the feudal lords and you cannot refuse to die in our wars. You do not have the right to say No. Robert Fitzgerald Kennedy and his nephew JFK Jr. were also killed by the same people though for different reasons.

18) Dr Alan Sabrosky is a former Director of Studies at the US Army War College. Dr Steve Pieczenik was deputy Secretary of State for three Presidents. They are both of Jewish descent. They both say 911 was an inside job and that Israel did it with the help of traitors inside the US government. Sabrosky has been telling his former colleagues at the Army War College that Israel did 911. Do you for one minute believe that Israel could have done 911 and gotten away with it without the active participation and cooperation of Jewish Americans on Wall Street and in the government and news media?

19) When you go into a bank for a $10,000 loan, the bank is not lending you Mrs Jonses’ life savings. What the bank is doing is creating a $10,000 deposit in your checking account. There a few points of interest in this transaction. The banker only created enough money for you to pay the principal and not the interest on the loan. The interest on the debt can only be paid if the banker loans more money out and increases the total money supply so there is money to make the payments. This is called monetary inflation and usually leads to price inflation. Another point of interest is that the banker gets all of the benefit of making the loan and you, even if you are not part of this transaction, pay for it. How so, you ask? Because your purchasing power was diminished every time the banker made a loan. Years ago I remember reading a study of the loss of savings due to banker induced inflation. It was twice as great as the value of all Social Security payments received by the elderly. Bot a good deal for anyone involved except bankers who now want to cancel Social Security benefits but not the taxes you pay in so we can afford to continue to pay the Banker Bailouts.

20) The federal government under Presidents Kennedy and Lincoln issued non-interest bearing currencies. They saw no reason why the Treasury should not just issue a currency. They did not want to allow the bankers to create money (i.e. Federal Reserve Notes) they would trade for Treasury bonds which would require the taxpayers to pay interest on ever increasing national debts. Eventually, we would create what I have called a Debt Bomb of Unpayable Debts. The burden of those interest payments becomes unbearable and we all go in to bankruptcy at which point the bankers buy everything from us for pennies on the dollar in foreclosure sales with money they stole from us. Then we and our descendants are permanently reduced to the status of a landless serf. There is no reason for a national debt other than to transfer wealth from us to the bankers.

21) Since there is no reason for a national debt, there is no reason for Austerity Cuts so wages and benefits to be matched by taxes on the working and middle classes. The only reason for the European banks to bailout Greece is so that the banks can keep the Ponzi scheme going long enough to trade their Greek debts for euro bonds which they can sell and use to buy gold, silver and oil. All of our sacrifices are for nothing and only increase their ill gotten gain.

22) Harry Markopolos took in more than 300 pages of documented evidence to the SEC to prove to them that Bernie Madoff was stealing tens of billions of dollars from his mostly Jewish clients. The case was not hard to prove. Catherine Austin Fitts said the SEC had to do was to match Madoff’s bank transactions up with his brokerage accounts. So if he was moving lots of money around in his bank accounts but not buying stocks, then he was an obvious fraud who needed to be arrested in time for the Evening News. This is not the end of the story. Markopolos told us that a much greater fraud was waiting in the wings called Credit Default Swaps (CDS) which he valued at a potential loss of 600 trillion dollars. This is ten times the total output of the world’s goods and services. Yet to date neither the House nor the Senate nor the Obama nor Bush Departments of Justice and SEC have seen fit to ask Mr Markopolos to come and give evidence. Why? Because all politicians are frightened little cowards.

23) CDS were invented by a Jewish girl from England named Blythe Masters. She is the VP for Global Commodities at JP Morgan. Her boss is Jamie Dimon who is also Jewish. In 1999 Brooksley Born was Chairwoman of the CFTC and attempted to regulate CDS which are a hybrid between insurance and a derivative which is a bet on the future value of a bond or a commodity. Four Jewish men (Robert Rubin, Larry Summers, Alan Greenspan and Arthur Levitt) told her that she was not allowed to regulate CDS. That would spoil their fun. If you remember, I previously mentioned that the purchase of a CDS enabled the banks to sell bonds they knew to be worthless. It is illegal to do this. The purchase of a CDS gave the ratings agencies cover to give AAA ratings to zero value, fraudulently induced, no recourse bonds. Now remember the bailout of AIG. The banks knew AIG could not cover the losses they knowingly passed on when they bought CDS, because they both created the moral hazard of less than junk grade bonds and insured against it. They then went to their kept whores in the Congress and had them pass legislation that Bush, Obama and McCain approved of to cover AIG’s losses. It must be so much fun to be a banker, to steal a nation’s wealth, to start wars, to kill millions of people around the world and to make up assassination lists of honest politicians.

24) Jim Willie has a PhD in Statistics. He is so despised by the bankers that he, Bob Chapman and a few others can no longer safely live in the United States. He told Max Keiser that in the 1990s the US Treasury Department sold 2.2 trillion dollars more in Treasury bonds than were needed to fund the federal deficit. Remember that this was a deficit already swollen by missing trillions from HUD, Defense and other agencies. Did I tell you that Indira Singh who worked as a high level computer consultant for the Big Three New York banks until 911 said the bankers were even stealing from Social Security. They would enter say a million non-existent recipients into the computers, give them monthly checks. Those frauds were not part of the 2.2 trillion the bankers put directly into their pockets from the sale of bonds. Nor does it count those gold bars at Fort Knox which were sold and replaced with gold plated tungsten. Nor does it include the gold bars the bankers leased from the government and sold as if the gold were theirs.

25) Do you remember the newscasters during the recent Egyptian uprising saying that they lived on two dollars day in Egypt? The reason for their poverty was that the bankers used the IMF and World Bank to stop the Egyptians from developing agriculture so they could raise their standard of living and they could say No to bankers. The banks have forced Africans to accept Genetically Modified Organisms knowing that they emit pesticides into your blood and also increase your risk of cancer and sterility. They also force poor nations like Bolivia to privatize their water resources. When the bankers did this in Africa, people died of cholera. The bankers grind every last dollar out of the poor before they kill them. They are taking all those trillions of dollars from the Bailouts and buying commodities and sending the price of food and energy higher. In fact prices in a year will be so high that people who used to have jobs will no longer have enough to pay their bills and buy food. Those already poor will simply just fie from starvation, or in riots and revolutions. Maybe the bankers will be kind to the poor and release a plague that will kill a billion or two billion people.

Finally, I must tell you why I despise bankers. It might be one of the reasons why all decent and intelligent people everywhere should hate them. They serve no useful purpose. They have no redeeming qualities. They steal our money. They lie to us. They impoverish nations They ridicule our traditions and our way of life. They casually destroy countries. They destroyed my country America. America was on the road to ruin before I was born. The bankers are not real human beings. No real man or woman would look for honest, intelligent men and women who are well respected and then run to a phone to have them put on a Death List. When the dollar collapses, the bankers will go down their lists of honest and intelligent and courageous men and women killing them until we say No More.

Have I convinced you that bankers are pond scum?

As the gladiators used to say in the Roman Coliseum, we are who about to die salute you. Get your affairs in order. If there is anything you wanted to do, do it now. My earlier prediction that Benyamin Netanyahu’s plan to launch World War III in September by attacking Iran in order to prevent a UN vote on Palestinian statehood might be wrong. But my intuition still says No war now. Of course I am sticking by my earlier prediction that silver will skyrocket in price soon.

I was writing a series of articles entitled Go Beyond Left and Right to an Anti-Banker Party. I was diverted though this essay should have been entitled Part III. I have decided to call the next entry Part IV.

The author is horse237 who publishes Video Rebel’s Blog:

Related articles

• Bankers Banksters Scum ! (2012patriot.wordpress.com)

1. “Credit” goes by as ‘money’ as if it was Cash.
2. Creating Cash is the monopoly and privilege of a Nation State.
3. Creating Credit is the monopoly of banks and central banks.
4. The Problems associated with ‘money’ are different, when we talk about it as

• Cash in our pockets
• Credit in our bank accounts
• the Budget of a government
•  or as the currency of a Nation where Central Banks are the global players.

1. While ‘creating money’ is the sovereignty of nation states, banks have expanded their ‘habit’ of creating Credit into ‘financial products’ such that their ‘money’ virtually represents all money in circulation (estimated to be 97%)
2. Honest Money is a challenge to banking in the day-to-day dealings of handling money as debt aka as credit
3. In the UK, the deadly embrace between The City of banksters and Westminster of civil servants and politicians ensures that HM Partnership reigns with immunity to prosecution
4. We the People are all victims, since Central Bankers have been ruling, since the Bank of England was established in 1694 – albeit with the intention of avoiding the oppression of Their Majesties’ Subjects – which is why we ask for the Enforcement of the Bank of England Act 1694.
5. The myth of Public Debts is perpetuated, without spelling out the beneficiaries.
6. Governments are supposed to either borrow or tax as their income stream, when, in reality, they should create interest-free Cash (or Green Credit) rather than allow banks to create interest-bearing Credit.
7. Taxpayers are made to believe the system with annual budgets, while long term trends show the realities of

• inflation of prices
• inflated credit supplies
• and the continuous growth of Governmental interest payments on national debts.

If only banks were made responsible or accountable, they could not expand their control, while politicians are already in their pockets.

But, they are entrusted with ‘self-regulation’, just as the legal profession which is equally derailed.

The dishonesty of money is, however, being challenged by the class action of Americans who are suing The Fed.

The book Dishonest Money is published in the US.

Related articles

• Dishonest Money questioned by Class Action Lawsuit Against the Federal Reserve (forumnews.wordpress.com)
• WANTED: Warrior Lawyers à la Fighting Foreclosure Fraud by Sharing the Knowledge (victims-unite.net)
• Banks are ‘hounding borrowers to suicide’: High Court chief breaks silence to highlight crisis of personal debt (victims-unite.net)
• The Moral Hazard of Modern Banking: How Banks Create and Destroy Money (benzinga.com)
• Inside Bitcoin – virtual currency (i-programmer.info)

Together they mount a class action against the Fed.

Join in!

May this become a model for more class actions against more central banks!

Von Nothaus wanted to bring our monetary system on trial. Now the verdict of the jury is “a lesson in the difficulties of illuminating the illogic of our monetary system”…

When will “it” be common knowledge and generally understood???

• it began with a Twitter hashtag #ukuncut
• what manifested as a sit-in of 70 people in a Vodafone store in London
• and spread across the country in no uncertain way.

Spread the word, join in actions, or at least smile!

One Good Cut instead!!!

With thanks to Inquiring Minds.

• on a British site
• as “Plan B” for the British economy
• suggesting to cut bonuses and benefits to bankers..

Too much common sense!…

But that’s not enough:

• Central Bankers create “currency” as “public debt” from thin air, charge interest to the Government (in the UK as much as the military budget) and call it “quantitative easing“
• Bankers create “credit” from thin air, charge interest for their sort of “money” and get bailed out by Government
• The Treasury prints notes and mints coin, as Cash, free of interest, but still believes it has to “borrow” money from the Bank of England…

Enter we, the taxpayers:

• we believe that the Government runs the economy, when, in fact, their budget represents maybe around 40% of the whole money supply
• we believe that the Bank of England supervises banks and does it for the benefit of the country, when, in fact, it works for the benefits of its shareholders, like all other central banks

And what about taxes?

Before the creation of the Bank of England in 1694, monarchs created money and demanded taxes. However, the first “national debt” consisted of £1.2 million at 8% for the King to fight a war with France.

This pattern continued such that more and more Credit was issued as “money”, while the need for Cash was more and more reduced:

• since WWII 47% Cash went down to 3% Cash

So the Government colludes in the central bankers’ game of ruling the world with currencies (and the loss of their value) and credit money (and the loss of its value), while the real economy, with its real values is exploited and oppressed.

In theory, neither taxes nor spending cuts are necessary.

In practice, it seems to depend on who influences whom with what kind of knowledge and understanding or beliefs and myths…

In our efforts to stage a Public Inquiry into White Collar Crime, we need to include the creation of “money” as the ultimate institutionalised white collar crime… But who cares???

Justice for All are campaigning against spending cuts regarding legal advice. Maybe they’ll realise where spending cuts fit into the larger picture of creating “credit” from thin air and calling it “money”…

And ENJOY this video!