Interview 928 – James Corbett Discusses Voluntary Solutions to Ending the Fed
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via the Greening Out Podcast:
The Greening Out Podcast chats to James Corbett about his new documentary Century of Enslavement: A History of The Federal Reserve. We get into the history of the Fed and central banking, economics, alternate currencies, the new world order, global governance, voluntaryism and a little bit of Scottish Independence.
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James, please read!
I really think a serious trap is being set here, the gold trap.
Libertarians think gold is the answer to our monetary problems. I think gold-deification is another tool of the money power. After all, who owns gold? The rich, and you know the golden rule…
The real answer is more along the lines of interest free credit and the complimentary currencies you have covered. There is a fantastic argument to be made that usury itself is actually the tool of the elite bankers. Margrit Kennedy found that compound interest works as a wealth distribution mechanism, with the bottom 90% paying interest on everything to the top 10%, and even the top 1% paying interest to the top 0.01 percent and so on.
I think “ending the fed” is not the crux of the issue… soon the FED will be ended with the fall of the American empire and the great currency reset…replaced by gold. The real argument is how we can have an interest free monetary system, that is not backed by gold. As Bill Still says, it’s not what backs the currency, it’s who controls the quantity.
Anti-usury stances are unfortunately often associated with fascism. This is a strawman argument. Rather than write a selfishly long post, the following is a great blog about debunking Austrian economics:
http://realcurrencies.wordpress.com/2014/08/20/the-brics-bank-next-stop-on-the-road-to-world-currency/
I hope anti-usury arguments at least help to inform your opinion on the nature of money and what a society might look like without it.
Yes, that’s a very important point.
https://www.youtube.com/watch?v=Sboh-_w43W8
What I fear the most is that the path to freedom will be beseth with many fake successes, leading people into thinking they have acquired their freedom. While they are still in the mouth of the beast.
If these people fail now, all they need to do is wait for another generation, people forget quickly.
Gold will most likely not be the next solution. The India experiment relating to the demonetization to a cashless system is the way the “powers that shouldn’t be” will achieve their domination. Once it is achieved, the Fed may not be necessary because an new worldwide monetary system will be controlled centrally in a “neutral” place to be determined.
I a worldwide cashless system, everyone becomes a tax payer, seizures of the dissidents can be achieved in a few key strokes, countries become relatively irrelevant, and the Corporate control by the elite becomes complete.
Money (it whatever form) and credit creation is an omnipotent power in a modern world where complex trading takes place. To have this power in the hands of any corporate entity, like banks or government, is just asking for the abuse of this power. It is my belief that this creative power must be in the hands of the people through a totally transparent public institution that is separate from any corporate influence. Of course the secret to providing a stable and permanent money supply is that it must be issued in the correct QUANTITY and debt free. Secondary markets that lend money at interest must necessarily be regulated so that they will not as a mathematical certainty become the whole of the financial economy, ie) by limiting market share and size. Speculative enterprise must also unfortunately be regulated unless we also wish to revisit an economy taken down by the newest ‘tulip bulb’ bubble. Money unfortunately just cannot be left as an ad hoc free market enterprise as no one except insiders would have any idea of what that money was really worth.
As an aside the present monetary system, as evolved through history, has also spawned a situation as just as great a menace and tied inexorably to this monetary system and that is the incorporation of almost everything to do with the human economy, including that vast majority of humans on this planet. As such the corporate ownership can be bought,sold and ownership transferred ad nauseum, often without the corporate ‘person’ having any knowledge of the transaction if a subsidiary of a larger corporation. A case in point and believed in some circles to have already taken place is that the largest creditor of the US of A LLC, the Federal Reserve System has foreclosed and placed the debtor into receivership and under Chapter 11 rules been operating its own and that of the bankrupt US of A LLC business under that franchise’s name. Further to this some believe that the Reserve has been looking to off load its debtor, and off its balance sheet, to banking interests within the sphere of the U.N.. This could be the IMF, World Bank or other secretive banking institutions or any combination/consortium thereof. Whether this is a truth of commerce or not it does raise the specter of how the world could eventually become owned by”one vast and ecumenical holding company.” And yes we are the corporate entities that are the guarantors of all this debt created in our ‘names.’
The proposed solution as of now, 2019, is to be a global digital currency, but differing from BitCoin in that it won’t be based on a limited supply alogrithm, it will be unlimited and controlled by the banker class, but passed off as a beneficial system which of course it will not be, it will be yet another system of money controlled by that same cadre of bankers, funding regime change wars, super militaries and police states. Mark Carney has already proposed a digital currency. So everyone had better withdraw their money from global banks, which they should have done long ago, and deposit it in local credit unions, which I suspect we will have to fight to be allowed to maintain separately from the global banks, because a global digital currency will be how they will control our actions. Criticize the govt, and wham, bank account frozen, you starve.