Vanguard News Network

Oh. So now the jews and shabbos goy at the von Mises Institute are re-inventing themselves on China PNTR & trade with China in general.

Back in ’99 none of these “libertariantards” had anything bad to say about China PNTR—which was an investment treaty that took the brakes off of any control of the China trade. PNTR was a blank check given to China by our Congress.

As the former Pope of Money for the Jewish Central Bank, Allen Greenspan is largely to blame for the current banking/loan/mortgage crisis. He repeatedly slashed interest rates and pumped huge amounts of worthless paper dollars into the global economy in order to forestall the inevitable economic collapse. But he is still feted in the Jewsmedia as a hero.

All of these big name college geniuses have their fingerprints all over this financial crime spree. Will they plead ignorance or stupidity?

Like Linder has pointed out all of the big name law schools are jewed; I’m sure you would find the finance & mba programs are too.

Who Controls The World Bank, The International Monetary Fund, and the Bank for International Settlements?

The World Bank
President: Robert B. Zoellick – Jewish
http://go.worldbank.org/IHDUWCAI20

The International Monetary Fund
Managing Director: Dominique Strauss-Kahn – Jewish
http://www.imf.org/external/np/omd/bios/dsk.htm
First Deputy Managing Director: John Lipsky – Jewish
http://www.imf.org/external/np/omd/bios/jl.htm

The Bank for International Settlements
Chairman, Board of Directors: Jean-Pierre Roth – Jewish
Vice-Chairman, Board of Directors: Hans Tietmeyer – Jewish
http://www.bis.org/about/board.htm

Jews comprise less than 1% of the population of the Western world*. So the probability that the heads of the World Bank, the International Monetary Fund, and the Bank for International Settlements would all be Jewish is infinitesimally small. You must ask yourself how such an incredibly small and extremely unrepresentative minority ethnic group could control all three of these important and influential international banking institutions.

* The Jewish Population of the World
http://www.jewishvirtuallibrary.org/jsource/Judaism/jewpop.html

I also never see anyone mention the distinction between private money and public money. Right now we have private money. Our money supply is created by commercial banks, which are private corporations. But it doesn’t have to be like this. The United States Treasury Dept. has the Constitutional authority to create an unlimited amount of money and credit, INTEREST FREE AND DEBT FREE. In fact, all sovereign national governments have this right. But no sovereign national governments on this planet actually create their own money supply. In every nation in the world, the money supply is created by private commercial banks, and this private money is all interest based and debt based. Why is that? Do you know?

“In fact, all sovereign national governments have this right. But no sovereign national governments on this planet actually create their own money supply. In every nation in the world, the money supply is created by private commercial banks, and this private money is all interest based and debt based. Why is that? Do you know?”

Because communism was a failure. LOL

olde_dutche,

Did you know that government of Nazi Germany under Hitler was created money that was INTEREST FREE AND DEBT FREE and that this was the reason that Hitler was able to take Germany out of a severe economic depression and turn it into the greatest industrial power in the world in just a few short years? Did you know that this was most likely one of the main reasons for WWII in the first place? The Jewish commercial bankers and central bankers did not want this competing money system to be adopted by other Western nations and so NS Germany had to be destroyed along with its money system. The reason the Jewish bankers cannot allow national governments to create their own money INTEREST FREE AND DEBT FREE is because this type of system eliminates the Jewish private commercial banker middlemen and their source of parasitic control over a nation’s money and banking system, namely a PRIVATELY CREATED MONEY SUPPLY AND THE INTEREST AND DEBT THAT IS CONNECTED WITH IT.

You consider yourself a White Nationalist and you don’t even know these basic facts about National Socialist Germany and its innovative monetary system? That’s pretty sad, but not unusual. I have noticed that few WN’s have any idea about the importance of monetary systems and what NS Germany was doing in this area. Here, read this:

THINKING OUTSIDE THE BOX:
HOW A BANKRUPT GERMANY SOLVED ITS INFRASTRUCTURE PROBLEMS

http://www.webofdebt.com/articles/bankrupt-germany.php

THINKING OUTSIDE THE BOX:
HOW A BANKRUPT GERMANY SOLVED ITS
INFRASTRUCTURE PROBLEMS

Ellen Brown, August 9th, 2007
http://www.webofdebt.com/articles/bankrupt-germany.php

“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”

– Adolf Hitler, quoted in “Hitler’s Monetary System,” http://www.rense.com, citing C. C. Veith, Citadels of Chaos (Meador, 1949)

Guernsey wasn’t the only government to solve its infrastructure problems by issuing its own money. (See E. Brown, “Waking Up on a Minnesota Bridge,” http://www.webofdebt.com/articles/infrastructure-crisis.php, August 4, 2007.) A more notorious model is found in post-World War I Germany. When Hitler came to power, the country was completely, hopelessly broke. The Treaty of Versailles had imposed crushing reparations payments on the German people, who were expected to reimburse the costs of the war for all participants — costs totaling three times the value of all the property in the country. Speculation in the German mark had caused it to plummet, precipitating one of the worst runaway inflations in modern times. At its peak, a wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty, and huge numbers of homes and farms had been lost to the banks and speculators. People were living in hovels and starving. Nothing quite like it had ever happened before – the total destruction of the national currency, wiping out people’s savings, their businesses, and the economy generally. Making matters worse, at the end of the decade global depression hit. Germany had no choice but to succumb to debt slavery to international lenders.

Or so it seemed. Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own money. In this they took their cue from Abraham Lincoln, who funded the American Civil War with government-issued paper money called “Greenbacks.” Hitler began his national credit program by devising a plan of public works. Projects earmarked for funding included flood control, repair of public buildings and private residences, and construction of new buildings, roads, bridges, canals, and port facilities. The projected cost of the various programs was fixed at one billion units of the national currency. One billion non-inflationary bills of exchange, called Labor Treasury Certificates, were then issued against this cost. Millions of people were put to work on these projects, and the workers were paid with the Treasury Certificates. This government-issued money wasn’t backed by gold, but it was backed by something of real value. It was essentially a receipt for labor and materials delivered to the government. Hitler said, “for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced.” The workers then spent the Certificates on other goods and services, creating more jobs for more people.

Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation, at a time when millions of people in the United States and other Western countries were still out of work and living on welfare. Germany even managed to restore foreign trade, although it was denied foreign credit and was faced with an economic boycott abroad. It did this by using a barter system: equipment and commodities were exchanged directly with other countries, circumventing the international banks. This system of direct exchange occurred without debt and without trade deficits. Germany’s economic experiment, like Lincoln’s, was short-lived; but it left some lasting monuments to its success, including the famous Autobahn, the world’s first extensive superhighway.1

Hjalmar Schacht, who was then head of the German central bank, is quoted in a bit of wit that sums up the German version of the “Greenback” miracle. An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.”2

Although Hitler has rightfully gone down in infamy in the history books, he was quite popular with the German people, at least for a time. Stephen Zarlenga suggests in The Lost Science of Money that this was because he temporarily rescued Germany from English economic theory — the theory that money must be borrowed against the gold reserves of a private banking cartel rather than issued outright by the government.3 According to Canadian researcher Dr. Henry Makow, this may have been a chief reason Hitler had to be stopped: he had sidestepped the international bankers and created his own money. Makow quotes from the 1938 interrogation of C. G. Rakovsky, one of the founders of Soviet Bolsevism and a Trotsky intimate, who was tried in show trials in the USSR under Stalin. According to Rakovsky, Hitler had actually been funded by the international bankers, through their agent Hjalmar Schacht, in order to control Stalin, who had usurped power from their agent Trotsky. But Hitler had become an even bigger threat than Stalin when he had taken the bold step of printing his own money. Rakovsky said:

[Hitler] took over for himself the privilege of manufacturing money and not only physical moneys, but also financial ones; he took over the untouched machinery of falsification and put it to work for the benefit of the state . . . . Are you capable of imagining what would have come . . . if it had infected a number of other states . . . . If you can, then imagine its counterrevolutionary functions.4

Economist Henry C K Liu writes of Germany’s remarkable transformation:

The Nazis came to power in Germany in 1933, at a time when its economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Yet through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies it could exploit, into the strongest economy in Europe within four years, even before armament spending began.5

In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:

Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.

THINKING OUTSIDE THE BOX:
HOW A BANKRUPT GERMANY SOLVED ITS INFRASTRUCTURE PROBLEMS

Ellen Brown, August 9th, 2007
http://www.webofdebt.com/articles/bankrupt-germany.php

“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”

– Adolf Hitler, quoted in “Hitler’s Monetary System,” http://www.rense.com, citing C. C. Veith, Citadels of Chaos (Meador, 1949)

Guernsey wasn’t the only government to solve its infrastructure problems by issuing its own money. (See E. Brown, “Waking Up on a Minnesota Bridge,” http://www.webofdebt.com/articles/infrastructure-crisis.php, August 4, 2007.) A more notorious model is found in post-World War I Germany. When Hitler came to power, the country was completely, hopelessly broke. The Treaty of Versailles had imposed crushing reparations payments on the German people, who were expected to reimburse the costs of the war for all participants — costs totaling three times the value of all the property in the country. Speculation in the German mark had caused it to plummet, precipitating one of the worst runaway inflations in modern times. At its peak, a wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty, and huge numbers of homes and farms had been lost to the banks and speculators. People were living in hovels and starving. Nothing quite like it had ever happened before – the total destruction of the national currency, wiping out people’s savings, their businesses, and the economy generally. Making matters worse, at the end of the decade global depression hit. Germany had no choice but to succumb to debt slavery to international lenders.

Or so it seemed. Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own money. In this they took their cue from Abraham Lincoln, who funded the American Civil War with government-issued paper money called “Greenbacks.” Hitler began his national credit program by devising a plan of public works. Projects earmarked for funding included flood control, repair of public buildings and private residences, and construction of new buildings, roads, bridges, canals, and port facilities. The projected cost of the various programs was fixed at one billion units of the national currency. One billion non-inflationary bills of exchange, called Labor Treasury Certificates, were then issued against this cost. Millions of people were put to work on these projects, and the workers were paid with the Treasury Certificates. This government-issued money wasn’t backed by gold, but it was backed by something of real value. It was essentially a receipt for labor and materials delivered to the government. Hitler said, “for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced.” The workers then spent the Certificates on other goods and services, creating more jobs for more people.

Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation, at a time when millions of people in the United States and other Western countries were still out of work and living on welfare. Germany even managed to restore foreign trade, although it was denied foreign credit and was faced with an economic boycott abroad. It did this by using a barter system: equipment and commodities were exchanged directly with other countries, circumventing the international banks. This system of direct exchange occurred without debt and without trade deficits. Germany’s economic experiment, like Lincoln’s, was short-lived; but it left some lasting monuments to its success, including the famous Autobahn, the world’s first extensive superhighway.1

Hjalmar Schacht, who was then head of the German central bank, is quoted in a bit of wit that sums up the German version of the “Greenback” miracle. An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.”2

Although Hitler has rightfully gone down in infamy in the history books, he was quite popular with the German people, at least for a time. Stephen Zarlenga suggests in The Lost Science of Money that this was because he temporarily rescued Germany from English economic theory — the theory that money must be borrowed against the gold reserves of a private banking cartel rather than issued outright by the government.3 According to Canadian researcher Dr. Henry Makow, this may have been a chief reason Hitler had to be stopped: he had sidestepped the international bankers and created his own money. Makow quotes from the 1938 interrogation of C. G. Rakovsky, one of the founders of Soviet Bolsevism and a Trotsky intimate, who was tried in show trials in the USSR under Stalin. According to Rakovsky, Hitler had actually been funded by the international bankers, through their agent Hjalmar Schacht, in order to control Stalin, who had usurped power from their agent Trotsky. But Hitler had become an even bigger threat than Stalin when he had taken the bold step of printing his own money. Rakovsky said:

[Hitler] took over for himself the privilege of manufacturing money and not only physical moneys, but also financial ones; he took over the untouched machinery of falsification and put it to work for the benefit of the state . . . . Are you capable of imagining what would have come . . . if it had infected a number of other states . . . . If you can, then imagine its counterrevolutionary functions.4

Economist Henry C K Liu writes of Germany’s remarkable transformation:

The Nazis came to power in Germany in 1933, at a time when its economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Yet through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies it could exploit, into the strongest economy in Europe within four years, even before armament spending began.5

In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:

Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.