Vanguard News Network

Bretton Woods did NOT create a defacto global currency:

The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold and the ability of the IMF to bridge temporary imbalances of payments.

Unless you consider the US Dollar to be, or have been a defacto world currency. Before Bretton Woods the US exchage rate was $35 dollars per ounce of gold, after Bretton Woods the US exchange rate was $35 dollars per ounce of gold. LOL.

It’s time for the West to shake off the get-rich-quick, global money schemes of the international Jews

Let’s start by shaking off the biggest jew money scheme of them all: usury.

Cash and carry worked for thousands of years. Usury and compound interest are designed to enslave us into Jewish servitude. Money is their god. Pawnshops are their chapels and the Federal Reserve Bank, their temple. They want us all to work on the worldwide Jewish plantation, picking cotton for our “masters” the tribe of moneychangers, known as Jews. Time to barter and work under the table. The Russians called it “left handed work” Russians under communism, worked for the state, with their right hand, while their left hand, took from the state.

Money loaned into existence? Absolutely. And with the selfishly short-sighted connivance of pensioned, easy money Republican geezers who were a-okay with everything until the recent re-shuffling of green paper into fewer hands awoke them to the fact that they, too, were marks.

With media connivance Obama rose from nowhere within the past year. Since then, and with increasing frequency over the past month, the market has been manipulated George Soros-style, to “legitimize” the upcoming election results that are going to “toast” McCain.

The key to this market manipulation, I think, are Credit Default Swaps and certain post-Y2K changes in the short-selling rules made by the Securities Exchange Commission. There is no longer need to physically borrow stock shares before selling them. Simply sell in unlimited quantities – no settlement required. Just have sufficient margin in your account.

Congress issues a bill to the FED for money. The FED gives Congress money in exchange for the bill, only the money comes with interest attached. In other words, all new money can be thought of as debt instruments. Roughly speaking, if the interest were 10%, then each new dollar is 90 cents, with 10 cents of interest. The Federal Reserve simply tapped an entry into their computer keyboard, and viola they are now owed money by the taxpayers. What a deal….for them. It is actually worse than that since interest accrues over time, but you get the picture, all new money is debt mony. So, how do you pay back the debt?

You pay it back by taking out a new loan. When you go to the bank to take out a loan, do other peoples accounts go down by an equal amount? Nope. The banker simply types away on his keyboard, and gives you a loan. He monetized you and your ability to pay. The banker created money out of thin air. The banker sets aside about 12% of his money (fractional reserve) and the rest is money that didn’t previously exist. OK, now you got your loan, and new money has entered into the economy. That new money from your loan is used to pay off the old debt.

That means that we use new debt money to pay off old debt money. We are piling debt on top of debt. Who do we owe this money to? Bankers who with great skill and energy, enter numbers into the keyboards of their computers.

Our banking system is a giant pyramid scheme. We need new customers to take out loans in order to pay off the old loans. The debt cannot be repaid. The debt is owed to scumbags who didn’t do anything to deserve it other than creating a rigged system.

After the French war, the BOE turned their eyes on the American colonies. They flooded the colonies with counterfeit script, forced the colonials to accept paper BOE banknotes, and wanted loans to be paid back in gold. At the same time, the King increased taxes to get more revenue to “pay off” his loans to the private bankers at the Bank Of England. Guess who the private bankers were? Yes, many of them were Jews, and still are. Why the large Jewish presence in banking?

Christianity forbids usury, but allows Jews to loan to non Jews. Deuteronomy 23:18 thru 20. So, Christian nations imported Jews to do their banking for them, as the Christians didn’t want to go to hell.

To build a ship, or do anything requiring large scale, then large amounts of capital need to be formed. That can only happen if banks exist. We need banks, we just don’t need private banks. Private bankers simply enter numbers into their keyboard, or ledger, and create money out of thin air, and get rich on other peoples backs.

Benjamin Franklin created the first American Banking system in the Colonies. He issued script directly from the treasury in Philadelphia. This is Sovereign money not debt money. If there is interest attached to the money issued from the Treasury, the interest money that comes back is used to lower taxes.

The English asked Benjamin Franklin how come the Colonials were living so well, and in fact getting rich, while England was in a depression. Franklin answered, because all of your money in circulation is debt money, and that means that much of what you earn is owed to the bank.

If the Philadelphia colony needed to build a bridge, and they had 10% unemployment, the treasury would simply print money and issue it into the economy for bridge building. The money would create new wealth (a bridge) and put people to work. This would be non inflationary, as more money did not chase fewer goods. In fact more goods (the bridge) was produced.

If America heeded the wisdom of Franklin, and not that of the BOE, and later (largely Jewish) interest, then the trajectory of American would have been significantly different, and better:

In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”Benjamin Franklin

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.”
Benjamin Franklin’s autobiography