Assalamu ‘Alaikum,
CLIMBING EVEREST
The narrative in today’s media in the necessity to keep banks profitable and their asset quality good, saddens a monetary reformist greatly. It pains us so much to see how until 2021, the world is still fooled by the banksters, the 1910 conspirators of Jekyll Island, US.
It all happened in the early 1900s when 5 owners of banks in America decided to fool America and the world ; the infamous families of Rothschild, Rockefeller, Morgan, Warburg and Kuhn-Loeb.
They realised that a bank can lend money out of thin air. This means every time they lent money, the money is created out of thin air. It is mere accounting entries that maintain compliance to loan to deposit ratios whilst churning out new numbers money with every loan they give. This baffles even practising bankers today. Before they embarrass themselves with revealing statements we suggest they pause and visit monetary reform websites including mmj.my to read articles especially by Bank of England that confirms money creation by banks.
In 1910 what these bank owners in America wanted was to keep this money creation ability a secret for their own benefit. They decided to meet secretly on an island called Jekyll Island. There they plotted to set up a Central Bank for America that is wholly owned by private banks. (Read The Creature From Jekyll Island)
They tabled the Federal Reserve Act on the night of Christmas Eve where there was hardly any attendance in Congress. Having done that, i.e. created the Central Bank of America wholly owned by private banks, they then thought of how to also fool the world.
This they did by using an organisation called the Bank of International Settlements in Basel, Switzerland. Incidentally Basel was also the place that gave birth to the Zionist movement some years earlier in 1897.
From Bank of International Settlements, Basel they issued banking regulations called the Basel Accords to be implemented by Central Banks in their own countries throughout the world. Dealing with naïve former colonials, and their own intricate financial control of every capital city, this they managed to do with ease. The central bankers would go back to their countries and implement the wishes of these crooked bankers. The primary objective of Basel is nothing more than to keep this fraud alive throughout the world. To maintain private banks as creators of money in all nations throughout the world. To allow private banks to maximise their profits even to the expense of the nation they operate in. They also introduced the idea of the independence of Central Banks to their governments which was also gullibly swallowed.
In a posting in Wikipedia which have since been deleted it was revealed that the early Board of Directors of the Bank of International Settlements include former Governors of the Bank of Israel as well as the usual quota of Federal Reserve Governors. These revealing appointments have now disappeared although nobody would pretend to not to know who are really in control of BIS today.
The objective of these people is to preserve and ensure the current fraudulent banking system is observed in all countries till end of time.
In America many honest early Presidents have been assassinated for daring to challenge this chicanery of the banksters. So let us recognise we have an enemy and lets learn how they fool the world. These international debt narrative have turned poor countries into debt slaves of international banks estimated to have killed millions of poor children every year through diversion of funds from health care to settle loan interests. (The Foams of the Waves of the Sea ; The Case for an Islamic Monetary System. Author)
Muslim countries must realise that monies in Muslim Nations are created by the Caliphs and never by the private sector. Muslim countries that have all been colonised by the West must realise that today their money is created by private sector Banks and not by the government. The problem here is when banks is the creator of money in a nation they will use it to fund areas that gives the most benefit to them.
Today on average in the world 80% of Bank loans goes to the household sector that includes personal loans, credit cards and housing. This creates unending inflation for the people and bubble inflation for houses. This was what the original bankers want. A system that benefits them and not necessarily the nations.
What would have benefited the nation is if the banks directed the loans wholly to the real sector. This would have increased economic output and employment for the nation.
Unfortunately the people of all nations including this nation, be they the government, or academics, or the professionals or the ordinary people, save for the enlightened few do not realise this. Much to the absolute glee of the banksters.
Furthermore the system has been so ingrained in our education system that falsehoods become truths and truths become falsehoods. (Read Islam and Secularism by Syed Naguib Al Attas)
Today the so called educated media repeat worries about the asset quality and the profitability of banks. This is ludicrous!
We have given these banks a right they don’t deserve i.e. the right to create money and yet we worry they are not profiting from it?!
Do we worry about agriculture companies not doing well?
Do we worry about trading companies not doing well?
Do we worry about manufacturing companies not doing well?
No! We don’t worry about these companies performance as much as we worry about the banks performance. And these are the institutions that are raking in billions in profits every year. Why? Because they are also the payment system of the nation.
So why don’t we separate the ability of Banks to act as a payment system from their ability to lend. In this case we will create two types of banks. One called payment system banks that cannot lend. And the other funding or financing banks that cannot operate current accounts. Would we not then kill their ability to create money? (Visit Movement for Monetary Justice website at mmj.my)
We then hand over the money creation to the central bank who will then direct all loans or funding to the real economy creating huge increase in economic output and employment.
This will reduce general inflation; remove bubble inflation for houses; remove graduates and youth unemployment; and remove the poverty gap.
If we worry about money creation abuse by ruling governments take out the Central Bank from the Finance Ministry and put them under direct control of Parliament.
How much longer is our intellect to be fooled by the Conspirators of Jekyll Island?
Banks make RM34 billion per annum- we prefer the bank owners to enrich themselves every year than to provide free education to university, basic income for B40s and even abolishment of income tax except for the rich?
As at June 2020 RM1.27 trillion was the amount of money given by banks to personal loans and the household sector in Malaysia. The mind boggles what would have happened to the nation had that RM1.27 trillion been directed to the real economy of Malaysia?!
Nay, lets continue to uphold the dream of the Jekyll Island Conspirators; we are too comfortable with the beliefs of the status quo, truths are hard to swallow.
The continued destruction of Muslim nations and the continued threat to Palestine and AlAqsa is in no small measure related to this infamy.
Samiqna wa atoqna sadly is a far too distant battle cry for those who can’t hear.
Muhammad Zahid Abdul Aziz
Islamic Monetary Reformist
website mmj.my and FB Gerakan Keadilan Monetari.