TAX THE PEOPLE BUT PROTECT THE WEALTH OF THE BANK OWNERS AT ALL COSTS
Assalam
Duped by a bunch of international fraudsters the government accepted a monetary system which is bad for the nation but beneficial to this hideous group. This hideous group began life as group of money lenders who suddenly realized their banking license in 1900s America allows them to create money out thin air and lend them at interest. Keen to keep this a secret from their nation they conspired to set up an American Central bank privately owned by them. They gave it a name to make it sound like it belonged to the government, and tabled the Federal Reserve Act to an empty Congress on the night of Christmas Eve 1910.
Having got America in their hands they sought how to control the world and ensure the same narrative holds through in the world. This they did by taking over an organisation called the Bank of International Settlements (BIS) in Basel Switzerland in 1947. Basel incidentally is also the birthplace of the World Zionist Organisation in 1897.
From Basel they issue their narrative called Basel Accords. These Basel Accords is to ensure every nation in the world practiced the same system as America. In other words money for nations are to be created by private banks and these private banks are free to do what is best for them even if it is to the detriment of the nations.
Money created in a nation must go to the real economy to create economic output and employment for the nation. But what the BIS has managed to do is to allow private banks in all countries to divert the money they created to the area that benefit them most. And this is to the non productive personal sector of personal loans and credit cards and similar as opposed to the productive real sector.
Such has been the hidden fraud that nations do not realise their private banks create money and that the banks obsession in funding the personal sector has resulted in unending inflation for the people, unemployment for youths and graduates, rocketing house prices and a widening poverty gap for the population of these nations, making the rich continually richer and the poor continually poorer.
These they do by brainwashing naïve Central Bank Governors to uphold Basel Accords as if it’s a sacred article of faith. They even planted the idea that central banks are independent of their own governments.
Another objective of these people is to ensure the world is platformed on debt not equity. They thrive in a world of debt and the world must accept debt and not equity to function their economy. Therefore they must demonise risk to the level of the beubonic plague; and the naïve population of the world accept this narrative without a whimper of question.
Some parts of the world are the Muslim world and such is their adherence to this foreign almost religious belief, that they dismissed their own Legal Maxim of AlGhunm bi AlGhurm. That is the Muslims must abide by their Legal Maxim that rewards can only come with risk. A Muslim is not entitled to receive any reward unless he is willing to accept the risk.
But pathetically, the blindly obedient modern Muslims hate risk more than their riba masters. A world nurtured on debt pave the way for nations to be made debt slaves by the World Bank. Lending billions of USD, in a tricky self serving manner, at a time when the undeveloped nation can hardly handle the mega Project (white elephant dams or similar) ; they ensure the undeveloped nations’ failure in debt repayments, turning whole nations into America’s debt slaves.
When funds are diverted from healthcare to pay interests and compound interests, on these international loans it is estimated at least 500,000 children from undeveloped countries die every year. A fraudulent USD as an international currency delivers the money tap to the US to print USD to destroy countries as they pleased. These are also the source of free running funds to threaten AlAqsa and demolish Palestine.
And back home in Malaysia we have a government desperate to find funds to cover their Covid budget. Unimaginatively, they limit their thoughts to more taxes on the people because the Basel narrative tells them they cannot create local currency to fund the budget gap.
Not really understanding that banks create new money when they give out loans/financing they could not understand that money is destroyed when loans are repaid. And yes loans are repaid as much as able to, in a Covid ridden declining economy because the borrowers prefer to lay off their staff than lose property and assets charged to the bank. Bankrupt companies also means reduced liquidity in the economy of the nation.
101 Economics should tell them when loans are repaid and when companies are bankrupt and businesses slow down, liquidity dips and money supply shrinks in the economy; and to cover this gap it is perfectly acceptable then for them to create money to put in people’s pockets to spend to jumpstart the slowing economy.
But the cobwebs of their wrong education blinds them to this truth. And the greater truth they have blinded themselves to is that these private bank money creators make around RM34 billion profit a year doing something the government can easily do.
If the government adopts the well thought out Sovereign Money Concept as being promoted by Monetary Reformists in Malaysia and throughout the world, the RM34 billion per annum which they so desperately need to fund the Covid budget is theirs. In better times RM34 billion per annum can also pay for free education to university, a basic income of say RM500 per month to all B40 households, and consideration of abolishing income tax except for T20 and corporates.
A low lying fruit they choose to ignore to ensure private bankers gets richer by RM34 billion a year. As the saying goes a horse can be brought to water but it cannot be made to drink it. We can only suggest; we can’t remove cobwebs of the minds.
mmj.my
FB @ Gerakan Keadilan Monetari