(Thank you to Ruptly channel at YouTube)
hey say, “A picture is worth a thousand words” …
(Thank you to Ruptly channel at YouTube)
hey say, “A picture is worth a thousand words” …
By Jerry Alatalo
egular readers at The Oneness of Humanity are likely more informed on the topic of monetary reform and public banking than the average citizen… It’s easy to say that as there are over 160 postings in the Money and Banking category on this site. This post will serve as a tune up of sorts for regular visitors and as an introduction for those who are 1st-time visitors or unfamiliar with our content.
We are always thankful to come across others’ serious studies related to this important, yet greatly neglected subject, and with gratitude share the following 1-hour work (one of a 4-part study) from American academics Carl Herman and Jim Fetzer.
Given the clearly tremendous importance of money on Earth, as an issue of scientific and/or academic study the subject of money is perhaps best described in practical terms as esoteric or somehow hidden from the majority. Unfortunately, the level of knowledge on monetary science is extremely low among the populations of all countries – commonly perceived as an arena reserved only for intellectually gifted, very small groups of men and women, whom also possess and utilize supernatural financial powers.
The general societal perception when it comes to banking, monetary reform, “high” finance and economics is an image of “hallowed, sacred ground” walked upon by only the so-called elites or .01% elect of the human race. One of the few things in life people are reasonably sure of is change or constant evolution, and it is occurring in a big, positive way as planetary awareness about money science grows.
Thankfully high quality teachers like Carl Herman, Jim Fetzer and others are making good efforts to fully inform men and women using easily understood teaching about this vital topic. There are more new-paradigm developments for which people can feel thankful, in particular the rapidly growing interest in these subjects of study around the world.
For those new to this site and the subject of monetary reform, gather paper and pen for taking notes. Class is ready to begin…
(From the introduction to Part 2…)
Carl Herman is a National Board Certified Teacher in Government, Economics, and History, also credentialed in Mathematics. Jim Fetzer is the McKnight Professor of Philosophy Emeritus of the University of Minnesota Duluth; Founder, Scholars for 9/11 Truth; Editor, Assassination Science; and Co-Editor, Assassination Research.
Jim and Carl contribute nearly 100 years of academic training and professional experience in this four-part series to reveal among the most obvious lies of omission and commission keeping Americans ignorant of ongoing .01% U.S. rogue state empire.
Jim and Carl factually assert an Emperor’s New Clothes condition that Americans can easily see for themselves, if they care to look.
Part 1: U.S. illegal: History as a rogue state empire
Part 2: Enslaving Americans with debt: Basic math to see the problems and obvious solutions (video posted below, find Parts 1, 3 and 4 at Carl Herman’s channel)
Part 3: U.S. public education: Bullshit to train stupefied work animals
Part 4: Practical philosophy for virtue and a future brighter than we can imagine
(Thank you to Carl Herman at YouTube)
By Jerry Alatalo
or Joe Bongiovanni monetary reform is something in his blood, passed down to him from his money activist father. To illustrate how little people know about what his father termed “the money power”, Joe’s father told him that 90% of bankers don’t know, 95% of economists lack awareness, and 99% of members of the U.S. Congress have no real grasp of monetary science. Those grim statistics are unfortunately accurate, and sad, given that monetary reform is likely the most important issue for people around the Earth to understand.
On the extremely important issue of monetary reform, Joe’s father told him, “I’m not going to be able to fix the money system, but maybe you can.” To Joe’s credit, he’s attempted to “fix” the money system for decades, trying to share with as many people as possible the knowledge he gained from his father and from years of further research. While hundreds and thousands of men and women have done admirable work researching and analyzing the problems experienced by humanity historically and presently in 2016, the severe lack of awareness about monetary reform just suggested has resulted in an unfortunate condition related to that same collective, admirable work: the exclusion to a great extent of monetary reform as both a major factor and promising solution for the world’s most pressing social and economic challenges.
Mr. Bongiovanni describes in the following presentation at the 11th Annual American Monetary Institute Reform Conference in September 2015 a personal experience proving the widespread misunderstanding about how money gets created. While fishing in Vermont with his friend Pete, a fellow monetary reform activist, he learned Pete’s father was president of bank, and that Pete’s cousin was an attorney working at the Federal Reserve Bank of New York. Pete first asked his father if “banks create money when they make loans”, to which his bank president father responded “No. …You’re hanging out with communists.”
Pete then asked his attorney cousin Patrick working at the Fed in New York the same question: “do banks create money when they make loans?” – and was given the opposite response indicating “yes, banks create money with loans.” While close to 100% of Americans would tell you the government creates all the nation’s money supply, the truth is the government creates only the 3% represented by coins, while 97% of America’s money becomes created as debt in the form of loans transacted by privately owned banks.
Such a high level of erroneous perception about money reveals the long distance necessary to travel in fully educating people on the important issue of monetary reform; the level of education efforts required becomes clearer when considering the near-universal absence of even the most basic understanding of money among people of wide-ranging backgrounds, status, academic accomplishments, and/or concentrated knowledge in the many fields of human study and career.
The basic goal of monetary reformers is transference of the “money power” from a very small number of people on Earth – a long-standing, multi-generational condition resulting in the current record level of wealth inequality worldwide – to, as nearly as possible, ownership of the money power by all the people, distributed on a much more equal, fair manner. Such reform or transference of power will, for monetary reformers, result in improving the human condition and greater levels of personal happiness for the world’s people.
During his presentation, Joe Bongiovanni notes: “We’ve reached the point where none of the fixes that central banks have in their toolbox, if you will – that’s the terminology they like to use, can do anything about the situation that we’re in.” He also points out that for “…the bankers that do understand the money power – secrecy is their currency”, producing no small amount of surprise when he found an interview of former Bank for International Settlements (the “central bank of central banks”) official Dr. William White, whose candor in the interview came in contradiction to higher secrecy the higher up in world monetary affairs one goes.
Mr. White’s comments during the interview and their secrecy-defying nature gave Joe Bongiovanni the idea to make the interview the focus of his presentation, and Joe does a good job of emphasizing statements making the case for monetary reform that much more reasonable and stronger. Included in Mr. White’s responses to interviewers’ questions, and opening up the global monetary debate for reform activists to enter, are the following:
Joe Bongiovanni suggests now in 2016 as the time lining up perfectly with the idea that any worthwhile, successful human revolutionary achievement forms its basis on 90% opportunity. He and his men and women money activist friends around the world believe the opportunity for major, historic, unprecedented monetary reform is present, and only awaits wise and determined action. Mr. Bongiovanni suggests the formation of Monetary Commissions in the United States and all nations as the strongest, #1 action step moving forward.
For more information on monetary reform, visit – and share widely with family, friends and associates – the website: http://www.monetary.org
(Thank you to AmericanMonetaryInst (American Monetary Institute) at YouTube)
by Jerry Alatalo
“A power has risen up in the government greater than the people themselves, consisting of many, and various, and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.”
– JOHN C. CALHOUN (1782-1850) American statesman
In solidarity with the people of Greece, in the past few days United States presidential candidate Senator Bernie Sanders of Vermont took part in a meeting about the deteriorating economic conditions there. He became joined by economists James Galbraith, Joseph Stiglitz and Jacob Kirkegaard. To avoid incurring the eternal wrath of Green Party presidential candidate Jill Stein supporters, this writer appreciates what both she and Bernie Sanders are saying.
Ms. Stein has apparently filed a lawsuit to force the GOP-Dem commission on debates to bring in so-called third-party candidates to participate, and, if her lawsuit is successful, she would share the debate stage with the Republican, Democrat and perhaps other parties’ nominees. That’s the way it should be ideally in a nation which prides itself on democracy. Here’s an idea. How about all legitimate party nominees on the debate stage shortly / in the final weeks before presidential election day engaging in four 8-hour debates, on four consecutive Saturdays?
That’d be a fair debate format, wouldn’t it? Each party could chip in for after-debate sandwiches, Perrier, pizza, caviar, beer, champagne… But surely I digress. The final debates format can easily become worked out in the weeks and months ahead. Back to what Bernie said about Greece and the international financial / banking system.
t’ll be interesting to see how the rest of the presidential candidates, of every political party, respond – if at all – to Bernie Sanders’ statement: “International financial rules are rigged in favor of the wealthy.” In his short talk before the mentioned economists discussed the situation in Greece for close to 2-hours, Sanders criticized the economic theory of the Eurozone becoming known by more and more people as “austerity”, which he described as a “cruel, counter-productive program” endured by Greeks for over 5-years, while leading to a humanitarian crisis.
Since the first Greek bailout in 2010, the economy (GDP) there has fallen by 27%, a statistic most economists regard as “depression-like”. Overall unemployment is around 25%, while youth joblessness is near 60%, pensions have been greatly reduced, public employees and services have become drastically cut, in a Troika-mandated (European Commission, European Central Bank, International Monetary Fund) series of “structural reforms” – austerity – resulting in a downward spiral for the Greek economy.
Now the Syriza government – after becoming coerced into capitulating to Troika economic demands by banking terrorism and cutoff of euro / cash causing bank closures – becomes challenged with even harsher austerity measures and, due to conditions attached to Greece’s 3rd bailout of some 86 billion euros, Syriza must have every considered political action examined and approved by the Troika.
Syriza’s false perception since winning office on January 25 has been one where they believed the Troika would come around in negotiations and compromise through reasonable economics discussions. Their assumptions were far from the reality as the Troika negotiators, for whatever reasons, rejected every Greek proposal. That error in judgment became very costly because it took focus away from the urgent task of making preparations for a possible exit from the Eurozone, or “Grexit”.
Now the question which millions of men and women around the Earth are thinking about is whether Greece will get serious about leaving the euro and return to the Drachma. Nobel Prize laureate Stiglitz advocates Grexit. Bernie Sanders didn’t share his thoughts on the pros or cons of Greece returning to sovereign money, but he did point out the dangers of removing democracy from people in nations like Greece – where their 61% “no” vote on further austerity has become forcefully ignored. Sanders gave the example of Germany after World War I and the Versailles Treaty when Germans became subjected to similar harsh, democracy-destroying austerity measures imposed by outside forces, and which led to the rise of Nazism and Adolf Hitler.
Sanders concluded his short talk by sharing global statistics showing 85 people own as much wealth as the bottom 3.5 billion human beings, along with a Oxfam prediction that the top 1% will soon own as much wealth as the remaining 99% of humanity. Sanders strongly suggested the beginning of a serious discussion of international banking rules, because “the world economy is unsustainable when so few have so much and so many have so little”.
It is almost impossible to disagree with Bernie Sanders that serious discussion about the global banking system is an urgent necessity. Whether it becomes a major issue of discussion in the days, weeks and months ahead during the United States campaign for president in 2016 remains to be seen. In the minds of many historians, economists, academicians, political / religious leaders and other serious observers of world events, reforming the global banking / economic system is perhaps the most important issue.
As far as is known, Bernie Sanders is the first and only candidate for president in 2016 who has asserted that it’s time for a serious discussion about socially destructive, “rigged” international financial rules. This global perspective comes in addition to his equally impassioned talks on the floor of the United States Senate and at growing, enthusiastic campaign events around the nation about record wealth inequality in America.
The question now for all other candidates who’ve announced their decision to run for the world’s most powerful office becomes : “Do you agree with Bernie Sanders on these major issues or not… and why?”
Hillary?… Jeb?… Are you there?… Hello?…
(Thank you to Bernie Sanders at YouTube)
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