Monetary Reform: Worldwide Awareness Is Growing.

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…

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(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)

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Greece: Why No ‘Plan B’, Mr. Varoufakis?

by Jerry Alatalo

aaa-8Does anyone else wonder how it is that Greece and Syriza seem to have no “Plan B”: leaving the euro, Grexit, and returning to the drachma? Like millions of men and women around the world, interest in the situation in Greece leading up to the historic “Oxi” vote on Sunday July 5 has led to reading a good number of articles and listening to reports. Recently resigned Greece Finance Minister Yanis Varoufakis posted a short radio interview on his personal blog days before the July 5 vote, on July 2:

http://yanisvaroufakis.eu/2015/07/02/why-a-no-vote-in-the-referendum-is-a-yes-for-a-proud-greece-in-a-decent-europe-talking-with-phillip-adams-on-lnl-abc-radio-national/

What stood out and astonished during the radio interview was Mr. Varoufakis’ talking about how European nations, upon agreeing to use the euro, were required to destroy/get rid of their drachma, lira, peso, franc, etc. printing presses. The first question which came to mind after hearing him say that was “How can he be saying that Greece hasn’t made certain to obtain printing presses to produce drachmas?” While thinking it was naive and perhaps ridiculous to make the following suggestion in a comment at Mr. Varoufakis’ blog on the printing press issue, but, since the interview didn’t reveal possible solutions, the following comment was entered:

(Note: Copy/paste from the actual post – Interesting that “Your comment is awaiting moderation.”… the comment apparently wasn’t ok’d/published)

Jerry “Peacemaker” on July 3, 2015 at 02:42 said:Your comment is awaiting moderation.

“Extremely interesting to hear that upon joining the eurozone, member states were required to dispose of their printing presses. That made certain eurozone states would find it difficult to return to their traditional sovereign currency – as enchained, captive “customers” and borrowers.
 Before joining the eurozone Greece printed and used the drachma, and the men and women who were employed in the printing of the Greek national currency obviously have the experience and knowledge of how to resurrect drachma-printing and Greece’s return to sovereign money.The people of Greece, of any nation, can choose control over their monetary affairs instead of persisting in giving that immense power away to a small group of private profit-seeking interests – who reside far away from Greece. Consult the men and women who understand drachma-printing from actually having done it, find the printing presses, and return to pre-euro sovereign money status.”

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So, where are you going with this, Jerry? First, it is almost beyond comprehension to explain, if true, that Syriza with Yanis Varoufakis as Finance Minister made no arrangements, all arrangements, for a potential Grexit and return to the drachma as Greece’s currency. After learning of the no-drachma-printing presses issue, left a comment at the popular blog for economists: “Real-World Economics Review” – with a link to the radio interview and the question “Does anyone know where there are some good, reliable drachma printing presses?” (comment ok’d and posted):

https://rwer.wordpress.com/2015/07/02/why-we-recommend-a-no-in-the-referendum-in-6-short-bullet-points/

In sharing that comment, the intent was to convey the absolutely inexplicable, mind-blowing fact that Greece officials evidently did not have the physical equipment, supplies, personnel, etc. to print drachmas – a real and possibly imminent, urgent eventuality, and one that seemed completely overlooked?!

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Why the comment at Yanis Varoufakis’ blog wasn’t posted/made public on July 3, what effect economists at RWER who clicked the link and listened to the interview had in eventually concentrating focus/raising the printing press issue (Mr. Varoufakis resigned after Sunday’s “Oxi” vote, to the surprise of most observers), and why Mr. Varoufakis didn’t order – immediately upon becoming Finance Minister – purchase of necessary equipment for printing drachmas…. are questions which will become answered in time.

The thought that Mr. Varoufakis may have intentionally avoided preparations and planning for a possible scenario where the printing of drachmas was necessary never came to mind, until listening to journalist/author William Engdahl in the following interview – which occurred after Mr. Varoufakis resigned. Mr. Engdahl and host Ian R. Crane suggest that Mr. Varoufakis, by failing to make certain the Greece government had a workable “Plan B” should negotiations sour to the point of exiting the eurozone, is perhaps guilty of high treason.

Mr. Engdahl points out that Yanis Varoufakis was, in his view, a “Trojan Horse” who made sure there was no “Plan B”, and gave him credit for “doing his job of pretending to be a liberal”, giving Europeans and Greeks an impression of Greek government incompetence.

It’s hard to argue with William Engdahl’s analysis. Upon listening to the radio interview where Yanis Varoufakis talked about having no drachma printing presses, most listeners were probably shocked and perplexed that such an obvious potentiality hadn’t been accounted for.

Greeks’ return to the drachma would most likely lead to a domino-effect of nations in the eurozone – and around the Earth – emulating Greece and taking sovereign control of their monetary systems.

That means truly enormous, unprecedented, historic global change.

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William Engdahl article:

http://journal-neo.org/2015/07/03/what-stinks-about-varoufakis-and-the-whole-greek-mess/

(Thank you to Ian R Crane at YouTube)

America’s Public Banking Movement: The 99%.

Posted on December 9, 2014

by Jerry Alatalo

aaa-42Alphabet New Mexico is one more state in America where political leaders and citizens have begun looking seriously at the economic benefits of establishing state-owned public banks. The most basic advantage for communities and states is keeping much more of their financial resources instead of transferring significant funds to profits-driven, gambling-addicted, so-called “too big to fail/prosecute” Wall Street giants.

At the end of September 2014 hundreds of citizens, politicians and public banking advocates gathered in Santa Fe, New Mexico for a “Public Banking Symposium”, and entered into discussions centered on changing the financial landscape in the state. The Mayor of Santa Fé, Javier Gonzales, attended and spoke briefly. New Mexico state representative Brian Egolf was one of the organizers of the event, and spoke about how his colleagues in the state legislature had little knowledge on the concept of public banking when he first brought it up with them, and that their reactions were similar to people who hear a new idea/proposal then first conceive of it as impracticable or “pie in the sky”.

An older public banking citizen activist by the name of Craig Barnes delivered a thoughtful, insightful address that was one of more excellent philosophical explanations of the good reasons communities and state should consider the – as Ellen Brown coined it as the title of her book – “Public Bank Solution”.  Mr. Barnes pointed out the deep contrast between historical city, county and state finance which sees large amounts of capital leaving states and regions, essentially “vacuumed” toward international banking cartels enabled by Washington, Wall Street lobby-procured politicians, and public banking, where those funds stay “at home”.

Mr. Barnes told the audience that “We are here to get off of our knees and stand up”. Apparently, a lot of Americans feel the same way as New Mexico’s Craig Barnes, and have taken action resulting in 20 or so state legislatures across the country considering and talking about creating public banks. President and founder of the Public Banking Institute Ellen Brown gave the keynote address at the end of the symposium, where she mentioned to the audience that the world’s largest depository bank is found in Japan, and that it is state-owned – a national public bank.

Public banking systems, the movement toward establishing them across America, and widespread discussions on the tremendous benefits to local, state, regional or national (the Federal Reserve system is privately owned) communities have very little connection to ideological or political stances (public banking is incorrectly perceived as socialism) but have timely, extremely relevant connection to the idea of small to large communities of citizens’ sovereignty, or independence.

The following video comes from the New Mexico discussion on public banking. Lest people miss the global aspect of sovereign, public banking systems and how the choices of nations/people on their financial organization have highly significant consequences, one need look no further than the recent historic announcement by the international association called the BRICS nations (Brazil, Russia, India, China, South Africa and others) of a new development bank which will “compete” with the International Monetary Fund (IMF), World Bank (WB) and other major institutions.

The BRICS development bank announcement was a profoundly historic event which has created a new, never-before-seen set of conditions on Earth. Whereas before the governments of the world had no other option when faced with the need to obtain multi-billion dollar development loans but the IMF, WB and similar global banking institutions – and because of the highly negative societal results coming from many of those transactions through recent decades, especially massive, impossible-to-repay debt incurred by so-called third world countries – there is now another option.

A simple analogy is where there has been one bank to serve a county – a monopoly, no-competition situation – for what seems like forever, then a new competitor bank sets up operations and begins to compete for the county’s customers. Considering the astonishing fact not one bank executive went to jail (not one was prosecuted) after the economic crisis of 2007/8 even though most serious observers agree that massive, systemic fraud occurred – and combining that with the perceived-by-most, absolutely out-of-balance influence exerted by America’s wealthiest on members of Congress – one can envision the level of opposition to proposals for public banking initiatives going forward.

Of utmost importance with regard to analyzing global conditions is envisioning the true extent of the extreme dangers of major escalation in violence when the scale of opposition cannot possibly be larger: international, formerly competition-less banking institution major stockholders/owners opposed to BRICS. Returning to the simple county bank analogy, let us assume that the monopolistic bank had taken advantage of its competition-less position and that their reputation had suffered severely because everyone living in the county heard many “horror” stories from their neighbors.

The international banking cartel has become placed in a very difficult competitive position due to degradation of their reputation after “horror stories” told by leaders of nations (customers) to each other over time became widely known. BRICS offers those customers another option; people around the Earth must become extremely vigilant to prevent unwise, violent, harmful reaction from occurring in what can reasonably be described as perhaps emergence of the greatest high-stakes wealth competition in world history.

Assuming that those who hold tremendous financial power think deeply and choose to refrain from taking the horribly unwise, immeasurably tragic option of war and killing to “win”, humanity will experience encouragement and an increase of belief in the real chance of cooperatively creating a new, more equal, peaceful and moral world for this and future generations.

When Americans in the Occupy movement marched with signs reading “We Are The 99%”, likely none of those men and women imagined that only a few short years later their message would have traveled and become loudly heard around the Earth.

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Please share the following website with friends, relatives, and elected officials in your region. For more information please visit:

http://www.publicbankinginstitute.org/

(Thank you to OccupyNewMexico at YouTube)

Wall Street’s Thousand Points Of Interest Payments.

Posted March 25, 2014

by Jerry Alatalo

ranier-1The Public Banking Institute has produced a short but very insightful film that clearly shows why cities, counties, states, and the federal government would be wise to consider establishing public banks across America. Through the use of graphics, the film gives the viewer a visual, accurate understanding of how governments of all sizes send money to Wall Street banking corporations.

In a few minutes the video simply makes the case for public banking by governing bodies of all sizes. Public banking allows elected bodies the real opportunity to save massive amounts of money in the form of greatly lowered interest payments.

The narrator of the film compares an average homeowner’s eventual total paid to mortgage lenders to a city’s construction of a new school, or a county’s building of new roads, or a state’s construction of a renewable energy facility. The homeowner who purchases with a traditional mortgage loan a $100,000 home will pay $250,000 before the mortgage becomes paid off. The city which builds a $1,000,000 school will pay $2,500,000 before the school gets paid off.

The same interest payments apply for any projects that governments need to borrow money to complete, so public banks offer – when taking every project across America during a given year – an obvious and tremendous reduction in interest costs. This can apply to college loans to ease the financial burden on students, as well as saving communities and regions funds when dealing with natural disasters like the floods in Minnesota and North Dakota described in the video.

One screenshot in the film reads, “Wall Street gets bigger and richer than ever.” It is safe to say that the American people are probably in the kind of mood to begin reversing that decades long trend, while creating public banks that turn off the money pipelines to Wall Street. And so Wall Street executives may have an issue with any initiatives that turn off the money taps flowing toward them from their “thousand points of interest payments” – scattered across “this land is my land, this land is your land” – found in city halls, county buildings, statehouses, and Washington, D.C.

Perhaps the billions in Wall Street bonuses may have to be reduced in “austerity cuts” and be given a “haircut” as they say in the banking industry – once public banks become “the people’s thousand points of light”. More jobs, more tax revenues, more business startups, more infrastructure projects,  better schools, better public safety, more teachers, more solar, wind and other renewable energy developments…

With a strong, vibrant public banking sector stretching across the entire United States of America, the men, women, and children in the 99% will need to start purchasing a great deal more shampoo.

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(Thank you to Public Banking Institute at YouTube)