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Bearing the Quadrillion Cross

29.06.2009 17:54 in money

Short Update:

The population of the world is bearing the cross - not a simple double cross, but a quadrillion cross. They should be cross...

Information and dis-information out there:

The BIS has said that financial products should be registered like drugs and sees risk that Central Bankers will raise interest rates too late.

There are others out there expecting a settlement. We see no reason this will happen as the reigns of power are firmly in the hands of bankers.


A distinguished British banker, the Right Honourable Reginald McKenna, one-time British Chancellor of the Exchequer, and Chairman of the Midland Bank, one of the Big Five (five largest banks of England), addressed an annual general meeting of the shareholders of the bank, on January 25, 1924, and said (as recorded in his book, Post-War Banking): [Underline emphasis added]


“I am afraid the ordinary citizen will not like to be told that the banks can, and do, create and destroy money. The amount of finance in existence varies only with the action of the banks in increasing or decreasing deposits and bank purchases. We know how this is effected. Every loan, overdraft, or bank purchase creates a deposit, and every repayment of a loan, overdraft, or bank sale destroys a deposit.”

“They (the banks) control the credit of the nation, direct the policies of governments, and keep in the palm of their hands the destinies of the peoples.”

Pope Pius XI wrote in his Encyclical Letter Quadragesimo Anno, in 1931:

“those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.”


The situation pre-WWII and now is very similar. Much disinformation floats about. Some examples:

  • There are a secret set of books used by the elite - and those books have numbers into the Quintillions. FALSE. The only rational conclusion would be that the secret set of books, if the elite trust each other, are in GOLD [1]. Those newly-rich who have numbers in the billions and trillions have been sold a load of rubbish. And the velocity of that rubbish was approximately 1.5 Quadrillion dollars last year. See http://www.dtcc.com/
  • There are "20 million tonnes" of gold at some secret facility. FALSE. The total amount of gold ever mined and in use as money is between 120,000 and 155,000 metric tonnes according to experts we have spoken to. It takes energy to produce gold, and the price ratio is roughly 3 grams of gold to the barrel of oil worth of energy. See http://www.lbma.org.uk/stats/clearing for clearing volume in London to get an idea of size.
  • The Central Banks control the interest rate and have "set the rate" too low. WRONG, they are merely printing treasury instruments out of thin air to satisfy the demand for "safety". When that demand falls away as the market responds to the the flood of new treasury instruments, "rates will rise". Much "money" is being destroyed by loan repayment. However this may be too slow for some impatient bankers.
  • FACT: People, especially economic pundits, cannot seem to do ratios. WHY? - it is easy to fool the rest of the people who cannot do them either.

[1] NOTICE - much of the gold has been stolen from the people of the world by theft, fraud and war.

EXPECT - the thieves to suddenly "feel for the people" and attempt to launder the gold like goodie two shoes.

EXPECT - the tense "peace" to break down as the goodie two shoes talk is shown to be fake.

EXPECT - more banks to be failed. A wave offshore and a wave onshore.

EXPECT - a complete lack of trust in the world at large.


 

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