October 2011 issue of Freedom's Phoenix magazine - fr33aid

Central Banks, BIS and Goldman Sachs Coercion
By SARTRE BATR
Make a Comment • Email Link • Send Letter to Editor • Save Link
“THE few who understand
the system, will
either be so interested
from it’s profits or so
dependent on it’s favors,
that there will be
no opposition from that
class.”
Rothschild Brothers of
London, 1863
Did you ever wonder why countries allow private
central banks to issue their money? Somehow,
missing in the self-governing status of governments
is the courage to deny the seduction
or the threats of the global banking cabal, over
the control of a nation’s currency. How did this
obvious usurpation of independence become an
unquestioned acceptance by the very governments
who proclaim to be sovereign nations?
The answer reveals that the right of autonomous
government is now dependent upon the
approval of the banking cartel. The myth that a
historic country can exert their populist will and
financial self-determination, when it conflicts or
opposes the interest and objectives of the moneychangers,
is outright fantasy.
In an Interview with Jean-Claude Trichet, President
of the ECB , conducted on 20 April 2011
by Mr Jorma Pöysä (Kauppalehti) and Mr Juhana
Rossi (Helsingin Sanomat), published on
26 April 2011, the following makes it very clear
just who is in charge.
Question: As you may know, a populist and
euro-hostile party called True Finns won the
general election in Finland last weekend, obtaining
almost one-fifth of the votes. Are you
worried that this anti-euro sentiment will grow
in other euro area countries? Could it dampen
the willingness of triple A countries to accept
new rescue arrangements and therefore slow
the gradual recovery from the recession and the
debt/banking crisis?
Answer: As a central bank we issue a currency
for absolutely all political sensitivities.
We are the guardian of a public good – a credible
and stable currency – and that public good
is for the service of all our fellow citizens. We
are, by construction, a multi-partisan and multinational
institution. I will not comment on the
functioning of our democracies. We fully respect
the functioning of our democracies in which we
have the fortune to live in Europe.
Translate for "our democracies" the vassal states
of the usury masters. Blackstone's Commentaries
on the Laws of England, p. 1336 reads:
"When money is lent on a contract to receive
not only the principal sum again, but also an increase
by way of compensation for the use, the
increase is called interest by those who think it
lawful, and usury by those who do not."
31
Niall Kilkenny in The Moneychangers Exposed
at Last, concludes. "In the ancient world, the
usurer quickly became owner of most of the
country and had all the silver and gold. Then
the peasants became slaves or revolted. Under
the paper system, the final collapse can be postponed
by printing more fake money. Inflation is
the handmaid of the paper system. It is economic
warfare, and more deadly than an invading
army, because it comes from the enemy within."
The Money Masters
How International Bankers Gained
Control of America
Today central banks command far more power
to dictate financial consequences than any government.
Simply stated, governments dare not
restrict or abolish their monopoly schemes that
make or break political regimes. The Money
Masters video gives an excellent account on
How International Bankers Gained Control of
America.
Yet, this same pattern repeats itself throughout
the world. Can there be any doubt that the banksters
directed NATO to remove Col Muammar
Gaddafi because he was proposing a pan African
financial system that would abandon the strangle
hold of the IMF? Gold stocks in the hands
of a rebel, prescribes the need to overthrow and
punish anyone who dares defy the interest debt
machine. The ultimate moneychanger, the Bank
of International Settlement calls the tune. The
Money Masters site exposes the practice.
“The Central bankers’ Bank for International
Settlements (BIS) in 1988 in the “Basel I”
regulations imposed an 8% capital reserve standard
on member central banks. This almost immediately
threw Japan into a 15 year economic
depression. In 2004 Basel II imposed “mark to
the market” capital valuation standards that required
international banks to revalue their reserves
according to changing market valuations
(such as falling home or stock prices). The US
implemented those standards in November,
2007. In December 2007 the US stock market
collapsed and credit began drying up as banks
withheld loans to comply with the 8% capital
requirement as collateral valuations began to
drop. The snowball effect of tightening credit,
which reduces economic activity and values
further, which resulted in further tightening of
credit, etc., has produced a worldwide depression
which is worsening.”
Continues on Page 32
31