Earthlinggb's Blog

A “New” Money System (always known about but never put in practice)

Posted in Money, Political History, Uncategorized by earthlinggb on March 3, 2017

I have blogged about the two major control factors which run this world – Money (the reality of it) and Law (the “legal personality”) for many years now.

Unfortunately, there is scant interest from the vast majority of the “unwashed masses” who forever wonder why things never get any better while they vote “left” out and “Right” in and vice versa for decades and centuries. They complain, they bitch and moan and EVERYTIME the controllers offer up a “New Messiah” speaking words that resonate with them (that is what they do and always have), those “great unwashed” swallow it all, gobble it up and, for a while, get all excited at the prospect – and forlorn hope (hope is ALL you ever get) – of change.

However, there never will be any. Why? Because as you have just shown once more, you’re so easily led into believing AGAIN that the new guy in the Oval Office really is “change”. I could go into why he’s not but that is not the point of this blog.

The point of this blog is to bring it to your attention, once more, that there are people in this world – even today – who know there is no need for the existing money system and that it is, in fact, a con and the scourge of humanity. It is the reason for all our ills, our depressions, our desperation, our murders, hate, anger and wars. Not ALL but most. Some will say “No, it’s religion” but what is organised religion? It is all to do with spiritual and temporal power over masses and that power is gained by riches (money). Remember, money is just a means, it is not the end goal.

This post is called “A ‘New’ Money system” but, in fact, it is not new at all. It has always been known of, just never put into practice because, if it were, those who have ruled would rule no more. The “legal personality” is the mechanism, in law, by which those who own and control the money system today, have been able to “engineer” it.

Yes, there are “bloodlines” and these bloodlines must maintain and further their power to the point that “The meek shall inherit the earth”. The “meek” is not you and I. The “meek” (in THEIR bible) is them.

So, onto the articles worth reading:

Well, first, let me re-post one of the most significant and telling responses from the US Federal Reserve Chairman ever put on record:


He doesn’t say HOW, of course, but he DOES say “Yes” it is possible for a nation to have a currency without a national debt. And it is NOT just because private banks could issue it. Private Banks are “legal persons”. YOU are a “legal person” (ignore, for the moment, that the legal person itself is a con). The point right now is that a LEGAL PERSON (of any nature) CAN ISSUE MONEY – so YOU can! This is not a theory, it is a FACT!

Now, to President Roosevelt:

Bighamton Press, Sept 14th 1934.

bighampton-press-sept-14-1934-1 bighampton-press-sept-14-1934-2

Just as a Corporation is given “Legal Personality” by the law/Government, Trade Unions also are afforded “legal personality”. You would think the, therefore, that ALL persons are equal before the law right? WRONG! Why? Well those who are the majority Stakeholders in Corporations also have majority stakes in Banks and the Federal Reserve Private Banks. So who do you think has the say toward government and the power of money behind them? You have to understand that Roosevelt knew this. He was not a stupid man! So while he talked a good talk…..

Now to Woodrow Wilson: An article from not long before he became President and ushered in the Federal Reserve Act.

From “The Sun” September 25th 1910 (not the British rag):

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the-sun-sept-25-1910-4

the-sun-sept-25-1910-5

 

“Guilt is always PERSONal” but the Corporation IS a “person” in law, therefore, those who truly own and control the Banks (also “persons) and Corporations are as if they are protected by the greatest of force fields. They can direct policies of any nature which is anti – public or individual or environmental and it is PEOPLE who drive these policies. Yet, it is the Corporation itself (a fictitious “person” existing by means of its own “birth certificate”, the Articles of Incorporation agreed to by the State) which is sued – if at all. A Corporation cannot be committed to jail for fraud or any other crime but the actual flesh and blood persons could IF this “force field” was removed.

Did Woodrow Wilson remove it while President? Not at all. In fact, he strengthened it plus he oversaw the introduction of the Federal Reserve and the IRS!

So now, let’s turn to E.C.Riegel – a name that many will not have heard of (but you MAY have heard of a man by the name of Mike Montagne who has claimed the originator of the MPE – Mathematically Perfected Economy – idea). No doubt Mr Montagne has worked on the idea for many years in great detail but the reality of money was known to many others – well known and not so well known – many years/decades, perhaps even centuries beforehand. The above indicate why such a money system has never been allowed to be put in place. The following describes what that money system, essentially, is.

 

THE MONETARY PHILOSOPHY OF E.C.RIEGEL:

  1. For a Person to exert Money Power is natural and wholesome (for “person” assume individual and that no such “Corporate Persons” exist).
  2. For the state to exert Money Power is unnatural and perverse.
  3. Until the state acquired Money Power, the state was, at worst, a parasite upon the economy; with the Money Power, it became a perverter of the economy. Men no longer merely tolerated it, they sought the exercise of the money power in their favour.
  4. Thus, man’s attitude toward the state and the state’s power over man were completely altered.
  5. Out of man’s motive of winning benefits from the state grew various political “ideologies” designed to screen the acquisitive purposes of their proponents.
  6. Thus the acquisition of the money power by the state marked a politico-economic revolution as it gave to the state the power, through fiscal policy, to control the economy and turned men’s minds from private enterprise to methods of its political control and perversion.
  7. Our present type of state should be identified as the monetary state and distinguished from the pre-monetary state.
  8. Money power exerted by the state is inescapably perverse; the monetary state is a frustrator of all aims of economic and political liberty.
  9. In the exercise of the money power, the state is driven inevitably from the libertarian forms of democracy and republicanism to the autarchic forms of fascism, socialism and communism.
  10. These are distinguished only by the manner in which the state’s money power is exercised but derived from one theory – that the exertion of money power is a function of the state.
  11. The grand issue is between the monetary state of today and the de-monetized state of tomorrow, wherein man will assert exclusive money power under the principle that only producers may create money.
  12. Thereafter the politico-economic issues that now exist will be no more, for the state will have lost its power to inflect the economy either to the left or to the right.
  13. The aim is not to pose a political revolution but to induce a revolution in thinking of money and an evolutionary movement through local, non political, action to establish a private enterprise money system independent of the existing political money system.

PRIVATE ENTERPRISE MONEY

A Non-Political Money System

by E. C. Riegel

Copyright 1944

In the preface to the book, the author says this:

The life of modern man depends upon his mastery of money.

Our political money system is breaking down and must be displaced by one that serves the needs of modern exchange. Otherwise our civilization will perish.

As technological improvements tend to specialize and confine each man’s production, the need for the exchange of products increases, and, therefore, man’s dependence upon money makes the mastery of this vital agency more and more imperative.

Production grows more mechanical, while consumption, on the other hand, has no machine technique; it still operates by our hands and bodies. Therefore there can never be mass consumption to coordinate with mass production. Consumption remains private and individual. Production grows more interdependent——requiring the coordination of many machines and many hands——while the function of consumption cannot be shared or mechanized; it is human, individual, self-dependent.

To fulfill the function of consumption (without which production is purposeless) the individual must be, as buyer, a self-starter and self-stimulator, and therefore, money power, sufficient to buy his production, must be at the command of every man. Otherwise the people cannot coordinate their consumption with their production and this deficiency causes the production machine to clog and recoil with vicious consequences. Not only are these economic results painful in themselves, but they cause the people to turn to political intervention as a remedy, and this complicates the problem and increases the peril.

WE MUST HAVE LESS RATHER THAN MORE POLITICAL INTERVENTION AND THIS BOOK WILL SHOW THAT IT IS POLITICAL INTERVENTION THROUGH THE MONEY SYSTEM THAT BREEDS ALL OUR ILLS. PRIVATE ENTERPRISE MUST, IF IT IS TO BE PRESERVED AND PERFECTED, HAVE A PRIVATE ENTERPRISE MONEY SYSTEM. THE POLITICAL MONEY SYSTEM IS INHERENTLY ANTIPATHIC TO PRIVATE ENTERPRISE AND INEVITABLY TENDS TO COMMUNIZATION.

Our mass production power must be balanced by our individual buying power and our buying power is dependent upon our individual money-creating power. Money cannot meet modern needs by descending to the people; it must rise from them. Until this is comprehended mass production must continue to miscarry. We, as consumers, must literally make money or be stymied. Government cannot assume this responsibility for us. Every individual producer must exert the right and assume the duty of creating money, if there be need therefore, to buy the value of his own production. There cannot be full distribution of wealth without full distribution of money power. He who would make must also take——in ratio. Each of us must have the ability to create fountain pen money with our own hands. Machine production must be coordinated with handmade money.

Recurrent business slumps, mal-distribution, over-production, unemployment, panics and depressions are but the gentler reminders that our industrial life is in danger. In the end war presses a gun against our head with the demand——money or your life. Must our economic and political maladies be compounded into periodic cataclysms and our civilization be destroyed before we master money?

Typical of the stress laid by economists upon the need for sustained purchasing power is the following quotation from “The Dilemma of Thrift” written in 1926 by William Trufant Foster and Waddill Catchings:

“In fact, adequate, sustained consumer-demand would do more than any other means now within human control toward increasing wealth, abolishing poverty, maintaining employment, solving labor problems, increasing good will among men generally, and maintaining the peace of the world. No means of preventing war holds out such large immediate possibilities as this… It is, therefore, difficult to exaggerate the importance of finding a means of sustaining purchasing power. The next world war, if it does come, may well be the last war——at least the last war in which the present nations will have any interest, for it may well destroy civilization itself.”

Well, “the next world war” has come and is upon us, and whether or not it is leading to the destruction of civilization will not be determined by the outcome of the military phase of the war. The issue cannot be determined by military victory. Its cleavage is not the battle front. Both Axis and Allied Nations are committed to the system of government-created purchasing power, whether they be classed as fascist, communist or democratic. The broad question that will determine the fate of humanity is whether the evil practice of synthetic buying power by governments shall continue to the inevitable collapse of the social order or whether the producer of wealth will exert his natural buying power and thus avert disaster.

Without reservation I assert that the whole fate of society hinges upon the one question of whether it can at this critical juncture gain mastery through the mastery of money and thus coordinate purchasing power with producing power. The issue is——money or your life.

——E. C. Riegel

In the introduction, his first words are:

Man has two major problems. His first problem is: HOW TO PROSPER. His second problem is:

HOW TO GOVERN GOVERNMENT.

The solution of one is the solution of the other. It lies in the understanding and exercising of his inherent money power through a non-political money system.

Because man has not mastered the problem of achieving prosperity, he has turned to government for its solution. Thus he has complicated his problem, for government offers no solution to the problem of prosperity, while its intervention in this primary problem brings the additional problem of how to govern government. When government undertakes to solve man’s problem for him it undertakes the mastery of society and it cannot be both master and servant. Thus it has failed in both spheres. By intertwining the prosperity problem with the political problem man has snarled the threads and no solution of either is possible without separation.

EVILS OF THE PRESENT SYSTEM

The present money system has three basic evils:

It permits money to be issued privately, only by a limited number of persons and

a)
corporations who have bank credit, and makes such credit subject to fee. Thus it establishes credit as a privilege rather than a right, and makes it an object of profit rather than a utility to further the production and distribution of wealth. It denies to producers generally the right to issue money, thus making it impossible to expand buying power to potential producing power. This results in defeating the mass production system.

It permits the government to issue unbacked money. The only way the government could

b)
back its money issues would be to go into the production of goods and services; and this would compete with private business. Thus the problem offers the two horns of a dilemma, both of which lead to socialization. If it backs its money issues with goods and services (and there is no other way it can be backed), it executes a frontal attack on private enterprise. If it issues money without backing it (as it is doing), it executes a flank attack on private business through inflation——since to issue money without creating equivalent values is to inflate.

It permits ambitious or designing or fanatical men who are in control of government to

c)
light the fires of war, threatening the lives and fortunes of untold millions. This terrible power lies solely in the political money system since armaments spring from money and money springs from government fiat, whereas it should spring only from the fiat of the people who would thus hold the veto power.

It is a fantastic book which leads the reader to a far better understanding of what freedom actually means (Americans belief in their “Land of the free” is just so naive as they keep swinging between their Democrats and Republicans, just as we do here in the UK with Labour and Conservative and just about every other nation does. Even in the autocratic countries, the money power is still exerted by the state and controlled by the global banking fraternity.

Until we break this, you can vote to your heart’s delight and, as you, your parents and your parents’ parents have seen, nothing changes. Well. it does, but never positively. It takes two parents to work to keep a family afloat today while the feminists THINK they have done themselves and the world population a favour. They actually have no idea what they have done and how they were manipulated into doing it.

Schenectady Gazette, 26th December 1933:

ec-riegel

Brooklyn Daily Eagle, December 29th 1913

brooklyn-daily-eagle-dec-29-1913-1brooklyn-daily-eagle-dec-28-1913-2

Now, I’ve blogged long and hard over years about this subject – Money and law. I’ve introduced you to MPE (Mathematically Perfected Economy) and have strived to explain, again and again, what money actually is AND what “the law” and “legal person” actually are.

People say to me “Well, if you’re so smart DO something!” However, NOTHING can be done without this knowledge being imparted to everyone and and a vast number of people “feeling” it so much that they are determined to act, together. However, the vast number of people just want an easy life. The irony is they complain that their lives aren’t easy and guess what? THIS is why!

Oy veh! Just keep paying your dues!

NB: The quotes of Thomas Jefferson are oftentimes used wrt money and banking – such as follows:

“I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” ~Letter to John Taylor, 1816

But even Jefferson (and many today who keep talking about Gold and Silver and that money should be issued by the state tax free) either have gotten it wrong OR they have an agenda. Jefferson wanted the State to be in control rather than private bankers, however, as is clear and obvious from the foregoing, neither the state nor the banks – neither of whom are producers of any kind – should have the power of issue of money. We, the producers, have the only true right to do so.

 

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