Earthlinggb's Blog

THE CASHLESS SOCIETY: GRESHAM COLLEGE LECTURE 26TH MAY 2020

Posted in Finance, Law, Money, The Corrupt SOB's by earthling on May 28, 2020

First of all, may I state, it was dreary having to listen to this “Professor” drone on for an hour, live.

First of all, an introduction to our dear Professor, Richard Harvey…

Who are the “Worshipful Company of Information Technologists”?

Ahh! Bill Gates and International Bankers among others.

While, as you know, the liar, Chris Whitty, funded by Gates to the tune of £31M for “Malaria Research”.

So, ok, here’s the “lecture”. We do need to be lectured to you know, by these people, who need to keep to the script like their lifestyles depended on it because, oddly enough, they DO!

Here’s the original youtube comments from the live lecture. The comments relate to points our “Professor” is making.

Rikin Patel
​will the talk remain on youtube after it finishes?

Gresham College
​Yes, the lecture will stay up after it is finished.
Welcome to live chat! Remember to guard your privacy and abide by our Community Guidelines.

Earthling
​The Worshipful Company eh? Nice one!

Earthling
​Quite right too!

Michael E.
🙋 Hello

Earthling
​Electronic money is absolutely fine. The issue is how money is created.

Earthling
​The obfuscation of how money is actually created.

JONATHAN SUTCLIFFE
​cashless tyranny? indeed. this lockdown you’ve all harped on about…. a mere diversion and experiment r.e what various aspects of surveillance culture can be bolstered and improved upon.

JONATHAN SUTCLIFFE
​why the borse countries are being touted as the instigators of this is beyond me..

Earthling
​The charging of usury and the fact that promissory notes are exchanged for bank notes with the bank then charging interest on them of your own created money.

Conway Yury
​And, if the power grid is down!

James Driscoll
​Mammon must feed

Earthling
​Ah Sweden that didn’t have a lockdown?

Earthling
​Hmmmm

JONATHAN SUTCLIFFE
​why you think virtual currencies will ease terrorism is also beyond my comprehension. that cash virtual or no is the main symbol of personal liberty is pause for thought.

JONATHAN SUTCLIFFE
​why are crazy religious people being allowed to hound me from pillar to post? can you answer me?

Earthling
​Before you discuss cashless society, discuss the creation of money! Otherwise everything you say is of no value. It is misleading.

Earthling
​Are you Gresham people intelligent but, at the same time, ignorant? Or do you just stick to the agenda?

Earthling
​One minute with Whitty he says Ro<1 means a disease is dying, the next Covid 19, even at Ro<1 will never be wiped out.

Earthling
​Odd that don’t you think?

Helen
​@Earthling hes literally discussing cash creation/production right now

Miguel Rodriguez
​Hi 

Earthling
​No-one DOES want it in the present state of money creation.

Hugh MacDonald
​@Helen Yeah they’re being a bit shrill

Earthling
​@Helen: Continue your ignorance madam.

Hugh MacDonald
​And that was that

Earthling
​Then again, I’m 3 mins behind.

Gresham College
​Keep it civil in the comments please! We have lots of lecture on the subject of business, economics etc at our website: https://www.gresham.ac.uk/watch/

Hugh MacDonald
​I think the relationship people have with banks is interesting and important. I don’t know how much people actually trust banks, and yet practically people put significant trust in them.

Hugh MacDonald
​@Gresham College Yes I’ve been watching numerous of your lectures.

Gresham College
👍

JONATHAN SUTCLIFFE
​maybe bring back paper notes if plastic notes are so apt to be breeding grounds for viruses…

Earthling
​You are speaking about the physical cost of manufacturing paper and distributing it. that has nothing to do with money creation.

JONATHAN SUTCLIFFE
​virtual credit i.e digital based economies will be far easier to destabilize and steal or replicate fake accounts than forge hi-tech notes. surely you need to be serious about this…

mark wood
​I like to keep both options open. Cashless is useful and also makes you less of a target for street crime. If you card is stolen you can ring the bank, but if cash is taken then its gone.

Earthling
​Cash is NOT money! Cash is a physical representation of it.

mark wood
​But cashless also has problems. I have cash at home in case I lose my card or it mistakenly gets taken by a faulty cash machine. Cash can carry you over till the problem is resolved.

JONATHAN SUTCLIFFE
​most governments rushing into this without thinkingit through – like most things.

Deborah Adeniji
​IV a question 4 professor: The British Empire first instituted a world without cash, right?

Earthling
​We can have a cashless society within an entirely different system of money creation and economics based upon mathematics where the money created represents the property within the economic system.

JONATHAN SUTCLIFFE
​i.d theft, hacking into accounts, theft of bank details and transfer of monies, virtually, are all palpable fears…

Earthling
​The issue is not cashless, the issue is creation.

JONATHAN SUTCLIFFE
​you are suggesting that fiscal institutions need to be mature enough when dealing with other folks’ money. you surely know thay are not…

Earthling
​And that hyperinflation is due to how money is created and the usury added to it. If you create £100 and distribute it, only that principal exists so how, then do we pay back principal and interest?

Earthling
​You can’t. It’s impossible.

Earthling
​I have no fears of cashless. The issue is creation. Talk creation before talking physical manifestation.

Deborah Adeniji
​If so, then wouldn’t the British Empire be a foreshadowing of what Revelation 13 is talking about?

JONATHAN SUTCLIFFE
​it would be easier to flood an economy with virtual monies than palpable. the system is far too flawed to sustain a country’s economy. computer wizardry is needed to fend off these hacks…

Fat5h
​why do not anyone define a new concept of value relying on real assets and production which has basically 2 variants: time and energy?

Earthling
​Sorry but your talk really is redundant. And I am sure you know why.

Earthling
​@Fat5h That’s the sort of conversation these people never wish to have.

JONATHAN SUTCLIFFE
​bit coin. you’re going to erase a historically entrenched virtual coinage system for this virtual economic forum? i don’t thinkthis is the way forward

Gresham College
​@Earthling We’re sorry you feel that way – there are a lot of people out there talking about money and this lecture is just on one aspect of the discussion.

Gresham College
​Heres an example of another lecture on money from Gresham: https://www.gresham.ac.uk/lectures-an

Gresham College
​Or this one: https://www.gresham.ac.uk/lectures-an

Gresham College
​[message retracted]

Earthling
​@Gresham College Point me to any of your lectures which discuss a genuinely different (and more correct/non corrupt) way of creating money. I assume, then you must know the present way is corrupt?

Earthling
​I will check those out.

Michael E.
​Anyone who thinks they have complete anonymity should google trap wire surveillance system.

JONATHAN SUTCLIFFE
​no issue with budgeting at all. issues with this lackof maturity required in others e.g thefts and the like.. refer to banks… simple, really.

Earthling
​But here is my question: Why does the college not promote a countrywide debate on money creation? You have that ability and it is clear to anyone with any intelligence on the subject that the current

Earthling
​system is flawed and corrupt to the core.

Conway Yury
​Hang on, the US Treasury has its own trading desk!

JONATHAN SUTCLIFFE
​chinese inability to comprehend western style banking… flooding building market with cash, building home for no one.. whole cityscapes bereft of residents… refer to brazilia..

JONATHAN SUTCLIFFE
​brazilia? city in brazil which built some socialist idyllic city scape and was left deserted. the chinese model seems similar… if we believe reports…

Michael E.
​There was a episode from the tv series sliders from the 90’s that go fairly deep into what the faults could be in a society was run by digital banks.

JONATHAN SUTCLIFFE
​our friend here seems to be promoting asiatic designs on economic platform. system – key word. the design is totally flawed.

Conway Yury
​Agree with you JS!

mark wood
​They also like to boil folk in hot oil:)

Gresham College
​Here is a series from Jagjit Chadha on Money, Monetary Policy and Central Banks: https://www.gresham.ac.uk/series/mone

Earthling
​You can have a cashless society without an existing bank system account.

Earthling
​A human right or a legal person’s right? Can we get the terms right please? You don’t have “human” rights unless you are considered a person.

JONATHAN SUTCLIFFE
​uk decimization. destabilization of uk economy in readiness for euro or as was the ecu… whatever happened to the ecu?

Earthling
​You can go cashless without a bank account per se. Just not in today’s system.

Earthling
​@Gresham College Thanks, I’ll check it out.

Gresham College
​Our business professor was recently talking about the vodafone M-pesa system in this lecture: https://www.gresham.ac.uk/lectures-an

Gresham College
https://en.wikipedia.org/wiki/M-Pesa

Earthling
​I remember. My ice creams became more expensive!

JONATHAN SUTCLIFFE
​no need to implement experiments with economy if sweden is so keen to be at the forfront of casless. cashless? i aint keen…

Miguel Rodriguez
​A cashless society will be a society and an economy run solely on a digital invisible sphere. I think Nations should be more concerned about their citizens means of creating and allocating wealth.

Earthling
​I really do wonder why you academics are so willing to go with the flow though since it impacts you just as negatively as the rest of us while those who own the system just enjoy the show.

Earthling
​It just seems like a waste of brainpower speaking and debating all this instead of concentrating fully on the main issue.

mark wood
​It is easier to keep track of your spending with cash. If you have little in your account and someone you pay takes the cash at a time other than immediately you are at risk of going into overdraft.

mark wood
​One instance can incur banks charges higher than a weeks income. So for low income cashless can be risky and harmful to your well-being.

JONATHAN SUTCLIFFE
​that fraud you described is rife within banking community and most fiscal institutions is it not. so if they’re in on it then you or i have no chance of parity or redress

Miguel Rodriguez
​Not to mention the harm an EMP can cause to such electronic system. Computers aren’t permanent and are flawed by its creators.

mark wood
​But for most of us that does not apply

Earthling
​My concern about security is not the money being stolen by anyone “on the street” but the total control of the “authorities” to simply shut down your access to it because you may be a dissenter.

Earthling
​Do you address the control aspects?

mark wood
​Earthling. One doctor could put you away if wanted. Credit checks already have a hierarchy of acceptance that place you as a citizen as worthy or not.

Earthling
​That ratio is far less than Covid 19 deaths yet the government assumed control! Hmmmm.

mark wood
​The individual is just a cog in the machine, unless you are wealthy:)

Earthling
​@mark wood Indeed. Scary huh?

mark wood
🙂

Earthling
​JP Morgan? Respectable? LOL

Earthling
​This has been very entertaining.

Miguel Rodriguez
​I will accept finely carved rocks as payment.

mark wood
​Compressed carbon is also accepted:)

Earthling
​@Miguel Rodriguez I’ll accept your promissory note directly rather than through a bank but in a database.

Earthling
​@Miguel Rodriguez And you wouldn’t even have to pay a cent of interest.

Earthling
​JP Morgan wouldn’t suck you dry!

Earthling
​Bob agrees to buy with conditions and he presents his promissory note directly to her. She accepts and the exchange is presented on a database. No bank necessary.

Earthling
​Mortgage interest free. Every transaction interest free. No problem.

JONATHAN SUTCLIFFE
​excellent. the happy fraudsters go on their way…. maybe present a lecture on the ills of those who defraud one of one’s savings… again via bank staff interaction with extraneous know how

Gresham College
​@Earthling What you are suggesting sounds very much like bitcoin to me.

Gresham College
https://www.gresham.ac.uk/lectures-an

Earthling
​@Gresham College Nothing like bitcoin. I would not touch bitcoin with a barge pole. It inflates for one thing.

Earthling
https://earthlinggb.wordpress.com/…/the-new-economics-will…/

Miguel Rodriguez
​I’ll accept Laser encrypted quantum quasi crystal structures as payment.

 

NOW, the explanation to Gresham College (left in the comments section of the video) regarding what needs to be implemented first, before ANY cashless society is acceptable:

 

The solution where “cashless” would not be an issue (but Gresham College, nor any other institution allied with the City of London, would ever discuss this in any depth). It would not be perfect from day one BUT it would be non corrupted and there would be no possibility of elite control. Further, the “elite” would lose their power and wealth unless they were willing to do solid work rather than use “speculative” means to establish their wealth: 1. Ex a £100K house. What if you did not issue a promissory note to the banks but simply issued it direct to the owner of the house? (this can be applied to any and all scenarios – private, public or corporate). 2. You would issue a promissory note for £100K to the house owner and the house owner’s account would be credited with the £100K directly and instantly. 3. Your account would show a debit/debt which must be paid down (and out of circulation entirely) over a period of time fitting with the type of asset purchased. In this case a house. The paydown period, in this case, could be 100 years. £100,000 paid down over 100 years is £83 per month. NO INTEREST BECAUSE THERE IS NO MIDDLEMAN WHO SIMPLY RE-PUBLISHES YOUR DEBT – i.e. The bank. Any renovations/improvements would add, appropriately, to its value. On death, the house would be sold and the asset continued to be paid for. 4. The accounting of that transaction (and all transactions nationwide or globally) would be handled by what is called a CMI (Common Monetary Infrastructure). A simple database of all obligations and the recording of all individuals and corporations accounts. Legally, we would also implement ACR “Absolute Consensual Representation” (see below). 5. There would be no such thing as a bank or a central bank. There would be no such thing as “money” from the perspective of today’s understanding of what money is (which is wrong anyhow). There would be NO INTEREST applied to ANY principal within the economy. 1: Remaining circulation in the economy 1: Equal to the remaining value of represented property (i.e. there exists NO Goldman Sachs & JP Morgans etc “betting” on Credit Default Swaps etc) 1: Remaining obligation to pay for remaining value of represented property. It is very simple: It is basic mathematics and it is pure balance as such. BALANCE IS A FUNDAMENTAL OF NATURE. THIS IS ALSO WHY THE “LAW” (although corrupted) TALKS ABOUT EQUITY. THE LAW OF EQUITY IS THE LAW OF BALANCE: HARMONY.

WHY MPE+ACR? When perpetual political betrayal sustains terminal monetary injustice across an entire world, every truly self-determined country immediately eradicates both treasons. There is no justifiable neutrality against terminal monetary impropriety; and there is no division amidst deserving people, because a singular pattern sustains the monetary arrangements of a just society. Nearly 50 years ago, our present financial quandary was projected by proof of a singular mathematically perfected economy — a singularity which holds that what we call “banking systems” are themselves terminal — that it is altogether rationally, ethically, and legally impossible to borrow money into existence from purported banking systems, firstly because, 1) legitimate debts can never precipitate to anyone who never grants the subject property from their legitimate prior possession; secondly then, because, 2) it is impossible in the pretended creation of money by purported banking systems, that banks could have established prior possession of money as a representation of entitlement, by giving up property for money which did not even exist before; and thirdly then, because likewise, 3) neither in the whole life cycle of banking’s treasonous obfuscation of our currency, does banking give up prior commensurable consideration to these mal-presumed debts — which banking only falsifies to itself by pretending it loans money into existence from its prior legitimate possession. On the contrary then, we are the only actual issuers of money, because if money is necessarily to guarantee redeemability, therefore money can only exist as enforceable promissory obligations, because only so does money comprise necessarily immutable representations of entitlement. Thus the falsified debts of purported banking are instead our own obligations to each other. The intentional falsifications of purported banking systems are therefore rational, ethical, and legal violations of our every principle of trade and contractual law; for in the whole of banking’s intentional obfuscation of money, no debt of the principal can legitimately precipitate to purported banking systems which therefore no more than publish further representations of our promissory obligations to each other. Yet the fate of the present and future world hinges upon our immediate understanding of this fact we do not and cannot borrow money into existence, for the laundering of such monumental sums of principal into the unwarrantable possession of banking systems is only the first and remarkably least of the ancient money changer’s principal crimes against us. The present global monetary calamity is the inevitable culmination of a perpetual and irreversible escalation of dispossession and debilitation, by perpetual multiplication of this falsified indebtedness to the obfuscators and faux creditors we ineptly call “banking systems”; and the agent of this irreversible escalation is the unwarranted imposition of interest: The lie “we borrow money into existence” paves the way for the further lie that interest is justified by ostensible risk of possession, whereas in fact the purported banking system has only published further representations of our promissory obligations to each other. On the contrary, it is impossible for any such risk to exist, because never in the whole life cycle of banking’s intentional obfuscation of our currency does banking give up commensurable consideration to debts it therefore only falsifies to itself. Yet thus we are forced involuntarily to sustain a vital circulation of falsified debt subjected iniquitously to interest, by perpetually borrowing principal and interest back into our general possession, with re-borrowed principal sustaining every prior sum of falsified debt; and with unwarranted interest perpetually increasing every prior sum of falsified debt by so much as periodic interest on an ever greater sum of falsified debt; and with this dedicating ever more of any given circulation to servicing the escalating sum of falsified debt, until even at an inherently escalating rate, we suffer the present, terminal debilitation under falsified conditions which only escalate the terminal condition all the further. The arguments and fact of a singular monetary justice or mathematically perfected economy™ therefore establish, 4) that it is impossible that banking systems are legitimate creditors then, because across the whole life cycle of their obfuscations of our currency, the resultant systems of exploitation give up no commensurable property to ostensibly “provide credit”; 5) that the only real creditors (who do give up property for representations of our promissory obligations) are paid in full from the outset of every such arrangement; 6) that a resultant obligation to sustain the value and redeemability of money therefore exists to the actual creditor; 7) that under “banking,” it is mathematically impossible to sustain the combined circulatory volume and disposition of money which would accomplish this purpose, because banking’s obfuscation of our promissory obligations dedicates ever more of a circulation to servicing its irreversible and inevitably terminal escalation of falsified debt; 8) that the inherent disposition and life cycle of our promissory obligations to each other is instead to retire principal upon payment, because the prior representation of entitlement stems from the obligation to pay the principal, which obligation is fulfilled upon payment; 9) that as no actual, commensurable risk of the principle to the banking system exists, neither can a fact of lending or risk of the principal exist, as ostensibly justifies interest; and thus, 10) that not only are the people the only actual issuers of money, promissory obligations, or redeemable representations of entitlement; but 11) that no legitimate means whatever exists to launder either the principal or interest into the unwarranted possession of purported banking systems or faux creditors who merely publish further representations of our issuance of promissory obligations; and thus 12) that the lie of banking is not only wholly unjustifiable, but inherently terminal; as 13) banking’s unwarranted imposition of interest forces us to maintain a vital circulation by perpetually re-borrowing interest and principal, to return the both to the general possession of surviving industry and commerce as a perpetually escalating and inevitably terminal sum of falsified debt. Thus a multitude of improprieties comprises a fatal and purposed breach of trust, perpetrated and intentionally sustained not only by purported banking, but by the vast political corruption which banking unduly makes itself both capable and compelled to purchase. Given every such potential for betrayal then, the only resolution of all such political corruption is the inherent means and objects of an absolute consensual representation, in which, by indispensable authorities of self-determination, competent societies may immediately raise every conducive means to ensure universal justice and integrity, that WE The People may finally eradicate every subversion of our vital political purposes. In proving a singular solution for the volumetric and dispositional improprieties of today’s pretended economies therefore, this proposition of mathematically perfected economy and absolute consensual representation is the only reasonable impetus for an ascendant humanity to secure inevitable justice; and of necessity then, we hold it is the duty of every apprehending citizen to ratify these authorities; that mathematically perfected economy and absolute consensual representation™ are inherent rights of every just person; that by our signatures, we and we alone rightly ratify these indispensable rights; that our ratification rightly prevails immediately over the every affair of every signatory; that to eradicate political betrayal, we must deny every seated or future government any authority whatever but to comply; and that necessarily therefore, our signatures immediately establish omnipotent personal authorities not only to fully protect ourselves from every transgression of these facts, but to prosecute every deviate for every related crime against us — each and every which deviate government, entity, and person therefore, from the moment of our signature forth, is guilty of the gravest treasons against us.

To understand the solution, we must first understand the deception. How do you otherwise find a solution for a problem you do not see or understand as existing? You can’t. It’s like punching an enemy you cannot see. So, I will attempt to explain this as clearly as I can. 1. The banks have no money. 2.The banks DO NOT “create money” they ISSUE it! 3. These issuances of currency/money are simply representations of your and my own promissory notes. 4. The underlying value of ALL money in existence is NOT gold and silver etc and never was and never shall be. Gold and silver, NO MATTER that they have been around as “money” for millennia, are nothing more than any other commodity – precious metals yes. Have an inherent value of sorts yes (but so does platinum, copper, seeds, in fact any commodity whatsoever) but they STILL represent the value you create within the existing monetary system as demonstrated by the fact they are exchanged for your promissory notes/banknotes (remember banknotes ARE promissory notes – see page 474 once more) – and, as such, they have the inherent fault of being inflationary and deflationary. [Note: Bitcoin also has this flaw and is, in no way, a solution to the world’s monetary system. Bitcoin is no more valuable than any other investment such as shares. They act in precisely the same way and, as has been shown, do nothing to prevent wild swings and do nothing, therefore, to prevent inflation and deflation] 5. Inasmuch as the banks are simply representing OUR value, all they are doing is RE-PUBLISHING our promissory notes to one another. 6. You see a house you wish to buy at £100K. You sign a promissory note (“loan”) which is a guarantee to pay – with your labour and/or assets – but, instead of being free to issue that promissory note direct to the house owner/asset holder you wish to purchase from, you are forced to issue it to the banking system. 7. What does the banking system do? It “transmutates” that promissory note having inherent value (YOURS) into it’s own printed promissory notes/banknotes. It then passes those banknotes (electronically credits the house owner’s bank balance) to the owner of the asset/house. Insodoing, the bank then turns to you “the borrower” (who has created that otherwise non existent money for the bank by way of your signature of the original promissory note) and demands you pay them the £100K PLUS interest. 8. That £100K becomes a deposit and a cash asset within the bank and adds to all the millions of other people’s promissory note creations of money to the bank’s “assets” (not their assets at all as we have seen). 9. The banks then use the fractional reserve system to multiply those deposits even further and lends out more of this “money” they say they have. All the while charging interest to each and every “borrower”. 10. This system has been in operation for centuries while we now have approximately 7 billion people on the planet. These 7 billion people (and all those generations before) have, as a whole, never had the interest money issued into the economy to pay the interest so the very most we could ever do is pay what IS issued into the world’s economy and that is PRINCIPAL ONLY. The REAL ECONOMY cannot pay back money which never physically existed because the principal issued is the ONLY amount which reflects the entire value of our labour. DO YOU SEE IT NOW? DO YOU SEE WHY THE GLOBAL DEBT (that means everyone on planet earth bar none) is what it is? So if it includes everyone then why would they do it? Because they (the world’s financial oligarchy) will always be able to pay their interest/debt off because they control the system (not that they actually do pay but that’s another story). IT IS LIKE A CASINO. THE HOUSE ALWAYS WINS. The interest is sucked out and up to the global banking elite who then use that wealth to have our governments further legislate to pay off the debt by privatising infrastructure and land/resources. In the end, the elite do not want money. Money is simply the vehicle with which they indebt the rest of us (including governments) to the point where we have to hand over control of all resources, land and infrastructure to them. Once they have achieved that, then the legal system has them in full ownership and, if you own everything, you don’t NEED money! 11. The banks OBFUSCATE the issuance of money. They fraudulently take ownership of YOUR promissory obligation and, as we have seen, this IS “money”. When you sign that obligation (“loan”) they then add it to their assets. What they then can do (and do do) is SELL that note – because it is REAL value – and the market will pay for it. An example of them selling these notes are the Credit Default Swaps and CDO’s which we heard so much of during the mortgage crisis (which still exists). They package the debts (promissory obligations) up and sell them! How can they sell them if they are not REAL MONEY? What gives them their value particularly when, as you understand it, you still have not paid off the “loan”? So here’s ANOTHER issue: If they sell these notes for money (which they do) THEN SOMEONE HAS PAID THEM THE VALUE OF YOUR MORTGAGE DEBT. THIS MEANS YOUR MORTGAGE DEBT HAS BEEN PAID OFF! BUT THE BANK STILL DEMANDS YOU PAY THE DEBT SO THEY ARE BEING PAID TWICE! THEY HAVE BEEN PAID AND YET THEY WANT PAID TWICE AND STILL DEMAND YOU PAY INTEREST ON AN ALREADY PAID OFF DEBT! Additionally, according to “law” a debt paid off is a debt no more. If the market buys your debt they have paid it off! Does the buyer come after you to pay off the debt? No. Yet they are the owner of it now. So why does the bank demand you pay an extinguished debt? 12. The obfuscation of the banks then is this: You create the money. They RE-PUBLISH that money as theirs and issue it to the owner. That is ALL the banks do! They then charge you interest on your own created money. In any other circumstance, it would be YOU who charged THEM interest for lending them money! They make HUGE profits out of your signature creating that money for them. They multiply it and lend it out again and again!

THE CASE OF SCOTLAND

Mr. Jenkin: This group of amendments falls into exactly the same category as the previous one, in that if there was one matter over which the Scottish Parliament would be expected to take control, it would be an issue of such symbolic importance as the Scottish bank note. I understand that the hon. Member for Edinburgh, West (Mr. Gorrie) is not correct about the issue of the euro, as Scottish bank notes are not themselves legal tender; they are merely promissory notes issued under the Bank Notes (Scotland) Act 1845 and the Currency and Bank Notes Act 1928. They are backed by reserves in the banks concerned, but they are not themselves legal tender. For that reason, they could remain in circulation as promissory notes if they were reissued as euro notes in the event that we joined the single currency. Of course, the European central bank and the other member states would not recognise them as legal tender, but, as they do not have such recognition in England or, indeed, in Scotland, that would not be a problem. However, it would be interesting to hear on the record whether that is also the Government’s view. The issue has symbolic importance. As the United Kingdom Parliament allowed Scottish notes to continue in issue long after the currency union between England and Scotland, it is extraordinary that they should not become the responsibility of the Scottish Parliament. Of course, the Government must reserve legal tender as United Kingdom issue over anything to do directly with currency, but, as Scottish bank notes are technically not currency, I fail to understand, and ask the Minister to explain, why promissory notes could not become a matter for the Scottish Parliament, rather than the United Kingdom Government, to supervise.

https://publications.parliament.uk/pa/cm199798/cmhansrd/vo980330/debtext/80330-22.htm

So Scotland already is ACKNOWLEDGED as working on the basis of PROMISSORY NOTES. Do you see ANY difference between YOUR lives north of the border in terms of how you use “money” to that south of the border or anywhere else? No, you don’t! And there’s a reason for that. The reason being is that just as you accept and consider these acknowledged promissory notes (obligations) as your currency, the rest of the world does precisely the same because, as explained in my blog “The new economics will be mathematics”, ALL currency throughout the world are simply no more and no less than PROMISSORY NOTES which represent each and every one of our promissory obligations to one another. THE ONLY PROBLEM WITH USING THE BANKS’ RE-PRESENTATIONS OF OUR OWN PROMISSORY OBLIGATIONS IS THAT WE NEED TO PAY INTEREST TO THESE BANKS FOR THE SIMPLE USE OF THEIR REPRESENTATION (i.e. BANK NOTES) OF OUR OWN MONEY! THAT IS ALL WE PAY INTEREST FOR YET, IF WE SIMPLY RECORDED EACH AND EVERY PROMISSORY TRANSACTION ON THE MPE (Mathematically Perfected Economy) Common Monetary Infrastructure (CMI) then we pay no interest for goods and assets we buy and, therefore, there is NO ever spiralling upward NATIONAL DEBT because the REAL economy would be perfectly reflected by the amount of promissory obligations in circulation. THE BANKS STEAL OUR OWN PROMISSORY NOTES AND REPRESENT THEM AS THEIRS. DOING SO, THEY THEN CHARGE INTEREST AND THAT INTEREST DOES NOT EXIST IN THE REAL ECONOMY THEREFORE IT CAN NEVER EVER BE PAID OFF!

Implement MPE and ACR and cashless is NOT a problem. Without it, you have absolute tyranny.

Do we need a national or federal debt? Just ask Ben Bernanke:

 

But Gresham, and the Professor here, will never talk about this. The City of London and all the “Worshipful” would crucify them if they did.

David Icke: SOLD TO THE HIGHEST BUDDHA!

Posted in Finance, Uncategorized by earthling on October 31, 2013

PLEASE UNDERSTAND THIS CAN VERY EASILY BE DONE.

THERE IS NOTHING AT ALL STOPPING THIS HAPPENING.

BE AWAKE, BE VERY AWAKE!

Could Icke have sold out to the dark side? Could the very “reptilians” who possess the personalities he speak of possess him? Is that so hard to believe? Well let’s see….

Icke's possession

David Icke: Sold to the highest Buddha!

YOU NEED TO UNDERSTAND HOW THE LEGAL SYSTEM WORKS AS APPLIED TO COMPANIES: THEY ARE SEPARATE AND DISTINCT LEGAL PERSONS!

DAVID ICKE ALREADY HAS A CAPTIVE AUDIENCE AND, THROUGH “THE PEOPLE’S VOICE” HE INTENDS TO CAPTURE TENS TO HUNDREDS OF THOUSANDS MORE. PERHAPS MILLIONS. NOW IMAGINE WHAT A LIZARD COULD BE WHISPERING SOFTLY IN HIS EAR REGARDING HIM HAVING A BROADCAST NETWORK ALL TO HIMSELF AND PAID (HE WOULD HAVE YOU BELIEVE) ENTIRELY BY YOUR DONATIONS. A BROADCAST NETWORK WHICH IS ENTIRELY SEPARATE FROM “DAVID ICKE BOOKS LTD” WHILE THE LEGAL SYSTEM, AS IT CURRENTLY FUNCTIONS, SEES “DAVID ICKE BOOKS LTD” AS AN ENTIRELY SEPARATE “LEGAL PERSON” FROM “THE PEOPLE’S VOICE”.

Let’s start this little journey into David Icke’s “Twilight Zone” by first taking a close look at the BBC and how they do things. You will see why… promise! 🙂

Have you ever heard of “BBC Enterprises”? It started life as such but is now known as “BBC Worldwide”.

BBC Enterprises

BBC Enterprises was set up as a “mechandising arm” of the BBC. Essentially, it would take BBC content and product (for product think Tellitubbies for example, licensed to any and all sorts of manufacturers to produce Teletubbies merchandise) and sell it. Nothing wrong with that on the face of it right? But just give it a little more thought as to what is going on here. Let’s say there are 20 million homes in the UK all paying a TV licence (which goes to the BBC because the BBC “DOES NOT ADVERTISE”). 20 million homes x £145 = £2.9Billion. We (if you pay a licence) are funding the BBC Corporation per year to the sum of approximately £2.9Billion. The BBC then provides (poor and propagandised) content to us while the quality of shows and drama etc has just dropped dramatically over the years and more and more repeats (funded decades ago in some cases) are provided. If it was not for our funding of it, the BBC would not exist but, more to the point, BBC Enterprises (BBC Worldwide) would not exist. The latter sells content and product worldwide, and to us ourselves, which has been funded by us. It is like its own virtuous circle: It promotes content to us by way of the BBC broadcasting shows, characters etc (which we fund) and then BBC Worldwide sells us those same shows and characters and generates over £1billion in revenues and a healthy profit which is paid back to the BBC Broadcasting company. No, the BBC does not advertise!! It advertises every single day its own content and product (again funded by us) and has its merchandising arm sell us the content we have funded.

As an example:

BBC Enterprises2

There are 34 pages of 500 titles each page which the BBC sells to us and which they never would have been able to create without our money funding them. Essentially, we are buying our own creations. Strangely, this is exactly how the entire world works when you step back (as Icke would say but he won’t like it being done in this instance) and view it again. It is so clear. As an aside, let me give you another couple of examples of how we buy our own funded creations. Recognising all of this may shock you if you haven’t thought of it before.

1. Energy

We build national grids and offshore rigs (oil, gas, wind farms etc) and we work extracting the resources to provide ourselves with our energy requirements. We are paid, of course, to do so but we are also taxed. Meanwhile, the entire energy grid and the natural resources are owned by people who have never picked up a spade in their lives. It is suggested by these same people that it is all in public ownership and that we benefit from the income generated which is, in part, given to the treasury. But what does the treasury do with that money? It pays toward the national debt (interest on money borrowed by the nation where, globally, the only way of paying the interest is by borrowing more money from the same source which increases the debt further but is indebting the future generations). The real owners of all the resources and energy is, in the case of the UK, the Crown. I have blogged about this many times now. The Crown then licenses corporations to extract the resources (and we work for the corporations – we ARE the corporations) and the corporations (legal person entities) make a profit. This profit then being distributed among shareholders – the major shareholders being? You guessed it – the Crown and those individuals within it who have never done a real day’s work in their lives. These people then sell our resources to us which we have extracted for them and keep increasing prices on us while our salaries do not ever keep in line with the increases. We effectively build and generate our own energy and then pay for it. It is incredible what we will do and never question. We just seem unable to figure out the most simplest of cons.

2. Mortgages and housing

We build homes for ourselves. Yes we do. Builders, craftsmen, electricians, plumbers and all the other skills which go into building a home. We then take a mortgage from a bank (such a loan being unnecessary because it is we who create the money for the banks in the first place but that’s been covered numerous times now) by way of signing a promissory obligation which creates the money for the bank who then lend us our own money/value which we have to pay back (again with interest which, globally, is non existent. To pay it back we then have to “win” the race or the game of finding money from someone else). But, nevertheless, it is us, generally speaking, who build our homes. Let’s forget that the land we build upon is, once again, owned by land owners – a major landowner being the Crown – so we never truly own our homes, we simply rent them. If we owned our property we would have every right to do as we wished with it without planning approval. So we buy (and pay interest on) the very homes we build but we go a step further than that. The banks (and it is us once more that keep these legal persons called banks operating while they use our own money to indebt us with) then take the value of our properties (the promissory note we have signed to bring the money into existence for them) and sell them on. Who do they sell the values of our properties to? To you and I. How? They sell them to pension funds and the general market. Who do these pension funds etc invest for? For us! So we are buying our own properties once more. The banks then crash the property market making our properties worth far less and the derivatives sold on in the market worthless so our pensions are worthless. But what have they done in the meantime? Well, it is they who create the market conditions and it is they who then, with that insider knowledge, invest in shorting the property and derivative markets so that, as it falls, they have bet ON it falling and the money goes directly to them. How stupid is the human race?

And yet, David Icke proclaims “Human Race get off your knees” while he, as I am about to demonstrate to you, uses the exact same methods to create wealth for himself and his trusted little team.

Back to the BBC…..

Have a look at this:

BBC Worldwide

So, as I said, a revenue of over £1billion and profit of £156M returned to the BBC. ALL of it generated from coercion of you having to pay for a licence which funds the corporation and allows its shareholders to generate massive income for themselves and the various BBC employees who you look to as “celebrities” and people worthy of your praise and hero worship.

A “public service mission” which then pays profits to shareholders. It commercialises but it doesn’t “advertise”! haha What an incredible doublespeak that is.

BBC Worldwide 2

“BBC Advertising sells advertising…….”

“Be commercially efficient” – Indeed.

And oh look: “… highest standard of ethics…” etc. It’s amazing what you can state on paper or promote to your audience while keeping a straight face. It’s called “Sales” in essence and, personally, I’ve been in this arena for decades. I like to think, however, I DID have ethics in my approach – at least as far as I could afford to have them. But I know that, at the top, ethics DO NOT exist. They are merely words. I expected (naively) that “The People’s Voice” and David Icke would be different. I can assure you there is zero difference and you only have to have that “open mind” David speaks of and look at how he is doing what he is doing to recognise how you are getting screwed in precisely the same manner. Promoting yourself as ethical is such a crowd pleaser isn’t it? Getting the crowd to “buy in” to the promotion of a person or concept is especially easy when you are promoting what you know the market wants (and that’s ALL you are to David Icke – a market to tap into). Look how Tony Blair was promoted in 1997 and the landslide victory he had. People will buy anything if it’s promoted just right. In a war you are taught to know your adversary. In sales, you are taught to know your target market. You know how to press their buttons and you’ve got them just where you want them.

BBC Worldwide 3

Ok, on to David Icke in earnest.

What we have here is “David Icke Books Ltd”. (now one could theorise about the figures you see here but there’s no real point in doing that. You’d have to have access to his accounts to understand fully what is going on there so I’d rather not theorise on it).

David Icke books Ltd

This how David Icke makes his money. By selling his books (and his talks etc).

Then along comes another, entirely separate legal entity called “The People’s Voice”. BOTH companies, however, run by David Icke. He is a Director in both. Gareth, his son, is also a Director of “David Icke books Ltd” while Sean Tabatabai is a Director of “The People’s Voice”.

David likes to sell books doesn’t he?

Have you ever heard of “Transfer Pricing”? Well, once upon a time, I worked for a well known multinational telecommunications company who were at the top of their game, during which, I was involved in Business Management globally. Transfer pricing is all about the creation of profit by one division or subsidiary of the multinational company selling its product to another division or subsidiary of the same company. Transfer pricing can then be manipulated in whichever way is preferred by the divisions and the overall corporation to ensure that, on transfer from one division in one country (say the UK) to another division in another country (say the USA), the most “appropriate” pricing can ensure minimal tax being paid by the organisation as a whole.

Have a look at this:

Transfer pricing

Now, don’t go off on a tangent here and say I’m suggesting David Icke is money laundering or terrorist financing. No, no ,no. What I am saying is that “Transfer pricing” is a perfectly LEGAL and accepted way of doing business and YET, it is through such practice that such things can be, and are, achieved. Now, I’m not even suggesting transfer pricing by David Icke because transfer pricing is used between subsidiaries of the same company. “David Icke Books Ltd” and TPV are not subsidiaries of the same company. So what AM I getting at then?

“Hey, I have an awesome idea!”

“What’s that?”

“Well, I write books and I publish them. I was thinking how I could create an ever larger captive market for them and even have my own broadcasting station to promote my work. A broadcasting station which has global reach, will appeal to an even broader audience because it will broadcast everything from news and current affairs to music and art etc.”

“Yes but where will you source all the content and at what cost?”

“From the people themselves who will not only be desperate to have their voices and their art and music broadcast but who will provide their content for free.”

“Great idea but what about the investment that is needed to create this broadcasting network and keep it on air? It’s a shitload of money that’s needed for that Dave! Are you going to invest that £25K cash you have in “David Icke Books Ltd” and/or liquidise the assets of over £200K you have to fund it?”

“No no no. It will ALSO be funded by the people. I’ll do a donation drive through Indiegogo. I’m not going to spend my own money! This is not “David Icke’s Voice”, I’ll promote it as “The people’s Voice” – THEY can fund it! Although I won’t mention the obviously needed further funding coming from somewhere otherwise people will start asking questions. I mean most of the idiots out there haven’t a scooby regarding the real cost of funding a project like this and they won’t care. They’ll believe every word I say. I give them truth remember and I point fingers at corruption so how could they possibly consider me to be sucking them dry?”

“Oh man, you’re a genius! They pay for it, they provide the content free and they end up buying the content that you produce. Your very own multi-media empire spitting out your propaganda. But where does “David Icke books Ltd” come into the equation?”

“Oh come on man! It’s simple. Get with the programme! “The People’s Voice” is going to have me introducing movies, giving talks, promoting myself and the station as a whole right? So then I will also be promoting my books won’t I? Just exactly the same proven format adopted by BBC Enterprises or BBC Worldwide. Of course, I’m not getting paid by TPV – it’s for the “love of humanity” you understand. It just so happens that I have all of these books – a whole back catalogue of them too – which would then be promoted and sold through TPV as a “public service”. After all, TPV is all about truth so, to have an expense attributed to TPV for buying my “truth books” is entirely rational isn’t it? And justifiable.”

“Hey but that doesn’t make sense David! How can you profit from yourself buying from yourself?”

“Man, what is it you don’t understand about what I have just said. I’M not investing in TPV. It’s not MY money. So when TPV decides to buy “David Icke books Ltd” product for stock and then sell it to the public (who have funded TPV), it’s THEIR money, not mine, which is buying the books. TPV is an entirely separate legal entity from “David Icke Books Ltd” and so they buy, perhaps 1000 at a time? That generates profit for “David icke Books Ltd” and a rather substantial income for me. Whatever TPV then sell of those book numbers are bought by the very audience which has already bought them FOR TPV through their funding of TPV!”

“Oh Jesus Christ David, you truly are the messiah! Only he could come up with a scheme like that! It’s brilliant!”

This is how it works. VERY simple and VERY legal. Moral? That’s for you to decide….

TPV book sales

“IMAGINE FINDING A PLACE TO ADVERTISE WHERE THE BROADCASTER ENDORSES YOUR BUSINESS. HAS AN AUDIENCE THAT IS LOOKING FOR EXACTLY THE KIND OF PRODUCTS YOU PROVIDE AND RUNS PROGRAMMING THAT HIGHLIGHTS THE BENEFITS OF THOSE PRODUCTS AND SERVICES.”

Stated out in the open, right under your nose! Furthermore, the legal person and company named “David Icke Books Ltd” does not, unlike all other potential advertisers and sponsors, have to pay a solitary cent for its advertising on TPV. IT IS ABSOLUTELY BRILLIANT! David, I seriously do tip my hat to you!

DI books

So let’s analyse just exactly how this works:

David Icke sets up a company/broadcasting network which will advertise and promote everything David Icke related. This company, called TPV, does not receive a cent’s worth of his own money but he generates that money through donations from the public. He creates for himself FREE MONEY (JUST EXACTLY like the banks). He doesn’t even pay a cent of interest on it. There is absolutely no risk for him whatsoever. Not a penny. This new company, “TPV” will then buy assets with that money (for example, a cost to the business can be anything from buying the equipment to buying PROPERTY (YES PROPERTY). The property purchases can “justifiably” be stated as required to house certain members of the team who have travelled from different parts of the UK and world to relocate. Those members then, perhaps, pay rent of one form or another, to TPV the company which then pays off mortgages TPV may have taken out. This is all totally and utterly legal.

TPV then pays salaries to the core team of TPV while David Icke works “for free”. All of the investments TPV makes, with YOUR money, then become valuable assets to TPV and, at any point in the future – near or far future – those assets can and will be sold. Property is a very valuable asset and while you will have funded TPV’s purchase of such, when it comes to selling the asset and liquidising it into cash, who gets it? Even if that is 20 or 30 years in the future.

Meanwhile, there is an entirely separate company to TPV called “David Icke Books Ltd”. The latter is solely interested in selling David Icke’s books (would you believe?). TPV then turn to “David Icke books Ltd” and say “Hello David, we would be interested in stocking your books and selling them worldwide.” David turns to TPV (perhaps he speaks to one of it’s Directors and does a deal – he could, for instance, speak with….David Icke) and says “Sure. Sounds good. What about taking 1000 books per month as a stock and selling them on? At a retail price of about £25 each that would be an income to David Icke books Ltd of £25,000 per month or £300,000 a year. I might even give you a discount David but really, in this case, it’s unnecessary. TPV is a not for profit concern so if you buy at £25 and sell at £25 then there’s no profit right? No problem!” And David Icke, on behalf of TPV says “Sure, sounds good to me but what happens if we don’t sell that number per month?”. “No problem…” says David Icke of “David Icke Books Ltd”, “..you can just burn the excess for all I care. Take it as a loss and I still get paid.” “Ah indeed you do David. I wish I was as smart as you!” says David Icke of TPV. “You are as smart as me David, you are me! We’re all one consciousness remember? Remember who you are David!”. Then David Icke, Director of TPV, says “But David, I don’t like wasting all that money and losing it. You wouldn’t like to lose money would you?” and David Icke of “David Icke Books Ltd” states the obvious: “But David, what are you talking about? You haven’t lost a cent because all that money you are buying the books with isn’t yours! It’s money donated by the public. You’re losing THEIR money and all that money is coming across to me at “David Icke Books Ltd”. Trust me David, I WILL share it with you!”.

Icke and Icke

 

 

 

The central equitable principle applicable to directors is to avoid any possibility of a conflict of interest.

The purpose of the no conflict rule is to ensure directors carry out their tasks like it was their own interest at stake. Beyond corporate opportunities, the law requires directors accept no benefits from third parties under section 176, and also has specific regulation of transactions by a company with another party in which directors have an interest. Under section 177, when directors are on both sides of a proposed contract, for example where a person owns a business selling iron chairs to the company in which he is a director,[110] it is a default requirement that they disclose the interest to the board, so that disinterested directors may approve the deal. The company’s articles could heighten the requirement, say, to shareholder approval. If such a self dealing transaction has already taken place, directors still have a duty to disclose their interest and failure to do so is a criminal offence, subject to a £5000 fine. While such regulation through disclosure hovers with a relatively light touch, self dealing rules become more onerous as transactions become more significant. Shareholder approval is requisite for specific transactions with directors, or connected persons, when the sum of money either exceeds 10% of the company and is over £5000, or is over £100,000 in a company of any size. Further detailed provisions govern loaning money.  On the question of director remuneration where the conflict of interest appears most serious, however, regulation is again relatively light. Directors pay themselves by default, but in large listed companies have pay set by a remuneration committee of directors. Under section 439, shareholders may cast a vote on remuneration but this “say on pay“, as yet, is not binding.

Finally, under section 172 directors must “promote the success of the company”. This somewhat nebulous provision created significant debate during its passage through Parliament, since it goes on to prescribe that decisions should be taken in the interests of members, with regard to long term consequences, the need to act fairly between members, and a range of other “stakeholders“, such as employees, suppliers, the environment, the general community, and creditors. Many groups objected to this “enlightened shareholder value” model, which in form elevated the interests of members, who are invariably shareholders, above other stakeholders. However, the duty is particularly difficult to sue upon since it is only a duty for a director to do what she or “he considers, in good faith, would be most likely to promote the success of the company”. Proof of subjective bad faith toward any group being difficult, directors have the discretion to balance all competing interests, even if to the short term detriment of shareholders in a particular instance. There is also a duty under section 173 to exercise independent judgment and the duty of care in section 174 applies to the decision making process of a director having regard to the factors listed in section 172, so it remains theoretically possible to challenge a decision if made without any rational basis. Only registered shareholders, not other stakeholders without being members of the general meeting, have standing to claim any breach of the provision. But section 172’s criteria are useful as an aspirational standard because in the annual Director’s Report companies must explain how they have complied with their duties to stakeholders. Also, the idea of whether a company’s success will be promoted is central when a court determines whether a derivative claim should proceed in the course of corporate litigation.

http://en.wikipedia.org/wiki/United_Kingdom_company_law

In short, if you can’t be arsed reading the above, there is recognition in law regarding the reality of doing precisely what a “reptilian possessed” David Icke is capable of doing and that the ethics are far more than suspect (because it is obvious what is happening) but, given the TPV and “David Icke Books Ltd” set up and the fact there are only two shareholders of each, all very happy with how things turn out, then the reptilian possessed Icke would get away scot free. 🙂

And all Ickeans will say is “Well he’s got to make a living!” Sure he does and he is doing so very well from your money you stupid, naive, gullible prat!

Now, TPV may WELL be a “Not for profit” enterprise or it may not. I have no evidence of either. IS it registered as a charity? Or as a “Not for profit”? There is absolutely no evidence of that but it matters not one iota! “David Icke books Ltd” is a FOR PROFIT enterprise which can entirely legally sell its books to a “Not for profit” enterprise. The two separate legal entities can conduct business with one another. The “Not for profit” taking on an expense and the “For profit” making…. well…. a very healthy profit!

There is so much more to this and the capabilities of TPV to create a vehicle for, and take all the cost for, setting up Gareth Icke with his own little music business but I could go on forever demonstrating how all this can be done and what can be done.

 PLEASE UNDERSTAND HOWEVER THAT THE FOREGOING ONLY CONSIDERS WHAT IS POSSIBLE AND LEGAL AND PROBABLE IF DAVID ICKE WAS POSSESSED BY A REPTILIAN. IT DOES NOT SUGGEST THAT DAVID ICKE, THE FINE UPSTANDING TURTH GURU WHO EXPOSES CORRUPTION, WOULD RESORT TO SUCH PRACTICE (EVEN THOUGH THE DONATIONS PROVIDING HIM WITH ABSOLUTELY FREE MONEY AND THE ABILITY TO BUY ASSETS OF VARIOUS KINDS THEN SELL AT A LATER DATE MAKING A HANDSOME PROFIT PLUS THE VERY FACT THAT DAVID ICKE IS PROMOTING DAVID ICKE ON TPV, FUNDED BY YOU, IS ALL INESCAPABLE FACT).

In the UK, many nonprofit companies are incorporated as a company limited by guarantee. This means that the company does not have shares or shareholders, but it has the benefits of corporate status. This includes limited liability for its members and being able to enter into contracts and purchase property in its own name. The goals (“objects”) of the company are defined in the Memorandum of Association when the company is formed. The profits of the company (also referred to as the trading surplus) must be invested in achieving these goals and not distributed to the company’s members.

http://business.fiu.edu/newsletters/BusinessNetworks/2008/07/business_insight.cfm

I don’t have any time for this guy and his promoter, Jones, either but this speaks volumes nonetheless.

Meanwhile, check this out. EXACTLY the same wording except for one obvious element:

Here is the ad on Facebook for anyone who’s a musician and wishes to “come long” to the TPV studio to be part of a launch film for “The Banned” music programme hosted by Gareth Icke.

Banned FB

Now, here is the exact same wording for the ad which appears on a specific website for musicians/student musicians:

Banned ACM

Spot the difference? 🙂

THEY REALLY DO HOPE YOU WILL COME OF COURSE. Let’s ignore that, once more, they are advertising for a certain type of person, a certain look, a certain attitude (that THEY like of course) – what happened to “The People’s Voice”? They are very choosy of what sorts of people and look and attitude they attract for it to be solely for “the people”. People come in all shapes, sizes, ages, attitudes, types but they want CERTAIN SPECIFIC TYPES to promote a certain specific type of network/channel/”hip” (in their view). It’s kinda like turning up at the nightclub but the bouncer turning you away because they want to attract a certain crowd. But let’s forget all that.

Noticed it yet?

Well, in the Facebook “shout out” they have “Sadly, there’s no fee for turning up, but we’ll provide some food, some drinks!” – But that’s for the general dumb populace who are just avid fans of anything and everything Icke does. That’s why they’re on his Facebook page after all.

The ACM one (not an Icke page then but Icke wants to attract the muso’s and cool student types): “Sadly, there’s no fee for turning up, but we’ll provide some food, some drinks and we can cover basic travel expenses.”

Hahahaha. So they finally considered travel expenses as being important to cover – just not for volunteers giving their energy and time constantly but for those who the station are desperate to attract.

Good on ya Deanna. You certainly have your priorities sorted!

“We pay for what might be a bit more difficult to attract however serious fans are already captured so fuck them!” LOL

SO BLATANT MAN!

One last thing: “It’s raunchy, decadent…… people who look like they know how to party”

Let’s consider what decadent means.

decadent
ˈdɛkəd(ə)nt/
adjective
  1. 1.
    characterized by or reflecting a state of moral or cultural decline.
    “a decaying, decadent Britain”
noun
1.
a person who is luxuriously self-indulgent.
“for half a million dollars, he offers rich decadents the chance to lead a deadly safari”

Now, doesn’t that remind you of exactly what you would consider the “elite” (that is, in Icke’s language, “the reptilians”) are into and want from the world? Moral and cultural decline – for example, pedophilia. What a strange irony in so many ways Icke is displaying.

BUT IT WOULD APPEAR THAT HIS FOLLOWERS HAPPILY HAVE: THEIR EYES WIDE SHUT!

British House of Lords: Stunning speeches!

Posted in Finance by earthling on April 6, 2011

Then expelled from the House! What a coincidence!

Sudeley was an active member of the House of Lords for thirty nine years (since he was 21, the minimum age one can take one’s seat), introducing several measures, most notably the Bill to prevent the unlicensed export of historical manuscripts. He was one of the hereditary peers expelled from the Upper House by the House of Lords Act 1999. He spoke out against the reform of the Lords, saying: “If it isn’t broken why mend it?”, and also that since he believed inherited titles were “inextricably” tied to the monarchy that it was “odd that they just want to touch one institution and not the other”. He also cited the wealth of experience that the Lords had built up.

Dear Lord Sudeley, you may now recognise that it was your speeches below which ensured your expulsion from the Lords.

You peers were getting in the way of “business”. The usury of the jewish/zionist/Rothschild cabal was and is something you dare not attack – whether or not you saw it as such and simply, in ignorance (which I doubt) thought was simply a banking institution “anomaly”. You had stumbled across the criminality inherent within the system.

By the way, I like your 100% valid point about it being “odd that they just want to touch one institution and not the other”. Has it still not clicked that your beloved monarchy are simply the sitting “CEO” of the Office of monarchy and are entirely corrupt? It doesn’t yet resonate with you that it is the monarchy and the City of London (the “Crown”) who call the shots and they were fired at you?

To those who THINK all this talk of the fraud of FRACTIONAL RESERVE BANKING is just some form of “Conspiracy theory” due to your own ignorance in the study of it…..

Think again!

This is not 50 or 100 years ago. This is now (well 1998/99 big deal). And it is STILL being ignored!

The House of Lords:

2nd November 1998 –

Lord SudeleyMy Lords, to what extent does the Minister recognise the problem of fractional reserve banking in this situation whereby banks lend out more than they have in the proportion of 10:1 of the reality? That situation would not exist if, as happened under the old thinking, banks were forbidden to lend money without taking a share of the risk.

§Lord McIntosh of HaringeyMy Lords, the noble Lord is surprisingly modest. Many hedge funds, such as long-term capital management, lend out far more than a multiple of 10 of their reserves. It is a very real problem, which is referred to in detail in the Statement. We have to balance the risks, as do the investors concerned, of lending, investing or gambling, if you like, beyond the available reserves, against the undoubted benefits to the global economy of wider credit which have arisen over recent decades. It is a difficult balance to sustain.

§Lord GrenfellMy Lords, first, does my noble friend agree that although one welcomes the idea of precautionary credit lines, that idea is still far from being properly thought through? What happens if a country is accorded a credit line on the strength of good policy and those policies deteriorate after the credit line has been started? That would put the IMF in an extraordinarily difficult situation. I would not like to be in its place and to have to decide whether or not to withdraw the line of credit.

Secondly, I am not sure whether I heard an answer to the question from the noble Lord, Lord Higgins, about the role of the World Bank and the new facility. I thought that we were trying to get away from the idea of having the World Bank issue liquidity and were trying to get it to maintain its position as a development financing agency. There seems to have been a change of heart.

§Lord McIntosh of HaringeyMy Lords, perhaps I may answer my noble friend’s second question first. If I gave any suggestion in an answer that we were proposing a change in the role of the World Bank, I did so mistakenly. I do not think that I did so. There have been questions on that point, but I was not conscious of indicating that we expected the World Bank to develop its role in that direction. I think that I gave the same answer when we debated the European Central Bank.

With regard to lines of credit, I do not underestimate the difficulty of dealing with a country which changes its policies once a line of credit is available. The very fact that lines of credit will be followed up by further financing and that that further financing is contingent on continuing with policies which will have to be satisfactory to the IMF is some satisfaction against the kind of dangers that my noble friend fears.

26th January 1999 –

Lord Sudeley

My Lords, the proper way to tackle the question of this debate would be the eradication of usury in its old sense of lending money without taking a share of the risk. However, instead of that, we really need to go back to the Moslem system of banks entering into business partnerships. The case against usury has been well represented by the Christian Council of Monetary Justice, meetings of which in the other place are chaired by the honourable Member for Great Grimsby and also by the Federation of Small Businesses. I am very conscious about how many parliamentarians shy away from opposition to usury because it is so embedded in our system. So this evening I shall ask for less.

The parties which are exceptionally informative on the subject of this debate would, I believe, be the Independent Banking Advisory Service, the Bankruptcy Association, the Federation of Small Businesses and two academics, Prem Sikka and Professor Christer of the University of Salford. In considering the problem posed by the debate we need to be mindful of the view of the Independent Banking Advisory Service that 30 per cent. of business failures would not have occurred during the last recession if banks had not been in a hurry to get their money back. The Bank of England’s quarterly report on small business statistics dated December 1998 reflects the fact that business failures rose by more than 6.2 per cent. last year. We also need to have regard to the lack of sufficient bank regulation. The ombudsman is concerned only with small cases and the Financial Services Authority will not comment on individual cases.

The report in the Daily Mail on 20th January headed, “Beware On Demand Bank Loans” was largely concerned with the case of Lloyd’s Bank versus Heritage Plc—distributing household wares to major superstores—in which the courts upheld that “on demand” means immediate repayment. Here lies the problem. The British Bankers Association is not collecting information about on demand loans in the belief that they are rare. On the contrary, the Independent Banking Advisory Service finds that the number of such loans is growing.

942In repaying a loan it is crucial that a debtor should have sufficient time so that his assets can be sold at a comfortable pace to fetch their proper value. Otherwise, the assets go for a decimated value. The proper role of the investigatory accountant, therefore, is to ensure that that should not happen. He should be acting as a debtor’s physician and not as his mortician.

Why is that not happening? It is because of the conflict of interest with which this debate is concerned where the investigatory accountant is appointed a receiver and so has a vested interest from the initial investigation, thereby knowing the lucrative fee income available. There is also the problem and foul practice of collusion with outside parties waiting in the wings to acquire the debtor’s assets at under-value. Hard though it may be to prove collusion, the opportunity is there. I hope, therefore, that Parliament will be sufficiently sagacious to judge that it is.

In conclusion, this debate is concerned with the questionable methods by which banks pursue many small debtors who would otherwise survive. But which party is chiefly in debt? Obviously the banks themselves, with a fraction in reserve, lending fraudulently way beyond their resources. I thought that the proportion was 10:1 but, when repeating the Statement on international finance on 2nd November, I was delighted to hear the noble Lord, Lord McIntosh, inform the House that, with hedge funding, that proportion is much higher.

4th November 1999 –

Lord SudeleyMy Lords, there are three submissions in this report opposed to usury in its old sense of “lending money at no risk”. Drawing on those submissions and on other sources—there is a large literature on the subject—perhaps I may paint with a broad brush what is wrong with usury and the banks creating money out of nothing, and what we should do about it.

There is no doubt that banks should not finance business enterprises with loans where they charge interest. Instead, they should enter into partnership agreements, where, as in Islamic banking, the business risk is shared equally between entrepreneurs and financiers.

The use of bank credit consists—as I shall explain in a moment—not only of loans but of the creation of additional money. Money is cut loose from the real economy where goods and services are exchanged. Treated in that way as a commodity, money loses its value and stability as a medium of exchange. Money should therefore be a record of transactions for real goods and services. The fact that the medium-of exchange function of money is not adequately met is indicated by the growing emergence of local, LETS, private, Air Miles, and barter trade credit currencies.

How has money been cut loose from the real economy where goods and services are exchanged? The ancestors of the present banking industry in Tudor times were the goldsmiths, who realised that not all the gold plate and bullion deposited with them would be withdrawn at the same time. They therefore invented the audacious and fraudulent trick of issuing promissory notes, which are the origin of our present bank notes, to represent an excess of what they really had.

That policy of lending out more than one has was continued by the banks with their system of fractional reserve, sometimes given as a proportion of 10 to one, but hedge funding is really far higher. We see that at two levels: national and private debt. The mechanism of national debt is quite simple. It involved the assumption of debt by the Government to obtain additional revenue to cover annual shortfall in taxation. Therefore, to pay for the war against Louis XIV, the Bank of England was chartered in 1694 and started out in the business of lending out several times over the money that it held in reserves, all at interest.

Such lending at a prudent rate took a quantum leap with World War I. It was extended further to pay for World War II, and in the United States of America it took an even greater quantum leap to pay for the Vietnam War. Therefore, by 1971, it became unbridgeable, and at a rate of growth beyond control. President Nixon had no choice but to cancel the right of the Government to exchange dollars for gold, which removed the gap altogether.

The level of private debt escalated in a similar fashion. During the 10 years from 1980, consumer debt rose from £11 billion to £43 billion, while mortgage borrowing increased more than five-fold.

1069What are the bad effects of all this? There is no doubt that usury intensifies business cycles. Bank lending enabled share prices to rise to unsustainable levels in 1929; the Depression followed. Over-availability of credit caused a massive increase in house prices, followed by a dramatic fall in the late 1980s and early 1990s. In recession, interest acts as a fixed cost outside the company’s control, unlike share dividends. The higher its debt-equity ratio, the worse are the implications.

The basic cause of inflation, then, must be the banks’ use of fractional reserve in lending out more than they have. To reduce inflation, governments put up interest rates, which increases the profits made by the banks and encourages them to lend out more. Meanwhile, the high interest rates lead to a decline of economic activity because they increase production costs.

What is the way to curb the evils of usury which I have just described? The only way in particular to stop inflation is to stop banks from creating credit. The supply of money should be removed from banks and should be assumed by governments, who should issue it on a debt-free basis. Such a view is supported by five disparate quarters: the noble Lord, Lord Beswick, in the debate which he introduced to this House in 1985, Disraeli, the Vatican under Pope Pius XI in his Encyclical Quadragesimo Anno in 1931, the Tsars of Russia in the last century, who prevented the setting up of a privately owned central bank, and, above all, Abraham Lincoln, who said that governments should create, issue, and circulate all currency and credits needed to satisfy the spending power of governments and the buying power of consumers.

By adopting those principles, the taxpayer would be saved immense sums of interest. Lincoln’s greenbacks were generally popular, and their existence let the genie out of the bottle with the public becoming accustomed to government-issued, debt-free money. The year after Lincoln’s assassination, Congress set to work at the bidding of the European central banking interests to retire the greenbacks from circulation and to ensure the reinstitution of a privately owned central bank under the usurers’ control.

During the history of the United States, the money power has gone back and forth between Congress and some privately owned central bank. The American people fought off four privately owned central banks before succumbing to a fifth privately owned central bank, at that time essential, owing to the period of weakness during the Civil War.

The founding fathers of the United States knew the evils of a privately owned central bank. They had seen how the Bank of England ran up the British national debt to such an extent that Parliament was forced to place unfair taxes on the American colonies, leading to their loss following, the American Revolution.

I now conclude. Once the fundamental decision is taken to prevent sterling from being debt-based, the Commonwealth could act as the right monetary union to use sterling debt-free as a genuine alternative to the dollar and the euro.

1070

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However, Sudeley did not have it 100% correct. The issuance of money should not be in the hands of either baks OR the government. It should (and can) be in YOUR hands – the people. It is, after all, ALL of our promissory obligations which create the money for banks in the first place. This is more fully explained elsewhere in my blogs.