Difference between revisions of "911:Global banking"

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But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness. 1 Timothy 6:9-11

Intro

Bancor

Bancor is the name of the supranational currency that John Maynard Keynes was conceptualising in the years 1940-42

  • Reserve Accumulation and International Monetary Stability
    • Chapter 48 "A sui generis Global Currency"
      • From SDR to bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries. A more ambitious reform option would be to build on the previous ideas and develop, over time, a global currency. Called, for example, bancor in honor of Keynes, such a currency could be used as a medium of exchange—an “outside money” in contrast to the SDR which remains an “inside money”.

Bank Mergers

Economics

  • To use this method of airframe shock testing in economic engineering, the prices of commodities are shocked, and the public consumer reaction is monitored. The resulting echoes of the economic shock are interpreted theoretically by computers and the psycho-economic structure of the economy is thus discovered. It is by this process that partial differential and difference matrices are discovered that define the family household and make possible its evaluation as an economic industry (dissipative consumer structure). Then the response of the household to future shocks can be predicted and manipulated, and society becomes a well-regulated animal with its reins under the control of a sophisticated computer-regulated social energy bookkeeping system. [2]
  • Investment banker Damon Vickers suggests in his book, The Day After the Dollar Crashes, that the international bankers are working to lead the world into bankruptcy, then use this crisis to set up a New World Order world government with a one-world currency controlled by the International Monetary Fund. This would not be good for the people, and the countries of the world would have to give up their sovereignty to the world government. Damon suggests that if the people do not like this solution, then we must do something about it. So I am urging the people: Please contact your congressional representatives and make your wishes known. If they hear only from the bankers, they probably will do what the bankers want: A world government with a world currency. [3]

Links

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