Nemesis Answers Her Own Question To Jose Canseco
In a prior blog post, Nemesis pointed out that Jose Canseco recently lost his expensive home when the banksters foreclosed on his $2.5 million mortgage. And Nemesis put out this question for Jose to consider (assuming he still has a working brain after all those years of steroid use):
JOSE-- WHERE DID THE BANKSTERS GET THE MONEY THEY LOANED TO YOU (AT INTEREST)?
This is the single most important question of the times we live in. Yet this question is never discussed in the media; never analyzed; and never understood by the plundered people of America. Nemesis is highly confident that even the mainstream boobs and charlatans we see on TV are no more knowledgeable than the average man/woman in the street about how the banksters get their money. IT'S THE GREAT BANKSTER SECRET. But here's the good news. As the bankster system collapses, more and more people will learn the truth every day. And when people learn the truth, the banksters will run away and hide forever. Because the plundered people will have come to know that our modern day (worldwide) banksters are the biggest scammers in all of recorded history.
So Nemesis will do her part to aid in the learning process. The goddess will answer her own question for poor, suffering Jose. Here's what Nemesis says:
THE BANKSTERS CREATED THIS MONEY OUT OF THIN AIR (FOR THEMSELVES) AT THE TIME THEY MADE THEIR LOAN TO JOSE. THERE WAS NO MONEY UNTIL THE BANKSTERS MADE IT APPEAR OUT OF NOTHING THROUGH THE MIRACLE OF A COMPUTER ENTRY. THE LOAN ITSELF WAS A MAGIC TRICK FROM THE START. THE BANKSTERS HAD BEEN COLLECTING INTEREST FROM JOSE ON AN ILLUSION, AND THEIR "FORECLOSURE" WAS SIMPLY ANOTHER STEP IN THE GIANT FRAUD KNOWN AS FRACTIONAL RESERVE BANKING.
Nemesis feels much better now that she has helped Jose understand what happened to him.
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For most banks, what your last statement said is VERY true. Even though the federal government prohibited them from investing in stocks, they can still 'overinvest' the money that they have deposited by their customers.
However, this is generally not the case for Credit Unions (98% of the time). If you take a look throughout the financial history of the banks vs. the CU's in our country you will see that when banks faltered, the CU's held strong. Now, when we look at this time of higher foreclosure rates, it is once again the banks whom are failing, and the CU's are shining, as they don't use the same practices as the banks.
While the CU's do use the same fiat money, they try to use as little 'borrowing' from the Fed as possible, because it does not bring in the best rates for the members.
To possibly help guide Jose in the future, try getting a loan through a CU. They will look at every aspect to ensure that you will be able to pay in a timely manner, that your not going above your head, excellent service, and people who TRULY care about your hard earned income.
While the CU's have not embraced the gold standard as right now it would be a complicated change, I believe in the long run, with a well devised plan, the CU's would be some of the first in line to help implement the change as it will help benefit their members financial security even more!
CU's are the future financial hope of our country.
Nemesis favors free market money. Credit unions, and other such institutions, offering a variety of financial instruments and forms of the commodity (money and credit) are indeed the way of the future. First, of course, we must break the monopoly stranglehold of the banksters by removing the legal tender laws and creating alternatives to the dollar. Then we'll talk some more about solutions. Nemesis
Nemesis, you have me thinking on this topic now, and I can't picture what exactly you mean by Free Market Money.
These are the ways that I am taking it,
1.) That people create their own currency based upon something (Gold, Silver, bronze, commodity, etc.), and that there are multiple currencies instead of just one for the nation, where the rates of these monies varies competitively such as it is now with the dollar vs. the Euro/Yen/Peso/etc.
2.) That states each have the right to create their own currencies. (This was stopped as part of our current constitution. The Articles of Confederation allowed each state to remain sovereign with their own money.)
3.) Some other concept that I really have not contemplated yet.
Nemesis, I can't figure out the goddesses true thoughts on this, I would love to know more about this system.
The Goddess says that money is a commodity, like anything else. So the problem is bankster/government monopoly control of money, which invariably leads to abuse (like we see today). Nemesis says repeal the legal tender law, so the dollar faces free market competition. Multiple currencies, credit arrangements, barter concepts, credit facilities would spring up everywhere as entrepreneurial spirit finds new and fertile ground. The power of the banksters and government monopolists is thereby broken, and over a period of time sound monies (free market monies) would squeeze out the hopelessly outclassed bankster/government dollars. Monopolists go bye bye, and Nemesis says good riddance. Nemesis
I must admit, it would be an interesting system. However, I fear that by diversifying money in this way, it would actually force companies to be less productive, and would further the gap between the rich and poor.
As I made reference earlier, the Thirteen original states under the Articles each had their own separate currency. Under the constitution, congress (Not the Federal Reserve) obtained the power to regulate the monetary system of the country. One unified currency makes transactions MUCH easier for everyday business.
Here is an example of what your proposing could happen. We'll use California, as it has a very diverse population. Let's say, that in Sacramento that you have 5 different money producers and the dollar. You currently have 20 of currency 4, which happens to be the most valuable. Yet most of the stores only use currency 2 and maybe the dollar as they are the most used. How would a store worker go about this? Currency rates change daily. While technology is advancing and could handle this, every-day business dealings would be strenuous. You can see this sometimes when trying to convert from the pound or Yen to the Dollar.
Nemisis, I am sorry, but I must disagree with you on this specific topic. I agree that there needs to be changes to our currency, such as the gold/silver standard, or equivalent. I think that it is interesting that most countries must be backed by three other currencies, yet the U.S. does not need to be held to that standard.
Overall, it is still an interesting idea. If you any other comments on how you picture the system working, I'd like to see it.
It hurts the goddess to see freedom people making the arguments of the monopolists/statists. Here our otherwise wise Steele says it's more efficient to have a single currency. But Steele, that's what statists/monopolists always say when they are trying to gain or hold control. It's their trap-- so they can then exploit their "efficient" control for their own benefit and self interest-- as we see every day with their disastrous money system. Trust the free market, wise Steele-- money is no different than any other commodity, and monopoly/statist control over money is every bit as bad as we see in any other government endeavor. Government/monopolist "efficiency" is a mirage in the desert. Nemesis
You know, this could end up being fun. I am attending college now studying our current accounting system. The motto for our college is "We prepare students to create the future." If we were to organize this system effectively to allow for some organized way for accounting, then it would be feasible. However, it needs to be planned, and done in slow steps. A complete overhaul of the system would create the symptoms that I've mentioned. However a strategic fix and phasing in parts would allow it to be feasible. Even if we were to start on this today with the support of the entire U.S., it wouldn't be possible to have done within 5 years.... more about 10.
Nemesis likes that wise Steele is studying our American accounting system. But Nemesis sees only four big accounting firms that control all the business. Could it be, wise Steele, that the profession you are studying is part of the problem; that the big 4 are merely courtiers and apologists to the ruling class; that they are not "independent" at all; and that a highly centralized accounting function (like we have today) needs fundamental change, not baby steps? "Independence" is supposedly the cornerstone of accounting-- but the big 4 are no more independent than the mainstream media entities, or our economics professors and pundits that are always spouting Keynesian nonsense. Centralized (monopoly) accounting "rules" are another ruling class control device, Nemesis thinks. Hmmm. . . what should we do about such things as a "big 4" accounting oligarchy? Free market accounting, anyone? Nemesis