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Forum Post: IMF's Epic Plan To Conjure Away Debt And Dethrone Bankers "One Could Eliminate The Net Public Debt Of The US At A Stroke"

Posted 2 years ago on Oct. 22, 2012, 3:17 p.m. EST by Renneye (4135)
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I found this in 'The Telegraph' today. I think it has been put out to gauge public opinion. Regardless, it needs to be hashed out, and I'm very interested to see what opinions exist on the forum.

I know that historically there have been debt jubilees. Still...it is odd to see something this extreme in the MSM.

http://www.telegraph.co.uk/finance/comment/9623863/IMFs-epic-plan-to-conjure-away-debt-and-dethrone-bankers.html

18 Comments

18 Comments


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[-] 6 points by beautifulworld (22211) 2 years ago

Great article, thanks! I won't pretend to understand any of this in depth, but it sure is interesting. One can only wonder what it is they don't want us to know.

[-] 5 points by Renneye (4135) 2 years ago

Lol! Thanks! I'm of the same thought. I'm having a hard time seeing that the obscenely greedy ruling elite, killing for nation building, killing for oil, would consider a debt annulment without getting something in return.

Like you, I don't know how this works...other than to know that this has been done from time to time throughout history, and seemingly at the whim of whoever is ruling.

That being said... if morality & ethics have finally combined with economics, and we don't have to lose our sovereignty or something equally cherished...hey, I'm all for it!

I'm hoping some of the economic minded people on the forum, can tell the rest of us what this all means.

[-] 4 points by beautifulworld (22211) 2 years ago

Right. Interesting that they can do this. Of course, they do not want the masses to know, and, how they were to do it would be a whole other matter.

[-] 2 points by richardkentgates (3269) from Fort Walton Beach, FL 2 years ago

You take a producer, a purchaser, then stick some guy in the middle who will provide the currency and that gets to charge a fee for you for providing the currency(paper), that is the Federal Reserve.

Further, the price of the product can be raised by the middleman, if the price isn't to the middleman's liking, he will lend money to the purchaser, thereby making money more plentiful and so the producer readily ups the price. After prices are to the middleman's liking, he stops lending for a period. Making the money more valuable again and his profits up with no change in the percentage he is allowed. When the lending slows, the purchaser must work harder to make money that no longer comes easily through credit. That is a cycle.

By removing the fed and taking control of inflation (prices) we can reduce the burden on purchasers, removing the bottleneck the fed places on the economy at the end of these cycles. Make no mistake, the fed controls inflationary policy and that means they control prices, directly.

The article is about getting rid of the Fed but also the entire framework of privatized central banking around the globe.

The history lesson was about the effect of middlemen on old cultures. I think Jesus called them "money changers", not in English of course.

Banks themselves cannot control prices and inflation because they do not control supply or any other factors of inflation with the exception of investment firms/banks as speculative trade has a tangible impact on prices even though it effects neither inventory or sales. Artificial demand.

[-] 2 points by DKAtoday (22348) from Coon Rapids, MN 2 years ago

That's funny that you would mention nation building - as tonight on the 4th debate nation building was addressed. And both candidates talked about spending some time and attention here at home - AFTER - saying we can not just kill our way to peace in other countries. It made me feel like they had read one of my letters where I said that we need to take care of the ills at home and then export economic aid ( not money - not arms ) to other countries. So that they could look at us and say they want us to do as they are doing - instead of like today when they ( foreign countries ) say they tell us do as I say not as I do.

[-] 5 points by Renneye (4135) 2 years ago

Geesh! They're so predictable. What BS. Its election time, so they make like they're going to reel in the violence to appeal to the voters that hate the giant octopus that is the US, creeping in over the Middle East at the end of the barrel of a gun.

It brings to mind a quote I like...

"In politics, nothing happens by accident. If it happened, you can bet it was planned that way."

U.S. President Franklin D. Roosevelt

[-] 3 points by DKAtoday (22348) from Coon Rapids, MN 2 years ago

Good quote - people ought to be paying attention - and perhaps they are beginning to - as witness OWS and all of the Occupy groups/protests around the world.

[-] 4 points by shadz66 (19985) 2 years ago

I generally detest the UK 'Torygraph' but this really is an epic find. Thank you very much indeed for this excellent forum-post, from which I have extracted :

Sometimes 'light' emerges from the unlikeliest 'shadows' and the posted article and report above really make for interesting and refreshing reading. I shall be reading & sharing this for a long time yet. Thanx.

e tenebris, lux ...

[-] 3 points by Renneye (4135) 2 years ago

You're quite welcome.

I'm still trying to figure all this out...and so, in looking for more information, I found an article by Chossudovsky that gives a scathing report on the IMF's global activity that would suggest that the IMF is not capable of something so generous. At least not without a catch.

Its enough to give one 'the spins'! Lol!

They clearly can do it...and certainly should, for the sake of humanity.

http://occupywallst.org/forum/the-globalization-of-poverty-and-the-new-world-ord/

[-] 3 points by shadz66 (19985) 2 years ago

"Global Research" - http://www.globalresearch.ca/ is an excellent site and Michel Chossudoksky has been a very respected voice for quite a while now - longer than I've had my own inter-web access !!! Go Canucks !! Thanx for your link & again for your excellent forum-post !

pax et lux ...

[-] 2 points by Renneye (4135) 2 years ago

Yes...I only found, and have been reading Chossudovsky's work since a couple of months ago. He is respect +....and I echo your strong and enthusiastic endorsement. Thanks.

[-] 2 points by shadz66 (19985) 2 years ago

The http://www.globalresearch.ca/ is a very good resource & Michel Chossudovsky has been prescient on matters before but I hope he is wrong on this one :

"A UN nuclear watchdog report suggests Iran could be developing a nuclear bomb, apparently confirming long-held suspicions in the West. But Tehran denies the claims, again insisting that its atomic intentions are peaceful. Michel Chossudovsky, who's from an independent Canadian policy research group, believes that what Iran says hardly matters, because the U.S. is planning for war."

omnia causa fiunt ...

[-] 4 points by Renneye (4135) 2 years ago

Thanks so much, for this link. Excellent news report! I share your hope that Chossudovsky is wrong this time. But, alas...I think we know that he isn't.

Frankly...listening to this interview was a little chilling. While I recognize that living in fear can be paralyzing...I think it can be equally destructive if we ignore fear altogether. Listening to one's fear response can mean the difference between life and dealth, after all.

Truly great report!

I'm going to sit in my closet now.

[-] 1 points by shadz66 (19985) 2 years ago

In keeping with the theme of your important forum post and this thread :

fiat lux ...

[-] 2 points by Renneye (4135) 2 years ago

Great link! Thanks kindly. This is the second article you beat me to, lol! The other one was "The political trial of a caring man" http://www.globalresearch.ca/the-political-trial-of-a-caring-man-and-the-end-of-justice-in-america/5310953

~~~~

I had to chuckle at this, because it is exactly what I have been thinking for months...

From the article; "A Radical Solution Whose Time Has Come

Public banking may be a radical solution, but it is also an obvious one. This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally. According to Kennedy and Creutz, that means public savings of 35% to 40%. Costs can be reduced across the board; taxes can be cut or services can be increased; and market stability can be created for governments, borrowers and consumers. Banking and credit can become public utilities, feeding the economy rather than feeding off it."

"This is not rocket science". Yeah, no shit! I couldn't agree with Ellen Brown more.

I am sick to death of the 'experts' furrowing their brow, feigning confusion, ad nauseam, at proposed 'common sense' solutions that the majority of the masses can come up with in their sleep...because the oligarchs have now twisted 'common sense' as being 'radical'. O bother!!

The answers to many of the US and global problems for a financially sound and Healthy Earth & People, are clear to most of us. So, one has to suspect the utter inaction of the government and ruling elite.

Thanks again for the great Ellen Brown article. : )

~~~~~~

Here's one of the articles I'm reading...

"Color Revolutions: Argentina Next?"

http://www.globalresearch.ca/color-revolutions-argentina-next/5311142

"Suspicion grows as Western criticism of Argentina’s nationalization and rebuffing of “rules of global finance” sharpens in tandem with street protests.

Underneath these unsubstantiated claims, lies the International Monetary Fund, and threats of sanctions aimed at Argentina’s turning away from the US Dollar and the Wall Street-London dominated international financial order."

I read yesterday that they're meddling in Ecuador now as well.

Geeez! 'They' just aren't going to stop!

[-] 2 points by shadz66 (19985) 2 years ago

"The 1% Pathology And The Myth of Capitalism", by Dr. Michael Parenti :

"Modern capitalist societies avoid telling the truth about themselves".

You point about Argentina is particularly apt as a US Federal Judge has recently found against The Argentine State and for a group of parasitic 'vulture crapitalists' with regard to defunct debt instruments, thus seeking to undermine and usurp a sovereign nation. The 'shakedown' is on and South America is again in the cross hairs ! Resistance Is Fertile !! Thanx for your comment and the important forum-post.

e tenebris, lux ...

[-] 2 points by Ache4Change (3316) 2 years ago

Another excellent post and the second link from the 'Telegraph' that I read on the forum today. Thanks.

[-] 2 points by yobstreet (-575) 2 years ago

Interesting; they also provide E mail addresses on the PDF. Tomorrow's reading; Cool.