Monetary Sovereignty, the Ultimate Power, 3
This definitely has all the appearance of a conspiracy of silence: you can’t tackle the subject of rivers and waterworks, steer doggedly clear of the very source of water, and call yourself honest. And we do know now how this omission is anything but inadvertent. Also because in the meantime the laws written by some aforementioned minister teach us that there are three and only three basic powers, and that’s it: these are the basics and there is nothing more basic than these. A conspiracy of silence on what are the resources, provided by whom, where and how, on which these powers are going to run and be exercised at all in the first place. And we do know now who and how is going to profit from this state of things.
And far as concealing is concerned, we find a thick forest regulating – or rather covering up? – how money just created is exchanged and reaches the main debtors, the governments. Say, why does not the private “central” bank straightforwardly create the quids out of nothing and loan them to the government at face value in exchange for the government securities and bonds, and that’s it? Why does it take the trouble to refuse those quids just created to that whom remains its main final recipient, the government, and loan them on privileged terms to commercial banks instead, and these in turn magically multiply them by creating further quids out of thin air behind the fig leaf of fractional reserve, but taking the trouble to have someone to loan them to (again, the government for the bulk of it) in order to be allowed to create them? What does it all tell us, in view of the old Latin saying, cui prodest, who benefits from that? The profits of commercial banks, in terms of stolen purchasing power, are exponentially higher than those of the central bank; but then who owns who, and who owns the owners of it all? That is the question.
But for now let’s go back to the rethorical question: why take the trouble to cover up? Like a pusher stationed before a school pretending not to be pushing poison to the youths, why a conspiracy of silence to hide the sancta sanctorum where king has no clothes and where we all receive a millstone around the neck for the guilt of making a gift of our purchasing power plus the infinite debt trap to those kings with no clothes in exchange for an absolute nil?
