Nationalize money not banks ... conspiratorial presidential candidates are ignorant puppets

email from AMI

Here would be some basic macro monetary/economic questions for the presidential debate Oct. 14 that illuminate the source of the current monetary debacle:

(1) Do you understand the difference between MONEY and CREDIT?

(2) Would you consider removing the special privilege financial institutions presently have to create our money supply by lending their CREDIT;

(3)and instead substitute government created MONEY in its place?

(4) Do you understand that such CREDIT evaporates in periods of financial stress, but government MONEY does not disappear?

(5) Do you understand that the above bank accounting privilege is the
ultimate source of the ridiculous concentration of wealth,

(6) and has to be addressed for moral reasons?

(7) Are you willing to seriously include matters of justice, fairness and morality in monetary and economic public policy decisions?

(8) Will you admit/agree that the private financial sector regime has failed and has to be rescued again(!) by the public sector

(9) and therefore it must be replaced by a publicly controlled structure where money is issued by government not private banks??

Nationalize MONEY, not banking.
See www.monetary.org... for background, especially the article The Need for Monetary Reform.
Sincerely, Stephen Zarlenga
Director, American Monetary Institute

cont.

monetary reform must not be left in the hands of economists.

"...economists have represented a near total loss to society
All the questions deal with MICRO ECONOMICS, not with the big picture
MACRO questions.

Beware Economyths

The real questions on economics to ask the presidential contenders in Wednesday's debate:

In a new York Times October 7, 2008 Op-Ed Contributors JOSEPH E. STIGLITZ, R. GLENN HUBBARD and MYRON S. SCHOLES put forward economic questions for the Presidential debate.

Here is the New York Times piece, with the questions the economists submitted: October 7, 2008 Op-Ed Contributors: The Dismal Questions
By JOSEPH E. STIGLITZ, R. GLENN HUBBARD and MYRON S. SCHOLES

John McCain and Barack Obama will meet tonight in Nashville for the second presidential debate. As Americans worry about a confusing federal rescue plan, a falling stock market and a financial crisis that is spreading across the globe, the editors of the Op-Ed page asked three economists to suggest the questions they would most like to hear the candidates answer.

1. When the current bailout of Wall Street fails to turn around the economy and reinvigorate credit markets, will you propose another one? How large should it be? Henry Paulson and Ben Bernanke have said what is needed is a restoration of confidence in the economy. But won't the failure of this bailout destroy confidence, with disastrous consequences - as happened in Indonesia and other East Asian countries when similar bailouts failed 10 years ago?

2. More than a million people have lost their homes in the past two years. A million more are expected to lose their homes in the next 12 months or so. Do you support a more direct program of relief for homeowners? The government pays more of the mortgage costs of rich homeowners, through larger tax deductions, than of poorer homeowners. What would you do to correct this injustice?

3. President Bush pushed tougher bankruptcy laws that were supposed to reduce bankruptcy and lower lending costs. But the new laws made it more difficult for ordinary Americans to discharge their debts, and encouraged reckless lending on the part of lenders, who thought they could more easily force poor borrowers to repay. Would you make any changes in the bankruptcy laws? Currently, it is more difficult to restructure a mortgage on a primary residence than other debts. Do you support bankruptcy reforms that would make it easier for people to stay in their homes?

- JOSEPH E. STIGLITZ, a professor of economics at Columbia who shared the Nobel prize in economics in 2001 and who has advised the Obama campaign

---
1. Does the financial crisis indicate that we need more regulation? Or is the problem less one of too little regulation than of poorly focused regulation? The crisis had its origins in part in international capital flows that led to extraordinarily low interest rates. But high-risk mortgage lending drew some of its breath from regulatory interventions. Some heavily regulated financial institutions managed to get themselves in trouble. And it was government-sponsored enterprises, no strangers to regulation, that stimulated the demand for questionable mortgage products. Shouldn't the next president be standing up to protect markets instead of sowing doubts about them?

2. The Federal Reserve has had to step into the political fray to an uncomfortable degree. Are we asking too much of the Fed? Should we create a strong financial regulator that would stand shoulder to shoulder with the Fed?

3. The existing capital standards for financial companies helped create the illusion that risky assets were "safe." A reformed system could mandate more capital, to support incremental risk-taking, during a boom and lower such capital requirements in a bust. By changing capital cushions over credit cycles, banks would be less likely to be forced into asset fire sales. Would you support such a change?

4. Do you support the appointment of a presidential commission to report quickly on the causes of the current crisis and present options for regulatory reform?
- R. GLENN HUBBARD, the dean of Columbia Business School and the chairman of the Council of Economic Advisers from 2001 to 2003

---
1. Discuss the tradeoffs for our economy, if any, between growth (so-called trickle down) and redistribution (so-called sprinkle around) policies.

2. At this moment, there seems to be an overwhelming cry for retribution, in the form of new regulations aimed at our financial services industry (so-called Wall Street). To what extent do you believe that these measures are necessary? How will you judge the benefits and costs of the choices to be made? How will the new regulations take into account the evolution of the financial services sector in trading securities or goods and services, financing businesses and homes, saving for college or retirement, and reducing and transferring risk?

3. Individual innovation and creativity in our society are the cornerstones of our economy. They create wealth and improve the nation's welfare. Through innovations, the 20th century became the American Century. Will the 21st century be so as well or will it become the Global Century? How, if at all, would your administration foster innovation in the following areas: the provision of health care for our citizens; an immigration policy that attracts and retains the best; educational policies that increase the value of our human capital, our most important resource; helping people accumulate enough retirement savings; international trade and manufacturing; the evolution of information technology, biotechnology, nanotechnology and neuroscience; the allocation of water, food and energy and the development of alternative energy sources; and, to some, the most important, the environment?

- MYRON S. SCHOLES, who shared the Nobel prize in economics in 1997

[edit on 14-10-2008 by counterterrorist]

This is great analysis. I thoroughly support it's findings. The politicians are not dumb. The bell curve seems to be accurate, and 1/2 of the people of the world have lower than average intelligence. So, let's educate the masses. Let's get this information out to the public sectors in any way we can!

Viva la liberty!

I have told my brother to watch out for the word nationalise - even before all this properly began falling, i read there are alot of roman catholics in the us congress - do you think some of the income that will be eventually gathered go to the roman catholic church - a nationalised banking system working with a nationalised sunday worship church, i can just see it now, the world going under, the church having alot of money and people are desperate then they start handing it out and bringing order - then comes sunday worship for everyone.

Originally posted by neilparnham
do you think some of the income that will be eventually gathered go to the roman catholic church - a nationalised banking system working with a nationalised sunday worship church

The Catholic institutionalized religion at its worst devoid of spirituality at its best remindful of spirituality, is already handing out world order while it literally rapes humanity's innocent children seeking spirituality.

Does the Vatican own your mortgage? (parts 1 & 2)
www.abovetopsecret.com...
"Vatican has large investments w/ Rothschilds of Britain, France & America, w/ Hambros Bank, w/ Credit Suisse in London & Zurich. In U.S.A. has large investments w/ Morgan Bank, Chase-Manhattan Bank, First National Bank of New York, Bankers Trust Co., & others. Vatican has billions of shares in most international corps Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A., etc. ”
part 1
www.willthomasonline.net...
part 2
www.willthomasonline.net...

www.vaticanassassins.org...
“This irritable tribe of priests, have subverted pure morality of primitive Christianity to serve their own selfish interests.” Jesuits have “perverted” Christianity “into an engine for enslaving mankind, mere contrivance to fetch wealth & power to themselves.”- Thomas Jefferson

According to Baron Avro Manhattan, author of jaw-dropping series of Vatican books, “Many historians & researchers & one American Congressman stated that: ‘Vatican thru Jesuit Order controlling Illuminati in control of U.S.A. Federal Reserve.’” [Vatican Billions by Avro Manhattan]
Jesuits had been tossed out Rome & every country in Europe for their back-stabbing treachery. As Phelps explained to interviewer Rick Martin: “Weishaupt promoter of Illuminati, w/ House of Rothschild, for punishment of Catholic monarchs of Europe, & Pope, for suppressing Jesuit Order. Weishaupt under supervision, at least initially, of Jesuit General Ricci, who died in 1775 in Italy. Weishaupt under orders.”
www.willthomasonline.net...
“It absolutely necessary for salvation of every human creature to be subject to Roman Pontiff.” -Pope Boniface, Unam Sanctam (1302)

According to Baron Manhattan’s research: “Vatican has large investments w/ Rothschilds of Britain, France & America, w/ Hambros Bank, w/ Credit Suisse in London & Zurich. In U.S.A. it has large investments w/ Morgan Bank, Chase-Manhattan Bank, First National Bank of New York, Bankers Trust Co., & others. Vatican has billions of shares in most powerful international corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A., etc. ”
A nationally syndicated Catholic priest has stated, “Catholic Church must be biggest corporation in U.S.A. We’ve branch office in every neighborhood. Our assets & real estate holdings must exceed those of Standard Oil, A.T.&T., & U.S.A. Steel combined. & our roster of dues-paying members must be second only to tax rolls of U.S.A. Government.” [Vatican Billions]
“But this just small portion of wealth of Vatican, which in U.S.A. alone, greater than that of five wealthiest giant corporations of country,” Baron Manhattan explains. “Catholic church biggest financial power, wealth accumulator & property owner in existence.” [Vatican Billions]
Don’t forget to throw in more than 18,000 works of art. [Fortune Dec 21/87]
Vatican’s gold treasure alone has been estimated by United Nations World Magazine to amount to several billion dollars. Independent has independently confirmed that “Vatican Bank - Istituto per le Opere di Religione - manages more than $4 billion in assets. It does not reveal its profits or dividends, which paid directly to Pope. It enjoys status of central bank & has dealing room adorned w/ crucifixes & papal portraits where 20 traders work .” [Independent Apr 19/02]

“Jesuits naked sword, whose hilt at Rome but its blade everywhere, invisible until its stroke felt.” -Andre’ Dupin, French Statesman, member of King Louis Philippe’s Cabinet which expelled Order (1831)
“They public plague, & plague of world… Every species of vice finds its patronage in them. There no perjury, nor sacrilege, nor parricide, nor incest, nor rapine, nor fraud, nor treason which cannot be masked as meritorious beneath mantle of their dispensation.” -Paolo Sarpi, Italian Roman Catholic historian of Jesuits’ Council of Trent (1620)
“Jesuits military organization, not religious order. Their chief general of an army, not mere father abbot of monastery. & aim of this organization is: Power. Power in its most despotic exercise. Absolute power, universal power, power to control world by volition of single man. Jesuitism most absolute of despotisms: & at same time greatest & most enormous of abuses… general of Jesuits insists on being master, sovereign, over sovereign. Wherever Jesuits admitted they will be masters, cost what it may. Their society by nature dictatorial, & therefore it irreconcilable enemy of all constituted authority. Every act, every crime, however atrocious, meritorious work, if committed for interest of Society of Jesuits, or by order of general.” -Napoleon Bonaparte.
troyspace.wordpress.com...


www.abovetopsecret.com...

The Vatican Sex Ratline: Crimens Sollicitationis - secret decree by the Pope every Catholic bishop must follow that says Catholic priests can’t talk about it when they rape, impregnate, prostitute, sodomize, gang rape, and do s&m practices with children. Each local diocese office has a secret record of children raped and/or made pregnant by their priests, and abortions the diocese pays for. The Vatican wild card of diplomatic immunity let’s them not turn over records to police or prosecuting district attorneys. Documentation at www.calypsokingsandcarnivalqueens.4t.com... -- (use refresh button if pop-up ads block site or just x-out of the ads), go to the menu link called "Crimens Sollicitationis" also see a documentary trailer that will break your heart -- www.deliverusfromevilthemovie.com...

[edit on 15-10-2008 by counterterrorist]