There is a spectre haunting Europe ... and the world.
This is the spectre of debt-based capitalism – which makes the entire money supply of nations dependent on the expansion of credit by private banks.
This is the spectre of what Marx called ‘fictitious capital’ – in which credits and loans are counted as monetary assets without almost no capital reserves to back them.
This is the spectre of 'financial crisis' - in reality just the crisis of private banks when their inflated credit bubbles burst and they are forced to beg for bailouts to save them.
This is the spectre of financial blackmail - with international institutions threatening nations with higher interest rates - and even the entire loss of their money supply - unless private banks are given bailouts paid for by the people, or unless those nations accept the imposition of yet more debts on them.
This is the spectre of 'austerity' measures (a moral sounding word for plain simply poverty!) enforced on the people, measures which destroy national economies and make it impossible for them to ever to pay back those debts.
This is the spectre of parasitic 'credit capitalism' or ‘creditism’ - through which national economies, their public assets and people have become the victim of outright robbery by the international banking system and its unelected institutions.
This is the spectre of unelected bankers being installed as heads of government - as in Greece and Italy – or subject to the dictates of international treaties designed to protect the international banking system.
This is the spectre of 'debtocracy' – not democracy but rule by the new neo-feudal ‘creditor class’ of robber bankers and their political cabals.
"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world".
Fuelling the European Fire
As we know, trillions of Dollars, Pounds and Euros have been poured into bailing out private banks, which having gorged themselves for years on an ever expanding credit-bubble - being free to lend out as much as they want without having to hold anything more than a tiny fraction of the money they lend out - now expect the peoples of the world, both in the U.K., Europe and the U.S.A. - to pay the price of their own burst credit bubble and consequent credit 'squeeze' or 'crunch’. (see Debt Crisis for Dummies).
Yet despite all this, today’s wholly incompetent EU leaders now plan to stump up yet further trillions of Euros - not to provide support for the economic recovery of debtor nations such as Greece, Spain or Italy but to impose yet more debt on them - in order to bail out the very banks who thrived on that debt and are now threatened by default on it.
Just think what the situation would be if, instead of using them to bail out banks, these trillions had or would instead be given directly to the peoples, businesses, industries and economies of debtor nations such as Greece - thus preventing a situation in which people are being thrown out of their jobs and houses, unemployment is at an all-time high and that suicides have almost doubled?
Whose ‘financial crisis’?
For private banks, the only ‘financial crisis’ that worries them is not the one that actually affects real people but the one that affects their own balance sheets. The financial debt crisis of the banks is like the ‘crisis’ of a 'loan shark' or 'debt vampire' who sucks dry the economic life blood of a country through interest-bearing debt to the point that its 'national debt' become ever more difficult to finance. With the help of so-called ratings agencies the vampires banks then bite even deeper - 'downgrading' a nation's debt so that interest on it rises and its currency devalues. The third step is then to call in national and international ‘bailiffs’ to demand that this nation nevertheless finds more blood-money to hand to the banks through privatising national assets, imposing higher taxes and massive 'austerity' cuts on its people. If this depresses growth and ruins the economy of debtor nations (Greece for example) to the point where they are simply incapable of paying off their debt - then this puts the vampire banks themselves in difficulty. Their solution is simple however - for they then have the gall (and the power) to demand that governments or other debtor nations (Germany and France for example) provide them with a totally free ‘infusion’ of money at the expense of the taxpayer and the people. This final stage of blood-sucking is called keeping the banks financially ‘liquid’ or 'recapitalising' them. The so-called ‘bailout’ money used to keep the vampire banks ‘liquid’ however, does absolutely nothing to support the real economies of any of the debtor nations themselves - for these so-called bailouts are in no way 'handouts' to those nations. Instead they amount to nothing more than further debts imposed on them - under immense pressure from international central banks such as the ECB, IMF or World Bank.
How do the banks get away with it?
The financial vampirism of private banks is possible because whilst they are allowed to freely dispense vast sums of money as loans in order to suck as much interest as they can from them – no matter at what risk – they are not required to keep in reserve anything more than a tiny fraction of the money they lend out. This absurdity is the meaning of the term ‘Fractional Reserve Banking’ - the result of which is that banks accumulate bloody and vastly bloated ‘credit bubbles’ - which then inevitably deflate and become a ‘credit squeeze’ or ‘credit crunch’ - one for which the peoples of debtor nations must foot the bill with ever more ‘blood money’. For if they did not they would face the loss of the money supply to their own national economies - for this is almost entirely in the hands, not of national governments, but of private banks. Yet having bloated themselves on fictional credit, these vampire banks end up having to hoard their money rather than lending it out to individuals, industries - or even to each other - leading to the ruination of national economies. Only the creation of fully public and state-owned National People’s Banks can solve the real financial crisis of peoples and nations into which both debts to the private vampire banks and having to pay for their crisis have got us.
The Solution Staring Europe and the U.S. in the Face
- money for the people not the banks!
- from private to public money creation.
- from ‘sovereign debt’ slavery to social credit!
- from private banks to genuine People's Banks
- let the banks foot the bill for putting nations in debt!
For the simple fact is that there would be no such thing as so-called ‘Sovereign Debt’ or ‘National Debt’ if nations and their so-called ‘central’ or ‘national’ banks had long since surrendered their sovereign right to issue their own money and inject it directly into the real economy – without having to borrow from private and international banks – or else buy or sell government loans in the form of ‘bonds’.
On National People's Banks
The danger of letting money power rest in the hands of bankers and banking cartels was long ago recognised by the founding fathers of the U.S. constitution and by several U.S. Presidents - not only Lincoln but also Garfield and Kennedy - all of whom were assassinated.
“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed."
Abraham Lincoln
What 'unnerved' Lincoln is exactly the dire situation of the majority of people that the Occupy Wall Street movement and its counterparts all over the world are now facing and rebelling against. Similarly however, what Lincoln saw as the alternative to the corrupt money power of the wealthy few is the only true alternative:
"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”
This Monetary Manifesto for the People affirms as Lincoln did the sovereign right of all nations to directly issue their own interest-free money. They can only do this through the creation of National People’s Banks – this means fully state-owned banks not dependent on borrowing from private banks or their ‘central’ banks and their international institutions - the IMF, European Central Bank or the Federal Reserve (itself a cartel of private banks).
How National People's Banks would serve the peoples of Europe
1.By having the power to offer interest-free credit to individuals, families and businesses.
2. By having the power to by-pass the private banking system and inject money directly into the real economy – for businesses, industry, transport and infrastructure, housing, health and education - and for individuals and families in need.
3. By reducing the debt and interest burden on companies – allowing them to reduce their prices and instead use their profits to increase both wages and investment – instead of squandering them on debt and interest payments to the banks. The net result will be an increase in demand for their products – with more people able to afford them - instead of upward pressure on prices and downward pressure on domestic sales, exports, wages and investment.
4. By ending a situation in which bankers rake in billions in bonuses whilst at the same time millions of people struggle to make ends meet and not end up on the streets; to feed and clothe their families, pay off their mortgages and meet their other debts to private banks.
But because the creation of fully state-owned National Peoples's Banks will be a monetary revolution and no mere 'monetary reform' you can be sure that the big global banks and their institutions will fight it with all their power and every means at their disposal - including all the major political parties and leaders of most nations, as well as their mainstream press and popular media – ‘the opium of the masses’.
This Monetary Manifesto is a manifesto for the peoples of the U.K., Europe, Eurasia, the U,S.A. and the world created by the newly founded National People's Party in the U.K.
See also The National Bolshevik Alternative to Debt Slavery
On National People's Banks
The danger of letting money power rest in the hands of bankers and banking cartels was long ago recognised by the founding fathers of the U.S. constitution and by several U.S. Presidents - not only Lincoln but also Garfield and Kennedy - all of whom were assassinated.
“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed."
Abraham Lincoln
What 'unnerved' Lincoln is exactly the dire situation of the majority of people that the Occupy Wall Street movement and its counterparts all over the world are now facing and rebelling against. Similarly however, what Lincoln saw as the alternative to the corrupt money power of the wealthy few is the only true alternative:
"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”
This Monetary Manifesto for the People affirms as Lincoln did the sovereign right of all nations to directly issue their own interest-free money. They can only do this through the creation of National People’s Banks – this means fully state-owned banks not dependent on borrowing from private banks or their ‘central’ banks and their international institutions - the IMF, European Central Bank or the Federal Reserve (itself a cartel of private banks).
How National People's Banks would serve the peoples of Europe
1.By having the power to offer interest-free credit to individuals, families and businesses.
2. By having the power to by-pass the private banking system and inject money directly into the real economy – for businesses, industry, transport and infrastructure, housing, health and education - and for individuals and families in need.
3. By reducing the debt and interest burden on companies – allowing them to reduce their prices and instead use their profits to increase both wages and investment – instead of squandering them on debt and interest payments to the banks. The net result will be an increase in demand for their products – with more people able to afford them - instead of upward pressure on prices and downward pressure on domestic sales, exports, wages and investment.
4. By ending a situation in which bankers rake in billions in bonuses whilst at the same time millions of people struggle to make ends meet and not end up on the streets; to feed and clothe their families, pay off their mortgages and meet their other debts to private banks.
But because the creation of fully state-owned National Peoples's Banks will be a monetary revolution and no mere 'monetary reform' you can be sure that the big global banks and their institutions will fight it with all their power and every means at their disposal - including all the major political parties and leaders of most nations, as well as their mainstream press and popular media – ‘the opium of the masses’.
This Monetary Manifesto is a manifesto for the peoples of the U.K., Europe, Eurasia, the U,S.A. and the world created by the newly founded National People's Party in the U.K.
See also The National Bolshevik Alternative to Debt Slavery
