An Extremely Important Challenge to all our Mainstream System-Serving Economists.

Justin Walker – New Chartist Movement Jan 1st 2020 

“Always remember that Economists were invented to make Astrologers look good” — J.K. Galbraith (Economist)

Ladies and gentlemen, I have to inform you that your influence as mainstream system-serving economists is at last coming to an end!  Please get out your cherished Economic Degrees…the waste-paper bin is over there!  File your Degrees where they truly belong!

As a supposedly ‘educated’ group, you’ve been peddling nothing but outright lies, deception and entrapment for long enough as you serve an economic system that is totally corrupt and which is found wanting in compassion, common sense and simple decency!  At last you have all been well and truly rumbled!

Corrupted academia taught you lies; you then regurgitated those lies to pass your exams; and you now practice and pass on those lies to an unsuspecting and deliberately impoverished, not to mention debt-laden, general public.  And all of this whilst keeping a criminal and debt-based global economic system alive and flourishing!

So, let’s look briefly at this system that you so recklessly and stupidly promote and underpin.

It is an economic system that depends entirely upon reckless growth, greed, usury and the mindless distressing and destruction of the Earth’s life-supporting ecosystems.  It is an elitist ‘top down’ system that results directly in a not inconsiderable percentage of the world being subjected to appalling starvation, depravation and extreme poverty.

Now, we are told by conventional economists, like yourselves, that this is just an unfortunate price that has to be paid but that in the end it should all come good for everyone.  Until then, we must all simply accept that many hundreds of millions of fellow human-beings must go hungry and be at the bottom of the pile when it comes to benefitting from global wealth creation by the private financial and banking sector led by the virtually unknown Bank for International Settlements (BIS) – a private, secretive and unaccountable co-ordinating bank for sixty of the world’s central banks (including the Bank of England, the Federal Reserve and the European Central Bank) and which has actually given itself diplomatic immunity so as to avoid any sort of close public scrutiny!  And nobody, amongst you mainstream system-serving economists, seems to have a problem with that!

Apparently, as more and more billionaires are made by playing this completely fraudulent and greed-based system, we, the ordinary people, must just sit quietly and hold onto the hope that someday improvements in the living standards of the world’s poorest may materialise as some sort of ‘trickle down’ of wealth might eventually occur to improve their lot.  In the meantime, the rest of us must endure increasing direct and indirect taxation whilst being encouraged to borrow yet more money and ratchet up even more personal debt to keep this appalling economic and financial system alive and fed – a system, as I say, that’s completely based on usury, greed and absolute lies!

And what’s the greatest lie that you, the mainstream system-serving economists, collectively spout ad nauseam to the scammed peoples of the world?  Well, that’s very simple!  You tell everyone that the government of any sovereign nation has to BORROW interest-bearing money from the private financial sector when government taxation receipts are outweighed by projected government expenditure.  This is an appalling lie that can be exposed by historical precedent! And to compound your blatant deception and falsehood further, this so-called ‘borrowed money’ has simply been conjured up ex-nihilo, completely out of thin air as debt, a simple ledger exercise that is backed up by absolutely nothing at all.  This, by any normal standards…not to mention good old common sense…is called FRAUD!

So, what is this historical precedent that completely exposes this gigantic fraud?  Well, I could write about the American Colonists with their Colonial Scrip of the 18th century, or Abraham Lincoln’s 1862 Greenback Dollar, or even the humble but extremely effective Guernsey Pound of the 1820s.  But no, I’m going to highlight the 1914 Treasury-issued Bradbury Pound, an emergency creation of money by the British government that prevented a run on the banks and economic chaos at the outbreak of the First World War (for the full story, feed into any search engine Bankers, Bradburys and the Carnage on the Western Front).

In HM Treasury jargon, this accepted…but deliberately played-down…fiscal arrangement is known as M0 at 100%.  In simple common sense parlance, this is when the government of any sovereign nation creates, issues and controls its own debt-free and interest-free money (through its treasury and not any privately-controlled central bank) that is firmly based on the wealth (net capital wealth) and labour potential and creativity (human capital stock) of that nation.  Called Sovereign National Credit by money reformers, it’s extremely simple to understand and it’s incredibly effective!  And it completely shuts out the fraudulent debt-creating central bankers and the private financial sector from essential money creation and money supply.

Embraced globally, this extremely simple fiscal arrangement ensures that in one fell swoop, extreme poverty in the world can be assigned to the history books as caring and responsible governments create the necessary debt-free and interest-free liquidity needed to ensure a peaceful, prosperous and ecologically-balanced world where no-one goes hungry or destitute.  This CAN be done.  And no, the world will not suffer from hyperinflation like the Weimar Republic – this is the standard and indeed pathetic response usually given by you, the mainstream system-serving economists.  The appalling hyperinflation and suffering witnessed in Germany that gave rise to Nazism and the rise of Hitler was caused by the Reichsbank, the privately-controlled central bank of the Weimar Republic, in cahoots with the currency speculators in Wall Street and the City of London.

And just imagine for a moment what the restoration of the Bradbury Pound would mean for the United Kingdom.  According to the Office of National Statistics, our nation’s net capital stock and human capital stock is now over £30 trillion.  This means that our elected politicians (who are there to serve us, the people, and NOT the City of London) can release the debt-free and interest-free amount of money that’s needed to ensure the security, prosperity and happiness of the entire nation.  Think about what this would mean if only a fraction of that money was spent on our country – say just £1 trillion.

Immediately our government can release in a responsible way all the money that is needed to fully fund the NHS and those selfless individuals involved in social welfare who look after the elderly and the vulnerable in our society.  It means that all of our young people can enjoy a free and well-resourced education.  It means that our police and armed services will be able to do what’s expected of them – real community policing to keep crime off our streets and real defence to protect our sovereignty from those wishing us harm.  It means building decent homes for everyone.  It means having the resources needed to repair the ecological damage to our countryside whilst ensuring extensive organic farming to feed the nation healthily.  It means protecting our strategic industries like steel and ship-building from the same corporate mind-set that wants to privatise and globalise our national assets.  And it also means mitigating against the worst effects of climate change by ensuring proper and well-funded coastal and flood management schemes.  And all of this whilst removing a complex and invasive direct taxation system which exists to control us in an increasingly Orwellian way.

And if every country in the world fully embraced this common sense fiscal arrangement of Sovereign National Credit, economic migration would come to an end – nobody wants to move away from where they were born and brought up if there is already a good standard of living along with real prospects for a life of prosperity and happiness in an ecologically stable environment.

So, what is left for me to write about you, the mainstream system-serving economists?  Well, just like lawyers with their unfathomable ‘legalese’, you delight in bamboozling people on a daily basis with your often-conflicting statistics, complex graphs and simple gobbledygook as you pursue the policies of reckless economic growth at the expense of the planet.  Sorry, but you should all be hanging your collective heads in total shame!  You really have no excuses at all!

Common sense, historical facts and the simple truth show that austerity, poverty and direct taxation are the weapons used by those seeking to constrain us all unlawfully.   As people wake up to the realisation of what the globalist central bankers are really about, and what they’re deliberately doing to the Earth and all its peoples with their greed and lust for total control, the only ‘economics’ that can be allowed in the future must fully involve the values of compassion, cooperation, justice and fairness for all; must embrace the over-riding principles of ecology; and must be human-scale in size with decisions made at the lowest practicable level.  This is, and can be, the ONLY type of economics to pursue to ensure prosperity for all whilst living on a healthy planet!

Come on, my friends, I’ve thrown down the challenge to your professional integrity and your intelligence.  Enter into this debate if you dare!  Or you could just simply join us and help stop this economic insanity once and for all!  You know it’s the truth!  And you know it’s common sense!

Justin Walker – New Chartist Movement      January 1st 2020

www.newchartistmovement.org.uk  e.mail: jrgwalker@aol.com

Postscript:

 If you are still not convinced by what I’ve written, have a look at these two quotes.  The first comes from a book entitled ‘Tragedy and Hope – A History of the World in our time by Professor Carroll Quigley that was published in 1966.  Carroll Quigley was a professor of history at Georgetown University and was the mentor of President Bill Clinton.  He was also someone who was completely accepted and trusted by the leading financial ‘insiders’ and was allowed the rare privilege of attending some of their secretive meetings behind closed doors.  However, his eventual exposure of their shadowy intrigues meant that his reputation suffered and his work became very difficult to publish.

Please read this extract very carefully and take in the enormous implications.  The professor wrote:

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.  This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences.  The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.”

This is the system that you mainstream system-serving Economists are refusing to expose.

And the second quote comes from the Bank of England itself – a quote that just confirms the fraud that money creation is by the private banking system.  In its Quarterly Bulletin (Q1) for Spring 2014, it said:

“In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.” 

My case rests!

3 responses to “An Extremely Important Challenge to all our Mainstream System-Serving Economists.”

  1. So why is there no updates since july 2019 on the chartist website

  2. Because we are reorganising for a Big Push to wake the British people up…watch this space! Articles and calls for action will be appearing regularly in 2020. We are a coordinating initiative that simply wants to break down the appalling ignorance that keeps the Deep State and the Globalists in business. We want people to set up small groups in their communities and to then inform those communities how they are being scammed big time. We want to empower people to stand up peacefully to the ‘system’ and to learn how we are a Common Law country and that we, the people, are in charge and not our corrupted judges, bankers and politicians. If you’re in the UK, please get involved with us.

  3. excellent stuff!. in my small way I have been advocating this ‘economic’ system for years!
    one point you missed and that is that the issue of sovereign national credit should not exceed gdp – and voila no inflation.
    to bring this about my suggestion is to start at the constituent level.