Monday, December 13, 2010

Electronic banking conspiracy

(From Wikipedia, the free encyclopedia)

Conspiracy theory was originally a neutral descriptor for any claim of civil, criminal, or political conspiracy.

• The Theory of Electronic Conspiracy is said to be a variant of modern New World Order conspiracy theories. The theory consists of the belief that a secret group has attempted for centuries to reach world domination, even if the result by design would be world destruction. According to this theory, the worldwide dominion has been planned from antiquity and follows the following phases:
1. The substitution of precious metal-based coin currency by paper currency. This process began in the Renaissance, with the beginning of the use of tickets which allowed for people to have a tangible good (such as silver or gold pieces) by paper—a more virtual, but comfortable, medium which the state was committed to provide the equivalent amount of precious metal if such was required.
2. The appearance of virtual money, with credit cards: money approaches wholly virtual status. Money is no longer a tangible paper- or metal-based object but rather a series of numbers recorded in magnetic stripes.
3. The proliferation of Internet and Electronic commerce: credit cards are no longer required in order to purchase or sell goods and services from an Internet-connected computer.
4. The concentration of the worldwide bank into few hands, by means of continuous international banking fusions.
5. The worldwide implementation of an electronic identity card.
6. The great worldwide blackout. A tremendous disaster will take place when, after a great electrical blackout on a planetary scale, the data of all electronic accounts erase simultaneously. After this event, chaos and poverty will immediately ensue throughout the planet; and civilization will revert to its primitive forms of slavery to survive. This is the last aim of the "secret organization" which has spent centuries guiding this process. The worldwide blackout will be preceded by partial blackouts that would only be tests and "signals" to communicate that different phases of the process are being fulfilled. An example of these partial blackouts would be those that have been produced almost simultaneously in different parts around the world; and, at the beginning of the 21st century, shortly after the September 11, 2001, attacks: the blackouts in the United States, Canada, Australia, and the United Kingdom.

(From End The FED. Get The Gold. by Gary North)
We have seen this with a vengeance with the passing of the banking reform bill of 2010. The great winner in the reform is the Federal Reserve System. It receives the authority over the banking system. It is not limited merely to control over the money supply; it now possesses the authority of direct regulation and intervention.
The central banks of the world have now become allocators of capital. They are making the decisions as to who gets what and on what terms. Central planning over money increasingly has become central planning over the entire economy. This is not a mistake. This is consistent with the original logic of central banking. It means government control over the money supply.
When you hear a self-designated free market economist defend the idea of central banking, meaning a government-licensed monopoly over the monetary base, you can be sure that this person does not believe in the free market. He does not believe in the logic of decentralized private property. He believes in central planning, and he sees the central bank as the agency of such planning.
The few academic economists who are willing to accept even a pseudo-gold standard do not believe the government should be out of the money business. They do not believe in the widespread use of gold coins by the general population. They believe in central banks, and they believe in government control over the banking system.

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