In the video below we all clearly see Bill Still merely claiming with unqualified assumptions banks just buy treasury bonds to then create money out of thin air via expansion, or fictional multiplication. Evading the banks very * first crime * before any book entry, & likewise evading the only thing that has consideration of value given up by the “alleged” borrower in any ” alleged ” bank loan to one of us today?
Lets be clear here folks. Bill is not telling you the TWO main reasons why governments sell treasury bonds for irreversible terminal sums of national debt which are as follows ?
1) To unnecessarily borrow (allegedly borrow) back the very same money we formerly created & paid out of circulation on our personal falsified debts to build infrastructure & government projects .
2) EVEN WORSE & A FAR GREATER CRIME FOLKS to not only borrow (allegedly borrow) back the very same money we created & paid out of circulation on our personal falsified debts, but to * perpetually reflate * a general circulation that only ever consists of some remaining principal at most, ( Eg; Federal overspending ) where principal & interest we all pay to all local banks ( a theft Bill advocates ) is stolen & laundered out of circulation only to be loaned (allegedly) back as irreversible, terminal sums of artificial debt.
It is clear Bill Still has no authority on monetary reform, because how can we issue money without debt for the benefit of all citizens equally? This man is delusional seriously, because the only way money, or a debt instrument can be issued even in Bills preposterous solution will be in an exchange. whether its purportedly loaned, or spent it makes that money a debt upon its very issuance into circulation upon the exchange, which is a DEBT regardless how you look at it , & likewise how on earth does this actually benefit citizens if all local banks are still stealing & laundering circulation ( principal & interest ) giving up no commensurable consideration of their own equal to any alleged loan to one of us ? .
Lincoln , Franklin ,etc didn’t do it successfully because they had no means of accounting to know how much to print & likewise retire to solve inflation & deflation .
Then Bill quotes a federal reserve snake oil salesmen promoting the lie of economy & the * first crime * a bank commits, where the bank loans us money when the banks are only pretending to loan us the principal folks, there is no loan from a bank, there never was. The bank’s only ever purport to loan you the principal that you created only as if it was the banks principal to loan out in the beginning, which is the banks * first crime * , the theft of principal .
Then Bill contradicts his lies by saying the government doesn’t create money, when he actually claimed in the beginning the government first issued treasury bonds so the banks can then multiply money. Well, logically according to Bill here if the government didn’t issue a bond first the bank cant multiply money, so what process creates the money in the beginning according to Bill? Well, its the treasury bond, which I might add is not only contradictory, but a mere assumption regardless. Claiming all along without proof or qualification expansion is the creation of money, but nevertheless according to Bill is originating from a treasury bond. So once again Bill demonstrates his very own ignorance, simply because its not any bank or treasury bond that creates money, rather its one of us ( WE THE PEOPLE ) before any banking book entry that first issues a promissory obligation, which has the only consideration of value in any ” alleged ” loan from any bank,, before fictional expansion , before publication & before any resulting bond issued by any criminal government to play their part in perpetually laundering already stolen money back into circulation.
Now If I can prove with logic alone only the principal is created by one of us by signing & issuing a promissory obligation / note * before any banking book entry * when we ” allegedly ” borrow principal from a local bank , how can fractional multiplication thereafter ” allegedly ” multiply principal when either way here from the outset of the promissory obligation principal is only ever issued into circulation for what it is intended to represent , EG : A house for example, upon a sale or purchase of property?
However Bills deception doesn’t stop there folks. Bill then replays parts of his secret of oz video promoting further lies of economy, falsely claiming there is a loan from a mere publisher, who I might add gives up no consideration of value equivalent to the debt they falsify to themselves in the form of a purported loan & then charging us unwarranted interest for the privilege of being robbed of sum of principal in the first place, & to top it all off, Bill’s throwing in pictures of hungry African Negro’s in a feeble attempt to pull the heart strings of the viewer, while all along deceiving the viewer with unqualified assumptions & bare faced LIES .
Here again Bill Still is telling everyone if a government couldn’t borrow money they will have to raise taxes immediately, where he just indicated that raised taxes will be immediate in his purported solution, didn’t he NOW? Evading how money has to be rightfully retired equal to the money spent to solve circulatory inflation, or prevent too much money circulating . Then bill merely assumes in his phony solution without proof or qualification the local banks can just give up consideration of value of their own, or risk property of their own equal to the a debt purportedly loaned to a so called borrower.
In reality folks the local banks would be risking nothing of their own just like today, only ever PRETENDING TO BE THE TRUE CREDITOR , then Bill continues not only evading the banks * first crime * which is a crime he actually promotes in his purported solution, where the bank steals principal in a purported loan, only as if it was the banks principal value to loan out in the beginning , yet Bill is totally evading the banks * second crime * imposed on one of us in ” unwarranted interest ” that we would be paying to these criminal banks, only as if the criminal banks risked something of value of their own that might justify Interest, or justify the banks current unearned profit taking that perpetually depletes a general circulation, which is a circulation that only ever consists of some remaining principal at the very most regardless .
Essentially what you would really have in Bills purported solution is out of control inflation & deflation imposed by a gargantuan government, spending & taxing money like there’s no tomorrow just to keep these criminal ground floor banks afloat which have been stealing from us for centuries now, where Bill is once again totally evading the banks purposed obfuscation of our promissory obligations ( money creation ) we have to each other ( not that we have to any thieving bank [public or private] who risks jack of their own )
Moreover HERE we see Bill Still officially NOW off the rails, openly admitting he is prepared to bribe American congressmen with 50 million in cash & 1 million there after for every year to Introduce his preposterous solution .
HERE According to Bill a representative government just creating money ” purportedly out of thin air ” is apparently sovereign money, but the question I ask is how on earth can this be possibly sovereign money in the slightest if banks ” public or private ” are stealing from a would be sovereign, when they’re only ever pretending to lend this money, which is nothing more than publishing further representations of our promissory obligations we really have to each other regardless, so one may first earn & then deposit this stolen money in a bank so a bank can then pretend to loan depositors money , stealing even further of our labour & production.
Moreover Bill cant even see the inherent volumetric impropriety ” circulatory deflation ” caused by interest on the remaining volume of circulation, let alone the resulting price inflation as a consequence that will still persist to exist regardless ,even if a government did pull the sum of interest out of thin air or out of hat , which is mathematically impossible I might add , yet nevertheless spend , or purportedly loan back into circulation above the sum of principal, which is formerly stolen. Essentially giving you a gargantuan government completely & utterly out of control, spending & taxing all this money like there is no tomorrow, much like today regardless of national debt. Spending it as perpetual reflation on public infrastructure we may not even necessarily need & quite possibly giving even bigger sweet heart deals to the very same criminals who perpetuate the crimes against us today.
Firstly logic tells us it’s the people (obligor) who creates all new money (principal only) by issuing a promissory obligation before the banks ledger entry in any purported loan, much less is the sum of interest ever created or issued into circulation above the sum of principal, so logically the creation of money comes before the sum of principal is even purportedly lent and or even subsequently spent into circulation, so in this respect its rationally impossible to suggest anyone else other than the true creditor who actually gives up property in an exchange for a promise can deposit that money in the bank without the true creditor subsequently spending that money further into circulation so someone else can earn and deposit that money in a bank so a bank can in turn presumably have enough reserves of deposits money to loan what has already purportedly loaned out in the first place anyhow. So the crux of the matter here why would you or I re-borrow what has already been allegedly loaned and deposited, and why on earth would you want to borrow depositors money when you have always created a sum of principal to pay for something in full before its even subsequently deposited in a bank.
To assume a bank can possibly have a full reserve to otherwise purport to loan out is basically putting the cart before the horse here that makes no rational sense at the end of the day, its not only mathematically impossible because banks have never risked or given up commensurable consideration of value in the entire history of banking, but its rationally impossible, simply because the promise (money) is created by the obligor before it can be physically deposited in a bank to pay a debt, where the true creditor who actually gives up property is always paid in full from the outset of the obligor’s promissory obligation regardless.
Therefore to even remotely suggest a bank can have a reserve you have to rationally justify a loan has transpired from a real creditor when you (obligor) have already paid the real creditor in full for receiving property, so the logical question begs to be asked is how can the true creditor rationally lend money that hasn’t yet even been deposited in their bank account, and how is this rationally or even ethically a loan where there clearly never has been any loan from a bank or its depositors, not even from the true creditor who gives up property that cant possibly justify paying the principal debt to a bank, much less would it even justify paying any sum interest to any bank or its depositors either, not even under the banks purposed obfuscation of our promissory obligations *to each other*, so why would anyone irrationally believe banks have, or ever can loan out depositors money when no such thing has ever transpired in the entire history of banking or ever will transpire for that matter, when it always has been mathematically and rationally impossible.
Furthermore if anyone was to irrationally believe a government treasury can just create money by simply issuing bonds you would have to rationally justify that creation by proving and demonstrating what exactly and who exactly is risking or giving up consideration of commensurable value in the issuance of these bonds that are otherwise sold today to instead re-borrow (allegedly borrow [launder]) already stolen money formerly created by the people in their personal falsified debts back into circulation again in perpetual cycles of reflation, or be it an irreversible multiplication of federal debt caused by the volumetric impropriety of unwarranted interest imposed on all our personal falsified debts in the first place.
Logic alone tell us the interest paid on all our personal falsified debts is monumental in comparison to what a bank pays in interest on savings deposits, so what banks pay in interest on deposits today is only a fraction of 1% of which they formerly steal in principal and interest when we purport to pay back a purported loan from a bank, which is nevertheless perpetually re-borrowed (purportedly borrowed [laundered]) back into circulation again as an irreversible multiplication of federal debt, so why would anyone of sound mind ever conclude interest is beneficial to any economy when one would be considerably better off paying no interest whatsoever, for the crumbs paid in interest on deposits is exiguous in comparison to say the least if you likewise take into consideration the interest you all personally pay can only ever artificially inflate prices into oblivion to steal all that much further from us , not to mention the resulting yet unwarranted taxation imposed (political extortion) to service this ever escalation of federal debt that’s mathematically impossible to pay down.
Its a fact the only lawful Issuance of a promissory note is by the actual creator of money, or signatory of a contract / promissory obligation who gives up value , however when you see a representative government or any thieving bank pretending to loan further representations of what they themselves don’t risk or even give up in the actual creation of money that’s when a representative government has stepped directly into the shoes of the banker , exploiter or THIEF .
Bill is even deluded into believing its not important what backs money (PRESERVING THE LIE MONEY IS CREATED OUT OF THIN AIR) but according to Bill all that matters is who controls the quantity, however Bill is totally evading the fact all money is a further representation of our labour & production we give up to each other, which in fact is the true intrinsic value backing all money for what it represents , & of course subsequently stolen by those ” all banks NO exceptions ” who currently control the quantity, or be it a lack of quantity of money today, & to deny the matter of a THEFT of our labour & production here, or to even remotely suggest the true value matters not can only likewise suggest Bill is evading a monumental crime of theft is taking place today, which is nothing but an attempt to preserve the theft of that quantity, which in turn represents the true value of our labour & production regardless , even when a bank or mere publisher ” public or private ” pretends to loan money, which is a crime Bill clearly advocates , much worse to suggest we should be bribing political betrayers to step directly into the shoes of a bank or THIEF, only to continue the very same crime against us, regardless if a representative government purports to loan what it spends or not, more the fool who follows this man in blind faith for he wants nothing more but to preserve banking exploitation.
Here we see Ellen Brown suggesting ” county banks ” are the solution, which are public local banks purportedly funded with state revenue or state taxes, so in other words these banks will be funded by a means of extortion , which is a form of communism according to Bill Sill. These charlatans are contradictory in every respect, who are clearly out to confuse & divide people with unqualified assumptions & OUT RIGHT LIES that don’t even make rudimentary sense .
Seriously folks how can one not prove title when people have an account that says they paid 2 houses for receiving 1 house , in retrospect people should have 2 titles if you look at what they may have paid in principal & interest, only to have the value of two homes stolen in your production, furthermore one can clearly hear the key words of deception used ” BIG BANKS ” which in fact points everyone away from MPE that identifies its ALL BANKS including small banks or local banks who are the very hand that steals from all of us today, & not only that, we have a host saying what Ellen Brown is saying makes perfect sense. Its quite clear to me common sense is not so common, nor is this type of insane irrationality even remotely perfect .
In Ellen brown’s Response to Mike Montagne we also see her assertion that assumes a sum of interest can be spent into circulation by a representative government , however I would like to point out here Ellen fails to identify that a government cant just publish & spend that sum of interest, much less the principal unless one of us creates it first only ever as a sum of principal purporting to loan that sum of principal from a local bank, so in short here, its not only mathematically impossible for any publisher or bank to spend any sum of interest because banks or mere publishers of money public or private don’t give up consideration of value commensurable to any loan, but likewise what Ellen is suggesting is nothing but further exploitation Its a further obfuscation & purposed misrepresentation of our promissory obligations we have to each other .
The unwarranted interest we pay today on a purported mortgage for example is compound contrary to Ellen’s simple example of $5 interest on $100 purported loan, when realistically the sum paid to a bank on our personal but falsified debt would be $200 , particularly mortgages paid to the order of 2x the principal , paid out of a circulation that’s only ever comprised of some remaining principal at most, that was only purportedly loaned into circulation from the get go . See a banks Loan repayment calculator where its clearly obvious this is the case.
Now If Ellen believes a government can just publish, loan & or spend what we all pay out of circulation to local banks in principal & interest it would logically mean those of us who have a purported loan from a local bank would have to likewise then be directly working for the government or the bank somehow, which is quite unrealistic & a preposterous suggestion to say the least folks , where of course all of us with purported loans cant possibly work for government or banks, so as to earn back the principal & interest that has formerly been stolen folks, unless Ellen & Bill are suggesting a total dismantling or destruction of all private enterprise, possibly with the exception of thieving banks that currently interface with the people, that can only continue stealing from us regardless whether these banks are public or private.
Likewise Ellen fails to identify any sum of interest we pay out of circulation on purported loans is the very cause of price inflation on a whole, it always has since the very conception of banking. I mean its not rocket science that tells us the interest industry & commerce pays on their very own falsified debts is logically an added cost passed onto the consumer in the resulting cost of goods & services , contrary the lie of economy taught in schools & universities, which merely assumes without formal proof or qualification that price inflation is solely caused by a volume of circulation that’s above the initial principal cost of goods & services , when in fact this very assertion is a not only a contraction, but itself a LIE, simply because 2nd grade math tells us so long as we are paying any sum of interest on our falsified debts the price of goods & services can only artificially escalate, where increasing prices does not equate to increasing value or growth at all , not while the true value is really being stolen, X2 by all banks, which includes the Pennsylvania bank.
Contrary to the lies of economy propagated by so many today, nowhere in the entire recorded history of banking is there formal proof or evidence of circulatory inflation, not even hyperinflation, not so long as we the people are paying principal & interest out of a circulation that’s only ever comprised of some remaining principal at most, not even on perpetual cycles of reflation today, or what is an irreversible multiplication of artificial debt, where the remaining volume of circulation never ever exceeds the cost of all goods & services .
Price inflation on whole has always preceded re-denomination, which is the end result & very evidence of not only devaluation of our production, only artificially inflated by interest, but its a direct result of a theft of that value, where the remaining volume of principal in circulation has actually lost its value per represented property value & WHY one may ask ?
Simply because your paying more out of the * existing or remaining * volume of circulation per represented property value , NOT paying more out of an * increasing * volume of circulation per represented property value.
Now In all seriousness even if interest is ” allegedly” spent into circulation as Ellen & many other pretenders suggest why even impose a sum of interest on a falsified debt to begin with? when your only ever spending principal from the outset of any purported loan, unless your a thief of course who wants to falsify a debt to yourself pretending to loan money, or as Ellen suggests to fund government spending .
Well the question I ask is why do we then have to pay twice the value of a house to fund a gargantuan government who is not only giving up no consideration of value of their own in publication only pretending to create money, but in turn perpetually spending & or purportedly loaning this money back into circulation like there is no tomorrow to perpetually re-inflate circulation, or as Ellen suggests spending it on wages in the public sector, which can only be exorbitant to say the least , even spending it on infrastructure we may not even necessarily need, perpetually then re-inflating circulation over & over as we the people perpetually pay it out of circulation over & over ” principal & interest ” on all our personal but falsified debts to local banks, all along then artificially inflating prices in the process regardless.
If Interest is the inherent fault that not only artificially inflates prices & it does ,but likewise irreversibly multiplies artificial debt today, which It does, why not eradicate interest altogether & rectify today’s falsified debt into what a debt ought to rightfully be, were those of us who actually give up consideration of value pay & rightfully retire only the principal we create at the rate of our consumption, solving then inflation & deflation altogether , rather than trying desperately to no avail, only ever irrationally attempting to preserve the crime of banking, which is nothing more than an attempt to justify the very hand that steals from all of us.
I appeal to anyone reading this please if we comply with a *purported full reserve bank * , public or private it matters not , we may well lose our right & ability to issue a promissory obligation ( money creation ) altogether, & totally lose our true representation of wealth to each other for good , remember if you agree to a full reserve bank ( mathematically impossible ) you will be nonetheless handing our actual contract right to create money over to the criminals & thieves who have & still are misrepresenting our promissory obligations we have to each other, & you will be essentially duped into handing over this last right by your very own free will to those who are already deceiving & stealing from us all today.
I formally then challenge, ” Bill Still ” or ” Ellen Brown ” to debate on TNS radio.