0:00: Good day.
0:01: Good morning.
0:02: Good evening to some.
0:04: We're gonna start space soon and just waiting for a few more people to show up.
0:08: So, the purpose of today's space is mainly gonna be finance focused.
0:13: We'll delve in the history as well.
0:15: Go back at least a few 100 years.
0:18: Just add some contact Simon.
0:19: I sent you the calls if you want to take it.
0:23: So be co hosting with Simon when he's ready.
0:29: And so I'll briefly describe his his bio.
0:32: It's been in the finance industry for over 23 years.
0:36: He's very well versed in crypto should be part of the solution he'll propose based on the Blockchain.
0:42: Sorry.
0:43: Are you having a, well, let me at least urge you to be.
0:46: Oh, there we go.
0:47: OK.
0:47: He's in, yeah, he's very well versed in crypto finance.
0:51: He's got a pretty solid understanding of essential banking.
0:56: He's m he's got multiple degrees as well in economics plus the finance background.
1:00: So the ideal guy to speak on the subject.
1:03: I myself, I've got an M B A in finance, economics, economics degree.
1:09: I got a few degrees, but those are the ones we'll talk about today, also worked in the finance industry.
1:15: I've been a trader, I've been an investor.
1:17: I've done quite a bit over many years.
1:20: I just don't really talk about it.
1:23: So I've spent a lot of time studying the central bank.
1:26: I feel like usury is the root of all evil.
1:31: As it's what led, it's what leads to a whole lot of disorder and chaos as you've now handed over power, centralized power to the hands of a few.
1:42: And that's just a mistake.
1:45: So I'm not going to bring up many people.
1:47: Now.
1:47: It would be more of a discussion between myself and Simon Martin is supposed to show up as well.
1:53: Mace will come in when she does and then we'll take some questions and we'll have a, you know, discussion with the panel as well.
2:01: If there's any questions you guys wanna ask, feel free to put them in the purple bubble, but we will bring up people later.
2:10: It'll just be more of a call.
2:12: It a not, no, I don't wanna call it a lecture.
2:14: Not, not so formal, but you know, a conversation about global finance and the history of it, the theology of it and then a proposed solution to try to help people going forward.
2:27: So we know a lot of people are going through some difficult times with respect to finances as costs, keep going up.
2:32: Taxes just never seem to end.
2:35: There's always a new tax.
2:38: And, yeah, we wanna try to help people find and find solutions that are actually viable.
2:45: On that note, I'm gonna pass the mic over to Simon.
2:48: Simon.
2:49: Feel free to introduce yourself.
2:50: Thank you.
2:51: Ok, cool.
2:52: , yeah, so, thanks for having me.
2:55: , truth.
2:56: This is a subject that is near and dear to my heart,, because I believe it's the root of all problems.
3:05: I think we're all distracted by symptoms.
3:07: , and,, what I hope to achieve is that by the end of this people have a good understanding.
3:17: If anyone's listened to True Spaces over the last months and,, you, you'll know this is going to be a fire hose of information.
3:25: , but at the same time, we really want to leave with,, everyone feeling a bit empowered that there's actually solutions here.
3:35: So that's kind of the goal.
3:37: We just wait for a few more people to arrive.
3:40: If you arrive late, we'll obviously have the recording as well.
3:45: But at times,, one sec everybody, can you please?
3:50: Just before I forget, I always forget to ask, please retweet the space just so we can get a lot of people in here.
3:56: It is a recorded discussion so we're going to make it count.
3:59: But,, just to get it, you know, maximum participation, please retweet the space.
4:04: Thank you.
4:04: Go ahead, Simon.
4:05: By the way.
4:06: Martin, I pass you the coast if you want to take it.
4:10: Yeah.
4:12: So look, this mate, this mate, we'll, what I'll try and do is I, I've got a lot that I love to share.
4:19: And we want it to be comprehensive.
4:22: But sometimes we can go off the rails and cover things that aren't as relevant.
4:28: So I'm hoping that maize and truth can make sure that we, we stay on track, but I do want it to be comprehensive cos I want people to understand how it brings us to the situation that we're in today, how it relates to the current conflicts all around.
4:45: And it does actually start right at, you know, a, a theological beginning because we were, we were given guidance on how to run our financial system in many of the abrahamic religions, religious scriptures.
5:02: And so we want to start there.
5:05: We then wanna move forward into a bit of the history of economics just so people have got an understanding, not the really boring shit, but just the basic understanding.
5:17: So you can just see how we got here because we were on a debate the other day and I'm, I'm doing a bit of filler right now because we'll start seeing.
5:27: But we were on a debate the other day and it kind of dawned upon me like how people think that just because we're in the current financial system that we got here because it's the best system.
5:40: , no, it actually involved,, a lot of death, a lot of destruction and it's probably the worst type of system we could have ever have designed.
5:51: And if we were, you know, aliens and came down to the world and said, how would we design a monetary system?
5:56: , we've got enough history to know exactly how to do that.
6:00: Because we've seen everything that can go wrong.
6:03: And we, we're at the end of a really changing moment in, in the, in the debt cycle.
6:11: And I just, I'd love everyone to have an understanding of these concepts.
6:16: And then I think we're gonna do a bit of the whole history of central banking because this wasn't always the way.
6:24: And then that will, you can't have a conversation on central banking without understanding the oh, central banking caused all the wars.
6:34: So to understand central banking, it will help you understand every war, every conflict or the history that we've experienced.
6:41: And we'll try and get through that and then at the end, just wanna leave you with some of the work that I've actually done with countries that have actually implemented these solutions and they're currently freeing themselves from central banks.
6:56: And so give you some real case studies of countries that are actually doing this with the hope that you can tie it to your country's politics,, and understand how you can free yourself from central banking so that we can have less war in the world, which is,, what I think the goal is.
7:17: And so we want to make the case for that truth and I come from different perspectives.
7:22: , you know, if you've listened to any of your true spaces, we're, we're, we're pretty different in our delivery style.
7:31: The, the thing that you have to understand when you go into banking history and war history is, is virtually impossible.
7:40: Not to have very uncomfortable conversations around.
7:47: the, you know, the, the, the people that were involved in designing this financial system and that inevitably takes you to a conversation about Jewish people.
7:59: and sometimes that's uncomfortable, truth is very, very a fit at saying it.
8:05: you know, what he believes to be the truth and the cause of the problem.
8:09: I believe that there are some very, very, very val influential, you know, Jewish people that also have scammed a lot of Jewish people that have got no fricking idea what's actually happening.
8:23: And so hopefully this will be educational.
8:27: And then the idea of that is that, you know, everyone can actually understand what is, what is good, what is evil and how to get on the right side of history and how to prepare for it.
8:39: So that's that's what I'd say.
8:43: truth if you want, I can, I can just share like a little bit on background so that we can give context.
8:51: Sure.
8:54: Where are we?
8:55: So my involvement in finance has been about 24 years since the dot com boom and bust.
9:03: My father who was around during, he was born in 33 during world war two when England in, in a, a city called Bristol was being bombed, he experienced rations and that kind of set his personality.
9:20: He was born into poverty, the seventh son of the seventh son.
9:25: they had no money.
9:28: and they could barely feed themselves.
9:31: but eventually when good times came, he managed to make himself a self made millionaire.
9:37: and then in 2000, after working his whole life in order to become a self made millionaire, he lost it all in one go and suffered complete financial devastation in the 2000 dot com boom and bust.
9:50: and an entire lifetime of working hard and trying to break from that.
9:58: Yeah, he ended up losing everything.
10:00: So he asked me one question.
10:02: He said, son, where did my money go?
10:04: And I got obsessed with answering that questions and that was 24 years ago.
10:09: And I think for the last 24 years, I've probably spent every single day of my life in some capacity.
10:17: Being involved in finance, trying to understand the answer to that question and just reaching to the point where I am today.
10:25: So I started, I did a, a Masters in Economics at, in the UK University of Manchester.
10:31: I didn't talk about these things much then I thought it would be logical to work in banking.
10:35: So I worked as a stockbroker and then got a job in an investment bank where I was a market maker manipulating the price of stocks in order to try and make money for the investment bank, then worked in corporate finance, taking companies public.
10:52: And at that time, I was studying economics from what it didn't teach us in university because I realized that what I'd learned in economics at university was actually just propaganda.
11:04: And the real solutions weren't taught.
11:07: And it took me a while to figure out how the university system has actually been co opted in order to make you think that central banking is OK when it's not?
11:16: Ok.
11:18: And so I left banking and gave lectures around the world on monetary reform.
11:24: And would present to people at that time, it was very controversial to say to somebody banks create money and they'd, they'd laugh you out of the room and call you a conspiracy theorist.
11:36: But eventually it became self evident and more and more people understood it as the information age came through.
11:42: I wrote a couple of books.
11:43: The first book I wrote was Bank To The Future, Protect Your Future before governments go bust.
11:48: which outlined a complete transition of how to transition away from a user as debt based financial system to a debt free financial system.
12:02: I wrote that in 2011 and that was the first published book in the world to include Bitcoin.
12:08: And I spoke at the first Bitcoin conference in the world.
12:11: There was only about 100 people in the room at the time, Bitcoin was $3.
12:17: And it, it, we were trying to actually create a non fractional reserve bank.
12:23: We'd applied to the Bank of England to create that non fractional reserve bank.
12:28: And we got rejected because the Bank of England said to us.
12:33: So before you, before you go on with that, can you explain to the audience the difference between fractional and full reserve banking?
12:41: Yeah.
12:42: Sure.
12:42: Yeah.
12:42: So fractional reserve bank means that it's a bit of a misleading term because the way you're taught it in economics is that somebody put some money in deposit and then you, you're able to level that up by 10.
12:57: So if someone puts a dollar in the bank, you're able to actually create another $9 of digital currency.
13:05: And then you're able to, the reason it's called reserve is cos you're meant to have 10% on reserve and you have a fraction of the money, you know, a fraction of the money that is that you actually owe to your depositors at a bank exists.
13:19: So if everyone wants their money back and they want to convert it from digital form to physical form, the money doesn't actually exist.
13:29: And so that creates the potential for bank runs and the need for a central bank, which was part of the plan to have a lender of last resort so that you could end up with all the assets of distressed banks on the balance sheet of the central bank, or you could use it in order to support your bank and make reckless loans and accumulate all of the assets.
13:54: So essentially when you deposit your money at a bank, the bank becomes the legal owner of your money.
14:01: Once they become the legal owner of your money, they can spend it as they choose and they tend spend, they tend to spend it on issuing more loans on assets that they feel if you can no longer repay them.
14:15: then they can just repossess them, which tends to be real estate and property.
14:20: That's why, you know, it's a massive chunk of the bank's balance sheet is lending for mortgages.
14:26: You get a 25 year loan, you get interest on somebody's lifetime work and if they can't repay it, then you get to repossess the, the real estate and it can't run away and say that's why real estate is something that the banks love issuing loans on any individual case.
14:48: The other thing when they spend it as they choose is that they actually create digital currency.
14:53: So when we think of a digital currency, some people think of Bitcoin, it was actually the banks that created digital currency because through trickery, war and deception, they managed to persuade governments across the world to hand over something called cage to the private banks.
15:15: What that means is that when you create money, when you create digital currency, the bank actually increases the money supply and they lend as much as they think is reasonable to lend to.
15:29: And that's it.
15:30: That's why there is no fractional reserve.
15:32: You have to hold some assets at the central bank.
15:35: But really you can just balloon money.
15:39: as much as you would like to lend loans as long as you think people can repay those loans.
15:44: Cos the problem is is when someone repays those loans or they default money disappears.
15:50: And so through this magic mechanism of creating digital Euros, digital pounds and digital dollars, banks actually have the ability to create money, charge interest on it and control the amount of money that circulates in the world, which is by the US Constitution and the UK Magna Carta.
16:14: that is actually something that is the, the, the role of a government to provide a nation with its money.
16:23: but they outsource it.
16:25: And so money is debt and that creates a big problem because it's quite simple maths.
16:34: If you create $1000 of digital currency by agreeing to lend someone $1000 of digital currency, you charge interest on that.
16:44: So let's say you're charging five percent, then you want $1005 back or you can allow them to continually roll it over, create innovation like credit cards and various other things.
16:57: The reality is you never want them to repay it.
17:00: You just want them to be able to pay the interest forever.
17:04: because if they repay it, the money actually disappears and then you've got to find someone else.
17:09: And so when you scale that up, they want to try and do that at a bigger, a larger and larger and larger sum.
17:16: And so eventually it comes to the point where, well, can't we find very creditworthy companies to lend to?
17:22: And then it's like, well, can't we find very creditworthy sovereign states to lend to?
17:28: And then we need a system to just guarantee that even when we make those loans and the whole thing goes wrong.
17:34: We get a lender of last resort which introduces this concept of the central bank.
17:40: So a full reserve bank is the opposite.
17:44: So in the summary, with a fractional reserve bank.
17:47: When you deposit your money at the bank, the bank becomes a legal owner.
17:50: When they become the legal owner, they can spend it as they choose.
17:53: And when they spend it as they choose, they choose to create digital currency every time they issue a loan and they get to benefit from that and charge interest on it, but the interest to repay it doesn't exist.
18:09: And so therefore, the system is designed to fail and this is where you get at the crux of the scam.
18:16: Charles Ponzi is a very famous person because he created this thing called a Ponzi scheme.
18:21: And a Ponzi scheme means that as long as you can find new investors, then you can just go to people ask them to put some money in, buy some bonds and then you can say to them, I'll pay you five percent more in the future.
18:37: But if you don't have that 5% then you need to sell another investment product that covers both the 5% and the original amount you're trying to repay.
18:47: And that is the fiat currency system.
18:50: It's a Ponzi scheme, it guarantees that debt has to increase forever at an exponential rate.
18:56: And eventually it goes to a debt cycle that collapses and destroys everybody's wealth.
19:01: That is the end result of every fiat currency in history.
19:05: We'll go through some of that, but that is a fractional reserve bank, a full reserve bank says we wanna hold your money where you own it in custody and then when you own it in custody, you get to direct the flow of it.
19:19: and we don't create money every time we issue a loan.
19:22: So when we applied for a full reserve banking license, the Bank of England said to us firstly, we want you to put 60 million up front.
19:32: We didn't have 60 million.
19:34: And then they said, we also want you to build the infrastructure on top of a fractional reserve bank.
19:40: So go to Barclays and they wanna get a cut of every single transaction and then they leverage up the money for you, but you can hold full reserves.
19:50: So essentially what we discovered is that you cannot have a full reserve bank in the, in the, in the financial system because if you provided that safety to people's deposits, it would undermine the entire banking system.
20:07: And the most dangerous thing to fractional reserve banking is full reserve banking.
20:12: And so there's a very deliberate effort from the central bank to ensure that such a thing never gets to exist.
20:22: And so that was yeah, what we tried to create.
20:25: So we realized we couldn't create it.
20:28: And that's when you know, we, we were deep in, we were pretty deep in debt trying to create that bank, we were in the debt cycle.
20:37: And then eventually we flew over with our last bit of credit card debt over to that Bitcoin conference and realized that Bitcoin was creating an alternative system before you, before we move on to Bitcoin.
20:51: I just don't want the moment to be lost.
20:52: I want really stress the point about mortgages the amortization period and also this period of contraction and expansion that that's, that also leads to many foreclosures historically.
21:06: So just a quick summary of history, I won't delve too deep yet.
21:10: We'll get into it more later.
21:12: Between 1913 to present day, there have been 17 recessions.
21:16: So that's an average of every 6.5 years, around up to about seven years.
21:20: There's a recession, a recession just means two straight quarters of negative GDP growth.
21:26: So it's just a poor time of the economy during this time.
21:28: There's been a great depression as you guys are aware of since 1929.
21:32: So essentially World War two, there's also been the great recession from 2008.
21:35: These were the worst periods, financial periods during this time.
21:38: Proof that the Federal Reserve is a failure because its goal is to manage inflation.
21:44: Its goal is to manage unemployment.
21:46: It's failed on both consistently.
21:48: Now, with respect to what Simon was talking about on mortgages now that we know the time periods for expected, you know, contractions or failures in the market.
21:58: Guess what you ha you as the individual owner because that's the purpose of this space is for you to understand finance, you have to be able to survive given the current conditions at least 3 to 4 recessions while you have a mortgage between 25 and 30 year amortization, but they count on many people not to, there will be foreclosures because they're gonna raise interest rates on you.
22:19: The house may now become unaffordable.
22:21: Your mortgage may now be under water in which case it's opportunity for them.
22:26: And that's why they can count on fractional reserve banking because guess what, they don't even need to worry about you paying back or not paying back.
22:32: They'll just take the house back from you and lend it to someone else because they love having a collateralized asset like a home, a piece of property in the event that you're not able to make your payments because then they can foreclose on you what a great system where the homeowners essentially put out.
22:50: And if you think they just thought of this the last 100 years.
22:53: No, they've actually been doing this for over 2000 years.
22:56: They were doing this during the Roman Empire where people were put out of their houses because they could no longer afford to either pay rent or pay, pay their what, what, what was then the equivalent of a mortgage because of this fractional reserve system that allowed them to also increase rates when they wanted and decrease rates because there were no real caps at that time.
23:15: And even now if you're with a B lender, you may be subject to the same types of terms where you could all of a sudden see your payments double or triple, you may not be able to forge your place anymore and then you get put out of your place.
23:27: So you see, it's a rigged system that's very much unnecessary, but it's enabled by a corrupt federal reserve system that's been put in place in America since 1913.
23:38: I won't go into too much more detail yet.
23:40: I just want people to understand how the system is set up for most people, many people to fail.
23:45: There's a consistent foreclosure rate that happens in America almost every year because homes just become unaffordable.
23:52: If you think it's great that property rates have gone up from, I don't know, it's costing 10 or 15,000 to own a home up to several 100,000 just because some people were able to make a lot of money.
24:02: It's basically priced out many of the gen Z s who now just feel completely disenfranchised from the system, disenchanted with the system.
24:10: And this is a problem.
24:11: It doesn't need to be this way, but we'll get more into that soon.
24:15: Simon, I just want to emphasize the part because I'm also familiar with mortgages.
24:19: I've had a few myself and I know that it can be detrimental to the average individual.
24:25: So please carry on.
24:28: Yeah.
24:28: Awesome.
24:29: Ok.
24:29: , so, yeah.
24:31: , let's,, let's, let's start with the beginning then I think there's a enough background and, and,, hope that was, I think, I think we got like a nice foundation there just from having that back and forth discussion.
24:44: , but I think we want to start at the beginning,, and look at, from theology and I, I'm just focusing on the Abrahamic faith because my father was Christian.
25:00: my mother is Jewish and by faith, I'm a Muslim.
25:06: And so I understand those faiths a lot, a lot better.
25:09: There were times in my life when I relied more on Karma as I got further away from God.
25:14: And there are other times when like now where I feel closer to God.
25:19: But we can look at some of the ancient scriptures and I believe that God actually told us how to run a financial system.
25:28: And there's a few different scriptures that we can use in order to try.
25:31: And I'm fine now.
25:34: So, as a, as a Muslim, we believe that God gave us messages over time through prophets and through those prophets, various messages were recorded and documented.
25:52: And one of the very clear messages was that it's a cardinal sin to engage in usury.
26:00: And in the case of the Koran, it refers to river, which is the process of charging interest.
26:06: This is actually a constant theme.
26:09: And I know people may have various different religious beliefs, but in the Koran, we are taught that God gave us a message through prophet Muhammad.
26:22: And it was a documented verbatim and it was memorized.
26:28: And the theological history says that that was believed to be a message from God through Angel Gabriel to prophet Muhammad.
26:36: And that was documented and recorded without any kind of interference.
26:43: You know, since the original message.
26:46: And so we got various messages in there.
26:49: It also told us that God gave a message to what we were called prophet Jesus.
26:58: I know that's a different belief from a Christian perspective.
27:02: But in the gospel, which you call the Bible, which is a collection of stories.
27:06: If you're a Christian, in the gospel, there were various documentation around the financial system and how to operate it.
27:18: The challenge is is if you study theological history, Prophet Jesus peace be upon him.
27:26: That wasn't documented until several 100 years after the original message.
27:33: So we know for political reasons, many, many different versions of the, the Bible were created.
27:39: And therefore, as a Muslim, you refer back to the original message to find out what was truthful and what may have been changed over time.
27:48: We also believe that prophet Moses was given a message.
27:55: And that was in the Torah and the same thing, the Torah was never preserved.
28:01: And therefore, if we had the original Torah, the original gospel, and we do have the original Koran, then we believe that we would have to follow all of those and they would be completely consistent.
28:14: So what were the consistent messages about the financial system?
28:18: The first was that it's a cardinal sin to be involved in usury.
28:23: Usury is the process of engaging in debt and loans in a user way.
28:32: Now, some people believe that that means that just issuing a loan is is a prohibition.
28:39: Others believe that as long as it's not a user loan.
28:43: and then there's an element of subjective decision making in that process.
28:48: But what central banking did and then when we go through the history, it will make sense is it made it impossible for anyone to engage in a transaction without engaging in usury and without engaging in river.
29:02: So, God tried to warn us that this would be a very, very bad thing and it's a cardinal sin at the highest level, you know, on top of, you know, alongside murder or various other acts.
29:17: So it's interesting that he gave us that the other thing it said is that you need to take a percentage of your income and give it to those where markets fell.
29:33: Let's call it charity.
29:35: And you could call the argument of organized charity as a government.
29:41: So, but it was only there for a very specific reason which is to make sure that money gets to those places where market fails.
29:52: And you can serve those who are not served by the market.
29:55: Maybe someone that's got a disability, somebody that's come across hard times.
30:01: And that is really the role of charity.
30:04: There is a compulsory one and then there is a voluntary one.
30:08: And as your wealth grows, you can give more to the voluntary side.
30:12: But 2.5% is required to service humanity and to fight oppression of the different things.
30:22: The third thing is there's certain activities which are known as Halal and Haram, which may be, you know, where it's just degenerate and bad for society and therefore we should not engage in any of those activities.
30:39: And what's the other thing?
30:41: I got one more thing.
30:43: It also said that you need to, that the best way of organizing economy is free trade and free markets.
30:50: So what you find right now is governments, try and, or Psy ops, try and tell you that, you know, maybe Islamic finances, communism or something like that.
31:01: We'll go through the history of capitalism and communism when we go through the economics and then how it was weaponized.
31:07: And actually as a force dichotomy, there was actually a very deliberate and very unethical strategy by those that control the central banks in order to kill more people.
31:20: with those two ideologies.
31:24: But, you know, so you've got, then there's a, a role for money to be created and God gave us hard money, sound money and gold is a natural resource, it's a commodity.
31:39: And therefore, you know, this makes up the foundation of what we were taught.
31:44: You have your 10 commandments if you're Jewish or Christian, and you know, thou shalt not steal, thou shalt not kill, thou shalt not lie adultery, various other things.
31:56: But that makes up the, the, the bulk of the financial the financial system that we were taught.
32:02: And then we get stories from the gospel and the Bible where in the Christian finance side.
32:10: So I just gave you the Islamic Finance.
32:12: But in the Christian finance side, there's a very big story where, you know, Jesus had to whip out the usurers.
32:22: because usury was causing degeneracy and it was causing lots of problems and it's a cardinal sin.
32:29: And then you look at the prev preserved or the version of the Torah, whether it was we, we as a Muslim, don't believe it was the original message, of course, but if it was preserved, it would have said the same thing.
32:44: But in its later version, which when it was documented, it said that Jewish people or those of the Jewish faith, they are able to the usury is completely prohibited.
33:00: But only to your brother.
33:02: And that was interpreted as Jewish people are able to lend to non Jewish people.
33:08: but they they cannot lend or engage in usury to each other.
33:15: And so with that theological background, you understand why, as we get the history of central banking and the history of finance, that you can't avoid the conversation around Jewish theological history.
33:29: And what we were told are prohibitions by both, you know, in Christian finance and Islamic finance.
33:36: So I'll stop there and maybe truth wants to add something.
33:40: Sure.
33:40: Yes, thank you.
33:42: So, I mean, there's a famous saying, some say it's a misquote mistranslation from the Bible.
33:48: Money is the root of all evil Timothy 610 or the love of money here, I'll find out what they actually claim they meant.
33:55: Money is the root of all evil as a misquote root for all evils is the love of money.
33:59: I mean, however, you want to look at it and it generally leads to, you know, this generally one or two or three of the seven deadly sins, pride, greed, wrath, envy, lust, gluttony, slough, bad behavior.
34:13: You can sum it up that way.
34:14: So if you don't have your money systems in control, it just will, will lead to chaos, lack of stability in the system because as I mentioned before, with respect to, you know, expect a contraction or some kind of you know, disruption to the system every seven years, which then leads to things such as, you know, people getting kicked out of their homes because of foreclosures.
34:35: Well, this presents a great problem to greater society because you know, as you get foreclosures, as you get more homeless people, you get more crime, more crime leads to well, bigger jail population, that jail population can then be used for slave labor.
34:49: We see we're just going back to the old ages when slavery is banned.
34:53: So you see, it's a system that's set up by design to, to fail the masses and not benefit the masses and primarily benefit the bankers.
35:01: The, the part I wanna define a little bit more as usury.
35:04: What is usury?
35:05: Exactly?
35:06: Some would say it's just, you know, lending money for an interest rate.
35:09: Well, if you lend it a prescribed interest rate and say 1% and you keep it fixed, you know, then at least there's stability in the system.
35:16: But when you're able to do variable rate system, we're able to increase interest rates, decrease interest rates, you know, and then there's renewals that leads to again variability.
35:26: And it also again, gives bankers a reason to, you know, raise essentially what they're charging you for, for monthly, for monthly fees and also not just monthly fees, sorry, but you'll end up paying more for your essential mortgage payment.
35:39: So obviously presents problem and instability since it's your job, you're generally getting a fixed wage, it might be indexed to inflation slightly.
35:47: It's not gonna account for the variation of what the banks are gonna end up doing to what you're gonna end up paying.
35:54: And this is the instability they rely on to count on eventual foreclosures later that they can benefit from.
36:01: So as Simon mentioned, he brings in the religious aspect, you know, there's the the famous scenes from the Bible where Christ came in to the holy places of worship and flipped the tables on the users.
36:14: Now with most of the messages in the Bible are generally peaceful ones to turn the other cheek, to forgive thy neighbor, you know, to try to help those in need.
36:23: But you see when it came to usury, Christ came with a sword, there was no negotiations, there was no to love thy user, there was no to, is there a compromise here?
36:34: No, you just shouldn't do it because it's wrong.
36:36: It's a sin and it will lead to the essential, greater misery of all of society.
36:42: So it was never acceptable.
36:44: And people have to have to ask themselves the questions as to why the Jews in particular found a loophole.
36:51: Found an exception to this rule when historically speaking, it's led to so many different negative outcomes consistently and to bankruptcies consistently, which then would benefit bankruptcy, lawyers, accountants who would come in and rake their, you know, inordinate fees and get wealthy off the misery.
37:13: So you see, it's got ripple effects, this usury system that not only leads to the detriment of the average man, but it just benefits those primarily at the top.
37:23: So going back to what usury is, if there is just this prescribed rate where there's still stability, that could be perhaps admonished.
37:30: But when you've got a system that introduces variability and a the user, the lender to charge interest on top of interest and compound it and then you're dealing with interest per annum along with fees.
37:43: Now you see it's enabled the lender to make an unfair and unjust amount of wealth at the expense of the borrower.
37:50: This is a detriment to the system that's just not sustainable to the individual with respect to Federal Reserve and negative outcomes.
38:00: What is the whole purpose of the Federal Reserve?
38:02: Well, they're supposed to have a dual mandate, control, unemployment and control inflation.
38:07: What is inflation?
38:09: I feel like many people really don't understand how inflation works and why it's even there because it's made out to be something that's positive as if now my asset is increased in value.
38:18: That's a good thing.
38:19: But now all the expenses have also increased in value.
38:22: That's not a good thing.
38:23: Why has it?
38:24: People don't ask themselves a simple question.
38:27: We live in a society that's very tech based and it's got innovations, it's got scale, it's got automations.
38:34: All of this should lead to reduced cost of being able to make things.
38:38: So just basic economics, there's two factors of production.
38:41: You've got labor and you've got capital.
38:43: Capital is usually things such, I don't know your precious metals, your base metals, you know your cost of your cost to set up a factory and it can be variable, it can be fixed, et cetera.
38:53: That's capital labor.
38:55: It could be the man cost of labor or your cost of machines, et cetera, usually charge per hour, you can anticipate all of these costs.
39:02: Now, the problem lies in the prices for these goods to purchase them, keep going up every year.
39:10: But as it turns out, there's so much abundance of things like precious metals, whether it's gold, silver or for electric cars, copper, lithium, abundance of it and they keep discovering more of it deposits everywhere.
39:24: Well, if you've got massive supply of these metals, shouldn't the cost of the capital go down.
39:29: Well, it should, but for some reason, the cost of these batter to make these batteries still goes up, the cost of the car still goes up.
39:36: It does.
39:36: There's the benefit doesn't get received by the consumer.
39:39: And again, it's because there's just too many middlemen starting with the lenders of the bank, they keep recouping fees and adding to their interest costs every year.
39:49: And that just creates a problem.
39:51: The other issue with this system that doesn't get mentioned enough is taxation.
39:54: So, historically speaking, we've lived in a system that didn't require taxation and austerity measures when you didn't have a central bank in place because it wasn't necessary.
40:04: You weren't having to pay the interest payments on the debt collectively, it impacts everybody.
40:10: So you may not want to care about foreign policy in different countries.
40:13: It doesn't affect me.
40:14: It's arm's length, but you should care about inflation and taxation and devaluation of the currency that affects everyone across the board.
40:23: And we're going to get more into that a system whereby you don't have currency treated like a commodity that can be traded where you've got traders making again, inordinate amounts of fees and profiting off the system, creating arbitrage opportunities that just means making a profit opportunity for them again, at the expense of the smaller traders and others and society as a whole because now the currency can be devalued in different countries, especially when you're dealing with America, which is the imperial power that gives loans through the IMF and World Bank and then those loans, their interest payment has to be paid back in US dollars.
40:59: So now there's an opportunity to devalue the currency of that borrower country, let's say it's Egypt the pound, they can devalue that currency and make it more difficult and impose additional hardship on that country.
41:11: Just to be able to convert their currency from pound to us dollar to make the payment to the banks.
41:15: And if they missed the payments, no problem, we can lend you more money and keep you further in debt.
41:20: So you see the objective here is not to bring that country into, into balance or to help them develop economically and reach first world status.
41:29: No, it's to keep them in perpetual debt servitude.
41:34: That's the problem for everyone because these countries never end up developing and then their populations, many of them end up living in poverty and they end up some end up starving.
41:44: So you see there's an overall detriment to all of society because if your neighbor is starving and, and you have a country that's not able to develop itself economically, financially, socially, et cetera.
41:56: This leads to greater stability among the neighbors within the community.
42:00: By that, I mean, the countries within the region and that impacts the whole world and it benefits only the imperial power and those in power.
42:08: And I like to refer specifically to the crown, not the English Crown, but the other crown known as the one square mile city London because they are the ultimate benefactors of this system in place.
42:19: Not you and me, not anyone else.
42:22: Simon.
42:23: I can carry on with the conversation one square mile.
42:26: So you learn and I think it's an important one, but is there anything else you want to add to theology before we get more into history.
42:31: , no, I wanted to go into scenery next.
42:35: , do you want to carry on with your part or shall I get into it?
42:39: Sure.
42:39: I can add, I can add a little more.
42:41: So, not history yet then.
42:42: Right.
42:43: Yeah, we'll go,, senior age economics and then we're gonna get into the exciting bit, which is the bloody gory story of how the hell we got here with central banking.
42:53: Sure.
42:53: Ok, so I'll get a little more into the concepts.
42:56: Let's talk about inflation.
42:57: Many people don't understand inflation.
42:59: Why do we, why does there need to be inflation at all?
43:01: So I mentioned if you're able to control your costs as far as pricing your goods goes, you figured out how to automate scale that should reduce your price.
43:10: It should be a benefit to the consumer.
43:12: Then when you've got the tax add ons like you do for say your gas or petrol prices, your price is still high.
43:17: It just doesn't make any sense.
43:19: So now that's as far as the price to produce goes.
43:23: And I've mentioned the price of capital has the wage for the laborer benefited the way the price for inflation has.
43:31: And the obvious answer is no, I'd like to give the simple example of a Big Mac because it's very easy for everyone to remember a Big Mac in 1980 which I consider the lowest form of food cost 50 cents today, it's an average of $8.
43:44: That's an increase of 16 Acts in 44 years.
43:47: Well, what has your wages done?
43:49: Well, it's gonna vary per state.
43:50: Some, in some states, minimum wage is about 8, 10 or $12 an hour.
43:54: I think as high as 15, let's say it's 15, let's take the upper end in 1980.
43:59: Minimum wage was $3.
44:01: So at best, minimum wage has gone up five X to $15.
44:05: So you see, for the lowest form of food, which is complete garbage synthetic, all the rest you are now having to pay 16 X more for something that's 40% smaller.
44:14: Your wage only went up by five X.
44:16: So you can see inherently, this inflation built into the system is just not sustainable for the average person.
44:23: And unfortunately, there's a lot of people making minimum wage or slightly above who can't even afford the lowest form of food.
44:30: So I like to point out this example not to make fun of anybody eating fast food though.
44:34: You should stop eating it if you can.
44:36: But to point out that inflation is a problem and it's exceeding your, your, your increase in wages.
44:43: And as the system continues, it leads to starvation and people having to rely on food stamps just to get by to make up for the difference.
44:50: So 16 X just for a big Mac inflation, five X just on and that's on the upper end for minimum wage, which unfortunately there's people that are, that have to live on that.
45:00: So they'll end up having to get a second job where then you need two people in the household just to be able to afford two big unsustainable system.
45:07: Let me, let me just put it that way.
45:09: So what is inflation exactly?
45:10: Your consumer price index?
45:12: It's just what is the percentage increase in basic goods and also things like housing, oil and gas, et cetera, year to year.
45:20: So the target for the fed should be is they claim 2 to 3%.
45:24: But we know that's just not true.
45:26: How do they manipulate the equation?
45:28: Well, they're looking at what most people are buying on a day to day, week to week, month to month basis or what they're paying for basically from their bills.
45:35: So it's usually mortgage or rent oil and gas food.
45:40: It's, and I say car payments, et cetera, how they manipulate the equation.
45:44: So they can arrive at the desired percentage especially during election years because they wanna look good, they can increase or decrease the percentage representation of what, what is the, the biggest expenditure spent.
45:56: So for most people, about 50% of the wage goes towards housing.
45:59: Well, they can reduce that to 20%.
46:01: If housing has gone up a lot, they can do the same thing for oil and gas and that's how they're able to manipulate the equation for inflation to then represent numbers that are actually far lower than what the average person pays.
46:13: It might represent what it is for what healthy person who's already liquid and not really than just paying property tax and say cost of insurance.
46:20: But it's certainly not representative of what the average person pays.
46:23: And that's why it's a misrepresentative percentage, 2 to 3%.
46:27: It's just false for most people.
46:29: It's more like 15 to 20% because most of their wages goes towards housing, food and maybe oil and gas.
46:36: So that's inflation in a nutshell.
46:39: We're not taught this properly in business school in economic.
46:42: When you've taken economics classes, it's not, it's not properly reported unemployment and then, then I'll, I'll pause after that and I apologize.
46:54: This stuff is dry and boring.
46:55: But unless everybody has a basic understanding of what the purpose of the Federal Reserve is supposed to be, you won't understand that it's supposed not, not only a failed and rigged system, but it's also a misleading system that lies to the people consistently every year.
47:09: So what is unemployment?
47:11: Unemployment essentially measures the, the pop, it measures the number of people essentially that are out of work in very simple terms.
47:18: And they use an equation for that.
47:19: So they look at on the bottom of the denominator, they have the entire workforce versus those that are essentially employed and then they do sorry.
47:27: So they look at those that are able to work.
47:30: Right.
47:30: So that, that would be say, le le, let's say all males and females between the age of say 18 to 65 or seven years old.
47:37: I don't know if they've increased retirement age.
47:38: I don't think they have, I think it's still around 65.
47:41: They take that number and then they're essentially doing the division to figure out.
47:45: Ok.
47:45: So here's the percentage of unemployed people.
47:47: Now, what they don't count in this equation is how many people are either underemployed and also those who have given up looking for work that should be part of this participation, labor force, they're not included.
48:00: So you can see once again, they can mislead the public by saying, well, unemployment is only about 4.7%.
48:06: We're doing our job, we're under 5%.
48:08: But in reality, unemployment, real unemployment could be closer to 15 to 20% because it's not accounting for those who've given up looking for work and those who are just unemployed or those who just have to retire early, maybe because of injury, they're all excluded from the equation.
48:22: So once again, you see the Federal Reserve lying to people when they report these false numbers on unemployment and also inflation.
48:30: So that's some basic microeconomics that everyone needs to understand.
48:34: So they can realize that this Federal Reserve that claims to be essentially the, the gatekeeper for financial health and stability.
48:41: It's supposed to bring stability to the markets has consistently failed and consistently deceived the masses.
48:48: And this is a problem you shouldn't.
48:50: And also they are unelected and they're a private entity registered in, in again a foreign autonomous area.
48:58: That's beyond our approach and beyond legislation.
49:01: So quickly on the one square mile of London, there's about 750 businesses registered there.
49:05: Many of them foreign such as the Federal Reserve and also including the Bank of England.
49:10: Not even King Charles can set foot in the one square mile city of London to dictate to them.
49:15: What to do.
49:15: Not a single law in the UK Parliament or Congress or the Senate can be passed to undermine their authority.
49:22: They're essentially above the law, you do whatever they want.
49:25: They're a committee of 12, they have their own mayor, their own police force.
49:29: They're their own autonomous entity within the city of London and it's right smack in the middle of London as well.
49:35: Go and take a look for yourself and see for yourselves that if you ever visit the city of London, I, I think Simon's familiar with it and you'll see for yourself just how, I mean, you, you don't realize what this place is and what it actually entails and that the, the concentration of power within the world is in this one location.
49:54: It's more powerful than DC Washington DC is more powerful than the Vatican because they essentially run both and not not enough people realize what, what kind of problem this creates when you hand authority autonomy on your financial system to this one entity.
50:10: And you allow bankers, most of whom happen to be Jewish, but based on lineage, the power to be able to dictate what your currency will be worth.
50:18: And you're, and also you're handing over your ability to transact to these people that do not have your interest at heart.
50:24: They do not operate for the best interests of the masses.
50:28: They operate for the best interests of the shareholders, being the bankers.
50:32: I'm gonna pause there and I'm gonna hand it back to Simon to carry on with theology and then we can get into history when he's ready.
50:39: Ok.
50:39: Cool.
50:40: Yeah, I think we're, I think we're done with,, theology.
50:43: , I just want to add a few points and I think this, hopefully this format is working for people.
50:47: , but we, there's a lot of concepts here that we want to get out and so you might wanna watch a recording, share it with others, listen to it again.
50:56: , but, you know, we, we were really want you to have something that's very useful and further you forward in your understanding.
51:03: , and when we do cover the history of central banking, you'll actually start to realize how sinister it is and that relationship between the Bank of England, the Federal Reserve.
51:15: , and how hidden and secret that is and who is actually in charge of it and versus what we've actually been told.
51:25: And we're led to believe that it's this legitimate institution that's looking out for those goals that you know, truth told us.
51:32: I won't repeat them again.
51:34: But I do want to cover one more thing on inflation while you said it the bit that people that, that so firstly, inflation, when you go to economics, they, they make it out like it's this inevitable thing that has to happen.
51:48: And I'll go through a few of the, the basic economics parts that we're taught.
51:53: So you can just understand how we got here.
51:56: But what we're taught in economics at university is a sc it is a sponsored curriculum in order to build minions that work within the financial system.
52:09: And don't question the basic principles of what economic philosophy used to debate and used to question.
52:16: And in fact presidents and Prime Ministers across time got assassinated over in order to fight to ensure that these economic models do not perpetuate our economies and ruin our economies.
52:31: But we don't get taught any of that in, in economics, we just get taught to mathematically prove the things that they've told us.
52:38: And so there's a whole indoctrination there around the curriculum that we're actually taught and that will come out in the history as well.
52:45: But the inflation is, it is a hidden tax.
52:48: It is sinister it doesn't have to be there.
52:51: And I'll explain it in a couple of ways.
52:53: The first is you gotta understand cumulative inflation.
52:58: And so about four or five years ago, many people were probably at the point where they couldn't afford to buy a house and the cost of goods.
53:09: And in some cases, people were choosing, depending on how much debt they have between eating and heating was like a phrase that was put on our TV.
53:19: And then after that, we got like to about 10% inflation.
53:23: Now I'm talking about European Union.
53:26: I'm talking about UK, I'm talking about you know, America.
53:32: At the same time, our brothers and sisters in Zimbabwe were experiencing 900% 900% and we were choosing between eating and heating on 10% inflation.
53:46: Our brothers and sisters in Venezuela, which everyone is trying to close the borders to right now because it's creating a refugee crisis.
53:56: They got 1.8 million% inflation in 2018 8 million% inflation over from since 2016 to today.
54:11: And that is all because they fought against what we're taught in economics.
54:17: And the traditional central banking system, the economic hit men destroyed wealth and created a refugee crisis and created complete cor corruption and the complete destruction of an economy that wanted to engage in some kind of monetary reform.
54:38: And when we go through the history, you'll notice this now, when we say 10% inflation, which is what was so destructive to people and led to people in America having to queue outside gas stations to try and fill up with gas because they don't want it to be too expensive the next month and they're not quite sure how they're gonna make ends meet.
54:59: This is cumulative inflation.
55:01: Cumulative inflation means the, it was already a price you couldn't afford and now it's gone up by 10%.
55:10: Now it doesn't come down and only go up by 3%.
55:14: This was the 10% on what you could already not afford.
55:18: And then there's 3% on top of the 10% and then there's 3% on top of the 3% on top of the 10% on top of what you already could not afford and your wage is not going up at the same rate.
55:30: So this is a complete confiscation of your wealth and it's a hidden tax and it is a much greater tax than the tax that you're already paying.
55:42: And what I want you to understand with this concept to get to the root of the scam is there's something called scenery scene.
55:50: It is the process of creating money and there being excess value.
55:57: So I'll give you an example in the UK, if I print a 20 pound note, the Royal Mint has said that it costs approximately three pennies to print a 20 pound note.
56:14: And so if the government prints a 20 pound note through the Royal Mint and it costs three pence, there is 19 pounds 97 profit that is generated from creating and printing money that's called scenery.
56:34: And that scenery is, actually a real profit from the creation of paper money at the moment.
56:41: And what happens to that is, it's printed at the Royal Mint and the three, you know, the three pennies is covered through normal costs.
56:49: And there's 19 pound 97 they sell it to a bank to put in the ATM.
56:54: So the bank actually has to buy that money.
56:57: The bank lowers its balance sheet because it needed to buy it.
57:00: But the government or the treasury that printed, it earned ÂŁ19.97 profit.
57:07: this is called scene and what it does is the more scene you have in an economy by the government, the less tax you have to pay because the more scene there is it reduces the amount of tax that they need to charge upon their citizens.
57:24: And now you start to understand that for 5000 years, gold was the only thing that gave us inflation free money where we could buy the same goods 5000 years ago with an ounce of gold as we can buy today.
57:39: But there has been a battle and the profit from scenery is so great, so immense that it was the fight of all fights in order to try and achieve and it was stolen from government.
57:55: And every time it was stolen from government by creating a central bank that gets that scene, it was also coupled with a tax reform.
58:07: And so every tax that you get, every income tax corresponds with the launch of a central bank.
58:15: And so when the bank of England launched and it took away the cage power from the government.
58:21: Why did they do that?
58:22: Well, because they wanted to create a scam and they wanted to obfuscate financial transactions so that they could out of thin air, be able to fund a war without asking people to voluntarily fund the war.
58:38: Prior to that, if you believed your country was at risk, then the country would reach out to its citizens and say, would you buy this war bond?
58:50: And if you thought it was a justified war, you might invest in it through patriotism or nationalism.
58:57: But they needed to figure out a way of attacking and the government wanted the money and the central bank wanted the signage and they wanted to obfuscate the process.
59:09: So the government came up with the deal with the central bank and they were forced into certain deals at times which will cover when we do the whole history of central banking.
59:21: And it is very dark and very sinister.
59:24: And then you combine that with debt based money.
59:29: So the government, when it sells $9.97.
59:32: It just simply sells it to the bank.
59:35: The bank puts it in their ATM and then if you wanna exchange their digital currency for some physical cash, you go to that ATM.
59:42: There's no debt involved in that transaction.
59:45: But when the bank creates it, they create it as a debt and that debt incurs interest and the money to repay the interest doesn't exist.
59:54: And so you create a perpetual debt cycle that then you need to come up with economic theories to make people believe that because all money is debt.
1:00:06: If you want more money, you have to have more debt when you're dealing with a central bank.
1:00:12: And if you want less debt, you have to have less money, boom, bust cycle.
1:00:18: And so all you need to do is create economic models that makes people believe that boom and bust is inevitable, predictable, guaranteed and inflation is the way to fix it by increasing the money supply.
1:00:30: And that is the history of economics.
1:00:33: And when we go through the history of economics, I want you to understand why certain models were taken out of the curriculum.
1:00:43: And the only models that were left in was debt based money.
1:00:48: And as I said, if you were to design a system from scratch, nobody would come down and say in order to have more money, somebody has to borrow it into existence and then you need to repay it plus interest.
1:01:00: But in order to pay the interest, you need to borrow it again until eventually everything's in debt.
1:01:07: And there is a complete destruction of the money supply because we have to keep creating it in order to pay down the debt, the old debt, you'd say that's a Ponzi scheme send made off to prison.
1:01:19: But that's exactly what the Bank of England and Federal Reserve scammed upon us and used the university system in order to justify it so that the financial industry could make this industry so complicated that you all just hand over your money every month.
1:01:37: So contribute to my pension.
1:01:38: I don't know what to do with this whole thing.
1:01:42: poured together all my insurance money, poured together all the college and university money into an endowment fund and please just take care of this for me because I've got no idea what's going on and then they can charge fees on that.
1:01:55: So then you get to the root of where we are today, just excessive complication justified by a university curriculum, which we'll go through to hide up a very evil and sinister scam that led to you paying taxes because the government gave away the senior age income and they had to find a way of you paying the debt to the central bank and the banking system in order to keep the whole Ponzi scheme alive for as long as they can.
1:02:24: Why did they do it because they needed a un, an unt transparent way of funding wars.
1:02:32: And then those at the central bank could say, well, what if we could create wars?
1:02:37: What if we could destabilize regions?
1:02:41: What if we could ensure that some countries never get to prosper?
1:02:46: What if we could ensure that some countries never get to live in peace?
1:02:51: And what if we could have so much power that whenever any leader or any country or any government tries to create a financial system, not based upon debt, we just assassinate them and kill them.
1:03:04: And so I'm gonna pause there and hand over to truth and then I'll go through economics and then we're gonna go through central banking.
1:03:12: Sure.
1:03:12: Thank you Simon to follow on that point just with respect to countries that have faced the wrath of these bankers, some of the biggest countries in the world, many of you know, have faced this wrath talking Russia Prussia slash Germany, Italy, the UK, France, Japan and America.
1:03:32: They've all faced the wrath of the bankers, they're all subjected to these bankers.
1:03:37: So what needs to be understood here is the power imbalance with the relationship for the average person.
1:03:44: I think it could be understood that the lender has power over the borrower.
1:03:48: That's at the micro level.
1:03:49: Now consider the macro level when a country, an entire country is subjected to the the mercy is, well, what mercy, if only there was mercy.
1:03:59: But the borrower being, the country is now subjected to the the whim, the wills of a lender and that lender a small concentrated entity, the one square mile city of London can decide the fate of that country at a moment's bonus if they want.
1:04:16: So, Simon mentioned wars.
1:04:19: Why are there, why have there been so many wars?
1:04:21: People think it's just could it have been this just because of an assassination?
1:04:25: Like when you know, Austrohungarian emperor?
1:04:29: Well, France Franz Ferdinand was essentially assassinated and that just leads to an entire world war.
1:04:34: All these countries getting involved is that just a coincidence was this by design?
1:04:41: What happened the year before in 1913?
1:04:43: It was the establishment of the Federal Reserve, literally just a few months before in December of 20 of 1913 and a few months prior to that in February 1913, you had the establishment of the Income Tax Act.
1:04:57: Just a coincidence.
1:04:59: I think not, I'm gonna back up just to give some context on taxes because it's a very important concept and I don't want it to get missed.
1:05:08: People think that paying taxes is patriotic and therefore those who don't pay are unpatriotic.
1:05:13: You see, they've socialized, normalized and conditioned people to believe I need to pay taxes because it's patriotic.
1:05:21: Whereas in fact, you're, you're living in a system where they can, where they can print on it.
1:05:25: Well, not physically print digi digitally print unlimited amounts of currency anytime they want without having to get any type of authorization from Congress or in with the UK from parliament.
1:05:37: They have this type of power with respect to monetary control.
1:05:42: They've bypassed the American, the British and essentially the world public where they can do essentially whatever they want without any authorization or approval from the public.
1:05:52: And these are unelected officials.
1:05:54: This is an unelected entity that's able to do this and many people just don't understand and they're misled by the fact that it's Congress that makes Bills turns them into laws.
1:06:05: But in fact, they have very little power, discretion and control when it comes to m monetizing any of these policies that they seek to do.
1:06:13: It's really up to the Fed to decide what they can and can't do.
1:06:16: Now, I'm gonna explain how the Fed works with respect to how they charge interest.
1:06:22: So when Congress or the Treasury needs money, they create what's called treasury bills, who's buying those treasury bills?
1:06:29: It's the Federal Reserve, the Federal Reserve will buy it and then charge interest on that loan essentially.
1:06:35: What is the treasury bill?
1:06:36: In very simple terms?
1:06:36: It's just an I owe you.
1:06:38: So in the future, I will pay you back.
1:06:40: But in fact, it never gets paid back.
1:06:43: That debt that continues to accumulate the federal debt, the national debt, there's never any intention to pay that back.
1:06:49: It's a perpetual debt.
1:06:51: What they do want out of that is just the perpetual interest payment on that debt and that just continues to rise until it gets to a point where what's paying off just the interest payments, which is supposed to be taxes will, will one day be just under what's owed on the interest payment.
1:07:09: And that's what will lead the system to crash.
1:07:11: And that's the path the trajectory we're on now.
1:07:14: So what's documented on paper right now is about $35 trillion worth of debt.
1:07:19: Some say about 1718 20% of that of the GDP goes just towards debt financing.
1:07:27: This is unsustainable.
1:07:29: But the part people don't ask is why are we paying any taxes?
1:07:32: Why is there this austerity measure if they can just print unlimited amounts of money?
1:07:37: Valid question?
1:07:39: Well, they don't need your tax money because they can just print whatever they need to build whatever they want.
1:07:45: The issue is though, they prefer to do handouts to the likes of the military industrial complex to build weapons for war.
1:07:52: Wars are very profitable.
1:07:53: It's very profitable for, I like to call them pretty much state grown industries.
1:07:57: If you're able to just get a handout to build weapons, just like Lockheed Martin Boeing Raytheon, general dynamic get this is more like communism and not capitalism anymore because they didn't have to compete for that business.
1:08:09: They didn't have to try to build the best weapons.
1:08:11: They essentially have a monopoly on their ability to build the weapons that they want, invest to the degree that they want.
1:08:17: So they can build these weapons of destruction to both use and to sell to other countries to wreak havoc.
1:08:24: And then either do takeovers regime changes, invasions, nothing positive.
1:08:30: And the events budget now in the US is around a trillion dollars, a trillion dollars for what exactly to manage about 800 bases around the world and impose Western imperialism.
1:08:43: So you'll see this system in place with respect to wars and the benefits of the banks.
1:08:48: It's unsustainable.
1:08:50: It's meant for wars because wars are very profitable, profitable in many ways, it's profitable to build weapons.
1:08:56: It's profitable to invest in the army.
1:08:59: It's profitable to then do invasions or regime changes and, and install corrupt puppet regimes that take orders and then take loans.
1:09:09: The loans get collateralized against natural assets of that country so that when they default, they get to essentially steal the resources of that country.
1:09:16: The system is worked pretty much all across the world where there's resources in the Middle East, in Africa, in South America.
1:09:25: Isn't it convenient that these countries that are so rich and should essentially be self sufficient and be net exporters of their own wealth are having to be dependent on loans?
1:09:33: Nobody asks why, why are they taking an IMF loan?
1:09:36: Why Angola which has diamonds and oil?
1:09:37: Why is it broken?
1:09:39: Why did it have a 46 year civil war as if it just happened on its own in a vacuum.
1:09:43: People don't ask for what was the cause?
1:09:46: Well, well, why were, why were the Portuguese and Spanish colonizers causing this war while they're stealing the assets?
1:09:52: Why the same thing in places like Burkina faso and, which has a lot of gold.
1:09:56: Where did their gold go?
1:09:57: Where is the gold sitting now?
1:10:00: People don't ask.
1:10:03: So, Simon, should we get a little bit more into the history now?
1:10:07: Yeah.
1:10:07: All right.
1:10:07: So let's do a little bit of economics.
1:10:10: And then the really exciting bit is central banking.
1:10:13: So a bit of history of economics.
1:10:16: So economics because, you know, gold was always money.
1:10:23: There was, and we had our religious scriptures and the abolition of usury was built into all of the ethical structures.
1:10:34: You know, it was, it was kind of just taken for granted that usury was bad and then I talked about it.
1:10:43: It was always done because those, the, the interpretation of the Torah was that you can lend to non Jewish people, but you cannot lend to from Jewish person to Jewish person.
1:10:58: And so if you look around the 14th century, most of the philosophy which made the foundation of economics came from the religious scriptures.
1:11:09: And so, you know, the most common philosopher was an Islamic philosopher called Ibn Kalu.
1:11:18: And as we said, Islamic economics and Christian economics and Jewish economics that didn't put usury into it ended up with free trade with gold as hard money.
1:11:31: And every time they deviated from gold, they ended up with a complete mess.
1:11:36: They had prohibited activities which were normally enforced through either religion or cultural or law.
1:11:46: And then compulsory vol and voluntary charity that ended up getting institutionalized through an institution, you know, like a, that would end up being called a government in the end, in order to coordinate charity.
1:12:02: you know, at a, at a more sustainable way, there's important things here.
1:12:07: When we got the whole concept of the state and, you know, before we had colonies and we had em empires and we had all this thing.
1:12:15: But once we got this concept of land ownership and borders, certain countries were left with natural resources.
1:12:24: So some countries were able to dig gold from their ground and that would lead to a gold rush.
1:12:32: And over time, the supply of gold with all the mining, over time, there were times when we had a gold rush, but approximately every year, on average 2% more gold is dug from the ground.
1:12:46: And because of that, because it was only 2% it created a store of value that lasted, you know, from the pre you know, well, the, the history we know is that from at least the Egyptian Times.
1:13:00: But if a country ended up with natural resources, it had two choices.
1:13:06: If it later, you know, if it later discovered oil and it turned out that oil was the basis of our economy and natural gas, then the government could either privatize it or it could use it in order to prevent the need for paying tax.
1:13:21: So if you wanna prevent an economy, paying tax, you've got two ways of doing it, you either create money and benefit from scene rather than giving it to the central bank where the central bank benefits from the scene or you can sell those natural resources.
1:13:38: You can use them on your own economy, you can generate economic activity or you can sell them to those that don't have those resources, but all of those if utilized by the government or the organizing principle, it can reduce the need to pay tax.
1:13:55: And so this kind of led to two different types of thoughts.
1:13:58: Should you nationalize that in the interest of you know, the country or should you privatize it?
1:14:08: Because you believe that a company, a private company can organize it in a better way.
1:14:14: Well, central banking was a way of inflicting usury on those countries so that you could then end up privatizing those natural resources for the benefit of another country.
1:14:30: And then you get to, you know, kind of the the more exploitative understanding of how usury can be used.
1:14:39: And so it created this Game of Throne, let's call it where those that could use usury in the most unethical way, ended up becoming the beneficiary of the system.
1:14:51: And I think this is why God told us that usury is a cardinal sin because it brings out the worst in human behavior.
1:14:59: And so that natural resources could have been used in order to reduce the amount of tax.
1:15:05: But you know, when you have a, a debt based system, you have to have tax.
1:15:10: And as I said earlier, the introduction of tax in both the UK and the US corresponded with the introduction of the central bank and that was done because the very same people that created the central bank and where the shareholders in that central bank were also the same people exerting influence in order to change the law to find a way where not only do you have to pay inflation, but you also have to pay tax so that they can cover the interest on the debt.
1:15:42: And so this led to a real heated debate in economics around what's the best way of organizing these different nation states.
1:15:51: And how do we create money?
1:15:54: And what happened later in economics is we forgot about the money conversation, we took it out of the curriculum, we just assumed that central banks would create money and we forgot to debate that and we took out from the history books, models, like what happened in Russia, what happened in Germany, what happened in France and all of the different use cases that didn't meet the narrative of the indoctrination that they wanted you to learn within economics.
1:16:24: So throughout the 15th and 18th century, the predominant form of economics and this coincides with when usury became a real big problem because nation states wanted to borrow more and more and more.
1:16:41: And so the economic thought that was used to justify it was called mercantilism.
1:16:46: And what mercantilism is is it says if you've got resources within your country, then you need to minimize imports and try and you know, use your own resources in your own country and you need to maximize exports.
1:17:03: And so under you can imagine when this goes wrong, a country like Africa, you know, some, some league, some country within the African region, let's say they could have all of these resources.
1:17:15: But under mercantilism, it may be more beneficial to take your resources and sell them abroad.
1:17:22: particularly if that is a requirement of a user loan that you take and leave the people within your country without those resources.
1:17:32: And so when you have systemic debt and usury in the system, you get this crazy scenario where a country may be incredibly resource rich like Venezuela, for example, and yet the entire country is in complete turmoil.
1:17:50: And they have excessive debt to an organization, for example, like the IMF but let's look at mercantilism, this was the justification for the economic model.
1:18:00: that was firstly done by the Dutch Empire and the Dutch Empire had the Dutch guilder which was a gold backed currency.
1:18:09: And the Dutch Empire pretty much created capitalism as we know it today.
1:18:15: But also mercantilism was adopted by England, by France, by Portugal, by Spain.
1:18:22: And this is why they were always at war because they were trying to borrow as much from the usurers as possible at the same time as maximizing their exports, but minimizing their imports and it created a game of throne scenario and the weapon that you needed in order to win that game was the naval fleet.
1:18:46: And so what happened is capitalism as we know it today, which as you'll find out when we go through this pure capitalism and pure communism is actually a concept that the central banks use in order to benefit from both sides of the equation in the end.
1:19:04: Because they created wars where capitalist countries were always at war with communist countries in a fake ideology where they were actually both operating from the same user system, but a slightly different version.
1:19:20: And that was very deliberately engineered the Cold Wars, World War One, World War Two, the Napoli, you know, the we'll, we'll go through them when we do the history of central banking.
1:19:29: But capitalism, as we know it today was created by the Dutch Empire.
1:19:33: It was based upon the Dutch Guilder, which was a gold backed currency and it was one of the most productive economies in the world because it had a, a shared vision.
1:19:44: It was a very productive economy, but it created various different constructs.
1:19:49: One of the first things it did is it created a central bank, but it wasn't a user as central bank.
1:19:54: Initially, it was a central bank where you could store the Dutch guilder.
1:19:59: And it would facilitate international trade in order to maximize exports and imports for the Dutch Empire.
1:20:08: They had commercial paper which was their form of a paper version of money.
1:20:14: And it was backed by gold that was stored at the central bank.
1:20:19: They also created the first public company on the stock market.
1:20:23: It was called the Dutch East India company and it was able to use sell the profits from Dutch colonialism and Dutch mercantilism and share it with everybody that bought those shares.
1:20:38: And so it was sold to the Dutch people.
1:20:41: And obviously the usurers and bankers would have been heavily involved in getting those shares at the most profitable rate before it was actually sold to the public.
1:20:52: But the Dutch East India company invented efficient naval fleet ship making and they outsource the ability to create these ships to cheap labor.
1:21:03: Think about America right now.
1:21:06: It outsources to cheap labor in China at the time, the cheap labor was the British.
1:21:13: The British wasn't go, wasn't doing as well as the Dutch.
1:21:16: We didn't have a central bank, we didn't have usury.
1:21:20: We didn't have you know, a any of those things at the time.
1:21:24: And so the bri the Britain was for cheap labour and they created the understanding of how to build these naval fleets and these ships.
1:21:35: And because they could use the cheap labor, they did it in the most profitable way.
1:21:39: And they created the first public company in a stock market where people could speculate on the value of that colonialism in by going in and ex you know, going into other countries and, and they monetize, you know, war and colonialism and piracy even.
1:21:57: basically, now it wasn't until the England figured out that it could build its own naval fleet and create the British East India Company and use the Bank of England in order to try and get more ships produced in order to fund more wars as well.
1:22:21: So England eventually created the London Stock Exchange, it created the British East India Company, which was how it funded colonialism initially.
1:22:30: And then it also created the Bank of England, which was a private bank in order to fund who was gonna be the empire of all empires.
1:22:41: Was it going to be the French or was it gonna be the English?
1:22:46: And to give you an example of some of the things and exploitative behaviors that happened through these organizations.
1:22:54: One of the expeditions was into Ghana and Ghana was gold rich.
1:22:58: The idea with mercantilism is that you maximize exports and you minimize imports and you store value in gold and you try and accumulate as much gold as you can to back your currency and then your currency becomes the world reserve currency.
1:23:14: That was kind of the economic thought behind it and what we used to do.
1:23:19: So, for example, we went into Ghana and Ghana, their currency was called Agra beads.
1:23:25: And Agra beads were like these natural beads that you could African princes and kings could wear across their necks.
1:23:34: And you could demonstrate how wealthy you are and by demonstrating how wealthy you are, you were able to attract like the best mate or partner.
1:23:43: And you could demonstrate your wealth and but it had this fixed supply because they couldn't find any more of these agri beads.
1:23:51: And so what the Europeans did is they created a company and invented glass making and they figured out a way of copying the Agri bead.
1:23:59: And so they created a new version of the agri bead that completely destroyed the currency because they came in and said, we want to buy your gold and we wanna buy it with these agri beads.
1:24:11: And so they thought it was a fixed supply Agra Bead.
1:24:14: But we were actually flooding the market with these new Agra beads that created hyperinflation of the Agra Bead currency.
1:24:23: But the supply of gold was not hyper inflating.
1:24:27: So we ended up with Ghana's you know, much of the gold that we took away by destroying their currency through hyper inflation to the detriment of the Ghanaian people.
1:24:39: And then we used those naval fleets that we built in order to build the transatlantic slave trade.
1:24:45: And we brought back many of those Ghanaians over to England in order to build some of the most, you know, amazing architecture that you can still see today if you walk around London.
1:24:58: And the UK another thing we did is we went to India and we said, right, India's got a lot of gold and then we went to China and said, China's got a lot of silver.
1:25:10: So we've got this British East India company in order to try and get more of the Indian gold.
1:25:19: We can use their poppy fields and use their resources and use their cheap labor.
1:25:25: And we can take that into China and we can invade China through Hong Kong at the time that was owned by China and we can get their people addicted to opium and that was the opium wars.
1:25:39: So we had to create a bank in order to do that.
1:25:41: So we created a bank called H S BC.
1:25:43: And H S BC was a money laundering drug dealing bank that we created in order to get China addicted to opium.
1:25:53: so that we could then force them to trade with us because China didn't want to trade with us.
1:25:58: They were very internal, they were following rather than mercantilism, they had their own economy and they didn't want to trade with us because they had everything they needed.
1:26:07: So we forced them to trade with us.
1:26:09: And we ended up pillaging a lot of their silver.
1:26:13: We ended up taking over Hong Kong and then we signed, you know, an agreement in order to hold that Hong Kong for about 100 years.
1:26:22: And we created a little mercantile corner in China in order to inflict a century of humiliation upon China.
1:26:31: So they're kind of getting their revenge a little bit at the moment.
1:26:36: But this was the, the existing model, we then decided to change the model slightly from mercantilism because it turned out that having bad relationships with all your neighbors requires you to have more and more cannons and more and more guns and to defend yourself from attack.
1:26:58: And that got really, really expensive.
1:27:00: And eventually the British Empire reached the point where it was no longer profitable because we were spending so much money on attacking and defending and we weren't bringing in enough goods.
1:27:13: And the model was really becoming, reaching the point where it was impacting our own currency because people were taking the British Pound, converting it into gold and all the gold that we were stealing from other countries ended up in other countries as well.
1:27:27: And so Adam Smith came out around this time and published a book called The The Wealth of Nations.
1:27:34: And the Wealth of Nations said that you need to have a laissez faire classical economy.
1:27:42: There's this thing called an Invisible Hand and the economy just takes care of itself if you just leave it to do natural things rather than having these government interferences.
1:27:53: And you need to make the government as small as possible.
1:27:55: And it was a bit of a return back to some of the original economic philosophy.
1:28:01: We actually put in the British case, we put Adam Smith on our 20 pound note when when we were actually printing our own notes without the Bank of England.
1:28:12: And so that was our senior age income and this was the foundation at which the US Constitution was built as well.
1:28:20: So it, after about 10 years after the publication of the Wealth of Nations, the founding fathers of America that were, you know, having trouble with the Brits, we'll go through a bit of that when we do the history of central banking as well.
1:28:37: They,, you know, they, they created the US Constitution based upon Adam Smith's wealth of nations.
1:28:45: And that actually, you know, led to 1776 where they wanted to take out the mercantile, which was the Brits at the time and the various Europeans and they wanted to create a system that would have a much smaller government and would put their government under the check and control of the people which made up the constitution.
1:29:10: And I think, let's have a look, got the US constitution.
1:29:18: So if you listen to this is really, and we'll get this when we do the central banking history.
1:29:23: This is really when central banking was taken from Europe and we were trying to gain control of America by implementing our central banks within America.
1:29:37: And even though Adam Smith had its own theory, you know about the, the hardness of money and gold.
1:29:46: Neither Alexander Hamilton or Thomas Jefferson implemented the Adam Smith's Worth of nations when it came to money.
1:29:55: Alexander Hamilton believed that you need to have, if you have competitive banking without a central bank, then you do not have enough strength at the federal government and you need more strength than the federal government.
1:30:10: But Alexander Hamilton was infiltrated by European central bankers and he was a useful idiot in order to try and make sure that Rothschild who was behind the Bank of England later on, could actually implement three different attempts at a central bank in order to make sure that America got completely occupied by what later became the Federal Reserve.
1:30:41: Thomas Jefferson actually believed that the central bank would strengthen the federal government too much because, and it would be at the expense of the States.
1:30:50: And so, Thomas Jefferson believes that you need state banking and they had a very successful model at the time and that was that they were creating their own, what's called colonial scripts.
1:31:05: They were creating their own money with no debt and no central bank and they were backing it by the trade that they were doing.
1:31:15: So, every time there was new activity needed, the State Bank would print the money with no interest and employ people in those activities in order to try and support the growth of infrastructure and the growth of the state.
1:31:34: And the central bankers didn't like this at all because it didn't have usury baked into the system and it wasn't a debt based Ponzi scheme.
1:31:45: And so, you know, those were like the early models and when we go through the history of central banking, you'll understand that there was actually assassinations of leaders and very deliberate wars that were manipulated three times in order to try and make sure that the European bankers could take over America and implement a central banking system which would lead to the complete removal of free market, capitalism and laissez Faire economics and replace it with something that looked closer to a more Communistic style of control with a larger and larger government and everybody deep in debt so that they could implement taxes.
1:32:33: and they could remove the ability for the state banks to print their own money debt free.
1:32:38: And they could replace that with lending everything to the government, to the people, to the businesses and ensuring that there was inflation implemented within their economic model over time.
1:32:54: I'm just gonna go through a couple of other things and I'm gonna miss a bunch of what I, what I think is pretty interesting cos I've been speaking for a long time as well.
1:33:05: But we had different models that kind of emerged.
1:33:08: One model was if you're gonna hand over the ability to create money to the user, then one way of controlling it is to allow for the convertibility of gold.
1:33:20: So that if a country was printing too much money and lending too much money, you could create a depression and you could crept the market.
1:33:31: And they could end up if you take on too much debt, people convert that currency for gold and then the gold ends up leaving that country.
1:33:40: And so the gold standard became a way of regulating how much money the user is in central banks could create.
1:33:49: but it always led to the removal of the gold standard.
1:33:53: as we'll discover when we do the history.
1:33:55: The reason is, is because it is a Ponzi scheme, you cannot regulate a central bank and a user system which is a debt based Ponzi scheme by allowing it to be converted into gold because it creates a depression and it destroys your economy if you don't keep the debt cycle going.
1:34:14: And so this kind of became a brief moment in history where we used the gold standard.
1:34:20: and people justified it.
1:34:23: But then we had two more influential economists and then I'll take a break and we'll head over to truth to give some commentary.
1:34:30: There was a useful idiot that was implanted into a meeting in the in Bretton Woods which happened after World War One and World War Two, which by the way, both World War One and World War Two and the Cold War and the fake war on terror.
1:34:48: We've been in war ever since nine, you know, ever since 1914, they were all created by central banks and they all interfered to ensure that those wars were created and we'll go through that, but a youthful idiot published a book called the General Theory on money unemployment and various other things.
1:35:11: And his name was John Maynard Keynes.
1:35:13: And what J Maynard Keynes said is that because when you've got a gold standard, when the economy is suffering rather than allowing the market to correct, like Adam Smith said, you need to print more money and the government needs to take on that debt.
1:35:30: And then during good times, you need to repay that debt, but it didn't factor in that Central banking was a debt based Ponzi scheme.
1:35:40: And so no government could execute Keynesian economics because they could never pay down the debt in good times.
1:35:48: And the debt based Ponzi scheme almost met always said that they needed more debt in order to not crash the economy.
1:35:55: And so no one was willing to crash the economy and any politician that crashed, the economy would end up on the wrong side of the central bankers.
1:36:05: Unless they were cooperating with the central bankers as well, We'll go through a bit more of that.
1:36:11: And so that was Keynesian economics and that was the justification for governments to take on excessive debts.
1:36:22: And when we go through the history, we'll show how each war, what impact it had on the profits of the Bank of England and the profits of the Federal Reserve and the profits of the International Monetary Fund and the sheer destruction it had on any of any of those economies and how they actually very deliberately manipulated prices in order to create more destabilization.
1:36:45: So remember what true said?
1:36:46: He said that the c the Federal Reserve is meant to have a goal.
1:36:50: Well, it hasn't met that goal.
1:36:51: It's created 20 recessions.
1:36:53: It's created $35 trillion of us debt.
1:36:57: It's created $217 trillion of additional liabilities through Medicare social security interest on the debt and the funding of future wars that it's already committed to.
1:37:09: whether that be defending Israel or funding Ukraine or creating destabilization around the North African regions and the Middle Eastern regions or protecting Taiwan from reunification or using it to fund NATO in order to breach all the agreements that brought back the Cold War again and brought us to where we are today.
1:37:32: They can use the control of those prices in order to make those political turmoils and then they can lend to both sides of the equation.
1:37:42: And that is a repeatable evidence, documented people have gone, you know, people have been trialed for this, all this stuff has come out.
1:37:49: And in fact, the Great Depression was a very good example of that.
1:37:54: And and so we ended up the next form of economics is that we had this thing called Austrian economics, which is the the form of economics that I subscribe to.
1:38:06: with the exception of it doesn't include the ethical layers.
1:38:12: And it but it does have a small government which is the compulsory charity side of it.
1:38:19: It does have hard money and it does have free markets.
1:38:23: And so Austrian economics was a return to, we believe that money is important.
1:38:29: And actually the way it's created should be created that should really be understood.
1:38:36: And we don't just ignore it and we don't just assume that a central bank is the one that's gonna be doing that.
1:38:42: And so that was that other form of economics.
1:38:45: And then finally, because Keynesian economics was getting out of control and it was funding more and more wars and the government's debt was going up and up and up.
1:38:56: The Chicago School of economics came along and Milton Friedman won a Nobel Prize for saying to people, he created something called the quantity theory of money.
1:39:07: And it was that all inflation is a central banking concept.
1:39:13: And so therefore, if you're gonna have Keynesian economics with systemic debt, then you need to model inflation into the economy and you need to try and control it through exerting influence over how much money the private banks create.
1:39:31: And that created the justification for the boom bust cycle, the business cycle and full control of systemic inflation, which is a slow confiscation of wealth and a transition from a free market to a socialist economy until eventually every bank is bust rolled up into JP Morgan.
1:39:55: And then JP Morgan ends up on the f the balance sheet of the Federal Reserve and they issue a central bank digital currency,, because everything ends up on the balance sheet and the Federal Reserve gets a 6% dividend every year to its shareholders.
1:40:10: And when we do the history of central banking, the next part will go through who those shareholders are and what they've done.
1:40:17: And some of the shady shenanigans that they've done in order to make us think what we think as well.
1:40:25: And so that's the, the history of economics and then I'll, I'll pass over to truth now and then we can go into what I think is the exciting part having had all that foundational knowledge to understand how the hell did we get here?
1:40:39: And is it sinister or are we just conspiracy theorists?
1:40:42: We'll see.
1:40:46: Yes.
1:40:46: Thank you, Simon.
1:40:47: Thanks for all that in depth knowledge on how the central banks essentially operate, quick reset about what we're discussing here.
1:40:56: We, we're the point of this discussion is to get into the central banks, how they operate run into some basic micro macroeconomics, defined inflation.
1:41:06: We defined unemployment, the essentially the dual mandate of the Federal Reserve Essential banks, which is to regulate both.
1:41:14: We got into a brief history last 100 or so years.
1:41:18: We defined how loans work or our mortgage works.
1:41:20: Now, it's not beneficial to the borrower at all in fact, after the entire mortgage is paid, they generally end up paying about 2 to 3 times.
1:41:29: So I say three times the value of the property itself, you mean it's paid off and, you know, he hasn't missed any payments and even then he still, there's still a property tax after that.
1:41:38: So it's a very lucrative system for the, for the lenders for the bankers.
1:41:44: So usually very quickly just to go through the definition again, again, at a prescribed rate of like 1% or so, l doing the small loans at a small prescribed rate isn't generally defined as usury.
1:41:55: That would just be, you know, a, a loan at a controlled rate, it becomes usury when the, when the letter is, the lender is able to accumulate unjust unfair wealth at the expense of the borrower.
1:42:09: And that's what's happened with this system of central banking that's been in place which is unchecked and it never been subjected to any independent audits.
1:42:19: Nobody really knows what's on their balance sheet if it really is even 35 trillion for the Federal Reserve as claims.
1:42:25: So now with respect to the history of central banking, you know, it's a very, it's an interesting history and for that, for to really be able to grasp it and understand it.
1:42:35: One needs to understand, you know, money and how it actually evolved into what it is today.
1:42:39: The current fiat Ponzi system that Simon went into great detail to describe and unfortunately, this is a history that's hardly mentioned, if mentioned at all in history books, economics textbooks in, in, in high schools, people just don't really understand how it works.
1:42:55: They don't understand what taxation is for.
1:42:58: They don't really understand how inflation is calculated and this is done by design.
1:43:02: So, you know, outside George Orwell, who famously famously said in his book, 1984 the most effective way to destroy people is deny and obliterate their understanding of history.
1:43:13: So then you have to think, well, if people don't have a sense of the history and understand, you know, what, what has taken place for many centuries that preceded, how can they really understand what's happening today and even realize that there is a system possible without a federal bank or any type of c central bank?
1:43:32: Because everybody here in this room has only been alive during a time when there's always been a Federal reserve in place.
1:43:38: This is the only history they understand.
1:43:41: This is the only way of doing things they understand.
1:43:43: So that's why we have to go back in time to.
1:43:46: And again, it's hard to find the good documents, reliable documents, to really be able to understand it.
1:43:50: So one book that I recommend everybody read and I've cited it before is the history of central banking, the enslavement of mankind.
1:43:56: By Steven Goodson.
1:43:58: It's a very good book.
1:43:59: It covers about 2500 years, 2500 plus years of history for central banking and the origin of money.
1:44:05: So then on that note, the origin of money, how did things start?
1:44:08: Well, we'll look at the Roman Empire, one of the biggest empires in the world.
1:44:10: Yes, there were empires, empires before that, but they all generally follow the same pattern.
1:44:15: They started off generally with bartering trading until some form of, you know, legal tender was established to be able to, to do swaps.
1:44:24: So in Rome, the main commodity for trade was actually cattle, cattle was very valuable at that time because it was an agrarian economy for the most part and farming was the main industry.
1:44:34: So they would do cattle swaps, cow or maybe horse or you know, different types of exchanges until around they say.
1:44:41: So this is at the time around 753 BC up to 5 65 5 65 ad actually this took place.
1:44:48: So, you know, even before Christ was around, so then it was around 600 BC or so this idea for using some type of metal back then, it was copper and bronze.
1:44:59: There was the precious metals, those were used as exchange because they were considered valuable metals.
1:45:05: So they were used for swaps.
1:45:07: And then eventually this evolved into using actual coins, stamps, coins by the government in power, not by a private entity.
1:45:14: And this was overseen by the powers that be.
1:45:17: So now just as a consideration, if some people wonder why this notion of separation, separating church from state has happened in many of these Western countries.
1:45:27: It's because it was the church that generally governed the mandate that it should only be the government issuing the legal tender only.
1:45:34: They should have control of the minting presses, not a private entity.
1:45:37: They were very strict to avoid usury.
1:45:41: So when societies went wrong and I wanna, I wanna add that, that's the same as the UK Magna Carta and that's the same as the US constitution.
1:45:49: The Federal Reserve is unconstitutional back to you.
1:45:52: Truth.
1:45:54: Yes, it is.
1:45:56: So this liberal notion of separating church and state, which not only leads to, you know, usurious bankers to come into power and be able to take control of the monetary system.
1:46:07: It also then allows for various degenerate social policies to take place as well.
1:46:11: But that's a separate topic.
1:46:13: It's just, it has to start somewhere with respect to being able to get these usurious bankers in place because if there's a church or say an Islamic state or a even a, let's just say a Jewish state that abides by its own laws with respect to Jewish people, then they can have the central bankers in place because that is let's just call it the church or the temple that will dictate financial policy, which would not allow for usury.
1:46:37: So the first challenge, the central bankers had to overcome was how do we supersede this issue of the church getting in the way of our ability to generate these vast amounts of, of wealth and profits, you know, through usury, through being able to charge interest on debt essentially.
1:46:54: So we'll see that this was a challenge that was not easily overcome and it failed many times and it led to many expulsions of those who were involved who tried to do it at.
1:47:04: You know, let's just say a smaller level in just cities such as Rome.
1:47:08: So initially, Rome, they were doing, you know, the 1st, 1st, it was bartering, then they were swapping essentially precious metals, copper and bronze.
1:47:15: And then they eventually progressed to stamps metal coins that they were able to use as legal tender to be able to acquire things, to purchase things so can move up around to 300 BC or so.
1:47:28: And the system seemed to be going quite well because the advantage of using legal tender coins is it increases efficiency of transactions.
1:47:35: Now, I don't have to transport my cattle farming.
1:47:38: I don't, there's no negotiations on bartering.
1:47:40: You can establish like pricing systems and also with a proper market system with respect to supply and demand.
1:47:46: You can establish a market price.
1:47:48: You know what that price is, you know, with maybe some profit for, for the seller, he charges his price and it leads to transactions.
1:47:55: The more transactions there are this increases the commerce of the city.
1:47:59: This leads to prosperity for all because the buyer is able to get what he wants.
1:48:03: The seller is able to sell what he needs and businesses and people are able to, you know, people, the people working, earning income, et cetera, they're able to, to benefit as well.
1:48:13: And there's no, you know, system of usury in place where you have the middleman, the banker being able to take advantage of the transactions, charge fees and of course, charge interest on debt because they're because they would be the ones issuing that, you know, debt, interest based currency.
1:48:27: So this system was in place for many, many centuries long before any central bank was even conceived of at that time.
1:48:33: So then we get up closer to around 167 BC.
1:48:37: And this is when you know, there were Jews that were actually not just Jews that were doing this either, by the way, I wanna make, I wanna, I wanna emphasize that point around 167 BC where, where, you know, the Jews came in and they figured out that they could try to, they could actually counterfeit some of these coins, create their own coins and use those for transactions.
1:48:54: So when you think of the fed and their ability to manufacture, you know, unlimited amounts of capital, that's essentially like a legalized counterfeiting operation because there's no check and balance on the system.
1:49:04: Now, with the government system in place a proper treasury.
1:49:07: There is the check and balance that's in place.
1:49:10: There is a fight out amount of coins that can be produced and you know, only the legal tender that the government authorizes can be used.
1:49:16: However, when, if you introduce counterfeiting now you've increased the money supply and you've also, they, they also served as lenders, they were lending their, their coins out to people and charging interest on it.
1:49:29: Well, what then ensued towards 5952 BC is that when Caesar came back into Rome, he noticed there was like 300,000 people out on the street because they've been forced out by the users.
1:49:41: They, they'd essentially foreclosed on their homes because they could no longer afford to pay for it because the interest rates on those loans had just gone up astronomically.
1:49:50: This led to a completely unsustainable system.
1:49:53: So this led to one of the, one of the first, they, the first explosions I believe were in Egypt.
1:49:57: And the reason for this is because they were charging interest rates as high as 48% per annum.
1:50:03: So as Lucius Annius Seneca put it, the philosopher, he later remarked the customs of that most criminal nation have gained such strength that they have now been received in all lands, the conquered have given the laws to the conqueror.
1:50:16: So they, the people had given up their laws, their economy to essentially the lender and they were at the mercy of the lender who had to force them out of their homes because they could no longer afford to pay the interest on the loans.
1:50:29: And that's how they became, you know, landowners because they would essentially, that's how they would take over the land.
1:50:34: So when they come back and tell you that, you know, we weren't allowed to own lands, well, they were taking over lands through illicit means, they wanted to use those lands, you know, essentially as collateral for their loans.
1:50:44: So you see this system started well over 2000 years ago where these unchartered, uncertified, call them banks lenders were essentially loaning out loans to those who wanted money to deal to purchase land.
1:50:58: And then they would incrementally charge more interest over time until it became unsustainable for the borrower.
1:51:04: And that would lead to the foreclosure and take over their homes.
1:51:07: And this is what happened in Rome.
1:51:09: And this led to the expulsion of many of the lenders, many, some of many of whom I guess at the time were Jews because they were charging such astronomic interest rates.
1:51:19: So when then Caesar took power and ex expelled these lenders, he decided to issue the following social reforms, he restored property.
1:51:28: There is restoration of property.
1:51:29: It was done in much lower valuations because the other issue that occurs is when everybody has a chance to borrow money and acquire things they can't necessarily afford this.
1:51:39: Then also leads to increased bidding of price for those homes.
1:51:44: Now you get artificially inflated prices of homes to the point where some people later get priced out.
1:51:51: And this is all because it starts with usury because now if more and more people again have access to be able to just borrow money that they can't afford to pay back over time, more people are gonna have homes they can't afford to live in.
1:52:04: So you'll notice that this is a trend that we see even today.
1:52:09: And it's happened especially more since the Federal Reserve and the 17 market crashes.
1:52:13: I I I I mentioned, I think Simon said it was 20.
1:52:15: I didn't know it was that many crashes, but I guess he's, he's probably I missed, I missed three of them.
1:52:19: So I stand corrected there.
1:52:21: So what Caesar did he restored property values to low much lower valuations based on what market value should be not based on artificial valuation.
1:52:30: There were several remissions of rents that were granted.
1:52:32: So people were forgiven free housing was granted for 80,000 impoverished families.
1:52:37: Corn dole was regulated.
1:52:38: Provincial communities weren't enfranchised and they went back to just cheap metal coins for means of exchange.
1:52:47: And obviously they did a better job of doing regulation and they also put a a cap on interest rate at 1% per month on what could be charged for interest.
1:52:57: So it can never get back up to 48% even 1% those 12%.
1:53:02: And also they actually, so the slavery was also abolished as a means of settling debt.
1:53:07: Because one of the things these lenders also did is that if you could not afford to pay back your loan, you could voluntarily become a slave to offset what you're what you're paid.
1:53:16: But this slavery, it's not, we're not talking debt slavery anymore.
1:53:19: This was actually physical slavery.
1:53:21: So if you're wondering where slavery first started, you see it was through the lenders and it was actually then volunteer through the, the borrower who could no longer afford to pay back the lender because of the astronomical rates.
1:53:33: So you see why or do you see what led to the decay of what was once a thriving society in Rome when you didn't have lenders lending at interest rates?
1:53:42: This then turned into the gold age.
1:53:44: But let's fast forward to England because history again, it seems to just follow the same patterns.
1:53:49: So let's let's come to the bank of England.
1:53:52: Let's start with what happened in 1066 in England, England at that time was was still establishing itself.
1:54:01: It, it hadn't become the colonial power, it would later become.
1:54:04: And what, what took place essentially in England, you had your first migration of Jews that had been expelled from Normandy.
1:54:11: So William the Conqueror at that time, though considered the bastard child, he was the one essentially in charge led a military invasion of England.
1:54:20: These Jews said at the very least and the Jews said at the very least financed this particular invasion.
1:54:25: And this led to them essentially taking control of the monetary policy at that time because they now overtaken the leadership.
1:54:33: So the consequences were again disastrous.
1:54:36: They were charging interest rates of 33% for Adam on the land and this is mortgaged by the nobles and it was 300% per atom on tools of trade and shale.
1:54:45: So even then the main industry was agrarian, was essentially farming and you see, farming materials and equipment just became far too expensive.
1:54:54: And again, this led to disastrous consequences.
1:54:57: So the famous economist, Doctor William Cunningham notes the activity of the Jews in England from the 11th century onward was similar to his which sucked up the wealth of the land and thereby hindered economic development.
1:55:09: Interesting too is the proof that even at this early period, the government did everything in its power to make the Jews take up decent trades and honest work and thereby at the same time, amalgamate with the rest of the population but all to no avail.
1:55:23: So the Jews were given an opportunity to take up say a trade, say to become farmers or to do something outside of money lending or tax collecting.
1:55:32: It was a choice not to based on the words of the famous economist Dr William Cunningham.
1:55:38: So when they come back and tell you that they were forced into doing usury, forced into doing money lending, forced into tax collecting.
1:55:45: You see, it's just not true.
1:55:46: They prefer to just do the lending and make the easy money off of charging interest on loans.
1:55:53: And these, the interest rates were of course astronomical and unsustainable to the masses they were lending to and it led to disastrous consequences.
1:56:00: So this went on till about the 13th century when again England had to, they, they were charged a ridiculous enormous sum of about 60,000 pounds.
1:56:08: This was levied on the Christian population.
1:56:11: 60,000 doesn't sound like much, but it's the equivalent of about $6 billion today, ridiculous sum.
1:56:17: So this is the nobles who had borrowed from the Jewish money lenders and then been subjected to again, increasing rates that then become, became unsustainable to pay back.
1:56:25: And so that led, led to another expulsion closer to around the end of the, of the 12th century, closer to just before 13th century, essentially.
1:56:35: So they had to retake control of their economy.
1:56:38: Now, one of the things that should be noted here is that unlike the modern practice of ethnic cleansing, the Jews that were collecting taxes just to point this out, they weren't doing it fairly.
1:56:47: So for them, they were charged only 1/15 the value of their goods, 1/10 the values of their species and it was permitted to and they were permitted by the way to leave with all their goods and chattel.
1:56:58: So even when they were expelled, they had to pay a small essentially exit tax and they were allowed to leave with all of their goods.
1:57:04: They weren't just stripped of every everything and expelled.
1:57:07: It.
1:57:07: It's important to point this out and this same equation that they're using here, by the way, they use that as well.
1:57:13: When they were, when they were charging taxes to the masses, they were only charging a fraction of their own for taxes owed on their assets versus what they were charging the masses.
1:57:23: So this is how they were able to get ahead and, and, and obtain wealth.
1:57:28: So now let's get closer to the modern era.
1:57:32: We can get into the brief history of the Rothschild.
1:57:35: We can start with Mayer Rothschild who started off as a gem dealer initially and then he upgraded to money lending and then he had the idea to set up a central bank.
1:57:46: This wasn't the first central bank that would be set up, but it's the most notable one.
1:57:51: He also had five sons.
1:57:52: He wanted his sons to be able to establish other banks.
1:57:56: I'm gonna pause on Rocha for a minute because I also want to point out that in Europe during that time, there was a thriving bank that was also in operation.
1:58:05: It was called the Medici Bank.
1:58:06: It was established around 1397 in Florence Italy.
1:58:09: It was established by essentially Catholic bankers and they did not, they did not practice usually at all.
1:58:17: They were merchant bankers.
1:58:18: So how they made their money is, yes, they would take deposits, they would take these deposits and then seek out arbitrage opportunities in different markets.
1:58:26: So they could buy, for instance, a textile or a commodity in one market at a lower price, sell it in a different market and obtain a profit.
1:58:33: This is how they were able to reap profits and they only charge small fees, small banking fees essentially, but no interest on loans or to prescribe just 1%.
1:58:42: Now, the the other thing that the medici banks established were what's called lines of credit.
1:58:47: The L O C enabled for international banking.
1:58:51: So now countries could trade between each other and not have to worry about transporting all their gold or silver or a commodity of choice to be able to transact between nations when they were trading for goods.
1:59:03: This again, increased efficiency of transactions and increased commerce between countries and led to more prosperity between nations.
1:59:10: It was a very efficient system in place that didn't involve usury.
1:59:14: It just wasn't necessary.
1:59:15: Coming back to Rothschild, Mayor Rothschild.
1:59:18: So his goal was to establish very central banks and the UK was his main target.
1:59:24: He wanted to take over essentially the Bank of England and they would end up establishing banks in all the major European countries.
1:59:31: At that time, it would, it would have been in Austria, in Germany, in Italy, in France, in England.
1:59:36: And the ultimate prize was America later on.
1:59:40: So let's talk about one particular bank of choice and how they were able to do it through war speculation.
1:59:47: So what took place here?
1:59:49: I mean, there were wars going on, there were the Napoleonic wars going on till about 1815.
1:59:54: So now what the Rothschilds did is first of all, they initially had funded Napoleon when he.
0:00: Power.
0:00: But what they didn't count on was an employee would establish his own bank.
0:04: The Bank of France, the Bank of France was issuing its own notes outside of the Rothschild monetary system that was established.
0:13: Well, this was considered unacceptable to them.
0:16: So that's why there are many wars caused, created.
0:19: But this isn't again a history lesson on wars.
0:21: It's just a, it's more a lesson on the consequence of going about it your own way as a nation leader to establish your own monetary system and the consequences you would face from the bankers who get access to unlimited capital and they could then try to force regime change, assassination attempts, assassination, you know, accom accomplished assassinations and also then lead to establishing, you know, regime change and install leaders in place that would take orders from the central bankers.
0:53: Yeah, you you carry on but I just want to point out there.
0:57: So in that history, firstly, all of that history is accurate from all of my research as well.
1:03: So we're completely on the same page there.
1:06: Obviously, there is a very uncomfortable conversation around the, you know, we we are led to believe in history that there is the expulsion of Jewish people.
1:17: But the reality is here that these expulsions were to the usurers and then the Jewish people that may not have been a part of the system would have to be expelled with the usurers.
1:28: And this is a part of history.
1:29: So whenever an economy reached the point where it was becoming so predatory through excessive usury, it would lead to a reform and expulsion and that is just factually accurate in terms of how all of this happened throughout history.
1:45: So we had the first monetary reformer which was Julius Caesar that was trying to, you know, push back against the usury.
1:56: And that led to the first expulsion and a monetary reform that led to his assassination and the fall of the Roman Empire through inflation through deflation and through massive wealth inequality.
2:09: It, it took the whole empire down because he wasn't able to get his monetary reform through because he was taken out.
2:19: you know, and then we're talking at the next monetary reformer was the French banking system that did not want to opt in to the rothschild banking system.
2:30: And remember the Bank of England was created with 1.2 million loan from William Patterson to the king at the time in order to escalate and fund the war between Britain and France, which were the two competing empires.
2:48: at which point, the Napoleon was a monetary reformer that fought hard against usury and tried to maintain that as well.
3:00: You know, prior to that, we had the British history where the British currency was backed by silver.
3:05: And then usury was implemented, which created excessive problems within the British economy.
3:12: And that led to expulsion and then reforms like the Magna Carta, which was to try and restructure all the debt and start again.
3:20: So you've got the British monetary reformers, the Roman monetary reformers, the French monetary reformers that were all fighting against the usurers that were trying to corrupt their, their, their model so that they could ensure that they could issue loans that led to the complete confiscation of all of the land and all of the property through excessive interest rates and try and fund both sides of wars.
3:47: and make sure that the people didn't really know what was happening.
3:51: And if you got on the wrong side of that, you got killed.
3:55: And then the system would have to start again with a new empire.
3:59: So carry on truth.
4:02: Sure.
4:02: Thank you for that sum.
4:05: So just let, let's go back to, to France for a minute and, and what led to what led to Napoleon essentially taking power?
4:12: So at that time, you had Louis the 16th and Marie Antoinette, he had a monarchy in place.
4:16: This would be the first monarchy that would essentially be, let's, let's say, replaced by, you know, the new parliamentary system, essentially that that would essentially take place in France later.
4:28: So the French monarchy was also opposed to usury system.
4:32: You know, this led essentially to, they call it the French revolution or replacement of leadership there through Napoleon, they thought they could trust Napoleon to to then you know, assume a monetary system a as the Rothschilds intended, he didn't want it and he established his own bank because he understood the perils of usury.
4:49: So this would then lead to his eventual ouster by, you know, 1814, 1815 when, when he was essentially exiled.
4:56: And as Simon correctly points out, yes, Britain and France were the competing world powers of that time.
5:01: And it was the Rothschilds essentially essentially looking to play both sides, both sides and profit from war.
5:07: So what would then follow in 1814 is there was an opportunity for war speculation because the Rothschild bankers essentially got knowledge of the battle of Waterloo and who'd actually won it?
5:19: They claimed the British had actually lost it.
5:21: So this then led to panic in the market for the, the bond values.
5:26: Everybody was then trying to sell immediately.
5:28: This led to a massive drop in bonds.
5:31: The Rothschilds, the opportunists that they were and their fellow bankers.
5:34: So that seized on the opportunity to buy these bonds and essentially pennies on the dollar and this would lead to their eventual control, taking control of the Bank of England.
5:44: And it was at this point in 1815, that Nathaniel Rothschild proclaimed, you know, give me control of a nation's monetary policy and I care not who sits on the throne.
5:53: He no longer cared who would sit on the throne within, you know, within England.
5:58: Because now he would be the lender to the crown and assume the real position of the crown I believe because, you know, he was in a real position of, let's say assuming the pedestal is it would be him making loans to the crown.
6:10: And he now had full control of the Bank of England along with his partners.
6:16: I wanna, I wanna reiterate that truth and then you move on because so now at this time of history, you have to think of the British Empire as the Bank of England, which is all of the government debt was bought up for pennies on the dollar, like let's say a quarter of or a half of the entire national debt in Britain.
6:35: I have to remind myself what it was is owned by Rothschild.
6:40: And he also controls the Bank of England which has the ability to create the GDP Ponzi scheme, which means that forever wars and forever debt have to be built into the system in order to not crash the economy.
6:55: So at this stage, you have to think about Britain, not as a democracy or anything.
7:02: You have to think about Britain as Rothschild at this stage.
7:08: Yeah, Rothschild.
7:11: Yes.
7:11: And again, power would be concentrated in the one square mile city of London Autonomous to, you know, the crown and the parliament of the UK.
7:19: So no law could be passed to undermine their authority.
7:22: Now, during around the same time we're talking to them.
7:24: Well, America was essentially established in 1776.
7:28: Well, this wasn't a free transaction.
7:30: They didn't just allow it to be, you know, be free and independent of England.
7:34: No, in fact, in 1791 the first central bank charter was established, it was a 20 year charter lasted from 1791 to 1811.
7:43: At which point it expired.
7:44: Rothschild wasn't happy if that expired because it was not renewed.
7:48: So then this led to a civil war, so to speak, England essentially invaded the US and it led to a two year war to 1814.
7:56: This would then lead to a second charter in around 1816, from 1816 to essentially 1836.
8:04: And there was Andrew Jackson who then refused to renew the charter chart, the charter, the 20 year charter and this would lead to lead to his attempted assassination.
8:14: He was able to dodge his assassination, however, and he and he did remain in power and America had no central bank in place between 1836 and 1913.
8:23: And the market was actually relatively stable.
8:25: There were no major crashes.
8:27: There were no major, you know, contractions essentially.
8:29: Yes, there was some instability, but this was mainly due to external influence and not because of a monetary system in place that didn't have a central bank overseeing or mandating what unemployment and inflation should look alike.
8:44: And, and those external forces, we're talking about where the bankers trying to essentially assassinate presidents and cause civil wars and strife within America.
8:52: They, in fact, they were able, they were successful in assassinating multiple presidents including mckinley and Garfield.
8:59: And of course, Abraham Lincoln after he was able to push through the Emancipation Proclamation which freed the slaves, one major source of revenue between the lenders.
9:09: Cause people wonder, well, how were they able to obtain their wealth to be able to, you know, establish their banks?
9:15: Well, they did it through illicit ways.
9:17: Slavery was a major form of income for the slave owners essentially.
9:23: And again, they say many, many of these particular slave owner, slave traffic figures happened to be members of the tribe.
9:29: We're talking about say the the wolf family, the Monsanto family, Aaron Lopez Lopez, in fact owned 30 slave ships.
9:36: And so when this East, well, I Simon mentioned it was the East India Dutch company.
9:42: I believe there's a West India Dutch company established as well because when the Jews got kicked out of of Spain and Portugal and Portugal later, they would then go to Holland, which was also a pretty notable empire at that time as well and establish that company.
9:56: And that would be, that would be their headquarters essentially where they would be able to traffic slaves between again, the various colonies that were already established, you know, both within Africa and then into the the new world essentially.
10:10: So they started off with piracy.
10:13: Piracy was where they would rob ships again because there were already some marina ships that the UK had already built and they were again, taking goods between the new world and and back to again back to headquarters.
10:27: So there were pirate ships there, sorry, there were pirates.
10:30: They were stealing, robbing the ships and then they were actually then taking part in the slavery themselves when they could afford to have their own ships.
10:38: So they built wealth first through piracy and then through trafficking slaves for several, several 100 years, which is why they were opposed to banishing slavery in both places such as in the UK, the US and also in Russia.
10:51: And then that would lead to the establishment of their actual banks beyond just the Federal Reserve.
10:56: Many of the original bank owners, charter members were actually slave owners or descendants of slaves themselves.
11:03: So just a pattern to keep in mind.
11:05: So let's go back to central banking.
11:07: That's the main point of this conversation.
11:09: So we got up to where, you know, Nathaniel Rothschild as part of the Rothschild family was able to take over the Bank of England through war speculation.
11:17: And then this will lead to further colonization of places such as in India around the 18 fifties which they held for about 100 years reaped about 30 to $40 trillion of wealth, some would say and also devastated the land.
11:29: So once you're able to take control of a monetary policy, you then want to take control of more resources because at that time, the GDP or the Great British Pound was backed by gold.
11:39: So they wanted access to more gold.
11:41: So they went through the various colonies.
11:43: They had, they had well over 30 England at that time became one of the biggest, the biggest actually empire in the world.
11:49: There's the old saying the Sun will never set on the British Empire because of all the colonies that it held around the world.
11:56: So essentially with the colonies, these invasions and these occupations, the pillaging of the lands and the extraction of resources.
12:04: England was able to amass an inordinate amount of wealth, but France did it as well.
12:09: So did Holland, so did Spain, so did Portugal.
12:12: All of these, all all of these countries are major colonies.
12:15: But what the central banks wanted was control of the monetary policy.
12:18: They weren't interested in actually partaking in the war.
12:21: They would essentially delegate that to the soldiers of the land who were from the less fortunate families to go out and commit the wars and sacrifice their lives in order to then occupy these colonies and then be able to steal the resources.
12:33: And this would take place for many years at the expense of various colonies both within Africa, later the Middle East.
12:40: And of course, they also would invade with South America as well.
12:44: And that's actually where many of the say cotton and sugar plantations were established.
12:50: Because when there was the slave trade, the slave trade would take place from again, the colonies within Africa where they would be bought from slave owners themselves.
12:58: You know, essentially leaders of the African nations.
13:01: So say in places such Kenya, then they would be transported to the new world, mainly in Central America and places such as Jamaica.
13:08: And this is where they would have, you know, cotton plantations and also sugar plantations prepared for the slaves to then go work where they would produce the commodities.
13:17: Again, major commodities that were being traded, being sugar and cotton.
13:22: And this is how mass wealth was accumulated among, again, members of the tribe that would later become bankers just points to keep in mind.
13:30: So let's fast forward a little bit now towards 1913 or even, let's say 1912, what took place in 1912 is a very important year.
13:39: So let's let's summarize before we get there.
13:42: Because that was, we're getting, we're getting to the juicy part where it starts to become real around current conflicts and stuff.
13:50: But you had America, which had its state banking system and its state banking system was localized interest free loans or low interest loans based upon the activities.
14:07: and the, the labor and the resources that, that state wanted to push forward.
14:13: Rothschild, the Bank of England.
14:16: and the, let's call it the crown, didn't like that at all and had to have three attempts at infiltrating America and implementing the Federal Reserve was the third attempt.
14:31: And so the first attempt was the first you know, the first Bank of America.
14:37: And at a federal level, it took the Bank of England system and tried to create a US dollar debt backed Ponzi scheme where they were creating money every time they issued a loan and then there was an interest on that loan.
14:52: So you had to roll over that loan again in order to create a self, you know AAA self perpetuating cycle that leads to inflation and that leads to the complete confiscation, wealth inequality until eventually the peasants are so poor and the rich are so rich that you have an internal revolution, a civil war where those that are shafted by the system uprise against those that have benefited from the system.
15:22: And so what we pointed out so far is that we've talked about the fall of the Roman Empire through the very same mechanism the issues that the British Empire had and then eventually that led to the Rothschild takeover of the government and the central bank.
15:42: then we had the monetary reformers, the resistance from France.
15:47: And we had two banking systems that managed to keep myself independent from the Rothschilds.
15:54: Well, let's say three.
15:54: At this time, you had the state banking system in the US.
15:59: You had the Russian banking system and you had the French banking system.
16:04: the French banking system, they did a coup through revolution and assassination just like they did with the Roman Empire.
16:15: And then the US one they did the first attempt, they managed to get through the first central bank of America.
16:27: that led, that got through, that led to the assassination of Andrew Jackson who wouldn't renew that charter.
16:38: despite the fact that there was an a failed assassination attempt.
16:41: And then when he wouldn't renew that charter, Rothschild vowed to get revenge.
16:46: And so went to the bank of England and used a loan to the UK government in order to fight a war with America.
16:57: then he got his revenge, he got his second central bank.
17:02: And then when we got a civil war, Abraham Lincoln wasn't gonna be renewing that second central bank and that second central bank led to the assassination of Abraham Lincoln and complete turmoil and a civil war.
17:18: But what happens at every stage of this.
17:22: The government debt of the UK is ballooning with every war.
17:28: The US debt is ballooning with every single war and the pounds and the dollar are keeping the Ponzi scheme going.
17:38: And who is the issuer of it?
17:40: Is the Bank of England which is controlled by Rothschild and it's the central banks and then Abraham Lincoln, they then didn't renew the charter and we enter into a phase where America had 77 years without a central bank.
17:59: And then that there was, it was high time that the third attempt was made.
18:05: And the third attempt brings us to the Federal Reserve, which again is a private company, we can go through who the shareholders are.
18:14: And once you understand who the shareholders are and how the system works, we can then start going through some of the wars and everything that happened after that.
18:22: So I'll hand back to truth where I think he's taking us to 1910 when there was no central bank in America and they wanted Rothschild wanted to get his third attempt at the central bank called the Federal Reserve.
18:38: Yes, thank you.
18:40: So, so to my knowledge, based on what I recall is that the, the first charter was established in 1791 to 1811, not renewed, led to civil war.
18:49: Second charter was established in 1816 to 1836.
18:53: Andrew Jackson wouldn't renew it.
18:55: I don't think there was any other charter between 1836 to 1913.
19:00: Someone correct me if I'm wrong 77 years without the central bank.
19:03: 77 years.
19:04: Exactly.
19:04: So, it wasn't that,, Lincoln wouldn't renew it.
19:07: It was Jackson, they wouldn't renew it and they tried to kill him.
19:10: They, they actually failed in that assassination attempt.
19:12: They tried more than once but they were able to assassinate mckinley Garfield and you already mentioned Lincoln and later Jeff Gale, but we won't jump ahead 1910, 1911, 1912.
19:22: So there were fierce opposition to Federal Reserve banking.
19:27: Nobody in America essentially wanted other than, you know, the central bankers in England, the three main American, you know, industrialists, you had Benjamin Guggenheim, he had Isis Strauss, he had Jacob Baster, each of them were opposed to the Federal Reserve Bank.
19:42: These men were worth approximately say the equivalent of about $11 billion at that time.
19:47: So what then took place around 1912 was what would lead to the sinking of the Titanic.
19:53: Some say it was the Olympic ship, both of which were owned by Jp Morgan who was again, he, he initially was also funded by the Rothschild.
20:01: Rothschild is also a 33rd degree Ma Freemason.
20:05: Now, once these three main individuals, fierce opponents of the Federal Reserve were essentially some say killed, assassinated.
20:12: This then opened the door for an opportunity to establish the third Rothschild Chartered Federal Reserve Bank in 1913.
20:20: But prior to that, they needed an Income Tax Act passed.
20:24: So it was actually Samuel Serer, a famous lawyer who was able to draft legislation for the Federal Income Tax Act that was passed around February of 1913 was the Income Tax Act was passed.
20:35: This then led to later, later legislation that Woodrow Wilson would eventually concede to, he would say unapologetically later and regret that, you know, he gave in to the bankers essentially because of the fierce amount of pressure that he was under.
20:48: And such that by December 1913, he passed the Federal Reserve Act and that would lead to the third charter that still exists today.
20:56: Now, with respect to who was involved in the charters rothschild, of course, took a lead.
21:00: He owned about 25% of the bank.
21:02: And then you had the other bank that have been mentioned in passing some of whom were again descendants and owners of slaves.
21:09: We're talking about Lazard Lehman, Kuan Loeb Paula, Max Warburg, Jacob Schiff.
21:16: And then he also had, of course, Jp Morgan, you had John D Rockefeller as well.
21:21: In addition to some others, the these would become the founding members of the Federal Reserve Bank.
21:25: Some of their shares would later be diluted to include some small shares that would be issued to other families such as the Bush family as well.
21:33: I've got a full chart of who the original founding members of the central of the Federal Reserve Bank are.
21:39: It's, it's almost in parallel to who the, the same members of the Bank of England are as well.
21:45: And again, I'd like to point out that this Federal Reserve Bank is registered in the one square mile city of London, the autonomous area within the city of London, in England.
21:55: So it's a foreign interest that now governs and dictates the monetary policy of America.
22:00: And literally within months after taking control of the Federal Reserve Bank, you have now the onset of World War one that would that based on what historians would say was caused by the assassination of Franz Ferdinand Archduke of Austria, Hungary.
22:15: And it was done by Gabriel Percie, which some have noted belonged to a Jewish terrorist organization.
22:21: This would then lead to, you know, conflict between the various European powers and then multiple different things would ensue literally within years.
22:30: So within 20 years, eight, in 1897 you had the essentially Zionist manifesto that was drafted by Herzl in 20 years.
22:38: So once the first World War Bank would take place by 1917, you had the end of the Ottoman Empire.
22:45: You at the end of the Russian Empire as Tsar Nicholas, the second was assassinated along with his entire family.
22:53: And then a year later, you'd also have the end of the Prussian Empire as Kaiser Wilhelm, the second would be forced to abdicate his throne and then would be exiled to Holland, essentially the three, the end of three major empires caused by this one world war.
23:08: And just for, you know, historical accuracy, it was in 1918, when Tsar Nicholas, the second was, you know, assassinated with his entire family.
23:14: Once the the Judeo Bolsheviks carried out their invasion of Russia.
23:19: So you see the immediate consequences and the end of major empires that took place within a very short period of time with the establishment of the Federal Reserve.
23:28: So what would then take place between 1913 until about 1971?
23:33: Can I rewind, rewind a bit before you go on?
23:36: So hold that 1913 onwards.
23:39: So what predating 1913 with the Federal Reserve Act is they had 77 years without the bank charter.
23:48: And they utilized gold in order because Rothschild had accumulated vast amounts of gold through ra pi and pilling.
23:58: And it used the gold standard in order to try and manipulate the market to create bank crashes.
24:04: And so at the time, you had panic after panic, after panic.
24:08: But the most famous one is the 1907 panic.
24:13: when Jp Morgan, which was part, you know, he was kind of a front man for America for the Rothschild European family.
24:22: and JP Morgan manipulated the market in order to create a short squeeze in copper and the Nicker Boker stock market.
24:33: they rampaged a speculative in AAA speculative bug or boom and bust cycle through controlling gold at this time.
24:42: And so, yeah, 1907 led to the panic and when the stock market crashed by approximately 50% that wiped out the balance sheets of the fractional reserve banks.
24:56: And so the fractional reserve banks all needed a lender of last resort.
25:01: And so Jp Morgan said I'll lend you some money to meet your withdrawal demands to stop people withdrawing, but I wanna own your bank and I want it for free.
25:13: And so Jp Morgan consolidated the entire independent banking system in 1907, took over a bunch of those banks through manipulating the gold market and then sat down in Jekyll Island in 1910 and designed the Federal Reserve System and put together a plan for how you get this charter implemented on the 24th of December when nobody is paying attention and half of Congress and all the members are not there.
25:51: And if you ever read like the original language that was used, it was completely obfuscated.
25:58: what was actually being done here in implementing this bank as well.
26:04: And so I just want to take the shareholders of the original Federal Reserve were Roth, listen to the names of the locations here, Rothschild Bank of London and Berlin.
26:17: This is the American Central Bank, the second shareholder was Israel Moses ST Bank of Italy, incorporated in Italy, the Warburg Bank of Hamburg and Amsterdam.
26:33: And these were the European bankers that designed the Bank of England system.
26:38: It was also the Shils Shilton American Express.
26:42: So we got a little bit of America in there, Goldman Sachs of New York and then J PM, JP Morgan Chase Bank and then Lazard Bank of Paris.
26:54: And so those were the original shareholders of the Federal Reserve, which is meant to be, you know, for the interest of Americans and this is the foundation.
27:05: So when you think of the Federal Reserve and then we're gonna go through some of the actions that happened after that of today, you know, we're led to believe that they're just trying to fulfill their manifest of employment and inflation, but look at the dark history and then start to look at some of the other events and I think we're going to start to connect it to some of today's conflicts.
27:31: I think there was a bit on the Bolshevik revolution there and some of the other things.
27:36: So I'm going to hand back over to truth.
27:39: Sure.
27:40: Thank you, Simon.
27:41: So just to recap what's what what Simon just mentioned there?
27:46: He also mentioned the origin of the, the founders of the Federal Reserve Bank.
27:50: You see they were primarily foreign, owns foreign interests that are running the Federal Reserve Bank.
27:55: And again, the dual mandate is to manage inflation and to manage unemployment.
28:01: So then World War One would take place literally months after the Federal Reserve Bank is established because of an assassination of Austri Franz Ferdinand of Austria, Hungary.
28:09: They were allied with Germany and I believe Italy.
28:11: And then so they went to war against the UK and its allies and the UK was actually losing this war and it was in 1917 where a deal was made to try to get America involved.
28:20: And this was brokered by, well, a specific individual in place by the name of Zimmerman who would issue the Zimmerman telegram to.
28:28: Well, it was, it was a phony forged telegram essentially indicating that Germany would side with Mexico of all countries to help take back three of the states that they lost in the Spanish Civil War.
28:39: And but this, this was never any promissory mo promissory note that was issued by Germany.
28:44: They never agreed to send any submarines there.
28:46: Anyway, this note was forged and it was intercepted by the UK as it proclaimed and it was presented to the Americans who then were led to believe that America was now going to not America, sorry, Germany was going to invade America.
28:58: So then they came to the side of the UK to take Germany on because at that time, the UK was actually prepared in 1916 to, you know, issue some kind of our, our peace treaty.
29:08: Our miss is just something to end the war.
29:10: But you know, this was not favorable to the, to the bankers.
29:14: They wanted the war to continue because they love the perpetual wars.
29:17: So they were able to get America involved in the war because of, you know, this, this fake attempted invasion of Germany.
29:25: There was, there was never, there was never intended and this was in exchange for a promissory note.
29:30: This is very important with respect to what then lead later to the establishment of Israel.
29:34: It led to the Balfour Declaration which I believe was issued by Arthur Balfour to, you know, Lord Rothschild, which is essentially a promise to deliver, you know, Palestine to Israel as part of the colonial project that the World Zionist Council had in mind, you know, to establish their headquarters for the Jewish State, you know, in the land that was Palestine.
29:54: So many important world occur.
29:57: World events took place in 1917.
30:00: and that would then lead to later, you know, the Federal Reserve first taking power and then also leading to a major crash.
30:07: So if you recall the Federal Reserve's main mandates control unemployment control inflation, but there should be accountability for these mandates.
30:15: And if they were to fail, where's the check and balance in place, so let's first discuss what would take place with what would happen in 1929.
30:23: Which is the Great Depression.
30:25: So may be aware of it and, and what the consequences were.
30:29: Can I, can I rewind back mentally taken out in 1929 and the crash that came from that?
30:36: But I wanna, I wanna make sure people understand the importance of getting Russia involved in World War One.
30:44: So Russia at the time had the smallest national debt in the world.
30:50: It was the only country that hadn't successfully got a Rothschild Ponzi scheme implemented into its central banking system.
31:01: The central banking system was debt free money issue issued without debt.
31:07: It didn't need to be borrowed into existence.
31:09: So it wasn't a Ponzi scheme.
31:11: They had the largest gold reserve in the entire world.
31:15: In 1914, the banking system was completely 100% full reserve.
31:22: 80% of all of the land across.
31:24: Russia was in the hands of peasants.
31:29: It had the lowest taxation in the world.
31:32: It had no inflation and it had no unemployment.
31:36: Basically, it had figured out the holy grail way of issuing currency.
31:44: And so therefore the Rothschild needed to un needed to make sure that nobody else learned from that.
31:51: It also had a trade surplus.
31:54: And this was the model economy of exactly what the possibility is without a central bank.
32:02: And so they needed to destroy that and they needed Russia involved in the war.
32:08: And that's where, you know, one of the other major motivating factors of World War one.
32:16: Yes.
32:17: And there were multiple attempts actually to install central bank in Russia.
32:22: Again, members of the tribe had actually assassinated Alexander the second.
32:26: In 1881 he freed the slaves, the serfs in Russia back in 1861 he's similar to, you know, what American presidents had in mind just sought to avoid any type of central banking in place and you know, enable some type of labor unions and and fair dealings with with laborers.
32:44: Russia was actually the forefront essentially of in how they dealt with labor relations, providing things like health insurance, you know, taking a day off of work as well, establishing proper work hours and you know, ethics with respect to how workers would be treated by factory owners.
32:59: And again, this led to a, you know, flourishing and prosperity, you know, across Russia for all standard of living went up, the happy, the happy measure indexes all went up.
33:10: taxes were at historical lows relative to the other industrialized countries between 3 to 5%.
33:16: And as Simon mentioned, they had the lowest debt to equity ratio because they didn't need to borrow any money to be able to achieve this level of success.
33:23: And again, this was noted by the Rothschild bankers who did not want the world to see that.
33:27: Again, this alternative system could flourish outside of the central bank.
33:32: Now, when this particular central bank was essentially established in America, it led to about 54% inflation between 1913 and 1921.
33:42: And there was immediate devaluation of currencies.
33:44: And I checked, by the way, there have been 19 recessions today.
33:47: The 20th 1, Simon speaks of was not documented because Biden actually redefined the term inflation from two straight quarters of negative growth to essentially a different definition that no longer really applies.
33:59: So Simon is right, there have been 20 recessions.
34:02: The 20th 1 just wasn't documented.
34:03: So not going back to what took place that led up to the Great Depression in 1929.
34:09: So there was a market boom during this time.
34:11: And you know, there, there, there is a whole lot of debt spending capital injected into the markets by the Federal Reserve, a whole lot of borrowing going on at lower rates.
34:21: And everybody was enjoying this this short, this short short term period of prosperity, but it wouldn't last.
34:29: So in, in and around March of 1929 one of the one of the founding members of the Fed decided it was time to pull out from the market.
34:37: This is around February March of 1929.
34:40: And he told all of the board members of the Fed to also start slowly withdrawing their capital from the markets in America.
34:47: And this is what will eventually lead to the crash, the massive system crash within America, that would be known as the, the Great Depression.
34:55: And this was that this took place March 29th, 1929.
34:58: It was Paul Warburg who was the one who told his fellow partners, Andrew Mellon and others to start withdrawing their profits from the market.
35:04: And then by October 24th, 1929 this will lead to the Great Depression where, you know, they would end up having to raise interest rates.
35:12: They claim to want to lower the inflation, the inflation that would skyrocket.
35:16: Well, all the way up to some say 20 30% and beyond again, it's never, it's never properly calculated.
35:22: So take these numbers as a grain of salt, but just with respect to some of the damage that took place to the economy.
35:29: So the list of security.
35:31: So the stock but the main stock market, as some would call it, say, now the Dow S and P went down from $89 billion of worth down to $15 billion.
35:41: Out of 24,000 banks that were in existence in America.
35:43: 10,000 were led to bankruptcy.
35:46: 200 companies filed bankruptcy.
35:48: 8.3 million people are thrown out onto the streets.
35:51: Essentially, this led to massive unemployment rates of 25%.
35:55: And you know, the national income of the United States declined by about 40.7% of this time.
36:01: Again, from $81 billion in 1927 down to 48 billion in 1932.
36:06: So this is the worst period of, of the economy in American history that was caused by the Federal Reserve.
36:14: So they essentially did what, what some come to call it, a pump and dump scheme in the markets where they artificially increased, you know, the stock prices of various companies and then they took their profits before anyone else did and then crashed the system so that they could bring it back down to pennies and then restart the system.
36:32: So you see a period of expansion, economic prosperity and then a correction and then a crash and then they restart the system again, but they don't just restart the system again, you know, through, say, hard work and through say meritocracy and, and through correct means, no, they do it through wars.
36:51: So between 1929 to 1939 unemployment only went down from the, from about 25% to 19.6%.
37:02: You see the measures used by the Federal Reserve did very little to restore, you know, you know, any type of economic recovery just trying to spend your way out of depression was a failed measure.
37:13: So this is where they needed essentially new wars to be able to revive the economy.
37:18: And that's where there would be now a transition between world powers from the UK to the US because this would lead to UK to eventual close, near bankruptcy following World War Two as they would need loans now, from the Federal Bank and this would lead to further consequences globally around the world.
37:35: Now, Simon, do you want to get into things like Sykes, PICO division of lands and what would lead to the establishment of Israel or do you just want to keep this conversation on the Federal Reserve and central banking?
37:44: How far do you want to go with this?
37:45: Yeah.
37:46: No, I, I, I think we should do it.
37:48: But I want to go back to,, 1917.
37:52: This was such a key year.
37:53: So we're in World War One.
37:56: And the goal was to bring the US into the war.
38:02: And so Winston Churchill had a relationship with Zionists and the Zionist just so we're clear is an atheist movement that did three things.
38:14: It hijacked the Jewish faith in order to make people believe that the Children of prophet Israel was needed in order to bring back the messiah and it rewrote the Schofield Bible, which I think was in 1907 in order to scam all the 1909.
38:37: All right, lovely.
38:37: , in order to scam all the evangelical Christians in America to believe, that all the Jewish people needed to be in Palestine, which at the time was being held by a deep, deep, deep, deep in debt.
38:55: British Empire that had successfully beaten the Ottoman Empire.
39:00: And so they were occupying Palestine, the British Empire was doing it at the time.
39:05: And they also managed to make many of the Jewish people believe that the only way that they were safe is if they migrated over to Palestine, one of the ways they did that is the Zionist entity firstly needed to get the Brits.
39:25: and Winston Churchill to be aggressive against Germany.
39:31: And make sure that they turned down multiple peace deals that were being negotiated at the time.
39:38: The other thing they did is they actually negotiated.
39:41: So the Zionists negotiated with Hitler and arranged for 60,000 Jewish people to be migrated from German, German Jewish people to be migrated from.
39:55: yeah, from Germany over to Palestine.
39:58: So in order to get the US to support the war effort, because Britain was in debt and they needed another way to collateralize those loans.
40:12: Arthur Belford declared Palestine to the Zionist entity.
40:17: Remember this is an atheist movement of hijacking the Jewish faith and rewriting the Christian Bible in order to trick American evangelical Christians that the Messiah was going to return if they had that land.
40:35: And so this was Rothschild was declared.
40:41: the, so when you look at the letter, it was the 1917 Balfour declaration was declared by the British occupier Balfour to Lord Rothschild so that he could then achieve statehood and create his own halo within Palestine.
41:01: in order to have a you know, jurisdiction over converting even essentially terrorist acts into what they call defense.
41:11: And so this becomes very relevant as we see.
41:14: So I wanna park it there.
41:15: That was one of the things that was happening.
41:18: In 1917, the other thing is there was the Russian central banking system that had a debt free system.
41:28: But in order to destroy the Russian economy, they needed to create a Bolshevik revolution that led to the death of 66 million.
41:38: Russians was the estimate.
41:42: And this was reported as a Rothschild and Wall Street takeover when you go back to the historical documents of the central banking system within Russia.
41:54: And this is what was used in order to fund the Marxist economic model through the Soviet Union of communism.
42:04: And so this was a way of destroying the prosperous economy of Russia and replacing it with the you know, destroying the economy and showing people that you had to have a Rothschild's debt based Ponzi scheme in order to survive.
42:23: So those were two really key events.
42:25: Did you want to comment on any of those treats I'll move on.
42:29: Sure.
42:29: Yeah.
42:30: No, I mean, the Bolshevik evolution is a very important period in history that I'm sure we can add a little more context to it as well.
42:37: So the Communist Manifesto was devised by Karl Marx, also known as Moses Mordecai Levy and also Frederick Engels.
42:44: And it was also inspired by some say the tablet and also Moses has his work as well.
42:50: And so communism just in very simple terms, is essentially entails the violent overthrow of the establishment to then it would be done by the proletariat labors, the workers essentially to then be able to take over the means of production and centralize it centralized.
43:06: That's a key term because that also involves centralizing the monetary system, which I believe is also a form of communism because you're now allocating control of the monetary system to a group of, well, they're not, I wouldn't consider them workers or proletarians but into the hands of the elites.
43:21: And this is, these are the same bankers, finance here, Jacob Schiff Max Warburg, specifically who financed the Bolshevik revolution.
43:28: They financed Leb Bronstein, they financed Vladimir Ulyanov who and, and Stalin as well who go about carrying out the Bolshevik revolution that began in 1917.
43:40: You know, I I considered the invasion of Russia and this would last up until 1991 when again, they had essentially depleted most of Russia of it, of its gold and its resources.
43:50: Russia as many may know, as the highest amount of natural resources appraised in the world at over $75 trillion consisting of oil, natural gas and every precious metal under the soil from uranium, lithium cobalt, et cetera.
44:05: So, you know, this was a very important feat that was accomplished, you know, in 1917.
44:10: And I also mentioned the also the end of the Ottoman Empire that took place in 1917 as well, which for the Rothschild liberated Palestine.
44:17: And you know, that's why the the promissory note was made called the Balfour Declaration to essentially then give Palestine or allow it to be colonized by to, to then establish a Jewish homeland.
44:28: And this was issued by, you know, Arthur Balfour to Lord Rothschild who at that time was, you know, purchasing small bits of land as well on behalf of the Jews in occupied Palestine.
44:39: So if we fast forward a little bit with respect to central banking and, and what some of the consequences were because again, I'll remind everyone the whole point of a federal reserve is to be able to stabilize the economy, not cause crashes and then recoveries.
44:52: And we saw the first example of a major crash, the biggest one ever documented in history with respect to, you know, loss in stock market value, unemployment rate and inflation was the great depression.
45:03: So right then and there, you know, Americans should at the very least look back on history and realize that a central bank is meant to fail.
45:11: A central bank is not there to achieve its stated mandates of managing inflation and managing unemployment.
45:18: So if it failed, why is it still there?
45:20: Well, it isn't there by choice.
45:21: You're not electing the, you know, the members and, and those who control your monetary policy, you know, these people took power by force, they took power through violence and they maintain their power through combination of bribery and blackmail of those that they will allow to take power through what some people call democracy or a f or, you know, a fake or constitutional republic.
45:44: But we strayed considerably from the original document of what was once the Declaration of Independence Bill of Rights and what the actual constitution consists of.
45:55: So, going back to again, so crash in 1929 and then again, relative instability in the markets leading all the way up to the 1939 and then the second World War.
46:08: Now there's sorry, I can I go back one step.
46:13: So 9 1919, it's the end of the war, it's end of World War One and Germany are required to take full responsibility for the war.
46:28: And we recently had interviews with you know, an historian that was interviewed by Tucker Carlson, that kind of explained.
46:37: Looking back at history and Winston Churchill's role in World War One and World War Two.
46:43: we find out that there's a lot of inconsistencies there but in 1919, there is the Treaty of Versailles and this was a major monetary reform in the transition from GDP to the dollar power structure.
46:59: So the losing allies in Germany had to assume all the debt which was about 6.6 billion that was negotiated and they had to repay it in gold because nobody would trust the, the German Fiat currency.
47:17: And they had to take, they had to put together a, a reparation plan here.
47:23: And they had to assume the depths of all the winning side that then led to them, the, the German Central Bank having to print the money in order to try and purchase the gold, which created a hyperinflation recycle in Germany which led to so much poverty and so much destruction.
47:47: And this led to, you know, kind of extreme leaders wanting to protect the German economy.
47:56: And so then we ended up with a new form of system which was national socialism, which was another experiment in resisting Rothschild central banking.
48:10: So I think before we go through, go on to World War Two, maybe a cover that.
48:16: Yeah, yeah, I, I thought we'd leave that for solutions.
48:18: But yeah, by all means I can, I can take that on.
48:21: So let's, let's le let's lead up to 1933.
48:24: So in 1919, Simon correctly points out, you know, Kaiser Willem, the second is expelled.
48:30: You have the establishment of Weimar Republic Germany.
48:32: It's also the onset of the degeneracy cycle as well with the Institute of Sexuality established.
48:37: Also the Frankfurt School won't get into all those details.
48:40: That's not the purpose of today's.
48:42: But as Simon mentioned, because of the Treaty of Versailles and the immense amount of debt, as Simon mentioned 6.6 billion of reparations that have to be paid plus interest.
48:50: This led Germany to essentially the brink of bankruptcy.
48:54: And hyperinflation actually peaked in 1923 to give some examples of how bad this hyperinflation was.
49:01: People are having to use wheelbarrows to bring in this the useless Deutschmark to the tune of about $2 billion just to be able to buy like a loaf of bread.
49:09: And there are food shortages.
49:11: There was again, mass degeneracy, there was like prostitution rings established and just social, there's social chaos and decay that took place in Germany.
49:20: It was the worst period in Germany's history.
49:22: And this would eventually lead to the rise of the national socialists.
49:26: Now getting to the rise of national socialism.
49:28: And the new economic theory proposed it was Dr Gottfried Feder, who came up with a 25 point plan to be able to eventually essentially revive Germany's economy to be able to essentially enable it to recover from, from this bankruptcy and devastating loss from World War One, this 25 point plan.
49:46: I won't go through all the points.
49:47: Some of the main points are that there would be separation of stock market from the economy.
49:51: There would be a new currency established as well.
49:53: That would no longer be based on the interest, debt backed system.
49:56: It would be backed by labor instead it would be a labor backed, zero interest, zero interest, zero debt backed currency.
50:04: That again would enable Germany to, to, to revive its economy.
50:08: But to be able to do that in 1933 Germany had to, you know, get rid of the Rothschild bankers that were in place.
50:14: And based on, you know, documented records, the Rothschild bankers were arrested in 1933 in, in Germany, essentially stripped of their wealth and then expelled.
50:23: So Germany through again, the national socialists and Adolf Hitler were able to take control of Germany's monetary system and then issue this.
50:31: Now this new currency, they would be outside separated from the international markets.
50:36: At that.
50:37: At that time, it was the, you know, still the British pound, that was the world Reserve currency.
50:41: But now they were able to not, not, not to subject their currency to any type of devaluation.
50:47: And they were able to then regulate things such as both inflation and also work on bringing their unemployment down, which was at record highs of 31% in 1933 when the national socialists took power.
50:59: So once they started issuing this labor backed currency, they would measure it relative to what they believe they would need to be able to get to full employment.
51:07: So they estimated they would need about 1 billion Deutschmarks to be able to do this.
51:11: So they were issuing this currency out in increments.
51:14: It didn't just all of a sudden flood the markets with this New Deutsch and some would call it a labor backed treasury bill, same equivalent as currency.
51:23: So as more people gained employment within the system, there would be more currency then issued to cover the cost of their labor.
51:31: So if you can understand it now, rather than have an asset such as gold, silver or say a Fiat Ponzi based on nothing.
51:39: This new currency system was backed by labor and therefore there would be a finite amount relative to the number of people you had employed in the system.
51:48: So as your labor force increased, your labor force participation rate increased, you would then have more currency in circulation but only relative to the amount of your labor force population and not beyond that.
52:00: And this is what enabled there to be no debt essentially incurred because then what the government did is as they issued this currency and put it out into the new, into the market and into the monetary supply.
52:11: They issued a small tax of around 7%.
52:14: And that money would then be taken towards investing in some state run projects such as building highways, rebuilding some factories.
52:22: Enabling coal plants to, to revive themselves.
52:24: So this way, they could have a source of energy and they were also invest in some technologies to make up for the fact that they all alloy metals only had 25% steel as, as opposed to the 50% steel that say the Swedes had, which is a better metal.
52:37: But then they were still able to, to then, you know, produce cars to then later produce tractors and and then later on armaments as well.
52:46: But that was, that would be later on in 1938.
52:49: So the Germans used a combination of their human capital because they had some of the most educated people in the world and the best engineers in the world at that time.
52:57: And also a renewed revived monetary system that was independent of, you know, Rothschild central banking system that was based on a government treasury no longer governed and controlled by private bankers that only they could issue and stamp out.
53:12: And of course, this was done in interest.
53:14: Some of the tools that were used to be able to help Germans individually was that the bank of Germany essentially would issue loans at 1% interest now to encourage families to reproduce.
53:27: Because Germany was again, had struggled for 12 years since the end of World War one to, you know, to get get back, get off the degeneracy path and get back to increasing its population because it suffered millions of losses from World War One.
53:40: They incentivized families to reach and have kids by wiping out 25% of their debt for each kid they had.
53:46: So if a German family had four kids, they would essentially incur no mortgage on their home.
53:52: Germany also sought to build a car that everybody could afford.
53:56: It was, it was the V W car, the People's car, the first bug, it was it was the owner of, of France, France Porsche.
54:03: I believe I forget his first name.
54:05: But again, the owner, the founder of Porsche, they would come up with a design for the bug.
54:10: He was a contracted out to do it.
54:11: And then they would essentially come up with the Protocol designed by 37 and there was a car that was valued under 1000 Deutsche marks affordable to all.
54:20: So this is the national socialist system, how it differs from pure capitalism and pure communism is, it's a bit of a hybrid model.
54:26: The state does have control of some of the important industries, but there still is private enterprise as well.
54:32: And it also ensures that every single individual has the basic necessities to be able to essentially avoid the perils of, you know, unemployment and not have to worry about say recessionary periods and what, what the Americans were going through at the same time.
54:49: Because during this time, if you recall America was still undergoing its Great Depression, Germany at the same time, was reviving its economy, getting it to zero unemployment and essentially zero inflation because it no longer had an interest, debt backed currency that was, that was issued by, again, a private bank because now it was the Treasury within the German bank that had taken full control of the monetary system within Germany.
55:12: Now, I wanna just cover on that as well.
55:15: So just put in, put that in context, you've got the Treaty of Versailles where they have to repay the debt to America in gold.
55:25: They went from a hyper inflationary currency that was devastating to the most successful economy in the world.
55:36: And then they were able to use this new monetary system in order to purchase the gold, which made the foundation of much of the gold that ended up in America, the Federal Reserve's coffers.
55:49: And so this was the, the repayment of the Treaty of Versailles.
55:54: And then obviously that led to the expansion World War Two, which truth will get in a little bit more.
56:01: And obviously, the holocaust and everything we know about history as well.
56:06: So why don't you go to World War Two?
56:09: Sure.
56:09: I just want to add one more thing to the German economy.
56:11: People wonder, well, what were they doing for what they lacked with respect to our economy?
56:15: So they were still doing international trade, but they were essentially doing going back to the bartering system.
56:21: So Germany could produce some of its own goods such as cars, you know, Carl Benz was still there.
56:25: Diamond was still there.
56:26: They were a manufacturing base of the of many different technology and also basic commodity goods headquarters for many countries to 25 countries.
56:38: In fact, so the advantage of bartering for them at that time because they weren't able to, to trade with, obviously any of the allied countries was that they could bypass the middleman and the and the commissions and fees that would be charged from bartering.
56:50: So this essentially also led to efficiencies and scale and you know, further added to the prosperity of the economy because they could get better deals on goods that they lacked from their trading partners.
57:00: They had 25 of them.
57:02: BRICS is trying to do something similar different story though.
57:05: So now we get up to World War Two.
57:06: There's obviously discrepancies on what historical records would count.
57:09: The official narrative.
57:10: 1939 1945 it's Germany, they claim started the war by invading Poland.
57:15: The counter theory to that is that well, it was Poland be because there was a change in borders that Poland was given the Denz which is over 90% German essentially, you know, they wanted their land back essentially.
57:26: And it was Poland that had assessed it or killed about 60,000 Germans.
57:30: And despite 28 peace initiatives offered by Germany to avoid World War two, it was the UK that intervened and said, no, go to war.
57:38: Sounds familiar.
57:39: Like when Boris Johnson told Ukraine go to war, the same thing happened essentially with Poland and so war ensued, there was between 1939 and 1941 a non aggression pact signed between Germany and US S R at that time too, that obviously went under as well as the US S R would enter the war in 1941.
57:55: Coincidentally when America entered the war in 1941 because of the, well, as you guys know, the the Japanese invasion of of the island, why am I forgetting the name in Hawaii?
58:08: I believe it was, excuse me.
58:10: I'm a little bit tired.
58:11: I'm only on five hours to Hawaii in Hawaii.
58:13: Exactly.
58:14: So again, a second world war.
58:18: But let's,, let, let's take a step back and ask ourselves why another war?
58:23: What really, why did all these countries now get involved in war?
58:26: So Germany was at that time allied with Italy under Mussolini and then you had the UK with France and UK UK with France primarily.
58:37: And then of course, the US would get involved later.
58:39: And I should also add that the US S R was also on the side of the allies as well who is financing these wars who would benefit from these wars.
58:46: Now based on again, some revised documents, some would say it was a Rothschild's backing the Germans.
58:51: But if you put these, you, if you put this claim under scrutiny, you'll see that it just was not possible for Germany to be able to achieve its economic success if it was still making interest payments to the Bank of International Settlements.
59:05: Simon, I guess we should talk about why the Bank of international settlements was established.
59:09: It was initially established to be able to essentially process interest payments and in whatever payments towards the debt that Germany was making and this was established in Switzerland.
59:18: Was it in Zurich or was it in Basel?
59:20: I can't remember.
59:20: I don't think it was in Geneva.
59:21: I think it was in maybe Basel anyway.
59:24: It doesn't matter which city it was established in Switzerland.
59:26: I think they have multiple branches anyway.
59:28: It is a Rothschild Bank too as well.
59:30: That should also be pointed out and the B I S still exists today.
59:34: Well, I guess Germany is still making reparation payments anyway, but that's from World War Two separate reason why.
59:39: So we move, we can move towards the end of World War Two.
59:43: The the claim is that the Holocaust took place and at this point is when you know, they had Nuremberg trials as well.
59:48: Germans were held accountable and again, they made to pay reparations, they paid about 80 billion in reparations to date to Holocaust survivors.
59:57: So now at this point, the UK is essentially broke from the war, but you know who's not broke are the bankers and the bankers are in a position to give loans to the UK.
1:00:06: They're of course there to rise to the rescue of those broken in need of money.
1:00:11: And so it's at this point where they can dictate to the UK to walk away from Palestine, which is at that time under British, it was a colony of Britain Administrative colony.
1:00:21: Anyway, essentially then handed over to, well, the Jewish Zionist gangs led by Ergo Hagen and Leahy et cetera.
1:00:28: And the first prime Minister would eventually become David Ben Gurion.
1:00:31: And it was by 1949 that Israel would be recognized as a state by the UN.
1:00:37: And that would be essentially become the headquarters of some would say some of the, some of these bankers from the Federal Reserve and also Bank of England because they wanted these headquarters to escape to shield themselves from prosecution in the event of crimes.
1:00:50: That's a whole other story though, we'll just stick to, you know, state or central banking and some of the perils this led up to because people, people, some would think that, ok, well, after World War two, now, you know, they've, now they've got their, they've got their land, they've got their state of Israel, you know, they've been able to extract all these resources and they've got Germany, you know, in the worst possible position, again, paying reparations.
1:01:12: And you know, there was actually an invasion of Germany as well where, you know, a second holocaust took place among the German separate story.
1:01:19: So why the need for more wars?
1:01:21: Now, another fun fact for everyone to consider is between 1945 to present date, America has been involved directly or indirectly in 63 different invasions around the world.
1:01:32: Hold that, hold that four.
1:01:34: So we're going on 19.5.
1:01:36: I just want to add one more detail.
1:01:39: And I know it's just painful.
1:01:40: I hope everyone's enjoying this.
1:01:42: If you are pleased to share it, we just want, you know, we're gonna be inviting people up eventually and we will get to solutions in the end.
1:01:50: But I, I hope it's it's just important to get to the details of these things to try and understand how we can get to peace.
1:01:57: We can't get to peace unless we can get to the truth.
1:02:00: So what was unique about Japan as well?
1:02:03: Well, Japan also had a non Rothschild state banking debt free system.
1:02:09: and the Bank of Japan as we know it today was something that came from changing a debt-free banking system into the Japanese Yen Ponzi scheme and the Carry trade and everything that followed by putting it through booms and busts that, you know, that we're still understanding that one today.
1:02:30: But Japan.
1:02:32: in order to be drawn into the war, there was a force oil embargo.
1:02:36: and that led to the events and Japan's involvement.
1:02:39: But the bigger issue was, it was another one of those countries that had figured out how to have a non user based financial system.
1:02:47: And so it needed to be replaced with a usury financial system.
1:02:51: So it needed to be also drawn into the war with the oil embargo.
1:02:56: And it ended up obviously getting the ultimate price, which was again, we had the Holocaust which killed all of the people that were the the Jewish people that were put in the gas chamber.
1:03:09: And then we had the drop of the atomic bomb in Hiroshima, which led to the death of 200,000 Japanese people as well.
1:03:17: So the horrors of all of the civilians that are caught up in this war, which when you follow it from a financial historical perspective through the eyes and lens of a monetary reformer and the central banking system, you realize that this is the foundation of our financial system that we are meant to trust today.
1:03:40: So what happened after world war two?
1:03:42: And let's move on to 1945 and beyond.
1:03:46: Sure.
1:03:47: Another important historical fact is that this is also the transitionary process whereby the UK would go from being in a world power with the world reserve currency, the pound to America taking its place.
1:04:00: And part of that call it a inauguration of the of this new status was when they did drop the nuclear bomb on both Hiroshima and Nagasaki.
1:04:09: The US also established deterrence capacity, deterrent superiority.
1:04:14: So no country in the world would think or dare to wanna now attack America again.
1:04:18: It was Pearl Harbor.
1:04:19: By the way, the name slipped my mind.
1:04:21: That was the invasion from 1941 because now America had the bomb before anyone else did.
1:04:26: The Soviets would be the next to get it as that technology was shared by, well, certain members of the tribe, one was, I'll just, I'll leave it there as far as that's concerned.
1:04:35: So in 19 45 but it was also a German scientist, the scientists that gave it to America.
1:04:40: Right.
1:04:41: That's right.
1:04:42: That's right.
1:04:43: I mean, we can get into operation paper clip in the 1600 national socialist engineers that were brought to America to develop both the aeronautical divi divisions industries and also NASA as well.
1:04:54: Werner von Braun, et cetera.
1:04:56: That's a whole out of the story.
1:04:58: But essentially there was competition for human capital.
1:05:01: So he here's another benefit again to the bankers for war is one of the first people able to leave or the pur or, or the people that are most useful to the countries that are invading.
1:05:11: And that's the human capital.
1:05:12: Talent, that talent would entail you know, engineers, scientists innovators, these are the people with usually the mean side that live on their own or they're the ones of most interest to those who have won the war.
1:05:23: In this case, it was the national socialist engineers.
1:05:26: So US would also then establish itself as a superpower by benefiting from, you know, these the best engineers in the world.
1:05:34: They were essentially from Germany.
1:05:35: Germany had lost the war.
1:05:36: So, you know, the engineers obviously agreed to move to the US and help enable it to become, you know, the superpower to eventually become it would eventually be as it is today.
1:05:45: So everything happened with reason and also the part of the purpose of taking these 1600 engineers was is that the US didn't, the US S R would.
1:05:55: And by the way, this is also led to the onset of the Cold War, which was, you know, between competing ideologies of what some claim is capitalism in the US, with its allies, you could call it the NATO allies, there's about 30 countries there.
1:06:08: And then the communist ideology led by the US S R and its satellite states and then other countries, it was looking to spread its ideology to such as in Cuba, such as in Venezuela.
1:06:19: And of course, you know, you're aware of all the satellite nations that have had such as say Ukraine, Kazakhstan, Tajikistan, et cetera there.
1:06:26: And this would last till about 1991.
1:06:29: And so after that, the, these are two ideologies, communism and capitalism where it doesn't follow the ideology because they're both controlled by Rothschild level debt based Ponzi schemes.
1:06:42: Which obvious gates, if you remember what we talked about Austrian economics, right?
1:06:46: At the beginning, you have to have hard money in order to have capitalism.
1:06:51: And this was both built upon two user central banks that both had Ponzi schemes which would inevitably lead through two ideologies.
1:07:03: One where you had the government of the Communist Party being able to obviate all of the resources and pretend that it was sharing everything through the confiscation of property rights.
1:07:17: And then you had the other one which thought they were capitalist.
1:07:21: But all along, they were building the slow confiscation of all their wealth through inflation and tax where they were making the government bigger and bigger and bigger.
1:07:31: The US government bigger and bigger and bigger.
1:07:33: And they were indebted themselves and enslaving themselves to the Federal Reserve to the point today where $10 trillion of us government debt is now on the Federal Reserve balance sheet.
1:07:46: And as we get more and more into present times, and you did bring up another good point which I did miss Truth, which is the bank for international settlements, was set up in order to manage the reparation payments after World War one and eventually it became the central bank of central banks, and part of the power structure in spreading the central banking user model globally into all sorts of other countries, which brings us into Bretton Woods where they figured out how to export the entire debt based Ponzi scheme completely globally.
1:08:26: And ensure the U the US Empire would have complete hegy back to you.
1:08:32: Truth, you're probably going somewhere else, but I just wanted to add those.
1:08:36: No, no, that's all all valid points.
1:08:38: So we've gotten into the establishment of Israel and we've got into the new battleground between the communists and capitalists.
1:08:46: Communists led by the US S R capitalists led by the US.
1:08:49: And the first major war to take place would be in Korea between the North and South, the ongoing war for about five years and lead to the split of North and South Korea.
1:08:57: I'm not gonna go through all the details and then there would be next.
1:09:00: Vietnam Laos, Cambodia more in Southeast Asia.
1:09:03: These wars are very profitable to the financiers.
1:09:07: And it was never really about, you know, achieving, you know, avoiding say capitalist communist ideology.
1:09:13: They wanted the two to be competing against each other.
1:09:16: They wanted the wars because wars bring great profits to the bankers again.
1:09:21: All wars are bankers, wars, there's no profit in peace.
1:09:23: So it became just a series of battles between these two ideologies to try to conquer divide the various territories.
1:09:32: I mean, we didn't get into Sykes PICO, but I mean, that was divisions of land between France and England where, you know, new states were created.
1:09:39: But this whole notion of, you know, modern state theory with established borders, this is essentially a construct used designed to break up countries install ideal amenable regimes in place that would abide by, you know, central banking thesis, which would allow the central bank based out of Switzerland at the time through the b to essentially control the monetary policy of each of these individual countries.
1:10:05: And that's essentially how, you know, global domination would exist.
1:10:08: So now we get to, let's get to 1971 and talk about Bret, the Bretton Woods system, which is essentially just a very simple terms, the gold back currency, but they were using fractional reserve at that time too.
1:10:18: So they didn't have to have, they weren't just lending it 1 to 1 based on amount of gold to amount of currency.
1:10:24: They were in fact down to reserves of, I think around 10% but they didn't want any of this check and balance in place anymore.
1:10:29: They wanted a fiat back system that they could essentially then enable them to generate as much capital currency as they wanted without any check and balance in place and without it being backed by any hard assets such as gold or labor.
1:10:43: And so this is what took place in 1971 when they got off the bread and wood system.
1:10:47: However, they did want a major traded commodity that being oil at that time to just be to do for the transactions just to be carried out in oil.
1:10:58: So they eventually did want to establish the petrol dollar system.
1:11:02: And that would be that would essentially be led by Saudi Arabia.
1:11:07: So if anybody's ever read the book, confessions of An Economic Hitman by John Perkins.
1:11:12: He's one of the leading economists who was actually in Saudi Arabia, negotiating this deal with Saudi Arabia for it.
1:11:19: It was basically an exchange that was to be made.
1:11:21: Saudi Arabia would agree as part of OPEC, the biggest oil cartel in the world to do all of its oil transactions in US dollars only.
1:11:31: And the significance of this is that oil, as I mentioned was the number one traded commodity in the world.
1:11:36: So this would guarantee maximum monetary velocity and your ma and continued transactions of us dollars, which would help prop up the dollar given that it wasn't backed by any real asset anymore.
1:11:49: So now the dollar would be backed up by a petrol dollar.
1:11:52: And the other members of the OPEC cartel would also follow suit and also primarily just sell their oil in US dollars.
1:12:00: And this would enable the US to maintain its its hedge money and also establishes the US dollar as the world reserve currency which would give it many advantages, not just to be able to carry out war to women, produce ample amounts of money, but to then be able to sanction countries who would not abide by expectations of what, what the global powers and elites wanted for instance.
1:12:23: And so if you've looked over the course of history, you've noticed that many countries that who would not abide by us expectations such as say Iran or now Russia at this time, Venezuela, all countries essentially that don't have a reserve.
1:12:39: A Rothschild Central Bank, they would be heavily sanctioned and essentially unable to process transaction through the established payment method called Swift.
1:12:48: Swift was the go to system that was used to be able to process all transactions for things such as oil, gold, silver and you know, any international trade that was overseen by the WTO the World Trade Organization.
1:12:59: So without swift, without the ability to trade freely between countries, countries would have to figure out how to circumvent sanctions.
1:13:06: And this would of course, create, you know, enormous challenges strife and also lead to mass inflation within these countries and make them suffer economically.
1:13:14: So you see it had very damaging effects to be able to weaponize the dollar Simon.
1:13:18: I see you've got your hand up.
1:13:19: Probably one absolutely important.
1:13:20: Yeah.
1:13:21: Yeah.
1:13:21: So yeah, it just makes me realize how in depth this subject is.
1:13:25: I hope everyone's enjoying it.
1:13:27: I told you it would be a fire hose.
1:13:28: , so we, we did Miss Size Picot.
1:13:31: So that was where the British Empire essentially split the Middle East up in a way where they could ensure that the Middle East would not unify around their oil resources.
1:13:43: , and so they wanted it to be in war in perpetuity and the lines were designed so that there was all sorts of cultural and religious, issues and by injecting Israel in, they knew that the genocide and ethnic cleansing because the goal was to use to weaponize the Holocaust.
1:14:05: And to make people believe that all the Jewish people now needed to go to Israel.
1:14:11: And when you join Israel, you have to join the ID F and when you join the ID F, you have to engage in the ethnic cleansing of the Palestinian people.
1:14:20: And you also get to take over their land through illegal settlements.
1:14:24: And so they would keep expanding their territory, escalating wars in order to try and get more and more territory as part of the Greater Israel project.
1:14:36: But Sico was, you know, to, to ensure that there would, there would never be peace in the Middle East.
1:14:42: Now Israel then engaged in a series of force flag operations.
1:14:48: So at the moment, remember we're in the Cold War, which is the ideological war between capitalism and communism.
1:14:54: There's like the Marshall plan where people can buy their way that led to the World Economic Forum that we have today, you could buy your way into capitalism and America would fund it based upon the Federal Reserve.
1:15:06: But then you had to agree to have their central banking system in it.
1:15:11: , and then you had the competing ideology of communism as well.
1:15:16: And so you had Europe where various,, states subscribed to the communist ideology.
1:15:21: And,, the Rothschild and central banking system was incurring deep, was getting these countries to incur deeper and deeper and deeper debts all the way and they were getting their user clip of every single war.
1:15:36: So the Bretton Woods system was constructed after World War two where basically they said, we will create an organization called the International Monetary Fund, the IMF and the World Bank, the World Bank can lend to all the companies that were destroyed by World War Two and get them deeper into debt.
1:15:57: And if they wanted to take a loan from the World Bank or the IMF, they had to subscribe to building a central bank of the debt based Ponzi scheme with their local currency.
1:16:10: And then we would issue them an overdraft and we will create our own currency later called special drawing rights.
1:16:16: that would allow you to go into overdraft and by the way that money is created out of nothing.
1:16:21: And how is the money that was created for the world bank loans or the World Bank loans would sell world Bank bonds and who would buy those world back bonds.
1:16:29: The banks that were members of the Federal Reserve and they would create those out of thin air through the fractional reserve banking system.
1:16:37: So the money was created out of nothing, which meant Americans paid inflation in order to lend all this fake money that was fractional reserve banking at the World Bank scale, that would then implement a covert form of mercantilism where all those countries that took the IMF loans would go deep into debt, print their money, destroy the wealth of the locals and end up having to give their assets and resources over to the hegemony power of the Federal Reserve.
1:17:06: And so the way that they got that is, they said, everybody don't worry about gold.
1:17:12: We'll keep the dollar convertible into gold and then we'll make a fixed exchange rate between your currency and our currency.
1:17:21: And then we'll, you can all take a World Bank loan and later an IMF loan.
1:17:25: And so you've got this bank for international settlements, which was based upon exporting the debt based Ponzi scheme globally through after World War one.
1:17:36: And then you had the IMF which was about exporting the debt based Ponzi scheme system globally through IMF loans and reconstruction loans through the World Bank.
1:17:48: at this stage, all of the countries that agreed to it, the only country that wouldn't agree to it was Russia, the only one that would opt out of the Bretton Woods system.
1:17:57: , and so then you have,, the Cold War that, that, you know, that, that followed,, from that, which was profitable to the central banking system.
1:18:07: , but America decided that it would renege on its promise.
1:18:13: Why?
1:18:14: Because it was splitting countries into two based upon the capitalist and communist ideology.
1:18:20: You had the Korean War which led to North Korea, South Korea, you had the Vietnamese war which led to North Vietnam, South Vietnam, which was a capitalism versus communism ideology.
1:18:33: And in the meantime, millions and millions of people are being killed.
1:18:37: Billions and billions of debt is being a and being taken on by these governments and the beneficiary of all of this war, death and destruction is those that were issuing the loans, which is the central banking system, which by the way was also creating all the inflation which led to the slow confiscation of our wealth at the same time as enforcing tax payment.
1:19:00: And this is why there are many quotes by people that were fighting the central banking system that said, if the world knew how the financial system really work, they would be up in riots at the moment.
1:19:13: Heading for that the American people understood how the, how the central banking system worked.
1:19:20: There would be a revolution by tomorrow morning was his exact quote.
1:19:24: There you go.
1:19:24: So recap, the world agreed that the US dollar would be convertible into gold and everyone would then convert their currency into the US dollar.
1:19:36: And then in order to fund the Vietnamese War America ended up losing more and more of its gold because the currency was being debased and the currency was being debased and the value of the debt was increasing into the multi billions will go through the numbers.
1:19:53: In a bit of where the $35 trillion of debt all came from.
1:19:58: But you can start to see a picture where this is all coming from.
1:20:02: And so in order to continue to fight the Vietnamese War, which was, by the way, I've been to Vietnam and if you ever go to the Vietnamese War history, the war museum, I still saw people in the streets where their whole face was deformed from chemical warfare.
1:20:19: where their complete the the level of destruction.
1:20:22: I defy anyone to go to the Vietnamese War Museum and not walk out and be absolutely abhorred and disgusted and by what was done with our, with our money through the Federal Reserve System.
1:20:34: as a result of that, But then in order to continue the war with Vietnam, they needed to remove the convertibility of the dollar to gold and end up with the final parts or the one of the final parts of the system which is re removing the complete convertibility of gold from the dollar.
1:20:57: And they left the, the, the gold standard and in 1971 we had the Nixon shock where now the Federal Reserve could print as much money as it chose.
1:21:09: just based upon a couple of things, they needed demand for dollars and they needed people to continue to invest in the US government and lend the money through the bond market.
1:21:20: And that was the construct of the petro dollar which said we will allow you countries in the Middle East to maintain your monarchy kingdoms.
1:21:32: Saudi Arabia will provide an arms deal for you.
1:21:34: You can keep buying our weapons and our defense systems so that you can maintain your monarchy and your kingdom.
1:21:43: But you must sell all oil in dollars so that people have to buy dollars before they can actually buy oil.
1:21:53: And then they did the euro dollar system, which is by destroying the European economy by blowing up and committing terrorist attacks like nord stream pipeline blowing up.
1:22:04: You can ensure that no one would invest in the European stock market and instead they would take their euros, which by the way was a plan of how to convert Germany into the debt based Rothschild Ponzi scheme as well as well as the Bank of Japan.
1:22:21: But you could then they, they would have to buy dollars in order to invest in us stocks.
1:22:28: And now the whole thing is propped up based upon the demand for dollars continuing and people's faith and trust in the system in order to continue to lend to the US government.
1:22:41: So they can roll over the Ponzi scheme and increase the debt beyond where it is right now, which is 100 and 30% debt to GDP, which is normally the rate at which an empire changes and it's no longer profitable to maintain the empire once you hit 100 and 30% debt to GDP and and above back to you.
1:23:02: Truth.
1:23:03: Sure.
1:23:04: Yes, thank you a lot of important points there.
1:23:07: So just to kind of recap what the the main purpose of the central bank is how it's able to not only just enable its control, maintain its control, but expand, you know, its wealth and its influence is it also due through organizations such as the UN or the I A E A International Atomic Energy Protocol, essentially the N P T, the WTO.
1:23:33: And now, you know, everyone knows the W E F.
1:23:36: This is how they're able to gradually centralize and get all countries, you know, involved in these organizations.
1:23:43: So they can all be under the purview of these, these global elites elites essentially want not just dictate, you know, the monetary policy and currency control, but also, you know, there are other value system that involves more secular socialist, liberal policies.
1:23:59: You know, such as the generousy that's been previously described again, to keep the masses distracted from what's actually going on and also not really allow them or give them an opportunity to revisit history and understand who's really ruling over them and understand why the dollar continues to depreciate in value, subjected to inflation devaluation of the currency and then the taxation of their earned wages that's used to just pay interest payments on a debt that's just in perpetual rise.
1:24:30: It's a, it's an interest payment that's just made in perpetuity until the system eventually crashes.
1:24:35: Simon mentioned 100 and 30% debt to GDP ratio.
1:24:39: That's you know, historically usually led to eventual crashes.
1:24:43: The only I I believe one of the, the higher debt to equity debt to GDP ratios right now is, is with Japan and Italy.
1:24:50: And the only reason why Italy remains viable at all is because it's a member of the EU.
1:24:55: So it's able to get, you know, loans through the, the eu centralized system.
1:24:59: And of course, Japan, you know, is essentially a colony in the US.
1:25:02: They do have, you know, high growth rates in Japan.
1:25:04: They're very, very much industrialized and modern.
1:25:06: So they're barely able to scrape by as well.
1:25:08: But you know, they can get loans when they need to as well because they've also succumbed and given up their financial autonomy as well.
1:25:15: So I mentioned the seven I wanted to come.
1:25:17: I don't want to cover one more part as well.
1:25:21: The, the time when the Middle East tried to do an uprising and do a currency reform was when Nassar, the leader of Egypt tried to create an Arab League where everyone could reunify around their oil resources across all the different Arab nations.
1:25:41: And he nationalized the Suez Canal which Britain considered it their property.
1:25:48: And so this was where Israel was first weaponized in order to create the fake war on terror as we transitioned from the fake war on communism to the fake war on terror.
1:26:02: And the way Israel did it is they took,, Egyptian Jewish people,, and they committed terrorist attacks against the American people and,, the British people that were in Egypt at the time.
1:26:16: , and,, they made it look like,, the Egyptians were,, becoming terrorists and they tried to label them as terrorists.
1:26:25: , and it turned out that it was a mossad operation.
1:26:29: , and,, you can look up the Levant affair and they had to apologize, but this was our first or some of our early indication were not really the first because they did it to the British people when they blew up the King David hotel when the Haganah group,, was trying to occupy more of Palestine.
1:26:48: , but this was our first indication that you can have a fake terrorist attack, blame it on the native people.
1:26:58: so that you can justify getting America involved in the war because Israel wanted to bring America in.
1:27:06: And so that they could stop the unification of the Arab League and obviously that didn't end up end well for NASA did not.
1:27:15: So, yeah, Lavan affair named after the Israeli defense minister of false flag attacks.
1:27:20: One among many that Israel would go on to carry out throughout its history to the present date.
1:27:25: So the 46 that was, that's very important.
1:27:28: I I'm gonna, I'm gonna quickly highlight that the, the King David hotel bombing in Jerusalem.
1:27:32: It's carried out by Ergon actually led by Menachem began and Yitzhak Shamir and so they actually dressed up as Arabs, six of them went in and they, they installed TNT in the building.
1:27:43: They blew it up.
1:27:44: They killed 91 people including British Palestinian and 17 Jews as well.
1:27:48: And these were various terrorist attacks that they carried out in order to push the British out so they could take over Palestine.
1:27:54: And the UK was in a very weak position at that at that time following World War Two, even though they were the proclaimed victors because they were highly in debt and they were also subjected to debt servitude from the bankers who had issued new loans to them.
1:28:04: So they could, you know, try to revive their economy.
1:28:07: And so that by 1947 they had essentially given up on trying to keep their colonies including India and of course, Palestine and others.
1:28:14: And so they were essentially streamlining their, their list of, of colonies that they couldn't keep anymore.
1:28:20: And so they gave it up to the UN to, to figure out and that's what it actually led to the, the Nakba and then beyond, you know, the current occupation of all of Palestine.
1:28:28: So fast forwarding a little bit.
1:28:29: So we talked about Bretton Woods and the change from essentially gold backed currency to no longer to now Petro, Petro backed currency US dollar being the world reserve currency led by OPEC, which is initiated by Venezuela.
1:28:43: And then I believe it was Iraq, Iran and there are five countries initially, now they've added more to OPEC, but about 80% of the world's oil exports and at that time anyway, were essentially within the OPEC members.
1:28:55: So you see how important it was to get OPEC on board with the petrol dollar and how it would allow the US and you know, the world elite bankers to be able to maintain their hedge money through the petrol back system and, and keep the dollar stabilized as it was backed by nothing besides essentially war and the petrol dollar.
1:29:11: And then this would later lead to, you know, once, once the US S R eventually collapsed after its, you know, the failed war in Afghanistan that there would then need a new pretext to launch new wars, you know, in, from 911 and beyond.
1:29:25: I don't know how far deep you want to get into clean break, clearing of the memo, you know, and then I was not, or if you wanted to fast forward to the great recession.
1:29:34: No.
1:29:34: Can I do 63?
1:29:35: Do you want to get, how can I forget that J F K J F K is, that's a very important point in history and finance.
1:29:44: So J F K was a reformer and he wanted to reverse the Rothschild Federal Reserve banking system and he wanted to issue non debt based currency backed by a fixed amount of silver.
1:30:01: So firstly, he was the next monetary reformer, the first American monetary reformer since Abraham Lincoln.
1:30:10: He also recognized that there was a deep state emerging in America where Israelis were being able to control the politicians and control the Congress and Senate.
1:30:24: And so he wanted to take the lobby group A pe C and make it a foreign agent.
1:30:30: So it could not make financial contributions and engage in any kind of political interference in the in, in US policy.
1:30:41: And there was a third thing that he wanted to do as well.
1:30:44: He wanted to expose Israel for stealing its nuclear intelligence and illegally building a nuclear weapon which it only recently admitted to it after October the seventh when it said it was gonna nuke Gaza and use it if in that, in that place.
1:31:06: But prior to that, J F K wanted to expose that and he wanted to create a world treat peace treaty.
1:31:12: This later led to, you know, various negotiations around the Iran nuclear deal and various other things and we can go and there's different politics.
1:31:21: We probably don't want to go too deep into there.
1:31:24: But J F K was a huge threat to the Rothschild banking system, who is Israel?
1:31:31: Israel is Rothschild.
1:31:33: Balfour promised and declared Israel to Rothschild.
1:31:39: And does it sound like he's a AAA good representation of the Jewish faith?
1:31:46: I don't think so.
1:31:47: This is not in line with any of the, the messages that God gave us in the Torah.
1:31:52: And so that's what Israel, you know, Israel is.
1:31:57: And then anybody that does an ounce of research to figure out who took out J F K, this comes into current politics.
1:32:06: Both R F K and Donald Trump have promised that if they become, if they win the Republican administration next.
1:32:15: And sorry to fast forward to today's politics.
1:32:17: But Trump basically took 100 million and said, I'll amex the West Bank and hand it over to Israel, but they also said they will release the unredacted J F K files and both Trump and R F K know exactly who was involved.
1:32:34: And Mossad's,, you know,, Mossad's role in taking out J F K and J F K if you listen to any Ron Paul politics,, this is Ron Paul believed that there was a coup where that was the last independent president that was democratically elected of the United States.
1:32:54: And ever since then, it has been the deep state controlled by the CIA and Mossad.
1:32:59: , and it is never returned to any kind of democratically elected president since.
1:33:07: Do you want to go to that?
1:33:08: Go through that one.
1:33:09: Yeah.
1:33:10: Can't believe we almost missed the J F K assassination.
1:33:15: Yeah, he was absolute absolutely an economic reformer.
1:33:17: He wants to repeal the Federal Reserve Register, the American Zionist Council with Farah and also wanted to inspect the de Mona nuclear reactor because he knew that Israel was stealing uranium from the NIC plant in Apollo Pennsylvania, which was overseen by Zalman Shapiro and later exposed by Mordechai Vanunu who was a tech that worked there, worked at num me for many years and he had pictures and evidence that documented that Israel actually does have nukes.
1:33:39: He's actually known that Israel had nukes before.
1:33:42: a Mikha Yahoo.
1:33:43: They heard of Japan sort of Israel exposed it when he threatened to nuke Gaza is already known because Vinu did present evidence that they were building nukes, you know, with the evidence.
1:33:52: But Israel just continued to employ or invoke a nuclear ambiguity by not discussing confirming or denying that they had nukes.
1:34:01: So it's just a policy of you know, essentially avoidance of the topic, but just fast forwarding a bit because we can get into all the wars.
1:34:09: So essentially we truth, America's Bank and trust was taken over by the Swiss Israel Bank the same day J F K was assassinated and just put that there.
1:34:20: You can since you guys were talking about that a very important point.
1:34:26: So staying on the feds, staying on the wars, we can get up to so that there is also a, again another following the Vietnam disaster.
1:34:36: There's the war also then in Afghanistan from 79 to around 8788 or so when the US S R withdraws.
1:34:42: So again, another battle for, you know, communism versus capitalism that just benefits the bankers once again.
1:34:48: And then this eventually leads to the collapse of the US S R in 1991.
1:34:54: So you think, OK, no longer a cold war, there should be a period of peace and tranquility.
1:34:59: Well, no, there's then the war in 93 in Iraq brief invasion there.
1:35:03: And then there's the the breakup of the Yugoslavia by 1999 as world war within Yugoslavia.
1:35:09: And it's divided into six different countries after that to because again, Yugoslavia, I looked this up by the way Simon.
1:35:16: Just for today's conversation, someone brought it up.
1:35:18: Yugoslavia also didn't have Rothschild Central Bank at that time either.
1:35:23: So then they also face the Rothschild curse and you know, civil wars somehow instigated magically all of a sudden, you know, Serbs, you are getting ethnically clans and then Bosnians are getting killed and there's civil war between, you know, Catholics and orthodox Christians versus Muslims and all, just a religious war, they want to make you believe.
1:35:40: But really it's to establish, you know, central banks in each of these regions.
1:35:43: So they can control the monetary policy of all these regions back up a little bit on Kleber clearing of the real policy paper and also P O C.
1:35:51: So now because the Cold War is over, they need new reasons to be able to do invasions.
1:35:55: So they want to create this war on terror.
1:35:57: So those who drafted were drafted these proposals, these policies were, you know, all members of the State Department and for the most part, dual nationals from the likes of David Wermer, Doug Faith, Richard Pearl, and later Richard Kagan as well, husband of Victoria Nuland.
1:36:12: And of course, you had Paul Wolfowitz as well.
1:36:14: Essentially the goal was to do regime change in seven different countries starting.
1:36:18: Well, Afghanistan wasn't on the list.
1:36:20: It be added was added to the list, but it started with Iraq, Syria and Iran.
1:36:23: And then they would later add also Libya Lebanon and then Yemen would be added, Somalia and Pakistan.
1:36:28: So essentially nine countries, Iran, they still haven't.
1:36:31: Well, they've struck or tried to broke in the war multiple times.
1:36:35: So what is the goal of this new war on terror?
1:36:37: Well, as they put it in PAC, it's essentially to do regime change in many of these countries.
1:36:41: So one they could, you know, control their monetary policy, steal their resources as they did in Iraq when they stole their oil and gold as they're currently doing in Syria by stealing their oil, as they, as they did in Libya by stealing all their gold.
1:36:54: So Libya Libya is a, I don't know if you want to discuss Libya as a financial system that was viable and outside of the Rothschild purview banks, I guess we can get into it briefly.
1:37:04: So under Gaddafi, Gaddafi had also was issuing his own currency as well within his own country for roughly three decades until he was turned into a slave state and assassinated.
1:37:14: Not because he did anything wrong, but because he was accused of, you know, his company, he kept essentially, they claimed that he was tyrannizing his, you know, he was a tyrant and essentially, you know, oppressing his people.
1:37:26: But the reality was that Libya was actually the most successful country in all of Africa because they controlled their monetary policy.
1:37:33: So under the Libyan system, individuals enjoyed free health care, free education they enjoyed the lowest prices for cost of oil at around 14 cents.
1:37:43: They receive bursaries for getting married.
1:37:45: They could have surgeries outside of the country if they need additional health care.
1:37:48: And they were obviously encouraged to have kids and they also got a dividend from the net sale of oil proceeds.
1:37:54: So I don't think any other nation or ci citizens enjoyed in any other country.
1:37:58: Maybe UAE has something similar and Saudi citizens are also very well cuddled taking care of as well.
1:38:04: But yeah, so what Libya essentially sought to do though is through African Union and wants to establish a gold back dinner so they could stop essentially selling their resources in us dollars because they saw the perils of the central banking system.
1:38:17: And this is what essentially led to then Hillary Clinton and company wanting to, you know, turn, you know, through its insider context and Libya turned it into the slave state.
1:38:26: It's become where you can actually buy a Libyan slave for about $200 a pop.
1:38:30: So that's it went from most successful country in Africa to now one of the well slave states essentially and slave state both physically and also financially, you know, subject to debt servitude and, and actual slavery.
1:38:44: So it will be added to the list as well.
1:38:46: The other purpose of this war on terrorists to neutralize, you know, immediate threats to Israel being Iraq, Syria.
1:38:52: Then ultimately, Iran, that was the purpose of the clean break paper.
1:38:55: So again, most of these wars are again financed by debt and it leads to the need for foreign aid packages to give Israel so they can have its own weapons and resell them also to many rogue regimes around the world to continue and further instability and civil wars, which again a beneficiary of the Federal Reserve bankers, central bankers within one square mile city of London.
1:39:17: And then besides creating this, this instability, you also avoid unity among the Arab states.
1:39:25: And this essentially also assists Israel because then you know, they can use the guise of wanting to use Abrahamic a course to bring these Arab states which now have these fake puppet regimes installed to then back Israel against the better interests of their countries and what their populations actually want.
1:39:42: So you see the power of being able to create instability, adding puppet regimes, you can then keep them in line with what the objective is, which is to, you know, avoid unity among these countries as it did in Africa.
1:39:53: When they got rid of Gaddafi.
1:39:56: In pure simple terms, you divide and you conquer and then you're able to maintain your control and grasp through the monetary system and your ability to sanction by weaponizing the currency, the world reserve currency being the dollar.
1:40:07: So these countries are forced to remain in perpetual debt servitude.
1:40:12: You know, in the event that they, they try to, you know, revolt, they, they're subject to such high, high amounts of inflation and, you know, poverty among the population, such as the situation in Egypt where, you know, they essentially just have to, you know, submit for the time being anyway.
1:40:27: So the only countries that have been able to, for the time being avoid this debt servitude.
1:40:31: You've got Russia, Iran believe Venezuela as well.
1:40:34: And you see how heavily targeted these countries are now, I'd be remiss if I didn't mention the great recession and what led up to it.
1:40:41: So, and then around the time of Bill Clinton, he had this objective of wanting every American to have a loan.
1:40:46: So he's acting like offering like these amazing tax credits and initiatives.
1:40:51: And you know, it was a time of prosperity briefly in America, say between 92 and 2000 Simon, there's actually one year where there was a net surplus.
1:40:58: At the end of the year, it happened under Clinton first time ever, I think between 1913 and 2024 there was actually a net surplus.
1:41:05: Otherwise every other year there's been a shortfall and they've always had to raise the debt ceiling because they outspent whatever they took in because that's how the system is designed.
1:41:14: So by offering all these incredible incentives for every home, every American to become a homeowner, homeowner, including those who couldn't really afford it.
1:41:24: You then led to a system which led to artificial inflation of property prices and then led to more speculation and then Americans taking out, you know, home, home equity loans and second home equity loans to then buy more homes that were again overvalued in price.
1:41:40: And, you know, then essentially a subprime mortgage system as well where you would get teaser rates to begin with again, all overseen by the fed that is said they supposedly had, you know, regulators in place like Moody's and S and P to ensure that there was no bad debts among these bonds, they were selling and reselling.
1:41:57: Well, no, these, if you look at who financed these actual regulators, you'd see with the banks, they were providing about 80 to 90% of their funding.
1:42:04: So they had, you know, a whole lot of influence on what kind of you know, debt, the, the, the rankings they would get like AAA was, was top rated and you'd have these junk bonds, junk mortgages, you know, in these tranches that were being sold and resold, they were getting AAA or AA ratings that really were, you know, at best C or lower even, you know, pure junk bonds.
1:42:26: So this was again, you know, artificial propping up of, you know, debt arbitrage to be able to earn commissions from under the elites, from the bankers, the B and offer these incredible commissions as well.
1:42:37: Sell and resell that eventually led to the crash of 2008, some would call it the great recession and they claim it was unforeseen.
1:42:46: But really, this was again another way to reset the system because usually when these, great crashes happen, it leads to transfer of wealth from the poor, middle class up to the wealthy, then have an opportunity to buy back the assets of pennies on the dollars.
1:43:00: And they do it through things like their ETF S mutual funds and hedge funds.
1:43:04: And again, they, and, and reach their real estate investment trust as well.
1:43:08: So they can continue adding to their portfolio of real estate that they, they can then rent out or resell to Americans at again profitable prices as they begin to reset the system and cause another expansionary phase until the next crash.
1:43:23: So now the question is not when the next, not if, when the crash will happen next, it's just a matter of when and how it's gonna happen, whether it will be a cause of a regional war or World War Three.
1:43:34: That's the question that remains.
1:43:36: So I don't know if you want to get into further detail about more wars and a and a Federal Reserve, but we can recap it essentially about again.
1:43:42: The main purpose of the Federal Reserve was established in 1913.
1:43:46: It has a dual mandate of supposedly managing both inflation and unemployment.
1:43:50: It has failed on both consistently.
1:43:52: There have been 20 recession between 1913 to present day.
1:43:55: I think we're technically in a recession now.
1:43:57: But the the the term has been redefined by the Biden administration to mislead the public into thinking, you know, the economy is great.
1:44:04: So this way someone you know the next p regime under Kamala Harris can be elected because they'll probably steal another election.
1:44:10: But nothing could be further from the truth.
1:44:12: And Americans just need to wake up and realize that this ideology of debt servitude whereby, you know, you've got centralized banking in place that charges interest when they're buying treasury bills issued by the treasury is essentially a Ponzi scheme that's allowed for, you know, this fake fiat currency dollar to be in place.
1:44:30: It's been devalued by well over 97% now.
1:44:33: And it led to consistent inflation well over the 2 to 3% target and led to the debt servitude of many Americans.
1:44:40: And while they've been doing this, they've been devaluing the currency by flooding the monetary supply with so much cash in the system that it's up to about $35 trillion.
1:44:47: So they keep looking for new ways to be able to impose their austerity measures by taxing Americans through every single tax under the sun, from income tax, the property tax, the gas and liquor tax to a consumption tax, federal, either state taxes, just one tax after another to eat away at your earnings so that you're essentially a debt slave of the system and you become far less resistant to speaking up on the unjust and unfairness of the current system in place.
1:45:13: While you're also being distracted with a series of degenerate policies.
1:45:17: I promise that we get into that because that's not the purpose of this discussion, but they do serve to distract the masses and keep them arguing over silly divisions such as, you know, straight versus gay, conservative versus liberal Democrat versus Republican while they continue to reap the profits of the Income Tax Act and all the taxes in place and the austerity measures in place to keep you essentially a death slave of the Federal Reserve system.
1:45:39: Go for it.
1:45:40: Simon.
1:45:41: OK.
1:45:42: I wanna do two more things before we get into solutions and maybe you want to do something in between.
1:45:47: I just wanna walk you through how the u what the Federal Reserve has done to the US government in terms of its debt and all the interest that you have to pay on it because now 72% of all of your tax income goes towards servicing interest on the debt.
1:46:05: And it's adding another $1 trillion every 100 days.
1:46:11: That's the level that it's got to right now.
1:46:13: But what I wanna do is two more things before we go through solution one, I wanna walk through the debt.
1:46:18: The second thing I want to do is give you a modern day example of how the Federal Reserve did a complete manipulation of the Bitcoin and Cryptocurrency market in order to completely lead to the destruction of billions of dollars of people's lifetime savings and transferring that over to the traditional financial players.
1:46:41: So it's a modern day example of what happened in 1907, but it happened with this new market and then we can go into solution.
1:46:49: So walking through the debt.
1:46:51: So you had the fake war on communism which split North Korea and South Korea.
1:46:57: So in 1953 the US national debt was $275 billion.
1:47:05: The next one you had was the fake Vietnamese war, which was a fake war on communism where you split Vietnam, Vietnam into based upon the fake ideology where the Federal Reserve benefited from both communism and cap and fake capitalism and fake communism.
1:47:23: And that added in 1975 the US national debt was $533 billion.
1:47:30: You haven't reached a trillion dollars yet.
1:47:33: Then in 1980 this blew up the savings and loans banks which were all the small banks.
1:47:40: And at the time, there was the equivalent of FDIC, by the way, FDIC is another scam.
1:47:46: It basically only has 1% of the deposits.
1:47:50: And it says that if you, you know, you're guaranteed $250 in the banking system but it doesn't have the $250.
1:48:00: It can only handle one bank going bust or two banks maximum at a time until the Federal Reserve needs to come in which is socializing the loss and creating additional inflation.
1:48:12: and doing it through both taxation and a hidden inflation.
1:48:16: But in 1980 this blew up the system.
1:48:18: You had a savings and loan crisis which blew up the debt to 908 billion.
1:48:24: In 1991 you decided to fight Netanyahu's Gulf War in order to stop Saddam Hussein from building a currency backed by the oil of both Iraq and Kuwait.
1:48:38: And he was also a monetary reformer that didn't want to build a debt based monetary system.
1:48:44: And so you had to pay for the war in order to take him out that put the debt up in 1991 to $4 trillion.
1:48:53: Then in 1998 the smartest people in the room got together and created a hedge fund based upon code called long term capital management.
1:49:03: And that blew up in order to bail out that system, the Federal Reserve managed to get the government into $5.5 trillion of debt.
1:49:13: Round about 1999 is when they managed to take out Germany and replace the German Central Bank with the ECB, which was another Rothschild Central Bank which took, took on the whole of Europe.
1:49:26: Britain managed to escape it because it actually came.
1:49:30: It was the Bank of England.
1:49:32: So it didn't want the Bank of England to become the ECB and so it England, which is Rothschild managed to keep its currency.
1:49:39: Then you had the dot com boom and bust, which is where my father lost his lifetime savings.
1:49:45: So by 2000, the debt went up to $5.8 trillion.
1:49:51: then you needed to take out Saddam Hussein.
1:49:55: Then we had 911.
1:49:59: anyone that's done any research, look up dancing Israelis and find out who knew about 911.
1:50:05: And everybody that has done any ounce of research can look at the redacted names of the 911 files and find the seven Israelis that were arrested and then their names were redacted from the released file.
1:50:20: And you can find out that Larry Silverstein took out the insurance on the Twin Towers that he bought for approximately 14 billion, sorry, $14 million in order to receive a $14 billion insurance payout and made 100 X return on 911.
1:50:42: But this was the justification for going into the fake weapons of mass destruction, even though Israel was the only one that had weapons of mass destruction, they had to pretend there was 1000 extra from sorry 1000 next return.
1:51:00: And so because Saddam Hussein wanted to do a non debt based monetary system.
1:51:05: you had to take that out because there was serious oil that could back that one in.
1:51:10: So after 911, after the fake war on terror, the debt went up to $5.8 trillion after the Iraq war, which was the fake weapons of mass destruction, the US debt went up to $7.3 trillion.
1:51:25: When as truth covered, the global financial crisis were essentially the, the banks were trying to get people that couldn't afford loans to get to pump up the bank balance sheet by allowing, you know, interest sorry loans with no sorry, we're getting, we're getting through this loans with you know, no down payment, liar loans and fraudulent loans that were then repackaged and sold to your pension.
1:51:59: And they were sliced and diced up, made into derivatives, made credit default swaps, made mortgage backed securities sold to your hedge funds.
1:52:07: So an hedge fund manager that did the executed, the big short could benefit from that.
1:52:12: But after the 2008 global financial crisis, you ended up with $10 trillion of debt.
1:52:18: once you wanted to take out Gaddafi because he wanted to create his own gold back currency.
1:52:25: Then you ended up in 2011 with $14.7 trillion of debt.
1:52:31: And then of course, you needed to take out the fake Israel created subsidiary that came from Al Qaeda that led to Isis and Isis who has never attacked Israel and is used by Mossad and the CIA and the MI-5 in order to make you think that 2.2 billion Muslims are people that want to take away your freedom, chop off your head.
1:52:55: And those are useful useful tools used by Israel.
1:53:00: You needed to invade Syria and then you went up to $20 trillion of debt.
1:53:06: And then of course, the World Economic Forum engineered COVID and that meant to that led to the shutdown of the economy so that you could wipe out all of the small businesses and Silicon Valley could benefit from the the large tech companies taking over the entire small business industry that took America up to 22 $27 trillion of debt by 2020.
1:53:32: Of course, then you needed to spend $2 trillion in order to go into Afghanistan and replace the Taliban with the Taliban.
1:53:42: And then you ended up in 2021 when you retreat $29.6 trillion of debt.
1:53:48: And of course, when NATO expanded and it was in complete violation of the Minsk Agreement and Putin saw it as an act of aggression.
1:53:57: That was a return to the Cold War.
1:54:00: Then when you decided to backstop Ukraine which essentially 50% of it is owned by Blackrock now because you managed to privatize the whole of Ukraine.
1:54:11: You ended up with $31.4 trillion of debt by backing Ukraine.
1:54:18: And then of course, when October the seventh happened, when President Biden lied to you all and said that there were 40 bareheaded babies and a force flag operation that where there was no mass rapes.
1:54:31: And there was a hostage operation in order to reverse the illegal occupation.
1:54:37: and to try and negotiate to get the 10,000 prisoners that were being held in Israel illegally from Palestinian hostages.
1:54:46: Then you ended up taking the tr the debt up to $34 trillion in 2023.
1:54:53: And by this time, the UK is stuck at about $2.7 trillion of sorry trillion dollars of debt.
1:55:01: But with all your pension liabilities, social security, liabilities, interest on the debt and the future war obligations, you're now up to $250 trillion of obligations that you are now renting out your future in order to make sure that your Children need to give their contribution to the Federal Reserve system in order to enrich the Rothschild system.
1:55:28: So it goes back to the Bank of England into the city of London that is benefiting from the whole system.
1:55:35: And you've got useful idiots that are now an American government that is fully controlled by the foreign policy of Israel that is now telling Trump what to do, telling Biden what to do, telling Vance what to do, telling Harris what to do.
1:55:52: And the entire system is completely co opted by the money that comes from the Federal Reserve.
1:55:59: And you are meant to believe that the Federal Reserve is there to do one thing and one thing only is to help out your unemployment numbers and to help out inflation and to stabilize the system.
1:56:12: And so now you're up to three hun as we said, $250 trillion of debt.
1:56:18: And backing that as well is a bunch of this us government debt has been used as collateral in order to create derivatives which are now in value of one quadrillion dollars, which is greater and many times over than the entire value of all productive value of all economies combined, which creates a ticking time bomb whereby if the value of those bonds crashes in any reasonable way, we saw what happened with Silicon Valley Bank.
1:56:49: And the next thing I wanna do, I'll hand over to truth.
1:56:53: But what I'd like to do is help you understand how the Fed weaponized the Cryptocurrency sector and executed a very clever operation in order to move all those assets over to those that were meant to receive those assets.
1:57:12: Yeah, it was a hell of a summer.
1:57:14: So just in the last 24 years, the, this, this war on terror, since 2001 has led to the, the mass burden of about 11 million civilians.
1:57:21: It's displaced 50 million people.
1:57:23: It's cost over a trillion dollars and the American people are far worse off, including Europeans.
1:57:29: Some of some countries of which are in recession like Germany.
1:57:34: While,, the,, the central bankers have, you know, vastly benefited, you know, from these various wars on terror.
1:57:40: And also some say the scam demic as well since 2001, when they introduced the bio weapon, some call it COVID to, to infect people and then also produce a second bio weapon.
1:57:50: They call a vaccine to cause further death and destruction.
1:57:55: Some 10, some preliminary numbers are about 20 million people killed there and well over 100 million injured and they project over a billion people will be injured by the time.
1:58:04: You know, all the numbers are calculated from the effects of the bio weapon.
1:58:08: That's a whole other industry that, you know, the, the the biopharmaceutical market industry that's, you know, tremendously wealthy and also, you know, backed by bankers and also members of the tribe to again, try to achieve their, their aims of depopulation since you know, less population is easier to manage and control.
1:58:28: So I'll just explain one last thing with respect to what the we we'll go to hands after and a Martin wants to speak.
1:58:34: That's just,, for people to understand that the IRS system currently in place is also like the Fed.
1:58:39: It's a private system that's,, essentially a collector.
1:58:43: So think of like the mafia that uses collectors to go about from business to business, shop, to shop, individual to individual to collect,, you know, your mafia payment, your, your protection fee, essentially, you know, otherwise you will face jail time, you know, for tax evasion unless you're Hunter Biden.
1:58:58: In which case, you can defer, you know, your prosecution, you probably get a sweet deal.
1:59:02: But if you're not a member of the elite, then, you know, you, you can, you can face jail time and also major fines.
1:59:07: So they use the IRS essentially not to even pay down interest rate on this debt that continues to accumulate with no intention to pay it off.
1:59:16: But essentially then take this, take this, tax money to control you and then endorse it over to the World Bank and the IMF so that they can make loans to other countries which have been devastated, pillaged, you know, from say civil war or wars that were caused certainly by outside forces, provide them with loans and, and then put them in debt servitude.
1:59:35: So that's where your tax dollars actually go.
1:59:37: It doesn't actually go towards fixing anything.
1:59:40: People never ask why any of this money that's, that's been accumulated through debt isn't used to fix infrastructure and also say, wipe out poverty or provide safe, free education and health care.
1:59:49: Well, no, those aren't that, that would benefit society as a whole, which they don't want, they wanna just benefit themselves first.
1:59:56: And that's where you see the true purpose of what the Federal Reserve is.
1:59:59: And it's just important for people to understand, you know, why, why it's there in the first place.
2:00:03: So we've covered, I think, well, a whole lot of history on the central bank, we went all the way back to the, the Roman Empire where it led to, to its downfall.
2:00:12: We covered the UK, we covered France, we, we covered Japan as well.
2:00:16: We covered Russia, Prussia, Germany, all the world wars, the wars in between from 1945 to present date and we can project on future wars, the ongoing wars.
2:00:25: You also covered the Russian Ukraine conflict.
2:00:27: We've covered a lot with the one common denominator between ideologies, wars and who benefits most is, you know, the, the one square mile area, 11 square mile city of London, you know, with autonomous within city of London, it's able to concentrate its powers and avoid any type of rebuke or oversight as again, they make their own laws and they're the ones who dictate to others, including the UK, the US was Washington DC and even the Vatican.
2:00:59: So we know we're power centralized, we know what the cause of these problems are.
2:01:04: Now, we can discuss some potential solutions.
2:01:07: We've already discussed some outside central bank systems that have worked in Libya that have worked in in Germany and have worked even within America and the UK when central banks weren't around.
2:01:18: But unfortunately, outside influences haven't a lot for them to thrive and succeed.
2:01:21: But now, there's a digitized system through Bitcoin that, you know, Simon's a subject matter expert on that.
2:01:27: He can discuss when ready, but I know Martin's Martin wants to speak.
2:01:31: So Simon, do you want anything?
2:01:32: Should we go?
2:01:34: Yeah, what I'd say is I think I'm ex, I'm as exhausted as you are and I'm starting to slur.
2:01:40: So should we do another space just on solutions with high energy?
2:01:45: But for now, should we, we've made people listen to us for hours and hours and hours and I hope it was useful.
2:01:51: But I think it's time for some audience participation at this stage.
2:01:56: What do you reckon?
2:01:57: Yeah.
2:01:57: Yeah, let's do some audience participation, the solution.
2:02:00: I mean, it'll take a while to explain it all, but essentially you'd be using a decentralized crypto system through Blockchain to outsource from, you know, the centralized bankers that would then no longer be able to benefit through fees, commissions and control of the monetary policy because then it enables peer to peer transaction business to business.
2:02:17: It's I, I'm not doing it justice with that brief outline.
2:02:20: There's a lot more to it, but I'll leave that to something when it comes.
2:02:25: Yeah, I, I wanna do, I wanna go through what the fed did to,, the Bitcoin market as well, but I'll save that one for the next base.
2:02:32: So we're gonna discuss all about solutions and everything.
2:02:35: But,, let's have some people contribute right now and I, I really appreciate everybody.
2:02:40: , that listened in and if you're still here, I don't know.
2:02:43: , you're crazy but I hope you enjoyed it.
2:02:45: Who's next?
2:02:47: Well, we got Martin Martin.
2:02:48: Go ahead.
