Declaring Financial Economic Currency Sovereignty
Last month, the Honorable Dr. Cynthia McKinney, Larry Johnson, Professor Alexander Dugin, the Honorable Maria Zakharova, and a whole bunch of brilliant, kind people gathered at Moscow State University for the 2024 conference of MIR, the International Russophiles Movement. In the middle of an incredible panel discussion, Dr. McKinney raised an issue of extraordinary importance. Please watch or listen to the whole show HERE.
McKinney’s comments kick in around 2:14:17, replicated here by way of my interpretation of YouTube’s attendant transcript:
…the one thing though that I don’t think has been mentioned, and maybe our final speaker will mention it, is the difference between colonialism and neocolonialism, and the idea of sovereignty also meaning sovereignty. Financial sovereignty, but of those who print the currency, and that’s one area that I haven’t heard spoken of today. That is the international banking class; those people are private bankers and they are the ones that print the US dollar and they own most of the central banks around the world. So if we are going to make sure that multipolarity is our multipolarity we also have to declare financial economic currency sovereignty.
During the above-linked session, I think the closest answer to McKinney, or rather, a matching concern, came a few minutes earlier from Mr. Ali Al-Qadi (SP?), a historian from Tunisia. Among several other items, he mentioned Emmanuel Todd’s excellent new book, La Défaite de l’Occident (2024). He was getting at matters within chapter ten, “La Bande De Washington,” around page 295, et seq., pertaining to the rise of “zombie” Protestantism in the West, a rise that coincided with the rise of Enlightenment democracy and financial capitalism. The gentleman then, around 2:03:45, said, “Union from above cannot be based on the same tools created by the materialistic world which condemns the theft of a loaf of bread by the poor but not usury.” Usury may be thought of as the fuel of financial capitalism. Old Cato and the Church thought of it as murder.
Mr. Al-Qadi and Dr. McKinney are both correct in their concerns and statements, especially those in the last part of McKinney’s address. If someone later or elsewhere answered McKinney directly, I’m unaware of it. So, I’m going to take a crack, particularly as to the global banksters. But first, briefly, neocolonialism is and is not just “new” colonialism, a revitalization or continuation of the old Powers domination witnessed from the Fifteenth Century through the Twentieth. It also delves deeply into the global world disorder of the Greater West, a wicked and total combination of state and private exploitation writ large, a united empire of lies spanning most of the globe. And the banking clans Dr. McKinney mentioned are at the heart of that combination.
She obviously knows what she’s talking about, as well as anyone from the West does. However, for those not up to speed, here is a quick primer on the creation of the fake money the Greater West uses(d) to subjugate the world. The private, illegal Federal Reserve Bank does print those paper dollars Americans use in ordinary transactions. But altogether, they amount to a miniscule part of the total money supply. More and more people fret over the potential rise of Central Bank Digital Currency, or CBDC, when something far worse has already happened: Commercial Bank Digital Sorcery (CBDS). The US is so far down the rabbit hole that the vast majority of “money” in the US economy (and in other Western economies) consists of fake, debt-based credit money substitutes, of loan-based illusions that simply do not exist. There is statistically zero real money in the US economy. A malicious hoax inside a lie behind a charade.
Ten years ago, the Bank of England kindly released a short white paper explaining exactly how fake money is created in the postmodern Western economy, an explanation ratified by the Federal Reserve:
In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money. (Emphasis, BOE’s.)
Where do the banks get the money for the deposits and loans? The money for the loans is created by the loans. Out of nothing except monetary necromancy. This fake money does not exist in reality even though it accounts for a hyper majority of the money used in the economy. This is super usury, a system where the fake money itself essentially amounts to infinite interest. The private bankers merely press a button or wave a magic wand, and *POOF!* money appears. The usury victim must dedicate all or a portion of his life, robbing Peter to pay Judas, to pay off that which, again, does not exist. This is pure evil. It’s also intentional and it has the intended purpose of driving all ownership of all value, including the productivity of so many human lives, into the hands and pockets of a tiny elite cabal. It is designed to become untenable, which it always does in the end, destroying a nation’s economy in the process and, frequently, the nation. It is the mass systemization of the prohibited usury practices condemned by God the Father and Jesus Christ.
Many varied voices from many professional backgrounds have warned about the society-destroying results of this evil. See Debt by the late David Graeber (anthropologist), La Défaite… by Todd (historian), literally anything written by Michael Hudson and Steve Keen (economists), and Why The West Can’t Win by Dr. Fadi Lama (engineer).
Dr. Lama sets forth broad brush solutions in chapter ten of his book, “The End of Empire.”
The financial monetary construct should be based on real value such as a basket of commodities and real goods, enabling money to have an intrinsic value as it had for millennia prior to Bretton Woods II. Already significant work is being undertaken in this area with joint efforts encompassing the Eurasian Economic Union (EAEU), the BRICS and the SCO. See Lama, Why the West Can’t Win, Atlanta: Clarity Press, 2023, p. 350.
Further:
Commercial banks and insurance companies should be government owned to ensure the highest rates of national development and avoid the exploitation of society by a parasitic minority. This was a key element in the development path adopted by China, which allowed it to eradicate poverty and achieve phenomenal across-the-board development. Id.
Throughout Western history, these minority parasites have forged odd public-private partnerships with assorted states. Seneca called in fraudulent loans, Rome got into a war, and the Iceni lost their lives and sovereignty. A leading cause for the downfall of the Venetian Republic was its private central bank. The London Company(s), as operated in Virginia and New England during the Seventeenth Century, acted in much the same way as Black Rock or the IMF do today. The public part of the deal has to do with “lawful” chartering and any subsequent manipulations of the law necessary for the benefit of the private parties. It also involves shifting any costs, risks, or losses away from the parasites to the public. This is why the only immunity associated with the fraudulent COVID mRNA shots regards protecting pharmaceutical companies from liability. This is why one of the idiotic US COVID stimulus bills, a $2 trillion boondoggle, saw 75% of its proceeds go to the cabal while American taxpayers were put on the hook for 100% of the spending. Any and all profits and benefits of this kind of partnership always only flow towards the elite private parties.
The solution to this pressing problem is found, as Lama suggests, in the sovereign, multipolar, BRICS+ world. China’s monetary system is not exactly like Russia’s. Whether one weighs somewhat heavily on money as a public utility to be turned on and off as needed, while the other largely involves hard commodities backing the currency, they both work. And while both involve a kind of public-private relationship, both also involve government ownership or control at both ends of that spectrum. All banks in Russia are heavily regulated, by law and by the Bank of Russia (BOR). Many of the largest commercial banks are at least partly owned by the government. The BOR, unlike the Federal Reserve or the Bank of England, genuinely answers to the government. This reflects a policy of state banking control that dates back to the Russian Empire.
The banks of China and Russia facilitate a loop of economic control and benefit for both the people and the people’s government, one looking to the best interests of the other and looking ahead for the common good of individual concerns and those of larger society. Parasites starve under these systems as they ought. Both systems are now linked together providing an alternative to the US’s (Petro)dollar and SWIFT. This linkage is outside the control of Western powers and institutions. Other powerful economies are also linked to one degree or another. Developing economies are now joining or will join in order to further their development interests while also removing the chains imposed by the West. The BRICS+ share of the world economy now exceeds that of the West. A connected basket of honest currencies now competes with and outperforms the fake, dying Petrodollar. This new system has quickly become globally competitive; the Petrodollar share of international transaction settlements has fallen from 90+% a few years ago to 40% or less now. This fall in Kazan, a fully refined and named alternative economic and monetary system will or should be officially unveiled. The free world is happily waiting.
The unfree Western world is still voting, hoping, and wishing. Do not expect the system to suddenly undo or police itself. Rather, out of spite it will ratchet down on its captive victims harder than ever. Neither Donald Trump nor Joe Biden will or can save Americans from this inevitable calamity. Thankfully, one day—hopefully, one day soon—this satanic system of perpetual abuse will collapse. When it does, Americans and other Westerners need to be ready to rebuild their nations or descended rump states. That reordering will and must include things like currency sovereignty. When the time comes, the fake debts must be canceled, real money restored, and perhaps the usurers dealt with appropriately.
Monetary sovereignty: thank God the gentlelady mentioned it.
Deo vindice.
PERRIN LOVETT 