Friday, 20 February 2015

Former Governor of Bank of England says banking fraud is threat to civilisation.

This document is not that long and it contains perhaps no greater insight of the international private banking pyramid scam crime ring from perhaps no higher authority.
Former Governor of the Bank of England - Vincent C Vickers - ran the loan book for a global elite for a decade before coming out against it until the day he died.
The document titled - Economic Tribulation - he wrote in 1939 outlines how the senior elements of private banking had made record profits from the finance, military, industrial complex of World War 1 and the dangers to humanity if it were to continue.


full document here;
http://userpage.fu-berlin.de/roehrigw/vickers/

Excerpts below;

Published 1941 - How many lives could have been saved if the warnings and solutions of this man had got the attention they deserved?

VINCENT CARTWRIGHT VICKERS
He was a Deputy Lieutenant of the City of London, a director of Vickers, Limited, for twenty-two years, and a director of the London Assurance from which he resigned in January 1939. In 1910 he was made a governor of the Bank of England, and resigned this appointment in 1919. Later, he became President of the Economic Reform Club and Institute.

I therefore decided to take the unprecedented course of offering to my readers my own qualifications for putting down before the British people the very precarious condition of our monetary system as it exists in this country to-day; that this our money system forms the most important part of our, economic system, and that the nation’s economic system forms part of our social system.......

Let us acknowledge the truth. Humanity is not suffering from unavoidable circumstances over which it has no control but from the results of deliberate and dishonest actions of its own creation and invention. Fundamental laws, originally designed for the common welfare of the individuals of a community, have been broken – community laws which were never intended to permit the individual to grow fat upon the poverty of others; nor to permit him, in pursuit of his own personal profit, to base his standard of honesty upon his own flexible conscience, consoling himself with gratitude that he is within the law. Nevertheless, just as man has brought, upon himself, or has permitted, this world tribulation, so can he play his part in undoing the harm that has been done......

But how is this possible? How can the ordinary individual change the world? Shall the man in the street become an expert economist, or a banker, or a cabinet minister and control the press and public opinion? How otherwise can he assist in the regulation of mankind? What is meant by ‘lack of economic equilibrium’, ‘sound finance’, ‘stability of foreign exchanges’, ‘currency restrictions’, ‘the creation of credit’, ‘the inverted pyramid of credit’, and a host of other such phrases? They smell of long study, special technical ability, and great learning. Surely, then, it is commonly felt, it is better that ordinary individuals should leave economics to the economists, finance to the bankers, and national policy to the politicians? But, alas, that is exactly what we have for too long been doing. Look at the result! The experts have hopelessly failed. What is needed is a little less economics and a little more common sense.........

Although it is the money system which is to be accused of dishonesty, those who use and depend upon a dishonest system, knowing that system to be dishonest, cannot themselves be regarded as honest men. Moreover, it may be that the present system, which international finance has forced our democratic government to adopt, uphold, and protect by every possible means, has undermined the character of the people and forced them to alter their definition of the word honesty so that it may be made to comply more nearly with modern practice.........

No greater threat to humanity and the progress of civilisation can be conceived than the general spread of the Hitler regime of brute force. To crush out that regime for all time even if it stood alone as our sole war aim, would seem enough in itself without the necessity of searching for other objectives. Although we recognise how serious and how immense is the task that we have undertaken, the vast majority of us gain added strength from the knowledge that righteousness and justice are on our side. The nation has reached a state of preparedness, both mentally and physically, both for offence and defence, which will render the sacrifices and hardships and swift calamities that we must inevitably endure powerless to divert it from the set course which it has determined to pursue to the end. Yet even then, even when this first great objective shall have been gained, our labours will by no means be over. There is still a long way to go before we can begin to contemplate that promised land of peace and justice for mankind which no destructive war can ever of itself attain, and there remains vital work of preparation and reconstruction at home which cannot be neglected or delayed.
Unless we can contrive to design and establish an improved and reformed financial system, which is the first essential towards a new and better economy in our own country, no satisfactory outcome of the war is possible; for where there is still widespread injustice and discontent there can be no ending to that war, unless it be a tangle of internal revolts and revolutions. How can we presume to hold up our own social System as a pattern for other nations to follow, whilst it breeds selfishness, unrest, and dishonest competition amongst our own people, and whilst it is dominated by a decadent financial system in which we possess an ever-diminishing confidence and which is not even under the unbiased control or management of Government chosen by the will of the people? How can we hold out to the German people or to the world, the promise of justice under a new and better economic system that will eliminate poverty, malnutrition, and unemployment, whilst no such system exists, and whilst our own system is still permeated with these same evils?
On the other hand it is unthinkable that we should pretend to ourselves that we can, first of all, and by the successes of our arms, create in Germany an economic vacuum and, having done so, compel her to adopt a money lending system of international finance, designed for the benefit of international financiers who will become more and more anxious to preserve their monopoly and their immunity from governmental control. Are we now fighting to uphold freedom and democracy, or are we fighting to uphold and strengthen the dictatorship of international finance?

THE DIRECTION OF FUTURE POLICY
State control and State issue of currency and credit through a central organisation managed and controlled by the State......
Stabilisation of the wholesale price level of commodities. That is to say, a fixed and constant internal purchasing power of money; so that a pound will buy tomorrow what it bought yesterday; an honest pound, not a fluctuating pound. And this can be done by so issuing and regulating the volume of available credit and currency that it shall at all times be adequate to permit of the purchasing power of the consumer being equated with the volume of production; not by limiting the purchasing power, but by firstly increasing purchasing power more in proportion to the productive capacity of industry.........
Any additional supply of money should be issued as a clear asset to the State; so that money will be spent into existence, and not lent into existence..........
The abolition of the Debt System where all credit is created by the banks and hired out at interest to the country......  

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