The debt crisis and an old document...
For those of you who haven’read it, let me introduce you to the infamous, reviled, and above all controversial, late-XIX to early XX century document: ‘Protocols of the Learned Elders of Zion’. This document has been subject to rabid controversy since it was published in Russia more than a century ago, and it was ‘oficially’ regarded by the ‘powers-that-be’ as a fake, anti-semitic piece of propaganda in 1921, around the time when some issues about the new project of Zionist-stablished Israel were raised by concerned individuals. Then Mr. X appeared out of nowhere and pointed out it was fake because it had partially plagiarized some previous documents of diverse procedence.
Now I am not going to engage here in a discussion about the Protocols being genuine for the most part or not, despite inspiration in some of its passages and examples from previous works. What I am going to do is to note the striking similarities between the text and the cause and effects of the current so called ‘debt crisis’ (Hi Greeks of TWC!) many countries in the world are experiencing. It has some interesting remarks about how the financial system is supposed to work in order to achieve their goal. The goal of this mysterious ‘Learned Elders’, that is. A rough definition of those would be, following the protocols themselves, some Zionist jewish freemasons of huge financial, political and/or mediatic influence. Think of the Rothschild type. That is, if the Protocols are considered to have at least any truth in them.
The following are extracts selected from protocol 20, subject being the financial programme. I’m pretty sure they will ring a bell:
Economic crisis have been produced by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans.
These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States.The reforms projected by us in the financial institutions and principles of the GOYIM will be clothed by us in such forms as will alarm nobody. We shall point out the necessity of reforms in consequence of the disorderly darkness into which the GOYIM by their irregularities have plunged the finances.
The first irregularity, as we shall point out, consists in their beginning with drawing up a single budget which year after year grows owing to the following cause: this budget is dragged out to half the year, then they demand a budget to put things right, and this they expend in three months, after which they ask for a supplementary budget, and all this ends with a liquidation budget.
But, as the budget of the following year is drawn up in accordance with the sum of the total addition, the annual departure from the normal reaches as much as 50 per cent in a year, and so the annual budget is trebled in ten years.
Thanks to such methods, allowed by the carelessness of the GOY States, their treasuries are empty. The period of loans supervenes, and that has swallowed up remainders and brought all the GOY States to bankruptcy.Now this last small quote above is particularly disputed. It seems it’s very similar to some description in a previous work, and yet it’s only an example. The most interesting part comes after it and it’s apparently genuine:What also indeed is, in substance, a loan, especially a foreign loan? A loan is - an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 per cent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty - treble, and all the while the debt remains an unpaid debt.
From this calculation it is obvious that with any form of taxation per head the State is baling out the last coppers of the poor taxpayers in order to settle accounts with wealth foreigners, from whom it has borrowed money instead of collecting these coppers for its own needs without the additional interest.
So long as loans were internal the GOYIM only shuffled their money from the pockets of the poor to those of the rich, but when we bought up the necessary person in order to transfer loans into the external sphere, all the wealth of States flowed into our cash- boxes and all the GOYIM began to pay us the tribute of subjects.
If the superficiality of GOY kings on their thrones in regard to State affairs and the venality of ministers or the want of understanding of financial matters on the part of other ruling persons have made their countries debtors to our treasuries to amounts quite impossible to pay it has not been accomplished without, on our part, heavy expenditure of trouble and money.The text goes on to describe the concept and purpose of the ‘Internal Loans’.You know to what they have been brought by this carelessness, to what pitch of financial disorder they have arrived, notwithstanding the astonishing industry of their peoples.
So what do you think?States announce that such a loan is to be concluded and open subscriptions for their own bills of exchange, that is, for their interest-bearing paper. That they may be within the reach of all the price is determined at from a hundred to a thousand; and a discount is made for the earliest subscribers.
Next day by artificial means the price of them goes up, the alleged reason being that everyone is rushing to buy them. In a few days the treasury safes are as they say overflowing and there's more money than they can do with. The subscription, it is alleged, covers many times over the issue total of the loan; in this lies the whole stage effect - look you, they say, what confidence is shown in the government's bills of exchange.
But when the comedy is played out there emerges the fact that a debit and an exceedingly burdensome debit has been created. For the payment of interest it becomes necessary to have recourse to new loans, which do not swallow up but only add to the capital debt.
And when this credit is exhausted it becomes necessary by new taxes to cover, not the loan, BUT ONLY THE INTEREST ON IT. These taxes are a debit employed to cover a debit ....
Later comes the time for conversions, but they diminish the payment of interest without covering the debt, and besides they cannot be made without the consent of the lenders; on announcing a conversion a proposal is made to return the money to those who are not willing to convert their paper.
If everybody expressed his unwillingness and demanded his money back, the government would be hooked on their own files and would be found insolvent and unable to pay the proposed sums.
By good luck the subjects of the GOY governments, knowing nothing about financial affairs, have always preferred losses on exchange and diminution of interest to the risk of new investments of their money, and have thereby many a time enabled these governments to throw off their shoulders a debit of several millions.
Nowadays, with external loans, these tricks cannot be played by the GOYIM for they know that we shall demand all our money back.
If these are true, that’s some worrying for you. If those are false, then I can only wonder about the high degree of malicious sense of humour and ability to foresee the future of the author who ‘predicted’ this more than a century ago, be it either with an anti-semitic purpose or just general trolling. Whatever the truth about these papers, this debt crisis seems to be upon us and threatens to grow only bigger and bigger as the finance and debt bubble expands, perhaps only to be halted by a final global meltdown?
Please, avoid witty/sarcastic one liners if possible.
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Originally Posted by Menelik_I
