FINANCIAL TIMES COLUMNIST MARTIN WOLF IN APRIL 2014: WE MUST END THE CREATION OF MONEY BY PRIVATE BANKS

January 31, 2015

WHY EVEN THE FINANCIAL TIMES’ MOST INFLUENTIAL COMMENTATOR MARTIN WOLF WOULD SUPPORT THE NEW GREEK GOVERNMENT PRINTING ITS OWN MONEY

FLASHBACK TO APRIL 2014 WHEN MARTIN WOLF ARGUED THAT CREATING PRIVATE MONEY SHOULD BE “TERMINATED”

GREECE CAN AND SHOULD PRINT ITS OWN MONEY IMMEDIATELY, GREEK CENTRAL BANK SHOULD START TO PRINT OWN EUROS, STOP ALL DEBT PAYMENTS

Strip private banks of their power to create money
By Martin Wolf, Financial Times, April 24, 2014
The giant hole at the heart of our market economies needs to be plugged

“…creating private money is … the source of much of the instability of our economies. It could – and should – be terminated.

Banks create deposits as a byproduct of their lending. In the UK, such deposits make up about 97 per cent of the money supply.

A maximum response would be to give the state a monopoly on money creation. One of the most important such proposals was in the Chicago Plan, advanced in the 1930s by, among others, a great economist, Irving Fisher….A 2012 study by International Monetary Fund staff suggests this plan could work well.

…central bank would create new money as needed to promote non-inflationary growth. Decisions on money creation would, as now, be taken by a committee independent of government.

Finally, the new money would be injected into the economy in four possible ways: to finance government spending, in place of taxes or borrowing; to make direct payments to citizens; to redeem outstanding debts, public or private; or to make new loans through banks or other intermediaries. All such mechanisms could (and should) be made as transparent as one might wish.

The transition to a system in which money creation is separated from… (private banks)… would bring huge advantages. It would be possible to increase the money supply…(and) transfer… the benefits from creating money….to the public….If the central bank decided this could grow at 5 per cent a year, the government could run a fiscal deficit of 4 per cent of GDP without borrowing or taxing. The right might decide to cut taxes, the left to raise spending. The choice would be political, as it should be.

This is a giant hole at the heart of our market economies. ….. the provision of money…(is)… rightly a function of the state.”

http://www.ft.com/intl/cms/s/0/7f000b18-ca44-11e3-bb92-00144feabdc0.html#axzz3QOxasfej


TSIPRAS FINALLY ENDS COOPERATION WITH TROIKA CRIMINALS AND HALTS PRIVATISATION

January 31, 2015

The new Greek leader Alexis Tsipras has finally announced the end of cooperation with the bandits from the EU, ECB and IMF and an end to all privatisations.

http://www.faz.net/aktuell/wirtschaft/eurogruppenchef-in-athen-das-ende-der-schonfrist-13400073.html

The notion that Greece needs to negotiate with these fake creditors is false. The Greek central bank can print its own euros — and Drachma as a regional or national currency — and give the money directly to the government to pay salaries etc.

There is absolutely no need for any government to pander to the markets or any private bank. Governments do not need loans when they can print their own money.

http://www.washingtonsblog.com/2014/04/truth-banks-goes-mainstream.html

Important issues for government s printing their own money are inflation control, shadow bank regulation and forgery proof currency.


WHY THE GREEK CENTRAL BANK CAN PRINT ITS OWN MONEY AS IRELAND DID IN 2011

January 31, 2015

A media-hyped false flag Greek bank liquidity crisis and national liquidity crisis  is diverting attention from the fact that the Greek government does not need to borrow money from anyone. The Greek central bank can print its own money as Ireland did in 2011.

The Irish Central Bank financed  €51bn of a troika debt programme by printing its own money.

http://www.businessinsider.com/ecb-allows-ireland-to-counterfeit-51-billion-euros-2011-1

The Business Insider claimed four years ago in 2011 that the 51 billion Euros that the Irish bank printed out of thin air  was counterfeit money when the reality is that all money in circulation  in the eurozone, dollar and British pound zone is created out of thin air by private banks under the fractional reserve banking system.

What used to be a big secret is now mainstream news as Washingtonsblog admits in April 2014.

http://www.washingtonsblog.com/2014/04/truth-banks-goes-mainstream.html

Even the Financial Times’ Martin Wolf wrote in April 2014 that, since banks create money out of thin air, they should be stripped of this power, and limited to normal depository functions.

Wolf stated

The giant hole at the heart of our market economies needs to be plugged.

It is now time to plug giant black hole at the heat of the Greek ecomony by the Greek government issuing its own currency. It will be the western world s first interest-free, government-issued currency in decades.

Also, this blog has argued that Greece should introduce a parallel regional currency or leave the eurozone altogether to boost its economic output with competive exchange rates.

If Greece can get low cost oil supplies from Russia or Iran, then the need for big cash pools of foreign currency to pay for oil imports is diminished and the exchange rate can be set a comfortably low rate at first to give a vital boost to productivity and income.


Mother refused autopsy: mystery of French policeman found dead after Charlie Hebdo deepens

January 30, 2015

The mother of Helric Fredou, the police commissioner who allegedly committed suicide after conducting interviews with families of the Charlie Hebo victims, has been refused an autopsy, fuelling fears of a cover up.

http://www.panamza.com/250115-charlie-fredou-autopsie

The Charlie Hebdo attack has been used to clamp down on freedom of speech and escalate tensions between Christians and Muslims. But the revelations about Fredou s death are sure to reinforce fears that Fredou was silenced after probing too deeply into a false flag operation.

Fuelling speculation Fredou was murdered is the fact that he was set to meet his commanding officer, said to be Gil Friedman, the director of the Criminal Police in Limoges, in his office on the night of his death. His superior wanted to question Fredou and also insisted on being the author of Fredou s final report, according to Fredou s mother.

Fredou, however, wanted to write the report himself. He never finished it. Instead, he was found dead by his colleagues shortly after the argument.

The weapon he used to allegedly commit suicide could not carry a silencer, raising questions of why his colleagues did not hear the shot.

Also, Fredou allegedly shot himself in the forehead, a difficult manouevre for some one holding a pistol.

Fredou s doctor said there was no sign of depression or burn out.

The sister of Fredou has also said there was no sign that he intended to commit suicide.

She reports that there was an argument about who would edit the final report.

http://www.panamza.com/160115-suicide-charlie-bougrab

Other reasons for thinking the Charlie Hedo massacre was a false flag include Dutchsinse s video analysis showing that the attackers were spliced into the video.

1. The attacks knew when and where the editorial conference of Charlie Hebdo would take place, insider information.

http://alles-schallundrauch.blogspot.gr/2015/01/grunde-warum-paris-ein-false-flag-sein.html

2. The attackers were able to gain entry to the building protected by police after a member of the staff tipped in the entry code.

3. The attackers wore masks and behaved like professionals.

4. Witnesses report a tall man with blue eyes, something that does not fit the description of the Kouachi brothers.

5. The attackers killed ten people with lethal shots in a short space of time, something that also indicates professional killers.

6. They ignored the Muhmanned caricatures and printing technology, the alleged reason for the attack.

7. The attackers spoke perfect French, performed with military precision and killed according to a list of names they had with them. They escaped without being stopped, although they were confronted by the police three times

8. They used a brand new! car for their escape, though a motor cycle would have been the logical choice considering how busy the streets of Paris are

9. The deputy chief editor of the Israeli TV IBA Channel 1, Amchai Stein, happened to be at the scene to shot video of the attackers shouting Allahu akbar before they got into the escape care

10. The police officer Ahmed Merabet was allegedly shot in the head as he lay on the ground but videos show that the shot hit the pavement There is no sign of blood on hs head or blood on his hand or hip, even though he is shown lying on the ground after receiving a gun shot wound.

11. Said Kouachi is supposed to have left his ID in the car, the sole link to him.

12. The police immediately announced the name in the media, a hunt to kill them was declared.

13. Videos show that Amedy Coulibaly was handcuffed when police stormed the supermarket and shot him.

14. The police idenitifed Coulibaly in half an hour due to a DNA analysis of a scarf but a DNA analysis and comparison takes much longer, two days.

15. The streets around the Charlie Hebdo office were closed at 8 30 am by the police. The residents were tld that a film was going to be shot. That explains why the streets are so empty apart from the attackers and the police.


LIBERIA’S LARGEST NEWSPAPER: MORE INFORMATION NEEDED ON SIDE EFFECTS OF GSK EBOLA TRIALS

January 30, 2015

Liberia may only have five Ebola patients left, but GSK is still planning to carry out a huge clinical phase 3 trial of its experimental Ebola vaccine after skipping clinical phase 2 trials altogether.

While GSK and  its partners have started recruiting the first participants to take their experimental jab, they do not seem to be giving Liberians information about the risks of their vaccine, something required under the terms of informed consent.

Informed consent by participants in the clinical trial was made a pre condition of Ebola vaccine trials by WHO ethics experts at a meeting on August 11th, 2014, as reported by The Guardian.

“There must be complete transparency about the implications of the treatment and patients and their families must give informed consent – which means they must understand the risks as well as the possible benefits. There must also be freedom of choice, confidentiality, respect for the person, preservation of dignity and involvement of the community, the WHO said in a statement.”

http://www.theguardian.com/society/2014/aug/12/world-health-organisation-allow-unlicensed-ebola-drugs-west-africa

Liberia s Daily Observer has now called for people to be given more information about the potentially dangerous side effects of the GSK vaccine.

http://www.liberianobserver.com/editorials/testing-ebola-vaccines-liberians-need-light-not-darkness

Anyone who wishes to know what these risks might be, can peruse my FAQ on Ebola vaccines and drugs posted on this blog in November.

It is high time that the Liberian regulator intervened and put a stop to the GSK clinical trials. These are, firstly, unnecessary and, secondly, they not being conducted in compliance with the requirement of informed consent.

Liberians should not be used as guinea pigs in uncontrolled and dangerous experiments with unapproved Ebola drugs especially not when Ebola has been virtually eradicated using the traditional means to control an epidemic such as contract tracing and isolation.


WHO ADMITS EBOLA OUTBREAK IS ALMOST OVER

January 30, 2015

With only 99 new cases of Ebola confirmed in all of last week in Sierra Leone, Guinea and Liberia, WHO has finally had to admit that the Ebola outbreak it hyped into a Global threat is almost over.

http://www.reuters.com/article/2015/01/29/us-health-ebola-idUSKBN0L20U320150129


LIBERIA HAS ONLY FIVE EBOLA PATIENTS IN THE WHOLE COUNTRY LEFT

January 30, 2015

Liberia has only five confirmed cases of Ebola in the entire country, down from 300 new cases every week at the height of the outbreak in August and September.

The government believes it could be free of the virus by the end of next month.

http://www.ibtimes.co.uk/ebola-outbreak-slowing-down-only-five-confirmed-cases-liberia-life-returning-normal-1485703

Liberia has declared 13 of the country’s 15 counties Ebola free.

Another county, Grand Cape Mount County, has gone 12days without any new cases leaving only Montserrado with two confirmed cases.

http://allafrica.com/stories/201501291078.htmli