The Web of Dept

the shocking truth about our money system and how we can break free

Linked on our blogs with The Model Economy Community.

Picked up on Weitzenegger’s Website for International Development Cooperation, and its Newsletters.

… The fact that the Banker is allowed to extend credit several times his own capital base and that the Banking Cartels, the Central Banks, are licensed to issue fresh paper money in exchange for treasury paper, [has] provided them with free lunch for eternity … Through a network of anonymous financial spider webbing only a handful of global King Bankers own and control it all … Everybody, people, enterprise, State and foreign countries, all have become slaves chained to the Banker’s credit ropes … (Introduction to Captured by the Dept).

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(Instead of an about) – Excerpt Chapter 22 – The Tequila Trap: The Real Story Behind the Illegal Alien Invasion (20 Paragraphen):
Waves of immigrants are now pouring over the Mexican border into the United States in search of work, precipitating an illegal alien crisis for Americans.

Vigilante border patrols view these immigrants as potential terrorists, but in fact they are refugees from an economic war that has deprived them of their own property and forced them into debt bondage to a private global banking cartel. When Mexico was conquered in 1520, the mighty Aztec empire was ruled by the unsuspecting, hospitable Montezuma. The Spanish General Cortes, propelled by the lure of gold, conquered by warfare, violence and genocide. When Mexico fell again in the twentieth century, it was to a more covert form of aggression, one involving a drastic devaluation of its national currency … // … //

… International Pirates Prowling in a Sea of Floating Currencies:

Countries around the world have been caught in the same trap that captured Mexico. Henry C K Liu calls it the « Tequila Trap. » He also calls it « a suicidal policy masked by the giddy expansion typical of the early phase of a Ponzi scheme. » The lure in the trap is the promise of massive dollar investment. At first, returns are spectacular. But as with every Ponzi scheme, the returns eventually collapse, leaving the people massively in debt to a foreign banking cartel that will become their new economic masters.15 The former Soviet states, the Tiger economies of Southeast Asia, and the Latin American banana republics all succumbed to these rapacious tactics. Local ineptitude and corrupt politicians are blamed, when the real culprits are international banking speculators armed with tsunami-sized walls of « credit » created on computer screens. Targeted countries are advised that to attract foreign investment, they must make their currencies freely convertible into dollars at prevailing or « floating » exchange rates, and they must keep adequate dollars in reserve for anyone who wants to change from one currency to another. After the trap is set, the speculators move in. Speculation has been known to bring down currencies and national economics in a single day. Michel Chossudovsky, Professor of Economics at the University of Ottawa, writes:

—-The media tends to identify these currency crises as being the product of some internal mechanism, internal political weaknesses or corruption. The linkages to international finance are downplayed. The fact of the matter is that currency speculation, using speculative instruments, was ultimately the means whereby these central bank reserves were literally confiscated by private speculators.—-

While economists debate the fiscal pros and cons of « floating » exchange rates, from a legal standpoint they represent a blatant fraud on the people who depend on a stable medium of exchange. They are as much a fraud as a grocer’s scales with a rock on it. If a farmer’s peso was worth thirty cents yesterday and is worth only five cents today, his dozen eggs have suddenly shrunk to two eggs, his dozen apples to two apples. The very notion that a country has to « defend » its currency shows that there is something wrong with the system. Inches don’t have to defend themselves against millimeters. They peacefully co-exist side by side on the same yardstick. A sovereign government has both the right and the duty to calibrate its medium of exchange so that it is a stable measure of purchasing power for its people. How a stable international currency yardstick might be devised is explored in Section VI.

The Tequila Trap and Free Trade: … (full long text of chapter 22).

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