2 February, 2015

The Great Cookie Jar

Posted by Socrates in debt, Federal Reserve Notes, Federal Reserve system, fiat money, jewed economics, Jewish money-magic, Socrates at 8:41 pm | Permanent Link

by Dr. Edward E. Popp.

Here’s a radical idea: a stable, proper, honest money system for America.

“Under the fractional reserve banking system for demand deposits, people are forced into a perpetual round of going in debt, paying off the debt, renewing the debt, and paying interest on the bank credit “money” created by monetizing debts. We must keep in mind that the “money” made out of debts is not real earned currency. It is not the evidence of a claim for goods or services. It is not a tax credit certificate. It is a substitute for bona fide currency; it is created out of nothing by the making of bookkeeping entries.”

“If a 100% reserve banking system for demand deposits is adopted, there would be no reason to fear a “run on the bank.” There would be no need for the Federal Reserve banks to control the reserve of the local banks. There would be no need for the Federal Open Market Committee. Legal inflation of the purchasing medium would never be caused by the banking system. There would be no booms or busts caused by commercial banks.”

[a .PDF file].

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  7. 7 Responses to “The Great Cookie Jar”

    1. fd Says:

      Too much reading.

      Before anything, direct income must be abolished along with big government. Instead of a dollar controlling labor; labor should control the dollar.

    2. Non Ame Says:

      And there would be no need for Jews. I like this idea.

    3. Joe Says:

      I have been lauding this idea on as many websites as possible.
      The founts of ALL corrupt Jewish power are the counterfeiting central banking systems of most countries of the world. It is NOT a coincidence that nations targeted as “rogue” by the U.S. bully-boys are those not in the Rothschild-centered club of usurious swindlers.
      Once this nefarious graft is cut off, their power will diminish exponentially. Both World Wars were fought to sustain and strengthen this criminal cabal. It must be annihilated.

    4. fd Says:

      The Jewish campaign promoting that civilization began with Jews is in high gear. 2,500 year old Jewish tablets discovered in Iraq. How convenient for those who never built civilization. I’m certain sure there will be another discovery soon.

    5. Tim McGreen Says:

      “Instead of a dollar controlling labor, labor should control the dollar.”

      Absolutely! Wasn’t the monetary system of NS Germany based on this principle?

    6. fd Says:

      Yes, the NS monetary system was based on labor controlling the worth of a mark. No smoke and mirrors. No imaginary vaults of gold backing paper money.

    7. -jc Says: