Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)

You’re mental just posting stuff that you don’t even understand because you’re trying to hijack the thread.

You have yet to make a coherent argument. Just pseudo intellectual nonsense babble sprinkled into 99% copy and paste.

When someone can’t communicate their point clearly and in a relative succinct way, they are full of shit.

You are full of shit.

Richard Cook: Part One of Six Parts; Credit As A Public Utility; The Solution to the Economic Crisis

The series is about 1.5 hours in duration (if I recall correctly)

And then the psycho immediately posts another video.

Hey psycho, at least you keep bumping the thread so everyone can read the first few pages which actually were human beings debating instead of some autist posting copy/paste garbage and videos that you didn’t even watch yourself

Richard Cook: part two (the series is 2.5 hours)

I have not posted any information on your thread.

You sound like an idiotic parrot with a poor vocabulary.

The list of the Richard Cook videos: [link to www.youtube.com (secure)] (this link will open to video #1 and you can simply go through the list or choose to watch one at a time)

The video downloader keepvid.com will download these for later listening.

There is a long list of men and women who have ended up in crowbar hotel as their rewards for questioning the veracity of the so-called bank loans. There is a shorter list of men who were killed for their questions about the banking system.

Here is a short and humorous video of Carl Miller who got a judge to admit a dollar could be a bag of coffee beans (16 minutes)

Moran, just talk to yourself moar.

The common credit of the United States people was collectivized under Roosevelt in an implementation of the fifth plank of the communist manifesto during the 1930s.

A so-called “loan” is actually a hypothecation of your promissory note – a return of your credit to you. The interest the bank acquires from this hypothecation process is claimed by the bank. Thus the bank is profiting by dealing in stolen property.

Karl Marx was expelled from Germany and then from France and by the mid 1800s was living in London with his wife Jenny. If you do a search for Karl Marx poverty London you can discover that two of his children died. Most likely malnutrition related.

It is my opinion that it seems fitting that a man who couldn't feed his own family would create an economic system such that nations who accepted this policy would also devolve into food shortages.

Part three of six parts:

Part four of six parts; Richard Cook - Credit as a public utility:

If you are so inclined and have time and opportunity... Look into the Stone donut money of Yapp island. National Geographic put out several issues with full color glossy images.

I studied that situation about 1998 within a month or two of the timely publishing of Narayana Kocherlakota's paper on Money as a Social Memory. That paper is 20 pages and found here:
[link to www.semanticscholar.org (secure)]

Abstract: This paper examines the sets of feasible allocations in a large class of economic environments in which commitment is impossible (the standard definition of feasibility is adapted to take account of the lack of commitment). The environments feature either memory or money. Memory is defined as knowledge on the part of an agent of the full histories of all agents with whom he has had direct or indirect contact in the past. Money is defined as an object that does not enter preferences or production and is available in fixed supply. The main proposition proves that any allocation that is feasible in an environment with money is also feasible in the same environment with memory. Depending on the environment, the converse may or may not be true. Hence, from a technological point of view, money is equivalent to a primitive form of memory.

The people on the island of Yapp are functionally illiterate and have little sense of time. The Stone donuts function as mnemonic devices and the actual money is an oral recitation of favors given and favors received. An oral account rather than a written account.

Their money is a form of communication - an extension of language.

The Original Post to this thread posed a question about credit.

A deep economic philosopher might avoid the simple question and consult with a social archeologist and try to see how various cultures through the ages have solved such questions.

So, we have the primitives of Yapp using stone donuts as mnemonic devices to carry the social memory record and Narayana Kocherlakota telling us all money is a social record.

Next, I will critique Catherine Austin Fitts and her view of the public credit system.

Catherine Austin Fitts was brought into HUD under Bush #1 as an under-secretary and she was assigned some job in accounting.

The question nearly asks itself... Is the collectivized public credit being used to help people obtain homes, or is it being used in another complex bureaucratic money kickback scheme?

She tells her story here in 45 minutes:

Another form of primitive accounting (social memory records) is the Inca knotted string system:
[link to www.sciencenews.org (secure)]
[link to www.sciencenews.org (secure)]

Use of Knotted String Accounting Records in Old Hawaii and Ancient China
[link to www.accountingin.com (secure)]

The deep diver into the fundamental questions about money, credit, and authority is well advised to read the writings of Lysander Spooner.

Site: [link to www.lysanderspooner.org]
One is Credit, currency, and banking which is a 46 page pdf file is linked there.

Government derives its authority from the consent of the people. When 95% or more of the people cooperate, things work, but if much more than 5% of the people begin to refuse to cooperate - freedom returns (or perhaps chaos reigns).

One important way to conduct asymmetric warfare on the authority of government is to refuse to acknowledge the reality of the public debt.

What a total psycho this guy is. Wow OP really triggered him bad.

I wouldn't want poster #84823880 to be disappointed, so here is Richard Cook: Part Five of Six Parts; Credit As A Public Utility; The Solution to the Economic Crisis (27.3 minutes)

I wouldn't want poster #82020395 to be disappointed, so here is Richard Cook: Part six of Six Parts; Credit As A Public Utility; The Solution to the Economic Crisis (32 minutes):

What if you had a vested position in the ownership of a commercial bank with a secondary income that was a return of bank profits?

The Legacy of Catholic Priest José María Arizmendiarrieta (5.5 minute video)

The World’s Largest Worker Cooperative Network owns a commercial banking license and thus is a situation where the largest "borrower" is the owner... (5.7 minutes)

It should be illegal to charge interest.

It is neither illegal nor immoral to charge interest when the loan is of actual specie (gold or silver) coinage.

However, the federal reserve note is NOT redeemable in specie coinage. The federal reserve note is a unit of credit of no defined value.

The credit of the nation was collectivized in the 1930s and assigned by license to the banks. When they hypothecate your promissory note this so-called "loan" is simply returning your stolen property.

This banking system is already a mutual credit system but the people are not seen in law nor in practice to be the actual creditors.

This is an ongoing crime; a criminal enterprise of robbing the public and almost nobody comprehends the nature of the crime.

Isn't the whole idea that the government should be in charge (not a private institution) and that the currency is backed?

That was the idea about one hundred years ago.

And, you might ask if today the government was again in charge where you might find some honest and intelligent public servants. (???)

Richard Wolff on the Basque cooperatives (45 minute video)

Found here: Thread: Financially speaking: What is a derivative?

"its the equivalent Of all the passengers on the titanic selling each other life insurance policies"

Patrick Boyle: John Law - The First Financial Engineer - A History of Paper Money and The Mississippi Bubble

45 minute video:

I believe this 52 minute video is quite important:
[link to www.bitchute.com (secure)]

Using the Jackson presidency and subsequent events as models then I think the next action is that the banking system will cause the entire financial system to collapse. This will be followed by general chaos and probably United Nations troops to come upon the land.

Your mileage may vary.

One of the Brunson Bros keeps a website where progress reports are posted:

[link to ralandbrunson.com (secure)]