Wisdom of the Idiots: Part 7

Wisdom of the Idiots: Part 7 - Hitler Bonds, Bradbury Pounds, Austerity & Shakespeare

Adolph Hitler broke the back of the Central Bank-created Hyperinflation of the Weimar Republic by introducing debt-free National Labour Bonds – money backed by the credit worthiness of the nation. The country flourished for a while - until yet another Bankers' war intervened

Sir John Bradbury introduced the debt-free Bradbury Pound in the 1914 Currency & Banknote Act, backed by the credit worthiness of the nation, saved the banks from utter collapse and allowed Britain to mobilise for war. The country flourished for a while - until the Bankers' war intervened.

As the Bank of England Quarterly Bulletin, 2015 shows, banks create money out of thin air - and then lend it to our government at interest.
Hitler cut out the bank and the government created Germany's own money without needlessly going into debt with the bankers. Sir John Bradbury did the same.
After all, if a bank can create money our of thin air then so can governments. No?
It is, after all, governments who give permission for banks to do this money creation trick. Yes?
The argument for Austerity, then is a lie. A great big money making lie on behalf of the Bankers.

The real question is
“Why does our government borrow money at interest from the Bank when it can create the exact same money free of debt to the Bank?”
Let's face it, if you could get your dinner for free, out of thin air, why would you put yourself in debt to a neighbour by borrowing money to pay for it? The answer to this is immediately obvious.

There's something rotten in the state of Denmark, and it will not help to send Rosenkrantz and Guilderstern on a mission abroad. We all know how that one ends!
Musashi.

In Wisdom of the Idiots: Part 8; we meet the men who killed the McDougall Jesus, look into the future of Detoxing with Eggs, then take an in-depth look at Sexually Motivated Car Crime.