In case you missed it, the IMF (International Monetary Fund), that wondrous shill of US foreign policy and financial imperialism, has a "new" plan that, on examination, is really a very old one:

IMF's epic plan to conjure away debt and dethrone bankers

Now, at one level, this would appear to be nothing but a scheme to return to the system as obtained originally in the thirteen American colonies, where each colony issued its own colonial paper scrip until the Bank of England stepped in and shut that down. So, on paper, the scheme looks good.

But let's stop and consider: do we really trust any large financial institution like the IMF to propose a solution? Additionally, would, say, an American return to such a system be a good thing, with an already out-of-control Federal government, one moreover thoroughly in the pocket of large corporations and financial institutions already? or would it be a recipe for even less responsiveness to the public and individual liberty?

I submit that it would most likely be the latter, and that while the idea of a government issued debt free money looks good on paper, we need to remind ourselves that, other than the thirteen American colonies, and a brief flirtation with it under Abraham Lincoln, the Chinese and Nazi Germany were the only other ones in modern history to try it, and they are not exactly exemplars of governments responsive to individual liberties nor the commonweal.  Indeed, it could be argued that America's descent into empire began with Lincoln's greenbacks.

But there are other weighty reasons to be wary of this scheme: debt-free government issued money is dependent upon a genuine honesty in the reporting of actual production, since such money is, ostensibly, a receipt on the goods and surpluses of the state, i.e., on its over-all productivity.  But in today's centralized mega-states, such as the USA or Russia or China, does anyone honestly trust the figures for productivity or job creation/loss coming out of official government bureaucracies? I submit, no, and again, because anyone tracking the figures of such agencies - particularly in Europe and the USA in recent history, will be all too familiar with the Soviet-style practice of fudging the books. Under the old Soviet Union, if a tractor factory was designed to produce 250 tractors a month, that was the officially recorded figure, even if it was only actually producing, say, fifty-seven.

And finally, we need to consider another possibility, as I averred in a recent video blog: suppose the banksters come along and offer to "reboot the system" with what amounts to an old Mesopotamian debt jubilee: suppose the price of receiving that largesse, the new "debt free" currency, was simply to accept a chip, or a "vaccination", or what have you. In that case, one would simply be trading one form of debt peonage, for another.

The idea needs to be debated, to be sure, but as I have also argued recently, it needs to be debated in conjunction with other movements in the world's financial system, the moves of the BRICS nations to increasing independence from the Western bankers, the need for competition in clearing both regionally and globally, and above all the absolute need for more locally responsive systems.

That said, we need to exercise due caution in this most recent move, for it does not portend any real connection to market reality.

See you on the flip side.

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. HAL838 on November 14, 2012 at 1:28 pm

    The REST of the “Chicken Little” story,
    as Paul Harvey would say:

    When Chicken Little came to see that no one was
    payIng ATTENTION:

    and banking and going to work
    and having parties, talking about all the money
    they have to spend, which is never enough,
    Mr Little was so alarmed that he threw up his hands
    and even before he realized it, the sky fell right into

    Still no one seemed to be paying attention
    and it wasn’t long before his arms started to get
    tired and he looked around for someone to help him,
    but everyone was still too busy gabbing about
    the same things and even the weather, of all things !

    Finally, Mr Little could hold up the sky no longer
    and he fell to the ground, his arms no longer able
    to keep the sky from falling.

    Well lo and behold,
    the sky started to fall, but not all of it.

    The [chemtrailed] clouds came down and hit
    many people, the snow and ice clouds hit many others
    and the rain clouds drowned even more people.

    Then, as Chicken Little watched in awe and those not
    hit by the clouds could SEE, the SUN seemed to shine
    with an outstanding brightness and those that could SEE
    the SUN started to smile, unhurt and warming under its glow.

    Chicken Little finally came to know that he had been in the
    right place at the time………
    the end of the beginning

    • terminally skeptical on November 15, 2012 at 1:27 am

      Well if that ain’t Chicken Soup For The Solitary Chicken !

  2. Svarstaad on November 13, 2012 at 4:17 am

    Have you never heard of the miracle of Worgl?
    Short story:

    Debt-free currency always stimulates the local economy,
    You Should also be familiar with Silvio Gesell, The Natural Economic Order. book in PDF is available online
    Data source:

    Don’t be afraid of debt-free currency. But, be ready to kill the scum that will come to kill you for using it and putting the banksters and their interest-bearing debt money out of business.

  3. kamutef on November 13, 2012 at 3:10 am

    Well there doesn’t seem to be much hope left for us. Keep the Rothschild cabal or choose one of their proxies.
    However in connection with Germany’s government issued currency, the main aim of the Thule group which originally recruited Hitler, was to rediscover and make use of free energy systems which would give Germany independence from the international energy and banking cabal, i.e. the British and American establishment. They did achieve success with the Vril craft, Haunebu etc., the forerunners of the modern UFOs.
    One aspect that many overlook is this. If Hitler had not lost his head and been provoked into committing Germany to war, the country would have progressed in peace and within a few years have introduced to the world industrially produced and scientifically proven free energy technology. This would have made the existing power structures immediately obsolete and introduced a new era on earth, which was the original intention of the Thule group.
    Looked at from this perspective the question arises, who stood to benefit more from war with Germany, the German nation or the existing establishment?

    • HAL838 on November 13, 2012 at 4:08 am

      “….who stood to benefit more…..”
      Those that created the war in the first place.
      Nes pa (?) Is that not so?

    • Cassandane on November 13, 2012 at 3:22 pm

      Thank you Kamutef! You have given me a piece of the puzzle to go and look into.

      Currently reading Dr. Farrell’s “Nazi International”, I have been vaguely wondering what part the wars (WW I and WW II) played in the development of free energy technology in Germany. It seemed too simplistic to say they – especially WW II – “provided cover and impetus” or “helped channel money” as I thought at first. More than likely, it slowed them down, which would be have been exactly what the British and American banksters wanted, had they foreseen their own demise in the manner you indicate.

      Given that Hitler’s father was an MI-6 agent, I wonder if his son was secretly groomed by the British to provide a means for the City of London to derail the Thule Society’s plan…and possibly to ultimately co-opt the best parts of the project for their own ends.

      Another question is, beyond what Dr. Farrell has uncovered, what was Martin Bormann’s role?

      • kamutef on November 14, 2012 at 2:49 am

        This is ongoing reaearch project for me Cassandane, but I am pretty certain that the facts bear out the theory. In 1934, the Thule group had already successfully demonstrated to Hitler the viability of their vril craft, RFZ 2; which was subsequently used for transatlantic reconnaissance missions in 1941 as it had a greater range than the ME 109s.
        So you can imagine by 1939, the banksters faced a stark choice, Do nothing and face commercial extinction and the complete overturning of the status quo, or provoke a war to attempt to maintain the status quo. And you are right, Hitler did prove to be the weakest link. And all this feeds into the current dichotomy with regards to UFOs. Most informed people believe that their governments know more about so-called UFOs than they are prepared to admit. However if our governments were to come clean they would also have to admit to possessing some familiarity with free energy technology, which would lead to the inevitable question, so why are we still paying and slaying for oil? With regards to Bormann, I haven’t done a lot of research on his wartime role other than to note that he seemed to be the guy that watched Hitler’s back, so to speak. However he seemed to play a major role in organizing the surviival of the movement after the end of the war, the escape to Argentina etc.

        • Robert Barricklow on November 14, 2012 at 8:06 am

          I enyoy your analyses.
          By the way, oil is abiotic.
          New book by F. William Engdahl, Mtyh, Lies and Oil Wars.

          • kamutef on November 14, 2012 at 10:18 am

            Thank you Robert 🙂
            I agree, oil is abiotic, the fossil fuel concept is simply a trick to allow price manipulation.
            Will look for the new Engdahl book.

          • HAL838 on November 14, 2012 at 1:03 pm

            More to the point of Lies and Myths
            is the fact of multiple sources of safe, free
            and totally replenishing energy sources that
            THEY are using and keeping to themselves
            because it IS safe, FREE and replenishing.

          • Robert Barricklow on November 17, 2012 at 12:25 pm

            Ultimately, it’s all about control.
            Open vs closed systems.

  4. Nidster - on November 12, 2012 at 10:02 pm

    If the magicians and illusionists can ‘re-boot’ the system with a wave of their magic wand more people need to understand and starting thinking we can rid ourselves of the debt and the Banksters, without giving up our Liberty. We could ALL go on vacation, stop participating in their fraud, live life the best we can, go on the dole, and let the thug regimes wither on the vine. Just stop participating in their fraudulent games.

    Debt-free government issued money, as Dr. Ferrell writes, “is dependent upon a genuine honesty in the reporting of actual production, since such money is, ostensibly, a receipt on the goods and surpluses of the state, i.e., on its over-all productivity.”

    That’s a harder problem to solve, but I remember President Kennedy issued some 4 or 5 billion dollars of debt-free money. It can be done, and needs to be done.

  5. LSM on November 12, 2012 at 5:13 pm

    “do we really trust any large financial institution like the IMF to propose a solution?”- no.

    “suppose the banksters come along and offer to “reboot the system” with what amounts to an old Mesopotamian debt jubilee: suppose the price of receiving that largesse, the new “debt free” currency, was simply to accept a chip, or a “vaccination”, or what have you. In that case, one would simply be trading one form of debt peonage, for another.”

    which is why I mistrust BRICS (see above under “reboot the system”)- if a mega-bank country like Switzerland has truly lost track of its wealth (which I greightly doubt), and until the Swiss banking code of secrecy is cracked, we’ll be forced to accept every chip, vaccination and mental/financial circumcision available-

    look, folks, go to Switzerland and see for yourselves- the wealth is staggering- and the Swiss national flag is nothing more than a truncated version of the Knights Templar flag and every cemetary consists almost exclusively of monoliths- don’t believe me?- go there and see for yourselves-

    I’m no sage but I feel the solution to the world’s financial crises is not an audit of the FED (or more such nonesnse) but a dismanteling, unravelling of the internationally controlled Swiss financial systems- then we’ll have “BRICKS”-

    sweet, harmless, neutral Heidi-Land Switzerland- how “quaint”-

    right- yodel-leh-hee-hoo-

    Larry in Germany

  6. Frankie Calcutta on November 12, 2012 at 2:24 pm

    Possibly the reason why Hillary Clinton was rumored to want to leave the State Department and head the IMF’s sister organization the World Bank a little while back? I’m sure she had visions of consolidating the two under one American leader. As the world’s banking chief rolling out the new currency, it would be the closest thing to a world dictator we have seen so far. No doubt Hillary’s life long fantasy.

    This is off topic, but certainly of interest:

    “An Egyptian jihad leader, with self-professed links to the Taliban, called for the “destruction of the Sphinx and the Giza Pyramids in Egypt,” drawing ties between the Egyptian relics and Buddha statues, local media reported this week. ”

    ignorant yahwehist or somebody’s shill reading off a script? His references to the destruction of the Buddha shrines makes me think the latter but that is just my hunch.

  7. Robert Barricklow on November 12, 2012 at 10:32 am

    There is also that pesky upstart, the “bitcoin”.
    It is very a decentralized & independent form of currency.

    Perhaps the modern way of saying/
    Beware of Greeks bearing gifts,
    is simply saying/
    Beware of the IMF.

    The UMF has a track record of rolling over anyone & everyone it deals with.
    Like the Israeli saying/
    To be an enemy of Israel is dangerous,
    To be a friend is fatal.

    • HAL838 on November 12, 2012 at 10:43 am

      Take up your fiddles.
      Mother Nature is martialing Her troops

      • HAL838 on November 12, 2012 at 9:55 pm

        It’s looking [good]
        I don’t think She’ll back down this time.

        It promises to be a big ‘non-event.’
        I can [really] feel it…

        but then, I’ve been ‘calling’ it for years…
        to those here with no ears…
        Everyone likes strange numbers…
        12-21-12 mid gallactic allignment

        • terminally skeptical on November 12, 2012 at 10:39 pm

          “The sky is falling” — Chicken Little

          “Y2K, Y2K, Y2K . . . . . . . “–Chickens cousins from a dozen years ago.

          “The Mayan Calender flip”–Chickens cousins with their heads cut off.

          We the enlightened have stopped feeding our Chicken selves GMO scratch and reconstituted animal protein. The latest omega 3 research now directs us to a diet comprised entirely of red herrings.

          • Joseph P. Farrell on November 13, 2012 at 2:36 am

            ROARING with laughter here Terminally Skeptical…you made my day. Thank you!

          • HAL838 on November 13, 2012 at 3:18 am

            That’s an interesting word.
            Reminds me of my doctor’s “Illuminization”
            after looking at a rash that everyone could see but him,
            for three years, and then finally making up a
            three-part name for it,……, huh(?)

            Doctor Mengele’s grandson.

            No, Dr Farrell, an internist and general practioner.

            Sorry fellas, but a “falling sky” is the only chance
            I’ve got for this to stop.
            Or for anyone else, for that matter.

            But as I suspected, you really DO enjoy the
            Way things are, despite your posts, so that perhaps
            your favorite song will become,
            “The Way We Were.”

          • HAL838 on November 13, 2012 at 3:24 am


            On “Y2K”

            it was a rather simple matter of computers learning to count

            Evidently, there were some stupid ones,
            mostly those owned by the US government
            spy agencies.

          • HAL838 on November 13, 2012 at 5:26 am

            Oh, by the way …

            There is an island in the middle of the Pacific Ocean
            where a ‘seat’ for viewing that 12/21/12 sunrise is
            built right into a mayan style monument…
            a small, uninhabited island…
            just one lone monument.

            A planned expedition will be there for that [non (?)]
            Who said anything about the end of the world…
            the “preppers”…(?)

            Just over-writing the New World Order, I should think.
            GOSH !
            What would you all have to blog about?

            NOW I understand why you would all be so upset.
            I really am dumb sometimes.

          • Tor on November 13, 2012 at 7:20 am

            Y 2 K? Why talk about GMOs? Monsanto says they are perfectly safe. Why not just eat your GMO Chicken Little soup and be enlightened and happy?

        • Nidster - on November 13, 2012 at 12:45 am

          Hal, you are probably aware of the following information, but many still believe the meme regarding the Mayan calendar and what will occur. What most do not understand is what WILL occur at dawn on 12-21-2012 at Izapa, in the state of Chiapas, Mexico. This video is a good explanation. Since this video is unlisted on youtube, one can only wonder at the reason why it is unlisted, I wanted to provide the link and hope TPTB will not come down on me too hard.

          • HAL838 on November 13, 2012 at 4:32 am

            First of all;
            the Maya did not create the calendar, the science,
            the cities they lived in, the Sun’s cycles of
            two rotational speeds or the precessional cycle…

            It was unlikely that they could even read the glyphs.
            Further, I don’t think they met or knew of,
            Dr Robert Schoch or Dr Paul Laviolette.

            Astronomy, yes
            Mysticism? no.

          • terminally skeptical on November 13, 2012 at 9:46 pm

            Great Joseph! I’m delighted to know that this is just what the doctor (you) might have ordered.

          • terminally skeptical on November 13, 2012 at 9:50 pm

            HAL838 is this a private syntactical/semantical war or can anyone join in? I guess it must be the season or in the wind or something ’cause first Robert B. and Yaz and now we’re in the mire over rhetorical misgivings.
            Whereas you were inspirational you were not the lone target here. The quip was a sardonic dig directed at all of us who with our fearless predictions, like a stopped clock, settle for the consolation prize of at least being right twice a day. Indeed the sky is fallng; we just don’t know where or when. So like your doctor we just go on “rashionalizing” and should all just enlighten up.

          • Robert Barricklow on November 14, 2012 at 8:00 am

            Great last line w/”enlighten up”.

    • Robert Barricklow on November 12, 2012 at 2:28 pm

      Today, as “they” celebrate Veteran’s day,
      I reminded of Major General Smedly Butler, USMC.
      He won the Medal of Honor three times. He was instrumental in foiling a fascist coup against FDR.

      The quote he is known for:
      “War is a racket.
      …In short, I was a racketeer,
      a gangster for capitalism.”

      He turned around,
      and fought for justice.

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