Linkage Between Monetary Economics And Labour Slavery, Circumventing It To Your Advantage--Part 1

INTRODUCTION AND PURPOSE
There are currently over two hundred states on Earth. These states are very different, just like human beings are. There are large and small ones, rich and poor ones, famous ones and completely unknown to the majority of the world’s population. Among these nations there are those with advanced economies and those with decaying ones, those growing and those wasting away. Some die out, some grow older, and others are propagating vigorously and growing younger year by year.

It is not by chance, that I address happiness in this context, since it is happiness, which has to be the criterion of human existence; happiness, and not success, interpreted differently in different cultures. Human happiness presupposes autonomy. One has to make decisions by oneself; one has to carry responsibility for the consequences of those decisions. In the same way the ‘happy’ life of the state requires this state to be autonomous.

This self-determination of the state is called State Sovereignty. State sovereignty means supremacy of the state within its borders as well as its autonomy in the international affairs. State sovereignty is incompatible with any interference from the outside. A sovereign state is the one to decide for itself and to reap the fruits of these decisions.

The country itself has to determine its path of development; the head of the country has to do things that are good for the country and that make the country prosperous. The power is sovereign only if this criterion is chosen as the basic one for defining of state policy — exactly as an adult is independent only if they are free to decide themselves about their family. It may happen that the benefits of certain decisions will not be immediate, and will not always be obvious; yet the criterion ‘make it better’ will always guide a normal person in actions concerning their family. Is this not the case of modern states as well? Is this not the case that the statesmen of different countries are striving hammer and tongs for the sake of their countries? Is this not the case that while looking at the political map one sees a lot of independent countries that bravely move across the rough sea of politics and economics? Alas, it is not; the reality is completely different. It is exactly the opposite. Nearly all countries of the modern world are forced to conduct policies that are very far from their national interests.

In the modern world only a very small number of countries can proudly claim Absolute State Sovereignty. It has always been the case — there have always been those who drive and those who are driven

Politics and finances, these are the spheres of human life that require knowing at least the basic principles, otherwise it may incur real damage to human life. Finances today have brought politics to heel, have replaced politics with themselves. Not understanding this sphere may destroy peoples and countries. Today’s world is based on finances, it lives among finances

and is controlled by them. Therefore, participant to Economic Freedom Conference, you will have to examine modern currencies. There is no moving on without it. The financial world is aircraft carriers, nuclear-powered submarines, tanks, fighters and helicopters. It is infiltrators and assassins, snipers and spies, politicians and public figures. And all of that is only needed to preserve the existing financial order of the planet, to retain their dominance and even assert it. The most interesting thing is that despite clear physical signs of such world order, most people do not even have a slightest idea how everything functions and those who dominate. Those who created this theatre of the absurd need exactly that.

CHAPTER 2
THE HISTORY AND THE THEORITICAL CONCEPT OF MONETARY ECONOMICS

Understanding the road out of trouble is the same road into trouble. Today’s chain of slavery is not built with iron and shackles, but of figures, currencies and debts. Knowledge comes together with information and knowledge is followed by understanding.

Establishing a prosperous state while not understanding the principle of modern world order is impossible. Everything in this world is working in definite accordance, logical concealed laws and basic principle.

The keystone of modern financial world is dominant part of the dollar. That means all price in the world economy are only defined in dollars. That means it is in dollars that price for production are defined. Not only is the dollar the main means of payment in today’s international trade but it is also the means of savings. And it is not the private savings of people around the world that are meant, but savings of countries themselves. The so-called gold and foreign currency reserves, whichever country you take it will have less gold in the reserve than currency. Therefore it would be more sensible to call such reserve foreign currency and gold ounce.

BRETTON WOODS AGREEMENT
The Proof of today monetary order is found in Britton Woods Agreement Signed 1944. The Britton Woods system of monetary management established the rules for commercial and financial relations in the Mid-20^th Century. The system was to fully negotiate monetary order intended to govern monetary relations among the Independent nation-states.

The purpose was to obligate each country to adopt a monetary policy that maintained the exchange rate by trying it currency to gold, and the ability of the IMF was to bridge the temporary imbalances of payments.

Preparing to rebuild the International Economic System while World War (II) was still ranging, 730 delegate from all 44 Allied Nations gathered at the Mount Washington Hotel in Britton Woods, New Hampshire, United States for the United Nations monetary and financial conference. After a 22 days deliberations on the July 1944 Britton Woods agreements was signed. Setting up a system of rules, institutions and procedures to regulate the International Monetary system, these accords established the International Monetary Fund (IMF) and the International Bank of Reconstruction and development (IBRD) which today is part of the World Bank Group.

The organizations became operational in 1945 after sufficient members of countries had ratified the agreement. Around such a date, most of the African countries were still on colonization therefore couldn’t have participated in the conference for their vote to make meaningful sense in global monetary order negotiation and establishment.

On the 15^th August 1971 gave birth to the dark side of the document despite the good intention behind the establishing of the International Monetary Management system and that is when the United State unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Britton Wood system to an end rendering the dollar as a fiat currency. This action is referred to as the Nixon Shocks, created the situation in which the United States dollar became a reserve currency used by many states. At the same time, many fixed currency such as pound sterling also became free floating.

The main currency of the world called dollar is not USA property but a private institution called Federal Reserved System and it is even stated on the dollar bill. “Federal Reserved Note”. You are not holding a US dollar; you are holding a dollar of the Federal Reserve System. But this strange situation has not always existed in the USA. It will soon be 100 years since the American government decided to privatize emission of the dollar. The Fed was established in December 1913 when President Wilson signed the Federal Reserved Act. When money was issued by government and not by Private Institution, dollar bills said a different thing? Why not “United States Note”. Can you feel the difference? There used to be state money (bills) and now there is corporate money (bills). But, alas,there is no state money in the USA any more. Even on the Federal Reserved Official website you will find public information about its private nature.

What makes the world that we all live in so strange is that, he who controls your wallet controls you’re everything.

You can often hear statements that the “Fed” is controlled by the US government, which allegedly makes it a state organization. Refuting this statement is very easy. All it takes is to look at the founders. The Fed was established by twelve Federal Reserve Banks scattered across the USA. It would seem that Fed is a Federal Organization since it consists of Federal Banks, but it just a façade and mimicry as asserted by Starikove (2013). There is not a single state-run bank in USA, All the banks that have the word Federal in their names were actually established by ordinary commercial banks which has been grouped according to their location. Who are the founders of the American Commercial Banks via a chain of companies, shares, trusts and funds it is always individuals. Therefore, the twelve Federal Reserve Banks comprising the Fed are owned by unknown individuals, and not the American State, observed by Starikove(2013). And each of these twelve Federal Reserve Banks has the rights to issue dollar bills. If you are curious, search for the dollar bill and read where it comes from.

Starikove (2013) further assert that for an outsider all properties are observed. And an illusion is created that the Federal Reserve is controlled by the State although it is actually independent.

It is about the Independence of the Federal Reserve that you will read in all reference books and it will be presented as a great advantage. The Fed is an “Independent Financial Institution established in order to function as the Central Bank and performed centralized control over commercial bank system.

So what is the Federal Reserve System Independent from? From the government! If the head of a corporation can appoint or dismiss the head of one of the companies within its corporate group, we can hardly talk of any independence. And if the head of the corporation has no right to dismiss him or make him to pursue a policy needed by the group, what kind of head of corporation is that? This is not authority any more but mere illusion. Similarly, speaking of the independence of the Fed on the one hand and of the control exercised by the state, on the other, is creating an illusion. One cannot be slightly pregnant; it is either one thing or the other. Each of the Federal Reserve Bank is assigned it owned number and the letter.

If you look at the front of the Dollar Note you will see the mark on the left side of the note:

A1-Boston, B2- New York, C3- Philadelphia, D4- Cleveland E5- Richmond F6 -Atlanta, G7- Chicago, H8 -St. Louis 19 Minneapolis J10- Kansas City, K11-Dallas, L12-San Francisco

Could the President of America appoint or Sack the head of Fed? That answers all….

The Federal Reserve Banks established the governing body of the FED called the Board of Governors is appointed for a term of 14yrs. These governors then elect the Chairman of the FED. He is appointed for four years and the US President confirms him at the Position. What do we see? This is an imitation of subordination. This is what you will find in the book written by the Fed Chairman, Alan Greenspan: ‘Federal Reserve System, formally independent from the White House. What is informal dependence then? In a world where the whole management structure is strictly vertical, such dependence simply does not exist. The head of the White house does not own any shares and therefore cannot vote but granted the honorable right to sign for the confirmation of the head of the Company as Starikove(2013) observed.

The situation with the Fed is exactly the same because the appointment of the FED Chairman is the most important appointment in today’s economy and hierarchy, far more important than that of the US President according to Starikove (2013)

Ghana like any other State is tied to Federal Reserve for enslavement through IMF. Because any country which is a member of the IMF is obliged to guarantee single-step exchange of the total amount of national currency in dollar and pounds using its own gold and foreign currency reserves. This rule has to be observed at any given moment. Otherwise a country cannot be accepted to the IMF. And without being in the IMF one cannot be part of the “civilized society”

As a result, the Ghanaian Economy does not have as much money as required for it proper operations but equal to the amount of dollars in the reserves of the Central Bank. The Amount of cedies that can be issued depends of the amount of dollars Ghana received for export of it natural resource. That is why a drops in it export rate causes a collapse of everything. This is not due to insufficient tax collections.

The reason is that cedies disappear from the economy, which is followed by a collapse of trade, construction, reduction in salaries and curtailment of the whole production process

It is important to understand that the gold and foreign currency reserves of the country are not state reserves. This money is not to be spent. It has to stay in the storage of the Central Bank just to make it possible to issue cedies. The gold and the foreign currency reserves do not do any good to the government or the people. Their role is completely different. Their role is to guarantee, which cannot be spent and which allows the government to issue cedies.

Why they cannot be spent is clear- If we sell dollars to cover the country’s external debt, the cedies issued under the guarantee will remain in the country. The money expected to be issued in Ghana is of 3types, Note of the State Bank, Treasury Notes and metal coins. The difference between the Bank and the Treasury note is purely juridical. Only the Bank Note is backed with the whole Property of the States, so they do not have any gold content and this is to support all the types of money issued into circulation by the State Bank of Ghana.

If you are still not entirely convinced that the key to all the problems is hidden in the corridors of the Central Bank, then there is an interesting table at the website of the Central Bank of Ghana. It called the Base Rate of the Central Bank. In crude terms, this is the Interest rate at which the Central Bank credits banks and through them to the whole Ghana’s economy. No one is authorized to do it except for the Central Bank because cedies are issued by the Central Bank which then lends them to Commercial Banks. It is on this activity the Level of Inflation depends.

To Be Continued.....