It is imperative to begin this journey from the origin of money. Money originates from national central banks worldwide. Based on historical precedent, two specific powers are inherent in central banks practice: the control of interest rates and that of money supply (inflation). The central bank does not only supply government money, they supply government money, which the government has to pay back with some sort of interest attached to it. This suggests that the government is mandated to pay all these monies back to the central bank with interest and where does this money come from? You can be sure it comes from all you hardworking citizens in the form of taxes since nobody else has the authority to print money.
The question is where do citizens and companies get their own money? They get their money from the government, undoubtedly. In essence, for the government to be able to pay off their loans, they part-fund their debt through income and corporate taxes and, of course, the central bank will have to print even more money with debts attached to it in order for our government to pay off their existing debts, thus keeping the government in perpetual debt by virtue of this conundrum. Hence, what we have without fail is a form of self generating debt (slavery) that we can never get out of. This is one of the things you will never know unless you have a critical understanding of the workings of the central banks and international monetary concerns.
In the history of the world, the last time money had some sort of value, with a corresponding real growth, was during the gold standard regime that existed between 1882 and 1933. Under this regime, paper notes were convertible into pre-set and fixed quantities of gold. In the US, gold certificates were used as paper currencies. These certificates were freely convertible into gold coins. Currently, currencies worldwide are not backed by anything. We create money out of thin air. A departure from the gold standard, which advocates strict limits on financing and on the amount of money that can be printed. What warrants the printing of the inflationary paper money which is backed by nothing in circulation today?
Take for example a newly married couple that seeks to get a mortgage. They walk into a bank and money is created by punching figures into the computer, creating a deficit on their behalf. They have to work for years to pay back this loan that was created out of thin air with “interest”. How fair do you think this arrangement is? The mind boggling arrangement is that of a collaterized loan. The bank takes your property with real value and, in most cases, print out valueless papers in exchange for it or at worst punch in the figures into a computer and there you go.
The likes of the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, around the world attach arbitrary value to pieces of papers and everyone starts chasing it. No brainers kill for it. They kidnap for it. They even use other human beings for rituals just to have an inconsequential paper with no intrinsic value. The entirety of the blame is not on the likes of Sanusi. They are mere pawns in the matrix of financial domination by the Federal Reserve Bank under the auspices of elite and controversial figures such as Rockefeller, JP Morgan, Rothschild, Warburg and of course the Bank of England through sophisticated global financial interactions. The dollar bill pre-1933 explicitly states that it is redeemable in gold. Look at it today, it says it is a legal tender, which means it is a worthless paper. A worthless paper that all other currencies are tied to.
Attempts have been made to return to the Gold standard but it has been met with vehement resistance. Libya, Africa’s largest oil producer, had plans to quit selling Libyan oil in US dollars, demanding payment instead in gold-backed dinars (a single African currency made from Gold). The regime was sitting on massive amounts of gold estimated at close to 150 tons and was also pushing other African countries and middle eastern government to follow suit. This had the potential to bring down the federal reserve’s inflationary notes and the world’s monetary system by extension. We all know what happened to Moamar Gadhafi’s regime that went from “a model and an important ally” to the next target for regime change.
The only thing that gives our money value is how much of it is in circulation. Therefore, the power to regulate the money supply is also the power to regulate its value, which is also the power to bring entire economies and societies to their knees, if need be. Does this explain the callous ego, which is almost the trademark of all Nigerian CBN governors? Does this also explain the unsympathetic corruption, which is the trademark of our elite politicians? It is because they are enlightened. As such, someone can just wake up and steal N2.1 billion from the printing and minting section of the CBN and just about nothing gets done. The Federal Reserve Bank is as federal as federal express. It is a private corporation and they make their own policies just like our CBN. It is virtually under no regulation by the government too just like our CBN. To think that these banks loan money to governments under the current fraudulent model to enslave humanity whilst we applaud them in way of awards, is nothing far from laughable.
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