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François de Siebenthal: Swiss solutions asap, vix…God is simple and …
3 janv. 2009 – new Local Social Credit Banks, is to conduct continuing member education. This is especially important for attracting and recruiting new …
François de Siebenthal: Why a swiss national bank ?
3 sept. 2016 – Centralized control of a limited quantity of money is NOT the answer, and there is NOT … François de Siebenthal: Swiss national bank + 30 %.
An interview with a former Swiss banker – michaeljournal.org
He recently spoke to Francois de Siebenthal, who is a former banker from Switzerland, on the crisis in the financial world today and what solutions he would …
François de Siebenthal: Science-fiction & solutions
6 juil. 2016 – Science-fiction & solutions. For us the living, by Robert Heinlein. Science-fiction can …. François de Siebenthal: Confessions of a swiss banker,.
1. We organised a conference at the European Parliament
2. The European Parliament published a report on helicopter money
3. A great event in Paris
4. 18 MEPs signed an open letter to the ECB
5. We demonstrated the feasibility of QE for People
6. The vast majority of the population would support QE for People
» Check out the survey results
7. The European Parliament criticized QE for the first time
8. The ECB itself admitted QE for People would be legal
9. We exposed the ECB’s support for climate change industry
10. We established a public-interest voice on monetary policy
» Together we can make a difference. Can you spread the word and invite your contacts to join the campaign?
We wish you a very merry Christmas! See you in 2017!
credit and money in order to confer that privilege to the State; this is the
only nationalization required.”
Paris, IDF, France
What is Quantitative Easing?
Why QE does not work
Alternative to QE Proposals
QE for People
The following message was sent today to Australian Senator Matt Canavan in response to his newsletter endorsing an aggressive job-creation plan for Queensland by expansion of the the coal industry in that region.
“Dear Senator Matt Canavan,
“Thank you for your latest Bulletin and update on the coal industry, etc. in Queensland.
“I note that your report contains repeated references and allusions to the creation of new jobs (i.e.,”work”) for the citizens of your region. One wonders from whence originates the ideological or philosophical motivation for this apparently aggressive policy of providing “jobs” to keep the population at toil. It has the characteristic of a socialist (Keynesian), communist or national socialist policy, full-employment being the central objective of all of these totalitarian forms of government. It is certainly the underlying assumption of virtually all university courses on economics which are essentially in accord with the wealth and power-centralizing Fabian Socialist financial debt advocacy advanced by the late British Fabian Socialist economist, John Maynard Keynes, and is diametrically opposed not only to rational economics but also to Christian philosophy, being rather an intensive expression and application of Puritanism (i.e., Pharisaism) or the false Doctrine of Salvation through Works, as opposed to the Christian Doctrine of Salvation through Unearned Grace. The underlying assumption of this “works” policy is that humanity is faced with eternal scarcity and that toil is regarded as necessary to the purification of the human soul which is assumed to be otherwise irredeemably evil (especially if it is someone else’s soul). It is a denial of the Promise that there is more to Life than Bread alone.
“Economics is simply the application of energy to the conversion of materials to produce items which are useful to or desired by human beings. The only legitimate and rational purpose of economics Is to deliver goods and services as, when and where required or desired–as efficiently as possible with an absolute minimum of inconvenience to all concerned. It has nothing whatsoever to do with providing work, as such. Such a conception Is related to the degrading belief that idle hands inevitably find evil actions to commit. This necessarily involves the economics of waste and sabotage. This contention and its resulting policy has served the purposes of tyrants from time immemorial.
“The modern economic problem arises from the fact that increasing capitalization of industry by plant and technology results in an increasing disparity between consumer incomes and final consumer prices, the latter rapidly outpacing the former. The consuming public is incapable of buying the current product of industry and is forced to produce additional goods in order to earn income available to purchase goods produced not currently but in the past. Increasingly consumers and governments are forced to contract larger and larger amounts of financial debt in order to “bridge” this growing deficiency of consumer buying power. Nations are increasingly engaged in intensifying competition to export more than they import in International trade, which phenomenon is the primary cause of war. The end result of all of this is growing waste, want and International conflict.
“The locus of the problem besetting the modern economy is not to be found in production but rather in consumption. Because of growing financial charges relating to the costs of real capital and goods brought in from a previous costing cycle, industry distributes increasingly insufficient incomes in the form of wages, salaries and dividends to liquidate the final and total costs of goods the prices of which must include not only labour but all factors of production. Producing more cost-creating goods or mortgaging the future through increasing financial debt is no solution to the expanding problem of consumer income deficiency and merely transfers it as an inflationary charge on the future. The problem is that the existing financial price-system is not self-liquidating, that is, it cannot liquidate in the same costing cycle the financial costs and prices which it generates within the same cycle. This irrefutable fact invalidates Say’s Law. As the economy modernizes and non-labor factors of production increase relative to labor this financial defect is magnified while at the same time we are physically capable of producing a growing abundance of actual goods, causing thereby an increasing profusion of economic and social problems because of a growing failure or “bottleneck” in distribution.
“Continuing expansion of consumer income is absolutely essential if the costs of industry are to be met by consumer purchases. This expanded income must be met without increasing costs and prices and must be issued to consumers without being accounted as financial debt or the necessity of engaging in additional cost-creating projects. It must be issued directly to consumers, without being accounted as debt, as National (Consumer) Dividends to all citizens and to all retailers at point-of-sale enabling them to reduce their prices, that is to charge compensated prices, declining as the national consumption to production ratio decreases consequent to technological efficiency. This new purchasing power is now being issued by the banks by expansion of credit as loans all the time, but fraudulently because of their false claim to ownership of this credit by which they monetize but do not produce the community’s wealth. Attempting to compensate this inherent defect in the price system by increasing debt and further expansion of production or exports is a fools errand and can only lead to economic and social disaster.
“Ideally, all production in a fully efficient economy should be full automated, eliminating thereby all concerns for the engagement of humans in production. We are rapidly moving toward this goal and predictions are that within the next twenty or so years in the United States approximately fifty per cent. of all “jobs” across the board will be eliminated by automation and artificial intelligence. This is a marvellous prospect if humans can only muster the basic intelligence to provide a financial mechanism whereby the product can be distributed to the consumers for whom it is intended.
“I might add that increased prices for commodities is not a rational or desirable goal. Maximum efficiency and resultant abundance should, and would, ideally reduce prices to zero. When one walks in the meadows or the woods one is supplied with an absolute adequacy of fresh air which is of absolute “value” and importance to human life but has no financial value whatsoever. According to our distorted sense of value this essential, abundant and priceless air should be regarded as valueless and should be avoided as useless and of no consequence whatsoever. We must break the rigid historical Puritanical link between human labour and the right to consumption, which ignores the fact that production is today increasingly accomplished less by the application of human energy, and is inspired by a false moralism that is increasingly a violation of natural law in an age of abundance, where securing of markets and not of production capacity, is the major challenge to industry.
“I recommend the following recently posted YouTube video and provide further relevant links. https://www.youtube.com/watch?v=NdcVuf8ajxc
Major C.H. Douglas on “Causes of War” – part 1 – YouTube
Major C.H. Douglas on ‘The Causes of War’ – part 2 – YouTube
CAMPAIGN FOR MONETARY REFORM –
29/04/2016: STATEMENT ABOUT SOUVEREIGN MONEY PRESENTED AT THE GENERAL MEETING OF SHAREHOLDERS OF THE SWISS NATIONAL BANK
05/11/2015: SWISS CITIZENS’ INITIATIVE COLLECTS 105,000 SIGNATURES, TRIGGERS REFERENDUM ON MONEY CREATION
Union de Fribourg réactualisée
LE PROJET DE PLATEFORME DIGNITÉ & DÉVELOPPEMENT EST LANCÉ
Union de Fribourg réactualisée
Samedi 5 septembre à l’Université Miséricorde de Fribourg, quelque huitante personnes ont assisté au lancement de la plateforme Dignité & Développement, voulue par Mgr Charles Morerod afin de mettre en commun les acteurs chrétiens qui participent à la réflexion sur les actuels enjeux sociétaux. Diverses thématiques ont été présentées autour desquelles des groupes de réflexion se réuniront pendant trois ans.
Une dizaine de sujets, récoltés en amont auprès d’institutions et de privés, ont été présentés samedi après-midi devant l’auditoire de l’Université de Fribourg, lors d’une conférence interdisciplinaire sur le bien commun. Certains participants s’inscrivent dans la mouvance de la dernière encyclique du Pape (Laudato Si’) et souhaitent aborder l’écologie, y compris dans son lien avec les inégalités sociales. D’autres veulent questionner le droit international : le bien commun en est-il encore le noyau ? et quel est le rôle des religions dans la refondation du droit international relatif à l’être humain ? Ont été aussi proposées des réflexions sur la formation, la responsabilité des acteurs économiques ou encore les enjeux liés au monde du travail : quelle place accorde-t-on, par exemple, aux employés qui aujourd’hui ont été remplacés par des outils informatiques ?
Toute personne intéressée à participer à l’un des groupes de travail ou à proposer d’autres sujets de réflexion peut encore s’annoncer à chancellerie(at)diocese-lgf.ch
Les sujets soulèvent déjà les passions….
Pour nous suivre en direct. et en différé sur les archives. La Web TV de la BNS. Dès 10 heures ce vendredi 29 avril 2016.
Dans l’histoire des peuples, la Suisse aura le dernier mot »
Nous le disons 🙂 … ci-dessous…
Projet de loi d’application de monnaie-pleine
PROBLÈME DE L’ARGENT, ET TANT QUE CE PROBLÈME NE SERA PAS RÉSOLU,
IL NE POURRA Y AVOIR L’APPLICATION UNIVERSELLE DU CHRISTIANISME —
(Honoré de Balzac)
USURE de L’USURE
Face à la crise de l’euro et de la dette, je prie le Conseil fédéral de prendre position sur la question de la création de monnaie en Suisse. Selon la théorie économique qui prévaut, la plus grande part de la masse monétaire M1 est créée par l’accroissement de la somme des bilans des banques commerciales et non par la Banque nationale suisse (BNS), ce que confirme d’ailleurs le lexique de cette dernière: “Les banques créent de la monnaie en accordant des crédits; cf. lexique de la BNS”.
Partant de ce constat, je prie le Conseil fédéral de répondre aux questions suivantes:
1. Aux termes de l’article 2 de la loi fédérale sur l’unité monétaire et les moyens de paiement (LUMMP), seuls sont considérés comme moyens de paiement, les espèces métalliques, les billets de banque et les avoirs à vue auprès de la BNS. Sur quelle base légale se fonde la pratique générale (suivie également par les autorités) de considérer les avoirs à vue auprès des banques comme des moyens de paiement légaux, alors qu’ils ne constituent qu’une créance sur ceux-ci, qui sera honorée ou non par les banques selon leur solvabilité?
2. La création de monnaie scripturale des banques commerciales est-elle conforme au droit régalien de la Confédération, selon l’article 99 de la Constitution, qui dispose que “la monnaie relève de la compétence de la Confédération”?
3. Comme le Conseil fédéral l’a relevé dans son message du 26 mai 1999 concernant la LUMMP, “Les avoirs à vue auprès d’une grande banque, d’une banque cantonale ou régionale, ou encore d’une organisation de cartes de crédit, ne sont effectivement pas la même chose que ceux déposés à la BNS, qui est le seul établissement du pays … à pouvoir créer de l’argent à son gré”. L’Etat ne peut donc déclarer la monnaie scripturale des banques comme moyen de paiement légal (99.051). Or vu qu’elle est considérée dans les faits comme telle, le Conseil fédéral ne pense-t-il pas qu’il serait nécessaire de préciser cette distinction dans la loi parce que la majorité de la population continue de penser que la mise en circulation de moyens de paiement libellés en francs est exclusivement du ressort de la BNS et par conséquent garantie?
4. Comment le Conseil fédéral légitime-t-il ce droit des banques commerciales de créer de la monnaie, sans qu’elle soit entièrement garantie par un capital, en accordant des crédits, qui augmentent la somme de leur bilan, alors que les particuliers ne peuvent consentir des prêts que s’ils disposent de l’argent?
La discussion est reportée.
En suspens depuis plus de deux ans; classement.
The financial enigma resolved — A debt-money system
français español italiano português Deutsch po polsku
by Louis Even
“The Money Myth Exploded” was one of the first articles of Louis Even, and remains one of the most popular to explain how money is created as a debt by private banks. It is available in the form of an 8-page leaflet (tabloid format) that you can order from the “Michael” office, in several languages: English, French, Spanish, Italian, German, Polish, Portuguese.
1. Shipwreck survivors
An explosion had blown their ship apart. Each one grasped the first bit of wreckage that came to hand. And when it was over, there were five left, five huddled on a raft which the waves carried along at their will. As for the other victims of the disaster, there was no sign of them.
Hour after long hour their eyes searched the horizon. Would some passing ship sight them? Would their make-shift raft finds its way to some friendly shore?
Suddenly a cry rang out: “Land! Look! Over there, in the direction the waves are carrying us!”
And as the vague silhouette proved itself to be, in fact, the outline of a shore, the figures on the raft danced with joy.
They were five. There was Frank, the carpenter, big and energetic. It was he who had first cried, “Land!”.
Then Paul, a farmer. You can see him, front and left in the picture, on his knees, one hand against the floor, the other gripping the mast of the raft.
Next is Jim, an animal breeder; he’s the one in the striped pants, kneeling and gazing in the direction of land.
Then there is Harry, an agriculturist, a little on the stout side, seated on a trunk salvaged from the wreck.
And finally Tom, a prospector and a mineralogist; he is the merry fellow standing in the rear of the picture with his hand on the carpenter’s shoulder.
2. A providential island
To our five men, setting foot on land was like returning to life from the grave.
When they had dried and warmed themselves their first impulse was to explore this little island on to which they had been cast, far from civilization.
A quick survey was sufficient to raise their spirit. The island was not a barren rock. True enough, they were the only men on it at the moment. But judging from the herds of semi-domesticated animals they encountered, there must have been men here at some time before them. Jim, the animal breeder, was sure he could completely domesticate them and put them to good service.
Paul found the island’s soil, for the most part, to be quite suitable for cultivation.
Harry discovered some fruit trees which, if properly tended, would give good harvests.
Most important were the large stands of timber embracing many types of wood. Frank, without too much difficulty, would be able to build houses for the little community.
As for Tom, the prospector, well, the rock formations of the island showed signs of rich mineral deposits. Lacking the tools, Tom still felt his ingenuity and initiative could produce metals from the ores.
So each could serve the common good with his special talent. All agreed to call the place Salvation Island. All gave thanks to Providence for the reasonably happy ending to what could have been stark tragedy.
3. True wealth
Here are the men at work.
The carpenter builds houses and makes furniture. At first they find their food where they can. But soon the fields are tilled and seeded, and the farmer has his crops.
As season followed season this island, this heritage of the five men, Salvation Island, became richer and richer.
Its wealth was not that of gold or of paper bank notes, but one of true value; a wealth of food and clothing and shelter, of all the things to meet human needs.
Each man worked at his own trade. Whatever surpluses he might have of his own produce, he exchanged for the surplus products of the others.
Life wasn’t always as smooth and complete as they could have wished it to be. They lacked many of the things to which they had been accustomed in civilization. But their lot could have been a great deal worse.
Besides, all had experienced the depression in Canada. They still remembered the empty bellies side by side with stores crammed with food.
At least, on Salvation Island, they weren’t forced to see the things they needed rot before their eyes. Taxes were unknown here. Nor did they go in constant fear of seizure by the bailiff. They worked hard but at least they could enjoy the fruits of their toil.
So they developed the island, thanking God and hoping for the day of reunion with their families, still in possession of life and health, those two greatest of blessings.
4. A serious inconvenience
Our men often got together to talk over their affairs.
Under the simple economic system which had developed, one thing was beginning to bother then more and more; they had no form of money. Barter, the direct exchange of goods for goods, had its drawbacks. The products to be exchanged were not always at hand when a trade was discussed. For example, wood delivered to the farmer in winter could not be paid for in potatoes until six months later.
Sometimes one man might have an article of considerable size which he wished to exchange for a number of smaller articles produced by different men at different times.
All this complicated business and laid a heavy burden on the memory. With a monetary system, however, each one could sell his products to the others for money. With this money he could buy from the others the things he wanted, when he wished and when they were available.
It was agreed that a system of money would indeed be very convenient. But none of them knew how to set up such a system. They knew how to produce true wealth – goods. But how to produce money, the symbol of this wealth, was something quite beyond them. They were ignorant of the origin of money, and needing it they didn’t know how to produce it. Certainly, many men of education would have been in the same boat; all our governments were in that predicament during the ten years prior to the war. The only thing the country lacked at that time was money, and the governments apparently didn’t know what to do to get it.
5. Arrival of a refugee
One evening, when our boys were sitting on the beach going over their problem for the hundredth time, they suddenly saw approaching a small boat with a solitary man at the oars.
They learned that he was the only survivor of a wreck. His name: Oliver.
Delighted to have a new companion, they provided him with the best that they had, and they took him on an inspection tour of the colony.
“Even though we’re lost and cut off from the rest of the world,” they told him, “we haven’t too much to complain about. The earth and the forest are good to us. We lack only one thing — money. That would make it easier for us to exchange our products.”
“Well, you can thank Providence,” replied Oliver, “because I am a banker, and in no time at all, I’ll set up a system of money guaranteed to satisfy you. Then you’ll have everything that people in civilization have.”
A banker!… A BANKER!… An angel coming down out of the clouds couldn’t have inspired more reverence and respect in our men. For, after all, are we not accustomed, we people in civilization, to genuflect before bankers, those men who control the lifeblood of finance?
6. Civilization’s god
“Mr. Oliver, as our banker, your only occupation on this island will be to look after our money; no manual labour.”
“I shall, like every other banker, carry out to complete satisfaction my task of forging the community’s prosperity.”
“Mr. Oliver, we’re going to build you a house that will be in keeping with your dignity as a banker. But in the meantime, do you mind if we lodge you in the building that we use for our get-togethers?”
“That will suit me, my friends. But first of all, unload the boat. There’s paper and a printing press, complete with ink and type, and there’s a little barrel which I exhort you to treat with the greatest care.”
They unloaded everything. The small barrel aroused intense curiosity in our good fellows.
“This barrel,” Oliver announced, “contains a treasure beyond dreams. It is full of… gold!”
Full of gold! The five all but swooned. The god of civilization here on Salvation Island! The yellow god, always hidden, yet terrible in its power, whose presence or absence or slightest caprice could decide the very fate of all the civilized nations!
“Gold! Mr. Oliver, you are indeed a great banker!”
“Oh august majesty! Oh honorable Oliver! Great high priest of the god, gold! Accept our humble homage, and receive our oaths of fidelity!”
“Yes, my friends, gold enough for a continent. But gold is not for circulation. Gold must be hidden. Gold is the soul of healthy money, and the soul is always invisible. But I’ll explain all that when you receive your first supply of money.”
7. The secret burial
Before they went their separate ways for the night, Oliver asked them one last question.
“How much money will you need to begin with in order to facilitate trading?”
They looked at one another, then deferentially towards the banker. After a bit of calculation, and with the advice of the kindly financier, they decided that $200 each would do.
The men parted, exchanging enthusiastic comments. And in spite of the late hour, they spent most of the night lying awake, their imaginations excited by the picture of gold. It was morning before they slept.
As for Oliver, he wasted not a moment. Fatigue was forgotten in the interests of his future as a banker. By dawn’s first light, he dug a pit into which he rolled the barrel. He then filled it in, transplanting a small shrub to the spot about which he carefully arranged sod. It was well hidden.
Then he went to work with his little press to turn out a thousand $1 bills. Watching the clean new banknotes come from his press, the refugee turned banker thought to himself:
“My! How simple it is to make money. All its value comes from the products it will buy. Without produce, these bills are worthless. My five naive customers don’t realize that. They actually think that this new money derives its value from gold! Their very ignorance makes me their master.”
And as evening drew on, the five came to Oliver — on the run.
8. Who owns the new money?
Five bundles of new banknotes were sitting on the table.
“Before distributing the money,” said the banker, “I would like your attention.
“Now, the basis of all money is gold. And the gold stored away in the vault of my bank is my gold. Consequently, the money is my money. Oh! Don’t look so discouraged. I’m going to lend you this money, and you’re going to use it as you see fit. However, you’ll have to pay interest. Considering that money is scarce here, I don’t think 8% is unreasonable.”
“Oh, that’s quite reasonable, Mr. Oliver.”
“One last point, my friends. Business is business, even between pals. Before you get the money, each of you is going to sign a paper. By it you will bind yourselves to pay both interest and capital under penalty of confiscation of property by me. Oh! This is a mere formality. Your property is of no interest to me. I’m satisfied with money. And I feel sure that I’ll get my money, and that you’ll keep your property.”
“That makes sense, Mr. Oliver. We’re going to work harder than ever in order to pay you back.”
“That’s the spirit. And any time you have a problem, you come and see me. Your banker is your best friend. Now here’s two hundred dollars for each one of you.”
And our five brave fellows went away, their hands full of dollar bills, their heads swimming with the ecstasy of having money.
9. A problem in arithmetic
And so Oliver’s money went into circulation on the island. Trade, simplified by money, doubled. Everybody was happy.
And the banker was always greeted with unfailing respect and gratitude.
But now, let’s see… Why does Tom, the prospector, look so grave as he sits busily figuring with a pencil and paper? It is because Tom, like the others, has signed an agreement to repay Oliver, in one year’s time, the $200 plus $16 interest. But Tom has only a few dollars in his pocket, and the date of payment is near.
For a long time he had wrestled with this problem from his own personal point of view, without success. Finally, he looked at it from the angle of the little community as a whole.
“Taking into consideration everyone on the island as a whole,” he mused, “are we capable of meeting our obligations? Oliver turned out a total of $1000. He’s asking in return $1080. But even if we bring him every dollar bill on the island, we’ll still be $80 short. Nobody made the extra $80. We turn out produce, not dollar bills. So Oliver can take over the entire island, since all the inhabitants together can’t pay him back the total amount of the capital and the interest.
“Even if a few, without any thought for the others, were able to do so, those others would fall. And the turn of the first spared would come eventually. The banker will have everything. We’d better hold a meeting right away and decide what to do about it.”
Tom, with his figures in his hand, had no difficulty in proving the situation. All agreed that they had been duped by the kindly banker. They decided upon a meeting at Oliver’s.