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Byron Shire
May 11, 2021

Banks creating credit out of nothing

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Deep listening and housing ideas under Mullum’s fig trees for Renew Fest

Around a hundred presenters, musicians, other artists and community activators plus a bumper crowd of punters all came together under the fig trees at the Mullumbimby Showground over the weekend for Renew Fest 2021.

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Christopher F. McIlrath, Main Arm.  

If we were to see just a little of the big picture we would notice that ‘Humanity’s greatest achievement will be peace’.

Those who strive in that direction may be derided by the ignorant, the idle and the vain but they are undeterred because obvious truth requires activists to be courageous and rise above criticism.

One of those is certainly Dr. Liz Elliott, the author of A New Way Now, a splendid recent book replete with practical local and global solutions,.

For those who have the balls to carve through the vast layers of propaganda brilliantly designed as news, education, politics, economics and the rest of the complete non-sense sold by the military industrial complex as reality, Liz reveals the secret magic by which we are controlled and hypnotized into mental slavery and manipulated into embracing the extinction of any meaningful life on Earth.

Cockroaches and bacteria may survive but humans will not unless we quickly acknowledge the cognitive dissonance we all feel. Truth is far from what is stated by the mainstream media, which also omits love as the currency of happiness or health as wealth.

Several world leaders yesterday (July 1, 2017) in Strasbourg spoke in highly exalted terms about Helmut Kohl and his contribution to the unification of Germany, much of Europe, his honour and legacy to work together for the benefit of mankind.

What these flatterers and the flattered failed to state is that their nations are the world’s largest manufacturers and distributors of industrial killing machines and nuclear weapons.

When the hair-do president of the USA boasts of the latest of a long series of sales of over US$100 billion of weapons of mass destruction to the Middle East do we think this is a contribution to world peace? I still cling to rapidly fading hopes he will do some good and wonder if he really got a Manchurian chip among his hair transplants.

When we see ISIS and the rest of the ‘false flag’ and phony terrorists firing automatic weapons and bringing down planes with heat-seeking missiles where do we think those weapons come from? Do they forge them from rocks on camp fires in the desert?

If you call the Reserve Bank of Australia, as I have done, or any of the world’s central banks they will tell you, ‘There is no limit to the amount of credit the trading banks can create from nothing’.

While studying law at Southern Cross I wrote an assignment titled ‘Banking is Fraud’. The Dean of the Faculty of Law saw the assignment and told me, ‘Yes, banking is fraud’.

An increasing number of people now know that the banks lend money they have keyed up on a computer screen from nothing. This must be stopped if you want the human species to survive.

The person who, some weeks ago in the Echo’s letters to the editor, dismissed Liz Elliott’s book as being utopian – clearly without having read it – may wish to move from Byron Shire to the Gold Coast, thereby increasing the average intelligence of both places.

Yes the ‘old nugget’, as Mungo describes the above quip, emerges again.

 


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