Kingdom for a Banker
"I want to build a throne on a high and cold mountain, surrounded by human fear where rules demand pain." -- Karl Marx
"Is Russia known in the world through the Word of the Lord? No; through the word of the antichrist has it been glorified, and this word has brought death and destruction to a hundred million human souls. Never has the power of Russia been so evident as now, in the ideals of the beast- Satan, who was glorified through this rule. This is the face of Russia since 1919. I am telling you , this is not all Russia. The Russia that we see now is the face of Russia, concealed by the beastly visage of the antichrist and squeezed down by the beastly claws of Satan. But she lives and hopes. She reveres the memory of the large number of men and woman martyred for their faith in Christ, the victims of communism- who unknown by many, suffered for the truth of God. They are the ones who were tortured, and amid suffering, remained faithful to Jesus Christ to the moment of death. They make up the face of the true Russia, the men and women who laid down their lives for the church. From among this immense prayerful choir rises up the voice of the Church of the catacombs that has suffered the most from Godless Russia. This is the martyred church of Ukraine.
There are three representatives of evil who work unanimously together. According to prophecy ,they are united among themselves, but the coming punishment of God is upon them. The antichrist forbids the celebration of holy Sunday. The conscience of men is bound by all sorts of political, economic rape, and enslavement. Russia received its mission according to the secret plans of Satan. This is why Satan will try to restore the power of Russia, that he might continue to do his evil deeds. He shall not succeed in this, however, for the Russia of the devil is ordered by the Lord, and the Russia of God's law is raising itself up to fulfill its mission designated for it by God. Russia is in the power of hell and will want to get even with the Jews and the Christians of the world to further the antichrist. But she will perish on her own evil." mystic Josyp Terelya
Any study of economics must understand the political realities of the world. Political power can not exist without economic power, resulting in a strong union between the political and economic forces within any country. In the words of Meyer Amschel Rothschild, "Permit me to issue and control the money of a nation, and I care not who makes the laws."
The creation and control of money is thus central to political power, and ultimately to the life and freedom of each individual. Under the worlds present financial system, money is created by the issue of a loan at interest by the "bankers", who lend not of their own resources, but by simply creating bookkeeping entry's representing equal amounts of money and loans. This creation of money confers on the borrower the power to purchase a corresponding amount of wealth, which wealth does not belong to them, or the "bankers" whom they borrowed from. Bankers, who have the power to create or destroy money at will, have and can use this power to inflate or deflate as they wish. This has lead to poverty amidst abundance, and can be perverted to allow the human race to be subject to tyranny and exploitation. Financial bubbles are created and destroyed, stripping individuals of their wealth as the bubbles collapse. Nations and individuals remain under bondage to these bankers, paying interest on money created from nothing.
It has been said, that if we fail to learn from history, that we will continue to make the same mistakes as our forefathers. Some students of history maintain, that the 1914-18 war, in which 55 million people died was fought solely in order to establish Communism in Russia. It is claimed that much of the funds used by Trotsky and Lenin came from Jacob Schiff and the Warburg brothers, all of whom were partners in the Wall Street banking firm of Kuhn, Loeb & Co. Some of these same students claim that the war of 1939-1945 was fought to extend Communism to Eastern Europe and China. Aside from the question of who financed Hitler, we must question the motivation of America or a least those in command of America during 1945. In 1945, the United States was the most powerful country in the world, capable of conquering the whole world if it so desired. In 1944, the American generals commanding in Europe wanted to move into Czechoslovakia and on to Berlin which they easily could have done. They would have then been able to liberate Poland and the rest of Eastern Europe. Instead, they were prevented by Eisenhower, who allowed the Russians to take over and occupy Eastern Europe in 1945.
Arthur Bliss Lane was the American Ambassador to Poland in 1945, and seeing all the moves to ensure a Communist government in Poland, wrote the book,"I Saw Poland Betrayed" Eisenhower also condemned over two million refugees, by forcing them into cattle trucks, and sending them back to Russia to meet their death at the hands of the Communists. From December 7,1941 until August 9,1945, Russia took no part in the war on Japan. On August 9,1945, only five days prior to the surrender of the Japanese, Russia declared war on Japan, marched into Manchuria and Northern China and other Japanese strongholds and into Northern Korea. Russia was then able to arm the Communist army's in North China, and spread Communism into China. America had just spent four years in a deadly war to free the Pacific from the Japanese, at the cost of 200,000 American casualties, the loss of much of her navy and air force, and the expenditure of billions of dollars. Russia, which depended on America for two-thirds of their fighting material for the war in Europe, was able to take over Asia without firing a shot. In 1945, America was the most powerful country in the world. The fact that Communism was allowed to spread to vast areas of the world can only mean that this is exactly what was planned.
Coming back to the late 1980's and 1990's, the world has witnessed the creation of vast financial bubbles in most countries in the world. These bubbles have been created with vast sums of debt and leveraged through the mania of derivatives. Derivatives are off balance sheet liabilities of the banks on which they set aside no reserves with the world wide exposure of the banks estimated as high as U.S. $96 TRILLION. The bankers and central bankers of the world have created these vast financial bubbles and now they are systematically popping each one of these bubbles. By insisting on their policies of high interest rates to maintain foreign exchange rates, they are bankrupting highly indebted corporations, individuals and nations. This is resulting in a financial collapse resulting in starvation and suffering to billions of people. In Russia, the forth quarter budget deficit is now estimated at 50% of expenditures or U.S. $3.9 billion. The Russian government has also promised to meet $2 billion in foreign debt payments, bail out collapsed banks, pay off billions in back wages and pensions, and supply food to a starving population. What is worse is that even these dismal projections are highly optimistic, with the collection of taxes and duties being only 15% of the budgeted target for the first half of October. World financial markets felt a few tremors when Russia defaulted on U.S. $10 billion in debt. The default of Russia's $200 billion in foreign debt is now a mathematical certainty, with a resulting tidal wave on world financial markets.
On October 22,1998, PT Astra International announced that it was stopping paying interest on $1.4 billion in group loans , with automobile sales down 90% from year earlier levels. Until this announcement, Astra was the only Indonesian business group maintaining payments on foreign loans. The $80 billion in foreign debt owed by corporate Indonesia has been defaulted. With a massive government deficit, debt owed by the government of Indonesia will also be defaulted once IMF funds stop flowing in.
Pakistan faces a $5 billion balance of payments deficit. With foreign exchange reserves last reported at $670 million, repayment of the official government debt of $30 billion is now impossible. Both corporations and the government of Pakistan are now officially in default of their debt.
Brazil is an over-indebted country that has just suffered a major drop in its terms of trade due to falling commodity prices and deflationary pressures from Asian exporters. This reduces the economy's ability to repay debt, particularly foreign debt. To solve this problem, the government has promised to maintain it's exchange rate, has increased interest rates to 50%, will substantially reduce government spending while increasing taxes. Rational economic theory would be to reduce the exchange rate to reflect the change in the terms of trade and lower interest rates to assist the over-indebted business and government sectors. The present solution sees business facing a major decrease in the price of its products, interest rates of 50%, reduced government demand and higher taxes. This will destroy virtually every business in Brazil resulting in no jobs and the complete default of its debt. Brazil's government deficit currently exceeds 7% of GDP, however, as the governments $290 billion debt gets refinanced at current interest rates, as a best case scenario this will rise to over 16% of GDP. Imports now exceed exports by 4% of GDP and with capital flight out the country now approaching $1 billion per day, Brazil is soon to send a major earthquake unto financial markets. Contrast this analysis with that of Federal Reserve Governor Edward Kelly who on October 29,1998 said," I think that Brazil has every chance of getting through this perilous period that they're in…I am confident that the country is not going to implode."
In Japan, the Long Term Credit Bank of Japan has just been nationalized. Nomura Securities Co. has announced losses for the six months ending September 30,1998 of $1.9 billion, with rumors of even larger losses in October. For the six months ending September 30,1998, Hitachi announced losses of over $1 billion, Toshiba losses of $55 million, and NEC Corp. losses of $208 million. Brokerage company's Daiwa and Nikko announced six-month losses of $38 million and $27 million respectively. Part II of Japan's Big Bang deregulation begins December1, 1998 and by April 1,1999 all brokerage houses in Japan must operate on a segregated account basis. Currently they use depositor's cash for their own purposes, which makes it much easier to deal with their losses.
The Japanese government has just announced a plan totaling $517 billion to shore up it's banking system. Japan's government direct and indirect liabilities exceed 150% of GDP, and when unfunded pension liabilities are included this exceeds 250% of GDP. Many of Japan's local governments have announced that they are now in a period of fiscal crisis. Japan's large government deficit is about to get much larger as tax revenues implode due to an economy in the midst of a severe deflationary contraction. With Japan's banks and insurance company's insolvent, with corporate Japan incurring massive losses, where is the government getting the money to bail out the banks and finance it's massive deficits? Through the creative bookkeeping of modern banking, banks will create new loans with which to purchase these government bonds, the proceeds of which will simply be returned to the banks as increased capital. It accomplishes nothing but creates more leverage on top of more leverage. Even if the Japanese government could find someone to give it $500 billion in real wealth, this amount will prove to be totally inadequate, as the true losses in the Japanese banking system become known. On the same day that Japan's parliament announced the $517 billion bank bailout, they also approved taking over $200 billion in debt left over from Japan National Railways, as they avoid all losses and pile debt upon debt.
Rumors of funding difficulties in the interbank market have spread to U.S. banks in recent weeks, due in part to massive losses amongst hedge funds including LTCM, Tiger Management and DE Shaw. We have witnessed two decreases in U.S. lending rates and an 18% decrease in the U.S. dollar on October7-9, 1998. These are the initial tremors to U.S. financial markets, which will continue to gather strength as Russian debts are written off and Brazil and Japan implode.
Despite the problems now facing world financial markets, we must not loose site of many of the strengths that the world community has developed. Indeed, as simply as our financial problems have been created, they can also be solved if only we concentrate on the real solution. The ability of the world to produce food, goods, and services has grown substantially over the last many years. Why then are hundreds of millions of people going hungry, with world economy's imploding? What would happen if tomorrow, the debt of every person, every company, and every nation in the world were illiminated? What if the nations of the world printed up sufficient money to pay off every loan in existence? Unburdened by the chains of debt, the world would enter a period of economic growth unparalleled in history. We must remember that there is a difference between the real economy (the production of food, goods, and services) and the financial world. The financial world must never be allowed to dominate and control the real economy. The financial world must only be used to inhance the real economy. In order to save our real economy, our present financial world must be destroyed. Should nations repay all loans with newly printed money, the balance sheets of the world's banks would not change. Instead of loans for assets, banks would hold notes, which they could return to depositors as required. However, notes do not pay interest, and banks would no longer profit from something created from nothing. In addition, banks would no longer be able to create money, with lending restricted to resources that were owned. Stripped of their power to create money, and earn interest on these loans, the economic power, and hence the political power of these bankers would cease. In an instant, the power behind those that would dominate the world would be destroyed.
These are powerful people, the ones that control the banks, the media, and the governments. They are not going to loose their ability to issue and control the money of the world without a struggle. However, if we are to save our world from tyranny and oppression, debts must be illiminated, nations must take back the issue and control of money, and the power of the bankers must be destroyed. We can not look to our present leaders to do this, for it is the interest of the bankers that they serve, which is clearly shown by they're daily actions. One can only ask if mankind is capable of seeing through the illusions of the bankers.
In attempting to understand the political and economic events now unfolding in the world, I am reminded of an amazing prophecy given on July 13,1917 in Fatima, Portugal. Three small children in an apparition of the Blessed Virgin Mary were given the following prophecy, "You have seen hell where poor sinners go. To save them, God wishes to establish in the world devotion to my Immaculate Heart. If what I say to you is done, many souls will be saved and there will be peace in the world. The war will end but, unless people cease to offend God, another, even worse, will begin...When you see the night lit up by an unknown light, then know that it is the great signal that God gives you that he is about to let mankind to choose punishment for its crimes by war, hunger, persecution of the church and the Holy Father. To prevent this, I shall ask for the consecration of Russia to my Immaculate Heart and a Communion of reparation on the first Saturday of each month. If my appeal is heard, Russia will be converted, and their will be peace. Otherwise, its errors will spread about the world, promoting wars and the persecution of the Church. The good will suffer martyrdom. The Holy Father will suffer grievously. Several nations will be annihilated. Finally my Immaculate Heart will triumph. The Holy Father will consecrate Russia to me and the earth shall enjoy a period of peace. In Portugal, the faith shall always be maintained."
These small children prophesied the end of the First World War, the start of the Second World War, and the rise of Russia as an instrument of death and destruction. Less than four months after this prophecy was given, the Bolshevik's take over Russia creating death and destruction unmatched in history. Some of the prophecy continues to unfold including a third prophecy, which has never been disclosed. We were told that several nations would be annihilated, a reminder of which Mother Teresa of Calcutta gave when she said, "The fruit of abortion is nuclear war."
One can not say for certain what the future holds, we can only be guided by history and listen to the prophets. What is for certain is that bankers have created a massive financial bubble, which they are now deflating. If we do not destroy their financial system, they will destroy the real economy bringing death and suffering to billions of people. This is for certain, this much is mathematical. Prophets such as Josyp Terelya tell us that they will again use Russia in their quest for world domination. Will the conflict in Kosovo be used to draw Russia and America into a much larger conflict? The economic collapse that has been engineered by the world's bankers is not about economics; it is about politics, the politics of world domination. Wars are created to introduce trauma and instability from which political power is obtained. The next move of the bankers will be the take over of America. Will America wake up in time to stop the evil that will consume it? Can not people view this simple financial fraud?
"Permit me to issue and control the money of a nation, and I care not who makes the laws." -- Meyer Amschel Rothschild
John Kutyn
6 November 1998
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