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The Truth Is Finally Out: Money Is Just An IOU & The Banks Are Rolling In It

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The things “conspiracy theorists” have been saying for years are coming true one by one. The more recent mainstream topic is the revelation that money is just an IOU. This comes as the Bank of England published a paper called “Money Creation in the Modern Economy” which revealed how our financial system functions and what role money plays.

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Another recent conspiracy theory that was revealed as true involved fluoride, which was classified officially as a neuro-toxin in the world’s longest running and most popular medical journal, The Lancet. This after so-called conspiracy theories had been saying it for decades. It’s important to mention 9/11 has been proven beyond any reasonable doubt that the official story is false. Mainstream ad campaigns have been popping up over cities in North America to raise awareness and hopefully force the US government to re-visit and admit what they’ve been hiding.

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Now sure, not all of this financial system information was hidden completely from the public, but one had to go looking pretty hard to find out that banks are actually operating under behaviour that would be illegal for you and I or that the central banks who lend money to our governments are not actually government run, but instead are private institutions with more power than any government on earth. Yes, these things that were once only said by few and were once laughed at and ridiculed as be conspiracy theories are now becoming very public and mainstream knowledge. The question becomes, when will we the public, realize that we are being enslaved and lied to and choose to do something about this on a mass scale?

The Guardian, a fairly mainstream news and media site, was the first I saw posting about the fact that money is now being publicly called an IOU. This is another positive step forward as we see the awareness of people and the overall consciousness of our planet changing which results in a change in the way we see our world. Amazing times we are living in.

Written by: David Graeber
The Guardian

Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn’t know how banking really works, because if they did, “there’d be a revolution before tomorrow morning”.

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Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called “Money Creation in the Modern Economy“, co-authored by three economists from the Bank’s Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

To get a sense of how radical the Bank’s new position is, consider the conventional view, which continues to be the basis of all respectable debate on public policy. People put their money in banks. Banks then lend that money out at interest – either to consumers, or to entrepreneurs willing to invest it in some profitable enterprise. True, the fractional reserve system does allow banks to lend out considerably more than they hold in reserve, and true, if savings don’t suffice, private banks can seek to borrow more from the central bank.

The central bank can print as much money as it wishes. But it is also careful not to print too much. In fact, we are often told this is why independent central banks exist in the first place. If governments could print money themselves, they would surely put out too much of it, and the resulting inflation would throw the economy into chaos. Institutions such as the Bank of England or US Federal Reserve were created to carefully regulate the money supply to prevent inflation. This is why they are forbidden to directly fund the government, say, by buying treasury bonds, but instead fund private economic activity that the government merely taxes.

It’s this understanding that allows us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say “there’s just not enough money” to fund social programmes, to speak of the immorality of government debt or of public spending “crowding out” the private sector. What the Bank of England admitted this week is that none of this is really true. To quote from its own initial summary: “Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits” … “In normal times, the central bank does not fix the amount of money in circulation, nor is central bank money ‘multiplied up’ into more loans and deposits.”

In other words, everything we know is not just wrong – it’s backwards. When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it. They will never get caught short, for the simple reason that borrowers do not, generally speaking, take the cash and put it under their mattresses; ultimately, any money a bank loans out will just end up back in some bank again. So for the banking system as a whole, every loan just becomes another deposit. What’s more, insofar as banks do need to acquire funds from the central bank, they can borrow as much as they like; all the latter really does is set the rate of interest, the cost of money, not its quantity. Since the beginning of the recession, the US and British central banks have reduced that cost to almost nothing. In fact, with “quantitative easing” they’ve been effectively pumping as much money as they can into the banks, without producing any inflationary effects.

What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow. Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there’s no question of public spending “crowding out” private investment. It’s exactly the opposite.

Why did the Bank of England suddenly admit all this? Well, one reason is because it’s obviously true. The Bank’s job is to actually run the system, and of late, the system has not been running especially well. It’s possible that it decided that maintaining the fantasy-land version of economics that has proved so convenient to the rich is simply a luxury it can no longer afford.

But politically, this is taking an enormous risk. Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.

Historically, the Bank of England has tended to be a bellwether, staking out seeming radical positions that ultimately become new orthodoxies. If that’s what’s happening here, we might soon be in a position to learn if Henry Ford was right.

Source:

http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

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Vancouver Council Votes Against Mandatory Mask Mandate: They’re Not Required

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In Brief

  • The Facts:

    Vancouver, Canada will not have a required mask policy in civic facilities, and instead will simply recommend that people wear them.

  • Reflect On:

    Should governments recommend what they feel we should do and present the science instead of forcing certain measures on the population that many people and health professionals clearly disagree with?

What Happened: The city of Vancouver, British Columbia, Canada will not mandate masks inside city buildings and will “strongly encourage” people to wear them instead. This is a bold move as many cities across the globe have mandatory mask measures in place.

The proposal by Counc. Sarah Kirby-Yung, which would have required masks inside city buildings, was opposed by more than a dozen speakers who pleaded with the city council to vote against it.

“Please consider our forefathers fought for our freedom, and if we release that choice, it’s the first step towards a dictatorship,” said one speaker according to City News. “Masks are used as weapons and they have certainly been used as weapons against me and others to silence and marginalize us and it’s not fair.”

According to Coun. Christine Boyle, public health experts encourage wearing masks, but a mandatory policy is not needed.

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Positive Association Found Amongst COVID Deaths & Flu Shot Rates Worldwide In Elderly

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In Brief

  • The Facts:

    A recently published paper has found a positive association between COVID-19 deaths and influenza vaccination rates in elderly people worldwide.

  • Reflect On:

    Why does vaccine hesitancy continue to grow worldwide? What's going on? What information/factors are contributing to this hesitancy?

What Happened: A recently published study in PeerJ  by Christian Wehenkel, a Professor at Universidad Juárez del Estado de Durango in Mexico, has found a positive association between COVID-19 deaths and influenza vaccination rates in elderly people worldwide.

According to the study, “The results showed a positive association between COVID-19 deaths and IVR (influenza vaccination rate) of people ≥65 years-old. There is a significant increase in COVID-19 deaths from eastern to western regions in the world. Further exploration is needed to explain these findings, and additional work on this line of research may lead to prevention of deaths associated with COVID-19.”

To determine this association, data sets from 39 countries with more than half a million people were analyzed.

The study was published on October 1st, and two weeks later a note from the publisher appeared atop the paper emphasizing that correlation does not equal causation, and that this paper “should not be taken to suggest that receiving the influenza vaccination results in an increased risk of death for an individual with COVID-19 as there may be confounding factors at play.”

The paper provides evidence from others which have recently been published that ponder if the flu shot could increase ones chance of contracting and dying from COVID-19.

For example, this study published in April of 2020, reported a negative correlation between influenza vaccination rates (IVRs) and COVID-19 related mortality and morbidity. Marín-Hernández, Schwartz & Nixon (2020) also showed epidemiological evidence of an association between higher influenza vaccine uptake by elderly people and lower percentage of COVID-19 deaths in Italy, which directly contradicts the author’s own findings and suggests that the flu shot may help prevent COVID-19 related deaths.

He goes on to mention another study:

In a study analyzing 92,664 clinically and molecularly confirmed COVID-19 cases in Brazil, Fink et al. (2020) reported that patients who received a recent flu vaccine experienced on average 17% lower odds of death. Moreover, Pawlowski et al. (2020) analyzed the immunization records of 137,037 individuals who tested positive in a SARS-CoV-2 PCR. They found that polio, Hemophilus influenzae type-B, measles-mumps-rubella, varicella, pneumococcal conjugate (PCV13), geriatric flu, and hepatitis A/hepatitis B (HepA-HepB) vaccines, which had been administered in the past 1, 2, and 5 years, were associated with decreased SARS-CoV-2 infection rates.

So, its important to mention that correlations between the flu vaccine have also found that it may decrease ones chance of deaths from COVID-19.

But are there studies that have shown an increased chance of death or contracting other respiratory viruses as a result of getting the flu shot? Yes.

That’s also discussed in the paper. For example, he mentions a paper published in 2018:

In a study with 6,120 subjects, Wolff (2020) reported that influenza vaccination was significantly associated with a higher risk of some other respiratory diseases, due to virus interference. In a specific examination of non-influenza viruses, the odds of coronavirus infection (but not the COVID-19 virus) in vaccinated individuals were significantly higher, when compared to unvaccinated individuals (odds ratio = 1.36).

The study above found the flu shot to increase the risk of other coronaviruses among those who had been vaccinated for influenza by 36 percent. The study was conducted prior to COVID-19, so it’s not included and only applies to pre-existing coronaviruses. The study also found an even higher chance of contracting human metapneumovirus amongst those who had received the flu shot.

Below are some more studies regarding the flu shot and viral infections that hint to the same idea.

  • 2018 CDC study (Rikin et al 2018) found that flu shots increase the risk of non-flu acute respiratory illnesses (ARIs), including coronavirus, in children.
  • A 2011 Australian study (Kelly et al 2011) found that flu shots doubled the risk for non-flu viral lung infections.
  • 2012 Hong Kong study (Cowling et al 2012) found that flu shots increase the risk for non-flu respiratory infections by 4.4 times.
  • 2017 study (Mawson et al 2017) found vaccinated children were 5.9 times more likely to suffer pneumonia than their unvaccinated peers.

Why This Is Important: We live in an age where vaccinations are heavily marketed. We’ve seen this with the flu shot time and time again and we are also living in an age where a push for more mandated vaccines seems to be growing.

Dr. Peter Doshi is an associate editor at The BMJ (British Medical Journal) and also an assistant professor of pharmaceutical health services research at the University of Maryland School of Pharmacy. He published a paper in The BMJ titled “Influenza: Marketing Vaccines By Marketing Disease.”  In it,  he points out that the CDC pledges “to base all public health decisions on the highest quality of scientific data, openly and objectively derived,” and how this isn’t the case when it comes to the flu vaccine and its marketing. He stresses that “the vaccine may be less beneficial and less safe than has been claimed, and that “the threat of influenza seems to be overstated.”

This is a touchy subject that dives into medical ethics and the connections that big pharmaceutical companies have with our federal health regulatory agencies and health associations. Vaccines are a multi billion dollar industry.

At a recent World Health Organization conference on vaccine safety, it was expressed that vaccine hesitancy is growing at quite a fast pace, especially among doctors who are now becoming hesitant to recommend certain vaccines on the schedule. You can read more about that and find links to the conference here.

We have to ask ourselves, why is this happening? Is it because people and professionals are becoming aware of certain information that warrants the freedom of choice? Should freedom of choice with regards to what we put in our body always remain? Are we really protecting the “herd” by taking these actions?

In a 2014 analysis in the Oregon Law Review by New York University (NYU) legal scholars Mary Holland and Chase E. Zachary (who also has a Princeton-conferred doctorate in chemistry), the authors show that 60 years of compulsory vaccine policies “have not attained herd immunity for any childhood disease.” It is time, they suggest, to cast aside coercion in favor of voluntary choice.

When it comes to the flu shot, I put more information and science as to why so many people seem to refuse it, in this article if interested.

The University of California is currently being sued for mandating the flu shot for all staff, faculty and students. A judge has prevented them from doing so as a result until a decision has been made. You can read more about that here.

In South Korea, 48 people have now died after receiving the flu shot this season causing a lot of controversy. You can read more about that here.

The Takeaway: There are many concerns with vaccines, and vaccine injury is one of them. The National Childhood Vaccine Injury Act has paid more than $4 billion to families of vaccine injured children. A 2010 HHS pilot study by the Federal Agency for Health Care Research (AHCR) found that 1 in every 39 vaccines causes injury, a shocking comparison to the claims from the CDC of 1 in every million.

Should these statistics alone warrant the freedom of choice? Should the government have the ability to force us into measures, or would it simply be better for them to present the science, make recommendations and urge people to follow them? When the citizenry is forced and coerced into certain actions, sometimes under the guise of good-will, there always seems to be a tremendous amount of uproar and people who disagree. Why are these people silenced? Why are they censored? Why are they ridiculed? Why don’t independent health organizations receive the same voice and reach that government and state “owned” or organizations do? What’s going on here? Do we really live in a free, open and transparent world or are we simply subjected to massive amounts of perception manipulation?

When it come to the flu shot there is plenty of information on both sides of the coin that point to its effectiveness, and on the other hand there is information that points to the complete opposite. When something is not 100 percent clear, freedom of choice in all places should always remain, in my opinion.

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Some South Korean Doctors & Politicians Call To Stop Flu Shots After 48 People Die

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In Brief

  • The Facts:

    The number of South Koreans who have died after getting flu shots has risen to 48, but health authorities in South Korea have found no link between the vaccine and the deaths.

  • Reflect On:

    Is the flu shot as safe as it's marketed to be?

What Happened: It’s that time of year and flu shot programs are rolling out across the globe. The number of South Koreans who have died after getting the flu shot has now risen to 48 and some South Korean doctors and politicians have called to stop flu shots as a result, according to Reuters. The Korea Disease Control and Prevention Agency (KDCA) has decided not to stop the program, and that flu vaccines would continue to be given and will reduce the chance of having simultaneous epidemics in the era of COVID-19.

Health authorities in South Korea have explained that they’ve found no direct link between these deaths and the shots. KDCA Director Jeong Eun-kyung said, “After reviewing death cases so far, it is not the time to suspend a flu vaccination programme since vaccination is very crucial this year, considering…the COVID-19 outbreaks.”

According to Reuters, “Some initial autopsy results from the police and the National Forensic Service showed that 13 people died of cardiovascular, cerebrovascular and other disorders not caused by the vaccination.”

The South Korean government is hopeful to vaccinate approximately 30 million of the country’s 54 million people.

Concerns Some People Have With The Flu Shot: One concern many people seem to have is the worry of a severe adverse reaction.

Dr. Alvin Moss, MD and professor at the West Virginia University School of Medicine emphasizes in this video:

The flu vaccine happens to be the vaccine that causes the most injury in this country. The vaccine injury compensation program, 40 percent of all vaccinations in this country are flu shots, but 60 percent of all the compensations are for the flu vaccine. So a disproportionate number of  vaccine related injuries are the flu shot.

Moss is one of many who believe that the flu vaccine is not as effective as it’s been marketed to be. For example,  A study recently published in Global Advances In Health & Medicine titled “Ascorbate as Prophylaxis and Therapy for COVID-19—Update From Shanghai and U.S. Medical Institutions outlines the following:

Recently outlined A recent consensus statement from a group of renowned infectious disease clinicians observed that vaccine programs have proven ill-suited to the fast-changing viruses underlying these illnesses, with efficacy ranging from 19% to 54% in the past few years.

Dr. Peter Doshi is an associate editor at The BMJ (British Medical Journal)  published a paper in The BMJ titled “Influenza: Marketing Vaccines By Marketing Disease.”  In it,  he points out that the CDC pledges “to base all public health decisions on the highest quality of scientific data, openly and objectively derived,” and how this isn’t the case when it comes to the flu vaccine and its marketing. He stresses that “the vaccine may be less beneficial and less safe than has been claimed, and that “the threat of influenza seems to be overstated.”

These are just a few examples out of many claiming that the flu shot has not really been effective, opposing others that claim it is.  Mercury that’s still present in some flu shots also seems to be a concern.

The National Childhood Vaccine Injury Act has paid more than $4 billion to families of vaccine injured children. A 2010 HHS pilot study by the Federal Agency for Health Care Research (AHCR) found that 1 in every 39 vaccines causes injury, a shocking comparison to the claims from the CDC of 1 in every million.

Professor Heidi Larson, a Professor of Anthropology and the Risk and Decision Scientist Director at the Vaccine Confidence Project stated at a World Health Organization (WHO) conference that more doctors are starting to be hesitant when it comes to recommending vaccines.

The other thing that’s a trend, and an issue, is not just confidence in providers but confidence of health care providers, we have a very wobbly health professional frontline that is starting to question vaccines and the safety of vaccines. That’s a huge problem, because to this day any study I’ve seen… still, the most trusted person on any study I’ve seen globally is the health care provider…

This is no secret, and actions against mandates are being taken. The University of California was recently sued for making the flu shot mandatory. That trial will begin soon, and you can read more about it here, and find information regarding the claim that the flu shot can help in the times of COVID-19.

The Takeaway: We are living in an age of extreme censorship of information, no matter how credible or how much evidence is provided, information that goes against the grain always seems to receive a harsh backlash from mainstream media as well as social media outlets. Why is there a digital fact checker patrolling the internet? Should people not have the right to examine information openly and freely and determine for themselves what is and what isn’t?

As far as vaccines are concerned, despite the fact that there are many safety issues the scientific community  is bringing up, a push for vaccine mandates continues and the idea that we are protecting other people is usually the narrative that’s pushed hard. Vaccine skepticism is growing at a fast pace among people of all professions, and people aren’t stupid. There’s a reason why more and more people are starting to question what we’ve been told for years, and those reasons should be acknowledged and openly discussed amongst people on both sides of the coin.

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