If you think some of my previous ideas are whoppers, wait til you hear about this one. Yesterday I cleared up some confusion I had experienced in the past. I had grouped both banks and companies that only sell retail goods they dont produce themselves, e.g. Amazon, into the new category of conducer. NewSS has the global government regulating conducers while continental governments regulate business-producers and national governments regulate civilian-consumers. But it has become apparent that the global government should focus only on banks, not corporations that deal with products that have real value. Yesterday I found justification for this decision in the U.S. Constitution. Do banks engage in Commerce? From the Online Etymology Dictionary (one of my bibles): commerce (n.) 1530s, from Middle French commerce (14c.), from Latin commercium trade, trafficking, from com- together (see com-) + merx (genitive mercis) merchandise (see market (n.)). merchandise (n.) mid-13c., trading, commerce; mid-14c., commodities of commerce, wares, articles for sale or trade, from Anglo-French marchaundise, Old French marcheandise goods, merchandise; trade, business (12c.), from marchaunt merchant (see merchant). Are bankers merchants? Now I cant force anyone to accept my definition of merchandise (and therefore commerce), but Im going to define merchandise as goods that have real value. The products of banks are based on symbolic value (e.g. money), future/potential value (e.g. loans), or the value of securitizations of real assets (e.g. derivatives). Securitizations of real assets are not the real assets themselves. Merchandise is produced by business-producers. Bank-conducers lead business-producers and civilian-consumers together. Money is a medium of exchange in these transactions. Goods are end in themselves, not mediums between things. Medium is from the same root as middle. Bankers are middlemen. They conduce, they dont produce. Do you know what this means? The U.S. Constitution does not provide the U.S. government with any legal authority to regulate the overall inner workings of banks. This explains a LOT about the history of banking in the U.S.. The U.S. Constitution is geared towards civilians, not businesses or banks. This explains why current members of Congress are so clueless about what goes on inside banks. National congresspersons arent geared for regulating banks. They should be geared towards promoting the needs of their civilian constituents. The priorities of the current U.S. government have been inverted from what they should be. Banks have top priority, then businesses, then civilians. It should be the other way around. Lets Flip Our Government! When we Flip Our Government, we will take it out of its current mental FOG. The only appearance of the word bank in the Constitution is: To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; Bankruptcies are a temporal phase, not the ongoing operations of a bank. And during bankruptcies, physical assets of the bankruptee are broken down into units and sold to help pay off the bankruptees debts. Value is externalized outward from the bankruptee to others. So if a bank goes bankrupt, its assets come outside of the bank into U.S. territory. The U.S. government has Constitutional jurisdiction over real assets that come out of banks inside U.S. territory. Yesterday I had the initial, vague intuition that all banks in the globe need to be brought into one system, which would be under the regulatory purview of the global government. The deeper implications of this shift hit me this morning. The internal operations of banks do not fall under the jurisdiction of national governments. They are therefore not national activities. They are global activities. The non-physical operations inside of banks, especially their interactions with other banks, are outside of the legal jurisdiction of national governments. Congress has the Power to regulate the Value of Money. It therefore has the right to monitor national Money that exists inside banks. Money is the property of the U.S. government, so it is national property. In NewSS, national Money will only be used for civilian-consumer transactions & accounts. The U.S. Congress will not have jurisdiction over the business-producer accounts in banks. Thats the turf of the North American continental government. I have previously said that national Money will not be allowed to leave the geographic jurisdiction of the nation. But this new insight about banks changes that. This is a whole new way of seeing the world. This issue here is that the vast majority of money in the globe is stored in the form of numbers in computers. The Internet allows these computers to be linked with each other in a global network. Money is symbolic value, it isnt real value. So foreign investors in U.S. national assets, which will be denominated in U.S. national money units, invest in real assets in the United States. These assets are real, so they are inside the geographic boundary of the United States. But the symbolic monetary value of these assets can exist inside a computer & bank account in a foreign nation. If the foreign investor wants to sell his/her assets in order to spend or invest the money in his/her own nation, the assets are sold in exchange for U.S. money since the assets are inside the United States, but to spend this money in a foreign nation they must be exchanged for the money of that nation. Forex. But national monies need to be exchanged via their continental currencies, they cant be exchanged directly with each other. Im in tune with the zeitgeists--here is a blog post at Zero Hedge today: zerohedge/news/2014-03-27/russia-create-own-national-payment-system-bid-reduce-dependence-west I did not know about the Society for Worldwide Interbank Financial Telecommunication (SWIFT) before reading this article. There needs to be one umbrella framework for interbank transactions, which would be managed or regulated by the global government. The current bank sanctions war between the U.S. and Russia is a step towards renationalizing civilian money and differentiating it & civilian banking from continental currency & producer banking. NewSS is a beautiful thing. The differentiation of three Levels of money-value (national Money, continental Currency, & global Bancor) will allow governments to regulate banks via the regulation of their own money-value. National money bank accounts will be kept separate from continental currency bank accounts. Each person & business will have multiple bank accounts within their overall Bank Account. This system gets rid of the need to separate these different types of banks into separate physical banks, which was the solution to the Stock Market Crash of 1929 in the form of the Glass-Steagall Act of 1933. This act separated commercial banking and investment banking into different bank companies & buildings. This act was essentially repealed by the Gramm-Leach-Bliley Act of 1999. Jim Leach was a Representative from my Iowa. Instead of segregating different banking activities by separating them into separate physical banks, the NewSS separates different levels of money-value & the different types of bank accounts associated with them. So a single bank can engage in all these different types of banking, they just need to keep them separated by account & accounting books or columns. The new legal authority for national governments will be based on Congresss Power to the regulate the Value of their own national Money rather than on Congresss Power to regulate Commerce. Wall Street banks have become global banks. Theyre no longer U.S. national banks. Their offices and activities in other nations give them tremendous leverage against the U.S. governments attempts to regulate them. We need a global government that specializes in the regulation of banks. The U.S. national government is being asked to do too much. It cant handle it. It is doing too many things. Excellence Requires Specialization. The current U.S. government is far from excellent. Cullen Roche intuits these new Levels in which Wall Street banks have become Level 6 global banks and are therefore at a higher level than the Level 4 U.S. national central bank, the Federal Reserve, in a post he made yesterday: pragcap/who-is-the-alpha-bank The U.S. Federal Reserve will become a bank within the new global banking system that specializes in the U.S. dollar-denominated financial actitivities of U.S. civilian-consumer citizens. It will be a conducer between the U.S. government and U.S. civilian banks. It will no longer be involved in bank transactions that serve corporation-producers. It will focus only on bank accounts denominated in U.S. national dollars, and it will no longer be concerned with continental currency transactions that are done by business-producers. The North American continental governments central bank will be in Mexico. Fed, your business-producer banking activities are going down (south). Im yellen timber! This will be part of the overall process of downsizing the U.S. national government and upsizing the North American continental government & global government. NewSS is destined, people. The currency created & value-regulated by the North American League of Nations government will be pegged to the price of silver. Its a Silver Peg System (S.P.S.). So when youre near me, darling cant you hear me S. P. S. In 2012 I came across a guy in Mexico who is one of the most prominent individuals in the globe promoting a silver standard for money, Hugo Salinas Price. Haha!: I havent checked in with his website yet this year, and in an interview posted on Jan 24, he said Everything in our modern world is a lie. I have come to this conclusion myself, Hugo my boy. plata.mx/mplata/articulos/articles.asp Cullens latest post is in tune with Ive been saying lately: pragcap/on-the-the-misuse-of-theoretical-models-in-finance-and-economics
Posted on: Thu, 27 Mar 2014 18:55:53 +0000
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