LeTransmuteur.Net

By Andre-Jacques Holbecq

I tried to summarize the essential basis for understanding the origin of more than 90% of the money that feeds the economy (currency not material: writing, computer accounts, etc..). This currency is called scriptural and is "temporary." The remaining 10% is paper money (notes and coins) whose emission is restricted to central banks (ECB, FED, Bank of England ...).

To better understand how is "created" bank money, imagine first that there is no central bank and that there is only one commercial bank.

The original stock of this bank is empty

A client, Company X applies for a loan of € 100 000 for this single bank, which accepts the credit given guarantees of repayment, interest and capital, brought to him by the company X.

By accepting this contract, the bank is satisfied with the amount borrowed on credit account (bank liabilities) of Company X in exchange for the money back guarantee on the dates provided in the contract, as a debt ( the assets of the bank)

The bank's balance sheet becomes:

The double simultaneous inclusion of the same amount of assets and the liabilities of the bank is therefore the act by which it creates money: it is a capacity of extra expenses for the company X without anyone else gives up its purchasing power.

So these are "loans that make deposits" (and not vice versa) and it is the expansion of the assets of the bank which involves that of its liabilities

The outcomes of "non-financial agent" (Company X) is a debt that will be recorded to his credit, but what is important is that Company X will be able to use the amount held in deposit seen as means of payment.

Bank money is ultimately a commercial bank debt circulating, a liability bank accepted as payment method, the point is that this debt is recognized as a true currency. Read the rest of this article ... "

Public announcement GEAB N ° 31 (January 15, 2009)

In 2007, LEAP/E2020 announced that U.S. banks and consumers were both insolvent. There are more than a year, our team estimated that USD 10,000-billion worth in «ghost-assets» would vanish because of the crisis. Both announcements came in complete opposition with the opinion of that time; result has however they proved perfectly justified. According to the same logic, LEAP/E2020 now estimates that the world has entered a new sequence of phase IV of the global systemic crisis (the phase of "settling"), namely the sequence 'global insolvency.

The serious consequences of the global insolvency are anticipated in this issue N ° 31, which this announcement presents an excerpt meant to put clearly what is at stake in this new sequence of the crisis. Also the issue N ° 31 presents the 29 "ups and downs" of 2009 according to LEAP/E2020 team: fifteen upward trends and fourteen downward are all tools of decision support and the analysis to those that the coming year worried or intrigued.

Contrary to what the world's political leaders, like their central bankers seem to think, the liquidity problem they are trying to solve by historic declines in interest rates and unlimited money creation, is not a cause but a consequence of the current crisis. This is indeed a problem of solvency which is "black holes" where liquidities disappear, they are called bank balance sheets (1), household debt (2), corporate bankruptcies or public deficits . With a conservative estimate of "ghost-assets" reaches already USD 30,000-billion (3), our team believes that the world now faces a general insolvency affecting primarily the countries and organizations (public or private) and / or those heavily dependent on financial services. Read the rest of this article ... "

http://nous-les-dieux.org/VIDEOS/ArgentDette1.flv

Money Debt Paul Grignon (52:15)

"The modern banking system manufactures money out of nothing. This process is perhaps the turn of the most amazing dexterity that was ever invented. The bank was conceived in iniquity and was born in sin. Bankers own the Earth. Take them, but leave them the power to create money and hands in no time they will create enough money to buy it back. Remove them this power, and all great fortunes like mine will disappear and it would be beneficial as we would have a better and happier. But if you still want to be slaves of the banks and pay the price of your own slavery, then let bankers continue to create money and control credit. "
Sir Josiah Stamp, Director of the Bank of England 1928-1941 - considered the second capital of England at that time

"Some of the greatest men of the United States in the field of trade and production, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so coherent, so complete, so convincing ... they do well, when they talk, talk quietly. "
Woodrow Wilson, former president of the United States

"Every time a bank makes a loan, a new bank credit is created. Brand new money. "
Graham F. Towers, Governor of the Bank of Canada 1934-1954

"The process by which banks create money is so simple that the mind is disgusted. "
John Kenneth Galbraith, economist

"Give me control over the currency of a nation and I will not have to take care of those who make its laws. "
Meyer Anselm Rothschild, banker

Debt ... Read the rest of this article ... "

by Karl Müller, December 29, 2008.

Presidential campaign and the election of President of the United States Barack Obama led in the world, many people bitterly disappointed by eight years of George W. Government Bush to find two words in Obama's slogans - "change" (change) and "hope" (Hope) - the promise of a better world. Add to this the fact that for the first time in history, an African-American, that is to say a member of a group of people who had been deprived for centuries, introduced himself and was elected.

But these promises be enough to improve the world we live in? Is it not urgent, just weeks before he took office, to mark a pause, look back and honestly ask ourselves what challenges the world will face in the coming months and years ahead. What should be done to make the situation improves?

We can not abandon this important issue to " think tanks "of major powers, parties and" lobbyists "because it is assumed, unfortunately, they are generally less interested than the common good and interests of their sponsors their financiers.

But international law is valid for all and must be respected by all. In this age of weapons of mass destruction nuclear, biological, chemical and other, the reason of the strongest must, at the international level, to the right spot, if not the very existence of humanity is threatened.

War crimes, distress and misery that the world has suffered in recent years on behalf of "democracy" in need of repair that can only succeed if all cultures respect each other. Only on this basis that the peoples of the world can create structures based on equality and in which each nation will be free to organize and develop its economy and culture and to cooperate internationally.

Nobody can or should say that he knows the solution to the problems to be solved, but there are beginning to approach. There are principles for finding a new economic system which, in the context of the current financial crisis, have been proposed in various quarters, such significant savings such as Japan, China and Russia.

In his speech on the state of the nation's Nov. 5, election day for Obama, Russian President Medvedev has shown that the world is no longer willing to accept only one great power determines a single mode life and a single economic system. Early in his speech, he drew a parallel between the war in Georgia, which was imposed on Russia, and the global financial crisis. For Medvedev, it is necessary to create mechanisms to block decisions erroneous, egotistical and sometimes simply dangerous to some members of the international community. Indeed, both the Caucasus crisis that the financial crisis are the result of the policy pursued by the U.S. government based on unilateral decisions and not stand any criticism. Read the rest of this article ... "

TWO YEARS, Americans have heard the " mantra "incessant change from the presidential campaign. But now that the President "elected" (to be confirmed by the Supreme Court of the United States) Barack Obama has begun forming his cabinet, we find that establishes the framework of a " click "more grounded than previous administrations .

In terms of advisors on foreign policy, the three choices of Barack Obama were to be dictated by the Iraq war, or still are, either on the economic front, each person appointée maintains close relations with the triad of Israeli Ben Bernanke , Robert Rubin and Alan Greenspan - not including the engineer of the " bailout " Henry Paulson .
Barack Hussein Obama, who himself is a member of the " Council on Foreign Relations "( CFR ), has close ties with Zbigniew Brzezinski , and participated in a clandestine meeting in the presence of Hillary Clinton in the home of Dianne Feinstein in 2008 while the " Bilderberg Group "met a few miles away.

You will find below an overview of the 14 selections made ​​by Obama at today's date. Considering their collective histories, and their primary affiliations, it seems an obvious thing: change under Obama means that the more things change, the more it gets worse. Read the rest of this article ... "

By Jean-Claude Paye *, December 16, 2008.

In member countries of the former European Union, the Europe of Fifteen, the question of external sovereignty is settled since the end of World War II. Usually occupied by the U.S. military and NATO, these countries have transferred their prerogative of the authorities, to make war and defend them, the U.S. executive branch. The current phase of relations between the EU and the U.S. is unique. It consists in the abandonment of the internal sovereignty of member countries of the EU-27. With the hegemony of U.S. law on European soil, the U.S. executive has direct control over European populations. Through numerous agreements, that sovereignty is legitimized by the Union institutions.

The introduction of internal sovereignty of the U.S. executive branch of the countries of the old continent led to the formation of a new form of state, the establishment of a US-led imperial structure. This is a form of stable organization that differs significantly from the previous situation. In the event that the U.S. had the only external sovereignty of European countries, a backward part or deeper still possible without a social revolution, as evidenced by the withdrawal of France, made by De Gaul, the NATO command. Such a bid for independence from a European constituent power is not even conceivable, if the United States exerts direct control over the populations of the old continent. Read the rest of this article ... "

Birth certificate posted on Obama's site: fightthesmears.com

http://www.letransmuteur.net/wp-content/uploads/obama-certificate-of-birth-is-not-authentic.flv

This video presents an analysis of birth certificate (Certificate Of Live Birth: COLB) Barack Hussein Obama (posted on his website: FightTheSmears.com ) by Dr. Ron Polarik (not his real name and his face is hidden in this video) detailing the factors contributing to its findings to prove that this document is not authentic.

To go further in the future "TSUNAMI WORLD POLITICS" which promises: Read the rest of this article ... "