by John Raymond Nolan

Created on: September 24, 2010   Last Updated: September 26, 2010

ECONOMIC PRINCIPLES

That the world monetary system needs to be changed is blatantly obvious to any sane, intelligent, thinking person. We are witnessing the collapse of the entire world economic structure, and there is no escaping this horrendous plunge into chaos, as the tools used to support this corrupt system are now obsolete, rusting and immoral.

We have used, since the beginning of what we call the banking system, a faulty, insidious, intrinsically evil concept of finance, which has given a tiny group of citizens the power to create money, (credit) out of nothing, and loan it to the community, for which the community is charged interest.

Let us first look at how money is created, what it is valued against, and on what basis those, who have illegally claimed ownership of money, have pulled such an amazing swindle without the community, you and I, objecting to and dismantling this cancerous concept of economics.

All money is created as a debt to the community. Whether it be rubles, dollars shekels, yen, it is all created as a debt. This in an idiotic concept and is the reason we are witnessing the implosion of our economy, as we are living in a financial bubble which has recently burst, and we are now in free fall into the pit of recession, depression, total economic destitution.

Let us utilize an economic principle devised by a Scot engineer, C.H. Douglas, who recognized the immoral principle on which our economic system is based and came up with an alternate concept, called Social Credit. (His work is readily available on the internet.)

The formula he developed is simple, far too simple for economists, professors, experts to be able to comprehend, and, although tried and proven to work, in a number of places, has been hoo-haa'ed by the bankers, as it would destroy their cash cow and take the control of the creation of money, (credit) out of the hands of the Rockerfella's, and their greedy, soul less mega wealthy buddies.

The formula is called, by Mr. Douglas, the A.B.A. theory and works thus.

A: represents ALL money which exists in the treasuries, banks, pockets of every citizen of every nation. That means, for the bankers, that every bean is represented there.

B: represents the interest which has to be paid, to the one who loans the money.

Now, logically, if A represents all the money which physically exists, how is it possible to pay interest on the capital, as there is actually no money available to do so, for WE are NOT ALLOWED

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