IMF's epic plan to conjure away debt and dethrone bankers
 

Dominique Strauss-Kahn was dealt with, seems like there are more people at the IMF who will also be on the same hit list. :2 cents:

"So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan."

Full article here http://www.telegraph.co.uk/finance/c...-bankers.html#

"One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined.

The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.

Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.

The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdemain will do the rest. That at least is the argument.

Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world."

Continued http://www.telegraph.co.uk/finance/c...-bankers.html#

Amusing that this is some sort of new concept and not what terrorists like Ron Paul have been saying for years.

True, one man's debt is another man's asset. The Global Mafia keep concepts like this away from us, surprised to see this in the mainstream news

Rothschild mafia must be at war with someone new.