The Unholy Alliance
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....A ploy is used because it promotes their particular agenda in a clandestine manner.
Some call it deception by illusion or appearance, as things are not always as they so appear to be.
Moreover, given the fact that monetary nationalism exists, and that there may be a resulting resurgence in such belief, neither issue, when coupled with the advent of globalization, has been shown to be the precipitating cause of financial crises or geopolitical problems.
There is a problem with the world’s currencies – granted, but it has nothing to do with being national currencies per se. It has everything to do with the nature or composition of the currencies – the fact that they are all paper fiat debt-currencies, therein resides the flaw – the weak link.
That they are no longer redeemable in gold and silver was the kiss of death to all the world’s national currencies, not the mere name of the nation from which they came, although this too has its part in the play.
It is also incorrect to equate nationalism with the severing of paper money from gold backing. National currencies existed prior to the end of the gold standard. Examples are: the German Mark, the British Pound, the U.S. Dollar, the French Franc, the Austrian Ducat, and the Spanish Silver Dollar.
When gold and silver ceased to back national currencies, a devastating loss to the value of money occurred. The purchasing power of money began to steadily decline. This is known as debasement or devaluation of a currency. It was the main cause in the devolutionary process that purposefully gave rise to paper fiat debt-money.
But this is only part of the tale. The key to the story is the fact that currencies were at one time gold and silver coin – not backed by them – they were them.
As you will see in the quotes from the U.S. Constitution below, the U.S. Dollar is a specific weight of silver: 371.25 grains – the Silver Dollar.
And just who was responsible for breaking away from the hard currency of silver and gold coin, as mandated in the U.S. Constitution, and later from what came to be known as the gold standard? Was it the government or the banker’s doing?
Who pushed for central banking – governments or the elite international bankers?
Who wrote the U.S. Federal Reserve Act – Paul Warburg of the German international banking House of Warburg, or the U.S. government?
Who wrote the by-laws of the International Monetary Fund, one of which disallows and prohibits any member nation from having a currency backed by gold; was it a government or a group of elite international collectivists?
And this holds true for all the central banks around the world, all of whom were established by various elite international banking houses. Cui Bono? 
The last paper in our series on the New World Order, The New World Order and The Constitution of the United States, shows that the International Monetary Fund is an enabler for the continuation of the present day paper fiat system of irredeemable debt-money, as one of its by-laws states that no member of the IMF can have a gold backed currency.
As the above referenced paper illustrates, the IMF does dictate draconian measures that financially strapped countries find austere, if not impossible to meet. We agree completely with Mr. Stiglitz when he says:
“Countries are effectively told that if they don't follow certain conditions, the capital markets or the IMF will refuse to lend them money, they are basically forced to give up part of their sovereignty.”
After extolling the virtues of gold as a sound medium of exchange, suddenly paper fiat is tossed back upon center stage. It is difficult to apprehend the reason and motive here: is it the inability to make a definitive final decision between the two, or perhaps gold was only mentioned to make it appear that a level playing field was being offered, while the real goal had always been a trilateral regional currency system – the forerunner of a one world currency of paper fiat debt-money
“It is only since 1971, when President Richard Nixon formally untethered the dollar from gold that monies flowing around the globe have ceased to be claims on anything real. All the world's currencies are now pure manifestations of sovereignty conjured by governments. And the vast majority of such monies are unwanted: people are unwilling to hold them as wealth, something that will buy in the future at least what it did in the past. Governments can force their citizens to hold national money by requiring its use in transactions with the state, but foreigners, who are not thus compelled, will choose not to do so.”
How can debt be used to pay off debt? It is beyond absurd.
The Mandrake System
As it now stands, the Federal Reserve creates money out of thin air – this is the meaning of fiat: spoken into existence. The illusion used to try to obfuscate the sinister deed is that the Treasury first issues bonds that are then sold to the Fed.
The Fed takes newly created dollars (by writing a check for the dollars that do not exist anywhere in their own accounts in any real sense but only as computer entries) and uses them in payment for the Treasury bonds.
The government takes the newly created fiat dollars (Fed’s check or digital computer entries) received as payment for the bonds from the Fed to the Treasury, and places (deposits) them in the U.S. general account. They are then used to pay for various services and goods the government procures.
The vendors and workers that receive these dollars in payment from the government then take the money and deposit it into their individual commercial bank accounts.
The commercial banks, through the miracle of fractional reserve lending, begin the process of loaning out 9 times the money deposited on reserve by the commercial customers, who received the money from the government, who in turn received it from the Fed, who in turn created it out of nothing – by simply writing a check to the Treasury.
Now you know why Mr. Polyani and Mr. Reuff thought the scheme to be a bit far fetched and nonsensical – one that any sane, rational human being would be unable to make any sense of: cents yes – sense no. It is a most unholy alliance. 
Conclusion:
No monetary system that allows the national debt to circulate as the currency has any possible chance of succeeding except in its own self-destruction.
Inflation is inherent within its genetic makeup, forever doomed to a never-ending cycle of ever-increasing money, credit, and debt creation.
Debt cannot pay off debt. A system that allows this sophistry to exist is simply creating more and more debt – debt that our sons and daughters and their sons and daughter will be servicing (paying the interest on) long into the future – never mind ever paying the debt off.
Debt payment is a mathematical impossibility. The servicing of the debt is a pernicious form of prostitution, whereby the future is sold for the present – our son’s and daughter’s future, condemning them to a life of debt servitude.
Only the elite at the top of the food chain profit by such a system of wealth transference – they who collect the interest rate stream – the moneychangers Christ turned the tables on.
By Douglas V. Gnazzo
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