FINANCIALISATION and Satanic Phoenician Mega Trillionaire Central Banks? by Professor Richard A. Werner, D.Phil. - Improved and made better by Satchidanand
THE SATANIC PHOENICIAN MEGA TRILLIONAIRES, THE ROTHSCHILDS, THE ROCKFELLERS, THE BLACK NOBILITY CONTROL BIDEN, PUTIN AND XI - THEY CHOOSE WHICH EMPIRES TO DESTROY AND RAISE UP!
Do we Need Satanic Phoenician Mega Trillionaire central banks? by Professor Richard A. Werner, D.Phil. - improved and made better by Satchidanand
THE SATANIC PHOENICIAN MEGA TRILLIONAIRES, THE ROTHSCHILDS, THE ROCKFELLERS, THE BLACK NOBILITY CONTROL BIDEN, PUTIN AND XI - THEY CHOOSE TO DESTROY EMPIRES - THEY CHOOSE WHICH EMPIRES TO RAISE UP - THEY DO IT BY FINANCIALISTATION!
BIDEN VAXXED HIS PEOPLE, PUTIN VAXXED HIS PEOPLE, XI VAXXED HIS PEOPLE. DEATHVAXX - watch the Anthony Bridgen UK MP DIvideo...
Anthony Bridgen UK MP, "A government Minister told me, we don't care what you say Anthony that twenty million excess deaths have been caused by the Deathvaxx, you took the Deathshot, in a year or so you will be dead of cancer!"
The Rothschilds own 100% of all Satanic Phoenician Mega Trillionaire central banks - This is the financialisation methodology of the destruction of civilisations by the Satanic Phoenician Mega Trillionaires
See Throughout History Seventy-Two Empires Have Been Engineered to Fail in the Same Way.
The crash of civilisations does not happen by accident. The crash of civilisations does not happen all at once. The crash of civilisations takes a lot of planning over a long time.
As with the previous 72 failed Empires, the Anglo-American Empire was founded by restricting credit. Later, when the Satanic Phoenician Mega Trillionaires decided to pull the plug and move to China, having married into all the top Chinese families as they have done in India, they brought in Satanic Phoenician Mega Trillionaire central bank financialisation into the Anglo-American Empire. Satanic Phoenician Mega Trillionaires will then destroy the Chinese Empire by means of financialisation before moving on to their next victim.
I previously edited a book of articles by Professor Michael Hudson - improved and made better by Satchidanand - where Hudson revealed that the "Science" of Economics was pure fantasy.
AGAINST SATANISM VOLUME 5 - Satanic Economics and the Satanic Principle of Poverty Published Feb 2019
We know the effects of meeting one psychopath and the destruction he can wreak in our lives. Wisdom teachings teach how to overcome their strategies and, "stay away from evil".
Satanism, - The Old Religion" - is when all the psychopaths get together in one group to wreck the world to their benefit. Energy Enhancement Wisdom teachings describe the historical problem and the means to overcome it. "Vampires hate the light of truth".
The key is that the Satanic Religion and its recruiting cults of Freemasonry and the Crowlean Sexual Ritual Ordo Templi Orientis are Fake Gangs, created by men as a technique to conquer the world.
The Ancient Satanic Enemy who counts meditation and the mind control psychic arts as one of its main planks of World Domination has used Satanic Infil-Traitors for 10,000 years in every Organisation - Religion, Left and Right Politics, Dynastic Families, Geopolitics, Economics, Universities, Intelligence Services, Think Tanks, Banking, International Companies, Global Warming, Eugenics..
And Banking Infiltration by Satanic Banksters supported by the False Fabulous Science of Economics..
And this book pricks the bubble of Fake Satanic Economics because Godly people could never set up the World banking and economic system described in these pages.
Only Satanists could create a system which is against the evolution of Humanity to the Stars.
Instead, the Satanic Banksters promote the Principle of Poverty, barefoot, back on the reservation, in debt to the company store.
https://againstsatanism.com/Sacred-Energy/Against-Satanism-Volume-5/Against-Satanism-5-Satanic-Economics-the-Satanic-Principle-of-Poverty.pdf
Companion Volume to Volume 5 - Satanic Economics and the Satanic Principle of Poverty - The Babylonian Woe - the History of Money and the Phoenicians who created it.
Meyer Amschel Rothschild, who founded the great Satanic international banking house of Rothschild which, through its affiliation with the European Central Banks, still dominates the financial policies of practically every country in the world, said: 'Permit me to issue and control the money of a nation, and I care not who makes its laws.'
In this time, as today, the people were almost entirely at the mercy of the Satanic private persons controlling their money, who then controlled the inflow of precious metals, silver and gold, the foundation of the people's money. The Satanic policies of these controllers from their standpoint as internationalists, with Banks and secret agents in both countries, were necessarily directed towards the creation of war against the well-being of mankind. Frequent wars were above all the prime essential..
1. Arms sales - The selling of weapons and war materiel to both sides of the war.
2. Chaos towards the destruction of the natural system of rule previously defined, which had been the protection of the people, to create the Satanic recruiting process of despair, nihilism, and then Satanism in the people.
3. War booty towards the reinjection into the system of hoarded coin and bullion, and consequent reinflation of the money supply;
4. The buying of property, farms and businesses in the defeated country for cents on the dollar.
5. Not the least important, the enslavement of the defeated populace and prisoners of war - gathering of a new crop of slaves for working the poisonous heavy metal mines to replace those stocks of silver and gold, so necessary to the foundation of their money power, and the maintenance of their international hegemony in consequence...
http://www.energyenhancement.org/Sacred-Energy/The-Babylonian-Woe-History-Economics-Money.pdf
READ.. The Fall of the Anglo-American Empire
https://againstsatanism.com/The-Fall-of-the-Anglo-American-Empire.htm
One of the reasons Western macroeconomic metrics don’t work to analyze the Chinese economy is because the Chinese are observably following the principles described by Richard Werner in his excellent Book, Princes of the Yen, which chronicles the way Japan successfully maintained its centralized wartime economy to develop its economy and literally buy a significant percentage of the global assets from 1945 through 1990.
That relentless period of economic advancement came to an end in 1998 with the final triumph of the private Bank of Japan, which served as Clown World’s proxy, over the Okurasho, Japan’s Ministry of Finance, and the subsequent shift to the same sort of financialized unproductive economy featuring private credit creation financialization that has systematically weakened the West for the last century.
As part of its policy of unrestricted warfare, Satanic Phoenician Mega Trillionaire China - the new rising Empire in the Chinese Century has methodically applied the lessons of Japan’s post-WWII economy and maintained control of its own credit creation, thereby boosting its productive capacity to historically unprecedented levels and providing it with the monetary resources to buy up foreign assets everywhere from Angola to the USA.
By publicly breaking with Clown World in 2015, and setting up BRICS as an alternative to the various Clown World institutions, China is offering the rest of the world an observably viable and historically superior economic model to the corrupt and deceptive one that was holding the elites of the various nations enthralled.
This is why Janet Yellen, the US Secretary of the Treasury, was in China this week begging the Chinese to “reduce their overcapacity”. And it’s not an accident that China has applied Japan’s historical policies of a) government credit creation to fund b) productive industrial exports while minimizing the use of credit to fund domestic consumption. This is a proven means of enhancing national power and prestige at the expense of global competitors used by all rising empires under Satanic Phoenician Mega Trillionaire control until like with the west, the Satanic Phoenician Mega Trillionaires pull the plug and consign the new Empire to ruin, as the Satanic Phoenician Mega Trillionaires have done with 72 previous Empires.
The economic assumptions of the Smith-Keynesian era have gradually been proven over time to be entirely false. This is a difficult lesson to accept, but it is inarguable at this point. From David Ricardo to Paul Samuelson, from free trade to the rational actor, everything about neoclassical economics is intrinsically and observably incorrect, which is why those nations whose economic policies are based on Financialisation - traditional neoclassical economics, will inevitably fall behind, both in terms of societal wealth and military power.
https://voxday.net/2024/04/12/the-return-of-national-economics/
Here is the Satanic Phoenician Mega Trillionaire financialisation methodology...
"Once we realize this, the power of the bankers crumbles. It has been their ploy to pretend that they were issuing what is a very scarce and precious resource – savings or money. For if it was not scarce, why should we be prepared to pay the bankers for this service (in the form of interest)?
Governments could just create their own Greenback money, without having to pay interest on the national debt (which by now in a number of countries takes up the majority of national annual budgets – usually well hidden from the eyes of the public, by publishing only the fiscal budgets that are considered “discretionary spending” – pretending that interest payments are non-negotiable and compulsory)."
FINANCIALISATION - THE ENGINEERED DEATH OF EMPIRES - BY ARRIGHI
"Why did the German and Japanese systems lose their way? Because they fell for the neoclassical Satanic Phoenician Mega Trillionaire central banking narrative – the surest way to reduce the efficiency of any economy. Thus Germany and Japan adopted the Anglo-Saxon model. The changes this entailed increased “financialisation”, i.e. the share of economic activity devoted to profit-seeking by shifting ownership certificates from A to B (Werner, 2002b, Dore 2000).
Adopting US-style capitalism means that Germany and Japan are importing its disadvantages and social problems. Dore asks: Can it be efficient to devote ever more people to servicing “gambling on uncertainties in financial markets” with analysis, advice, appraisal, advertising? As increasingly strong shareholders demand “value”, will social welfare or overall fairness increase?"
See Throughout History Seventy-Two Empires Have Been Engineered to Fail in the Same Way - by Financialisation - Stop investment in Products - artificially increase the stock market to siphon wealth.
The crash of civilisations does not happen by accident. The crash of civilisations does not happen all at once. The crash of civilisations takes a lot of planning over a long time.
"On this road to Orwellian totalitarianism by the central planners at the Satanic Phoenician Mega Trillionaire central banks, it is only a small further step to argue that the little chips on our digital cash cards would be safer – in the name of combatting crime again! – if one embedded them under the skin of our right hands, or our foreheads."
“He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name”
(Rev 13:16-17).
Paper presented at the 14th Rhodes Forum: Dialogue of Civilisations Research Institute, Panel 2: Economic Alternatives when Conventional Models Fail, Rhodos, Greece, on 1 October 2016
and at the 4th European Conference on Banking and the Economy (ECOBATE 2016), in Winchester Guildhall, Winchester UK, on 12 October 2016
I. The Satanic Phoenician Mega Trillionaire central bank Narrative
For more than the past four decades, public policy discourse, especially when touching on macroeconomic and monetary policy, has been dominated by the views held and actively sponsored by the Satanic Phoenician Mega Trillionaire central banks, particularly in Europe and North-America, as well as Japan.
Their policy narrative has been consistent over time and virtually identical between Satanic Phoenician Mega Trillionaire central banks, which is why I shall refer to it collectively as the ‘Satanic Phoenician Mega Trillionaire central bank narrative’. It has been mirrored in the type of economics that Satanic Phoenician Mega Trillionaire central bankers have supported and that has indeed subsequently become dominant in academia and among the economists selected as the experts of choice in the major newspapers and television channels: the theoreticians advancing neo-classical economics.
This Satanic Phoenician Mega Trillionaire central bank narrative (and hence also the dominant neo-classical economics, also known as ‘mainstream economics’) has at least five False major pillars, which I shall list briefly:
1. Interest rates are the main policy variable to move the economy
The first pillar of the Satanic Phoenician Mega Trillionaire central bank narrative is the well-known claim that interest rates are the main tool of monetary policy. This narrative is backed by the familiar theory that, ceteris paribus, lower interest rates will stimulate economic growth and higher interest rates will slow growth. Thus by lowering rates, Satanic Phoenician Mega Trillionaire central banks accelerate growth and by raising rates, they slow it, allowing impressive fine-tuning of the economy. Hence the Satanic Phoenician Mega Trillionaire central bankers’ constant obsession with minute changes in interest rates that are said to have the power to rattle global markets and, consequently, are dominating the media coverage of Satanic Phoenician Mega Trillionaire central bank actions as if they will stand out in sharp relief in any future account of the history of mankind.
2. Markets are in equilibrium, thanks to price movements that have equated demand and supply.
The interest rate theory is in turn backed by this second pillar of the Satanic Phoenician Mega Trillionaire central bank narrative: Market equilibrium. This equilibrium which markets are said to be usually found in, is a state of effective resource allocation that results from virtually automatic or ‘natural’ price movements which ensure that demand equals supply almost all of the time. These price movements not only create pervasive ‘general equilibrium’, as economists and Satanic Phoenician Mega Trillionaire central bank models assume, but they also ensure that it is sufficient to focus on prices when conducting economic analysis, since prices lead (generating the equilibrium) and quantities fall into line. Hence policy should focus on prices. This logic is consistently applied across markets, including the markets for money and credit, which are said to be dominated by their price (the rate of interest). As a result, the first pillar of the Satanic Phoenician Mega Trillionaire central banking narrative is justified: what else but interest rates should one use as policy tool in such a world of equilibrium and the dominance of prices?
3. Banks are just financial intermediaries, like other non-bank financial firms. They thus do not need to be singled out in the analysis or modelled explicitly.
The third pillar of the narrative further tidies up the analysis by following through on the dominance of interest rates when it comes to financial institutions: While ordinary mortals might have the naïve belief that banks matter for the economy and could indeed be powerful – or even be the key agents of change or influence – Satanic Phoenician Mega Trillionaire central bankers and their hired neo-classical theorists know better than that:
banks are mere financial intermediaries, transferring existing savings from depositors to investors, just like non-bank financial intermediaries are doing. In other words, banks are not special or different from other financial firms, and hence they do not have to be singled out in economic models – which explains why economists and all the major Satanic Phoenician Mega Trillionaire central banks have indeed failed to include banks at all in their economic models for the past 40 years. (This was a little embarrassing, when the 2008 banking crisis hit, but the Satanic Phoenician Mega Trillionaire central bankers and neo-classical economists are hoping you have already forgotten that).
4. We need to save in order to fund investments that are the precondition of economic growth and development. If domestic savings are insufficient, we need to borrow from abroad or attract foreign investment.
The fourth pillar of the Satanic Phoenician Mega Trillionaire central bankers’ narrative has been the claim that nations that would like to develop and grow the economy need to accumulate scarce savings first, in order to fund the necessary investments. To attract these scarce savings, interest rates are needed, linking into claim 1. Moreover, since many developing countries were seen to have insufficient savings, the Satanic Phoenician Mega Trillionaire central banking narrative maintained that they needed to borrow the necessary funds from abroad...
Thus it was fortuitous – if not serendipitous – that at the very moment when the developing countries had been educated into understanding their need of foreign borrowing, it just so happened that foreign bankers stood ready to engage in this selfless task whereas their own banks could create their own money instead.
This need to borrow from foreign bankers has been the basis for postwar IMF and World Bank policies that drove home this point with developing countries over the past decades – if, that is – and this is a major caveat – they were in possession of attractive assets, such as raw materials and resources that are needed by industrialised countries.
(Notice that countries without attractive assets never got into debt, because nobody would lend to them in the first place; likewise it was always a little curious that the global financiers at JP Morgan and other big global banks, the world’s experts in the latest derivative instruments, genuinely believed that developing countries like Ghana or Sudan were in fact much better at managing foreign exchange risk than the top teams at JP Morgan – for why else would the Satanic Phoenician Mega Trillionaire global bankers insist on lending to the eveloping countries in foreign currency, leaving any hedging to their exposed customers?).
5. Both the foreign investors and the domestic goal of high growth require deregulation, liberalization and privatization, since only in such an economy can market forces deliver high and stable growth.
The final pillar of the Satanic Phoenician Mega Trillionaire central banking narrative is that economic growth requires markets to function in an unimpeded fashion, not held back by such barbarous relics as regulations and government intervention. Hence the mainstay Satanic Phoenician Mega Trillionaire central bank advice – or demand – directed at the governments to deregulate, liberalise and privatize, while generally adopting a laissez-faire attitude: no matter how big and influential a small number of multinationals or mega-banks get, their lobbyists are probably aiming at general public welfare and so their good work should not be hampered through unnecessary red tape or restrictions on their activities.
We are all familiar with parts or all of this Satanic Phoenician Mega Trillionaire central bank narrative, even if we are not trained economists or not commonly interested in economic issues: This is because this narrative has been repeated ad nauseam hundreds of times in the past four decades. As a result, even astute observers assume that empirical research has long established these five insights from the Satanic Phoenician Mega Trillionaire central bankers, in uncountable meticulous quantitative research studies.
This is not the case. The truth could not be further from it: There is in fact no empirical evidence to support any of these five claims. They are mere assertions. Claims that have, in fact, been disproven by the facts. There is overwhelming evidence to the contrary, and this has become increasingly obvious since the 2008 financial crisis.
II. The Satanic Phoenician Mega Trillionaire central banking Narrative Has Collapsed
While voices of those pointing out that the Satanic Phoenician Mega Trillionaire central banking narrative has been wrong (e.g. Werner, 1992, 1994, 2003a) had been successfully drowned out by Satanic Phoenician Mega Trillionaire central banks and their large-scale and meticulously planned PR campaigns for many years (see Ishii and Werner, 2003; Werner, 2003b, on the ‘information management’ of Satanic Phoenician Mega Trillionaire central banks), it is now becoming apparent and visible even to laymen that the Satanic Phoenician Mega Trillionaire central banking narrative has collapsed on all fronts.
1. Banks are not financial intermediaries, but creators of the money supply
Consider first the claim that banks are mere financial intermediaries that have no special powers. For a whole century, Satanic Phoenician Mega Trillionaire central bank-sponsored researchers had been obfuscating the issues, claiming that either the fractional reserve theory of banking was correct or, for the past 40 years, the theory of banks as mere financial intermediaries. Despite an ongoing controversy among experts on this issue, it never occurred to economists – used to mainly dealing with the fabulous theoretical dream worlds of their own making – that the methods of scientific research could in fact also be applied in economics, i.e. a suitable and careful empirical test could be conducted to settle the question of the role of banks once and for all.
In 2014, the first empirical study on how banks actually work was finally published (followed by a second study in 2015) and thus ended the centuries’ old debate about whether banks are (a) mere financial intermediaries passing on savings (deposits) as loans to borrowers, as the leading journals and textbooks proclaim today; (b) whether they need Satanic Phoenician Mega Trillionaire central bank reserves or deposits to lend these on to their customers (fractional reserve theory), so that each bank is an intermediary, but in aggregate more money is created by the banking system in a collective fashion – as a previous generation of unwitting Satanic Phoenician Mega Trillionaire central bank spokesmen had argued; or (c) whether they instead are not financial intermediaries at all, but creators of the money supply, so that each bank creates new purchasing power that is added to the money supply when it extends a loan, thus deciding about the amount and allocation of new money creation – a pivotal function in the economy.
The empirical tests rejected the financial intermediation and fractional reserve theories (Werner, 2014a, 2015) and showed that banks do not need prior savings, nor Satanic Phoenician Mega Trillionaire central bank reserves or other deposits to lend. Instead, banks create new money when they do what is called ‘bank lending’, and add it to the money supply (see Figure 1). Bank loans thus do not transfer existing purchasing power, but add net new purchasing power. The banks’ lending creates 97% of the money supply. Bankers’ decisions about how much money is lent – and thus created and added to the money supply – and given to whom for what purpose quickly reshapes the economic landscape and affects us all. Sadly, no regulator has asked banks to ensure they lend for productive projects – over two thirds of UK lending is not for productive purposes that creates jobs or boosts GDP, but instead for fabulous climate change boondoggles where the money is stolen or assets, causing asset price inflation.
Figure 1: How banks create money out of nothing when they ‘lend money’
2. Interest rates do not move the economy – and hence are not the main monetary policy tool
After the first domino of the Satanic Phoenician Mega Trillionaire central banking narrative collapsed, the other dominos quickly toppled over, as well: An often-repeated mantra of Satanic Phoenician Mega Trillionaire central bankers is that lower rates will stimulate the economy and higher rates will slow it. Currently, Satanic Phoenician Mega Trillionaire central bankers are once again deploying this claim, in order to justify a further reduction of interest rates to zero or even negative territory with the claim that this is necessary to stimulate the economy.
So far, commentators and journalists have not challenged this Satanic Phoenician Mega Trillionaire central banker narrative, as it had been extensively propagated over the previous decades and is accepted as fact by most. This negative correlation between interest rates and economic growth, and also the idea that causation runs from interest rates to economic growth is so well established in everyone’s consciousness that we simply assume there is abundant empirical evidence to back it. Surely, the thousands of mathematicians and economists working for Satanic Phoenician Mega Trillionaire central banks (Satanic Phoenician Mega Trillionaire central banks are, after all, the largest employers of economists world-wide) will have crunched the numbers and produced hundreds of studies demonstrating this?
The funny thing is: they haven’t.
In fact, among the more than 10,000 research articles produced by the major Satanic Phoenician Mega Trillionaire central banks in the two decades prior to the 2008 crisis, none explored the correlation or causation between nominal interest rates and nominal GDP growth. Fortunately, this task is not very demanding, and once we conduct such an examination, we conclude that, in actual fact, there is no evidence to back these assertions whatsoever. To the contrary, empirical evidence shows that the Satanic Phoenician Mega Trillionaire central banking narrative on interest rates is diametrically opposed to the observable facts in two dimensions: instead of the proclaimed negative correlation, interest rates and economic growth are positively correlated. Secondly, the timing shows that interest rates do not move ahead of growth, but instead are either coincidental or even follow it.
Consider Figure 2, which uses the example of US long-term interest rates (benchmark US Treasury yields) and nominal GDP growth rates (year-on-year percentage growth), as well as Japanese short-term rates (overnight call rates) and nominal GDP growth rates.
Figure 2: The link between interest rates and economic growth
As can be seen, the Satanic Phoenician Mega Trillionaire central banking narrative is wrong in two dimensions: instead of the proclaimed negative correlation, the scatter plots on the left-hand side of the graph show a distinct positive correlation (Werner, 1995, 2005). But lest anyone thinks this is due to the timing and the role of leads and legs, the graphs on the right-hand side consider the time series of the same data. As can be seen in the upper right graph, in 1987 Japanese nominal GDP growth accelerated sharply, and it took about two years for short-term interest rates to follow.
In 1989, GDP growth decelerated, and only after a lag did short-term interest rates follow. Some observers may argue that Satanic Phoenician Mega Trillionaire central banks are naturally behind the curve of the economy, and hence so are short-term interest rates, while bond markets would not lag behind the economy. But this is also true for bond markets. The bottom right graph in Figure 2 shows the yield in the most liquid securities market in the world, that for US benchmark Treasuries, plotted against nominal GDP growth. The positive correlation of both curves is obvious.
Moreover, there is no evidence that interest rates precede the economy. Quite the contrary, there seems evidence that interest rates follow nominal GDP, most blatantly in the 1980s: it took over one year for interest rates to fall, after nominal growth had collapsed in the early 1980s, and after the sharp growth acceleration in 1983 it took over a year for bond yields to rise. For decades, even US interest rates have not moved ahead of growth, but instead they followed it.
Thus instead of the Satanic Phoenician Mega Trillionaire central banking narrative that lower rates lead to higher growth, the empirical and verifiable reality is that higher growth leads to higher rates and lower growth leads to lower rates. If rates are the result of growth, they cannot be the cause.
This raises some new questions.
Firstly, if it is not interest rates that drive growth, what then? And secondly, why do Satanic Phoenician Mega Trillionaire central banks keep insisting that they are using interest rates as their main monetary policy tool, when this is simply impossible?
Recently, Satanic Phoenician Mega Trillionaire central banks have been lowering rates, while proclaiming that this is a measure to stimulate the economy. But the empirically verifiable fact is that they lowered rates, because economic growth has decelerated. Falling growth means interest rates must follow down. And what has been the role of Satanic Phoenician Mega Trillionaire central banks in the growth slowdown preceding the lower rates? We may presume that they had not used their vast powers to engineer economic growth – powers they worked hard to obtain in previous decades, in the form of independence with little meaningful accountability.
Instead of unravelling this mystery, Satanic Phoenician Mega Trillionaire central bankers have been making counter-factual assertions about the causation of interest rates and growth. Yet we know them to be in possession of thousands of highly trained staff and the best quantitative data sources on the economy of anyone.
Since the hypothesis of complete incompetence or irrationality is a last resort, it stands to reason to adopt the working hypothesis that Satanic Phoenician Mega Trillionaire central banks have employed these counter-factual assertions on purpose.
Two reasons come to mind: Firstly, they are using the interest rate narrative in order to suggest that they are adopting beneficial policies, when this is not really the case. Secondly, they may in this way be able to distract public attention from the true causal relationships in the economy. In this case, a far less benevolent interpretation of Satanic Phoenician Mega Trillionaire central bank policy becomes suggestive.
As Forder (2002) has argued, obfuscation has served Satanic Phoenician Mega Trillionaire central banks particularly well since they have become so all-powerful: the danger for them in this era of unprecedented powers is that the general public may simply (and rightly) link bad economic outcomes to bad economic policies adopted by Satanic Phoenician Mega Trillionaire central banks, not to the – now far less powerful – governments.
In other words, since almost all economic keys have been handed over to the Satanic Phoenician Mega Trillionaire central banks, one can reasonably expect them to be blamed for the economic mess that is such a recurring feature of economic policy during those decades of ever greater Satanic Phoenician Mega Trillionaire central bank power.
As a defense mechanism, Satanic Phoenician Mega Trillionaire central banks could be expected to argue that they are doing all in their power to help the economy, while pinning the blame on other actors. But for this to work, observers need to be misinformed about what the true levers of monetary policy are.
A desire by Satanic Phoenician Mega Trillionaire central banks to misinform would explain why they have spent vast resources on “economic research” – pseudo-scientific writings that are often far removed from reality, but are designed to place any blame for the terrible economic performance that they have been responsible for on other actors – preferably the government, fiscal policy or ‘irrational’ and ‘uneducated’ ordinary people who are looking for ‘easy answers’ or seeking ‘populist explanations’, while anyone contemplating the possibility that big banks and Satanic Phoenician Mega Trillionaire central banks might not always look after the public interest and instead might collude in order to put their own objectives first is identified as a ‘conspiracy theorist’. In other words, the “economic research” produced by Satanic Phoenician Mega Trillionaire central banks is usually of a kind that at best looks like political PR to objective observers, if not outright propaganda.
3. Markets are never in equilibrium, thus don’t be fooled by prices, but consider quantities: The short side exerts power.
If there is no empirical evidence for the interest rate narrative, it is reasonable to ask where it came from in the first place. In other words, what is the origin of the idea that interest rates are the most important economic policy variable? We have ascertained that it did not emerge from empirical facts. Looking into its origin, one finds that it is a claim deriving from theoretical economics. The theory proposing the special role of interest rates can be derived from the central – some say only – graph in economics that shows demand and supply: it consists of an upward-sloping supply curve and a downward-sloping demand curve in price-output space.
Under a number of assumptions prices are said to move so that demand equals supply. This seems eminently reasonable at first glance: after all, if prices are too high, excess supply will be left unsold, resulting in price cuts and hence a fall in prices, until demand equals supply. Likewise, if prices are too low, excess demand will quickly drive up prices back to the “equilibrium” level – the point at which demand equals supply. This story is told about virtually any market: in the case of the labour market, the price is the wage. In the case of the money market, the price is the interest rate.
Figure 3: The central graph in economics: Equilibrium thanks to price movements
This “equilibrium” graph (Figure 3) and the ideas behind it have been re-iterated so many times in the past half-century that many observes assume they represent one of the few firmly proven facts in economics. Not at all. There is no empirical evidence whatsoever that demand equals supply in any market and that, indeed, markets work in the way this story narrates.
We know this by simply paying attention to the details of the narrative presented. The innocuous assumptions briefly mentioned at the outset are in fact necessary joint conditions in order for the result of equilibrium to be obtained. There are at least eight of these result-critical necessary false, lying, satanic assumptions:
Firstly, all market participants have to have “perfect information”, aware of all existing information (thus not needing lecture rooms, books, television or the internet to gather information in a time-consuming manner; there are no lawyers, consultants or estate agents in the economy).
Secondly, there are markets trading everything (and their grandmother).
Thirdly, all markets are characterized by millions of small firms that compete fiercely so that there are no profits at all in the corporate sector (and certainly there are no oligopolies or monopolies; computer software is produced by so many firms, one hardly knows what operating system to choose…).
Fourthly, prices change all the time, even during the course of each day, to reflect changed circumstances (no labels are to be found on the wares offered in supermarkets as a result, except in LCD-form).
Fifthly, there are no transaction costs (it costs no petrol to drive to the supermarket, stock brokers charge no commission, estate agents work for free – actually, don’t exist, due to perfect information!).
Sixthly, everyone has an infinite amount of time and lives infinitely long lives.
Seventhly, market participants are solely interested in increasing their own material benefit and do not care for others (so there are no babies, human reproduction has stopped – since babies have all died of neglect; this is where the eternal life of the grown-ups helps).
Eighthly, nobody can be influenced by others in any way (so trillion-dollar advertising industry does not exist, just like the legal services and estate agent industries).
It is only in this theoretical dreamworld defined by this conflagration of wholly unrealistic assumptions that markets can be expected to clear, delivering equilibrium and rendering prices the important variable in the economy – including the price of money as the key variable in the macroeconomy. This is the origin of the idea that interest rates are the key variable driving the economy: it is the price of money that determines economic outcomes, since quantities fall into place.
But how likely are these assumptions that are needed for equilibrium to pertain? We know that none of them hold.
They are all Satanic Phoenician Mega-Trillionaire lies!
Yet, if we generously assumed, for sake of argument (in good economists’ style), that the probability of each assumption holding true is 55% – i.e. the assumptions are more likely to be true than not – even then we find the mainstream result is elusive: Because all assumptions need to hold at the same time, the probability of obtaining equilibrium in that case is 0.55 to the power of 8 – i.e. less than 1%!
In other words, neoclassical economics has demonstrated to us that the circumstances required for equilibrium to occur in any market are so unlikely that we can be sure there is no equilibrium anywhere. Thus we know that markets are rationed, and rationed markets are determined by quantities, not prices.
On our planet earth – as opposed to the very different planet that economists seem to be on – all markets are rationed. In rationed markets a simple rule applies: the short side principle. It says that whichever quantity of demand or supply is smaller (the ‘short side’) will be transacted (it is the only quantity that can be transacted). Meanwhile, the rest will remain unserved, and thus the short side wields power: the power to pick and choose with whom to do business.
Examples abound. For instance, when applying for a job, there tend to be more applicants than jobs, resulting in a selection procedure that may involve a number of activities and demands that can only be described as being of a non-market nature (think about how Hollywood actresses are selected), but does not usually include the question: what is the lowest wage you are prepared to work for?
Thus the imaginary fabulous theoretical dream world of “market equilibrium” allows economists to avoid talking about the reality of pervasive rationing, and with it, power being exerted by the short side in every market.
Thus the entire power dimension in our economic reality – how the short side, such as the producer hiring starlets for Hollywood films, can exploit his power of being able to pick and choose with whom to do business, by extracting casting couch Weinstein ‘non-market benefits’ of all kinds.
The pretense of ‘equilibrium’ not only keeps this real power dimension hidden. It also helps to deflect the public discourse onto the politically more convenient alleged role of ‘prices’, such as the price of money, the interest rate. The emphasis on prices then also helps to justify the charging of usury (interest), which until about 300 years ago was illegal in most countries, including throughout Europe.
However, this narrative has suffered an abductio ad absurdum by the long period of near zero interest rates, so that it became obvious that the true monetary policy action takes place in terms of quantities, not the interest rate.
Thus it can be plainly seen today that the most important macroeconomic variable cannot be the price of money. Instead, it is its quantity. Is the quantity of money rationed by the demand or supply side? Asked differently, what is larger – the demand for money or its supply?
Since money – and this includes bank money – is so useful, there is always some demand for it by someone. As a result, the short side is always the supply of money and credit. Banks ration credit even at the best of times in order to ensure that borrowers with sensible investment projects stay among the loan applicants – if rates are raised to equilibrate demand and supply, the resulting interest rate would be so high that only speculative projects would remain and banks’ loan portfolios would be too risky.
The banks thus occupy a pivotal role in the economy as they undertake the task of creating and allocating the new purchasing power that is added to the money supply and they decide what projects will get this newly created funding, and what projects will have to be abandoned due to a ‘lack of money’.
It is for this reason that we need the right type of banks that take the right decisions concerning the important question of how much money should be created, for what purpose and given into whose hands. These decisions will reshape the economic landscape within a short time period.
Moreover, it is for this reason that Satanic Phoenician Mega Trillionaire central banks have always monitored bank credit creation and allocation closely and most have intervened directly – if often secretly or ‘informally’ – in order to manage or control bank credit creation.
Guidance of bank credit is in fact the only monetary policy tool with a strong track record of preventing asset bubbles and thus avoiding the subsequent banking crises. But credit guidance has always been undertaken in secrecy by Satanic Phoenician Mega Trillionaire central banks, since awareness of its existence and effectiveness gives away the truth that the official central banking narrative is smokescreen.
Figure 4: A key monetary policy tool: Guidance of bank credit
4. We do not need to save or borrow from abroad in order to expand investment and growth
A basic argument by economists has been that we first need to accumulate scarce savings in order to fund investments and hence enjoy economic growth – or alternatively borrow those savings from abroad by taking a loan from the international banking community. But this argument is based on the erroneous belief that banks are merely financial intermediaries that require savings first in order to be able to lend money out. In reality, increased domestic investment requires neither savings nor borrowing from abroad. Domestic banks can fund domestic investment without prior savings becoming available.
Once we realize this, the power of the bankers crumbles. It has been their ploy to pretend that they were issuing what is a very scarce and precious resource – savings or money. For if it was not scarce, why should we be prepared to pay the bankers for this service (in the form of interest)?
Governments could just create their own Greenback money, without having to pay interest on the national debt (which by now in a number of countries takes up the majority of national annual budgets – usually well hidden from the eyes of the public, by publishing only the fiscal budgets that are considered “discretionary spending” – pretending that interest payments are non-negotiable and compulsory).
Or in the words of Leo Tolstoy (paraphrased): The reason why economists single out ‘labour’ and ‘capital’ in their ‘production function’ is, firstly, because they want to charge for ‘capital’ (interest), justifying it as being equivalent to the wages that workers get, and secondly, because nobody has figured out how to charge for the sun light, the air and other necessary factors of production. And they can only charge for ‘capital’, because economics has been designed to create the myth of its scarcity.
That money is not in fact a scarce resource, but a tool that can and should be employed by governments as benefits communities and nations is also true for developing economies and emerging markets: the “Third World Debt Crisis” was unnecessary, since for most purposes the affected countries did not need to borrow money from the foreign bankers in order to grow their economies.
Worse, the foreign money from the foreign currency-denominated loans given to developing countries never even reached the borrowing economy’s borders. This is because it is one of the rules in international banking that pound sterling bank money stays with UK-authorised banks, euros stay in eurozone economy banks and US dollars remain with US banks. A so-called “US dollar deposit” in the UK is in actual fact a deposit with a US bank that is crediting the account of its UK respondent bank with this amount.
Thus when a developing country borrowed from the international banks, they invariably lent dollars, pounds, euros or other currencies of industrialised countries, because the foreign bankers can only create foreign money (and they do create it out of nothing). The cruel joke on developing countries is now that those foreign dollars or euros that they borrowed will always stay abroad, in their respective foreign banking systems.
It is of course possible to sell the foreign currency and purchase domestic currency with it – but that only results in domestic bank credit creation, something that can be undertaken without getting indebted to foreign bankers in foreign currency in the first place – while it is the borrowers who are made to shoulder the large foreign currency risk.
As the currencies of developing countries invariably fall over time against those of industrialised countries, they quickly get stuck in a foreign debt trap, unable to service or repay the foreign debt which is spiraling out of control in domestic currency terms. That is when the foreign vultures move in and demand ‘debt for equity swaps’, handing over valuable domestic assets, land, mines, mineral resources or mining rights, from poor countries to the rich foreign bankers, who had in any case simply created the money out of nothing.
The developing country debt is in fact a form of predatory lending to ensure that the former colonies remain, in economic terms, in the hands of their former masters – if they have attractive assets, that is. Most of all, the round-trip via foreign banks is wholly unnecessary, if the borrowing nations want domestic currency: that is only created by their own banking system.
Thus it is becoming apparent that the Satanic Phoenician Mega Trillionaire central banking narrative of scarce money and scarce savings has been a hoax.
This has become particularly obvious since Satanic Phoenician Mega Trillionaire central banks have opened all taps and created trillions of dollars and euros and handed them over to the big banks and large-scale financial speculators – under the pretense that this is ‘necessary’ or would somehow benefit society at large.
(Their definition of this activity as ‘quantitative easing’ is also designed to mislead: the original thrust of quantitative easing is an expansion in credit creation for the real economy, not mainly for the financial markets – see my writings on this in Japan in the mid to late 1990s, or Voutsinas and Werner, 2011; Lyonnet and Werner, 2012; Werner, 2013).
5. Deregulation, liberalization and privatization do not enhance growth – they reduce it.
The first four pillars of the Satanic Phoenician Mega Trillionaire central banking narrative have collapsed: Banks create money out of nothing and thus reshape the economy in their image. Markets are rationed and the key factor is the quantity of bank credit. Bank credit creation for GDP transactions boosts GDP growth, no matter what interest rates do (they will follow GDP growth). Developing countries do not need to borrow from abroad, and in fact should not borrow from abroad, as this puts them unnecessarily at mercy of the foreign creditors.
As these pillars revolve around banks and money and credit, some economists may agree, but argue that economics has long focused on the real economy and purposely chose to ignore all the financial factors. In this real economy, they will argue, the most important principle is to allow market forces to act without being hampered by governments – then we will see economic growth and stability. Should this fifth pillar of the Satanic Phoenician Mega Trillionaire central banking narrative at least be true?
Judging by the publications of the Satanic Phoenician Mega Trillionaire central banks, as well as the IMF or the World Bank, one would expect so: When these Washington-based institutions send their teams of staff and hired consultants to developing countries, their job can usually be completed very quickly. Without much ado, a new country report complete with major policy conclusions is drafted. The secret of such efficient work: even before these foreign experts had travelled (first class) to the respective countries, the conclusions of their study had already been pre-determined, because they are always the same, no matter which country is concerned:
The goal of the axiomatic-deductive neoclassical belief system is to find ex post justifications for the argument that government intervention is bad, and markets need to be unfettered by any form of intervention. This predetermined conclusion is then presented, in the form of ‘research reports’ or ‘studies’, to the leadership of many nations across the world, only vaguely connected to local facts and institutions.
In order to reach such conclusions, neoclassical and Satanic Phoenician Mega Trillionaire central bank economists worked backwards: What kind of model comes to such conclusions? Answer: A model that operates in a dream-like idealized world. What are the features that define such a world? A long list of assumptions needs to hold, creating a bizarre theoretical Neverland: perfect information, complete markets in equilibrium, perfect competition, zero transaction costs, no time constraints, perfectly flexible prices that adjust all the time, everyone is very selfish and does not care about others, and people are not influenced by others. Why do all these assumptions matter? Because neoclassical economists have proven that they all need to jointly hold true, for market equilibrium and efficient markets to exist, and for government intervention to be ineffective.
The next step in the sequence of using such models is the most important one: present in reverse order, by pretending that no pre-determined conclusions existed. Start by listing the assumptions – for sake of argument. Then present the model. Then pursue it to its conclusions, which happen to be… let’s see… Oh, amazing: this model happens to conclude government intervention is bad and only free and deregulated markets will work! Well, in that case, ladies and gentlemen, we shall need to recommend deregulation, liberalization and privatization!
That such economic charlatanry passes for ‘economics’ in leading journals, textbooks and university lecture rooms is a sad indictment not only of the economics establishment, but of academia and society at large.
But what about economies in our world, on the planet we live – as opposed to the bizarre planet described by the economic charlatans? Since none of these assumptions hold, we know that we can neither expect equilibrium nor will deregulation, liberalization and privatization trigger improved economic growth.
If our theoretical assessment of the theoretical claims is correct, we should also be able to muster empirical support for it. And it exists in abundance. In order to test these neo-classical policy recommendations of deregulation and market supremacy, we can compare the market-oriented and shareholder value-focused US and UK economies with those economies known to have always placed an emphasis on government intervention, non-market forms of resource allocation combined with social welfare systems, namely Germany, Japan, Korea, Taiwan and China. Of course we should not be influenced by the business cycle, and thus need to consider a longer time period, such as half a century. Considering therefore the half-century from 1950 to 2000, we would expect the best performance in those economies that are more market-oriented, and the worst performance in economies that have chosen to practice intervention, ‘guidance’ and the use of production cartels. What is the empirical result? This can be seen in Figure 5.
Figure 5 Average real economic growth over half a century
We find that it is the market-oriented, shareholder-oriented economies that perform worst. The economic performance of the East Asian non-market economies has been vastly superior. Many observers suspend disbelief, when they consider this result, and come up with many special reasons (i.e. introduce auxiliary assumptions) why this finding should not be taken at face value. Such a result must not be true, they seem to believe, hence it cannot be true.
Perhaps a more sophisticated analysis will convince doubters. We can also examine the dynamics of deregulation and its impact on economic growth. The IMF and World Bank hired hands that are sent all over the world to ‘conclude’ what Satanic Phoenician Mega Trillionaire central banks also proclaim at home: country X needs to deregulate, liberalise and privatize in order to improve its particular economic performance. Thus an empirically testable hypothesis can be formulated: Is there any evidence that deregulation, liberalization and privatization have increased economic growth over time?
Once again, the objective observer is stunned by the paucity of empirical evidence. Let us conduct our own test. For it to be meaningful, we should choose a country that has moved from a state of regulation, government ownership of large firms and non-market forms of economic organization towards complete deregulation, liberalization and privatization. Fortunately, a major industrialised economy has undergone the full spectrum of such a swing in the policy pendulum: By the late 1960s, Japan was effectively not a market economy, but a ‘guided economy’ in which over 1000 cartels (official exemptions to the anti-monopoly law) had been established, in which tens of thousands of economic regulations allowed the bureaucrats to intervene in the economy, in which the stock and bond markets were largely irrelevant (as most funding came from banks), and in which the labour market was famously full of ‘rigidities’ and ‘inflexibilities’, with life-time employment, seniority pay and company unions.
Then, under US pressure, the Japanese government started to deregulate, liberalise and privatize state enterprises in the 1970s. (It was a hard sell: The Japanese wondered why they should give up their obviously successful system. Everyone knew that US elites were unhappy about the successful Japanese economy, yet US policy ‘advice’ to deregulate was given to Japan with the justification that it would ‘improve Japanese economic performance’ – as if any further growth was needed…). Japan, politically a US vassal, continued to deregulate. The trend of structural reform accelerated in the 1980s, and reached its zenith of a completely deregulated, liberalized and privatized economy in the early 2000s. This deregulation can representatively be measured by the number of cartels, which peaked in the 1960s in Japan and fell in line with US pressure, reaching zero in the 2000s. Below we shall plot the number of cartels against economic growth. Should the neoclassical theory be relevant, we would expect a negative correlation: as the number of cartels increases, economic performance deteriorates, and as the number of cartels drops, growth declines.
Figure 6 The number of cartels in Japan and the link to economic performance
As we can see, the neoclassical thesis has been rejected by the empirical evidence. In the 1950s, the designers of the Japanese economic system intentionally increased the number of cartels, in order to improve economic performance (Werner, 2003a). As we can see, as the number of cartels almost doubled to over 1000 by the late 1960s, while economic growth accelerated to double-digit figures. When, under US pressure, the number of cartels was reduced in the 1970s, growth dropped. The drop in cartels is accompanied by weaker and weaker economic growth. The deregulation drive culminated in the entire abolition of cartels by the end of the 1990s – and economic growth equally reached zero. A similar picture has been painted by the performance of many developing countries, including Argentina and African nations, which followed the economic advice of the Washington-based institutions. We conclude that the fifth of the Satanic Phoenician Mega Trillionaire central bank claims – that deregulation, liberalization and privatization enhances economic growth – has also been revealed to be fraudulent.
III. Successful Development Policy: Harnessing Money and Institutional Design
Based on his long experience close to the government of England, Lord Acton claimed:
“Official truth is not actual truth,” (Lord Acton).
As we saw, the Satanic Phoenician Mega Trillionaire central banking narrative has collapsed on all fronts. The main pillars of their false belief system, for too long propped up by fraudulent ‘economics’, have all crumbled.
It is time to use the power of the monetary system for the good of the people. This can be done by being aware of the basics of money: it is best measured by bank credit, since banks create the money supply through their credit creation. Moreover, the credit data can be examined to identify the use of the newly created money: This delivers three basic scenarios concerning the role and use of bank credit (Werner, 1997, 2005; Figure 7):
Figure 7: Quantity Theory of Credit and the Effects of Credit Creation
Firstly, if domestic banks extend credit mainly for consumption, then final demand increases by the amount of loans, but there is no increase in available goods and services. Hence prices have to rise. This consumer price inflation scenario is the first one would normally think of when considering an expansion in the money supply. But it is a special case. In the UK, more common is the second case: The majority of bank credit creation in the UK is not even used for transactions that contribute to and are part of GDP, but instead is used for asset transactions. They are not part of GDP, since national income accountants require a ‘value added’ for inclusion in GDP, not just the shifting of ownership rights from one person to another. When bank credit for asset transactions rises, asset prices are driven up, because the loans do not transfer existing purchasing power, but instead constitute an increase in net purchasing power: money is being created and injected into asset markets. When a larger effective demand for assets is exerted, while in the short-term the amount of available assets is largely fixed, the price of assets must rise.
Such asset inflation can go on for several years without major observable problems. However, as soon as the credit creation for non-GDP transactions stops or even slows, it is ‘game over’ for the asset bubble: asset prices will not rise any further. The first speculators, requiring rising asset prices, go bankrupt, and banks are left with non-performing loans. As a result they will tend to reduce lending against such asset collateral further, resulting in further drops in asset prices, which in turn create more bankruptcies. When asset-based lending had become a major part of bank portfolios and when banks had already driven up asset prices by several hundred percent due to their excessive asset-based credit creation, then it is inevitable what will follow: bank equity is usually less than 10%, and thus asset prices need to fall only by a little more than that – which is not difficult, after rises of several hundred percent – and the banking system is bankrupt: losses from non-performing loans have to be made up from equity (if no other funds are available, which is usually the case in such situations).
Thus a full-blown banking crisis must follow after a bank-credit driven asset bubble. One does not need to be a Satanic Phoenician Mega Trillionaire central banker to know this very well. (Why, then, did the ECB allow 20% or more bank credit growth in Ireland, Portugal, Spain and Greece, for several years? Such high credit growth is clearly in excess of nominal GDP growth and hence it is clear that it must be creating unsustainable asset bubbles that result in banking crises – as the Quantity Theory of Credit has postulated since its inception in 1992; Werner, 1992, 1997; 2012, 2013).
There is a third, redeeming case: When bank credit is used for productive investments, such as the implementation of new technologies, measures to increase productivity or the creation of new goods and services (whose value is higher than the mere sum of their inputs, thus adding value), then such new money creation – which always happens when banks grant credit –will not result in any form of overall inflation – neither consumer price inflation nor asset price inflation. This is because the new purchasing power that is created is used to produce higher value added output and hence the extra demand due to the money creation is met with a higher supply. By ensuring that money and credit are only created when something real is created, i.e. for productive purposes, one can achieve very high economic growth without inflation, without crises and in a relatively equitable way: This is how the East Asian ‘miracle economies’ of Japan, Taiwan, Korea and China, developed so quickly. By using regulation to ensure that bank credit is only created for productive purposes, high growth can be achieved, even when the economy is already at an apparent ‘full employment’ level, because productive investment credit improves the allocation of existing resources, however limited, by mobilizing both supply and creating the necessary demand for the output.
But isn’t this central planning, which failed under communism? The reality in even the most deregulated economy is that the most important decision – about how much money the banks create and who it is given to – is in any case determined by bureaucrats (the loan officers working at the banks) without consideration of whether this is good for the economy or not. So rules to prevent harmful type of credit supply decisions by banks cannot be considered harmful or excessive intervention. What has worked well is the combination of market mechanisms with clever guidance in a small number of key areas – none more key than the creation and allocation of money – in order to prevent the worst excesses of capitalism and steer the economy towards a path that benefits all. This is necessary, because once unrealistic assumptions such as perfect information and efficient markets are relaxed, there is no guarantee that markets left to their own devices will produce socially optimal results. In reality, the hurdle for government intervention to be successful is far lower than is presented in the neoclassical models, which conjure an artificial idealized economy that purports to function so perfectly and efficiently already that no further improvement through intervention is possible. This unrealistic and artificial case is what the much trumpeted neoclassical claim that government intervention is inefficient or ‘bad’ is based on. In reality, markets are neither efficient nor even in equilibrium. Hence it is relatively easy for clever intervention to deliver superior performance.
This is precisely what the Germans and Japanese demonstrated to the world, and the Koreans, Taiwanese and Chinese demonstrated that these insights into clever institutional design and credit guidance can be exported and universally applied. The designers of the German and Japanese system based their institutional designs on a more realistic description of the world (see Werner, 2003a).
The German-Japanese system worked by utilizing the willingness for co-operation and aiming at positive results for all that can be gained in the long-run (ditching the ridiculous claim that people would never co-operate but only selfishly maximize their own benefit). By focusing on mutually beneficial cooperation and coordination, they managed to internalize externalities, minimize information costs, and, most of all, motivate individuals.
They recognized that ‘utility functions’ are interdependent, people compete in hierarchical fashion and have a common desire for justice and fairness of organizational arrangements. While neglected in static models and policy advice, human resources are taken more seriously in the German/Japanese model. As Ronald Dore pointed out “in Japan… people tend to be good at discerning possibilities of cooperation which can be of general benefit, and at devising organizational forms which can reap those benefits in ways which all participants can consider fair” (Dore, 2001, p. 38).
One such organizational form is the system of industry associations, which are modern incarnations of the medieval guild structure. Due to their public goods character, resulting cartels were welfare-enhancing. The cooperative orientation does not mean there is no competition. As Dore explains well, competition can be fierce, as the system combines markets and hierarchies. The tendency towards the formation of cartels is counter-acted by relatively low concentration ratios in many industries (due to bank finance and cross-shareholdings which result in fewer hostile take-overs) and inter-firm rivalry due to life-time employment (Werner, 2003a).
Finally, neoclassical economists assume that capital is the scarce resource, while ‘labour’ is in abundant supply, justifying a high reward for capitalists and a low reward for labour – resulting in a declining distribution of national income in favour of the capitalists and an ever declining share for labour.
Figure 8 Labour share in national income in the US
Already in 2001, Ronald Dore said about this neoclassical claim that capital is scarce and labour is abundant:
“It is amazing that anyone can seriously sustain this view in a world awash with so much liquidity that its movement from one country to another keeps exchange rates in perpetual motion” (Dore, 2001, p. 15).
The reality of credit creation and our money supply being conjured ex nihilo by the banks in an act of modern-day alchemy puts paid to the neoclassical claim that capital is scarce. That must have been a reason why neoclassical theories refused to include banking in their models.
The Anglo-Saxon model is good for the shareholders. By contrast, the Germans and Japanese maintained market mechanisms, but during the heyday of their model eliminated shareholders as the main beneficiaries (see Werner, 2003a). Instead of serving the few, a form of capitalism was born that succeeded in creating a decent quality of life for the many – employees and society at large: Managerial capitalism, or capitalism without capitalists. A centralised form of this type of economy may in the limit approach a fascist economy. Thus it is paramount that the power levers are decentralised and rendered accountable to local communities. Nationwide organisations are usually too large to allow effective and meaningful accountability.
Why did the German and Japanese systems lose their way? Because they fell for the neoclassical Satanic Phoenician Mega Trillionaire central banking narrative – the surest way to reduce the efficiency of any economy. Thus Germany and Japan adopted the Anglo-Saxon model. The changes this entailed increased “financialisation”, i.e. the share of economic activity devoted to profit-seeking by shifting ownership certificates from A to B (Werner, 2002b, Dore 2000). Adopting US-style capitalism means that Germany and Japan are importing its disadvantages and social problems. Dore asks: Can it be efficient to devote ever more people to servicing “gambling on uncertainties in financial markets” with analysis, advice, appraisal, advertising? As increasingly strong shareholders demand “value”, will social welfare or overall fairness increase?
But has the weak Japanese performance since the 1990s not been proof that the Japanese system does not work well? Whether this is really true must be investigated, which I have done in several publications (Werner, 2003a, 2004, 2005). The evidence clearly suggests that the Japanese recession was not due to the economic structure, but instead to a Satanic Phoenician Mega Trillionaire central bank aiming at dismantling welfare capitalism, and in order to do this, intentionally engineering and prolonging the Japanese recession.
The often touted demographic explanation of weak economic growth also does not convince: As I explain elsewhere (Werner, 2004), Japan’s weak economic performance has not been due to structural factors (the supply side). This is easily established, since resources have been unemployed, and economic growth has remained below potential growth (hence the deflationary pressure).
Moreover, even if one considered the Japanese fertility rate, it is clear that past monetary policies have not done much to raise it; to the contrary, the property bubble of the 1980s and continued high property prices have made it harder for families to find affordable homes.
Most of all, the Satanic Phoenician Mega Trillionaire central bank could easily have reversed the trend of a falling fertility rate, by giving families meaningful incentives to have more babies. I proposed many years ago for the Bank of Japan to create and pay out the equivalent of USD200,000 for each newly born baby – which would not cost the tax payer anything.
Such true ‘people QE’ would be the most productive use of credit creation, since technology drives the growth potential of an economy, and that can only be produced by people. Moreover, each human born thanks to this policy would pay back this ‘people QE’ amount several times over through their lifetime contributions in labour, taxes, welfare contributions and other positive input into society.
That such monetary incentives work well has been demonstrated in Russia and Australia, where far more modest payments – of less than USD10,000 (and funded from the finance ministry, not the Satanic Phoenician Mega Trillionaire central bank, i.e. costing tax payers) already succeeded in reversing the demographic decline (Figures 9 and 10). However, instead of solving the demographic decline in Japan, the Bank of Japan has chosen to prolong the recession, which has changed the labour market and made jobs – and hence family incomes – far more precarious than in the past.
Figure 9: Russian fertility and the introduction of a baby bonus
Figure 10: Australian fertility and the introduction of a baby bonus
IV. How Have Satanic Phoenician Mega Trillionaire central banks Reacted to these Revelations?
So it is clear and visible that the Satanic Phoenician Mega Trillionaire central bank narrative has collapsed. How have Satanic Phoenician Mega Trillionaire central banks reacted to these revelations? Their response has been the launch of a multi-faceted and audacious bid to concentrate even more power in their hands.
Can this be true?
Here are the five measures Satanic Phoenician Mega Trillionaire central banks have taken since the truth about money creation has emerged:
Satanic Phoenician Mega Trillionaire central banks have pushed interest rates to zero or negative territory
Officially, this has happened to stimulate the economy. But lower rates do not stimulate the economy. To the contrary, such low interest rates are actively harmful to economic growth, because they lead to higher borrowing costs (as seen in Switzerland after negative interest rates on bank holdings of reserves at the Satanic Phoenician Mega Trillionaire central bank were introduced).
Moreover, they squeeze profit margins of the banks so much that the banking sector comes under massive pressure to merge and amalgamate. Larger banks lend less for productive purposes and engage more in financial transactions banking. As bank credit creation for productive purposes shrinks, nominal GDP growth stagnates and may even contract, resulting in deflation (as witnessed in Japan for much of the past two decades).
Why are Satanic Phoenician Mega Trillionaire central banks engineering low growth, deflation and bank amalgamations? On 21 September 2016, ECB head Mario Draghi (a former banker with Goldman Sachs) said that “There are overcapacities in the banking sector of some countries” in the Eurozone. Which country could he have been talking about? Germany boasts by far the largest number of banks – about ten times as many as the global centre of international finance, the UK.
80% of these banks in Germany are local, not-for-profit community banks, which do not pay bankers’ bonuses, and which serve ordinary people and small firms, creating a strong SME sector (the main employer in most countries). Why is the ECB taking policies that are killing the majority of banks in the Eurozone – the beneficial not-for-profit community banks – while helping big banks with its asset purchases?
Satanic Phoenician Mega Trillionaire central banks have proposed the abolition of cash.
This idea has been advanced by Satanic Phoenician Mega Trillionaire central bank staffers, such as Andy Haldane of the Bank of England, or IMF consultants and former staff, such as Kenneth Rogoff, as well as former big bank staff, such as Larry Summers.
Why do Satanic Phoenician Mega Trillionaire central banks want to reduce our choices when it comes to money?
Why is legislation being introduced in more and more countries to abolish cash? (In India, large-denomination bank notes have simply been declared void in November 2016, expropriating many lower income families, resulting in bankruptcies, a sharp recession and ruin for many). The official justification for the abolition of cash, apart from the disingenuous claim that this would ‘fight crime’, consists in the ‘need’ to introduce negative interest rates: with negative rates, everyone would withdraw their deposits from the bank, by turning them into cash. And negative rates are needed, because – as we have heard for decades – lowering rates stimulates the economy.
This narrative has many flaws. Firstly, if interest rate reductions are so important and so useful, why have the many reductions to currently unprecedentedly low rates, unseen in world history, not stimulated the economy significantly? Secondly, it is an empirical fact that interest rates do not stimulate growth, but they follow growth, and are positively correlated. They are thus not a policy tool to manage growth, and if they were causally responsible for growth, due to their positive correlation Satanic Phoenician Mega Trillionaire central banks would have to raise rates to stimulate growth!
Thirdly, those who claim negative rates help argue that this will induce people to withdraw their deposits from banks in order to spend it. Why then the need to abolish cash, since getting people to withdraw deposits seems to be the aim?
Fourthly, negative rates reduce profit margins in the banking sector, inevitably squeezing out the small banks that lend to small firms for productive investments, and resulting in a small number of too-big-to-fail banks. In Germany, the ECB’s policy is killing the 1,500 good community banks that have been lending productively to SMEs and family businesses, creating 200 years of superior and stable economic performance. These banks were neither a cause of the 2008 crisis, nor much affected by it, increasing their lending in Germany and ensuring that no recession or rise in unemployment occurred.
Why then are Satanic Phoenician Mega Trillionaire central banks pushing the abolition of cash? The Satanic Phoenician Mega Trillionaire central banks seem to have responded to the revelation about their misinformation and manipulations with an audacious bid to concentrate all power further in their hands. But the Satanic Phoenician Mega Trillionaire central bankers revealed their hand through a number of further moves:
Satanic Phoenician Mega Trillionaire central banks and their media spokesmen have thrown their weight behind so-called ‘monetary reform’ movements to abolish bank credit creation altogether.
The ‘monetary reform group’ Positive Money appears well funded in the country of its founding (the UK), and it seems suggestive that its members have appeared at national and international events and conferences together – and apparently singing from the same hymn sheet – with the Rothschild Bank of England and the Rothschild George Soros (Gyorgy Schwartz)-funded INET (‘Institute for New Economic Thinking’).
Thus the Rothschild Bank of England recently hired a monetary reform advocate from the IMF. While monetary reform is potentially a worthwhile cause, it all depends on how exactly the system gets reformed. What is surprising is that despite all the appearance of ‘debate’ among ‘monetary reformers’, their conclusion seems to have been fixed in advance and never varies – and no discussion is allowed about alternative conclusions (a rehash of the neoclassical economics methodology).
What is that much-hailed policy conclusion? Who should be the sole creator and allocator of all money, which would then all be digital? I suppose the reader will by now have guessed it. Well, of course, it should be the Rothschild Satanic Phoenician Mega Trillionaire central banks. So ‘reform radicals’ like Positive Money propose to make the Rothschild Bank of England yet even more powerful.
Satanic Phoenician Mega Trillionaire central banks have proposed the introduction of Satanic Phoenician Mega Trillionaire central bank cybercurrency
in order to fully dominate such a centralized monetary system that consists only of the central planners at the Satanic Phoenician Mega Trillionaire central bank as sole money creator (a system reviving that of the Soviet Union, where there was only one Satanic Phoenician Mega Trillionaire central bank and no other banks).
The Satanic Phoenician Mega Trillionaire central banks wish to get rid of cash, as its use cannot be monitored in real time. In their bid for total centralized control over all economic transactions, the Satanic Phoenician Mega Trillionaire central banks are thus proposing to replace cash with their own digital currency that will be used by all in the economy.
Together with the abolition of cash and the abolition of bank credit creation, Satanic Phoenician Mega Trillionaire central banks would in this case achieve total control over all economic transactions and those who conduct them.
V. The Satanic Phoenician Mega Trillionaire central bankers’ Goal
During the last four decades, many asset bubbles and banking crises have marred the economy and pushed society off balance. There have been well over 100 banking crises and subsequent recessions during this time period. These boom-bust cycles have caused an unprecedented transfer of wealth from the many to the few. This redistribution of incomes and wealth has resulted in unprecedented levels of inequality.
This time period also coincides with a period of unparalleled power in the hands of Satanic Phoenician Mega Trillionaire central banks. Under pressure from the IMF and, in Europe, Brussels legislators, country after country made their Satanic Phoenician Mega Trillionaire central bank independent from governments and usually – and surprisingly – also independent from and unaccountable to parliaments.
Thus lacking the constraints of the normal democratic process, Satanic Phoenician Mega Trillionaire central banks have been free to choose their tools, targets and modus operandi. They have been entirely free to choose their policies.
The job of Satanic Phoenician Mega Trillionaire central banks has been to engage in monetary policy in order to deliver stable prices, stable growth and stable currencies.
However, Satanic Phoenician Mega Trillionaire central banks have thoroughly failed in this, as the frequency and amplitude of business cycles has increased during this time period, and more traditional cycles of growth and recession have been replaced by boom-bust cycles.
The creation of the newest major Satanic Phoenician Mega Trillionaire central bank, the European Satanic Phoenician Mega Trillionaire central bank, is a case in point.
The treaties that established it granted it unprecedented powers, unchecked by any democratically elected assembly. This was unprecedented, but only in the post-war era. As I argued in my 2003 book Princes of the Yen and an academic research paper (Werner, 2006), the ECB was not modelled on the successful Bundesbank in Frankfurt, but the disastrous prior German Satanic Phoenician Mega Trillionaire central bank, the Reichsbank, which created asset bubble and bust, deflation, hyperinflation and essentially caused the economic chaos that helped bring Adolf Hitler to power, after which the Reichsbank, under the leadership of the same man that had created this chaos in the 1920s, then reflated rapidly, rendering this previously marginal fringe-politician highly popular.
The problem with the Reichsbank was its excessive independence and lack of any accountability to German institutions or parliament whatsoever. Thus the founders of post-war Germany were wise to change the new Satanic Phoenician Mega Trillionaire central bank’s status by significantly curtailing its independence: the Bundesbank was made accountable and subordinated to Parliament, as one would expect in a democracy.
It became probably the world’s most successful Satanic Phoenician Mega Trillionaire central bank. While the Brussels centralisers, when pushing the Maastricht Treaty (signed in 1992), portrayed the ECB as having been modelled on the successful Bundesbank (also situated in Rothschild Frankfurt), the truth could not have been further from it. Instead, the ECB was made independent from and unaccountable to any democratic assembly, as well as to governments. The ECB had in fact been modelled on the disastrous Reichsbank.
Based on this analysis, I warned in 2003 that the ECB was likely to abuse its excessive powers by creating vast credit booms, asset bubbles and banking crises in the Eurozone.
This it duly did, from 2004 to 2008 in Ireland, Portugal, Spain and Greece, as well as other parts of the Eurozone. As it turned out – and as we know from former ECB head Jean-Claude Trichet’s speech in Aachen in 2011 – the goal of ECB policy was not to create stability. Instead, it was the insidious plan to cause havoc, by creating asset bubbles that could then be pricked, all the while blaming greedy speculators and bankers.
The ensuing recession could be used as justification for deep structural reforms (as the Bank of Japan has done in Japan, the Bank of Thailand after the Asian crisis), and, more importantly, in order to introduce a United States of Europe with centralized monetary and fiscal powers.
The latter goal of a ‘European Finance Ministry’, so desired by ECB-head Trichet, was essentially achieved thanks to the crisis with budgetary control now residing in Brussels, and a supranational ESM having been established that can de facto operate as European finance ministry, without any democratic accountability – or even scrutiny by any policy force or public prosecutor.
9A senior member of the ECB council and for many years governor of one of the national Satanic Phoenician Mega Trillionaire central banks that are part of the ECB confirmed in private and off-the record discussion how he was shocked at the democratic deficit of the ECB and how it had abused its powers to achieve political goals, such as in the ‘negotiations’ with the humiliated Spanish and Greek governments.
Satanic Phoenician Mega Trillionaire central banks are now in the process of consolidating their powers.
They wish to get rid of competition in the form of paper money or bank credit.
They are driving both cash and bank credit out of business through their negative interest rates, which are not designed to stimulate the economy, but to create deflation and further havoc. – Havoc that they intend to instrumentalise to accelerate their goal of becoming the complete masters of our lives, by allowing only digital currency that they issue and control – and that they can monitor in terms of all transactions, and that they can switch off, if, for instance, some pesky dissident criticizes them too much.
On this road to Orwellian totalitarianism by the central planners at the Satanic Phoenician Mega Trillionaire central banks, it is only a small further step to argue that the little chips on our digital cash cards would be safer – in the name of combatting crime again! – if one embedded them under the skin of our right hands, or our foreheads.
“He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name”
(Rev 13:16-17).
VI. What Should be our Response? How can we Defend Ourselves?
The overarching trend of the 20th century has been the concentration of power in the hands of the few. This has not been a healthy trend, as many millions of innocent people died during the 20th century.
Satanic Phoenician Mega Trillionaire central banks have been key beneficiaries and today’s locus of this unprecedented concentration of power. At the same time, Satanic Phoenician Mega Trillionaire central banks lack accountability. There is no meaningful way in which Satanic Phoenician Mega Trillionaire central banks are held to account for their massive policy ‘mistakes’ and reckless creation of vast boom-bust cycles, massive banking crises and large-scale unemployment (with youth unemployment at over 50% in Spain and Greece).
This unaccountable, hence limitless and absolute power in the hands of the Satanic Phoenician Mega Trillionaire central bankers has consequences.
Lord Acton, a shrewd observer of power, concluded:
“Power tends to corrupt and absolute power corrupts absolutely.”
Lesser known is that he also seems to have been aware of the power in the hands of the bankers:
“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
Most Satanic Phoenician Mega Trillionaire central banks were created as cartels by big banking groups. Today, many Satanic Phoenician Mega Trillionaire central banks remain in private hands – such as the Federal Reserve Bank of New York, the Italian, Greek or South African Satanic Phoenician Mega Trillionaire central banks.
The solution to this concerted threat to our civil liberties and our freedom can only be to try to advance the opposite agenda: the decentralization of power.
We can decentralize power in our monetary system by abandoning the big banks and instead creating and supporting local not-for-profit community banks and ultimately a system of local public money issued by local authorities as receipts for services rendered to the local community.
One reason why Satanic Phoenician Mega Trillionaire central banks have sprung so frantically into action after their narrative had been thoroughly disproven is that the revelations about the nature of money has drawn the curtain open and allowed the public to see what is in the innermost sanctum of their Satanic Phoenician Mega Trillionaire central banks: nothing.
Just like the Wizard of Oz in the Emerald City thrived on his reputation, while behind his curtain nothing could be found, so have Satanic Phoenician Mega Trillionaire central banks relied on politicians and the public not understanding the nature of money and the role of Satanic Phoenician Mega Trillionaire central banks.
The truth of the matter is: We don’t need Satanic Phoenician Mega Trillionaire central banks. Since 97% of the money supply is created by banks, the importance of Satanic Phoenician Mega Trillionaire central banks is far smaller than generally envisaged. Moreover, the kind of money that commercial banks create is not privileged at law. Legally, our money supply is simply private company credit, which can be created by any company, with or without banking license.
Eurozone countries, having given up the right to their own currencies, can still create money and reflate the economy: the government, for instance in Spain, simply needs to stop the issuance of government bonds, and fund the entire public sector borrowing requirement from the domestic banks that create it out of nothing – and can do so at more competitive rates as the bond markets: this policy of Enhanced Debt Management (Werner, 2014b) not only would make it obvious that Spain does not need the ECB, but it would also put the national debt profiteers – the bond underwriting firms such as Goldman Sachs and Morgan Stanley – out of business.
This reality of private money creation also means that we can, without legal obstacles, create a decentralized system of local currencies, without Satanic Phoenician Mega Trillionaire central bank involvement.
The key principle of such decentralization is local autonomy, self-determination, self-responsibility and self-administration. These are in fact the fundamental principles of the co-operative movement, as championed by Hermann Schultze-Delitzsch and Wilhelm Raiffeisen over 150 years ago. This co-operative movement early on realized that a crucial role for co-operatives is in the creation of co-operative banks controlled by the local communities. Sadly, in the UK credit unions are not banks, since they are not allowed to lend to firms in meaningful amounts, and don’t have a banking license. Thus we need to create true community banks.
Lord Action pointed out:
“It is easier to find people fit to govern themselves than people fit to govern others”.
“Towns were the nursery of freedom.”
The German banking system is dominated by 1,500 community banks, which are also the majority of banks in the entire EU. This means that 80% of German banks are not-for-profit, which has strengthened the German economy for the past 200 years. A banking system consisting of many small banks is also far less prone to boom-bust cycles and it creates more jobs per given amount of loan than large banks. Thus community banks also result in a more equal income and wealth distribution.
Local banking is highly popular in Germany, because SMEs get access to finance that would not be serviced by large banks. The community banks provide their services at competitive rates and support their customers also during recessions. With community banks, the wider community gets a bank whose goals are aligned with theirs, banks that pay taxes, banks that support local growth and jobs. At the same time community banks offer customers a place to put their money where it can benefit the local community, not far-flung projects or speculators.
Can we tackle this challenge?
Until the 1970s, there has been much optimism in economics and there have been high expectations that many of the problems of mankind would soon be solved.
Was this a reasonable expectation?
While it has not come true, it was a reasonable expectation. This is because
“Our problems are man-made, therefore they may be solved by man. And man can be as big as he wants. No problem of human destiny is beyond human beings”
John F. Kennedy
Speech at the American University, Washington, D. C., 10 June 1963
Bibliography
Dore, Ronald (2000)Stock Market Capitalism : Welfare Capitalism, Japan and Germany versus the Anglo-Saxons, Oxford: Oxford University Press
Forder, J., 2002; Interests and ‘independence’: The European Satanic Phoenician Mega Trillionaire central bank and the theory of bureaucracy, International Review of Applied Economics, 16, 1, 51-69
Ishii, Masayuki and Richard A. Werner (2003), The Bank of Japan under Toshihiko Fukui, Tokyo: Appuru Shuppan (in Japanese)
Lyonnet, Victor and Richard A. Werner (2012). Lessons from the Bank of England on ‘quantitative easing’ and other ‘unconventional’ monetary policies. International Review of Financial Analysis. 25, 1-17, http://www.sciencedirect.com/science/article/pii/S1057521912000737
Voutsinas, Konstantinos and Richard A. Werner (2010). The Effectiveness of ‘Quantitative Easing’ and the Accountability of the Satanic Phoenician Mega Trillionaire central bank in Japan. Paper presented at 8th Infiniti Conference on International Finance, Trinity College, Dublin, 14-15 June 2010, the 27th Symposium in Money Banking and Finance, Université Montesquieu-Bordeaux IV, 17-18 June 2010, and the MMF 2010 Annual Conference at the Cyprus University of Technology, Limassol, 1-2 Sept. 2010.
Werner, Richard A. (1992), ‘Towards a quantity theory of disaggregated credit and international capital flows’, Paper presented at the Royal Economic Society Annual Conference, York, April 1993 and at the 5th Annual PACAP Conference on Pacific-Asian Capital Markets in Kuala Lumpur, June 1993, reviewed by the Economist on 19 June 1993 in the ‘Economics Focus’
Werner, Richard A. (1995), Liquidity Watch, Tokyo: Jardine Fleming Securities (Asia) Ltd.
Werner, Richard A. (1997). ‘Towards a New Monetary Paradigm: A Quantity Theorem of Disaggregated Credit, with Evidence from Japan’, Kredit und Kapital, vol. 30, no. 2, July 1997, pp. 276-309.
Werner, Richard A. (2002). ‘Monetary Policy Implementation in Japan: What They Say vs. What they Do’, Asian Economic Journal, vol. 16 no.2, Oxford: Blackwell, pp. 111-151.
Werner, Richard A. (2002b), ‘Stock Market Capitalism : Welfare Capitalism, Japan and Germany versus the Anglo-Saxons, by Ronald Dore’, Journal of Economic Literature, vol. 40, no. 4 (December)
Werner, Richard A. (2003a).Princes of the Yen, Japan’s Central Bankers and the Transformation of the Economy, New York: M. E. Sharpe, 2003; new English edition 2016, Quantum Publishers
Werner, Richard A. (2003b). ‘Aspects of Career Development and Information Management Policies at the Bank of Japan – a Frank Interview with a Former Central Banker’, The Japanese Economy, vol. 30, no. 4, New York: M. E. Sharpe.
Werner, Richard A. (2004). ‘No Recovery without Reform? An Empirical Evaluation of the Structural Reform Argument in Japan’, Asian Business and Management, 3, no. 1, 2004, London: Palgrave Macmillan.
Werner, Richard A. (2005).New Paradigm in Macroeconomics: Solving the Riddle of Japanese Macroeconomic Performance, Basingstoke: Palgrave Macmillan, 2005
Werner, Richard A. (2006), What accession countries need to know about the ECB: A comparative analysis of the independence of the ECB, the Bundesbank and the Reichsbank, International Finance Review, Vol 6: Emerging European Financial Markets (pp. 99-116), Amsterdam: Elsevier; ISSN: 1569-3767/doi:10.1016/S1569-3767(05)06005-X
Werner, Richard A. (2012). Towards a New Research Programme on ‘Banking and the Economy’ – Implications of the Quantity Theory of Credit for the Prevention and Resolution of Banking and Debt Crises, International Review of Financial Analysis, 25, 94-105, http://www.sciencedirect.com/science/article/pii/S1057521912000555
Werner, Richard A. (2013). Quantitative Easing and the Quantity Theory of Credit. Royal Economic Society Newsletter, July, pp. 20-22 http://www.res.org.uk/view/art5jul13features.html
Werner, Richard A. (2014a). How do banks create money, and why can other firms not do the same?An explanation for the coexistence of lending and deposit-taking, International Review of Financial Analysis, 36, 71-77, http://www.sciencedirect.com/science/article/pii/S1057521914001434
Werner, Richard A. (2014b). Enhanced debt management: Solving the eurozone crisis by linking debt management with fiscal and monetary policy, Journal of International Money and Finance, 49, 443-469, http://www.sciencedirect.com/science/article/pii/S0261560614001132
Werner, Richard A. (2015), A lost century in Economics: Three theories of banking and the conclusive evidence, International Review of Financial Analysis, 46, July, 361–379,online: http://www.sciencedirect.com/science/article/pii/S1057521915001477
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15. Book 15 out of 48 Free Books with Energy Enhancement..15. Eliminating the Shadow.. In this book, Satchidanand trashes the greatest most intellectual investigators and descriptors of the Shadow and the Shadow Subpersonalities.
Great People - The Highest of All Humanity - Jordan Peterson, Carl Jung, Niezsche, and every Psychotherapy, Psychological therapist who can describe the problem of the Shadow, talk about the problem of the shadow but have no Practical solution to the Shadow. All of those guys Failed to Solve the Problem of the Shadow. None of these guys have Any practical solution for the Shadow.. And it is the Shadow Subpersonalities which is the Source, The Fount, of All Evil on this Planet... And the Source of All Evil within You!!
Carl Jung says.. “There is no generally effective technique for assimilating the shadow. It is more like diplomacy or statesmanship and it is always an individual matter. First one has to accept and take seriously the existence of the shadow. Second, one has to become aware of its qualities and intentions. This happens through conscientious attention to moods, fantasies and impulses. Third, a long process of negotiation is unavoidable.” (Carl Jung)
As Jung notes in the passage above, he thought there is no general technique to integrate the shadow, even though the Buddha and Jesus Christ exemplified the Ancient Meditation Technology which is the only means for removing the Shadow. For thousands of years great souls have come to earth to demonstrate otherwise, that enlightenment is, "Tat tvam asi" Thou art that!! You are a part of the Universe and have nothing else to seek.
Energy Enhancement Meditation including Level 1 Alchemical VITRIOL to Ground Pain and Trauma from Memories and the Energy Enhancement Level 2 Seven Step Process to remove Energy Blockages by Purifying them then Integrating them with the Soul to create ONE Soul Infused Personality creating Spiritual Insight – combined with psychological knowledge Energy Enhancement is THE complete way of processing and integrating your Shadow Side into wholeness.
http://www.energyenhancement.org/Free-Book-Eliminating-the-Shadow-Jordan-Peterson-Carl-Jung-Nieszche-Maslow-Campbell.htm
See Swami Satchidanand talk about the Shadow on Videos
http://eemeditationvideo.org/watch/swami-satchidanand-responds-to-jordan-peterson-on-the-logos-your-shadow-and-enlightenment_thRQxc5GVPsS558.html
I am writing today because this is so important.
Only Energy Enhancement can Annihilate Evil on Earth and change this Planet into a Planet of Love and Light in this Place, for You, for Me, for the Entire Human Race.
It is about The Energy Enhancement Elimination of All Evil on this Planet.
You remember my latest book, Eliminating the Shadow Subpersonalities..
It is beneficial for everyone to heal themselves by removing ALL blockages using Energy Enhancement advanced techniques. Not just a handful.
Because the Shadow Subpersonalities are the Source, the Fount, of All Evil on this Planet.
The Shadow Subpersonalities are essentially Evil because they are cut off from the energies of God and thus from Good, because Only God is Good!!
Shadow Subpersonalities are virtual machines existing within the mind computer but with no access to God, "They are minds of metal and wheels" - Tolkien, with no access to genius because the geni etymologically, is the Soul.
Shadow Subpersonalities, cut off from the energies of God, can only live off the Soul infused Personality or the Essence within themselves or that Energy within other people.
Shadow Subpersonalities Vampirise the Energy of God and devise Evil schemes to get it.
Strategies, - the Strategies of the Vampire are all Attention Seeking schemes to Vampirise your Energy. The Poor Me Addictions, the Violator Bullying, the Selfish Competitive Black Star, the Sabotaging Self Destructor, are all Drama Queens - just a little Evil to destroy lives - Your Life, the Lives of your family, your City, and your Country.
You can see all these strategies busily at work in the people around you. You might even see them at work in yourself. Know that these strategies are even now turning you against the One Course which can Remove them.
ONE COURSE, ONE SOUL INFUSED PERSONALITY, ONE WORLD OF LOVE AND LIGHT!!
The Energy Enhancement Seven Step Process Can Easily Remove All your Strategies and Subpersonalities!
Most people are just a little evil, but over many lifetimes, as the number and power of Subpersonalities grow within you, so that the Demon on your left shoulder, debating with the Angel on your right shoulder becomes so powerful that you become more and more Evil.. Until you are entirely taken over by Evil.. Possessed by Evil, a Servant of Satan!!
THE ENERGY ENHANCEMENT ELIMINATION OF ALL EVIL
You can see in the picture below that most people are controlled by Shadow Subpersonalities.
The Energy Enhancement Meditation Course Level 3 - The Karma Cleaning Process - Remove Even Deeper Subpersonality Energy Blockages Click Below..
http://www.energyenhancement.org/Free-Book-Level-3-The-Karma-Cleaning-Process-Remove-Even-Deeper-Energy-Blockages.htm
These Evil Shadow Subpersonalities band together to take you over and repress the Soul infused Personality. They are then Evil psychopaths and this is bad enough. But when these Evil Shadow taken over people band together into groups, Satanic Evil Religions, Bloodline Families and Bloodline Races, Secret Societies, Cartels, Banksters - giving courses on how to repress further the soul infused personality - how to become even more Evil - then this is what and why I write in my Against Satanism series of Books - currently Eleven volumes available for FREE!! when you sign up for the newsletter at energyenhancement.org .
Satanism is gradually being instituted as the New World Order.
The New World Religion, defined by Satanic Ritual.
72 Empires have been recorded and every one of them has failed in the same way. The facts have been recorded that a totalitarian and satanic elite infil-traitored and took over all these Empires and that 72 once free, flourishing and rich republics were destroyed from within by Satanic Ritual - read Toynbee. Satanism is gradually being instituted as the New World Religion defined by Satanic Ritual.
Infil-traition of Satanism is the methodology as slowly every Government Ministry and Societal function is taken over. Eventually a Satanist becomes King Emperor President. LGBTP - The Satanist Ritual Pillars of Homosexuality, Pederasty, Pedophilia, Drugs and Ritual Sex - both Hetero and Homosexual - are introduced overtly as a prelude to Ritual Human Sacrifice and Ritual Baby Sacrifice. Christianity and Judaism - the bulwarks Against Satanism - are destroyed and then society destroyed through the fear of mandatory Ritual Human Sacrifice.
SEE THE VIDEO - HOW SATAN STEALS THE SOULS AND ENERGY OF ALL HIS FOLLOWERS
http://eemeditationvideo.org/watch/how-satan-steals-the-souls-and-energy-of-all-of-his-followers-revealed_DrCx7XVNAbLtQP5.html
The Ancient Enemy who counts meditation and the mind control psychic arts as one of its main planks of World Domination has used Satanic Infil-Traitors for 10,000 years in every Organisation - Religion, Left and Right Politics, Dynastic Families, Geopolitics, Economics, Universities, Intelligence Services, Think Tanks, Banking, International Companies, Eugenics.
Innoculate yourself Against Satanic Globalism which created Cybele and Attis, Baal, Molech, Zeus, Venus, Pedophile Plato, No Soul Aristotle, Catholicism, Protestantism, the Illuminaughty, Sabatean Frankism, Crowley's Ordo Templi Orientis (OTO), Islam, Wahhabic ISIS, the Muslim Brotherhood, Communism, Socialism, Gaia and Satanic Hitler's Pagan Eugenic Nazism by Downloading.. The Energy Enhancement Books - Against Satanism Volumes 1 - 11 by Satchidanand.
To understand how and why Evil has taken over this Planet, and how Energy Enhancement can free this Planet from All Evil... READ THE AGAINST SATANISM SERIES OF ELEVEN BOOKS!!
With Energy Enhancement Remove All these Evil Subpersonalities within you whilst you have the chance..
ONLY ENERGY ENHANCEMENT CAN ELIMINATE ALL EVIL!!
The Energy Enhancement Meditation Course is designed to
1. Open the Third Eye,
2. Use Alchemical VITRIOL to Remove Negative Energies,
3. Annihilate Negative Emotions,
4. Eliminate Gross Bodily Infirmities,
5. Access Infinite Spiritual Energy from the Chakras Above the Head,
6. Accelerate your Evolution,
7. Speeed Up!! your Process,
8. Enable your Enlightenment,
9. Intimate your Illumination,
10. Persue your Purification,
11. Blow up your Blockages,
12. Vibrate your VITRIOL,
13. Charge your Chakras,
14. Promote your Protection,
15. Subdue your Subpersonalities,
16. Sedate your Shadow,
17. Create Blooming Health,
18. Walloping Wealth,
19. Total Removal of All Blockages,
20. Total Removal of All Subpersonalities,
21. The Attainment of Goals, whatever you want, by removing the blockages preventing attainment of the goal.
22. Integration with the Soul,
23. One Soul Infused Personality,
24. Illumination,
25. Enlightenment,
26. Psychic Powers,
27. Eliminate all Evil in You and throughout the Whole Planet,
28. The Whole Universe of Love, Light, Happiness,
29. Genius - the Creation of Beauty, Abundance,
30. Invincibility, Strength, Goodness, God, and Heaven Here on Earth - NOW!!!!
For 10,000 years the whole of media, all world history, all information, has been censored, removed, distorted, perverted, so that the Truth, the whole truth and nothing but the truth can never be revealed.
As the Buddha said, "If I say something they won't understand it, if I write something it will be changed"
Satanic Phoenician Aristocratic Family Gatekeepers and paid Gatekeepers tell partial truths higher and higher up the intellectual ladder so the real truth can never be known.
I have been disturbed for some time by the reports of historians who say what happened and that the cause was Jews, Fascism or Communism or Capitalism, but with no research into the cause behind them.
How it came to be. Who is in charge of it!
The Satanic Phoenician Mega Trillionaires who have controlled humanity for 10,000 years developed a technique of spiritual vampirism, a Transhumanism to suck all the energy of humanity so they could take that energy into their reservoirs and use that energy to live forever out of the body.
They created the Religion of Satanism 10,000 years ago to institutionalise that vampirism in their evil Rituals, then also used their Mind Control Rituals to tightly control their adherants in their secret societies, to richly reward their worshippers, so that their worshippers of Satan would work to dumb down humanity secretly, permanently, so that the vampirisation of their energy could continue eternally without any pushback from the populace.
Satanism is defined by Satanic Rituals.. Mind Control Programs - LIVES FOR SATAN! - THESE RITUALS DEFINE SATANISM.. RITUAL SEX, RITUAL PEDOPHILIA, RITUAL SODOMY, RITUAL DRUGS, RITUAL BLOOD SACRIFICE, RITUAL HUMAN SACRIFICE, RITUAL TORTURE, RITUAL BURNING ALIVE, RITUAL CANNIBALISM, RITUAL CASTRATION, RITUAL VIRGIN SACRIFICE.
http://www.energyenhancement.org/Sacred-Energy/Against-Satanism-Volume-3/Against-Satanism-Volume-3-Satanic-Rituals.pdf
EPSTEIN CIA, MOSSAD AND MI6 BLACKMAIL AND SHAME KEEP THE SATAN WORSHIPPERS IN LINE TO DUMB DOWN AND DEGENERATE HUMANITY SO IT CAN NOT FIGHT BACK...
72 Empires have been recorded over 10,000 years and every one of them has failed in the same way. The facts have been recorded that a totalitarian and satanic elite infil-traitored and took over all these Empires and that 72 once free, flourishing and rich republics were destroyed from within by Satanic Ritual - read Toynbee.
Infil-traition of Satanism is the methodology as slowly every Government Ministry and Societal function is taken over. Eventually a Satanist becomes King Emperor President. LGBTP - The Satanist Ritual Pillars of Homosexuality, Sodomy, Pederasty, Drugs and Ritual Sex - both Hetero and Homosexual - are introduced overtly as Wokeness ESG, the Corporate Equality Index, as a prelude to Ritual Human Sacrifice.
Christianity and Judaism - the bulwarks Against Satanism - are destroyed and then society destroyed through the fear of mandatory Ritual Human Sacrifice.
The Ancient Enemy who counts meditation and the mind control psychic arts as one of its main planks of World Domination has used Satanic Infil-Traitors for 10,000 years in every Organisation - Religion, Left and Right Politics, Dynastic Families, Geopolitics, Economics, Universities, Intelligence Services, Think Tanks, Banking, Facebook, Twitter, International Companies, Vatican, Transhumanism, CRISPR Androids, Eugenics..
Sodomy and the Sodomy Ritual is at the heart of Satanism.
Bottom on bottom, 8 or 33 represents the Vitruvian man. The occultist da Vinci’s Vitruvian Man really depicts the buggery of the anterior man by the posterior man, the apex of Satanic Luciferian 33rd Degree Masonry or final “Mystery of Mysteries” of the secret societies as explicated by Walter Veith (to open their “Third Eye.”). The reign of the AntiChrist will be marked as the sodomite king of the world..
https://satchidanand.substack.com/p/energy-enhancement-meditation-sacred
SATANISM IS DEFINED BY SATANIC RITUAL RITUAL SODOMY OPENS THE THIRD EYE RITUAL SODOMY SPLITS THE MIND INTO SUBPERSONALITIES OR ALTERS In the House of the Strong Man Sodomy is the Key
https://satchidanand.substack.com/p/satanism-is-defined-by-satanic-ritual
The drawing together of a "Band of Thebes" British Aristocracy was particularly prized and brought about by the public school system started by Henry VI in 1440 at Eton but franchised to all schools very quickly. A hidden world drawn together by Pedophilic, Sodomy Ritual, homosexual warriors - the Heart of the Satanic British Empire - further, "Homosexuality follows Satanism like a stench"
Nicole Kidman: ‘Stanley Kubrick Said Pedophiles Run The World’
“Stanley told me the world is run by pedophiles,” Nicole Kidman said while promoting HBO’s Big Little Lies, in Los Angeles. “He studied secret societies his whole life, he was fascinated by them, and he said the elite, the top secret societies, they are full of men with a certain predilection. They are tied together, sort of bonded, by pedophilia like the ”Pact of Blood” where the Mafia entrants have to kill someone in order to join, these guys have to pedophile and human sacrifice like Epstein’s Pedo Island and the Lolita Jet - “They all know each other’s dark secrets. There is no way out for any of them. It’s a lifetime bond. Even if one of them wanted to go straight, repent, so to speak, he can’t. His peers will bring him down. They are in it until death, driving the world to ruin. That’s kind of how Stanley explained it but it was all very complex. I’m probably not doing it justice.”
https://satchidanand.substack.com/p/pg-wodehouse-and-british-empire-ritual
Thus in order to destroy free will, and institute total control over humanity, Satanism over 10,000 years has instituted Sodomy Rituals and pedophilia to control the upper levels of society by the use of institutions of public schools like, "Whipping and Fagging" all boys schools like Eton - founded as a mind control institution in 1438 by the King - where the Sodomy rape ritual sorted the boys into the Prussian Frederick the Great aggressive masculine homosexual rapine Penetrators, perpitrators, as in the 3000 years old Phoenician Colony of Thebes in Ancient Greece the "Band of Thebes" particularly successful Army of Gay Lovers, and the weak effeminate homosexual slaves or women or young boys.
BDSM Masters and Slaves.
All successful Generals, Politicians, Priests, Policemen, Professors came out of this background which then when refined by the Satanic Sodomy Ritual Secret Societies - the foundation of elite mind control for centuries - the 33rd Degree Freemasons, the Jesuits, the Illuminati and hundreds more - all based on the Mind Control Sodomy Ritual and Pedophilia supplied by Renfields like Jimmy Savile for the elite Draculas.
Remember, the purpose behind Satanism is total control of society by mind control, perversion and poison to dumm down humanity so they can be vampirised of their spiritual energy eternally because if humanity is allowed to evolve, to learn how to heal the mind, to psychically dissolve all these hundreds of lifetimes of mind control programs in the psychic body, the vampires can no longer exist!
https://satchidanand.substack.com/p/satanic-phoenician-mega-trillionaires
The key is that the Satanic Religion and it's current recruiting cults of Sodomy Ritual 33rd Degree Freemasonry, the Illuminati, Jesuits, Sabbatean Frankism, and the Crowlean Sexual Sodomy Ritual OTO - Ordo Templi Orientis, Yale Skull and Bones, Bohemian Grove - are Fake Gangs, created by men as a 10,000 years old technique to create psychopathic leaders and their minions, and thus conquer the world by constantly degenerating humanity into Orcs.
All Rituals, Religions, Education, Secret Services and Political Movements have been scientifically Engineered to create Fake Gangs for 10,000 years. It's what the old Roman Empire, The Babylonian Empire of Satanic Nimrod, and the Cult of Apollo and the Byzantine Empire did before.
As you know, every Gang has Blackmail Rituals before you can join. Making your Bones with the Mafia means you must murder someone before you can join. Drug Cartels like MS13, secret groups within the Masons, the Illuminati, Sabbatean Frankists, OTO, the Hellfire Club, all have their Human Sacrifice, Pedophilia and Sodomy Rituals before you can progress.
Epstein did not kill himself. He videoed Scientists from MIT and Harvard, Oligarchs, Politicians etc, Pedophiling young girls then Blackmailed them into doing the work of his Trillionaire sponsors - MKULTRA, Transhumanism, CRISPR Androids. As their willing victims are given access to stealing higher quantities of money, so they must go to the next level of Ritual. First it is 15 year old girls who look 25. Then it's 12 year olds, 5 year olds, and then its the murder of children, babies!
Since the Band of Thebes of fierce homosexual warriors, sodomy rituals bind together that Band of Brothers at the head of Military Organisations Worldwide, NATO, AZOV Battalion, the SS, American and British Army and Navy...
All to create a degenerated Satanic Society of Total Control through Human Sacrifice, poverty, starvation, bugs, miseducation, lack of education, Wokeness, Climate Change, Sustainability, poison in the air, water and food. Lack of infrastructure, Lack of Energy - Electricity, Coal, Petroleum, education and Total Censorship Control of the Media.
All of them Censoring Worldwide, Advanced Meditation techniques - Alchemical VITRIOL, the Kundalini Key and Energy Blockage Removal from every Meditation Program.. EXCEPT ENERGY ENHANCEMENT!! https://www.energyenhancement.org
The very word secrecy is repugnant in a free and open society JFK (27 April 1961)
The very word secrecy is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.
JFK (27 April 1961)
What We See when we Remove an Energy Blockage is the Secret of Infinite Energy, Secret of Eternal Life, the Secret of Immortality. Energy Blockages are Satanic, and it is this we see directly when we remove the blockages with the Energy Enhancement Meditation Course.. Energy Blockages do not exist alone, they are part of a network of evil, a network of control, which is designed not to allow people to understand the nature of that control, the purpose of that control, so as to maintain that control and the flow of energy - stolen from all human beings - to allow an elite of Black magicians, Sorcerers, Enchanters, Warlocks, Witches, Necromancers, Devils, Dark Gods... to live forever, Immortally, in private Universes, outside the body and then to download into a body from time to time, to maintain their Plantation, their Farm, their Property, to maintain the flow of stolen spiritual energy to them from every human being on this planet - Eternally. This is why I wrote Eleven volumes of Against Satanism..
See this..
http://www.energyenhancement.org/Third-Eye-Psychic-vision-see-Remove-Energy-Blockage-Secret-of-Infinite-Spiritual-Energy-Eternal-Life-Immortality-meditation-Energy-Enhancement-Seven-Step-Process.htm
In order to remove blockages using the Level 2 Seven Step Process, Internally, we teach you how to Ground every trace of Satanic Energy which makes sick, which perverts, which degenerates!
Externally we see the effect of Satanic Energy Blockages and their creators, on the World.. This is why I wrote Eleven volumes of Against Satanism.. available FREE! on signup on
Only Energy Enhancement can Annihilate Evil on Earth and change this Planet into a Planet of Love and Light in this Place, for You, for Me, for the Entire Human Race.
The best way to get around the internet censors and their shadow banning and make sure you see the stuff I publish is to subscribe to the mailing list for my website, energyenhancement.org which will get you an email notification for everything I broadcast and Free download access to the 52 Spiritual Books I publish.
My work is entirely reader-supported and the incredible Energy Enhancement Meditation Course supported so if you enjoyed this piece please consider sharing it around, donating to my substack account, throwing some money into my hat directly to my bank account (email me) via Transferwise, buying my hard copy books on Amazon https://www.amazon.com/s?k=swami+satchidanand Everyone, has my permission to republish or use any part of my work (or anything else I’ve written) in any way they like free of charge.
READ THE AGAINST SATANISM SERIES OF ELEVEN BOOKS!!
https://www.energyenhancement.org
SIGN UP TO ANY OF THE ABOVE AND GET 52 ESSENTIAL BOOKS FREE!
More than anything, learn the Energy Enhancement Spiritual Techniques to defend yourself against the Sexual Addiction Seduction Implant Blockage and Satanic Energy Blockage Implantation Mind Control.
BECAUSE IF HUMANITY IS ALLOWED TO EVOLVE THEY WOULD THROW OFF THEIR MIND CONTROL CHAINS…
Remember, the purpose behind Satanism is total control of society by mind control, perversion and poison to dumm down humanity so they can be vampirised of their spiritual energy eternally because if humanity is allowed to evolve, to learn how to heal the mind, to psychically dissolve all these hundreds of lifetimes of mind control programs in the psychic body, the vampires can no longer exist!
The Energy Enhancement Meditation Course is the only Spiritual program Right Hand White Magic path to removing lifetimes of Mind Control...
Reconnect to the Source of Infinite Energy. Find Flow and Direction in Life. Lost or unfulfilled Love. Sexuality and how to use it rightly. Wounds from sexual abuse. Isolation and abandonment. Powerlessness. Fears. Depression, grief, and suicidal thoughts. Guilt, anxiety, and anger. Repressed emotions/memories. Fears/phobias. Low self-esteem. Obsessive thoughts. Healing the inner child. Brain plasticity - Neuroplasticity is the brain's ability to change and adapt due to experience. It is an umbrella term referring to the brain's ability to change, reorganize, or grow neural networks when connected to higher spiritual energies and the removal of Energy Blockages. Emptying the mind of useless recurring memories to speedily recover the brain faster.
Energy Enhancement Level 0 Super Chi Prana, Spinal Electricity!! Power, Strength, and Immortality are given Free! with Level 1 http://www.energyenhancement.org/LEVEL-Energy-Enhancement-Super-Chi-Immortality-Prana-Meditation-Course.htm
Energy Enhancement LEVEL 1 Immortality - Activate the Antahkarana! Gain Infinite Energy from the Chakras above the Head - Power UP!! Open Your Third Eye, Gain Super Samadhi Kundalini Alchemical VITRIOL Energy. The Star Tantra Union of Shiva and Shakti, Ground All Negative Energies. Access Quantum Immortality. The Projection of Energy from the Third Eye and the Heart. Psychic Protection. http://www.energyenhancement.org/Level1.htm
Energy Enhancement LEVEL 2 - The Energy Enhancement Seven Step Process to Totally Remove Mind Control Energy Blockages, Totally Remove All Problems, Totally Remove Negative Emotions, Remove Energy Blockages from the Body, from the Chakras, from the Infinity of Chakras above the Head, from the Infinity of Chakras below the base, Heal Your DNA, Remove your Karma - OPEN YOUR LIFE!! http://www.energyenhancement.org/Level2.htm
Energy Enhancement LEVEL 3 - Eliminate even Deeper Energy Blockages - The Removal of Strategies. The removal of past life vows, Quantum Integration. The Karma Cleaning Process to Eliminate All Your Karma, all your Trauma, all your Energy Blockages from All Your Past Lifetimes!! http://www.energyenhancement.org/Level3.htm
Energy Enhancement LEVEL 4 - Stop the Suck!! Heal All your Relationships!! Open your Heart, Remove Negativity from all your Relationships, Star Tantra, and Find Your Twin Flame!! MASTER ENERGY CONNECTIONS AND RELATIONSHIPS - Star Tantra Horizontal Energy Cord cleaning and chakra cleaning therapy for couples (create powerful pure connections; no sex involved) - only for a couple of retreat http://www.energyenhancement.org/Level4.htm
OPENING THE HEART!! Nine One hour Videos - a nine day video program working on purifying Anahata chakra.. And we implant positive thoughtform angels. Implant your Goal! This is just the start of Level 5 - the Opening of the Heart! Free Book! Free Nine Day Video Program with Satchidanand and Devi Dhyani!
Download the siddhi book here..
http://www.energyenhancement.org/Sacred-Energy/Siddhi-Program/The-Energy-Enhancement-Siddhi-Program-Book.pdf
Just imagine spending years of your time meditating with lesser courses yet getting nowhere!
With Energy Enhancement you will Speed to your goal, Superfast! Self Realization is attained effortlessly in Energy Enhancement by the grace of the Gnani (spiritual master). Many have experienced this eternal happiness! You, too, can attain this bliss!
Satchidanand has been teaching Meditation for 40 years and developed the Energy Enhancement Meditation Streaming Video Course based on 5000 years of repressed Spiritual Technology which works.
You can learn this course live in Iguazu Falls in Brazil or Palolem Beach in India or by the Energy Enhancement Video Meditation Course.
https://www.energyenhancement.org/4-Night-3-Day-Rapid-and-Transformative-Third-Eye-Opening-Energy-Enhancement-Meditation-Retreat-Palolem-Goa-India.htm
Email us now!
16. AGAINST SATANISM VOLUME 1 - The Satanic History of the World Part 1
This AGAINST SATANISM VOLUME 1 - The Satanic History of the World Part 1 is the first volume in a series of books written in order to delineate the Satanic History of the World proving not only that the "Old Religion"of Satanism has been the hidden Religion of the World from 10,000 years before Christ but also even now Satanism is the Religion of the Satanic Phoenician Mega Trillinaires of the Black Nobility, the Rockefellers and the Rothschilds and is guiding the Post Human Transhumanic vision of eugenocide for 99% of the World's population and of Immortality for the Satanic Elite today.
Protect Yourself against the Satanic Science of Energy Blockages with The Energy Enhancement Streaming Video Meditation Course. Innoculate yourself Against Globalism by Downloading.. Energy Enhancement Books - Against Satanism in Eleven Volumes by Satchidanand.
We know the effects of meeting one psychopath and the destruction he can wreak in our lives. Wisdom teachings teach how to overcome their strategies and,"stay away from evil".
Satanism, - The Old Religion" - is when all the satanic psychopaths get together in one group to wreck the world - a Eugenocide to reduce the population by 99% with Covid-19, MRNA vaccines and their poisonous spike proteins and sv40 cancer viruses, CBDC digital Currencies, Social Credit Scores, De-banking, destruction of the economy through Climate Change Policies killing cattle, stopping petroleum and coal, reducing Nitrogen Fertilizer preduction, reducing food production, inducing starvation for billions together with middle class destroying lockdowns and oxygen destroying muzzles - to their benefit.
Energy Enhancement Wisdom teachings describe the historical problem and the means to overcome it. "Vampires hate the light of truth".
British Destruction of France with its created French Revolution and Jacobins, commanded by Palmerston, Necker, Bentham, Mazzini and Masonry.
Karl Marx wrote Communism Das Kapital from his office in the British National Library in London from the notes of Ambassador Urquhart. The British Superagent Marx creation of Communism in London overturning and degenerating Russia with Jacobin Bolsheviks and Agents Lenin and Stalin - 60 millions murdered and China with Superagent Mao - 100 millions murdered.
Satanic Karl Marx was a British Agent and the Communist takeovers of Russia by the Bolshevics and British Agents Lenin and Stalin and China by the Red Guards and Satanic 33rd Degree Freemason, Yale Educated Mao.. killed 160 million people in the 20th century..
Click Below..
https://againstsatanism.com/Against-Satanism/Against-Satanism-Energy-Enhancement-Satanic-History-of-the-World-Volume-1.pdf
17. AGAINST SATANISM VOLUME 2 - Pedophile Plato and No-Soul Aristotle - The Foundations of Western Philosophy!
The inspiration for the fascist state comes from Plato, the male supremacist and apologist for pederasty. Plato is revered as the preeminent classical philosopher, although his apparent advocacy of man/boy sex is not commonly known. A prototypical statement by the philosopher is recorded in George Grant’s Legislating Immorality: “Through the nightly loving of boys, a man, on arising, begins to see the authentic nature of true beauty” (Grant, 1993:24).
Plato’s Republic is his best known work.
The following is a summary of the Republic from W.K.C. Guthrie’s A History of Greek Philosophy:
The Republic (c.370 BC) advances many of Plato’s principal ideas, notably those concerned with government and justice. Composed as a debate between Socrates and five other speakers, The Republic is best known for its description of the ideal state (based on Sparta), which Plato argues should be ruled by Totalitarian Dictator philosopher-kings (Guthrie in Grolier).
As we have noted, the Spartan society was dominated by a pederastic warrior cult that featured mandatory induction of twelve-year-old boys into homosexual partnerships with adult men. Like all such cults, the Spartan military was rigidly hierarchical and elitist. Plato’s concept of the “philosopher-king” is that of an autocratic dictator leader appropriate to such a society. The Totalitarian Dictator Philosopher-King rules over a kind of fascist utopia. Interestingly, Plato’s idealized society in the Republic includes the elimination of the family as a social unit and the elimination of private property.
READ - AGAINST SATANISM VOLUME 2 - The Satanic Foundations of Western Philosophy by Satanic Pedophile Eugenocidalist Plato's Republic - "The Concealment of Wickedness and Human Sacrifice" and Satanic No-Soul Aristotle.
Click Below..
http://www.energyenhancement.org/Free-Book-Against-Satanism-Volume-2-Satanic-Foundations-Western-Philosophy-Satanic-Pedophile-Eugenocidalist-Plato-Republic-Concealment-of-Wickedness-and-Human-Sacrifice-Satanic-No-Soul-Aristotle.htm
18. AGAINST SATANISM VOLUME 3 - Satanism is defined by Satanic Rituals.. LIVES FOR SATAN! - THESE RITUALS DEFINE SATANISM.. RITUAL SEX, RITUAL SODOMY, RITUAL DRUGS, RITUAL BLOOD SACRIFICE, RITUAL HUMAN SACRIFICE, RITUAL TORTURE, RITUAL BURNING ALIVE, RITUAL CANNIBALISM, RITUAL CASTRATION, RITUAL VIRGIN SACRIFICE.. Abortion, Baby Killing, Vaccines, Autism, Pandemics.
Click Below..
http://www.energyenhancement.org/FREE-BOOK-AGAINST-SATANISM-VOLUME-3-Satanism-is-defined-by-Satanic-Rituals.htm
Satanism is gradually being instituted as the New World Religion defined by Satanic Ritual.
72 Empires have been recorded and every one of them has failed in the same way. The facts have been recorded that a totalitarian and satanic elite infil-traitored and took over all these Empires and that 72 once free, flourishing and rich republics were destroyed from within by Satanic Ritual - read Toynbee.
Infil-traition of Satanism is the methodology as slowly every Government Ministry and Societal function is taken over. Eventually a Satanist becomes King Emperor President. LGBTP - The Satanist Ritual Pillars of Homosexuality, Pederasty, Drugs and Ritual Sex - both Hetero and Homosexual - are introduced overtly as a prelude to Ritual Human Sacrifice. Christianity and Judaism - the bulwarks Against Satanism - are destroyed and then society destroyed through the fear of mandatory Ritual Human Sacrifice.
The Ancient Enemy who counts meditation and the mind control psychic arts as one of its main planks of World Domination has used Satanic Infil-Traitors for 10,000 years in every Organisation - Religion, Left and Right Politics, Dynastic Families, Geopolitics, Economics, Universities, Intelligence Services, Think Tanks, Banking, Facebook, Twitter, International Companies, Vatican, Transhumanism, CRISPR Androids, Eugenics..
The key is that the Satanic Religion and is current recruiting cults of Freemasonry and the Crowlean Sexual Ritual OTO - Ordo Templi Orientis - are Fake Gangs, created by men as a 10,000 years old technique to create psychopathic leaders and their minions, and thus conquer the world.
All Rituals, Religions, Education, Secret Services and Political Movements have been scientifically Engineered to create Fake Gangs for 10,000 years. It's what the old Roman Empire, The Babylonian Empire of Satanic Nimrod, and the Cult of Appollo and the Byzantine Empire did before.
As you know, every Gang has Blackmail Rituals before you can join. Making your Bones with the Mafia means you must murder someone before you can join. Drug Cartels like MS13, secret groups within the Masons, the Hellfire Club, all have their Rituals before you can progress.
Epstein did not kill himself. He videoed Scientists from MIT and Harvard, Oligarchs, Politicians etc, Pedophiling young girls then Blackmailed them into doing the work of his Trillionaire sponsors - MKULTRA, Transhumanism, CRISPR Androids. As their willing victims are given access to stealing higher quantities of money, so they must go to the next level of Ritual. First it is 15 year old girls who look 25. Then it's 12 year olds, 5 year olds, and then its the murder of children, babies!
All to create a Satanic Society of Total Control through Human Sacrifice, poverty, lack of education, poison in the air, water and food. Lack of infrastructure, education and Total Control of the Media.
All of them Censoring Worldwide, Advanced Meditation techniques - Alchemical VITRIOL, the Kundalini Key and Energy Blockage Removal from every Meditation Program.. EXCEPT ENERGY ENHANCEMENT!! http://www.energyenhancement.org
The very word secrecy is repugnant in a free and open society JFK (27 April 1961)
The very word secrecy is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings… For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence – on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.
JFK (27 April 1961)
READ - AGAINST SATANISM VOLUME 3 - Satanism is defined by Satanic Rituals.. LIVES FOR SATAN! - THESE RITUALS DEFINE SATANISM.. RITUAL SEX, RITUAL PEDOPHILIA, RITUAL DRUGS, RITUAL BLOOD SACRIFICE, RITUAL HUMAN SACRIFICE, RITUAL TORTURE, RITUAL BURNING ALIVE, RITUAL CANNIBALISM, RITUAL CASTRATION, RITUAL VIRGIN SACRIFICE.. Abortion, Baby Killing, Vaccines, Autism, Pandemics.
Click Below..
http://www.energyenhancement.org/FREE-BOOK-AGAINST-SATANISM-VOLUME-3-Satanism-is-defined-by-Satanic-Rituals.htm
The wicked foundations of Clown World
Clown World is built upon a series of intellectual pillars that range from Darwin, Diderot, and Freud to Einstein, Keynes, and Foucault. The first thing that rapidly becomes apparent when one regards them as a set is first, that they are all frauds. The second thing one realizes is what a collection of seriously evil sexual deviants they tend to be:
A French-American professor has accused fellow intellectual Michel Foucault of being a "paedophile rapist", a report by The Sunday Times said.
In an interview, Guy Sorman said he found out about Foucault's behaviour after visiting the late philosopher in Tunisia where he was living in 1969.
"Young children were running after Foucault saying 'what about me? take me, take me'," he said to The Sunday Times. "They were eight, nine, ten years old. He was throwing money at them and would say 'let’s meet at 10pm at the usual place'. He would make love there on the gravestones with young boys. The question of consent wasn’t even raised."
Sorman argued that Foucault was able to get away with this because of the racial element of his affairs.
"Foucault would not have dared to do it in France… There is a colonial dimension to this. A white imperialism," Sorman said.
In the interview Sorman said he "regrets" not reporting this "extremely morally ugly" behaviour to the police. He added that the press had been aware of Foucault’s conduct but were reluctant to publish stories due to his status as France’s "philosopher king" alike to that of a "god".
The philosopher who died in 1984 signed a petition in 1977, which sought to legalise sexual relations with children aged 13 or above.
Don't be misled. Whatever aspect of Clown World rhetoric happens appeals to you, be it free trade, freedom of expression, libertarianism, judeo-christianity, equality, tolerance, or respect, it's really all about pedos and human sacrifice. It's literally all designed to lead there in the end.
https://voxday.blogspot.com/2021/04/the-wicked-foundations-of-clown-world.html
19. AGAINST SATANISM VOLUME 4 - SATANIC HOMO-OCCULTISM SATANIC HITLER - THE HOMOSEXUAL ROOTS OF FASCISM - Black Magician Homosexual Hitler created homosexual Cults based upon Black Magic - taught to him by Guido von List and the Armanen Order, Jorg Lanz von Liebenfels and Ariosophy, The Thule Society, Madame Blavatsky and the Theosophical Society, and Friedrich Nietzsche.
Swami Satchidanand
Swami Satchidanand
CONTENTS
Tantra And Homosexuality In Satanic Ritual Homo-Occultism, Forced Pederasty, Tantra, Sodomy, Anal Sex 10 Ex-Banker Claims He Was Invited To Take Part In Child Sacrifice Rituals 26 The Alchemical Homunculus And The Jewish Golem And The Creation Of Evil Energy Blockage Implants - The Nature Of Good And Evil 49 Homosexual Ritual And The Cult Of Cybele And The Cult Of Moloch 78 Tantra And Homosexuality In Satanic Ritual - The Satanic Left And Spiritual Right Hand Paths Of Awakening The Kundalini 144 In The House Of The Strong Man, Satanic Sodomy Is The Key - The Sodomic Ritual Implantation Of Energy Blockages As Part Of The 10,000 Years Satanic Science Of Mind Control Through Sub-Personalities Created Through Hypnotism, Drugs And Tantric Sex 152 The Role Of Pagan Satanic Ritual Homo-Occultism In Leading The Fall Of The Roman Empire And The Degeneration Of Hitlers Germany 22
The Nazis 224 The Nazi Hatred Of Judeo-Christian Anti-Homosexual Morality - "Homosexuality Is The Backdoor To Satanic Ritual" 258 Homosexuality And Islamist Terrorism 289 American Homo Fascism 298 Theosophy 316 Jorg Lanz Von Liebenfels And Ariosophy 323 These Rituals Define Satanism.. Loveless Ritual Sex, Sodomy, Pedophilia, Ritual Drugs, Ritual Blood Sacrifice, Ritual Human Sacrifice, Ritual Torture, Ritual Burning Alive, Ritual Cannibalism, Ritual Castration Ritual Sex, Masonic Palladian Rite, Oto Rituals 345 Energy Enhancement And Tantra By Satchidanand - What Is Tantra? 443 Satanists Pizzagate, Spirit Cooking, Marina Abramovic, Satanism Worldwide For 10,000 Years 467
This means Pedophilia Sex Rituals and a means of Totalitarian Fear Control of Human Sacrifice.
As presently occurs in Totalitarian No-Soul Communist China. Christians, Buddhists and Falun Gong are executed in special organ harvesting vans - Human Sacrifice.
They have ten of these vans in every city and they work all day long taking fresh organs to the airport for implantation in Japan. The organs harvested and sold to Rich Oligarchs Worldwide
SATANIC HOMO-OCCULTISM AND THE HOMOSEXUAL ROOTS OF FASCISM - Black Magician Homosexual Hitler created homosexual Cults based upon Black Magic - taught to him by Guido von List and the Armanen Order, Jorg Lanz von Liebenfels and Ariosophy, The Thule Society, Madame Blavatsky and the Theosophical Society, and Friedrich Nietzsche.
Because the Torah and the Bible prohibit Homosexuality, in order to introduce Satanism and its Satanic Rituals, Hitler decided to destroy Judaism and Also he changed Christianity - Jesus - into a Sun God associated with Odin by sending all clerics to the death camps along with all the Ritual burning holocaust six million Jews.
After that he allied with Islam because Islam promotes a warrior Spartan Pedophilia and Sex Slavery of Women - "Women for breeding, boys for love" See, Thousands of child prostitutes in every city of Britain - Rochdale child sex abuse ring https://en.wikipedia.org/wiki/Rochdale_child_sex_abuse_ring
Hitler's NAZI is National Socialism, an offshoot of No-God Communism - You can see this plan occurring in Western Civilisation everywhere, NOW!!
READ - AGAINST SATANISM VOLUME 4 - SATANIC HOMO OCCULTISM, SATANIC HITLER
Click Below..
http://www.energyenhancement.org/FREE-BOOK-AGAINST-SATANISM-VOLUME-4-SATANIC-HOMO-OCCULTISM-SATANIC-HITLER.htm
20. AGAINST SATANISM VOLUME 5 - Satanic Economics and the Satanic Principle of Poverty Published Feb 2019
We know the effects of meeting one psychopath and the destruction he can wreak in our lives. Wisdom teachings teach how to overcome their strategies and,"stay away from evil".
Satanism, - The Old Religion" - is when all the psychopaths get together in one group to wreck the world to their benefit. Energy Enhancement Wisdom teachings describe the historical problem and the means to overcome it. "Vampires hate the light of truth".
The key is that the Satanic Religion and its recruiting cults of Freemasonry and the Crowlean Sexual Ritual Ordo Templi Orientis are Fake Gangs, created by men as a technique to conquer the world.
The Ancient Satanic Enemy who counts meditation and the mind control psychic arts as one of its main planks of World Domination has used Satanic Infil-Traitors for 10,000 years in every Organisation - Religion, Left and Right Politics, Dynastic Families, Geopolitics, Economics, Universities, Intelligence Services, Think Tanks, Banking, International Companies, Global Warming, Eugenics..
And Banking Infiltration by Satanic Banksters supported by the False Fabulous Science of Economics..
And this book pricks the bubble of Fake Satanic Economics because Godly people could never set up the World banking and economic system described in these pages.
Only Satanists could create a system which is against the evolution of Humanity to the Stars.
Instead, the Satanic Banksters promote the Principle of Poverty, barefoot, back on the reservation, in debt to the company store.
https://againstsatanism.com/Sacred-Energy/Against-Satanism-Volume-5/Against-Satanism-5-Satanic-Economics-the-Satanic-Principle-of-Poverty.pdf
20a. Companion Volume to Volume 5 - Satanic Economics and the Satanic Principle of Poverty - The Babylonian Woe - the History of Money and the Phoenicians who created it.
Meyer Amschel Rothschild, who founded the great Satanic international banking house of Rothschild which, through its affiliation with the European Central Banks, still dominates the financial policies of practically every country in the world, said: 'Permit me to issue and control the money of a nation, and I care not who makes its laws.'
In this time, as today, the people were almost entirely at the mercy of the Satanic private persons controlling their money, who then controlled the inflow of precious metals, silver and gold, the foundation of the people's money. The Satanic policies of these controllers from their standpoint as internationalists, with Banks and secret agents in both countries, were necessarily directed towards the creation of war against the well-being of mankind. Frequent wars were above all the prime essential..
1. Arms sales - The selling of weapons and war materiel to both sides of the war.
2. Chaos towards the destruction of the natural system of rule previously defined, which had been the protection of the people, to create the Satanic recruiting process of despair, nihilism, and then Satanism in the people.
3. War booty towards the reinjection into the system of hoarded coin and bullion, and consequent reinflation of the money supply;
4. The buying of property, farms and businesses in the defeated country for cents on the dollar.
5. Not the least important, the enslavement of the defeated populace and prisoners of war - gathering of a new crop of slaves for working the poisonous heavy metal mines to replace those stocks of silver and gold, so necessary to the foundation of their money power, and the maintenance of their international hegemony in consequence...
http://www.energyenhancement.org/Sacred-Energy/The-Babylonian-Woe-History-Economics-Money.pdf
21. AGAINST SATANISM VOLUME 6 -The Satanic History of the World Part 2 Published May 2019
See http://www.energyenhancement.org/8aky78umhxi31.jpg
Dark Forces have used Infiltrating Bloodline Phoenician/Jewish aristocratic Families which have existed for over 5000 years before the Birth of Christ. Using emotional rhetorical religious concepts to control humanity, they themselves worship all the Pagan Gods, including Lucifer, Satan, Baal, Bel, Molech, Ashtoreth, Cybele and Attis. In this book we find that over thousands of years, spook, Bloodline Phoenician/Jewish aristocratic Families infiltrated every country, every Empire, taking over or infiltrating every ruling aristocracy and aristocratic, bloodline family, in Europe, Britain, America, India, China and in every other country in the World.
http://www.energyenhancement.org/Sacred-Energy/Against-Satanism-Volume-6/AGAINST-SATANISM-6-Satanic-History-of-the-World-Part-2.pdf
22. AGAINST SATANISM VOLUME 7 -The Satanic History of the World Part 3 Published Jan 2020
The Cancer of The Venetian Empire – The Phoenician Empire - Metastases into the Anglo-American Empire. The Suppression of Science.
http://www.energyenhancement.org/FREE-BOOK-AGAINST-SATANISM-VOLUME-7-the-Cancer-of-Venice-Metstatises-into-the-English-American-Empire-and-the-Suppression-of-Science.htm
23. AGAINST SATANISM VOLUME 8 -The Satanic History of the World Part 4 Published Jan 2020
The Cancer of The Venetian Empire - The Phoenician Empire - Merges with the Satanic Catholic Church
The reputation and good behaviour of hundreds of millions of good Catholics in no way is questioned by highlighting the deliberate actions of a few thousand dedicated Satanists, Baalists and Luciferians who have caused world wars and sacrificed millions to demon gods.
The Roman Cult and associated networks of Sabbatean and secret Satanic organisations since the 14th and 15th Centuries is the only time in the history of civilization whereby a “sacred” religious ceremony was established for the systematic and widespread encouragement of its clergy to Satanically ritualistically abuse children...
Saint Francis of Assissi was the son of the Satanic Phoenician Mega Trillionaire family importing drugs, spices, silver and gold from China and India into Europe banned by the Emperor of Constantinople then conjoined with the Satanic Catholic Pope to share the business under the Fake order of monks - Sea Seclorum, gave secret military and naval technology to King John III of England who created 40 advanced Oaken ships and together they sacked Constantinople in 1204 bringing the loot back to Venice where Saint Francis became the Doge of Venice.
Himmler was Head of the Military Arm of Catholicism, the Jesuits. Hitler was supported by Pope Pius XII. The SS Knights of the Golden Sea Seclorum based on the Jesuit Order were an Order of the Catholic Church.
And Much, Much, More..
http://www.energyenhancement.org/Sacred-Energy/Against-Satanism-Volume-8/Against-Satanism-8-One-Evil.pdf
https://againstsatanism.com/Sacred-Energy/Against-Satanism-Volume-8/Against-Satanism-8-One-Evil.pdf
24. AGAINST SATANISM VOLUME 9 - The Satanic Suppression of Science
Satanic Secret Agents, Aristotle; Contarini, Pomponazzi and Giorgi; Sarpi, Galileo and Kepler; Conti, Newton against Leibniz - The Satanic Corruption of Science by the Satanic, Slave Trading, Drug Running, Bankster run Venetian Empire to suppress Steam, Tesla, Fission and Fusion.
Satanic Control comes from the Satanic, "Policy of Poverty" and the Satanic, "Policy of Poisoning" by means of the, "Borgia Cup" and indeed Satanism itself which is a form of Mind Control to create the Psychopaths who will follow any orders.
These policies are designed to weaken the opposition to the Satanic Religious leaders whose aim is to continue ruling humanity as they have ruled the Human Herd for 10,000 years since Satanic Babylon in order to Steal their Spiritual Energy.
All religions are created by the Fascist Peerage Robber Barons whose Genealogy goes back to Satanic Babylon and their created Religions of Satanism, Luciferianism, the Cult of Apollo, Dionysus, Isis, Horus, Osiris have been created to control the upper levels of society for the real Peerage Robber Baron owners for thousands of years. Because if you believe a Satanic created, infiltrated religion, you will believe anything, do anything for the comparmentalised top of the Hierarchy.
Yet, "False Gold is there only because Real Gold Exists" - Tamil Siddar Alchemist Thiruvalluvar
If a member of the Peerage Fascist Robber Baron Elite partakes of the normal Satanic Rituals extant for thousands of years designed to reduce people to the level of a psychopathic beast of..
1. Animal and human sacrifice rituals.
2. Canibalism rituals.
3. Drug rituals,
4. Sex rituals - homosexual sodomy rituals - pederasty rituals - bestiality rituals - torture rituals.
5. The castration rituals of Cybele and Attis.
and then you have your pictures and videos taken by Epstein, Ghislaine Maxwell, or Jimmy Savile, of you doing it, then you tend to follow orders!!
Rather than concentrating on problems with food, security and housing which poverty induces in all, only wealth and education can lead humanity to evolutionary meditation the foundation of Human Evolution to the Stars.
Realise that Austerity is not an accident.
Everything must be planned.
If Austerity can be planned and executed for the USA and Europe over 50 years since the assassination of John Kennedy then wealth too can be planned!!
Only wealth can lead Human Evolution to the Stars, therefore anti-evolutionary Satanism created by the Robber Baron oligarchic elite for the purpose of creating poverty, so as to maintain their control over thousands of years, has acted to degrade every part of human society including science as the Satanic Frankfurt school has acted to similarly degrade philosophy, music and art, and the Satanic Robber Baron Drug trade has acted to destroy all culture and civilisation and the poisoning of air, food and water by fluoride, genetically modified foods, glyphosate and other pesticides, and incinerator dioxins and VOC's to destroy the health and energy of all humanity.
In order to secure acceptance for their Satanic ideas, the Satanic Venetian Party seeks to control the way people think. If you can control the way people think, say the Satanic Venetians, you can control the way they respond to events, no matter what those events may be.
It is therefore vital to the Satanic Venetians to control philosophy and especially science, the area where human powers of hypothesis and creative reason become a force for improvements in the order of nature.
It is therefore vital to the Satanists to control and supress science because Science is the source of all Wealth creation which can lift Humanity from the level of a beast to Enlightenment itself.
http://www.energyenhancement.org/FREE-BOOK-AGAINST-SATANISM-VOLUME-9-The-Satanic-Suppression-of-Science.htm
25. AGAINST SATANISM VOLUME 10 - British Empire Ritual Sodomy Ritual Band of Thebes. Satanic Mega-Trillionaire US $2,080 Trillion Phoenician Rothschilds Control the World through Vanguard Group and Blackrock. The Black Magicians, Living out of the Body in Private Universes on the Astral Plane
The Black Magicians, Living out of the Body in Private Universes on the Astral Plane
Satanic Mega-Trillionaire US $2,080 Trillion Phoenician Rothschilds Control the World through Vanguard Group and Blackrock
AGAINST SATANISM VOLUME SIX - The Satanic 10,000 years old Phoenician Mega Trillionaire Aristocrats
Your Enemy is the Satanic Phoenician Mega Trillionaires.
SATANISM IS DEFINED BY SATANIC RITUAL RITUAL SODOMY OPENS THE THIRD EYE RITUAL SODOMY SPLITS THE MIND INTO SUBPERSONALITIES OR ALTERS
In the House of the Strong Man Sodomy is the Key
Removing the many Trauma-Formed Subpersonality Superegos and Revealing the One Powerful Soul Infused Personality Ego You!
The Hubris of Morgoth and The Rings of Power - the Story of Fight against Sauron a Demon who lives out of the Body, thrown out of the body by having the One Ring cut off his finger by Isildur
P.G. Wodehouse and British Empire Ritual Sodomy Band of Thebes Propagandised for Hitler, Propagandised for the Satanic Phoenician Mega Trillionaires
ENERGY ENHANCEMENT MEDITATION SACRED SYMBOLS FOR PERFECT WISDOM ENLIGHTENMENT AND THE SATANIC PERVERSION OF THESE SYMBOLS
WETIKO, ARCHONS - THE COLIN WILSON MIND VIRUS ENERGY BLOCKAGES COLLECTIVE CURED BY ENERGY ENHANCEMENT MEDITATION
The Attack of the Neocon Straussians
The Leo Strauss Neocon Children of Satan by Lyndon LaRouche
IT'S NOT JUST THE DEATHVAXX IT'S VIOXX AND STATINS TOO!
VAMPIRE ADDICTION IMPLANT ENERGY BLOCKAGES, VAMPIRE SEXUAL ADDICTION IMPLANT ENERGY BLOCKAGES, VAMPIRE DRUG ADDICTION IMPLANT BLOCKAGES, VAMPIRE FOOD ADDICTION IMPLANT BLOCKAGES
PAUL CRAIG ROBERTS THINKS THAT PUTIN IS STUPID!
https://againstsatanism.com/Sacred-Energy/Against-Satanism-10-The-Satchidanand-Substack-Volume-1/Against-Satanism-10-The-Satchidanand-Substack-Volume-1.pdf
26. AGAINST SATANISM VOLUME 11 - The Satchidanand Substack Articles Volume 2 - The Black Magicians, Living out of the Body in Private Universes on the Astral Plane
Table of Contents
The Energy Enhancement Streaming Video Meditation Course and the Nine Volumes of the Against Satanism Series
How to Avoid being Psychically Attacked or Black Magic Attacked
SATANIC SODOMY MIND CONTROL - FOURTH GENERATION WARFARE - AND THE WEAPONISED FABIAN AGENDA
Brad Pitt is an Aristocrat of the Infiltrating Bloodline Satanic 10,000 years old Phoenician Mega Trillionaire Aristocratic Families
LIMITLESS - THE MOVIE OF ILLUMINATION
Nothing Fails like Success.
Satanic Phoenician Mega Trillionaire Rishi Sunak went to the Eton "Whipping and Fagging Band of Thebes" Sodomy Agenda
Transhumanism - Living Eternally, Immortally outside the Body - and the Satanic Phoenician Mega Trillionaire Aristocratic Families
On Earth there is a Spiritual battle between Good and Evil 2.
Yoga Sutras of Patanjali, Book One, Sutra 19. "Those who merely leave their Physical Bodies and attain the state of celestial deities, or those who get merged in Nature, have Rebirth."
THE STEALING, THE HARVESTING OF YOUR SPIRITUAL ENERGY IN THE WACHOWSKI'S JUPITER ASCENDING
These Satanic Malthusians Demand Genocide
Alan Watt Recommended Book List
52 Free Energy Enhancement Books
https://againstsatanism.com/Sacred-Energy/Against-Satanism-11-The-Satchidanand-Substack-Volume-2/Against-Satanism-11-The-Satchidanand-Substack-Volume-2.pdf