CWT Ideology. Aleksey Muratov

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СКАЧАТЬ and is bitterly unfair towards people

      and destructive towards nature. This system is based on the

      colonization and exploitation of people, states, energy, minerals

      and technologies. The way global capital is being exploited is at

      the root of religious conflicts between people and communities.

      For centuries the financial system has been taken control of

      the world’s resources and markets, and influenced governments,

      mass media, education, medicine and even our food supply. A

      few of the world’s richest families and their corporations exert

      direct control over the scope of all major human activity.

      How could this happen? To answer this question let’s turn

      to history.

      The history of money extends back over thousands of

      years. At the dawn of the human civilization, when there was

      no money, only hard work could give you clothing, shelter and

      food. Over time the main human occupations (gathering and

      hunting) moved to the next level and our ancestors could raise

      cattle and grow their own food. As a result, a surplus of goods

      and produce started to appear.

      A tribe which had a large number of animal skins but short

      of grain could exchange with another tribe that had a surplus of

      grain. This is how bartering started. As humans developed, the

      barter also developed and covered an even greater number of

      goods and services.

      The most famous example of bartering in human history

      is the bargain of Peter Minuit in 1626. For trinkets and beads

      costing $24 he obtained the island of Manhattan. In 1993 the

      island was valued at $50 billion.

      Gradually people realized that carrying a bag of wheat or

      dozens of skins for exchange was not very convenient. By trial

      and error humans began using silver and gold as an equivalent

      for exchange. Gold and silver could not be faked or spoil, so

      they served as money for a long time.

      Jewelers began minting gold and silver coins. They needed

      a reliable storage for gold and silver ushering in the first safes.

      Soon, traders and the general population began to rent space in

      the jewelers safes to store their coins and valuables. So, long

      before credit existed jewelers began to lease shelves in their

      safes earning income from that business.

      Years later one jeweler began to understand that people

      never came for their gold all at once. This occurs because

      people were holding onto obligatory bills given by the

      jeweler as a proof of the stored gold. These bills were

      considered real money in the market instead of the gold

      as it was more convenient and easy to exchange. Sellers

      of goods accepted them as receipts for payment of goods.

      Borrowers began to take loans in this paper form instead

      of real gold.

      The jeweler came up with another business – he started

      to lend his gold at an interest. He used his own and the

      stored gold of the merchants and townspeople, who kept it

      for safekeeping. But since everyone never come at the same

      time, this business grew rapidly. The ability to give loans

      was limited only by the amount of gold in the safe. Then

      the bankers came up with an even more daring idea. Since

      they were the only ones who knew how much gold was in

      the safe they could issue obligatory bills for gold that they

      did not have. If all the investors would never come at the

      same time to collect, then who would find out? They figured

      out how to make money out of thin air. This was the origin

      of the phrase “to make money out of thin air”. Jewelers

      who realized how to make money out of thin air are today’s

      bankers.

      That principle became the ground of the existing

      financial system that began to take shape about 400 years

      ago. Bankers began to lend to governments, who used that

      money to wage wars of conquest, and to merchants, who

      conducted “business” by exploiting new territories. Since

      the governments depended on the banks’s money, they not

      only allowed them to make money out of thin air but also

      legitimized this process by skewing the ratio making it 9

      to 1. Today this is called a “fractional reserve” system.

      Today this works in most of the worlds banks and

      accepted as a part of the banking philosophy. For example,

      if you deposit $1000 into an account, the bank can then

      turn around and lend someone else $10,000 in the form

      of credit based on this fractional reserve system – legally

      creating money out of thin air.

      State fraud

      The first major state endorsement of this financial fraud was

      the СКАЧАТЬ