Banking as Economic Parasitism

by Vladimir Nuri

Mininova, the largest torrent search engine and directory on the net, has posted this review of the book:

This is Vladimir Z. Nuri’s landmark research paper Fractional Reserve Banking as Economic Parasitism – A Scientific, Mathematical and Historical Expose, Critique and Manifesto (2002) which looks at the history of money and its modern form from a scientific and mathematical point of view in order to expose its parasitic nature. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be something like a new “F=ma” rule of the emerging econophysics field. Some implications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and deflation are analyzed for interrelations. Analogies of the economy to an ecosystem or energy system are advanced. The fundamental legitimacy of “expansion of the money supply” in particular is re-examined and challenged. From the hypotheses a major (admittedly radical) conclusion is that the modern international “fractional reserve banking system” is actually equivalent to “legalized economic parasitism by private bankers.” This is the case because, contrary to conventional wisdom, the proceeds of inflation are not actually spendable by the state. Also possible are forms of “economic warfare” based on the principles. Alternative systems are proposed to remediate this catastrophic flaw. Find out how usury and other criminal activities by the bankers are a hidden science known only to a few – but not anymore. 60 pages. A must read for everyone.

THIS IS A large and extremely detailed document that can be downloaded (pdf) or read at this link. It is a breathtakingly high overview of the very institution of money and banking, and would most definitely not be taught at any college or seminar. I cannot recommend it highly enough, in spite of, or because of, its length of 62 pages.

The full title is: Fractional Reserve Banking as Economic Parasitism

Warning: Clicking on the link below will download the whole 62 page document:

www.thetransitioner.org/wen/tiki-download_file.php?fileId=3

Mininova, the largest torrent search engine and directory on the net, has posted this review of the document:
This is Vladimir Z. Nuri’s landmark research paper Fractional Reserve Banking as Economic Parasitism – A Scientific, Mathematical and Historical Expose, Critique and Manifesto (2002) which looks at the history of money and its modern form from a scientific and mathematical point of view in order to expose its parasitic nature. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be something like a new “F=ma” rule of the emerging econophysics field. Some implications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and deflation are analyzed for interrelations. Analogies of the economy to an ecosystem or energy system are advanced. The fundamental legitimacy of “expansion of the money supply” in particular is re-examined and challenged.

From the hypotheses a major (admittedly radical) conclusion is that the modern international “fractional reserve banking system” is actually equivalent to “legalized economic parasitism by private bankers.” This is the case because, contrary to conventional wisdom, the proceeds of inflation are not actually spendable by the state. Also possible are forms of “economic warfare” based on the principles. Alternative systems are proposed to remediate this catastrophic flaw. Find out how usury and other criminal activities by the bankers are a hidden science known only to a few – but not anymore. 60 pages. A must read for everyone.

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As a taster, here is a short extract:

Economic Warfare
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power [of money] should be taken away from the banks and restored to the people to whom it properly belongs.” —Thomas Jefferson

“The first casualty when war comes is truth.” —Hiram Johnson

“Give me a place to stand, and I will move the world.” —moneyparasitism-nuri

To the modern ear Jefferson’s shrill warnings on banks sound like exaggerated hyperbole, especially the idea they are “more dangerous to our liberties than standing armies.” Hence the term “economic warfare” may seem unfamiliar to the point of sounding like an oxymoron. It’s a foreign or even alien idea (much like money parasitism) but its reality is supported by some of the most rare and circumstantial evidence. Under a different light, the Jeffersonian quotations are as uncannily perceptive and future-anticipating as Adams’.

Earlier it was observed that governments have historically regarded counterfeiting as a treasonous crime. Counterfeiting has the ability to destroy the economic integrity and vitality of an entire nation. It can be used as a mechanism of state sabotage, and it is even regarded as an act of war if advanced by one country on another. Widespread counterfeiting, lawlessness, and anarchy are sometimes the historical progression of collapsing empires.

As M.A. Rothschild asserted, “Let me issue and control a nation’s money and I care not who makes its laws.” By all the previous verbiage, the difference between counterfeiting and money issuance can be a very subtle matter—“razor-sharp.” For purposes here, loosely define “economic warfare” as “state sponsored counterfeiting used as a means of seizure of assets and establishing control over another country.”

The metaphor of “invisible slavery” was applied earlier to economic parasitism. Economic warfare likewise can have the very treacherous property of invisibility. If a nation’s currency is being counterfeited without detection, or assets seized and control lost via an equivalent process, it seems equivalent to a means of waging invisible warfare.

The theoretical possibility of economic warfare is hinted in the earlier mathematics. Gresham’s law, “bad money chases out the good,” fundamentally is about the economic leverage that can be applied via reserves of capital. Just as in physics when huge masses can be moved via carefully constructed pulley systems that increase “mechanical advantage,” it seems totally analogous that mass economic dislocations can be effected by the transfer of capital. By the formulas, a bank that issues debased currency via fractional reserves that circulates into the larger economy is exerting leverage against that economy by extracting energy from it.

Now, suppose that two private banks A and B are competing to extract money-energy from a given economy. Suppose that the owners of bank A manage to clandestinely incite a run on the reserves of bank B by its depositors, such as by spreading rumors of collapse. Bank B fails, and its assets then may come under control of bank A. If undetected, bank A appears to have successfully waged “economic warfare” against bank B. It successfully attacked and seized “economic territory.”

The attack is not necessarily limited to collapses. Bank B may not totally fail due to the run, but be significantly weakened from decline in its reserves from withdrawals. The economic leverage of bank A is still commensurately increased. In a sense, bank B’s money has been undermined from an economic oscillation.

Substitute “nation A,B” for “bank A,B,” “national currencies” for “bank deposits,” and this gives the theoretical background of a worldwide economic warfare technique. Moreover, if the losses are made up by taxpayers, it becomes essentially state-financed! Bailouts may fail dangerously to address the core disease and maybe even unintentionally mask or promote it.

The analogy applies on international levels. Different nations have currencies that are backed by their reserves. Nations become analogous to individual banks in a larger world economy. Currency exchange rates are a measure of the leverage of one currency against another. If a nation expands the circulation of its own fractionally-backed money outside its borders, it’s totally analogous to banks that increase circulation of their debased money, and one nation can seize assets of another based on money manipulation.

Now, note the basic parallel between a collapse of a bank due to a run, and mass failure or default of loans made by the bank. Suppose corrupt private bank C lends mass funds to an accomplice D. D defaults, but with kickbacks to C. Government bails out the “failed” loans of bank C.

These are extremely crucial, initially counterintuitive situations to observe. Bank failures, bailouts, loans, or aid can be disguised weaponry for waging economic warfare against the governments of either foreign or domestic countries. Moreover, government-funded bank bailouts may have the unintended effect of feeding the money parasite! These are the money system analogues of infiltration of the government-banking complex’s immune system.

Hence large-scale currency machinations especially during “crisis situations,” such as “currency swaps” tied with foreign money devaluations by the Federal Reserve, can be seen as weapons for waging mass worldwide economic warfare—invisible annexation of foreign assets.

Similarly, in 1970 the IMF created a new monetary unit called the SDR, or “Special Drawing Right.” As Griffin quotes Dennis Turner: [32]

SDRs are turned into loans to Third-World nations by the creation of checking accounts in the commercial or central banks of the member nations in the name of the debtor governments. These bank accounts are created out of thin air. The IMF creates dollars, francs, pounds, or other hard currency and gives them to a Third-World dictator, with inflation resulting in the country where the currency originated… Inflation is caused in the industrialized nations while wealth is transferred from the general public to the debtor country. And the debtor doesn’t repay.

Turner is simply describing the process of fractional reserve banking as a tool for money parasitism not on an intra-national but on the international scale by the IMF. By definition, inter-national money parasitism wages economic warfare.

Economics makes the distinction of GDP, Gross Domestic Product, vs. GNP, or Gross National Product. [17] GDP can be defined alternatively, roughly, as the percent of GNP that is owned by the nation’s own citizens. That is, in a sense, the ratio r = GDP/GNP represents a fractional reserve system of the entire country, with the fraction 1 − r representing foreign ownership of the country’s assets. If a money parasite is “foreign” to the country, then the part 1 − r represents degree of parasitic control of the host country. A debtor nation status can be a sign of nationwide infection and subjugation by a foreign money parasite.

But equivalently, such a situation can be regarded as a domestic invasion and subjugation by an invisible foreign army—the virtual definition of attack by a parasite from the host’s perspective.

“four steps to damnation”

“In essence, these countries end up buying back their own money, but at incredibly high rates. And this is just the beginning of the IMF’s involvement.” —Gregory Palast [51]

“Is globalization about the eradication of world poverty, or is it a mutant variety of colonialism, remote controlled and digitally operated?” —Arundhati Roy

Possibly the most extraordinary single damning item of circumstantial evidence for the existence of an organized economic warfare program is the document called Silent Weapons for Quiet Wars. [2] This very narrowly-known document purports to be a training manual for the science of “quiet wars” waged against the populace. It includes amazing scientific and mathematical descriptions very similar to the prior sections. It has much material relating to “debilitated host psychology,” using the depiction adopted here.

The document has never been published anywhere except in very obscure locations and on the internet. The scientific community seems to be unaware of it or ignoring it. It’s circulated in small circles for at least a decade; the author is unknown. Any serious researcher looking into economic slavery, parasitism, or warfare must absolutely be familiar with the manual. But since its legitimacy and authenticity are so easily questioned by the literal-minded, it cannot serve as any form of definite evidence. Other avenues must be pursued to make the case for economic warfare.