He's in charge of your wallet. Return to the ‘basic’

With Krzysztof Lewandowski, the economical expert of the Foundation “We are Change”, we are talking about who produces money utilizing the “table” method, how the private bank cartel works and how the 3 divisions of power are a fairy tale for children.

(Interview is simply a edited and completed version of the podcast Are you aware? p. Negative or affirmative money? NBP, constitutional violations and cash).

Rafał Górski: “The cashier in the store, the clerk, the stock marketplace player, the individual or the doctor do not mostly realize that they are part of a device pressing money towards the heights of power and above, into the ownership clouds where the mythological money god, the cartel ruler, hides. Who this ruler is, it is not known exactly, due to the fact that he is not a single-man ruler, but a collective entity, spread throughout the globe. Where is the armed conflict and the arms trade, there, or alternatively its representatives, or bankers offering negative money, or credit, created by the “table” method?

Let's start our conversation with a “close body shirt”, that is, cash. What do you mean, cash is the only sovereign money in circulation today?

Krzysztof Lewandowski: This is not a 100 percent strict statement, due to the fact that the National Bank of Poland is besides issuing a tiny amount of digital money, which is utilized for settlement with banks, but is not available in the general circulation.

In general, the number of money in circulation is cash issued by the NBP. Cash is sovereign money, as long as it is issued by sovereign, that is, in our case the state. Money issued by another entities is not sovereign, so it does not meet the definition of cash.

Please be more clear, like “cows on a ditch”.

In order to better realize the issue of money, 2 crucial pieces of government should be highlighted. The first is Article 227 of the Constitution of the Republic of Poland of April 1997, in which it is written that the central bank of the State is the National Bank of Poland, and it is he who has the exclusive right to issue money. A fewer months later, on 29 August, the NBP Act was adopted, which states in Article 4 that the bank has the exclusive right to issue cash marks. Not money, as it is in the constitution, but cash signs. For the average reader, the difference may be unclear, due to the fact that it would seem that a money mark is something intangible.

In the meantime, a “money mark” is only cash, that is, a material form of money, a banknote or a coin.

The Constitution gives the National Bank of Poland the privilege of issuing money, while the lower order act, which is the NBP Act, is simply a law that restricts and allows the issuance of only cash signs, that is, cash, whose overall balance of issuing money is respective percent. The remainder of the money is issued by commercial banks, or private institutions. In this way, the NBP was unconstitutionally deprived of the right to issue electronic money, which is the vast majority of the money on the market.

How did specified a discrepancy in law come about?

The activities of profit-making bank lobbyists led to the Constitutional Court not addressing this problem. It should at least amend Article 4 of the NBP Act so that it is consistent with the Constitution. The entry should read: ‘NBP shall have the exclusive right to issue money’, not cash marks.

Has there been anyone since then who wanted this subject to be discussed in the public debate?

More than 20 years ago, writer Jacek Andrzej Rossakiewicz wrote about this in his book “Financial Democracy”. However, no 1 dealt with the problem in an organized way.

We're going back to basic. I'm asking you to decrypt this graphic.

Graphics presents a strategy of quantitative loosening through Polish banks NBP and BGK. The NBP does not break the constitution as it buys secondary marketplace bonds from a commercial bank, but not private, but state bonds. In this scheme, all interest on government bonds and the commercial bank's profits on the resale of bonds at a higher price than they were bought, flow to the State Treasury, so they feed our state alternatively than the pockets of private bank owners.

How did politicians from different sides of the political scene respond to quantitative loosening?

They did not respond at all due to the fact that no 1 knew where the government was getting specified large sums of money.

The awareness of how money is created and how it enters the marketplace is insignificant in Poland.

President Glapiński did not admit publically in the beginning of 2024 that he did quantitative loosening for PLN 170 billion. The rulers have no thought how much money is in the possible improvement of the banking system.

But was the effort to put the president of the NBP before the Court of State not argued, among another things, by quantitative loosening?

I do not know precisely the charges against president Glapinski, but possibly this argument will be raised due to the fact that the lobby of commercial banks is powerful.

This argument is already being raised. Yet all central banks in the planet did the same in times of coronavirus crisis.

It is the number 1 power in the planet and has an influence on the media, which is the second power in Poland.

The financial power combined with media power is so immense that they can silence any of the themes and others make themselves heard.

The banking strategy and how it works is simply a large mystery. To discover it, you gotta read a lot and see how it truly is.

What is the consequence of specified a system?

The consequence of the existence of a negative money strategy is simply a constant drain of money from countries with little financial possible and from people with lower material position and the systemic decline of the planet in slavery to deal with increasing debts that cannot be paid off at work.

Examples?

The debt of Poland in December 2023 reached the level of 1.34 Tzł (1Tzł = trillion złoty, that is 1 and then 12 zero). The average interest rate on this debt is 4.8%. The yearly cost of interest on Polish debt is 65 Gzł. I calculated that the full amount of this debt in terms of the statistical Polish 4-member household is about PLN 600 per period from the same interest on loans issued by the Polish state, and from loans issued by citizens by signing credit agreements with commercial banks.

US debt in January 2024 reached 34 T$ and rises at 11.8% = 4 T$/year. The average interest rate on this debt is 2.5%. The yearly cost of interest on US debt is over $1 T. In the United States, an average four-man household already pays $1,000 a period just for the interest on the bonds that Fed, an American private central bank, issues.

This is the gigantic money that flows out of our country towards the usury elites and live from them those billionaires who fly airplanes and sail yachts.

Let's go back to 1989.

"So the advice to borrow from abroad was given mainly against the interests of developing countries: it put these countries at hazard for abroad exchange rates, which frequently led to an increase in debt and an excessive outflow of interest on any loans received. This has led to specified “solutions” as debt-to-equity swaps and transfers of national assets to abroad creditors. Bankers suggesting debt reduction, specified as Alfred Herrhausen, head of Deutsche Bank, did not enjoy sympathy among their colleagues. Moreover, it is now clear that abroad loans were not essential for the improvement of these countries, especially since abroad lenders simply created money from nothing through the bank debt creation, something that the borrowers could do at their own home without borrowing abroad loans," writes Prof. Richard A. Werner in his book "The Lost Centennial in Economics: 3 explanation of Banking and Unmistakable Evidence".

Who is the author of these words? And why should we believe him?

The author of these words is Prof. Richard Werner – a global expert in banking and money, who, in consultation with the Austrian commercial bank manager Raiffeisen Bank, conducted a technological experimentation “on the surviving body of the real bank”. The experimentation proved conclusively that banks make credit ex nihilo and they compose it down on the asset side.

What does it mean that affirmative money is simply a rescue for our civilization?

Positive money is the way to remove the indivisible power of a cartel of debt sharks over the planet and reconstruct healthy economical relations in the economy. This is besides the way to prolong Poles, due to the fact that theoretically it is impossible to extend erstwhile all money in circulation arises as someone's debt.

An indebted man is simply a slave, so affirmative money is the way to freedom.

"The financial sector in its present form will blow up sooner or later. erstwhile the accident occurred in 2008, there were no alternatives available, so we returned to the old system. The key now is to be ready erstwhile he falls again. Then we begin the attack" – says Joris Luyendijk in an interview “This cannot be true. From the life of bankers”. Are we ready? Is anyone working on changing the financial system?

The improvement of the system, as I see it, is possible and has already been done by full groups of economists in Europe and the United States. Let me just say that in Germany there is simply a very dynamic group of economists in the Monetative TIF group, in Sweden there is PENgar, in the UK – affirmative Money, or positive, affirmative money.

There is an expanding number of economists who are simply dealing with this imagination of the transformation of the banking strategy into a fair system.

What function do the media play in blocking the thought of affirmative (swing) money?

The media is silent about it, and that's how they block information, due to the fact that if there's nothing in the media, it's not in public awareness.

And they're silent due to the fact that journalists are either ignorant or at the services of a financial cartel that pays them. Media silence is the only way to keep this usury strategy that drains us in an amazing way.

How should the banking strategy work to service 99% of Poles and Poles, not 1% of the richest ones?

The transformation of the strategy can be done once, raising the minimum reserve rates for commercial banks to 100%. This would consequence in the immediate elimination of these banks from our country, as they do not have adequate resources to replenish their own capital.

However, I propose that this process be milder, due to the fact that these banks with their hazard assessment skills are needed to measure the lending capacity of the people and companies who borrow money. This should be utilized further, but already in another strategy – so that banks can not issue loans from anything, only so that they can lend from what they actually have in their resources.

In my opinion, the process of raising the minimum reserve rates in Poland from 3.5% to 100% should be spread over 10-15 years. This would bring immense profits for the state budget – according to my calculations 361 billion PLN per year, if the transformation were spread over 15 years.

If we had done this radically, in 1 year, we would have gained about PLN 1700 billion immediately as a state. It's a immense amount that would affect the budget, but unfortunately we would have killed commercial banks.

Is that bad?

Commercial banks have quite a few experience in assessing financial risks, so it's a shame to waste so much competence. They will proceed to lend from these measures, which they have, gathering an crucial social need.

My imagination is that the NBP would buy all loans from commercial banks and replace them with affirmative money at the rate of payment of current capital and credit instalments by all borrowers. If the NBP were to release as much money on the marketplace as it disappears annually from the repayment of loans to debt instalments, the strategy would not have noticed this at all, and at the same time the budget would have been heavy resourced.

As regards the benefits of the legislature that we would have after this improvement of the banking system, from which we would get about PLN 1700 billion as a state, then after this period, due to economical growth and inflation, and due to the fact that no 1 would gotta pay interest on the issue of first money, due to the fact that this money would be issued not as debt, but as a gift, the Polish state would gain PLN 241 billion annually, and during the transformation period PLN 361 billion per year. And the state budget is presently around 600 billion.

This way you could not only not indebted, but besides pay back what we owe.

"It would be beneficial to remove the root origin of the problems and the power to make money by entrusting the Central Bank to the State. Moreover, the privilege of creating money should be separated from the power to allocate fresh money. This will effectively reduce the hazard and instability of the monetary system, debt will be importantly reduced, and money creation revenues will feed the state alternatively than banks," says Frosti Sigurjónsson in a study entitled ‘Emission of money. alternate monetary systems". The expert was prepared on behalf of the Prime Minister of Iceland by KPMG, a planet giant in consulting. What do you say?

KPMG cut off from this publication even though it participated in its uprising. They simply did not anticipate the authors' insight into the strategy to be so profound.

W Your analysis of "The negative money or the affirmative money" is besides presented with the thought to establish a Social Media Fund in Poland. What's with the fund?

Let me remind you, present the power of the authorities is financial, the power of the media, and later the power of law, executive and judiciary.

In order for the public to realize in general what is happening in banking and the economy, the media must be free from the influence of the banking cartel.

And that will only happen if the social media is mandatoryly financed by the state, based on real ratings, and by citizens. The distribution of resources for the social media should be implemented automatically by an algorithm alternatively than by a recently established cartel-dependent institution.

Since 2020, the civilian Affairs Institute has been moving a social run "Cash Gun". We argue the slow and systematic liquidation of the cash that takes place here and now, in front of our eyes. due to the fact that you don't necessarily gotta liquidate cash overnight. For example, it is adequate to increase “banknote waste”, to make it hard to pay cash from ATMs or to reduce money in tiny denominations, so that the usage of cash is hard for regular purchases. erstwhile we effort to talk to the media, they're not interested. What do you say?

The global trend to liquidate cash is to effort to prolong the joyful income of the debt sharks whose land is being removed from under their feet, is to effort to seize those fewer more percent of the seniority belonging to the states. In Poland a large part of legislature is to be snatched from the hands of the president of Glapiński, due to the fact that 15% of the money in our marketplace is cash issued by NBP. For this cash, the commercial banks that give it to their customers must pay with real capital, not credit. They gotta get that capital.

In Europe there is almost no cash (1-2% in Sweden and Norway, a small more in Benelux).

So bankers debt sharks (loans are all percent of the loan, larger than zero) will not feed besides much on eliminating cash from the countries of old Europe, where, outside of Switzerland, it is almost gone.

Poland is simply a promising area for banker predator, as 15% of the cash to be liquidated in our country is expected to be respective 100 billion PLN to be swallowed by the cartel. So the cartel does everything it can to replace the remains of sovereign Polish cash with privately issued, electronic credit.

The modern banking paradigm is hidden by the cartel by veils of silence, understatement or misstatement. The reality of money creation has been falsified by discipline until recently. This is where widespread ignorance comes from, including journalists, concerning the creation of money and its impact on our freedom.

What crucial question has no 1 asked you about the subject we are talking about yet, and what is the answer to them?

Why does the Constitutional Tribunal not deal with the discrepancy between banking law and the Constitution of the Republic of Poland? Why did he agree to specified a regulation of the prerogatives of the National Bank of Poland? This is simply a fundamental question for me, crucial in general for the prosperity of Poland. I can't answer that. possibly the judges in the Constitutional Court, who are not economists, but lawyers, do not know how all of this works, and simply overlooked the evidence of "money stamps".

Thank you for talking to me.