The feared “Soviet” secret service, the KGB, was always controlled by the the CIA (Central Intelligence Agency of the USA). As such, the CIA — KGB played an insidious and decisive role in the destruction of the Soviet Union.
The KGB’s successor in conspiracy, the “Russian” secret service FSB (ФСБ — Федеральная служба «безопасности» России) is likewise controlled by the CIA.
Among the manifold CIA – FSB tasks in stifling Arnold Lockshin is to block almost all commentaries sent in response to my material on the internet.
Arnold Lockshin, political exile from the USA living in Russia
ФСБ — Федеральная служба «безопасности» России — по приказу своего секретного постоянного хозяина — американского ЦРУ блокирует, не пропускает почти все отправленные мне комментарии.
И это далеко не всё.
Арнольд Локшин, Политэмигранта из США
More capitalist “solutions:” Huge unpayable debts
The phony-baloney money of modern-day capitalist society is supplemented by and intrinsically connected to another critically important source of manipulation: debt.
Debt as a source of “money creation.” The central bank of a capitalist country initiates the “money creation” process.
“In order to raise additional money to cover excess spending, Congress increases the size of the National Debt by issuing securities typically in the form of a Treasury Bond. It offers the Treasury security for sale, and someone pays cash to the government in exchange. Banks are often the purchasers of these securities, and these securities currently play a crucial role in the process…
“If the Federal Reserve wants to increase the money supply, it will buy securities (such as U.S. Treasury Bonds) anonymously from banks in exchange for dollars. If the Federal Reserve wants to decrease the money supply, it will sell securities to the banks in exchange for dollars, taking those dollars out of circulation When the Federal Reserve makes a purchase, it credits the seller’s reserve account (with the Federal Reserve). The money that it deposits into the seller’s account is not transferred from any existing funds, therefore it is at this point that the Federal Reserve has created High-powered money” (Monetary policy – Wikipedia).
Growth of the money supply is not a straight-up process; there are zigs and zags. Nonetheless, the long-term trend is to markedly increase the money supply.
“The central bank has the authority to bring money in and out of existence. They are the only point in the whole system with the unlimited ability to produce money. Another organization may be able to influence the open market for a period time, but the central bank will always be able to overpower their influence with an infinite supply of money” (Open market operation – Wikipedia).
“Unlimited ability to produce money,” “an infinite supply of money.” And bourgeois economists contend that money is “scarce”!
Fractional-reserve banking. The second-part of money creation is provided by the commercial banks through a process known as “fractional reserve lending.” Here the banks are permitted to lend out money that they do not really have. If a bank makes a loan to another bank or to a commercial client for, say $10 million, the bank is required to keep in reserve (not lend out) only, say, $1 million (10%).
“Fractional-reserve banking is the practice whereby a bank holds reserves (to satisfy demands for withdrawals) that are less than the amount of its customers’ deposits. Reserves are held at the bank as currency, or as deposits in the bank’s accounts at the central bank. Because bank deposits are usually considered money in their own right, fractional-reserve banking permits the money supply to grow beyond the amount of the underlying reserves of base money originally created by the central bank” (Fractional-reserve banking, Wikipedia).
“Fractional-reserve banking permits the money supply to grow.”
Run on the banks. What if there is a run on the bank, when large numbers of depositors, worried about a bank’s viability, demand their money back? In such a case, the reserve requirements prove to be inadequate. In the US, the Federal Deposit Insurance Corporation, an “independent” government agency, offers to insure depositors for up to $250,000. If the FDIC has to be brought into play, this simply increases the debt burden of the government.
After the 2008 crash, the US government and especially the FedReserve threw hundreds of billions, even trillions of dollars at major banks and financial institutions to “rescue” them.