/biz/ - Business & Finance

Are chinks based?

>According to the book, Western countries in general, and the United States in particular, are controlled by a clique of international bankers, who use currency manipulation (hence the title) to gain wealth by first loaning money in USD to developing nations and then shorting those country's currency. The Japanese Lost Decade, the 1997 Asian financial crisis, the Latin American financial crisis and others are attributed to this cause. It also claims that the Rothschild family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars.[14]

>Song also is of the opinion that the famous U.S. central bank, the Federal Reserve, is not a department of state functions, but several private banks operated by the private sector, and that these private banks are loyal to the ubiquitous Rothschild family.[15][16][17]

>On June 4, 1963, President Kennedy signed an executive order, which, as an amendment to Executive Order 10289, delegated the authority to issue silver certificates (notes convertible to silver on demand) to the Secretary of the Treasury. Song says the direct consequence was that the Federal Reserve lost its monopoly to control money.

>The book looks back at history and argues that fiat currency itself is a conspiracy; it sees in the abolition of representative currency and the installment of fiat currency a struggle between the "banking clique" and the governments of the western nations, ending in the victory of the former. It advises the Chinese government to keep a vigilant eye on China's currency and instate a representative currency.