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PIM of SPAIN | August 27, 2009 at 06:54 am
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Monarchy is one of the oldest forms of government, with echoes in the leadership of tribal chiefs. Since 1800, most of the world's monarchies have been abolished, and most of the nations that retain monarchs are constitutional monarchies. Among the few states that retain aspects of absolute monarchy are Brunei, Oman, Qatar, Saudi Arabia, Swaziland and Vatican City. The monarch also retains considerable power in Jordan and Morocco. The most recent nation to abolish its monarchy was Nepal, which became a republic in 2008.
Monarchy is a form of government that is ruled by one person. That person is usually referred to as a king/queen, prince/princess, and emperor/empress. This was the most common form of leadership in ancient, and medieval times. It still continues to be a common form of governing today.
However there are different degrees of monarchy. The strictest type is absolute monarchy. With this form, the monarch has complete authority over every aspect of his subject’s lives. There is no constitution or legal restriction over this monarch. Some examples of this type of rule would be Louis XIV of France, the Tsars of Russia (until 1905), and James I & Charles I of England.
The constitutional monarchy, as the name states, is a type of monarchy, in which the leader must act within the parameters of a constitution or rule of law. Countries that use this form of government include Belgium, Canada, Denmark, Japan, Luxembourg, Malaysia, The Netherlands, Norway, Spain, Sweden, Thailand & the UK.
The history of European monarchies is largely a history of debt. Kings and queens squeezed what they could get out of their countrymen. Then they turned to the moneylenders. These lenders had to be careful. They were happy to extend monarchs credit, because in this way they gained a measure of control over them. But there were many dangers. Kings lost their head, or went broke. Or, often, the monarchs could turn the tables on the moneylenders, and have their heads cut off. The risks were great; the rewards were few. Rarely were the loans settled honorably.
Conversely
Governments are essentially parasites on productive activity. The best governments are the smallest – meaning, the least parasitic. Or differently expressed: aiming to govern the least.
At present the world economy is in its third and fatal stage, called the political stage. In this stage, the parasites take over. Government governs a lot more. And that governing costs a lot of extra money. In England, the government budget is bumping up against half the total GDP of the nation.
Where will all that money come from? Taxes? Gordon Brown has already put the income tax rate up to 50%.
Everybody is gunning for the rich – in America as well as in England and the rest of Europe. Obama has pledged to raise taxes on the rich. Other states, notably California, are desperate for more revenue too.
Government raises money. Sometimes it repays the loan with revenues from other taxes. Sometimes, it is the lender who pays the tax him self either because the governments default, or because
inflation reduces the value of his money, by the running the printing presses, and
Quantitative Easing.
What will become clear is that lending to the government – which always has the power to betray the loan and behead the lender – is merely another form of taxation. But the lender can blame no one but himself for his losses. The wounds he suffers are self-inflicted. May this be a lesson to be careful when buying Treasury Bonds it is saver to
buy gold.
Most RecentMost Recommended Comments (11)
at 09:17 on August 27th, 2009
Thanks Roy for yr proper, clear and to the point reply. Unfortunately the majority of healh care expenses are for people that smoke, eat - unhealthy fast food etc - and drink -also soft drinks - too much. And mutatis mutandis in this world today most is drawn out of its balance. Even the Feds balance sheet, but that's for another article.
at 12:47 on August 27th, 2009
The concept of absolute monarchy was always a bad idea in my opinion, how can one person make all those decisions for everyone? Same as dictator governments I suppose, those are definitely not good for the world either.
at 18:51 on September 1st, 2009
Absolute monarchy derives from a feudal system. In a feudal system, the hierarchy of authority, rights, and power extends from the monarchy downwards. At the head of the system the crown owns all the land. Beneath the crown, an intricate network of duties and obligations linked royalty, tenants-in-chief (such as the barons), under-tenants (knights), and villeins (serfs).
It's a bad idea because the ruling king or queen has absolute power over all aspects of his/her subjects' lives and there is no constitution or legal restriction on the monarch's power (immunity from prosecution). Throughout much of history, the Divine Right of Kings was the theological justification for absolute monarchy. Many European kings claimed that they held supreme autocratic power by divine right, and that their subjects had no right to limit their power.
The absolute rule leads to a bureaucracy, persecution, oppression and a police state.
at 00:46 on August 28th, 2009
Completely right as history has proven, that's why the constitutional monarchy came in place, instead of a President to be elected as in the USA and other Republics, a Queen or King are in Charge, with exception of Japan where an Emperor is the head of State. In principle the function of head of state is symbolic and doesn't carry (much) power, contrary to the President in the USA.
at 17:52 on September 1st, 2009
In a Republic the President is the head of state and in a Constitutional Monarchy the Queen or King is the head of state.
But in a Constiutional Monarchy all bills require Royal Assent from the Queen or King before being passed into law and the people living under this form of government are the King's or Queen's subjects.
An armed man is a citizen. An unarmed man is a subject. Free men do not ask permission to bear arms.
Since the founding of the Swiss Confederation in 1291, Switzerland has depended on an armed populace for its defense. For centuries, the Cantonal Republic defeated the powerful armies of the European Monarchs and kept its independence. Machiavelli wrote in 1532: "The Swiss are well armed and enjoy great freedom." The Swiss influence was partly responsible for the adoption of the Second Amendment to the U.S. Constitution, which provides: "A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed."
Monarchist philosopher Jean Bodin, writing in 1606, denounced free speech and arms possession by commoners.
"The Framers [of the Constitution] knew that free speech is the friend of change and revolution. But they also knew that it is always the deadliest enemy of tyranny." - Hugo Black
at 19:12 on September 1st, 2009
The moneylenders (now called bankers) still rule European monarchies.
Nathan Mayer Rothschild, who, by 1820, had established a firm grip on the Bank of England stated: "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply."
at 02:33 on September 2nd, 2009
Indeed Thomas true words, that highlights the flaws of both Republic and Monarchy. For many years I have thought about the less evil of the two, but as with many other things it depends on the person in charge. Elected or by heritage both can be a bad choice, and in both cases public influence is very limited if not zero. Likely the future will be more like the Swiss Canton system. Smaller will become more beautiful, or more practical. Probably every society with its own management and currency after the US Dollar has collapsed.
Anyhow the Fed is on course with their total destruction of the US Dollar.
Fears of Globalization will be of the past in the foreseeable future.
at 17:00 on September 2nd, 2009
A currency collapse occurs after people lose faith in the dollar and stop using it.
PLOTTING THE DESTRUCTION OF THE US DOLLAR and the weakening of its role as the reserve-currency in the global market, was the underlying agenda of the Bilderberg Group, which convened its most ominous meeting to date in Greece on May 14-17, 2009. A new Kremlin report on the shadowy Bilderberg Group, who this past week held their annual meeting in Greece, states that the West’s financial, political and corporate elite emerged from their conclave after coming to an agreement that in order to continue their drive towards a New World Order dominated by the Western Powers, the US Dollar has to be "totally" destroyed.
Even worse, a new US report on these secret Bilderberg meetings states: "Investigative journalist Daniel Estulin, whose information from inside Bilderberg has routinely proven accurate, states that the global elite's plan to completely destroy the economy and ultimately lower global population by two thirds has stoked fears even within Bilderberg itself that the fallout from such chaos could ultimately result in the globalists losing their control over the world."
To the 'ultimate' outcome of the plans of the West's elite classes, connived under the auspicious of the Nazi backed Bilderberg Group, Russian Intelligence Analysts predict that their fears of "losing control" due to the catastrophic chaos they are embroiling our World in are, indeed, valid, especially since the unleashing upon our Earth's population the bioengineered H1N1 Swine Flu variant that is continuing its unrelenting march of death and illness across our entire Earth, and when coupled with the total collapse of the Global economic system can only lead to Total War.
It is important to note that Great Britain is preceding the US into bankruptcy and is reported close to losing its AAA Credit Rating as it suffers its worst economic crisis since World War II, with the Financial Post issuing a further warning to the Americans, and as we can read:
"The U.S. dollar's day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight. Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a 'serious case of dollar damage' was underway. 'We long warned about the day of reckoning for the dollar emerging at the next economic recovery,' Mr. Laidi said in a note."
After the deliberate collapsing of the US Dollar, these reports continue, the Bilderberg 'plan' for the Global economy rests on what are called Special Drawing Rights issued by the Western controlled International Monetary Fund, and which the Telegraph News Service succinctly warns:
"The International Monetary Fund is poised to embark on what analysts have described as 'global quantitative easing' by printing billions of dollars worth of a global 'super-currency' in an unprecedented new effort to address the economic crisis."
Source: macedoniaonline.eu/content/view/6807/53/
at 05:43 on September 3rd, 2009
Thomas amazingly correct and to the point, I wonder you do have a special nose to sense the hot issues that should be kept under cover. Of course they play a game with the unknowing populace and try to pursue their own agenda. Somewhere, but not knowing yet precisely how, they may not succeed. The IMF is the wrong partner in their plan. More likely the globalization is finished and small communities with their own capable governments and currencies will emerge. It is done with the parasite mentality, to keep people on a leash. History looks like to repeat itself.
at 12:54 on September 3rd, 2009
The American Revolution And The Bank of England
Great Britain is firmly under the control of the banking dynasties.
In 1694, the Bank of England was formed as a private central bank, which would issue the currency of the nation, lending it to the government and industry at interest, which would be paid back to the Bank of England's shareholders, made up of these private banking dynasties. The 16th to the 19th centuries was the period in which both the nation-state and capitalism emerged, soon followed by central banking in the late 1600s. This is when the origins of what was known as a "world economy" took place. Mercantilist economic theory dominated this period, in which the economy was secondary and submissive to the political structure of nations.
Liberal theorists rose in opposition to this. Adam Smith wrote the Wealth of Nations in 1776, the same year that the American colonies revolted against the British imperial forces in the country, and ultimately gained independence from the British Empire. Among many of the primary motivating factors for the American Revolution were the British military presence in the American colonies, acting above the law; a heavy imposition of colonial taxes, particularly on tea and other imports from foreign nations such as France, in an effort to promote the mercantilist assumptions that the colony should only survive and trade with the metropole (imperial hegemony) - which extracts the resources of the nation in trade for material goods to that nation, creating a dependence upon the colonial power.
Arguably one of the primary motivations for the American Revolution was the control of currency by a foreign imperial power, with the ability to control inflation and devaluation, essentially controlling the entire economic conditions of the colony from abroad. The Founding Fathers of the United States understood the necessity of controlling one's own currency if one was to preserve sovereignty and independence. Following Britain's humiliating defeat, which was aided by the French who supported the American revolt, European banking interests suffered a significant blow against their mercantilist expansion.
Central banking functions in that it constantly needs to expand and consume more although much more dubious manner, in which it needs to expand its control over industry, nations and people through the expansion of debt, continually needing to bring more individuals, nations and industries under debt bondage.
Debt is the source of all power and wealth for the central banking system - as they do not actually produce any tradable good, such as industry; nor do they provide any necessary service, such as government. Interest on debt is the source of income and authority for the central banking system, and thus, it needs to continually advance credit and expand debt. Thus, the loss of the American colonies as a source of expansionary credit and debt was a massive blow to their entrenched interests.
The European banking interests quickly learned their lesson regarding not falling under the imperial hubris of believing people of a given region or nation could never defeat imperial might and armies. Revolution had become a great threat to their banking interests.
at 03:30 on September 4th, 2009
Very interesting historic peace of information Thomas that you posted. Hopefully many will read those valuable lessons from the past, in order to understand that ordinary people like you and me and all of us, are exploited by a bunch of scrupulous bankers. Its like is shown in the Madoff case. In 15 years 5 times an inspection by the Monetary Watch Dog and nothing was found. Despite several inside whistle blowers that had provided the Watch Dog with detailed information! If you are member of that scrupulous bankers club (as Madoff was) nothing will undertaken to bring you to justice. Forget democracy, it is a farce to let people believe they have an input and say with their vote. It is a small club of crooks that manage and manipulate society to their own interests. Obama fell victim to them with his promised change, that they don't want. To read more about Obama's sacrifices. It look likes nothing has changed since the old style Monarchy that was ruled by a King with his cronies. Thomas, thank you very much for yr valuable contribution.