Contol Boards

"Control the money, control the people. Break the money, break the people." (Click here for more)

Democracies can fail. (Click here for more) As the great philosopher Lord Woodhouse once wrote: " A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy." (Click here for more) When this happens 'control boards' are appointed . These control entities go by different names but are formed to prevent debt default and protect creditors. They oversee and must approve spending plans made by democratically elected government officials. Effectively democracy no longer applies. It has been 'supplanted'. (See Administrative State)

Examples include:

Municipalities like NYC , Detroit; Jefferson County, Alabama; Stockton, California; and Central Falls, Rhode Island.

School Districts

Public Authorities

States

The territory of Puerto Rico

Banks can NOT fail. Central banks create monopoly currency used to conduct all business. Economic activity is transacted with money. Yet, the actual money creation requires no work, no effort, and no risk. If you want more just make more. You can trade it, loan it, or give it however you want. If it's lost ... just make more. Imagine yourself with that kind of power.

This is Part 1
see Part 2

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