FORMER Non-Executive Director of South African Reserve Bank and author of “A History of Central Banking & the Enslavement of Mankind” and “Inside the South African Reserve Bank Its Origins and Secrets Exposed” Stephen Goodson has died.
Inside the South African Reserve Bank gives an explosive account by an insider on the criminal activity by the South African Reserve Bank in the 1980’s and other acts of corruption in the institution. Goodson wrote that 3000 tons worth of gold worth $200 billion was looted by the SARB in the 1980s.
Here’s a synopsis of the book “Inside the South African Reserve Bank – It’s Origins and Secrets Exposed” :
Stephen Mitford Goodson’s Inside the South African Reserve Bank Its Origins and Secrets Exposed sweeps aside the usual dust of economic theory to provide a thoroughly engaging account on the origins and purposes of the Republic’s central banking institution. Goodson does so as an “outsider” on the “inside,” a proponent of banking reform who became a non-executive director of the SA Reserve Bank. What Goodson found was ineptitude, corruption, careerism, ignorance and scandal. When Goodson became too troublesome for the status quo, he was removed, smeared, and attempts were made to legally silence him. Here Goodson not only gives an account of his time within the SA Reserve Bank, but places the bank within its historical context, having been established as part of a world-wide agenda orchestrated by Montagu Norman, governor of the Bank of England, to create “central banks” throughout the world as part of a global financial system controlled by international financiers. Those who figured prominently in imposing this fraudulent financial system on South Africa were Jan Smuts, and his friend and adviser Henry Strakosch, whose closeness to Winston Churchill is also shown to be of world historical significance. The only voices raised in opposition to this deceptively-named “central banking” were from the Labour Party. Those voices have long gone from anything still calling itself “Labour,” in South Africa as elsewhere. However, there were alternatives, such as the use of state banking in Canada, Australia, New Zealand, Germany, Japan and Italy, and the enduring example of North Dakota. Goodson examines each of these. Moreover, he provides a series of appendices on draft legislation for exactly how a sound banking system could be implemented, creating for the first time genuine sovereignty, prosperity and justice”.
Some of Goodson’s Explosive Stuff
The scandal of Gill Marcus, the former Governor of the SARB. After selling sandwiches in London, she studied economics and went to work for the SA Reserve Bank. She was so awful, that she was instructed to clear her desk in 2004 and leave the building. She was fired. However after secretly following [her predecessor] Tito Mboweni around, she created a black-list of all his ill-deeds. Later, she reappeared as Governor of SARB under mysterious circumstances.
Gill Marcus immediately removed the requirement that all Reserve Bank meetings must be transcribed and recorded. She shredded documents and changed the voting rights of shareholders. Then she introduced changes that would phase out the “old guard” and amended the rules to allow only herself to appoint new candidates.
Finally, she secretly allowed a Swedish company to print South Africa’s banknotes, while the local printing facility stood idle. This was a disaster. R800,000m worth of bank notes were put into circulation that did not even come close to meeting the required printing standards.
Shortly afterwards, R360million worth of banknotes had to be destroyed because they were “accidentally” printed with the same serial numbers. Since then, for secrecy reasons, the same company is still responsible for producing many of South Africa’s banknotes.
Kruger Rands have been found to be 5% short of the stated gold content. SilverDoctors.com stated that this was likely to be a skimming operation by the South African Reserve Bank. If you purchased Kruger Rands after 2010, we suggest that you have them tested.
300 tonnes of gold valued at over R300 billion was stolen from the SARB, with the help of insiders as part of a bigger looting exercise valued at a massive R2.25 trillion.
A third of our foreign currency reserves are looked after by a single bank: JP Morgan, a bank whose reputation and skulduggery goes sickeningly deep.
90% of our gold reserves are kept at the Bank of England. When Germany asked the Federal Reserve bank of the US for their gold back, they only returned a very small portion of what was agreed – and it turned out that the gold returned was fake.
Goodson left SARB under claims that he was a “holocaust denier” with bad press associated with him. He dedicates an entire chapter to this topic in his book. We are far more interested in the research and insight behind the banking system. It is greatly sad that such a topic is brought up, as we feel it is completely unnecessary and inconsequential to the real message behind the book.
According to Goodson, the solution to this problem, at least in part, is the creation of a People’s Bank. This bank does not allow money to be created out of nothing by a bank then loaned to the government at interest. Instead, the government issues its own currency based on our ability and requirements to develop.
This kind of bank is not new. It has been created several times in the past with incredible success. However, each time such a bank was created, either the bank was mysteriously closed down, or its country was bombed. When a conventional Central Banking system is put in place, economic hell soon follows.