Its time to smell the flowers and not the scrolls By Arthur Cristian - Email Correspondence With Members Of Christian Common Law

Includes "The money multiplier increases the benefits of reducing the reserve requirement" Further Down In This Document

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8th March 2008

EagleRevisionist @ aol.com - Harrell Rhome wrote:

It is obvious that you know nothing more than biased Christian nonsense about the ancient Indo-Aryan religions. The Hinduism of today, of course, like all religions, has been corrupted since its early beginnings. My article below should inform those with more open minds to see other writers and sources for further enlightenment. I personally reject ALL THREE SEMITIC religions (Judaic Talmudism, Christianity, Islam). None are appropriate for the Aryan Indo-European peoples!

And, as you will see, the original concept of God as a trinity and the original paradigm of a saviour/preserver comes from ancient India.

For those who would like to have a link, here is the one where it is posted on Dr. Toben's Adelaide Institute site. http://www.adelaideinstitute.org/LEGAL2006/Rhome.htm

AN ALTERNATE VIEW OF WORLD HISTORY AND END TIMES DOCTRINES FROM AN INDO-ARYAN PERSPECTIVE

By Harrell Rhome, M.Div., Ph.D.

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9th March 2008

Arthur Cristian Replied To Harrell Rhome

Your thinking is wrong Harrell.....

The original CON-cept of God as a trinity came out of Ancient Egypt hiding under the guise of Sumeria and Phoenicia, civilisations conceived by Ancient Egypt as Ancient Egypt adapted and adapted and adapted and adapted across their recorded ages pursuing global CON-quest.

It was Ancient Sumeria and Ancient Phoenicia who travelled the world establishing Ancient Egypt's first attempt at the NEW-WORLD ORDER prior 3600 years ago. The evidence is within all the read and write alphabet languages CON-ceived/invented by Ancient Egypt's Cult of The All Seeing Eye now known as "The Crown" or ZION. Ancient India, China, Mu, Minoa, Persia, Babylon, the Aztecs, the Incas, the Mayans amongst all other civilisations now buried under the sea or under the earth ARE ALL MIRROR IMAGES OF ANCIENT EGYPT'S Black-Magic Practiced Craft-Work.

Ancient Egypt travelled the globe teaching its man-made out of thin air TRIUNE GOD CON-struct to a tiny select few who became (in the likeness of Egypt)
1. The Royal Family Divinely Appointed By God
2. The High Priest-Hood
3. The Rule Of Law

A sameness of the above appeared across the globe in India, China, Persia, Minoa, Sumeria, Phoenicia, Babylon etc. There is no coincidence in all of this. It is a most complexed applied practice requiring many years to learn and master the true craft of black-magic read and write alphabet languages. There is absolutely nothing natural about any read and write alphabet language. Only those with privilege were able/invited to be initiated to the true secret craft of freemasonry at the highest levels, well above the 33rd degree. The only ones who could read or write any read or write alphabet language were the owners of the castles, the land-lords, the aristocrats, the royal families, the high-priest-hoods and all the mentioned lackeys.

Egypt under the guidance of Satan, also known as but not limited to Baal, Ahriman, Moloch, and Lucifer, educated its secret knowledge of "The Worship of The Intellect" of Images of fiction CON-ceived out of thin air, causing the brainwashed masses to believe in, value and worship these images of FANTASYLAND. Look all around you today Harrell and what do you see???? but billions of stupid dumbed-down hu-man sheeple GOI believing in, valuing and worshiping images of fiction CON-ceived out of thin air.

This is the trademark of Ancient Egypt. A trademark which in truth is a carbon-copy image of creation copy-righted by "The Crown". "The Crown" OWNS the copy-right to all images of fiction CON-ceived out of thin air as part of the carbon-copy image of creation (a shadow - a ghost), originally invented out of thin air by Satan, the real flesh and blood MAN priest of Ancient Egyptian times 10,000 years ago who started all this despicable nasty harm-doing evil rubbish.

The Triune God CON-cept is the Power, The Force and The Rulings Of The Law of Fiction-Fantasyland over the duped stupid dumbed-down hu-man sheeple GOI. The Triune God is the abomination of creation, of images of fiction CON-ceived out of thin-air, allowing a very tiny select few Black-Magic Warlocks and Witches, who hide behind the CON-structs of Pharaoh, King, Queen, Prince, Lord, Emperor, Priest, Judge etc etc, to use these images of fiction-fantasy to attack and terrorise the stupid dumbed-down hu-man sheeple GOI, who believe, value and worship these fictionalised CON-structs, providing the illumined minds with all the power and glory of God.

Nothing much has changed, the practiced craft of Black-Magic CON-tinues to this very day. We of the Western World are all still living in Ancient Egypt today. Ancient Egypt is not a mystery, it never went away and it is still here today. This mind-control agenda over the masses has been going on for 10,000.

As I stated, "It Is All Ancient Egypt's Black-Magic Read And Write Alphabet Languages" that gives it all away. The English Language was crafted out of Black-Magic (thin-air) and so was French, Latin, Ancient Roman/Latin, Ancient Greek, Sumerian, Phoenician, Hebrew and all others mentioned above. Nearly all, if not all, modern European read and write alphabet languages are homogenized, pasteurized, re-constituted bastardizations of Ancient Egypt's Black-Magic Practiced Craftwork. The true tribal languages of MANS tongue have since been severely tampered/altered with by the members of the cult of the all seeing eye (Worship Of The Intellect).

In The Beginning Was "The Word" (The High Priest-Hood - The Black-Magic Warlocks/Witches Started By Satan (God) a priest of Egypt 10,000 yrs ago)
And "The Word" Was With God (The Royal Family Divinely Appointed By God)
And "The Word" Was God (The Rule Of Law Of God)

God being Satan also known as "The Lord" and "The Crown"

Only a very tiny select few "Illumined" minds (100 per one million, .01% of the global population) initiated into the secret CRAFT and PRACTICE of BLACK-MAGIC read and write alphabet languages, could read or write any read and write alphabet language for 10,000 years. Until after 1780 only these tiny select few "illumined Minds" recorded ALL READ and WRITE ALPHABET LANGUAGE HISTORY BOOKS etc throughout their recorded history.

No one else did.

99.99% of the global population could not read or write ANY read and write alphabet language until after 1780 and even then, a huge majority, possibly over 95% could still not read or write an alphabet language until between the years 1870 and 1930.

Nearly everyone alive today, their ancestors, had nothing to do with recording any read and write alphabet language history (HIS-story) for 10,000 years.

And yes "The Victors Always Write Their History" and it's always biased to suit their point of view, their version of black-magic reality. They provide the foundations for the myth of The Western World and its heritage, myths like Indo-Aryan, Christian, Muslim and Jew.

There is just so much to all of this Harrell but you will need to read all the unedited long-winded & repetitive documents I posted to the Love For Life Website here: http://www.loveforlife.com.au/arthur_cristian to pick up the rest of the threads (insights) for now.

Prove me wrong Harrell!!!!!! No one else has yet. Please don't be one of those arrogantly being ignorant of facing these facts (TRUTHS) because if they did, the truth destroys all their present belief systems, throwing almost everything they are arguing for, conspiracy or not, historical or not, out the window. But then yet again, there is a tiny few amongst this large freedom network who are illumined minds, agents of "The Crown", applying their "We Will Lead Every Revolution Against Us" tactics. "You will know them by their fruits"...the fruits being the acts of love being created or in this case deprived/denied!!!!!!!

All the best to you, your family and other loved ones Harrell
Arthur Cristian

Love Always
Arthur & Fiona Cristian
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10th March 2008

Kesava Pillai Replied To Arthur Cristian:

Arthur, you stated [99.99% of the global population could not read or write ANY read and write alphabet language until after 1780 and even then, a huge majority, possibly over 95% could still not read or write an alphabet language until between the years 1870 and 1930].

This assumption and conclusion is ridiculous and fallacious. Southern Indian texts in Tamil dates back to 5000 BC and the epic Ramayana again dates back to that period when the floods devoured huge chunks of land South of the present Southern tip of India.

Several Tamil texts describe the floods, how they escaped by boats, where they landed and established themselves. Mahabharata and Lord Krishna's life is confirmed around 3000BC or 5000 years back and the historical calculations have confirmed the period conclusively.

By 1780 mentioned above, India had at least 14 different languages with written scripts and grammar. By 1870 there were many books written and schools established educating the children. The famous musical treatise By Sarangadeva was written in 14th.Century. The Ayurvedic system of medicine is detailed in Susrutasamhita in Sanskrit, written around 500BC when Socrates followed by Hippocrates spent years in India studying various sciences.

To presume 95% of World population could not still read or write an alphabet is absolutey non-sensical and far from the proven facts.

Go to Madras University and refer to the ancient texts preserved in the libraries both at Chennai and Thanjavur archives where such proof is available.

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10th March 2008

Arthur Cristian Replied To Kesava Pillai

Thanks for replying Kesava
Apologies but I write quickly.

Almost everything I now state is already stated in many other documents found scattered throughout here: http://loveforlife.com.au/arthur_cristian
In reading them, they will provide you with the bigger picture which I have not the time right now to repeat everything written all over again.

Regardless of how far back the ancient texts may go you will find that no more than .01% of the population could read or write any read and write alphabet language. Prove me wrong Kesava!!! Where is the incontrovertible solid-gold evidence to prove that more than .01% of the population could read and write any read and write alphabet language??????? even in India prior 1780????

If they did you would have had a burgeoning middle class in India a very long time ago but this is only a very recent occurrence for India, isn't it? Just as it is for Britain, though you would add an extra 150 years or so for the UK. Anyone who could read and write alphabet languages could deal with the "The Establishment" but unfortunately India's greater population throughout its recorded ages, consisted primarily of peasants/serfs/commoners who could not read and write alphabet languages.

You have provided absolutely nothing of factual documented evidence thus far to disprove what I am stating as fact!!!!!

For thousands of years since the Sumerians/Phoenicians of Ancient Egypt educated/trained the privileged select few of India, 99.99% of India's population were always UNDER-THE-STANDING of Royal Families Divinely Appointed By God, were always UNDER-THE-STANDING of the High-Priest-Hoods and were always UNDER-THE-STANDING of The Rule Of Law.... Prove me wrong Kesava with incontrovertible solid-gold evidence. Where is it?????

Ancient Egypt's read and write alphabet texts go back 10,000 years. It is the oldest of all read and write alphabet languages.

99.99% of India's population were serfs/commoners no different to the serfs/commoners of Great Britain and Europe. Serfs and commoners owned nothing. It was the Aristocrats, Royal Families, High Priest-Hoods, Land-Lords, Owners Of The Castles/Palaces that owned all of India and almost everything the serfs/commoners created with their fruits of labour.

What has ancient Indian texts in a University got to do with proving that more than .01% of the population could read and write any read and write alphabet language prior 1780?????? All you are doing/saying is confirming what I already stated above and to Harrell yesterday.

It was the initiated Illumined minds (the .01% of the population) who conceived the fiction-fantasy con-structs OUT-OF-THIN-AIR of......
Time and Space
Gregorian Calendar
Carbon Dating
Read and write alphabet languages
History recorded in all read and write alphabet languages
The Class System
Royal Family
High-Priest-Hood
Rule Of Law
Science
Education
University
Fiat Banking
Economics
etc
etc

All these "Highly Intellectualised" con-structs were invented out of thin air and were put in place as working models before 99.99% of the population were FORCED to learn to read and write alphabet languages after 1780. The whole con-cept of the Western World was already fully worked out and implemented as a plan BEFORE THEY EDUCATED (FORCED) 99.99% OF THE POPULATION (serfs/commoners) into learning to read and write alphabet languages like English.

If you cannot comprehend a con-struct it is impossible to believe in the con-struct therefore it is impossible to value the con-struct and if you can't value the con-struct it is impossible to worship (believe) the con-struct. For the purpose of achieving comprehension is why all Black-Magic read and write alphabet languages were invented out of thin air.

These artificial languages invented out of thin air were used specifically as a delivery mechanism to supply comprehension in-to the mind of the stupid dumbed-down hu-man sheeple GOI. Once the GOI can comprehend an image of fiction invented out of thin air, bingo, you have got the GOI by the balls for as long as the GOI continue worshiping the images of fiction-fantasyland.

There is no other reason or purpose for the artificial existence of all read and write alphabet languages. They are only for Black-Magic mind-control and thats it!!!!!!!! All read and write alphabet languages can't exist without MAN but MAN can exist without read and write alphabet languages!!!!!! MAN requires reality and everything of reality (creation) to exist but MAN does not require any fiction-fantasy image invented out of thin air to exist like Carbon Dating, Gregorian Calender, Time and Space etc!!!!!!!

All the images of fiction, invented out of thin air, were beyond the comprehension of 99.99% of the population. Words like Government (govern-men-t) or Supreme Court or Judge or Bill of Rights or Magna Carta or God or Church or Christian or Law or Democracy or Westminster System or Admiral or Jesus or Krishna or Buddha or Allah or Mohammed etc etc (tens of thousands of these fiction-fantasy words) were beyond the comprehension of 99.99% of the population.

Why???

Because the images of fiction are not true-real images of creation as experienced with MANS real senses of creation.... eyes, ears, nose, fingers, tongue and feelings.

All images of fiction reside as phantoms and all phantoms are part of what forms the fiction-fantasy EGO and INTELLECT.....Both the Ego and the intellect are Phantoms.......

Has anyone found the ego or the intellect yet????? Even with billions of dollars thrown at science for hundreds of years, has anyone yet discovered the Ego and the Intellect???? No they haven't and they never will because they do not exist as part of reality (creation). The only reason why they seem to exist is due to Black-Magic.

Imagine strange visitors arriving from Great Britain upon the shores of Gondwanaland (Australia) in 1500 to greet the Aboriginals..... Hello I am ADMIRAL COOK of HER MAJESTY'S SHIP THE ENDEAVOR of the BRITISH EMPIRE da da da da da da................ these fiction-fantasy words would be gobbledygook/Martian Talk to the Aboriginals. Gees, From what planet have these very strange men and women arrived from thought the Aboriginals????

Where do these fiction-fantasy images (words) exist as part of creation (reality - nature)????

Does the image of Admiral grow as real fruit on a tree or comes running down the mountains after the rain or is created as a real flesh and blood calf or has wings flying high like an eagle ?????

What has Lord Krishna got to do with the truth???? Can Krishna walk and talk here and now, can Krishna contract or negotiate with real flesh and blood MAN here and now?, Can Krishna create acts of love (fruits of labour) here and now that we can all experience with our real senses of creation and benefit from???? Show me the incontrovertible solid-gold evidence what Lord Krishna is presently doing for creation and MAN to keep creation and MAN rolling along????

I bet you zillions of dollars that the image of Krishna can't exist forever without MAN but that MAN can still exist without Krishna forever!!!!

What does the truth now tell you Kesava????? it tells you that Krishna does not exist...that Krishna is a fantasy invented out of Black-Magic no different to the Fiction-Fantasy images of Jesus. And yes the apparitions of Krishna and Jesus are derived from thought-forms/entities of the Astral World and again are all con-ceived via the use of Black-Magic and the willing brainwashed participants who worship these fiction-fantasy images into apparitions (thought-forms/entities).

Everything of creation, of the real world, has a real part to play in maintaining the existence of creation? What is Krishna's role? We know the roles of all life-forms, inanimate or not, of nature, earth and universe, in maintaining the existence of creation as in sun, moon, air, water, insects, frogs, bees etc etc but what about Lord Krishna??????

Get every book that exists on earth and stack them all together so we end up with a mountain many miles high. Now lets see if these books will walk or talk with MAN or will negotiate or contract with MAN or will create air or water for MAN to breathe and drink or will make the sun shine or cause the earth and sun to turn or will sprout plants reaching out towards the sun to eventually produce herbs, spices, fruits, nuts and vegetables for MAN to eat.

I bet you that even in 1000 years you will experience absolutely nothing from read and write alphabet languages words and books to directly benefit MAN and creation, OF THEIR OWN ACCORD, OF THEIR OWN WILL-POWER.

All you will see is the gradual deterioration of paper back into the soil of Earth.

Contemplate on this Kesava!!!!!

Prove me wrong with what I have stated thus far!!!!

Study all the unedited long-winded repetitive documents I posted here: http://loveforlife.com.au/arthur_cristian

Later this week, we are releasing a 4 to 6 page document called "The True Path Of Freedom". This document will explain more about MAN and creation and the distinctions between reality and fiction including all 3rd parties of fiction. We are 100% solution orientated and this document is pure crystal truth to help billions who seek to help themselves regain their true freedom by stepping away from the fiction. We will send you a copy.

All the best to you, your family and other loved ones Kesava.

Arthur Cristian

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10th March 2008

Bob Taft Replied To Arthur Cristian

I would beg to differ on the trinity origination.

In the perishable physical universe it has always been obvious that everything here has

1. a Beginning;
2. goes through a period of Change (growth and decay) and
3. has en End.

Hence,in the simplest Pantheons Gods are named to personify the Start, Change, and Stop of existence.

Like Brahma the Creator, Shiva the Destroyer, and Vishnu (Krishna) the Preserver. Or Ahura Mazda, Auriman, and Mithras.

The expanding popularity of Mithras and Krishna as extra-empire Preserver gods prompted Constantine to create an intra-empire Saver, or Preserver god in 325 CE.

Religion, then as always, like government, is but another control mechanism.

Best regards,.
Bob Taft
The Taft Ranch
Upton, Wyoming
(307) 465-2206
"The man who reads nothing at all is better educated than the man who reads nothing but newspapers." [Thomas Jefferson]

http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897

"We hang the petty thieves and appoint the great ones to public office." Aesop

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11th March 2008

Mike Maxwell Replied To Bob Taft

I suggest you read The Two Babylons by Hislop;

The trinity is a pagan god attempting to be mirrored into christianity;

Arthur (a non christian, but more christian than most pretenders) is right in this article i comment here only and the triune Gods appearing elsewhere have different names but share the same or similar image. Arthur is exposing truth as he sees it without fear.

As society in the city was first in Sumer with Nimrods Tower it is Nimrod the child King who marries his Mother and has a Father but the mother child image is extended through the known world with different names from their confusion and chaos yet the images remained similar.

In Egypt Nimrod is Horus the Child of Isis and Osiris;

The O cult has different names for the same image.

They all worship the death star sirius (isis/osiris) the star that brings in the knight/night of death darkness and isis is responsible for erecting fake penis statues o baal isks everywhere in Egypt for she mourns the missing penis of her dead child horus, see the seeing eye of isis etcetera. Look in your semen-try especially the war dead here you find the blood sacrificed to her and the ongoing erection of phallic art obaalisks. Even the character i is offensive AND HAS PAGAN MEANING.

The pagan image of Mary is Isis of the Pagans it is not christians who is idol-isis-ed and worshipped images but the romans who kept the Greek Gods with their latin names, the Greek kept the Egyptian Gods the Egyptians kept the Babylonian gods and so today the pagan christians in modern rome maintain the pagan gods of all empires.

Constantine took over in merger not replacing pagan for christian for the pagan gods remain in rome today yet it has claimed christianity as its religion so they have paganised and fooled the world, until Martin Luther (the protesting priest) there was no real opposition and the printing press and education of the Bible has promoted reading of it so a protest and protestant form of removing the wicked images and practices refined the church and kirk and congregation, sadly most are ignorant today hardly care or notice the corruption of first century proper christian faith and blindly follow blind guides so much they can hardly examine and test their own faith.

Thanks
Mike Maxwell

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13th March 2008

Bob Taft Replied To Mike Maxwell & Arthur Cristian

All gods are imaginary constructs.

Religions, like governments are but control mechanisms to keep the sheep in line.

Christianity is just another. The mythical Jesus was based on several rabble-rousers of the day, largely Apollonius of Tyana, who, being a Greek Capadocian and therefore a Roman citizen required the Roman trial officiated at by Pontius Pilot. He was the central figure at Golgotha, "Jesus" Bar Abbas ("son of the father") having been excused.

Julia Domna, wife of emperor Septimus Severus, commissioned Philostratus to do a biography of Apollonius in the 4th century, if I remember correctly, maybe the 5th, based on writings of Apollonius' side-kick Damis (Thomas), otherwise nothing would be known of Apollonius as the early church took such pains to eradicate his memory.

Apollonius was a devotee of Krishna. He and Damis made several trips to India which accounts for the stories of Jesus in India. There is an Indian postage stamp of Damis.

Best regards,
Bob Taft
The Taft Ranch
Upton, Wyoming
(307) 465-2206

"The man who reads nothing at all is better educated than the man who reads nothing but newspapers." [Thomas Jefferson]

http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897

"We hang the petty thieves and appoint the great ones to public office." Aesop

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14th March 2008

Mike Maxwell Replied To Bob Taft & Arthur Cristian

So you see myths and don't see the real..nor the real reason of his coming, freedom.

Strange you like the concept of tuns and hundreds and quote elsewhere the Royal Law but reject the King as mere myth.

It is impossible for man to invent anything real, the real Jesus is our escape and save i our as the only way out of the living hell the liars conceive.

You are forgetting Josephus records Jesus separately to the Bible from the Roman side of things himself a historian and Jew opposing the Christian Jews.

Regardless Krishna is a pagan god.

Religions are registered as legions of Rome.

The King of the Jews became King of Kings.

Forgive us our debts (not please consider a little less sir)

Thy Kingdom Come on Earth (not somebody else who hates and taxes us watches the poor get poorer who gets very fat and rich keeps castles and priceless art whilst others are selling kidneys to eat making war in faraway lands for their oil or ridiculous conversion to democracy etc)

Over 2 billion perhaps 3 billion near half the people have a christian background but the promises were never read as a will and inheritance to them as ANY child would eagerly seek the Inheritance due of a lost WILL naming them an inheritor.

The leaders are wooed by the King, Woe YOU scribes and pharisees............because they shut the gates of freedom and refuse the WILL of the King.

Every modern western claims Christianity but a simply application of the Royal Law to their acts and wars and abortions proves them liars. YET none are excommunicated.

Christianity was really about freedom from slavery sovereignty peace with security sins and debts eaten by the King and a Golden Law of LOVE.

We are still under Pagan Roman Occupation, Britain was western empire of Rome, we have the CIVIL and civilised STATE pagan LAW, carried from Rome the Capitol
and all manner of trials and tribulations due to their wicked tribunals feasting on our good faith good will and good lives and good livings.

If you read the two babylons by hislop you will see the pagan trail clearly of the same dead images controlling the lives of the real down through the ages.

Jesus came to complete finish the Mosaic Law which was being abused (money and sacrifice of your stock or fruits for sin), yet none perfected nor kept it bar him, he fulfilled each prophesy thereby proving forever his anointment.

He opposed the taxers and the cruel and the wicked and the liars and the money changers keeping him his brothers his family in slavery and bondage.

Sadly the mob in the centre of the viper priests was stirred against him and did not want to walk out of Egypt and their slavery, they preferred his death but his death was the last sacrifice and faith in him and the rite of baptism into his family cleans those who are seeking freedom and entry into his kingdom by faith and good works.

After all the hundreds of years now of Protestant rule in Great Britain and her colonies Territories both former and existing these common-wealths have never had real freedom and prefer slavery so much so they rarely right write or riot against any bad or wicked rule.

Choose your path to freedom let me know how far you get obeying or recreating mans system of rules codes statutes laws which dishonour the LOVE we call and the love we seek doing no harm unless under attack in need of self defense.

Thanks
Mike Maxwell

Without Judging
Without Prejudice
With Peace and Love

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14th March 2008

Bob Taft Replied To Mike Maxwell & Arthur Cristian

There are two small paragraphs about "Jesus" in Josephus which seem to have been inserted later, having no connection with the preceding and following paragraphs.

There is something in Seutonius and a bit in one of Tacitus' works, his Histories I think. My library is in boxes in a shed.

I think there was one more first century reference to "Jesus" maybe two. In some cases the reference is to one of the new cults, a name similar to Christianity but actually quite different.

On the other hand some of the early Emperors and such had statues of Apollonius about. He was quite real. His message was of another myth, Krishna, but he was made into an icon in his own right.

I used to get THE TRUTHSEEKER back when Charles Smith was running the paper out of NYC. I have dozens of free-thinker books. I have no reason to apologize for what I think and write. I just hope no one takes offense at my failure to agree with group-think. I have never seen anything of value emerging from a group effort. Only individuals who dare to think on their own make civilization progress to greater heights. At least that's my opinion.

Howard Rand's DIGEST OF THE DIVINE LAW is still but $9. I appreciate much of Exodus and other early writings for what wisdom they perpetuate but I care not a fig for who said what. If it works I'm for it. In our society it is who said it that is important, not what was said. There is endless drivel over TV that gets oos and ahhs from the gullible public, just because the sayer has some sort of mystical stature, because an acceptable father screwed an acceptable mother. Again, my opinion only.

Best regards,
Bob Taft
The Taft Ranch
Upton, Wyoming
(307) 465-2206

"The man who reads nothing at all is better educated than the man who reads nothing but newspapers." [Thomas Jefferson]

http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897

"We hang the petty thieves and appoint the great ones to public office." Aesop

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15th March 2008

Arthur Cristian Replied To Bob Taft

Well said Bob,
That is exactly how I feel, who cares who said what, whether con-struct or real, the truth is the truth and the greatest of all truths is DO NO HARM (through feelings, thoughts, words or deeds).

Also, the letter J (j) was not invented until the 1500's, it appears was first used by Francis Bacon alias William Shakespeare with the word Jew. Until then the word Jew never even existed on earth for the past 10,000 years.

Then you have the new word Jesus which seems to have first appeared during the late 1600's and again never existed on earth for 10,000 years until then. It is incontrovertible, the word Jesus came out of Lesus (lesus) and Iesus (iesus) which came out of Isis (isis) and Isis is one of the thirteen Ancient Egyptian Black-Magic sects/cults/tribes now known these days as one of ISRAEL'S thirteen tribes of David.

The ruling tribe of ISRAEL is ZION/SION and the other twelve cults all sit under-the-standing of Zion/Sion.

Sion/Zion is the name of the tallest mountain of Israel but is also the name of the ruling capital of "THE LAW" of Israel.

Zion/Sion = "The Crown" = Satan = God = "The Rule Of Law" (all fiction-fantasy images invented out of thin air - CON-structs (CON-struct-i-on-s) believed in, valued in, and worshiped in, by the stupid-dumbed hu-man sheeple Goi)

It goes something like this (based on the true images of MANS senses (experiences/sensations) when observing the sun, moon, saturn & other stellar/solar objects in relationship to MAN of Earth.. like the shadow of the moon casting its illumined light of man-made out of thin air darkness over the earth,...... or the ring around saturn being the administered rule of law over the stupid-dumbed hu-man sheeple Goi) ............

IS = the worship of the moon - one of Ancient Egypt's 13 black-magic cults/tribes/sects of ISRAEL (judges, magi-strates, commissioners, senators etc = high priests appointed by God - to rule over the stupid-dumbed hu-man sheeple Goi)

RA = the worship of the sun - one of Ancient Egypt's 13 black-magic cults/tribes/sects of ISRAEL (the royal family divinely appointed by God - to rule over the stupid-dumbed hu-man sheeple Goi)

EL = the worship of saturn - one of Ancient Egypt's 13 black-magic cults/tribes/sects of ISRAEL (lawyers, solicitors, barristers, politicians = the high-priest-HOODS appointed by God - to rule over the stupid-dumbed hu-man sheeple Goi)

Zion/Sion being "The Rule" as in "The Rule Of Law"

REMEMBER................ Nothing (no-thing = con-struct) can exist in fiction-fantasyland (The Western World) unless "The Rule Of Law" says that it (con-struct) exists. "The Rule Of Law" determines what does exist (con-struct) and what does not exist (con-struct) in fiction-fantasyland.

Zionists (Ancient Egypt's Cult Of The All-Seeing Eye - "The Worshipers Of The Intellect") invented a sandpit out of thin air, threw plastic toys and building blocks into it (all invented out of thin air) and then led-brainwashed MAN to enter into the sandpit of Zion from early child-hood (hood = the fictionalised images of con-structs invented out of thin air which blocks the true soul-light from shining as MAN of Earth) and in a perpetual state of fear (due to constant terrorist attacks upon the psyche for 10,000 years) - the stupid dumbed-down hu-man sheeple Goi always reside in the sand-pit, playing and working with the building blocks and plastic toys, all provided by Zion, to be used by the stupid-dumbed hu-man sheeple Goi's as their VERSION OF REALITY.

This artificial version of reality (the sandpit) is the present western world we all live in. All the images that fashion our view of the sandpit came from outside of us through our eyes, ears and other senses after we were created as MAN of Earth. We did not bring these images with us into this world when we were all created as MAN of Earth. All these artificial images of fiction came from one source ------- "Ancient Egypt's Cult Of The All Seeing Eye" led by the MAN Satan priest, the inventor of this cult 10,000 years ago. At the highest levels well above the 33rd degree resides this .01% of the population (100 per one million) who are the past and present illumined worshipers of the intellect and who impact all the affairs of MAN of Earth for 10,000 years now (excluding the indigenous tribes of the Americas, Gondwanaland, parts of Africa and other Pacific/Atlantic Islanders who were not yet under-the-standing of Zion, but who are now).

Everything about Sion/Zion, Israel and Rule Of Law is one great big CON as in CON-struct, images of fiction invented out of thin air.

The Rule Of Law is The Rule of imaginary shadows (illumined lights = illumined minds of ISRAEL).

Isn't this the real world of the darkness as seen today and as seen across "THEIR ages" of recorded illumined history HIS-STORY (Satan's inventions of CON-structs) ???

Please meditate on this Bob and Mike, please remove the fog of disinformation (bullshit recorded history - HIS-STORY = Satan's inventions of fictionalised con-structs out of thin air) and let me know what truths come up for both of you.

The ways of the illumined dark-side today is the same (a sameness - black is always black - dark is always dark - its predictable once you recognise the tactics and methodologies of the dark-side) as it has always been across their recorded ages, only the colour and the style of the shirts the GOI wears (con-structs - images of fiction invented out of thin air) have changed across Zions recorded ages of their his-story.

The way the ruler of law works today is the way it has always been on Earth for 10,000 years since all this crap started. All the mysticism, pagan Gods and religions etc are just the 10,000 year fog of disinformation cleverly disguising the hardly noticed silhouettes of the black-magic warlocks and witches, which you can notice with heartfelt eyes of truth, when you gaze into the fog that is Satan's fiction-fantasyland.

Fiction-fantasyland is just 10,000 years full of bullshit fictionalised images of con-structs floating around in the minds of the GOI, compliments of all Satan's black-magic read and write alphabet languages since he first started (invented out of thin air) this deception. He was the one (the snake) who tempted Eve to eat (comprehend) the apple (con-structed images of fiction invented out of thin air) leading to both Adam and Eve (MAN - male and female) to believe in, value in, and worship in these artificial images of fiction (all invented out of thin air), causing them (the tribes-villages-communities of MAN of Earth) to fall from the Garden of Eden (reality - creation - perpetually creating and releasing acts of love - fruits of labour that benefits all of creation all of the time) becoming self-centered (me, me, me, I, I, I), completely separated from love (the love of the supreme creator of our love (acts of love being created and released on a constant perpetual basis by MAN).

MAN fell because MAN learnt to OWN images of fiction which is what we have today, billions of MAN believing they own the creations of MANS acts of love (fruits of labour), assets, homes, land, mortgages, money, fiat, taxes, bills in the mail, rules of law, private corporations, religions, cults, sects, fashion, football team, sex, alcohol, gambling, insurance, news, soap operas, politics, history, poisons, chemicals, conspiracies, courses, careers, bank accounts, thousands and thousands of these con-structs invented out of thin air. In truth MAN owns nothing, it is impossible to own anything when working with the love of the supreme creator of our love. What would happen to you if you owned the last breath or the last drink or the last meal???

You would die (fall).

So MAN of Earth is dying and has died for 10,000 years now. Just take a very good look at the state of MAN of Earth and the Earth today.

Look around you, including at your-self, and see just how many areas of our/your real lives are dying or have died due to OWNING images of fiction!!!!!!! You will be staggered at the amount of DOING HARM going on.

Remember..... where there is no harm being done there can only be love. Love can't exist where harm doing resides. Harm is the absence of love just as darkness is the absence of light. The new article we are writing "The True Steps Of Freedom" explains all this very clearly and in depth. We hope to have it released by the end of next week

Love Arthur Cristian

Arthur & Fiona Cristian
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16th March 2008

Richard Niemela Wrote To Jack Lancaster After Jack Forwarded Arthur Cristian's Last Posting To His Mailing List

Richard Niemela wrote:

Jack..I would not take some of what Arthur Christian has offered here with certainty..

His definition of Zion is wrong and to call Zion the leading Tribe is pure nonsense...Zion was the citadel that David captured and made it his first center of power, from where the laws emanated...and it was located within Jerusalem.

Remember too, that God set up the house of David and the promises made to Judah. When Samuel anointed David king, he did not make him king either of Israel or Judah; rather it was the occasion when the authority previously invested in in the judges was transferred to the Royal House of David (1 Sam.16:1-3, 13).

Later, David was accepted by the men of Judah as King of Judah. After reigning seven and one half years in Hebron as King of Judah, he was chosen by the elders of Israel to be King of Israel, also, thus he became King of both Israel and Judah, separate nations under one ruler. (2 Sam.2:4 & 5:1-5)

By these acts, the Royal House of David was established and became heir to the promise made to Judah: "The scepter shall not depart from Judah." (Gen.49:10).

THe establishment of the house of David is further attested to in 2 Sam.7:11-16, and it is recorded in 1 Chron. 21:18-25 that David bought and paid for the site on which the temple later stood.

But it was Zion that David used as his center of power. It was called the city of David.

JRN

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16th March 2008

Arthur Cristian Replied To Richard Niemela

Dear Richard
With due respect to the love of soul of the supreme creator of our love that created the real flesh and blood MAN that you really are, it must be pointed out, as an act of love, that the hu-man image you believe in, as being who you think you really are, in relationship to the bible, is terribly mistaken and misguided about reality.

Disclaimer: I seek to Do No Harm to you, your family and others, through feelings, thoughts or words or deeds when working with the black-magic crafted English words of fiction to communicate the real feelings of insights, perceptions, intuition, gut instincts etc that are the real feelings of the soul that I Am.
I have no other tool available as yet to communicate with your comprehension of meanings. I do not wish to remain part of the fiction or keep you in the fiction but, for the moment, this is the only way we can comprehend each other.

And as I love MAN I will always give you my very best. (MAN being real flesh and blood men, women and children created in the image of the living God of creation (love).

There is a massive distinction between reality and fiction, between the living God of creation and the dead god of fiction, between the here and now of the living God of creation (where the living God of creation is always present), and the past and the future of the dead god of fiction (where it always resides - its images are never of the here and now) and between images of creation and the images of illusions/fantasies/delusions invented out of thin air.

All these images you are brilliantly parroting off from the bible ARE ALL FICTIONS Richard,

Jerusalem,
house of David,
promises made to Judah,
Samuel anointed David king,
the authority previously invested in the judges was transferred to the Royal House of David,
David was accepted by the men of Judah as King of Judah,
After reigning seven and one half years in Hebron as King of Judah,
he was chosen by the elders of Israel to be King of Israel,
thus he became King of both Israel and Judah,
separate nations under one ruler,
By these acts,
the Royal House of David was established and became heir to the promise made to Judah,
"The scepter shall not depart from Judah.",
The establishment of the house of David is further attested to,
David bought and paid for the site,
on which the temple later stood,
But it was Zion that David used as his center of power,
It was called the city of David,

are all images of FICTION (CON-structs/CON-structions) invented out of thin air by the dead god of fiction that you gleefully believe in, value and worship and which traps you with its clever usage of divide and rule Sophistry (using words like establishment, Royal House, center of power, city of David, authority, invested, judges, Israel, King, Judah, Acts, Scepter, Reigning, David, Heir, etc etc).

Prove me wrong Richard.

You have been challenged.

Bring forth your claim to back up the statement of your belief that the Bible represents the living God of creation and not the dead god of fiction..... that the living God of creation willingly defaults to the dead god of fiction by using the dead god of fiction's read and write alphabet languages to form images of fiction (CON-structs) all invented out of thin air, to CON-vey love for real flesh and blood MAN, images (creations of love) created in the image of the love of the supreme creator of our love.

As love is creation, love is perpetual acts of love (fruits of labour) always being created and always being released by the real life-forms of creation HERE AND NOW, inanimate or not. These acts of love (fruits of labour) benefit all life-forms of creation at all times; they are the air we breathe, the water we drink and the food we eat and are all created in the loving image of the supreme creator of our love. Where are the acts of love created by these words which form the images of the dead god of fiction? How are they feeding the hungry and clothing the naked? How are they giving water to the thirsty and shelter to the homeless?

All images of the dead god of fiction like the bible, the torah, the talmud, the vedas, the koran etc can't walk or talk or create acts of love to benefit MAN and nature here and now. The images of fiction they CON-vey all reside in the past or in the future but never of the here and now.

These words of the dead god of fiction are in/of the past. Why are you clinging to the past? And why are you CON-tinuing to project these images into the future so that they keep bouncing back to you, here and now, in the image of the harm-doing fiction (thoughts you believe in, value & worship), created by you here and now????

Everything you create here and now, the images of either light or dark, creation or fiction, love or harm-doing, bounce back to you, and what bounces back to you impacts everyone and everything else in relationship to you, be it your partner, your children, your community, your home, your garden, all the creatures of nature, the earth and all other life-forms, inanimate or not, that form the image of the creation of the living Gods universe.

Every MAN creating images (fruits of labour) in the image of the dead God of fiction are presently committed to destroying everything creating in the image of the living God of creation here and now, i.e. MAN, Earth and Nature, because MAN, Earth & Nature are always in relationship with these terribly lost fruit loops here and now, fruit loops I call Hu-Mans, regardless of whether these Hu-Man fruit loops are conscious of this fact (truth) or not.

What is important is what you are creating (fruits of labour - acts of love) HERE AND NOW in your life this very moment and that you are ALWAYS releasing your fruits of labour for the benefit of MAN, nature and earth, which are all of CREATION, of the living God of creation. Because if you are not doing this here and now, then you are not creating your real life (your image) in the image of the living God of creation here and now.

The living God of creation is the GOD of Love, our love, the love we work with, the real-life-force-energy of love we co-create with, to co-create our fruits of labour and set them free for the benefit of creation. If you are not setting free everything you are creating in the image of the living God of our love, then what you are creating ARE NOT ACTS OF LOVE........ARE THEY????

Then whose image are they being created in if not the living God of creation????

Which God are you supporting Richard???? the living God of creation or the dead god of fiction?????

Do you intend on CON-tinuing the Doing of Harm to MAN, nature and the universe by creating images of fiction (the belief in the bible) to deceive yourself, your loved ones and others????

An act of love is only an act of love when an act of love is set "FREE".

When we are not creating acts of love in the image of the living God of creation, then during this time of REBELLION we are only doing harm to ourselves, to others, to nature, to earth and to all of creation with the images of harm doing that are being created without love, with the intended purpose of denying our acts of love for the benefit of all of creation.

Are you doing harm or no harm here and now Richard?

As stated below to Kesava (part of that email reply is cut and pasted here & the words in red are extra inserts.....

["Where do these fiction-fantasy images (words) exist as part of creation (reality - nature)????

Does the image of Admiral, Krishna, Jesus, David, Moses, Zion, Citadel, Laws, Jerusalem, Royal, House, King, etc etc grow as real fruit on a tree or come running down the mountains after the rain or be created as a real flesh and blood calf or have wings to fly high like an eagle ?????

What has Lord Krishna or Jesus or David etc got to do with the truth???? Can Krishna or Jesus or David etc walk and talk here and now, can Krishna or Jesus or David etc contract or negotiate with real flesh and blood MAN here and now? Can Krishna or Jesus or David etc create acts of love (fruits of labour) here and now that we can all experience with our real senses of creation and benefit from???? Show me the incontrovertible solid-gold evidence what Lord Krishna or Jesus or David etc are presently doing for creation and MAN to keep creation and MAN rolling along????

I bet you zillions of dollars that the image of Krishna or Jesus or David etc can't exist forever without MAN but that MAN can still exist without Krishna or Jesus or David etc forever!!!!

What does the truth now tell you Kesava Richard????? it tells you that Krishna or Jesus or David etc do not exist...that Krishna or Jesus or David etc are fantasies invented out of Black-Magic thin air. And yes the apparitions of Krishna and Jesus etc are derived from thought-forms/entities of the Astral World and again are all con-ceived via the use of Black-Magic and the willing brainwashed participants who worship these fiction-fantasy images into apparitions (thought-forms/entities) BOUNCING BACK TO HU-MAN.

Everything of creation, of the real world, has a real part to play in maintaining the existence of creation? What is Krishna's or Jesus or David's role? We know the roles of all life-forms, inanimate or not, of nature, earth and universe, in maintaining the existence of creation as in sun, moon, air, water, insects, frogs, bees etc etc but what about Lord Krishna or Jesus or David etc ??????

I bet you that even in 1000 years you will experience absolutely nothing from read and write alphabet language words and books to directly benefit MAN and creation, OF THEIR OWN ACCORD, OF THEIR OWN WILL-POWER.

All you will see is the gradual deterioration of paper back into the soil of Earth. Contemplate on this Kesava Richard!!!!! Prove me wrong with what I have stated thus far!!!! Study all the unedited long-winded repetitive documents I posted here: http://loveforlife.com.au/arthur_cristian ]

As already stated Richard, the Supreme Creator of our love is the living God of creation and always resides here and now in the presence where everything of creation (of the living God) is creating acts of love (fruits of labour) and releasing acts of love for the benefit of everything of creation here and now. The dead god of fiction hates the here and now and all its power is taken away from it when all of MAN stops believing in the past or the future.

The living God of creation is eternal and eternity is the here and now while the dead god of fiction is of the past and of the future and that is why it is finite.

All divide and rules (images of fiction) are based on the past or on the future or are of reference points or boundaries or of dimensions or locations etc, hence we get lots and plots, acres and hectares, civilisations, nations, race, culture, creed, bible, time, space, Gregorian Calender, carbon dating, history, taxes, bills, fees, fines, penalties, licenses, registrations, kings, queens, pharaohs, emperors, presidents, directors, stock-holders, judges, barristers, lawyers, banksters, treasurers, ministers, priests, popes, messiahs, prophets, etc (tens of thousands of fiction-fantasy images created in the image of the dead god of fiction.

Did you know that if there was no belief (comprehension) of/in the past or of/in the future there would be NO EXISTENCE (comprehension of such an image of fiction) of a MIDDLE MAN, that there would be no existence of 3rd Parties to the fiction as in Jesus, David, Moses, Krishna, Prime Minister, Anti-Christ, Illuminati, Jesuit, Jew, Zionist, Christian, Buddhist, Pope, Lama, Accountant, Judge, Magistrate, Registrar, Barrister, Lawyer, Messiah, The Promised One, The Prophet, contract, statement, invoice, bill, mortgage, private corporation, bank, money, gold, silver, stock-market, real-estate agent, Supreme Court, government, White House, politician, public servant, Ron Paul, Bill Gates, George Bush, Bill Clinton, David Rockefeller, IBM, The Crown, Catholic Church, Church, Democrats, Republicans etc etc??????

Richard, and this goes for all real flesh and blood Men, Women and Children of Earth here and now, If it can't be proven incontrovertibly with solid-gold evidence, that what the soul that I am is stating is wrong, is false, then all the heartfelt information being communicated in all the documents posted to the Love For Life Website here: http://loveforlife.com.au/arthur_cristian including what the soul that I Am stated in this email here and now, are here and now and will always be OF A MUCH HIGHER STANDING than the bible, the torah, the talmud, the gita, the vedas, the koran etc etc, meaning that you can now throw them all out the window including all other books of history (no matter what), all written in any read or write alphabet language, because it has been proven incontrovertibly, here and now, to all be false, to all be CON-taining many lies and deceptions, created in the image of the dead god of fiction.

The living God of creation always brings forth the living truth, the living embodiment, of the living words of creation. The acts of love of the living God of creation act as a sword to cut down the deceptions of the dead god of fiction. If there is a promised messiah he or she as MAN will be perpetually creating and releasing acts of love here and now, that we will all be able to feel with our real senses of creation (sight, sound, feel, touch, taste, hear) and benefit from. As my gift of love for MAN, this document and all other documents provide the truth of the real God of creation, inspiring MAN to be set free from the imprisonment of the images of fiction that chain them to the 3rd parties of fiction, 3rd parties who seek to Do Harm to their prisoners, by destroying the bible and all other books of history written in any black-magic read or write alphabet language.

Love Arthur Cristian

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Mobile: 0011 61 418 203204 (local 0418 203204)

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17th March 2008

Richard Niemela Replied To Arthur Cristian

Arnold.
read through your critical blasphemous diatribe to see if there might be something of value to comment on, something that exhibited a thread of credibility, but, not finding any, I can only consider the overall tone of the rantings you have offered for consideration...I don't have any degrees in foolishness or in confused blarney, so will avoid referring to your own words that decry what is found in the Word...since your humanist values appear to take precedence over what does appear in the Bible. I came away with the realization that some people inject these humanist values into their religious thinking so as to gain some 15 minutes of fame and recognition, simply by being "different"..

The Bible is designed and intended for Israelites: those of ancient Israel in the past, and those of Christian Israel today..Although many of them do not yet have an understanding of who is who in this world today...But they will, if not yet alive, when events take place, when they face that judgment time and see just who the recipients of His Blessings had been and Who were the ones whom God called, His Chosen...There is a distinct separation of peoples in the Word and those who pick and choose specific words in seeking to justify multiculturalism, diversity and churchy ecumenism are under the influence of the Talmudists who must, by virtue of who they are, try and shape the world into a confused mishmash of peoples...whom they then assume will fall under their dominion...(See attached)

Little do they know that as the Tares, their fate is already sealed.

JRN

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30th March 2008

Arthur Cristian Replied To Richard Niemela

Dear Richard
Your present attitude and behavior has you show up as being a pathetic gutless wimp & coward of the worst kind.

Though the link to soul is all love all of the time here and now, you have severed your real-life with love (soul) here and now, to worship the evil shadows of fiction instead. Shadows of the dead god of fiction that reside only in the past or in the future but never in the eternal life of the here and now where the living God of creation always resides.

The past and the future are finite and do not exist. Working with your senses of creation/reality (sight, sound, smell, touch, taste, feel) that always reside here and now, where is the past or the future?????? Can you hold the past or the future? Or taste, smell, hear them?

All the images of the past and of the future are without life, are not of creation and are only ghosts of our inventions out of thin air. In contrast, the eternal here and now is infinite, is life, is love and is creation. Where are the images? Can you touch, smell, taste them?

Today, thoughts are points of view that shape our belief systems; they are either of the dead god of fiction based on the past or on the future (unconsciousness) or are of the eternal here and now, always aligned to the life of the living God of creation (consciousness).

Life is for the living here and now and we are unable to live without love here and now, knowing that love is life here and now, knowing that love is creation here and now, knowing that life is perpetual acts of love being created and released in the eternal here and now for the benefit of MAN, nature and the universe.

Love is the LIFE OF CREATION here and now. It is in the letting go of our acts (creations) of love here and now that we are free. An act of love is not an act of love when we are unable or unwilling to let go of what we created here and now. Love is the life of freedom here and now but freedom can can only be when life is set free here and now. And life is acts of love being eternally set free here and now.

Freedom resides only in the eternal here and now. Life resides only in the eternal here and now. Creation resides only in the eternal here and now. Truth resides only in the eternal here and now. The eternal here and now of the living God of Creation is without time or space, dimensions, rules, regulations, rituals, procedures, CON-ditions, reference points or boundaries.

We die when we don't release our last breath or last meal or last drink here and now. We die when we stop loving here and now. We die when we arrogantly hold on to points of view that are proven to be false here and now. We die when we ignore other points of view that are a threat to our present arrogant points of view here and now. We die because we have forgotten to love here and now.

Conscious or not, you are also showing up to be a disinformation agent of the worst kind as well. "Ignorance is no excuse" ("Ignorance of the heartfelt natural law of love is no excuse"). The one who is blasphemous is the one who gives the lovely impression that he/she is loving when they are not at all.Where is the here and now of your love Richard???? Where is your love for truth knowing that the truth will set you free?????

You avoided answering any of the specific probes I challenged you with and, just like all disinformation agents of the dark-side, you arrogantly ignore the information you are in fear of, knowing that if you were to focus completely upon the specific probes being asked of you to answer, this massive collision with the truth would completely destroy the present points of view which shape your arrogant belief system.

Although your link to soul is love all of the time, here and now, this sinister arrogant attitude has you presently show up to be a terrible liar Richard, without the courage to deal with reality (truth). You prefer to hide in the shadows of fiction cast by your sublime arrogance, ignoring the truth that you are in fear of which only confirms/admits that you are too scared to face directly into the sunlight of truth. By turning your face away from the sunlight of truth you prefer to indulge in the unconscious shadows cast by your arrogant points of view and this evil sick attitude condemns you to worshiping false idols.

Do the things I write about threaten your point of view? Are you unable to meet my challenge? Is this why you prefer to attack my character rather than address the questions asked? Have we ever met? Have I ever harmed you? Have you ever lived with me? Have we ever had personal face to face dealings between us? On what basis have you written me off as MAN? Have you been plucking opinions out of thin air to shape another fiction-fantasy point of view?

Where did I say that I was a practicing humanist? I certainly didn't, as I am not a Humanist, so this must again be something you have invented out of thin air.

There are numerous lies found throughout your reply, Richard (blasphemous diatribe - overall tone of the rantings - avoid referring to your own words that decry what is found in the Word - your humanist values appear to take precedence over what does appear in the Bible - inject these humanist values into their religious thinking so as to gain some 15 minutes of fame and recognition, simply by being "different" -). Please bring forth some evidence to back up your claims.

The network you are part of is based on the who did what when, where, how and why of the past and the future. The Bible is all based on the past and the future, Where are the acts of love being created and released by the Bible here and now? Where are your acts of love here and now that are benefiting all life-forms of creation, inanimate or not, all of the time? Are you conscious of the love that is life right now? We can talk all we like about love but, unless we are creating and releasing acts of love here and now, we are doing harm and living unconsciously in the shadows.

In a state of unconsciousness with billions of others here and now, you prefer to serve the dead god of fiction as proven by your determination to Do Harm to another real flesh and blood MAN here and now. Aligned with those of the dark-side of unconsciousness you are bound in fear of the brilliant light of truth and will go to whatever extremes are possible to avoid having to face the inevitable self-judgment of your present belief system.

The living God of creation is the God of love here and now and you are presently miles away from serving the God of love here and now.

Consciousness is love, is life, is creation, is freedom, is truth, is acts of love being created and released here and now, DOING NO HARM to Creation. Unconsciousness is without love, is without life, is without freedom, is without truth, is without acts of love being created and released here and now.

Unconsciousness is always Doing Harm to MAN, Nature, Universe and Creation here and now.

Consciousness is of the living God of creation while unconsciousness is of the dead god of fiction.

Richard, I have already torn your present Bible and Christian belief system into thousands of pieces of nothingness but you will never be able to do this with the truth being shared by the Soul that I Am. Prove me wrong Richard. Take me on, answer my challenge & lets see where the truth resides!!!!!

I Am of the Father and the Father is of me. I Am of the Mother and the Mother is of me. I Am The Son of The Soul That I Am and the Soul that I Am destroys everything of the fiction here and now. No one of the fiction can destroy the Soul that I Am or the images of love being created by the Soul that I Am.

Father, forgive them (the unconscious) for they do not know what they do.

Arthur Cristian

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30th March 2008

Arthur Cristian Replied To Richard Niemela

Dear Richard
In addition to what the soul that I Am stated " We die when we don't release our last breath or last meal or last drink here and now. We die when we stop loving here and now. We die when we arrogantly hold on to points of view that are proven to be false here and now. We die when we ignore other points of view that are a threat to our present arrogant points of view here and now. We die because we have forgotten to love here and now."

I include this: And MANS death is the cutting of the link to soul here and now and Soul is the love of the Supreme Creator of our love. When we stop to love here and now, we are pronounced dead laying in the arms of the dead god of fiction.

Billions of HU-MANS are the walking dead, they act as roosters with heads chopped off from heart (soul), running around surviving the inevitable quickening death of their creation of life. Their real life-force energy of love, of creation (the blood of life), oozes out, when it was never meant to, which is why MAN dies so very young here and now and why MAN is diseased, malnourished and ages too quickly here and now.

MAN can live many hundreds of years here and now but without love we die too quickly. Living only to 80 or 90 or 100 is an absolute failure of MAN. MAN is created in the image of the living God of Creation to expand the consciousness of creation here and now. Every child created is created to expand the consciousness of creation but instead, we dumb down our children into an awful state of unconsciousness and the glory of creation is heavily weighed down with images of fiction that destroys the beautiful, inspiring and wonderful images of creation.

In the image of Love, a child is created greater than its parents and its greatness is what expands the consciousness of creation but as you can see, the worship to the dead god of fiction makes children less than their parents and great-grandparents.

The universe of MAN has stalled, gone into reverse and is now getting close to extinction. And the cause of this pending disaster are lost HU-MANS worshiping a vast array of false idols of the dead god of fiction, causing MAN to stop creating, releasing, bouncing and expanding the love of creation which is the life-blood of the living God of creation.

Arthur Cristian

------------------------------------------------------------------------

30th March 2008

Dick Eastman Replied To Bob Taft

Re: attn. Ken Freeland - the money multiplier increases the benefits of reducing the reserve requirement)

I wish you had kept up a color code -- to help keep track of order and identities in this discussion.

The article is too difficult to follow.

All I can do is conclude that the several text books I have on my shelf and the residual impression left by all of my past reading and college and university instruction on the subject say one thing -- and Ardeshir's logic tells him that it is unlikely to be true. I therefore am certainly not in a position by my own discursive reasoning to add anything that will sway Ardeshir on this question.

I feel as I though when trying to convince my countrymen on the internet that Flight 77 did not hit the Pentagon.

And thinking about it -- have I ever convinced anyone of anything on the internet?

And when I try to think when some of my most respected associates Ardeshir, Peter, Vicky, Mark, Ken, Bob Taft, J Austin etc. have ever said "I agree with you, Dick" -- I cannot think of one time. Denny and galen have agreed with me often, and tbcane, Chuck and occasionally Jeff Rense have passed on my messages.

I really should think of a new hobby.

Anyway here is a final shot at your principle objection. I am a gluten for punishment. You write:

AM: Now here's where my problem surfaces: I don't see WHAT justifies this LAST table. Sure, the bank's borrowers, who were given loans by the bank (in the form of deposits in their names) would spend whatever money the banks deposited in those deposits by writing cheques, and those cheques would be deposited in OTHER banks. But wouldn't the banks OTHER deposits be replenished by people who had borrowed from OTHER banks spending THEIR loan money on things sold by customers of THIS bank, who would deposit THEIR cheques in THIS bank? On the average, on any given day, wouldn't the total of withdrawals be about the same as the totals in replenishment of deposits?

DE reply: We are trying to gage the effect on the total deposits of depositing a dollar (or a million dollars) in the form of cash that has been circulating outside the banking system or a newly created demand deposit from a loan upon which a check is written. We are not concerned about checkbook money that has already worked its way through the expansion process so that every withdrawal is balanced by a subsequent deposit. We are talking about the effects of an injection (money from the mattress or from a new loan), the effect of this injection upon total deposits -- theoretically holding everything else the same (every withdrawal from a bank in the banking system being followed by a deposit).

The question is what will be the effect of this new dollar (or this new million dollars) upon total deposits in a new equilibrium. The answer depends on the reserve requirement. If the reserve requirement is 1/10th then the maximum increase in deposits in the banking system that can be generated from that deposit will be ten times that deposit. The initial deposit made by the loan will be withdrawn by the borrower and deposited in another bank which will view the deposits as new excess reserves of which 9/10's can be loaned out -- and that loan will be spent and deposited in another bank and another loan of 9/10ths of that amount will be made and so on until the total of new deposits created by that new injection of money will be ten times the amount of the original injection (provided the banks lend the max each time and no one decides to hold extra money in the form of cash.

If you don't buy what I am saying -- then I am simply helpless to do or say anything more.

Dick

From: Ardeshir Mehta

To: Square-Two @ yahoogroups.com ; chdouglas @ yahoogroups.com ; uno_reform @ yahoogroups.com ; Dick Eastman ; Don Stacey ; Ken Freeland

Sent: Saturday, March 29, 2008 10:48 AM

Subject: [uno_reform] Possible error in textbook quoted by Dick Eastman (was: Re: Fw: attn. Ken and Ardeshir

Re: attn. Ken Freeland - the money multiplier increases the benefits of reducing the reserve requirement)

On 27-Mar-08, at 11:18 PM, Dick Eastman wrote:

DE: Subject: attn. Ken and Ardeshir

Re: attn. Ken Freeland - the money multiplier increases the benefits of reducing the reserve requirement

On 27-Mar-08, at 2:54 AM, Dick Eastman wrote:

Ken, is this the message you were talking about?

Comments interspersed.

From: Ken Freeland
To: 'Dick Eastman' ; CH Douglas

KF: Dick,

This is not my understanding but perhaps you can prove me wrong. My understanding is that when someone deposits a dollar in an FDIC bank, that bank can deposit it with the Fed, and then create loans that are a multiple of that reserve deposit, on the order of something like 9 to 1. Can anyone prove me wrong?

DE: Yes that bank can deposit that money with the Fed rather than keeping it in its own vaults. (And the Fed may use that money to buy securities in open market operations with the investment bankers at the New York Fed.) But the bank making the deposit of its reserves with the Fed (where they are still counted as legal reserves) can only loan a fraction, NOT A MULTIPLE, of the amount on deposit.

AM: This is precisely the claim of yours, Dick, for which I am looking for evidence. (I don't mean text books; I mean either statutes which the bank is obliged to follow, or some logic for it to be advantageous for them to do so.)

DE2: You are asking me for a statute that prevents banks from making loans (creating demand deposits for borrowers) nine times in excess of what has been deposited.

AM: Yes, I am. (Well, not necessarily NINE times, but SOME multiple, that multiple being the inverse of the reserve ratio.) I don't see such a statute below.

Nor do I understand how, if there is no such statute, it can be advantageous for banks to refrain from making loans many times their deposits. (I shall deal later on with the example you gave from the book "Money and Banking": please continue reading.)

DE2:

In that textbook ["Principles of Economics"] Bernanke and Frank wrote (p. 627):

"Changes in reserve requirements can be used to affect the money supply, although the Fed does not usually use them in this way. For example, suppose that commercial banks are maintaining a 3 percent reserve-deposit ratio, and the Fed wants to contract the money supply. By raising required reserves to, say, 5 percent of deposits, the Fed could force commercial banks to raise their reserve-deposit ratio, at least until it reached 5 percent. [...] In modern economies, banks' reserves are less than their deposits, a situation called fractional-reserve-banking."

AM: And the other textbook you quoted, "Money and Banking", says:

DE2:

"[...] suppose that there is a reserve requirement of 12 percent of deposits. Therefore, a bank with deposits of $1 million is required to hold a minimum of $120,000 of reserves."

AM: However, YOU said,

DE2: Now I have been saying that with a 1/10 reserve requirement on loans (Bernanke's "reserve-deposit ratio") each bank can lend out 9/10s of each deposit it receives.

AM: Note that Bernanke and Frank are calling it a "reserve-DEPOSIT" ratio, not a "reserve-LOAN" ratio ... as you are! And the book "Money and Banking" CONFIRMS that the reserve is to be a specified fraction of the DEPOSITS in a ban, not of LOANS issued by it.

Remember that in accounting, LOANS are written in the LEFT hand column, and DEPOSITS in the RIGHT hand column. Loans are therefore NOT deposits!

Bernanke and Frank do say,

DE2:

"The portion of deposits not held as reserves can be lent out by the banks to earn interest."

AM: And that's true enough. But neither you nor Bernanke and Frank say that even MORE can't be lent out by the banks to earn interest. If it CAN'T be done, WHY can't it? What COMPELS banks to issue loans ONLY from their deposits?

You argued:

DE2: Think how counter to everything you see around you life would be if you could deposit a dollar bill in the bank and then get a checking account of $10 dollars from the bank for your trouble.

AM: But that IS what I can do! It fits my experience perfectly. And I don't even need to deposit that ONE dollar you spoke of.

I'll give you a PRACTICAL example as proof: I recently took out a car loan for $25,217.35 (exactly) without depositing even a SINGLE dollar in my bank. The bank which issued the loan (the Royal Bank of Canada) credited my account in the amount of $25,217.37 after I signed papers promising to re-pay them $516.64 every month for 60 months. I handed over the $25,217.37 to a Dodge dealership, and took possession of a Grand Caravan! This happened just about a month ago.

DE1: However the bank receiving checks written on that loan will then be able to count that check as reserves and will be able to lend a fraction of that deposit and so on -- and all of those fractions of every smaller deposits add up to a multiple of the original deposit. And that is how money is created out of thin air.

AM: Yes. But that is not what I am talking about.

DE2: But I thought that is what you were suspecting to be untrue!!!

AM: I don't KNOW whether it's true or not - YET. I was simply trying to determine whether, if I deposit one thousand dollars into a bank, and the bank puts that sum of one thousand dollars into its RESERVES, that SAME bank can, on the strength of its reserves having been increased by one thousand dollars, issue loans (in addition to those it had previously issued) totalling MORE than one thousand dollars.

If that's true - and Don Stacey seems to think it is, and the Credit River Decision seems to imply that it is, and Ken seems to think it is - then clearly EVEN if your explanation is true, it can't be the WHOLE truth as to how the money multiplier works ... right?

I'd like here to point out that the text book "Money and Banking", which you have quoted, writes something which doesn't seem to be correct to me. I explain what below, starting with the following quotations from the book:

[QUOTE]

DE2, quoting "Money and Banking":

RESULT OF LENDING A MULTIPLE OF EXCESS RESERVES

Suppose a bank, subject to a minimum reserve requiement of 20 percent, is holding the following ("Reserves" refer to legal reserves such as vault cash or deposits with the FRB):

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 Deposits $2,000,000

Loans 1,600,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

This bank is required to hold $400,000 of reserves against the $2,000,000 of deposits. It is at this moment holding $500,000. With excess reserves of $100,000, why can't the bank immediately lend, in the form of new deposits, $500,000? Both loans and deposits would increase by $500,000, and the $100,000 in excess reserves would become required reserves for the new deposits. Total reserves would not change. Its accounts would then appear as follows:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 Deposits $2,500,000

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,600,000 $2,600,000

The reserves of $500,000 would be 20 percent of total deposits of $2,500,000. It might seem that the bank had followed a sensible policy in creating $5 of deposits against every dollar of excess reserves that it held at the outset.

[END QUOTE]

AM: Up to this point I follow what the book is saying, and agree with it. But then the book goes on to say:

[QUOTE]

DE2, quoting "Money and Banking":

But notice what happens as the borrowers begin to spend their new deposits, as surely they will. They write checks, and the checks are deposited in other banks as this net addition to the total money stock is distributed around the banking system. The bank that created the $500,000 in the new deposits might possibly lose them all. Its balance sheet would then show the following:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 0 Deposits $2,000,000

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

[END QUOTE]

So logic would seem to require that it be re-written as follows:

[LOGICAL VERSION]

Notice what happens as the borrowers begin to spend their new deposits, as surely they will. They write checks, and the checks are deposited in other banks as this net addition to the total money stock is distributed around the banking system. The bank that created the $500,000 in the new deposits sees its DEPOSITS go down; but its RESERVES would be unaffected, since they are in the bank's vault, or else with the FRB, which could be many miles away, possibly even in another town.

However, remember that some of the borrowers who spend their money (and thus deplete their deposits) would be spending it on things which might be sold by the bank's customers, who have accounts with the bank. And in addition, remember that OTHER banks are ALSO issuing loans at the same time, and THOSE borrowers might also spend their loan money on things sold by customers of THIS bank. On any given day, therefore, withdrawals at this bank would approximately be balanced by replenishment of deposits. As a result, the bank's balance sheet would, at the end of any given day, show the following:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 (+/- x) Deposits $2,500,000 (+/- x)

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,600,000 (+/- x) $2,600,000 (+/- x)

Here, "x" is an unspecified but relatively small amount, which varies from time to time, but which at any given moment is the same in both columns.

For example, if x were equal to (plus $543), at the end of a particular day the balance sheet might look like this:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,543 Deposits $2,500,543

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,600,543 $2,600,543

On the other hand, if on at the end of another day, x were equal to (minus $765), then the balance sheet might look like this:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 499,235 Deposits $2,499,235

Loans 2,100,000 Capital 100,000
____________ _____________

$ 2,599,235 $2,599,235

In the first case, there would an excess of reserves of $543, while in the second case, there would be a shortfall of $765. In the first case, the excess reserves could be used by the bank to buy up Treasury bills, or to making very-short-term inter-bank loans to other banks which had a shortfall on that day, or returning to the Fed some of the money the bank had borrowed from the Fed at the discount window; in the second case, the shortfall in reserves could be made up by the bank by borrowing from the Fed at the "discount window", or by taking very-short-term inter-bank loans from other banks which had excess reserves, or by selling Treasury bills. But since over time, shortfalls would be balanced by excesses, the net result would be that the bank loses - for all practical purposes - nothing.

[END OF LOGICAL VERSION]

So I don't see how the conclusion of the text book (quoted below) can possibly be justified LOGICALLY:

[QUOTE]

DE2, quoting "Money and Banking":

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 4,000 Deposits $2,000,000

Loans 1,700,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

Bankers know their business too well, however, to commit such a blunder. Every banker is aware that at least the major part of any newly created deposits is quickly withdrawn.

[END QUOTE]

AM: This would (almost) NEVER happen, because it's inconceivable that while its borrowers were depleting THEIR accounts, other customers would not be REPLENISHING theirs! (If it DID happen, of course, it would imply the start of a run on this bank, or maybe on ALL banks. But then the Fed would step in, right?)

The book therefore must be in error when it says:

[QUOTE]

DE2, quoting from "Money and Banking:

And individual bank's lending power is equal to its excess reserves divided by kr + (1-k), where r is the percentage of reserves required against deposits and k is the percentage of newly created deposits retained by the bank. This deposit multiplier takes into account that when a bank creates new deposits, it ordinarily loses most of them.

[END QUOTE]

AM: The last sentence is clearly NOT the whole truth. Yes, the bank loses almost all the money that is put, as a result of loans issued by the ban, into newly-created deposits, and the same happens to money from new loans which was added to older deposits; but lots of deposits in the bank get REPLENISHED from day to day ALSO; and in any given period, the withdrawals from, and replenishment of, ALL the deposits in any particular bank are more or less equal. (If this were not the case, the bank would soon end up with no money at all in any of its deposits! That never happens, does it now. If anything, the total amount of money in the bank's deposits keeps on INCREASING from year to year, thus enabling the bank to lend more and more.)

Am I not right? If I am wrong, exactly why am I wrong?

You also wrote,

DE2: If you don't like textbooks, then what are you talking to me for. My knowledge is mostly from books and I am not a corporation lawyer.

AM: Sure, okay.

I simply claim that text books can be mistaken, and often are. (Surely you don't claim text books are infallible?)

So I, for my part, don't rely on text books for finding out the truth: I rely on my own critical mind, on verifiable facts and on unimpeachable logic. That way I can be sure I am not in error!

Cheers.

+++++

Here follows the entire text of your message, for ease of reference:

DE2: The current Chairman of the Federal Reserve Board of Governors, Ben Bernanke co-authored a textbook with Robert Frank, Principles of Economics, I book I considered using in my course found a better one (not realizing that Bernanke would be so famous.) In that textbook Bernanke and Frank wrote (p. 627):

"Changes in reserve requirements can be used to affect the money supply, although the Fed does not usually use them in this way. For example, suppose that commercial banks are maintaining a 3 percent reserve-deposit ratio, and the Fed wants to contract the money supply. By raising required reserves to, say, 5 percent of deposits, the Fed could force commercial banks to raise their reserve-deposit ratio, at least until it reached 5 percent. As you can see from Equation 23.2, an increase in the reserve-deposit ratio lowers deposits and the money supply. Similarly, a reduction in required reserves by the Fed might allow at least some banks to lower their ratio of reserves to deposits. A decline in the economy-wide reserve-deposit ration would in turn cause the money supply to rise."

Equation 23.2

Money supply = Currency held by public + (Bank Reserves)/Desired reserve-deposit ratio.

On page 624 they write:

"Part of the money supply consists of deposits in private commercial banks. Hence the behavior of commercial banks and their depositors help to determine the money supply.

"Cash or similar assets held by banks are called bank reserves. In modern economies, banks' reserves are less than their deposits, a situation called fractional-reserve-banking. The ration of bank reserves to deposits is called the reserve-deposit ratio; in a fractional-reserve banking system, this ratio is less than 1.

"The portion of deposits not held as reserves can be lent out by the banks to earn interest. Banks will continue to make loans and accept deposits as long as the reserve-deposit-ratio exceeds its desired level. This process stops only when the actual and desired reserve-deposit ratios are equal. At that point, total bank deposits equal bank reserves divided by the desired reserve-deposit ratio, and the money supply equals the currency held by the public plus bank deposits."

Now I have been saying that with a 1/10 reserve requirement on loans (Bernanke's "reserve-deposit ratio") each bank can lend out 9/10s of each deposit it receives -- but the entire banking system after the process of successive deposits each 9/10ths the size of the last will gain on its consolidated balance sheet deposits (liabilities) of 10 times the initial deposit.

Suppose the banking system (or a country with only one bank) starts out with 100% required reserves.

The consolidated balance sheet at this point looks like this:

--------------------------------------------------------------------------------

Assets Liabilities

Currency 1,000,000 Deposits 1,000,000

---------------------------------------------------------------------------------

Then they switch to the fractional reserve system with a 1/10th fractional reserve ratio.

The first loan is made to the limit of 9/10ths of deposits. The balance sheet at this point becomes:

--------------------------------------------------------------------------------

Assets Liabilities

Currency (= reserves) 100,000 Deposits: 1,000,000

Loans: 900,000

--------------------------------------------------------------------------------

Now suppose that the people of the country always choose to transact with checks rather than cash, so when they spend their 900,000 which are all deposited in the banking system. The consolidated balance sheet of the banking system now looks like this:

--------------------------------------------------------------------------------

Assets Liabilities

Currency (= reserves) 1,000,000 Deposits: 1,900,000

Loans: 900,000

--------------------------------------------------------------------------------

Notice that the bank deposits and hence the nations money supply now equal 1,900,000 money units of which 900,000 is fresh excess reserves -- of which 9/10ths (=810,000) can be loaned. Notice that the system has 1,000,000 in assets, but the banks can't lend ten times that reserve all at once, they are constrained to lending onl 9/10s of their excess deposits in each round. So after the new round of loans and redeposits the consolidate balance sheet of the banking system will looks like this:

--------------------------------------------------------------------------------

Assets Liabilities

Currency (= reserves) 1,000,000 Deposits: 2,710,000

Loans: 1,710,000

--------------------------------------------------------------------------------

And so the rounds will continue -- successive loans each 9/10ths the size of the last -- until eventually the last loan leaves no more excess reserves. the process of money expansion will only end when reserves of the entire system equal 10 percent of bank deposits. Then we the consolidated balance sheet will look like this:

--------------------------------------------------------------------------------

Assets Liabilities

Currency (= reserves) 1,000,000 Deposits: 10,000,000

Loans: 9,000,000

--------------------------------------------------------------------------------

Thus after the money deposit multiplier has worked its way through the succession of loans and deposits with the 10 percent reserve ratio each dollar of the banking system can support 10 dollars worth of deposits -- but no bank can write a $10 loan on a $1 deposit. The entire banking system does what no single bank can do in a single set of transactions.

Think how counter to everything you see around you life would be if you could deposit a dollar bill in the bank and then get a checking account of $10 dollars from the bank for your trouble.

AM: Yes. But that is not what I am talking about.

DE2: But I thought that is what you were suspecting to be untrue!!! That is what I have been defending. Each bank has a legal obligation to hold reserves and the banks money position must be managed to met the requirement that reserves must be held against demand deposits and some time deposits. Only two assets can be used to fulfill these requirements and they are cash in the vault and deposits in the regional Federal Reserve Bank. The deposits with the Federal Reserve Bank do not earn interest.

The bank will be penalized if it does not meet its reserve requirement (not enough reserves on hand) and it will lose profit on loans if it holds excess reserves in excess of what is prudent as prudence is viewed by those managing the bank's money position. The bank's required reserves are computed on a daily average basis over a two-week period. The money manager has to hit a reserve target on the form of average daily deposits in the Fed to stay within the safe margin of required reserves minus the reserves in the vault. The averaging over two weeks gives the bank time to react, to adjust its position. The Fed permits a bank to run an excess or deficiency of as much as 2 percent of required reserves and to carry that excess over into the next reserve holding period.

The excess can be applied or the deficiency made up in the ext reserve holding period. To increase reserves the banks money desk manager can sell assets like treasury bills or borrow money in the federal funds market, via CD's or maybe from the Federal Reserve (at the discount rate which is the "interest rate" set by the Fed.) (Better to sell a Treasury bill than borrow from the Fed if the federal funds rate is higher than the yield on the T-bill.) The present system of reserve requirements is called the contemporaneous reserves system. This system has been in effect since 1984. Before that there was a system of lagged reserves in which banks knew what their reserve requirements were two full weeks before they had to hold the reserves. But the Fed did not want to give the member banks that much discretion. The present system allows only a two day gap between the creation of required reserves for demand deposits and the holding of these reserves by depositary institutions.

From David R. Kamerschen, Money and Banking 10th ed. (1992) p. 154:

Bank Reserves -- Required, Legal and Excess

As of December 1990, reserve requirements are set at 3 percent of the first $41.1 million in transaction accounts and 12 percent of the remainder. The FRS may, however, vary the requirement for amounts above $41.million from 8 to 14 percent. In addition, the reserve requirement on all non-personal time deposits is 0 percent with the FRS retaining the authority to very this requirement from 0 to 9 percent for implementing monetary policy. Finally, Euro currency [dollars overseas --de] liabilities of all types have a 0 percent reserve requirement [!!! --de], with the FRS retaining the authority to vary the requirements at the discretion of the Board of Governors. The FRS can also impose supplemental reserves for up to 180 days on up to 4 percent of transaction accounts. The supplemental reserve could later be extended for further periods not exceeding 180 days and would bear interest at the earning rate of the Fed portfolio during the previous calendar quarter.

To see the distinction between legal, required, and excess reserves, suppose that there is a reserve requirement of 12 percent of deposits. Therefore, a bank with deposits of $1 million is required to hold a minimum of $120,000 of reserves. Required reserves are the amount of reserves that a bank must hold, as determined by the amount of its deposits and the percentaqes that the law or the FRS specified must be held against the deposits.

Legal reserves are all assets the law permits in meeting reserve requirements: deposits with the FRS or vault cash, although nonmembers may maintain reserves on a pass-though basis with certain approved institutions. For example, if the previously mentioned bank, with required reserves of $120,000, is holding $175,000 of vault cash and has no deposits with the FRS, its legal reserves are $175,000. In short, required reserves are the minimum amount that a bank must hold (some percentage of its deposits), but legal reserves are the total amount of qualifying funds the bank actually holds.

It is unlikely that a bank's required reserves and legal reserves are exactly equal. Its legal reserves must, of course, be at least as much as its required reserves, and they are usually somewhat greater. The difference between legal reserves and required reserves are excess reserves. Thus:

EXCESS RESERVES = legal reserves minus REQUIRED RESERVES

As of November 1990, the aggregate reserves of all depository institutions totaled $59.78 billion, seasonally adjusted. Total required reserves were $58.81 billion, leaving excess reserves of $0.97 billion.

The purpose of the reserve requirement is to restrict the amount of money that depository institutions can create. Depository institutions create money by lending their excess reserves, and, given the reserve requirements, anything that changes the legal reserves necessarily changes the amount of excess reserves.

Excess reserves are the key to a bank's lending power. No matter how many billion dollars of deposits a bank may be liable for, and no matter how large its capital, it cannot lend a cent unless it has excess reserves. If a bank does have excess reserves, it may lend only approximately the amount of the excess, so that even if the entire proceeds of the new loan should shortly be withdrawn (decreasing legal reserves by the same amount), the bank still has the necessary minimum reserves required against its remaining deposits.

RESULT OF LENDING A MULTIPLE OF EXCESS RESERVES

Suppose a bank, subject to a minimum reserve requiement of 20 percent, is holding the following

("Reserves" refer to legal reserves such as vault cash or deposits with the FRB):

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 Deposits $2,000,000

Loans 1,600,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 Deposits $2,500,000

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,600,000 $2,600,000

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 0 Deposits $2,500,000

Loans 2,100,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

Disaster! Something would have to be done, and fast, to secure the $400,000 of reserves needed against the $2,000,000 of deposits. Perhaps by discounting $400,000 of its loans to other banks, the bank might raise the necessary cash. [note: The federal-funds market, operated through brokers and dealers,buys and sells claims against deposits at the FRS -- on a one-day renewable basis -- at rates which are usually at or below the Fed's discount rate. In essence, those depository institutions with excess reserves are lending funds to those with deficient reserves.]

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 4,000 Deposits $2,000,000

Loans 1,700,000 Capital 100,000

____________ _____________

$ 2,100,000 $2,100,000

Bankers know their business too well, however, to commit such a blunder. Every banker is aware that at least the major part of any newly created deposits is quickly withdrawn.

RESULTS OF LENDING ONLY EXCESS RESERVES

Now suppose the bank decides to lend only $100,000, the amount of the excess reserves when it is holding $500,000 as legal reserves against $2,000,000 of deposits. After lending $100,000 in the form of new deposits, its balance sheet shows the following:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 500,000 Deposits $2,100,000

Loans 1,700,000 Capital 100,000

____________ _____________

$ 2,200,000 $2,200,000

For the moment, the bank still has excess reserves. Against the $2,100,000 of deposits, reserves of $420,000 are required. The excess reserves of $80,000 are only temporary however. As the new deposits are spent, and along with reserves, gradually transferred to other banks, the bank's balance sheet is something like the following:

Assets Liabilities & Net Worth

------------------------------------------------------------------------------------------------

Reserves $ 450,000 Deposits $2,050,000
Loans 1,700,000 Capital 100,000

____________ _____________

$ 2,150,000 $2,150,000

Required reserves against $2,050,000 are $410,000; excess reserves are now only $40,000.

Even if every dollar of the newly created deposits were transferred to other banks, the first bank would not find itself with insufficient reserves, for its required reserves dropped as its deposits fell. The bank's balance sheet would finally show the following:

Assets Liabilities & Net Worth

----------------------------------------------------------------------------------------

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Its time to smell the flowers and not the scrolls By Arthur Cristian - Email Correspondence With Members Of Christian Common Law

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