Dietrich and Mishko, 10/3/2008

October 4, 2008

Dietrich and Mishko deconstruct the “bailout” scam and expose other NWO lies and how they affect the future of the white folk.


24 Responses to “Dietrich and Mishko, 10/3/2008”

  1. Andrew on October 4th, 2008 10:07 am


    Great show as usual.

    The way I see it, America has reached peak jew:

    The Iraq War
    The Afghan War
    The Federal Reserve Scam
    The jew Oil Speculators
    The Media
    The economic collapse
    Jew-led immigration policies
    Jew-led integration policies
    Holocaust allegers scientifically disproved

    In addition to the ADL report of jewish awareness of the Federal Reserve scam which you guys talked about, the ADL took out a global public relations ad in the New York Times to promote war with Iran.

    Big Jews’ PDF :

  2. Gibson on October 4th, 2008 11:28 am

    Good show chaps.

    Here’s my understanding of Fractional Reserve Banking:

    When a depositor puts $100 in their bank account, the bank can lend up to $80 of it to a borrower, and has to keep the other $20 in the vault. That $20 is the Fraction that must be kept in Reserve. Hence,

    Total lending to borrowers
    + total cash in the vault
    = total deposits

    The bank cannot create money from no-where; they have to get it from depositors.

    The Federal Reserve *does* create money from no-where, but that’s nothing to do with Fractional Reserve Banking.

    The alternative to Fractional Reserve Banking is *Full* Reserve Banking, where the bank takes the depositor’s money and keeps it all in the vault. This is only done in Islamic countries.

  3. Mishko Novosel on October 4th, 2008 12:12 pm

    Gibson, you are absolutely correct in your explanation, and I definitely appreciate you guys and gals keeping us honest, because that’s one thing that’s very important to us, and that’s the truth. However the movie, It’s a Wonderful Life is an example of exactly what Fractional Res Banking is. What I was trying to explain with regards to making money out of thin air is that the banks take YOUR money and lend it to YOUR friends and then THEY are the ones that make the profits on interest.

    BTW – Here’s an interesting comment from Ben Shalom Bernanke

    “Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
    -Ben S. Bernanke, 2002-Nov-8, at a celebration of Milton Friedman’s ninetieth birthday

    He’s sorry and says he won’t do it again, and where are we today?

  4. Z.O.G. on October 4th, 2008 5:58 pm


    Actually, Gibson is absolutely WRONG in his explanation. That’s not how fractional reserve banking works. Banks do NOT lend out depositors’ money. As a matter of fact, it is ILLEGAL for banks to lend out depositors’ money. They would be in a lot of trouble if they did that.

    When a bank makes a loan, it creates the money for the loan out of thin air. The money did not exist anywhere in the universe before the bank created it. This is how money is created. Money is “lent” into existence by commercial banks. 98% of our money supply is created in this way, by commercial banks. Only about 2% of the money supply is created by the Federal Reserve Bank of New York.

    If a bank has $10 in deposits, it can lend $100, assuming a 10% reserve requirement. The bank can make loans in the amount of ten times what is has on deposit from customers. The bank creates the $100 in loans out of nothing, through its government granted legal power to create credit money. This is how fractional reserve banking works.

  5. katman on October 4th, 2008 6:08 pm

    if people quit borrowing, the whole system would collapse

    which by the way, is what is happening now not by desire

    but because banks do not trust each other

    then this attitude spreads until it reaches main street and then 30 day money becomes more expensive to small companies who depend on this short term credit to run their businesses….

    the entire system is a big jewish lie
    they knew full well what would happen
    i am not sure if they can control it anymore
    maybe it is out of control now
    because when push comes to shove,
    there is no honor among thieves and its every man for himself
    as is happening now.


    guess who gets the pipe in the shorts because of all of this?

    and another thing

    things that are not important will not be bought
    that leaves out most of what china ships over here

    the scene of the fat american , smoking his cigar, living in his mcmansion, riding around in his golf cart, playing golf , eating barbeque, drinking to excess, and all manner of unnecessary things , will become a thing of the past

    so many , have thought that they were free men, who could work all their working years, then retire, and live off of their retirement funds.

    this too is a thing of the past
    and as time goes by in the next few weeks, (yes weeks) most of these morons will see this and become shall we say
    a bit upset about it……..

    i have warned them for years but they would not listen to me
    they laughed and called me crazy
    they said this will not happen
    this is america the land of the free and the home of the brave
    so it was during most of my life
    the 80′s and the 90′s , all bubble years , really

    now its time to pay up to our jewish masters
    and lay down for them
    and kiss their boots

    isn’t it?

  6. Z.O.G. on October 4th, 2008 6:11 pm

    Most patriots and WN’s are under the impression that the Federal Reserve Bank of New York creates our money supply, but this is completely false.

    98% of our money supply is created by the 8,500 commercial banks located throughout every town and city in the United States. This is where money comes from. This is where money has ALWAYS come from. Commercial banks “lend” money into existence. They create it out of nothing. They have a government granted monopoly legal right to create credit and “money” out of thin air.

    Banks create money out of thin air through a legal mechanism called “monetization”. When you sign a promissory note for a house mortgage, a car loan, a credit card account, or any type of loan, the bank, through its government granted legal power, converts your signed promissory note(promise to pay) into credit money, which it then “lends” back to you at interest.

    It works like this: A promissory note is a “negotiable instrument”. This means that a promissory note is basically money. The bank deposits your promissory note in its account at its respective Federal Reserve Bank. This promissory note deposit then becomes the source of the “funds” that the bank “lends” to you. So what the bank is actually doing is lending you your own credit back to you…at interest! This process is called “monetization of debt”, or simply “monetization”. The bank has converted your promise to pay into “money”. It’s a very devious sleight of hand trick. This is how banks create money.

    Neat, huh?

  7. Mishko Novosel on October 4th, 2008 6:16 pm

    ZOG, they actually DO lend out the money of the depositors. That’s why you earn interest on your checking and savings accounts. However it’s very evident that the water is very muddy these days.

    The fact that banks are required to keep on hand only a fraction of the funds deposited with them is a function of the banking business. Banks borrow funds from their depositors (those with savings) and in turn lend those funds to the banks’ borrowers (those in need of funds). Banks make money by charging borrowers more for a loan (a higher percentage interest rate) than is paid to depositors for use of their money. If banks did not lend out their available funds after meeting their reserve requirements, depositors might have to pay banks to provide safekeeping services for their money. Referred to as the fractional reserve system, it permits the banking system to “create” money.

    A demand deposit at a bank (e.g. checking account) or banknote issued by a bank (bank-issued paper money) is essentially a loan to the bank, repayable on demand, which the bank uses to finance its investments in loans and interest bearing securities. The nature of fractional-reserve banking is that there is only a fraction of cash reserves available at the bank needed to repay all of the demand deposits and banknotes issued. The reason people deposit funds at a bank or hold banknotes issued by a bank is to store savings in the form of a demand claim on the bank. One important aspect of fractional-reserve banking is that the note holders and depositors still have a claim to repayment of their funds on demand even though the funds are already largely invested by the bank in interest bearing loans and securities.

    For instance, you could ask to withdraw all the money in your checking account at any time. If all the depositors of a bank did that at the same time (a bank run), the bank could be in trouble, though this rarely happens. The Northern Rock crisis of 2007 in the United Kingdom is an example of such an event.

    I wonder what it would take to create our own bank, the Bank of Whitelandia?

  8. K-Sensor on October 4th, 2008 6:18 pm

    katman “but because banks do not trust each other”

    Can I elaborate, I’d say they are struggling to survive, rather then it’s a trust issue. They are contending to whom will remain after the storm. They’re not willing to hand someone their pass-through.

    It would be easy for the Reserve to release more money to make up for all the cash locked up in housing and then burnt he money once it returns through the system, but that’s not the problem, the issue is the debt is overseas, in nations like China and other 3rd World Nations. There’s no way to repay that debt due to Americans not knowing how to stop buying and funding foreigners. The direction from here is all down, unless proper Americans purge the Government and remove foreigners who are aligned to other homelands.

  9. katman on October 4th, 2008 6:27 pm

    yeh k, but how much does the FED now have that they can lend?

    they have just about burned through their entire balance sheet. of course it has been said that their balance sheet is infinite but , one must at least play pretend…..

    the 900B was for the chinese , mainly who told paulson either he pays them or else they quit buying our treasury bonds…….
    but this does nothing. it is like a black hole in space that sucks all matter around it , into itself… takes more and more money created to try and keep the deflationary collapse from happening, which it is anyway…

    and so now we see them saying…….well we need a 50 basis points FED rate cut……….but wait a minute, they were saying before the bailout plan was passed that they needed this bailout or else. now they say they need more…..

    the ones who voted for this are known. frankly they are all traitors…..all of them……….

    its 1929 all over again, only worse and we who are alive shall witness things no human being has ever witnessed. the complete and total meltdown of the world financial system……..

  10. katman on October 4th, 2008 6:52 pm

    I wonder what it would take to create our own bank, the Bank of Whitelandia?<<<

    of course you can mishko but then you will be arrested by the goon squad…..

    the things that are now happening at a very rapid pace, I thought would happen last year but didn’t. I have learned , never underestimate the power and the cleverness of the jewish banker……

  11. Z.O.G. on October 4th, 2008 6:57 pm

    No, Mishko, you are quite wrong about this. You are confused. Banks do NOT lend out customer deposits to people and businesses. In fact, it is ILLEGAL for commercial banks to do this. You are confusing investment banks with commercial banks. Investment banks do what you are describing, i.e. they pool together money from various investors and institutions and then lend it out or invest it in other businesses. This is quite different from what commercial banks do. Commercial banks create out of thin air the money that they lend out to individuals and businesses. They do NOT obtain this money from somewhere else. The money that commercial banks lend out did not exist anywhere in the universe before they “loaned” it into existence.

    There are several official Federal Reserve publications that prove exactly what I am saying. I can copy and paste the quotations for you if you are interested.

  12. Z.O.G. on October 4th, 2008 7:09 pm

    From The Horses Mouth:
    The Federal Reserve on Monetizing Your Promissory Note

    – Federal Reserve Bank of Chicago

    The actual process of money creation takes place primarily in banks. As noted earlier, checkable liabilities of
    banks are money. These liabilities are customers’ accounts. They increase when customers deposit currency
    and checks and when the proceeds of loans made by the banks are credited to borrowers’ accounts.

    In the absence of legal reserve requirements, banks can build up deposits by increasing loans and investments so long as they keep enough currency on hand to redeem whatever amounts the holders of deposits want to convert into currency. This unique attribute of the banking business was discovered many
    centuries ago.

    Then, bankers discovered that they could make loans merely by giving their promises to pay, or bank notes, to borrowers. In this way, banks began to create money. More notes could be issued than the gold and coin on hand because only a portion of the notes outstanding would be presented for payment at any one time. Enough metallic money had to be kept on hand, of course, to redeem whatever volume of notes was presented for payment.

    Transaction deposits are the modern counterpart of bank notes. It was a small step from printing notes to making book entries crediting deposits of borrowers, which the borrowers in turn could ‘spend’ by writing
    checks, thereby ‘printing’ their own money. – page 3

    If business is active, the banks with excess reserves probably will have opportunities to loan the $9,000.


    Of course, they do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transaction accounts. Loans (assets) and deposits (liabilities) both rise by $9,000. Reserves are unchanged by the loan transactions. But the deposit credits constitute new
    additions to the total deposits of the banking system. – page 6

  13. Wolf on October 4th, 2008 7:13 pm

    “Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed.”

  14. Z.O.G. on October 4th, 2008 7:14 pm

    I BET YOU THOUGHT… – Federal Reserve Bank of New York

    “Banks create money by monetizing debt.” For example, if the Fractional Reserve is 10%, a bank that has on deposit $1 million (10% of $10 million) can loan an additional $9 million, money the banks don’t actually have- they’ve created money!

    Checkbook money is ‘created’ by currency deposits. Commercial banks create checkbook money whenever
    they grant a loan, simply by adding new deposit dollars to accounts on their books in exchange for a borrower’s IOU.

    Money creation bookkeeping isn’t gimmickry.(YES IT IS) Far from it. Banks are creating money based on a borrower’s
    promise to repay (the IOU), which, in turn, is often secured or backed by valuable items the borrower owns (collateral).

    Banks create money by ‘monetizing’ the private debts of business, individuals and governments. That is, they create amounts of money against the value of those IOU’s – page 27

  15. Z.O.G. on October 4th, 2008 7:15 pm

    MONEY,BANKING & MONETARY POLICY– Federal Reserve Bank of Dallas

    It may not seem to make much sense, but banks actually ‘create’ money when they lend it.- page 9

    Banks actually create money when they lend it. Because the loan becomes a new deposit, just like a paycheck does… – page 11

  16. Z.O.G. on October 4th, 2008 7:18 pm

    TWO FACES OF DEBT – Federal Reserve Bank of Chicago

    Debt provides a money creation function. It also provides a means of creating entirely new funds – funds needed to finance the greater volume of new projects and spending that contribute to economic growth.

    New money has been brought into existence by expansion of depository institution credit. – page 18 & 19

  17. Z.O.G. on October 4th, 2008 7:20 pm

    POINTS OF INTEREST – Federal Reserve Bank of Chicago

    Banks create deposits by making loans. Rather than handing cash to borrowers, banks simply increase
    balances in borrowers’ checking accounts. Borrows can then draw checks to pay for goods and services. This creation of checking accounts through loans is just as much a deposit as one we might make by pushing a ten-dollar bill through the teller’s window.

    With all of the nation’s banks able to increase the supply of credit in this fashion, credit could conceivably expand without limit. – page 7

  18. katman on October 4th, 2008 7:43 pm

    With all of the nation’s banks able to increase the supply of credit in this fashion, credit could conceivably expand without limit. – page 7<<<<

    true, but then if everyone when down to the bank and wanted their money out at the same time, there would be a very big problem because they don’t have it. that is one reason why they quit publishing M3 figures.

    if the sheep ever lose faith in the financial system their little scheme is over…..

  19. Gibson on October 5th, 2008 7:24 am

    So, bank deposits are used to fund loans, as confirmed by Mishko (who is clearly much more knowledgable than I am).

    Loans can be thought of as creating deposits, because when the borrower gets their money they spend it with a vendor (to buy a car, house, whatever), and the vendor deposits the money in their bank account.

    So deposits create loans and loans create deposits. This process could go on forever, but it’s limited by the reserve requirement which means that only 80% (depending on the current requirement) of deposits can be used to create loans. It would also be limited by other factors which effectively take the money out of the banking sytem. For example, if money is used to buy something from China, or if it’s used to buy gold or silver, or if it goes into long term investment (which takes it out of M1/M2 and into M3).

    Even with these restrictions, it’s clear that a small extra amount of money in the system can create a lot of extra economic activity. This is how Fractional Reserve Banking is said to ‘create money’. There’s a much better explanation here

  20. Scott on October 5th, 2008 3:38 pm

    It’s nothing you don’t already know but it needs to be emphasized…the reason that there is so much talk about the “Jews” on the internet is because of the fact that they control the press and suppress the info that we have all deserved to know for years. Hence why they are going after the internet. They were probably never expecting this and now they are becoming very concerned, if not alarmed. I expect it won’t be long before they try to rush through ‘hate speech laws’ through the zionist controlled and obviously compromised degenerates in Congress.

  21. Z.O.G. on October 5th, 2008 8:04 pm


    No, deposits do NOT create loans. I think you need to go back and read the quotations that I copied and pasted from several official Federal Reserve publications, because obviously you didn’t get it the first time.

    When banks make loans to individuals and businesses, the banks do NOT obtain this money from depositors or from anywhere else. The banks create the money for the loan out of nothing, out of thin air. About 98% of all the money circulating in our economy is created in this way, by the commercial banks. Commercial banks create our money supply.

  22. Rabbi Lipsitz on October 8th, 2008 9:56 am
  23. katman on October 8th, 2008 9:57 pm

    “The Jewish people as a whole will be its own Messiah. It will attain world domination by the dissolution of other races…and by the establishment of a world republic in which everywhere the Jews will exercise the privilege of citizenship. In this New World Order the Children of Israel…will furnish all the leaders without encountering opposition…” (Karl Marx in a letter to Baruch Levy, quoted in Review de Paris, June 1, 1928, p. 574)

  24. katman on October 8th, 2008 10:05 pm

    albert einstein , plagiarist