4 votes

Dear Americans, A Useful Tip From Aunt Russia: Finding "Federal Reserve System" Too Long? Feel Free To Use "GOSBANK" For Short.

Gosbank, noun :

"Gosbank (Russian: Госбанк, Государственный банк СССР, Gosudarstvenny bank SSSR—the USSR State Bank) was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s until the year 1987. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" (the State Planning Committee) and "Gossnab" (the State Committee for Material Technical Supply). The Gosbank closely collaborated with the Ministry of Finance of the USSR to prepare the national state budget.

[...]

The Soviet state used Gosbank, primarily, as a tool to impose centralized control upon industry in general, using bank balances and transaction histories to monitor the activity of individual concerns and their compliance with Five-Year Plans and directives. Gosbank did not act as a commercial bank in regard to the profit motive. It acted, theoretically, as an instrument of government policy. Instead of independently and impartially assessing the creditworthiness of the borrower, Gosbank would provide loan funds to favored individuals, groups and industries as directed by the central government."

...

(emphasis mine on both the essence of the design intent AND the purposes)

...

Source :

http://en.wikipedia.org/wiki/Gosbank



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Gosbank was the center of the plundering during Soviet collapse

Gosbank was the center of the plundering during the Soviet collapse. One of its functions was to clear foreign transactions for the ministry of trade. That ministry was the ONLY one in the Soviet state in which its people got paid commissions for their work. The more trade, the bigger commissions.

But the fact that Gosbank dealt with the Bank for International Settlements and other major financial houses meant its people could take full advantage of the slow crumbling of the soviet state.

They were already mercilessly plundering the Soviet economy long before Gorbachev signed off on the Soviet death certificate. By 1995, they had committed the biggest theft in world history, effectivly moving the wealth of 200 million people out of Russia and into anonymous accounts -- in Cyprus.

Now isn't that interesting~

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Cyril's picture

"Now isn't that interesting." Indeed. Small world isn't it?

"Now isn't that interesting."

Indeed. Small world, isn't it?

Putin is an ex-KGB, btw. Maybe some of his acquaintances/friends who invested in Cyprus in the "good old times" aren't too happy with the consequences of what the other European bureauCRAPS losers have brought to their own banking system?

Boomerang effect?

Ahh... You gotta "love" how statists (imperialist flavor, please; no sugar, thanks) fool themselves and tear each other off in the long run, always :

http://en.wikipedia.org/wiki/Ancient_Rome

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Say what you will

But that system worked far better than current 'independent' central bank, that willfully sabotages national currency to help USD and Euro. Central bank should be nationalized at the very least.

Only as high as i reach can i grow
Only as far as i seek can i go
Only as deep as i look can i see
Only as much as i dream can i be

Cyril's picture

I beg to differ.

"Central bank should be nationalized at the very least."

Well, you (read: they) have it already. That's the case in a number of European countries. They have nationalized central banks, all reporting to the ECB, in the end (the mothership central bank).

See : http://en.wikipedia.org/wiki/European_System_of_Central_Banks

"Gosbank worked far better"? I beg to differ, here's my understanding :

Facts. Governments and European bureaucrats runs their central banks and the ECB. Much like the Soviets would, with their Gosbank, before their economic collapse.

In the U.S., that's the other way around, granted : turns out the central bank runs the government, instead.

But either way : you end up having entire peoples ruled, enslaved by a handful of planners and their fake fiat currencies, they hand out by the billions to buddy bankers, crony corporatism, and the very politicians who maintain them in place.

Banking, bankers, and usury have been around for milleniums. Those we see today aren't anywhere close to qualify as "bankers" any longer... they only pose as such, but they are collectivists in disguise. Either as insiders at the heart of governments (e.g., the U.S.) or boasting about their true nature (the E.U. or ex-Gosbank)

Unsurprisingly, the former have done the most harm because much more quiet, more patient, more stealth, inconspicuous*** : still destroying today the country which used to have the most unique potential for liberty and prosperity.

This is mankind put in the spreadsheets and equations of the modern tyrants and leeches. All sociopaths. Peoples seen as commodities, as resources. Misery itself managed:

http://www.fns.usda.gov/snap

... And wars decided accordingly. Every time the peoples claim their right to be sovereign again, threatening the plunder over life, the peoples' sweat and natural resources, the plunder that is scheduled in the planners' agendas.

Their fake "money" which has 100% probabilities to go to zero eventually (as history has shown, in all cases, just a matter of time) isn't even worth being used as toilet paper.

Peace.

*** http://en.wikipedia.org/wiki/Jekyll_Island#Planning_of_the_F...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I've noticed too many links to wikipedia

Which is the source that lacks credibility above anything.

I agree with general notion about stealh control. But factual data about the period (not cooked up by western propaganda and our dearly beloved liberasts, both of which we had a plenty for the last 20 or so years) suggests not entirely "the worst case scenario" you're describing. I'm personally against usury in general, but that's me. Anyway, I feel that we're not on equal terms on this issue, so instead of generalizing talking points I think we're better not dwell on it here. Because those willing to study the subject will be able to find perspective with enough of an open mind.

Also - If you wish to discuss this with me personally - write me a personal message. Good day.

Only as high as i reach can i grow
Only as far as i seek can i go
Only as deep as i look can i see
Only as much as i dream can i be

Cyril's picture

Proverbs 16:11

Don't know if you're religious, but just in case, everything I'm going to say comes down to Proverbs 16:11 which is a one liner, while I'm more verbose, here :

Well, I don't find usury moral either. But that's just my Christianity.

Should I have enough money to invest in creating something, a bank would probably not even appear on my list of options. Or I'd have to hurt my self-esteem and divorce my wife, another Christian, even less forgiving on that matter.

That said, it's bankers' problem to have an immoral job. NOT MINE.

But I don't confuse bankers and usury who HAVE been around for milleniums, with those "creatures" in white collars we have today, EVEN MORE DISGUSTING, inspired by Babeuf, Robespierre, Proudhon, Marx, you name them. It's just they DO NOT LOOK LIKE SO.

Still, changes nothing about THEIR TRUE NATURE.

I KNOW DAMN WELL what collectivism, socialism, and plunder BY THE STATISTS looks like.

Here's the P.O.S elected as "my president" - I/they can thank democracy and tyranny of the 51% against the 49% :

http://www.telegraph.co.uk/news/worldnews/francois-hollande/...

Destroying MONEY AND LANGUAGE, before moral values, are the first milestones in THE PLANS of the collectivists LEECHES to create misery and then propose big state, centralization, big government, and an overwhelming VOLUME of laws to "manage" the very problems they create by denying people's freedoms, responsibilities, and self-reliance.

They want to RULE, PLAN, MANAGE over people - because they cannot create... S H I T.

They can only STEAL, PLUNDER.

Sorry my sources disappoint you. I like Wikipedia : it's written by various people who at least can dispute each others' edits. Maybe you prefer Academia and "experts"?

Watch out for that dude named Paul Krugman, then :

http://www.dailypaul.com/273083/peter-schiff-responds-to-pau...

On fiat money, since you ask for facts, maybe more visual and useful to get my points ?

http://dotxml.brinkster.net/2012/Misc/G4_Charts.pdf

I fail to see any soundness in these charts : DO YOU ?

Do you think that I believe I had if only a bit of "money" on my checking account even when the balance was in the ten thousands USD ?

You get two chances to guess for yourself about the answer I might give you :

http://youtu.be/dv7H7iiyBsw

And better yet :

http://youtu.be/NZO9Io3PSmk

(Already a classic for those who don't get everything from the TV ... but also consider the people and reality around them.)

Central banks and fiat money are PURELY FRAUDULENT COLLECTIVIST TOOLINGS to facilitate the rest of the planners' ideas FOR LARGE SCALE PLUNDER.

Just LIKE THE POLICE STATE to "protect" the people. Yeah, right. Or Perverted Laws. Other examples of tools they have in their arsenal.

Central banking and fiat money are INDEFENSIBLE. As History has PROVEN us.

Period. No way either can ever work, no matter the form, and that's all I was trying to say in that post and its wink.

Cheers,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius