97% of All Money is Created out of THIN AIR as Loans by the Private Banks‏ - Page 2

Accountable · 02-05-2008, 06:18 PM

Quote:

Originally Posted by Bridget

Thanks accountable for your answer. Am glad the gold is still there. Does Texas vote today? We in Illinois do. It is pouring down rain here. I mentioned to my husband that we always have really rotten weather on election day. Is the 'gods'
trying to tell us something?

We vote March 4th

Quote:

Originally Posted by rjwould

What are we basing it on then?

Hopes and dreams, butterflies and lollipops? Not really sure unless its faith-based like the stock market.

Quote:

Originally Posted by Galbally

I know economics can seem baffling a lot of the time, thats because it is baffling a lot of the time.

Thank you for the quote o' day, Gal.

TonyZ · 02-09-2008, 07:14 AM

A reply to Bryn Mawr's classic economics textbook response (that ignores the role of the financial sector as so many economists do). He thinks "Just because I haven't heard of it, it can't be true" (to my thread starting post). Vested interests rely on people's ignorance which is WIDESPREAD of how the money system really works and Mawr's response characterises this I'm afraid.

I would say to his (& some of other others sceptics responses): "That'd be nice wouldn't it. Money is just a medium of exchange. Once it was gold and silver, then paper and now entries in a ledger. Credit IS money.

Banks create credit. Create money, and they do it at the point a loan is taken out. It didn't exist before the loan agreement was signed and appears in a bank account after it has been signed. The credit, the money, has been created. From nothing, by the bank.

Banks create money, from nothing".

Everything I said in my heading post is absolutely true. PLEASE research the sources I have quoted before kneejerk responding- ("You never know what he says might be true! If I really bothered to check it and not just knee jerk my old conditioning & beliefs!" probably instilled by vested interests and corporate media and perhaps parents- all over decades).

I came across a good quote the other day which seems relevant- "Unfortunately the human mind finds it easier to believe a lie its heard a hundred times than it does a truth it's hearing for the first time!"

Here are some quotes which may interest Mawr and some of the other sceptics ("if I haven't heard of it it can't be true" merchants):

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison

“The national debt is founding in fraud perpetrated on the United States by the international banking interests. The best solution to national debt and social security is for the United States to stop allowing a corporation to print money and charge us interest to do it. The Federal Reserve should be abolished as a starting place to liberate the United States from false dependencies.” – Andrew Jackson

“The Government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By the adoption of these principles.. the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” – Abraham Lincoln

“The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.” – Abraham Lincoln

"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." --President Woodrow Wilson

Please also have a look at the following article from a respected intellectual website:"The case for Monetary Reform" Please Google "ProsperityUK" and read the article "The Case for Monetary Reform" on that website. I promise that for many it'll be a revelation!

Thanks and also thanks for a useful website.

Bryn Mawr · 02-10-2008, 03:57 PM

Quote:

Originally Posted by TonyZ

A reply to Bryn Mawr's classic economics textbook response (that ignores the role of the financial sector as so many economists do). He thinks "Just because I haven't heard of it, it can't be true" (to my thread starting post). Vested interests rely on people's ignorance which is WIDESPREAD of how the money system really works and Mawr's response characterises this I'm afraid.

I would say to his (& some of other others sceptics responses): "That'd be nice wouldn't it. Money is just a medium of exchange. Once it was gold and silver, then paper and now entries in a ledger. Credit IS money.

<Big Snip>

Sorry - I just work in the industry and see the control and regulation that goes on.

You need some evidence to back up your claims.

02-09-2008, 07:14 AM	#12 (permalink)
TonyZ Junior Member Join Date: Feb 2008 Posts: 3	Re: 97% of All Money is Created out of THIN AIR as Loans by the Private Banks‏ A reply to Bryn Mawr's classic economics textbook response (that ignores the role of the financial sector as so many economists do). He thinks "Just because I haven't heard of it, it can't be true" (to my thread starting post). Vested interests rely on people's ignorance which is WIDESPREAD of how the money system really works and Mawr's response characterises this I'm afraid. I would say to his (& some of other others sceptics responses): "That'd be nice wouldn't it. Money is just a medium of exchange. Once it was gold and silver, then paper and now entries in a ledger. Credit IS money. Banks create credit. Create money, and they do it at the point a loan is taken out. It didn't exist before the loan agreement was signed and appears in a bank account after it has been signed. The credit, the money, has been created. From nothing, by the bank. Banks create money, from nothing". Everything I said in my heading post is absolutely true. PLEASE research the sources I have quoted before kneejerk responding- ("You never know what he says might be true! If I really bothered to check it and not just knee jerk my old conditioning & beliefs!" probably instilled by vested interests and corporate media and perhaps parents- all over decades). I came across a good quote the other day which seems relevant- "Unfortunately the human mind finds it easier to believe a lie its heard a hundred times than it does a truth it's hearing for the first time!" Here are some quotes which may interest Mawr and some of the other sceptics ("if I haven't heard of it it can't be true" merchants): "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison “The national debt is founding in fraud perpetrated on the United States by the international banking interests. The best solution to national debt and social security is for the United States to stop allowing a corporation to print money and charge us interest to do it. The Federal Reserve should be abolished as a starting place to liberate the United States from false dependencies.” – Andrew Jackson “The Government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By the adoption of these principles.. the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” – Abraham Lincoln “The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.” – Abraham Lincoln "A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." --President Woodrow Wilson Please also have a look at the following article from a respected intellectual website:"The case for Monetary Reform" Please Google "ProsperityUK" and read the article "The Case for Monetary Reform" on that website. I promise that for many it'll be a revelation! Thanks and also thanks for a useful website.
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