Money As Debt 1: what money is & why we are bankers’ slaves
What is money? How is it created? outsidethebluepillcave.blogspot.com Summary of 9/11 scepticism: outsidethebluepillcave.blogspot.com #1 For a full list of doubters: patriotsquestion911.com Military leaders questioning the OCT: georgewashington.blogspot.com CIA veterans doubting: www.opednews.com Engineers & architects doubting: www.ae911truth.org Physicists doubting: physics911.net Pilots doubting: www.pilotsfor911truth.org High-level officials doubting: 911proof.com In arecent Zogby International poll (September 06, 2007): 51% of Americans want Congress to probe Bush/Cheney regarding 9/11 attacks; over 30% seek immediate impeachment; 67% fault 9/11 Commission for not investigating anomalous collapse of World Trade Center 7 911truth.org Protest in Brussels for 911 Truth (09 Sep 2007): www.youtube.com #2 But surely this could not have happened, I mean, governments would not actually resort to terror attacks to advance their interests. Would they? Unfortunately, yes they would. Actually, they have a history of doing so. Operation Ajax: From the archives of the New York Times, the British and US involvement in overthrowing Mossadegh in Iran: www.nytimes.com Operation Northwoods: Operation Northwoods was a 1962 plan by the US Department of Defense to enact acts of terrorism and violence on US soil or against US interests, blamed on Cuba, in order to generate US public support for military action against the Cuban government of Fidel Castro. en.wikipedia.org Operation Gladio …
Video Rating: 4 / 5
Quick and easy way to purchase silver: silversnowball.com Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
“Free market” is ROOT of all problems and impossible
1. how do you eliminate inherent corruption of the profit motive?
2. how do you ensures that everyone has the minimum necessities?
ANSWER
1. FREELY Share ALL resources and knowledge worldwide, NO more money/property
2. Use LATEST technology to create an ABUNDANCE of all our needs, NO more scarcity, waste or theft
3. Automate/localize ALL production and distribution, NO more wage slavery or central control
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Do not do business with the NY banks. Do business with your local credit union. Get your credit card through the credit union or some small bank. Do not live in debt slavery. Buy or build a cheap house you can pay off quick or not owe on. If you can’t save up the money for a purchase, then how can you pay back more in the form of a loan? Think people think. TRue, True
to sign a contract with a bank is the same as sell your soul to the Devil…!
I wonder why they don’t teach this stuff in schools?
The problem is explained, the system is designed to eventually fail.
The problem is our ignorance our failure to demand that our so called leaders (owners) fix it. If they won’t the must be replaced.
“Let Them Eat Cake!”
@digitised There is no point to continue this conversation if you won’t admit your error here. Deflation is a drop in prices of goods and services. This means that the purchasing power of the currency has increased, (the currency buys more). This is a fact. Your description of deflation is actually the definition of inflation. I don’t claim to know it all, but I know when I am right.
@digitised “More money leads to deflation of the currency” I hope you simply made a typo here. More money and easy credit via artificially low interest rates, leads to price inflation. Note: the housing bubble, easy credit thanks to the Fed, led to inflated real estate prices.
@digitised Consider this story (if you never heard it) about gold. An ounce of Gold at the time of the Roman empire would buy a fine toga, sandals and a sash.
At the end of the American Revolutionary War an ounce of Gold would buy a good tailored suit, a pair of shoes and a belt.
At the end of the Second World War, the same.
Nowadays, well after the end of the Cold War, an ounce of Gold will buy the same goods.
@digitised To say that the cost of living increases over time only confuses people. Those things which sustain life don’t become “more expensive” or “more valuable”, but we are required to purchase those things with more units of currency, because our currency has been devalued. Prices don’t go up; fiat currencies just become more worthless due to the policies of central banking and the countries which collaborate with them.
@digitised There are several variables to consider in your example, where the TV was made, how much was the worker paid to make it, the classic law of supply and demand, etc….The only useful example is “cost of living”. Can I sustain the same standard of living now on the same wages I earned 20 years ago? No. I won’t argue that some items become cheaper over time, but overall the cost of living increases.
@digitised The Fed is self serving because its policies are directed at benefiting the interests of the entire U.S. banking system and not the people. This video explains the fact quite well, that in any country which has a central bank, that only ONE BANK actually exists. This makes sense since it is the central bank that sets interest rates. I am for ending the central bank model completely, any thing less would be a disaster. If the government ran the Fed we would be in even worse shape.
@digitised I have read and I understand the difference between price inflation and credit inflation. I understand the dangers of central banking and the power of central banks to control interest rates independently of free market forces. I am not out of my depth and the arguments I have made thus far can be backed up with reason and logic. Am I an expert? No. Do I need to be? No. I believe that the Fed is unconstitutional Just as Andrew Jackson said of the central bank which he ended.
@digitised Oh and the useful purchasing power would likely increase, not that purchasing power should ever remain fixed (!). Prices fluctuate all the time, usually they decrease for luxury and necessary goods.
E.g a pretty awful 20″ TV 20 years ago cost about £500 in the uk, (when my mum earnt £2.50/hr), now a good 32″ LCD costs £500 where min wage is £5.85/hr.
If you calculated the real wage and real price, you’d see an increase in purchasing power due to technological innovation.
@thinkertank1 But you dont have to worry about your savings.. your money goes into a bank account where its immune from inflation (because inflation is always lower than the interest rate paid into savings accounts). And to top it off, if your bank cant stump up your money, the FED quietly gives it to your bank… to give to you.
This is why the system is fine, your money GROWS over time. Inflation targets are about 2%Pa, whereas savings accounts pay at least that if not 3-5% above even today.
@digitised If we had a stable currency which could not be devalued, we wouldn’t need to worry as much about investing our money or worry about our life savings being wiped out. You quite litterally could just save your money in a safe, and 30 or 40 years from now it would still have the same purchasing power as now. Under the current system it would be insane to do that. Because of the Fed’s inflationary policies, we basically have no choice but to put our savings at risk. This is some lifeline.
@thinkertank1 The fed is independent, because it needs privacy to handle sensitive problems. Dont you understand that if governments or the public were involved that people would abuse information to gamble, invest, cheat and sink companies?
There are very strict rules in the financial system, it is also the backbone of the US economy so if it needs help it needs it confidentiality.
The fed does not keep any profit, so how is it self serving?
@thinkertank1 When i asked you before to go and read a little more, this is why.
You clearly dont have a clue about interest rates or inflation. You seem to think you do, but really YOU DONT. Im not explaining it here, theres plenty of books and even websites which can explain it.
Im not being rude, or mean, its just you are out of your depth and im actually a little embarrassed for you so take my advice and go and read before you come back with more questions about this.
@thinkertank1 We are not facing a collapse half as bad as what most people make it out to be. Yes there is a huge shortfall because some big banks decided to act like idiots with CDO’s. So you have 2 options, let the banks collapse and millions of people lose their savings, jobs and futures…or the system patches the hole temporarily and everyone pulls together and pays a fraction of the bill.
You have basically have 2 dishes on the menu, and both are dog s**t.
@thinkertank1 Both can be devalued or inflated.
We can find more gold in the ground, trade more gold with other countries for their resources, use more gold in electronics and jewellery etc This will make gold stocks fluctuate and affect its price.
Also paper money is still tied with value because its linked to the quantity of currency in circulation. Have you not heard of Fishers equation MV=PT?
I mean seriously its mathematical proof that the quantity of money is directly linked with prices.
@digitised I’m not blundering, I just figured you must be ignorant of that fact since you are so willing to defend an institution which admits that it caused millions upon millions of people to suffer. These people laugh at us and you want more of it. This new financial reform bill has given even more powers to the Fed and I suppose you have hope now that all will be well. The Fed always acts in the interest of the Fed and not the people.
@digitised All businesses in a free market run risks, but there is no free market in the banking industry. The Fed controls all banks in the U.S. via the setting of interest rates. If there was a true free market in banking, banks would compete for depositors and would offer interest rates which reflected economic realities. But as it stands now, people are discouraged to save money due to low interest rates and inflation. Thank you Federal Reserve.
@digitised Truths are truths and they don’t change with time, Is paper currency which is backed by nothing, easier to inflate (devalue), than a currency which is backed by gold, silver, or some other commidity? Yes. The answer is the same now as it was then. It is a Truth. Your vague examples of “advancement in economics” etc.. are ludicrous. Why are we facing a collapse worse than the great depression if we have made such advancements in economics?
@thinkertank1 Jefferson lived in different times to us, you need to understand the context of what he was writing about. You cannot compare those times and conditions to how we live now. We have made great advances in economics government, communication and more significantly…globalisation.
Banks cannot deflate/inflate the currency of the land for their own benefit without effecting the value of exchange with other currencies and the purchasing power of goods in overseas markets.
@digitised “you wont eradicate the problem of disproportionate paper to gold” If there was more paper than Gold, that would still be better than only paper with nothing to back it. Go read what Thomas Jefferson had to say on these matters, He knew that silver or gold were the safest forms of currencies for the people, in the sense that the government could not devalue the peoples money. Thousands of years of history prove his point. And of course I don’t think any system is perfect.
@thinkertank1 Okay im going to ask you to seriously spend some time reading up on macroeconomics. You are honestly blundering through most of this making quite outrageous errors that would make even a 1st year econ student feel awkward.
“In fact Bernanke even admitted that it was the FED which caused the depression.”
Just to let you in on a little secret…(thats been academic and public knowledge for 50 years!..shhh). Freidman and Hayek were writing about that before man walked on the moon.
Oh no a dollar’s value is completely arbitrary. Unlike before a dollar’s value equated to some metal dug out of the ground which said metal’s value is completely arbitrary. News flash currency is completely arbitrary. Most of the interest paid on a loan is money for nothing, and the monetary value of our work will never be received in full. But it fucked up system sure beats working long hours in a field or stalking prey for days.
@ukkfayooyay That’s not true. Paper money stimulates booms and busts not innovation. Much of our current innovation is due to the fact that productivity and insight compounds, not because of a printing press. In fact it would have been a good thing if the global economy didn’t expand to the structure that it has now, because it is now collapsing. The constant expansion of credit has created malinvestments and an unsustainable economic structure.
9 to 1 ratio is nice but it changes right? it’s not always 9 to 1.
@ThorlikeSmash
*of real value
Let me get this straight. It costs us money to use money. When we use money we have to pay interest for the convenience of paper money as compared to using gold or other items or real value?
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@Clintouminou17 why? what you mean by that?
@hcvang, that’s why you need to prepare for the collapse and then realize that it’s being done to us ON PURPOSE for CONTROL by the banksters. Please watch the Money Masters and The Secret of Oz which gives us SOLUTIONS. We don’t have to be conned and deceived by the International Banksters or Illuminati as these idiots like to call themselves. The whole point to this is to bring us into what they call The New World Order controlled by who?…The BANKSTERS!…surprise, surprise.
Interesting! Gee,, sounds like,, $=debt. I have another one,,, Family = Enemy!
@ukkfayooyay you go talk about the “general standard of living” in most of the countries where banks are the most profitable bussiness yet people are starving.
@PanekPL good your are playing into the game of the Elites buddy, divide and conquer
@RicoRichmond The Rockefellers
@jihadulnafs Opressive, racist, sexist, and stupid isn’t a good system that goes for all religion, religion is a joke and a flaw of the human mind your trust in it is the reasons why their are problems in the world your belief in god is why people suffer and other people think their good because they give to the poor sometimes follow the rules and don’t ask questions. The problem is the submissive nature of humans to leaders “allah” is a joke and a lie to keep you idiots in line.
@GuntherL1 stfu
@jihadulnafs Allah also told me that it is forbidden to annoy people with your religious beliefs.
HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ….AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US
This video is great but it ignores leakage. The fact that loaned money may, and certainly does wind up in the hands of people in other countries, for example CHINA.
This money may be deposited but it would be in a Chinese bank which is not part of the federal reserve or central bank of the original country.
This story is a mixture of fact and fantasy. It is true that paper money is no longer backed by, or redeemable in, gold. But if the total amount of cash and credit was limited by the gold supply, the world’s economies could never have expanded to the levels they have today, and our general standard of living would be much lower. There is value in things other than gold or silver. Real estate, cars, and other things that people value are all considered backing for our money.
@PanekPL Why? When we offer the best system in the world.
@jihadulnafs fuck all muslims
You people out there you little people had best learn how to tow the line….oh yeah Im watching ya!!!
if the whole world imlemented the sharia law there would have been no debt. Our system of trade and regulations are by far the best. although there may not be any good example of this as many ‘muslim’ countries have boycotted their religion.
All problems have began after interest payments. Allah declares it forbidden. the last verse to have been sent to muhammed was that of the totall prohibition of riba (interest) .
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Money is work , and debt is future work. A mortgage is a promise to pay (work) for 30 years. Banks deal in future money, i.e. future work. That’s why some call debt ’slavery.”
“Money used to represent value. Money now represents debt!
Doesn’t the expansion in the money supply by the money creation by the banks lead to higher inflation rates, thus implying that money still represents value?