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Go Back   UK Forum News Politics & Current Affairs > UK General > UK General Debate

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Old 02-15-2008, 10:56 AM   #1 (permalink)
MarkP
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Default 97% of All Money is Created out of THIN AIR as Loans by the Private Banks

Here are some facts that you will not find in the media:
1. In the private bankers debt-based money system that we are made to use, 97% of money circulating was originally created as computer ledger entries by private commercial banks when we take out loans and mortgages. It has no tangible existence outside the banks interacting computer systems because we withdraw hardly any of it in the form of Government created cash. This system is replicated in very similar forms in virtually every developed country, the world over.
2. No borrowing in this system means no money. When the commercial banks lend “money” its NEW Number Money (existing as data only) they created the moment the amount appeared in the “borrower’s” account. No depositor is ever sent a letter saying their money is temporarily unavailable because its been lent to someone else. No-one else’s account was touched, reduced or affected. Meanwhile not one person in a hundred grasps the fact that our governments have all permitted private banks to create over 95 percent of our money supply bringing huge profits to them and endless debt to us. Obviously there will not be enough money to pay the interest as the interest has to come from the same source, (further money creation by private financial institutions with even more interest attached). So national and personal debt accelerates and the overall interest due also rises with time. This is the real reason why we are told the economy always has to grow. Present UK government debt mostly to the private banks is £0.5 Trillion, up from £90 Bn in 1980 and £26 Bn in 1960.
3. For government, taxing the people helps pay the interest bill and that is why overall taxation is always rising. Much of our taxes go straight into the pockets of the super-rich international bankers to pay the interest on the "money" (data) they have "lent" and created out of thin air.
4. Banks are allowed to create money OUT OF NOTHING at virtually NIL cost to them and charge all borrowing individuals, businesses and governments interest on it. This is because it only circulates as data between banks' computers and not as cash which they would have to pay the government for. This freely created intangible data "money" circulates when you get paid your salary by bank computer transfer or when you use your cards, direct debits, cheques, CHAPS payments etc. Look into "fractional reserve banking". Google "electronic money creation", "webofdebt", "prosperityUK", “Monetary Reform”.
I know its hard to get your mind round when none of our corporate media talks about it, hardly any MPs know about it and it goes against everything you've assumed or been taught. 99.99% of people assume that banks & building societies lend out money that their other customers have deposited, or that they've borrowed it from the Central Bank, (BoE in UK). We demand of our governments fair money systems. Money creation must be taken out of the hands of the money masters and into the hands of the people, "where it properly belongs." (Abraham Lincoln).

If you don't believe me & you don't want to bother researching the sources I have quoted then:
For a succinct explanation visit A Privatised Money Supply: Modern Banking and the Fractional Reserve System

AND To watch an impressive explanatory FILM, (needs headphones):
visit YouTube - 1. Corrupt Banking System - Cartels Robbing the Public
OR Google "Money as Debt" to watch another 50 minute animated film.

Then Act.
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Old 02-15-2008, 12:15 PM   #2 (permalink)
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originaly said by Mark P
Quote:
Then Act.
I shall read your post, and then decide if I will or will not do any more than that.
What action are you taking yourself? and what are you suggesting that we do?
note suggest not order.
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Old 02-15-2008, 06:41 PM   #3 (permalink)
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Quote:
Originally Posted by MarkP View Post
Then Act.
the goat?
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Old 02-15-2008, 07:01 PM   #4 (permalink)
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Quote:
Originally Posted by terrywit View Post
the goat?
I should prefer the soliloquy from hamlet.
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Old 02-15-2008, 10:55 PM   #5 (permalink)
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Quote:
Originally Posted by poppy View Post
I should prefer the soliloquy from hamlet.
Thats easy for you to say.......
I think we have another one topic poster.
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Old 02-15-2008, 11:13 PM   #6 (permalink)
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I am sure of it. The soliloquy is much nicer to read, better than rabbiting on about the money barons, after all it stopped being real money when it became bits of paper with numbers on. digital code floating in the ether between banks computers has even less to with it.
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Last edited by poppy : 02-16-2008 at 06:45 AM.
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Old 03-06-2008, 09:34 AM   #7 (permalink)
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Default Why Monetary Reform Reqd- Famous People Quotes

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

“Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile... Once a nation parts with control of its credit, it matters not who makes the nation's laws... Usury once in control will wreck any nation”. William Lyon Mackenzie King, famous Canadian Prime Minister

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. . . . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick. "This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump. "There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.

"Let me issue and control a nation's money and I care not who writes its laws" -- Attributed to Mayer Amschel (who later changed his surname to Rothschild and founded the largest financial dynasty ever to exist in its influence and power).

“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs”. Thomas Jefferson Former President United States

“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 Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. 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 US president

“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to...provisions [which] would place our currency and credit system in private hands”. - Theodore Roosevelt

Despite the warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: ”I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are 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 civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men”. -Woodrow Wilson former US president

“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon”. Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta 1934
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Old 03-06-2008, 02:15 PM   #8 (permalink)
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lots of quotes, what is your own opinion?
As Will says "think for yourself it ain't been banned YET"
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Old 09-17-2008, 10:27 AM   #9 (permalink)
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"It is well that the people of the nations do not understand our banking and monetary system, for
if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford Founder & President of Ford Motor Company

Equally, if people knew what went on in banks no-one would ever deposit any money there!
- ex bank official now retired.
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