The Secret of Oz- The Truth behind the modern financial system

Breadan O'Connor

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Most people do not understand how money is created.

Money in modern economies is created by banks lending money to people and businesses and governments.

Every time a new loan is given out the supply of money in the economy increases.

The perfect example is Ireland during the property boom when money was everywhere.

The problem is that these loans have to be repaid as we now realise to our cost.

In the USA Abraham Lincoln issued debt free money during the civil war.

If governments were to issue their own money this problem of money ceated as debt could be avoided.

An intersting film here about money as debt and the machinations of bankers to control the money supply of the USA.

"Whoever controls the volume of money in any country is absolute master of all industry and commerce, and when you realise that the entire system is easily controlled, one way or the other, by a few men at the top, you will not have to be told how periods of inflation and depression originate."

[ame=http://www.youtube.com/watch?v=U71-KsDArFM&feature=player_embedded#]YouTube - The Secret of Oz - English - FREE.mov[/ame]!
 


Skinner

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The Money Masters is excellent stuff also.
Thanks for the link, watching it now *thumbs up*
 

Skinner

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After finding out about money, I always :lol: when folk bleat on about

"But but but we NEED the banks OMG!!!"

When in fact, its exactly the other way around, they need us petunia
 

Tea Party Patriot

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Most people do not understand how money is created.

Money in modern economies is created by banks lending money to people and businesses and governments.

Every time a new loan is given out the supply of money in the economy increases.

The perfect example is Ireland during the property boom when money was everywhere.

The problem is that these loans have to be repaid as we now realise to our cost.

In the USA Abraham Lincoln issued debt free money during the civil war.

If governments were to issue their own money this problem of money ceated as debt could be avoided.

An intersting film here about money as debt and the machinations of bankers to control the money supply of the USA.

"Whoever controls the volume of money in any country is absolute master of all industry and commerce, and when you realise that the entire system is easily controlled, one way or the other, by a few men at the top, you will not have to be told how periods of inflation and depression originate."

YouTube - The Secret of Oz - English - FREE.mov!
If the currency they are issuing is back by gold, if not then it can cause inflation. See Robert Muagabe's CV he is very good at it.

Debt per say doesn't create currency, it increases the money supply based on fractional reserve banking, which leads to an increase in the amount of money in circulation.
 
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Polytics.Irie

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The Money Masters is class made by Vil Still also.

The likes of L Chaim won't like it though.
 

Destiny's Soldier

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kerdasi amaq

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A lot of the hysterical doommongers think that re-introducing our own currency would be a disaster. The trick is to control the volume of money in circulation.

The American War of Independence was fought over money issuing rights.
 

Breadan O'Connor

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Simon Kelly, author of Breakfast with Anglo, had an interesting article in the Sunday Tribune.

Quote:"Mortgages make up the largest portion of debt in the financial system. They are central to the expansion and creation of money. Without mortgage debt, the stock of money in the world would be reduced by over 50%. The financial system is addicted to an ever increasing amount of money created through debt."............

"1 euro compounded at 10% over 200 years equates to over 189 million euro. Compound interest on debt is a race we can never win.".......

"The current fractional reserve banking system ultimately means that banks, through debt and the compounding of interest, will own all the homes and assets of a country. The tipping point where people realise this seems to move ever closer."

Back To Business, Simon Kelly - Why should we pay a tax on something we don't actually own?


I wonder if Simon knew how fractional reserve banking worked before he took out those huge loans with Anglo?:)
 

Breadan O'Connor

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Breadan O'Connor

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The inherent evil of fractional banking

"a single dollar deposit, lent over and over again as it moves from bank ledger to bank ledger, can multiply into $30(or more) worth of "money" in 30(or more) transactions. In each case banks own the deposit and give the depositor in exchange an IOU.".........


"Of all the many ways of organising banking, said[Mervyn King, Governor of the Bank of England], the worst is the one we have today. One solution, he said, was eliminating fractional reserve banking." The inherent evil of fractional banking - The Globe and Mail



I think we in Ireland need to become aware of this disasterous system of fractional reserve banking.
 

Tea Party Patriot

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"a single dollar deposit, lent over and over again as it moves from bank ledger to bank ledger, can multiply into $30(or more) worth of "money" in 30(or more) transactions. In each case banks own the deposit and give the depositor in exchange an IOU.".........


"Of all the many ways of organising banking, said[Mervyn King, Governor of the Bank of England], the worst is the one we have today. One solution, he said, was eliminating fractional reserve banking." The inherent evil of fractional banking - The Globe and Mail



I think we in Ireland need to become aware of this disasterous system of fractional reserve banking.

+1

It's what caused our crisis in the first instance, that and state guarantees.
 

Hillmanhunter1

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Every so often somebody on this site stumbles across fractional reserve banking and thinks they've discovered something on a par with the third secret of Fatima, or conclusive evidence of reptilian humanoids. It's really quite hilarious.
For some reason I'm always reminded of the old quote from GK Chesterton that when people stop believing in God they don't believe in nothing, they believe in anything.
Fractional reserve banking is a well understood aspect of modern banking systems. The fact that most people don't understand it is neither here nor there, most people don't understand the internal combustion engine, fermentation or gravity either. Big deal.
 

Breadan O'Connor

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"Banks always take back more money in principal and interest than they put into the money supply as principal, making the system basically a pyramid scheme. After 300 years the scheme has spread around the world and has now reached its mathematical limits. The whole world has been captured in the debt trap of a private international banking monopoly."

Ellen Brown, author of the book, "Web of Debt"

Ellen Brown on Debt Money, Why Money is Collapsing and Why Central Banks Need Adult Supervision
 


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