This seven-minute video shows better than any other medium how devastating the effect of compounding interest upon interest is.
The trouble is that, by now, brainwashing (rather than education) has been so successful that everybody thinks ‘money’ must be borrowed. At interest. Nobody asks where the interest is supposed to come from.
And there is a big difference whether
- you and I borrow for our personal or small business needs (little money)
- whether banks and central banks borrow (making money out of money aka usury)
- and whether the Government borrows ‘big’ money
- for its own needs
- the provision of public services
- the compensation for shortcomings provided by public officials
- to ‘run’ the economy – which it hardly does, compared with the effect of money as debt.
Yes, it’s about ‘big’ money and ‘little’ money, and it’s about long and short time frames. That’s what the video shows!
‘Austerity cuts’ are far from necessary. But The Bradbury Pound is not known, since it is not taught by any economist. For the bank(st)ers do their best to camouflage what they are doing: create money from thin air and charge interest for it.
The big question is: why do all politicians seem to fall for this ‘trick’ such it has been beautifully institutionalised into the Debt Management Office?
The history of the national debt is published here. But who benefits is not published, i.e. the recipients of interest payments!
Posted in Banks, Central Banks, City of London, Compound Interest, Credit creation, Debt Management Office, Government budgets, Government debt, Money as Debt, National debt, Public debt, United Kingdom
Tagged Business, Central bank, Directories, Federal Reserve System, Finance, Government, Interest, Monetary policy
This US video was published on Daily Paul – the blog relating to Dr. Ron Paul the tireless campaigner for monetary reform who is now in charge of a Congress Committee with which he might make a real difference.
The video spells out how ‘all things political’ are happening from, by, through and with ‘the banks’, including the ‘Banco Vaticano’.
Here is Part 2. There is a total of eleven videos in this series.
This article can be found on Finance and Economics, the website of ecnomist and former banker Alasdair Macleod.
However, his quote “Zero interest rate represents the most serious mispricing of money. It does not contribute to producing the savings industry requires for recovery.” indicates that he sees “money” only as a product.
I refer to his article here mainly to illustrate the “games” central bankers play
- with governments – through “government bonds“
- the value of money – through “freshly created paper money“
- the price of gold and silver – through price suppression schemes that GATA has been pointing out for years.
Alasdair Macleod predicts the “death” of money, by comparing with history in the 18th century. I shall not join him in predictions. But I do hope that the current trends will NOT continue!
Posted in Central Banks, Credit creation, Government debt, National debt, Public debt, Sovereign debt
Tagged Banknote, Central bank, Federal Reserve System, Government bond, Inflation, Medium of exchange
Here’s my Santa Letter that I put here. Will you add yours?
Dear Bank of England,
For Christmas, it would REALLY be nice if ALL of your employees were invited to remember how you were created in 1694: the Bank of England Act foresaw a punishment for TRADING, to avoid the SUPPRESSION of Their Majesties’ subjects, at TREBLE the value of the trade. See http://bit.ly/fgU3Ps
Hence my biggest wish is that you stop selling ‘bonds’ or any other papers or currencies to the Treasury as “public debt”, only for us the taxpayers to pay interest every year, in every budget, no matter who’s in government.
My next biggest wish is that you stop listening to the Fed, the IMF and any other American economists or bankers. Think your own thoughts! And think about what is good for the people in the UK and not just the global financial elite. Could you please put your allegiance where it is supposed to be, and not with whoever wines and dines you best?
And then I do wish that you supervise all banks propoerly, for self-regulation does NOT work. With the internet it’s easy now. Get proper statistics together! Just as everybody gets hit and hurt when ZERO is reached in an account, so please hit and hurt your fellow bank(st)ers:
- when there is too much Credit and not enough Cash in the money supply
- when short, medium AND long-term inflation figures become unacceptable
- when banks get bailed out WITHOUT victims of financial exploitation and legal oppression being compensated for white collar crimes committed by people in your institutions.
What a lovely 2011 it would become!!!…
Yours gratefully in advance,
Organiser, Forum for Stable Currencies
Web Publisher, Victims Unite!
Posted in Banks, Campaigning, City of London, Currencies, Economics, Federal Reserve, Inflation, International Monetary Fund, Monetary inflation, Price inflation
Tagged Bank of England, Federal Reserve System, IMF, International Monetary Fund, Money supply