There are many names for the present monetary system, from neo this to FIAT that, in truth though it is purely theft and enslavement by design.
Banking has been one of my favourite subjects over the years, due to the fact I know the characters inside, I have had these conmen in my close associate circles in the past, and not by accident. If you want to know how a system works, there is no better person to ask than a high ranking banker.
Owning my own companies before draws these people to you, so does having an older brother that worked in the London stock exchange, and that I certainly did have, a brother who also socialised with me at night, down our local bars. We were banker magnets.
"It is well enough that 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.
I was having dinner with my bro one night, and one of his banker buddies named Charles something or other strolled over, and perched his arrogant arse on a seat, he had no problem interrupting our meal, that was the way Charles was & is.
I poured our portly banker a glass of wine, and plied him full with almost a bottle of the stuff, I wanted old Charlie boy to loosen up, and sing like a canary about banking - he did not let me down.
I asked him to explain where the money comes from, and why governments print it and want it back. Old Charlie was not shy to state as fact, we print it from thin air, and add debt to it, there is never enough money in the system to cover the debt, as every time we print more, we add more debt. Regards to the government he stated as fact, that governments have no interest in controlling the money, they want control of the people instead, and by everyone owing debt and tax, everyone has to find a way to pay it back. Old Charlie was laughing in my face.
Most people will know, though I will take no chances anyway, that money used to be tied to the gold standard, so you could take back a bank note, and exchange it directly for the equivalent in gold.
https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136
That was replaced with this FIAT system we have now, printing it from thin air, or counterfeiting more like. I have a short video I would like interested parties to watch. It is only 2 minutes long.
Is a prime example of how to do banking, well it was anyway, before good ole Justin's dad sold the nation out to the IMF (international monetary fund). They had virtually no debt in Canada from 1934 until 1974. It was a flat line of around 4%.
“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” -- William Lyon Mackenzie King, prime minister of Canada, 1935.
I do not think it is a matter of not printing money, it is more of a matter who prints it, a bank for the people, owned by the people, that benefits all people, is a bank worth having, in my opinion, you may feel different though. I would propose this bank pays a % of all profits to all citizens, so the more it makes, the more is shared, this would get rid of the predatory banking we have at present.
In my mind all banks should be owned by every citizen of each country, the government should also have control over it, not like it is now. If they did there would be zero need to tax people, as they could print as much as they liked anyway.
A welfare state would also then not be required, as everyone would get some money from their share in the banks, I would go 1 step further and say all corporations, instead of being taxed, should also give shares away to every citizen it employs, and even ones it does not, then any lay off from said corporation, would not require government welfare, as the person being laid off has shares and can receive a yearly wage for life. Or simply sell the shares to survive.
Here is another idea, not mine, though it is feasible.
Politicians often like to point out that there is no “magic money tree”. But that raises the question, where does money actually come from? The answer is more complicated than many people realise.
If you listened to some government ministers, you might assume that there’s a fixed amount of money in the economy, or that the amount is strictly controlled by the Bank of England.
But in fact, money is being created out of thin air all the time. And this process has hugely important implications for issues like housing, inequality and the environment.
Most of the money we use comes in digital form, as the numbers we see on our bank statements. This money is created by private banks like HSBC and Natwest when they make loans. They create it by simply typing numbers into a computer – some might call this magic!
Sound implausible? You don’t have to take our word for it – the Bank of England itself has confirmed that “whenever a bank makes a loan, it creates a deposit in the borrower’s bank account, thereby creating new money.”
Unfortunately, banks direct most of their lending towards property and financial speculation, which pushes up house prices and makes financial crises more likely. Banks prefer lending to the ‘financial’ economy than the ‘real’ economy, where most ordinary people would see the benefit. This means they do a bad job of lending to businesses which create jobs and grow the economy in a sustainable way.
And because commercial banks were slow to start lending again after the 2008 crisis, the Bank of England stepped in with its own money creation programme called quantitative easing. It’s chosen to pump this new money into the financial sector, which is pushing up the value of assets like houses, shares, and corporate bonds.
This policy has done very little for ordinary people, but the Bank of England’s own research has shown that quantitative easing made the richest 5% over £128,000 richer. So at a time when politicians are using the absence of a “magic money tree” to justify austerity, the Bank of England policies are enriching a wealthy few.
All of this exposes how dysfunctional our money and banking system is. But we know it doesn’t have to be this way. We can reform the system so that it supports a fairer and more sustainable economy.
Instead of the Bank of England pumping new money into financial markets through quantitative easing, it should be spent via the government into infrastructure, green technology, or as a cash transfer to help households pay off their debts and improve their finances.
And we need to transform our banking system so that banks lend money to support investment and jobs in the real economy. This means having a more diverse range of banks and government policies that encourage lending for productive purposes.
It does though reflect the current monetary system, foggy and confusing, it does not have to be this way, it can benefit all, not just the "few" and we have to make it so, we are the knights in shinning armour, we can save us, we do not need anyone to do it for us, I am ready, if you are.
Deliberators verdict = It is so close I can taste it, freedom for all.
Deliberator = Definition of deliberator
plural -s
: one that deliberates
images courtesy of pixabay.
