Friday, June 6, 2008

Ever wondered where the banks get the “money” that they “lend” you?

"Money as Debt"

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.

Posted by lvmreader @ 02:41 AM (660 views)
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16 thoughts on “Ever wondered where the banks get the “money” that they “lend” you?

  • Any folks who think this is nonsense, please posit clearly your arguments against. Fiat declarations of “this is conspiracy theory” smack of an intellectually challenged soul.

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  • sold 2 rent 1 says:

    Most people on this site understand “Money as Debt”.
    Most people accept that the Federal Reserve is a private bank; that the US has lost control over its own money creation.

    The big shift in consciousness that most people cannot make is there is a small group of elite people that have understood “money as debt” for 100s of years and have worked the system in their favour, as they have no conscience or no emotions of guilt.

    As their power base increased, they become more greedy and corrupt, and this feedback loop of power, greed and corruption has reached unimaginable levels, whereby the average Joe in the street disregards all these ideas as conspiracy theories.

    People have 2 choices, they can learn this the easy way through their own research, or the hard way when any wealth they have (savings/property) is devalued/repossessed.

    There is no point having a 100 comment thread again. Consciousness takes a while to change and time is running out. Only you can change your own consciousness.

    6 July 2008

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  • Oh FFS, not this again.

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  • I am not calling the video nonsense – I think it’s rather good – but I do have a question. Would our economies be able to finance infrastructure and other large projects to the same extent that they do now if they abandoned fiat currency? Personally speaking, I have my doubts because if I was paid in a currency backed by silver, gold or some other ‘safe’ money, then I would tend to save. If saving was the norm – and why not if your savings are safe – then central government might struggle to fund large projects. Of course restraining central government seems highly desirable today but what would the long term effect on our society and security be?

    From the video:

    “It would have been straightforward to outlaw the practice of creating money from nothing but the large volumes of credit the bankers were offering had become essential to the success of European commercial expansion so instead the practice was legalised and regulated. Bankers agreed to abide by limits on the amount of fictional loan money that could be lent out. The limit would still be a number much larger then the amount of value of gold and silver in the vault.”

    The implication is that our European predecessors looked at the pros and cons of adopting fiat currency from a financial perspective and made a calculated decision to permit usury for the greater good (yes, I know. we could debate ‘greater good’ forever). We are so used to – and so fed up with – centralised government intervention that it seems hard to imagine anything else and particularly to anticipate the long term consequences on our society of completely abandoning a fiat currency.

    If our country’s fiat currency system is so bad, why do so many people from all over the world apparently want to live here?

    Another related question: Why do we have to have one interest rate for that determines commercial investment and personal lending rates? We are quite happy to let banks charge different rates for business and personal accounts. We have the LIBOR rate for interbank lending and the Bank of England rate for most commercial and private lending. It seems that to me that it might be desirable to have different interest rates for commercial investment and personal loans e.g. imagine if the B of E could cut commercial lending rates to stimulate economic growth without encouraging speculation based upon non productive assets such as private land, houses, tulips and so on? I am willing to permit bubbles in the stock market and commercial enterprises because participation in those is generally voluntary. Of course there are lots of problematic issues with this idea but I believe that modern accounting is already stuffed with those anyway so would we be any worse off?

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  • @sold 2 rent 1

    According to my calendar, today’s date is 6 June 2008.

    Perhaps it is 6 July 2008 on Calleman’s calendar?

    Just my little joke. no offence intended 🙂

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  • sold 2 rent 1 says:

    6 July 2008 – This will be a big day for world consciousness

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  • sold 2 rent 1 says:

    quiet guy,

    A fiat currency with perpetually increasing debt was NECESSARY for the industrial revolution era.

    But life is not static, life is evolving, and exponentially too.
    The use-by date for debt-based banking is getting close.

    We need to move on.
    We need to develop something new.
    Welcome to evolution.

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  • theboltonfury says:

    @5 – what do you think will happen?

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  • sold 2 rent 1 says:

    The truth will come out – whatever that may be.

    The 3 key WW2 fifth night mapped battles I picked were

    12-20 May 2008 – Battle for Stalingrad
    14 June 2008 – D-Day landings
    6 July 2008 – Japanese A-bombs

    I thought the Chinese earthquake on 12 May was linked to this fifth night destruction. The pictures on the TV continued for at least a week.
    Destruction manifests itself in many ways.

    But then I found this videos
    http://www.youtube.com/watch?v=0VX0JvpW5q0
    http://www.youtube.com/watch?v=mH94XQN-E8A&feature=related

    Benjamin Fulford says that the US has an earthquake machine called HAARP, and has been setting off man-made earthquakes in China, Japan and Indonesia.

    If we are looking for a consciousness changing event this may be it.
    The realisation that the US has been terrorising countries with an earthquake machine

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  • NO s2r1, no you didn’t think the earthquake had anything to do with your 12-20 May prediction. If you remember (and we can all go to the archive) you said that the 16th May would mark a shift from power to ethics. You then started wittering on about Dwain Chambers. That’s what actually happened.

    Here’s the prediction:
    http://www.housepricecrash.co.uk/newsblog/2008/05/blog-slightly-off-topic-but-a-good-reflection-of-rubbish-mainstream-media-reporting-13288.php

    Here’s you desperately trying to make it fit:
    http://www.housepricecrash.co.uk/newsblog/2008/05/blog-may-th-13327.php

    You are now changing your position post hoc ergo propter hoc to get a confirmation bias. You’re a fraud!

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  • Taking a step back as well

    – Stalingrad lasted a lot longer than 8 days
    – The D-day landings happened on June 6th
    – Hiroshima and Nagasaki were the 6th and 9th August respectively

    How do you like them facts?

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  • sold 2 rent 1 says:

    James, me old “common purpose” arch enemy, nice to have you back.
    You guys must be getting scared now. The truth is coming out.

    How about saving yourself, and shopping your CP mates.
    You could do a decent plea bargain.

    You can’t fight the mathematics of the universe.

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  • Ahh, what a fantastic ad hominem, yes, I’m really shaking now. Thanks for making it a direct threat, though.

    You have no response to your own posts – hoist by your own petard. Fraud.

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  • And, of course, every one of those dates you give for WWII battles is wrong.

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  • And up pops yet another conspiracy from that well known fountain of all factual knowledge youtube. Earthquake machine used on China! Tch tch tch. I ask you.

    Wot James says.

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  • shipbuilder says:

    I believe s2r1 predicted a ‘black swan’ event for 6 July. However, despite my asking him 3 times now, he still won’t (can’t) explain how ‘black swan’ theories tie in with his calendar when the fundamental definition of a ‘black swan’ event is one that is unpredictable.
    I don’t hold much hope this time either.

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