Worlds biggest scam ie the banking system

[Gooders1002]

I have gained knowledge about the banking system and these videos will explain everything (apart from ending sales pitch but what I have read up on its accurate). The 4th video is the most important, but the others give background.
https://www.youtube.com/playlist?list=PL...zgwrq1jkUJ
Its Thief pure and simple and it will end within 30 years in complete global economic collapse and this is MIT saying it
http://www.naturalnews.com/035700_MIT_ec...tion.html#

[LastPoet]

Its not a scam, it's lawfull stealing.

[FreeTony]

You're quoting Natural News?

The banking system is very complicated, and most people don't really understand it. To get to grips with it you need to understand that money isn't really anything at all apart from trust. Anything can be money. Banks actually create money out of thin air. When they loan out money this isn't money saved up in a vault somewhere from savers. The IOU becomes the money. If a bank gives you a loan, all they do is add say 5,000 onto your account. They offset this with the IOU that you owe them, which on paper is worth the amount of the loan.

Very little money is in physical currency. Almost all money is debt, created in this way. This debt is in most cases just numbers in a computer. So most of the money in an economy is just numbers in a computer (or in the old days numbers on a sheet of paper in the bank). Banks are integral to the modern economy, as they are the ones creating the money. This is why some may argue that they should be nationalised.


To better understand how banks create money, take a £10 note. Lend it to a friend, in return for a £10 IOU slip of paper. Suddenly, the amount of money is doubled. The IOU is worth the same as the bank note.

But you can then go further. You can lend the IOU slip to someone, in return for another IUO slip, as it is worth £10. Most banks would lend out maybe 20* times the initial £10 deposit. In fact, the £10 hard current is actually an IOU from the central bank. All money is in effect an IOU.

People may argue that this is ridiculous, however it has proven a very effective system to promote growth and capitalism. Rather than people sitting on assets, the monetary value of these assest is used to allow other people to gain assets themselves. It can be argued that much human advancement in the last few hundred years has only been possible with advancements in banking.


*http://en.wikipedia.org/wiki/Fractional_reserve_banking

[Gooders1002]

You're quoting Natural News?

The banking system is very complicated, and most people don't really understand it. To get to grips with it you need to understand that money isn't really anything at all apart from trust. Anything can be money. Banks actually create money out of thin air. When they loan out money this isn't money saved up in a vault somewhere from savers. The IOU becomes the money. If a bank gives you a loan, all they do is add say 5,000 onto your account. They offset this with the IOU that you owe them, which on paper is worth the amount of the loan.

Very little money is in physical currency. Almost all money is debt, created in this way. This debt is in most cases just numbers in a computer. So most of the money in an economy is just numbers in a computer (or in the old days numbers on a sheet of paper in the bank). Banks are integral to the modern economy, as they are the ones creating the money. This is why some may argue that they should be nationalised.


To better understand how banks create money, take a £10 note. Lend it to a friend, in return for a £10 IOU slip of paper. Suddenly, the amount of money is doubled. The IOU is worth the same as the bank note.

But you can then go further. You can lend the IOU slip to someone, in return for another IUO slip, as it is worth £10. Most banks would lend out maybe 20* times the initial £10 deposit. In fact, the £10 hard current is actually an IOU from the central bank. All money is in effect an IOU.

People may argue that this is ridiculous, however it has proven a very effective system to promote growth and capitalism. Rather than people sitting on assets, the monetary value of these assest is used to allow other people to gain assets themselves. It can be argued that much human advancement in the last few hundred years has only been possible with advancements in banking.


*http://en.wikipedia.org/wiki/Fractional_reserve_banking

While I can agree the same system when in collapses allow people like Hitler to take charge, it explains this in the 5th video of the playlist, government is nothing more the a oversized Mafia with big guns and the banking system is criminal.
Also, Wikipedia is just as reliable as my link, but if you google it it will show more.

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Its not a scam, it's lawfull stealing.

Same thing.

[FreeTony]

I'd suggest the Niall Ferguson series/book: The Ascent of Money. I found it a very interesting history of the monetary system, from ancient times to modern day, and it is written by a Harvard/Oxford Academic and not a gold salesman telling you to buy his gold.

It's not a secret that Gold prices go up in fearful times. The same is true of the Swiss Dollar. But when you start to think about it, there is no intrinsic reason that gold should be any safer than buying a currency. Gold is only valuable because people think it is valuable, and the same is true for any monetary system.

[Brian37]

Global corporatism has become a giant ponzy scheme and turned Wall Street into a rigged casino.

[FreeTony]

Global corporatism has become a giant ponzy scheme and turned Wall Street into a rigged casino.

Care to elaborate?

[Brian37]

Global corporatism has become a giant ponzy scheme and turned Wall Street into a rigged casino.

Care to elaborate?

What is to elaborate on? 85 uber billionaires have a global monopoly on wealth. The banks and fuel companies worldwide are controlled by a very few people. Those monopolies need to be broken.

We have a plutocracy dictating the global market, it is not improving the human condition it is creating more poverty and more exploitation. The worst part is that it is keeping us on fossil fuels which is pumping out way to much CO2. Our species needs to stop this otherwise this planet won't be fit for anyone, no matter their class.

[Gooders1002]

Care to elaborate?

What is to elaborate on? 85 uber billionaires have a global monopoly on wealth. The banks and fuel companies worldwide are controlled by a very few people. Those monopolies need to be broken.

We have a plutocracy dictating the global market, it is not improving the human condition it is creating more poverty and more exploitation. The worst part is that it is keeping us on fossil fuels which is pumping out way to much CO2. Our species needs to stop this otherwise this planet won't be fit for anyone, no matter their class.

Could not have said it better.

[professor]

The fraud has been carefully built.
Long ago, a banker learned he could lend money to BOTH sides of a conflict and make double profits.

This same banker made a vow that his descendants would kill off the Czar after the czar he dealt with refused to allow said banker to set up a central bank in Russia.
This ultimately led to a secret train packed with murderers headed to Russia in the midst of WW1.
Presto- czar out, communism in.

The banker's descendants have had their way with all the leading nations by now.
Every western nation now has fiat currency controlled by guess who........
But guess who has gold?
Scam?
"None dare call it conspiracy" Wasn't that a book?