23-01-2008, 01:01 PM
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| 97% of All Money is Created out of THIN AIR as Loans by the Private Banks
Here are some facts that you will not find in the media: 1. In the private bankers debt-based money system that we are made to use, 97% of our money is created as computer ledger entries by private commercial banks when we take out loans and mortgages. It has no tangible existence outside the banks computer systems because we withdraw hardly any of it in the form of Government created cash. This system is replicated in virtually every developed country, the world over. 2. No borrowing in the system would mean no money. When the commercial banks lend “money” its NEW NUMBER MONEY (existing as data only) created the moment the amount appears in the “borrower’s” account. No depositor is ever sent a letter saying their money is temporarily unavailable because its been lent to someone else. Meanwhile not one person in a hundred grasps the fact that our governments have all permitted private banks to create over 95 percent of our money supply bringing huge profits to them and endless debt to us.3. Obviously there will not be enough money to pay the interest as the interest has to come from the same source. So national and personal debt rises and the overall interest due also rises with time. This is the real reason why we are told the economy always has to grow. Present UK government debt mostly to the private banks is £0.5 Trillion, up from £90 Bn in 1980 and £26 Bn in 1960. 3. For government, taxing the people helps pay the interest bill and that is why overall taxation is always rising. Much of our taxes go straight into the pockets of the super-rich international bankers to pay the interest on the "money" (data) they have lent and created out of thin air. 4. Banks are allowed to create money OUT OF NOTHING at virtually Nil cost to them and charge all borrowing individuals, businesses and governments interest on it. This is because it only circulates as data between banks' computers and not as cash which they would have to pay the government for. This freely created intangible data "money" circulates when you get paid by bank computer transfer or when you use your cards, direct debits, cheques etc. Look into "fractional reserve banking." Google "electronic money creation", "webofdebt", "prosperityUK". I know its hard to get your mind round when none of our corporate media talks about it, hardly any MPs know about it and it goes against everything you've assumed or been taught. 99.99% of people assume that banks & building societies lend out money that their other customers have deposited, or that they've borrowed it from the Bank of England. We demand of our government a fairer money system. Money creation must be taken out of the hands of the money masters and into the hands of the people, "where it properly belongs." (Abraham Lincoln) If you don't believe me & you don't want to bother researching the sources I have quoted then for a succinct explanation visit http://www.basicincome.com/basic_banks.htm OR To watch an impressive explanatory film, vist http://www.youtube.com/watch?v=cy-fD78zyvI OR Google "Money as Debt" to watch a different 50 minute animated film. Then act.  |
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