Understanding Money & Debt

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etniksThe key to winning this battle is UNDERSTANDING by many voters of how fraudulent the Fractional Reserve Banking System is.Nobody from any political preference wants to be taken advantage of, and the Debt-Based money system is a crook's dream to live from other people's efforts.While there are many v...

2 weeks ago
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2B free1000http://www.apfn.org/apfn/fed_r......

3 weeks ago

siddhamHello JimThe management of the Central banking system is privately controlled - that's what they mean by independent; independent of public control; or independent of control by the representatives of the public.Independent in this situation refers to control - not theoretical ownership.You are corr...

3 weeks ago

James MurraySiddham,On paper Central Banks are not independent - the BoE is a separate entity but with its shares wholly owned by the Government.The ECB again has its share capital owned by the 27 EU states. But I do agree that, without indulging too much in conspiracy paranoia, the actuality is that the countr...

3 weeks ago
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Marco SabaHere is the text where I explain this point: Seigniorage: The Honest Government's Guide to the Accounting of the Revenue from Money Creation http://leconomistamascherato.b......

last month

James MurrayHi Marco,I am still not certain that I understand.I believe you are saying that newly created money becomes a Government asset which is then able to be spent.This asset must be balanced (in the books) with a corresponding liability owed by 'the sovereign people', but to whom?Then you mention the 'ba...

last month

Marco SabaI mean that when the government will cash in in the banks liability from money creation there will be no need for taxation because this asset alone is currently (in Italy) two times the state budget.Banks liabilities from money creation are here 1.8 trillion Euro each year....

last month
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PJMThe "very non-trivial admission" by "the Bank of England to publicly concede that banks create money and point out that mainstream textbooks are generally wrong on this fundamental point" is definitely NOT "the first time in history".The REPORT OF THE NEW ZEALAND ROYAL COMMISSION ON MONETARY, BANKIN...

September 2016

Marco SabaThis is the unaddressed point: Seigniorage: The Honest Government's Guide to the Revenue from the Creation of Money http://leconomistamascherato.b......

July 2016
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