Watch an excellent tour de force by Bill Still – monetary reformer, bestselling author of award winning documentary The Money Masters (15th most viewed film on internet in history) and The Secret of Oz – on the popular Max Keiser show!
[youtube height=”HEIGHT” width=”WIDTH”]https://www.youtube.com/watch?v=WAeCnfEyW1c[/youtube]
The FED is a captive of the big banks. The FED doesn’t create any money with the exception of QE1 and QE2.
All of our money is created as interest-bearing debt. We are literally (and this is world-wide) renting every dollar we have in circulation, with the exception of coin money!
This is a great deal, if you can get it, for the banks, but it’s a horrible deal…
Money should serve a public interest. I am not interested in nationalizing banking, but I am interested in nationalizing money.
We need a healthy competitive commercial banking establishment … but banks can not control the quantity of money which they absolutely do today!
On ringfencing in UK:
Even splitting up the banks between speculative banks and utility banks is not going to do that, because you still have banks creating 100% of the money and that’s what the problem is. It’s not what backs money that is important, it’s who controls the quantity.
And if you’re sitting in banks driver’s seat and if you are controlling the quantity of national money, than de facto you control the political situation as well. Because if government needs loans and you are not willing to lend, than you are in absolute control of that government, and that’s the situation we’re in today.
And I believe the reason governments world-wide are seemingly no longer responsive to the voting electorate is because they no longer own the money power. The banks own the money power. So, step one is to take back the money power and that would allow governments freedom from this banker class…