This is a remarkable event with a most necessary agenda: The People’s Assembly against Austerity.
And they don’t even know about the obvious solution, for people in general simply don’t understand the complexity – because ‘economics’ has been created to camouflage what bankers and central bankers are doing:
- what money is: Cash and Credit
- that bankers [who issue the Credit] determine what happens in an economy
- that governments have ‘forgotten’ about their monopoly to issue Cash as interest-free money
- that the budgets of governments always have a large component to pay ‘interest payments’
The solution is the Bradbury Pound that was issued 99 years ago as a precedent for what should have been happening ever since.
A campaign to bring back the Bradbury Pound for its 100th anniversary has begun.
Posted in Austerity, Banks, Bradbury Pound, Financial products
Tagged Austerity, Business, Central bank, federal reserve system, London, Money Management, Quantitative Easing, United State
www.klagemauer.tv [wailing wall], a remarkable global news agency, published in Switzerland, that presents online news very smartly in mainstream media style.
This video contains the following stories [the links take you to different but English stories]:
- Rothschild’s $200 million bet regarding the demise of the Euro
- The Bank of North Dakota as a state-owned bank for the state’s citizens
- A few families rule the World
- Who rules money?
Fascinating are the differences in language, implied by German and English. I.e. the German word for ‘citizen’ implies the ‘guarantee’ for debts! The German for ‘debt’ is the same as for ‘guilt’. The German for ‘interest’ is very different from paying interest and having an interest.
- Nice cartoons illustrate how 98% (rather than 97) Credit [created by banks at interest] and 2% (rather than 3%) Cash [created by governments interest-free] are the money in circulation.
Posted in Banks, Cash, Central Banks, Credit, Interest, Mass Media, Money, Money Supply, National Debts, News, Online activities, public debts
Tagged Bank of North Dakota, Business, English language, Financial Services, German, German language, Germany, government, interest, Johnny Cash, money supply, National bank, united states
Thanks to the web and net, institutions lose their credibility. In my observation, this applies to governments, banks, the judiciary, Social Services and the Police as well as governmental funding agencies.
Comes along the next generation with programming skills and a spirit of enterprise and crowdfunding is born. Of course, it is earlier / bigger / better in the US, but in the UK there are supposed to be 44 platforms available, too. A most comprehensive US site is crowdsourcing with excellent reports.
The cultural and thus institutional attitude to “money” differs widely between the US and the UK. But neither ultimately appreciate the dishonesty of turning credit from thin air [bank generated at a price] into cash [government generated interest-free].
When inventors, artists and entrepreneurs discover that neither funding nor the protection of their Intellectual Property (IP) work, because it’s all only made for institutions and big companies, everybody must rejoice in these online alternatives. Here’s an excellent UK directory.
HBOS Whistleblower Paul Moore on video – produced by Positive Money. He quotes a saleswoman who said we can never attain our targets if we tried to sell ‘ethically’…
Whoever began to think about ‘financial products’ and sell them???
‘Money’ has ceased to be a medium of exchange as well as a store of value. It’s just become a tool to make money out of money: a deadly sin in Islam!
Posted in Banks, Financial products, Means of payment, Money
Tagged Business, Financial Services, HBOS, Medium of exchange, Paul Moore, Pied Piper of Hamelin, Store of value, Twitter
Paul Grignon produced Part I and Part II of Money as Debt.
This Part III is the most lucid of all. It points to:
- the main cause of paying ‘interest’
- the ‘interest’ not being generated by anybody
- the man with the money has enslaved the man without it – just like the real world
- ‘flow’ is the real measure of economic activity
- what is ‘flowing’, is credit or ‘promises to pay’
- money = promises of future productive work
- interest= reduced future spending power.
Money is lent twice.
- first we borrow ‘money’
- then we borrow ‘money’ to pay ‘interest’.