Chapter 43 - Blog Rants About How Money is Created

agoodhuman

"Despite, the fact that we usually think of money as the physical cash and coins we have in our wallets, Government created money typically accounts for less than 5% of the money in circulation. More than 95% of all money in the world today was loaned into existence."

[https://agoodhuman.wordpress.com/2009/09/09/economy-1-how-money-is-created]

Robin Constance 2013

"The real business of banks as they exist today is to sell debt. Got it? And where do the banks get their product from; this money that they lend? From nothing, for nothing ... through an exercise in plain sight of sleight-of-hand digital accounting deceits! And here's the kicker: It is this type of money - out of thin air, keyboard-created, kiss-my-pixel, virtual-stuff - that now makes up 97.4 per cent of all money used in the economy... In effect then, the non-bank sector must `rent' the entire money supply from banks, resulting in a constant transfer of wealth from the rest of the economy to the banking sector (through interest payments)... To put this into actual money numbers, in 2011 the Bank of England calculated that banks earned just under £109 billion in interest a year. Before the Bank of England lowered interest rates in 2008, banks earned just over £213 billion in interest payments alone... Bear in mind that this is a charge for something that could be provided at almost no cost by the state,... 85% of the British public's money is held by just 5 banks... .Banks aren't 'too-big-to-fail'. As things stand at the moment, they are 'too-essential-to-be-allowed-to-fail'. So who rules, who are the masters of the universe ... our political representatives in Westminster or the unaccountable banksters of the City? ... Very simple: We, you and I, have given away the power to create money to private interests... But let's be quite clear: supplying a nation with its money must be completely separate from the activity of banking."

https://www.positivemoney.org/modernising-money/

agoodhuman

"There is no statutory limitation to the amount of artificial money that can be created by the banks."

[https://agoodhuman.wordpress.com/2009/09/09/economy-1-how-money-is-created]

Wayne Walton

"The bank does not LOAN money that it has. The bank INVENTS the money at the closing table. The bank cannot show a ledger where it had say $1M BEFORE the loan of $100k; then $900k after the loan."

[Why Usury is Fraud by Wayne Walton http://usuryfree.blogspot.cz/2011/12/why-usury-is-fraud.html]

The Tap Blog 24 April 2011

"As reported by George Knupffer (op.eit. pp 92/94) on the 14th January 1964 and then again on 22nd December 1964, Captain Henry Kerby, MP, introduced a Motion in the House of Commons demanding that the usurped right of issuing money be restored to Her Majesty The Queen, and that i[n] future, all monies required by the Government of Great Britain should be issued debt-free for the benefit of British taxpayers.

As not a single Member of the House of Commons, not a single Conservative, Socialist or Liberal supported this motion, it was not even discussed or reported by the Press. Maybe some members would have like to support it but shuddered at the thought of what had happened to Hitler and others who had dared to oppose the bankers.

I tried to get in touch with Captain Henry Kerby but was told he had died of heart failure. We all have to die sooner or later of heart failure, but men who oppose the bankers have a tendency to die rather sooner than later."

Tapestry

"Hitler was an idiot but even he worked out he didn't need central bankers."

[The Tap Blog 24 April 2011]

Tapestry

"The book by Irslinger also reveals that the American War Of Independence was also over central banking. The States issued their own money until Britain banned it. Benjamin Franklin tried to persuade the Brits to relent and ended up being murdered."

[The Tap Blog 24 April 2011]