“Essential viewing on money and the banking system. Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today’s magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand.
“When banks extend loans to their customers, they CREATE money by crediting their customers’ accounts.” – Sir Mervyn King, Speech to the South Wales Chamber of Commerce at The Millennium Centre, Cardiff on 23rd October 2012
For further evidence of this in the UK please visit the Bank of England website, who also in a “brief history of banknotes”, explain this.
As quoted from this history:
“Britain finally left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold.”. Question is, WHAT securities?”
Next time you hear the media reporting benefit/welfare fraud or handouts, remember this and join up some dots.
“This stunning news clip from New Zealand TV station ‘Seven Sharp’ confirms the revelations shared by ‘The Money Masters’ and other such pioneering thinkers and researchers who have long sought to bring forward the truth about how money works. The is as stunning as it is simple: whenever you apply for a loan or a mortgage THE BANK YOU APPLIED TO CREATES THE MONEY OUT OF NOTHING. It is not lent to you from the banks’ holdings, it is not borrowed from other accounts. It simply is entered into a bank account digitally and from that day forth you are contractually responsible for paying back the created money PLUS all the interest that accrues. This fiat currency is destroying the confidence, trust, and agreements that we hold with one another and with merchants on a daily basis by corrupting the medium of exchange that we all collectively agree to use.”
The History of the Banking System & How Banks Control the World
Kiwi investors don’t realise their deposits are no longer guaranteed
Oct 19, 2014 Bernard Hickey from the NZ Herald writes here on the ‘unseen risks of a fiscal haircut’. Most New Zealanders are not aware of the Open Bank Resolution….
Do you think the money you have in a bank term deposit is Government guaranteed? If so, you’re wrong, but you’re not alone.
A survey for the Financial Markets Authority by Colmar Brunton and published during Money Week found 52 per cent believed the money in a bank term deposit was guaranteed.
To be fair, during the global financial crisis, these deposits were guaranteed, from October 2008 to December 2011. Banks paid for the privilege, but that scheme is over now. So what would happen if a bank fell over? Would the taxpayers of New Zealand make sure you got all your money back?
The simple answer is we don’t know for sure. READ FULL ARTICLE
Australia First to Introduce a Compulsory Tax on Money Itself … a warning
18 May 2015 This signals a warning to folks with money in the bank. Banks are not averse to trimming your accounts as they already did in Greece. That was the Open Bank Resolution (OBR). When their poor practices fail it is you the customer who tends to be paying for theirmistakes. Educate yourself and be warned. Here your savings will be taxed.
“The new compulsory control is provided in the 2015 Australian budget, so that everyone who has any savings must pay taxes on their savings. The measure is expected to serve as a global test balloon for Europe and North America, who will watch for the outcome in Australia. If there is no massive resistance of Australian savers, the rest of the world should expect this outright confiscation very rapidly…”
Read the full article at http://armstrongeconomics.com/archives/30158
From Stuff.co.nz by Richard Meadows : “A banking insider says some New Zealand banks made up to $1.5 million a day manipulating inter-bank interest rates.
The anonymous source says there was widespread rigging of the benchmark inter-bank BKBM rate, mirroring Europe’s Libor (London Inter-bank Offered Rate) scandal that rocked markets worldwide.
He says he wanted to blow the whistle on what he claimed may be the biggest and longest-running financial scam in New Zealand history.
Sources claim manipulation in New Zealand dated from the 1990s…