TOPIC THE CURRENT MONETARY SYSTEM: PRIVATELY ISSUED MONEY
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TOPIC
THE CURRENT MONETARY SYSTEM:
PRIVATELY ISSUED MONEY
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THE CURRENT MONETARY SYSTEMis PRIVATE
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PRIVATE commercial bankscreate bank credit…..
which functions as moneybut is DEBT.
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PRIVATE COMMERCIAL BANKS –Do not lend your deposits to borrowers
NODEPOSITS LOANS
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IT IS THE EXACT OPPOSITE !!!
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A borrower signs a loan contract,and the BANK CREATES A DEPOSIT
in the borrower’s account
LOANS CREATE DEPOSITS
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OUR MONEY IS CREATED
WHEN WE GO INTO DEBT…TO PRIVATE BANKS….
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TOPIC
THE PRIVATE FEDERAL RESERVE SYSTEM
AND
THE BOOM AND BUST CYCLE
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THE FEDERAL RESERVE BANKING BILL- PASSED BY CONGRESS IN 1913
-SECRETLY WRITTEN BY BANKERS IN 1910
NEW YORK FEDERAL RESERVE BANK
BANK OFAMERICA
CITIGROUP J.P.MORGANCHASE
DEUTSCHE BANK
GOLDMAN SACHS
HSBC UBS ETC.
PRIVATE Federal Reserve Bank:
PRIVATE member commercial banks:
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BANK GETS CUSTOMER GETS
LOAN CONTRACTfor $20,000
+ $20,000DEPOSIT
BORROWER will find $20,000 added to his account …..
#1 Commercial banks create our MONEY SUPPLY from LOANS
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#2 INTEREST ?BANK’S ASSET
CUSTOMER’SACCOUNT
LOAN CONTRACTfor $20,000
+ $20,000DEPOSIT
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INTEREST -- COMES FROM EXISTING MONEY SUPPLY…
MONEY SUPPLY
Principal
DEBTS TO BE PAID
Principal + Interest
DEMAND SUPPLY
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BANK’S ASSET
LOAN ACCOUNT
LOAN CONTRACTEXPIRES
$0.00 PRINCIPAL disappears
#3 WHEN A LOAN IS PAID OFF…..
30,000.00INTERESTINCOME
INTEREST remains with bank
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BANK’S ASSET
LOAN ACCOUNT
LOAN CONTRACTEXPIRES
$0.00 PRINCIPAL disappears
#4 WHEN A BORROWER DEFAULTS…..
Bank getsCOLLATERALto sell
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MONEY SUPPLY BALLOONS….WHEN BANK LOANS (DEBT) INCREASES
MONEY SUPPLY MONEY SUPPLY
STOCK MARKET BUBBLE - 1920+MORTGAGE BUBBLE – 2004+
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MONEY SUPPLY SHRINKS….WHEN LOANS ARE PAID OFF OR DEFAULT
MONEY SUPPLY
MONEY SUPPLY
GREAT DEPRESSION 1930+GREAT RECESSION 2008+
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EXPANDING MONEY SUPPLY
BUY, BUY, BUYPrices UPMore bank loans
THE BOOM AND BUST MONETARY CYCLECOLLAPSING MONEY SUPPLY
SELL, SELL, SELLPrices FALLING Bankruptcy, foreclosure, unemploymentBuy assets cheap
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THE ‘BUSINESS CYCLE’……. IS A BANK CREDIT CREATION CYCLE,
creating instability for all citizens benefiting the few
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OUR COUNTRY DOES NOT HAVEA STABLE MONEY SUPPLYWE ARE AT THE MERCY OF PRIVATE BANKS
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TOPIC
INJUSTICE:PRIVATELY ISSUED
CREDIT MONEY
“whoever controls the money system, over time will control the
nation”
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GOVERNMENT DEBT
$16.7 TRILLION DEBT
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• HOMELESSNESS• UNEMPLOYMENT• BUSINESS BANKRUPTCIES
ASSET CONFISCATION
BOOM & BUST CONCENTRATES WEALTH
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INTEREST
INTERESTPRIVATEBANKS
PRODUCTIONDISTRIBUTION
HOUSEHOLDS
LABOR
RETAILERS
INTEREST CONCENTRATES WEALTH
INTEREST
INTEREST
GOVERNMENTDEBT
INTE
REST
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LOANSGOLDMAN, CITIBANK, MORGAN
CHASE, BOA, ETC.
HEDGE FUNDS
DERIVATIVESTRADING
1980+
CURRENCYTRADERS STOCK, BOND
MARKETS
THE POWER OF PRIVATE BANKS TO DECIDE WHO GETS LOANS…..
CONCENTRATES WEALTH IN THE FINANCIAL SECTOR –
NOT WHERE THE JOBS ARE
SECURITIZATIONCMO, MBS, ABS, etc.
1990+
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FUNDS
PRIVATELY-ISSUEDMONEY
WRITING LAWSPACS
CONCENTRATION OF CONTROL: EDUCATION, WAR, MEDIA, ELECTIONS,
GOVERNMENT
MEDIA OWNERSHIP
LOBBYISTS
UNIVERSITIES
ELECTIONSCOURTS
(CITIZENS’ UNITED)
WAR,SECURITY STATE
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PRIVATELY-ISSUED MONEY KEEPS
EVERYONE IN DEBTSTUDENT DEBT $ 1.0 TRILLIONCREDIT CARD DEBT $ .8 TRILLIONMORTGAGE DEBT $ 13.0 TRILLIONCORPORATE DEBT $ 8.7 TRILLIONSTATE, LOCAL GOVT DEBT $ 3.0 TRILLIONFEDERAL GOVT DEBT $ 16.4 TRILLION TOTAL PRIVATE, CORP, GOVERNMENT DEBT
$ 42.9 TRILLION
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SOLUTION: Government-issued money
• INDESTRUCTIBLE
• INTEREST-FREE
• SPENT FOR THE MANY
• PROVEN TO WORK FROM OUR NATION’S HISTORY
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