I seem to have gained quite a few new readers since the last elections. For this I am very grateful!I thought I would celebrate this with a repost of two animation videos which taught me a great deal about our money system.
Max Keiser, the other day, stated: We don’t live in a Capitalist system which is based on savings and investing those savings in wealth producing enterprises (his version of Capitalism). We live in a Debtism system, a system based on fiat money creation leveraged and re-hypothicated time time and again and used to buy up real world wealth transferring that wealth from the 99% to the 1%.
You might think that this is just some far fetched conspiracy theory but here is what the bank of England has to say about it’s money creation process:
Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.
What this means is that if you borrow money to buy say a house you don’t borrow money earned by other people put in the bank to earn some interest with. You borrow money created out of thin air and you are expected to pay interest on that money created out of thin air!
I urge you to watch these two video’s, They are simple easy to understand videos explaining how money is created and how it is used by the bankers to rob us blind.
Money as debt I
Money as debt II