*Those who produce this new money own this new production*

Arjay, Pericles and I have been over and over and over this one
with you, but frankly its like talking to a brick wall, you just
don't get it. You clearly never will, yet your obsessive fetish
remains. There is no more that I can do for you, sorry.

Banks increase the money supply by lending out money which they
have borrowed, minus reserves. It is the same money that was there
in the first place, going around and around. Banks do not magically
produce money from nowhere, only reserve banks can do that and their
profits go to the Govt.

You are free not to use banks. Borrow off your mate down the road
or whoever you like. I am not free not to pay taxes.

You too Arjay, can obtain a banking license and comply with all the
rules. It is a free and open market. Most Govt agencies have
no competition.

WTF?

Time for some honesty everyone.

The truth of the matter is that if you live in Australia you certainly have your snout well and truly in the trough.

By an accident of birth or just good luck we all get a share of the mining and agricultural profits that we get by flogging stuff off to others.

Everything else that happens – a business venture, say, selling furniture or a public service job or a bogan bonus or anything else is just the way we choose to get our snout into that trough.

So much of Australian politics is about how much time we get to spend at the trough.
The Aussie battler is a pig bloated with his or her share of the national wealth.

As fat and as privileged as we are some of us look around at other piggies and complain that they are fatter than us and therefore life is so unfair.

The lottery of life has rolled us all 6 winning numbers – enjoy it while it lasts.

Poor old Squeersy :)

//Don't you ever get sick of the same mind-numbing mantra---squawk squawk squawk!//

Hmm well there you go...I thought the 'prize' for mantra saying went to the left?

"Religion is the opiate of the masses" etc.
"We must TAX the rich.. and utopia will ensue"

Sorry squeersy..I gave you the facts on that issue.. tax the rich and the rich move to Florida or Bermuda or somewhere.

I suppose you could always erect another 'wall' to keep them in the country eh ? :)

Tax the rich and they will simply 'stop' pouring their creative energy into anything which could make money...because the Socialists removed the incentive.

"BUT" you say... "they are wrongly motivated.. greedy bastards, only thinking of themselves"

Well..in some cases.. it's true. In fact.. just like socialist union leaders looking after themselves and their fat exhorbitant pay packets.. true there too.

That's why that 'opiate' explains human behavior in these words "All have sinned" In fact the first 3 chapters of Romans goes to great lengths to point out that very fact.

Sin is the problem and Christ and his forgiveness and renewal is the answer. "Believe it..or not"

Yabby and Pericles say that banks should be sole creaters of new money in our economies.Money has no intrinsic worth.Money represents human endeavour and potential.If a select few are able to own this potential and endeavour by the mere power of creating it in their computers,then we as a society have a serious inequity that neeeds addressing.

If you cannot see this Yabby,then either your synapses are not connecting,or you truely believe that greed and priviedge is good to the detriment of the common good.

Arjay, yet again. Money is a means of exchange.

Banks do not create it from nothing, unless they are reserve banks,
acting on behalf of their Govts. Profits from this endevour, go
to the Govt, thus the taxpayer.

Let me put it to you another way Arjay, in the hope that it might
just sink in, but its only hope, I doubt it.

If banks could not lend out the money that is deposited with them,
as you suggest, then banks would pay you nothing to store your
money, in fact they would charge you a hefty feed to guard your
money. Your savings would sit there losing value, due to bank
charges. It costs banks a substantial amount to have that young
lady there smiling at you, when you want to do a transaction. You
would pay the full cost, as banks could not recover it elsewhere.

You would be losing all along, but that has not yet dawned on you.

*Sin is the problem and Christ and his forgiveness and renewal is the answer. "Believe it..or not"*

Ah Boaz, I thought of you earlier on. CNBC had a programme called
"American Greed" where 4000 Christians were fleeced, as they
believed. 21$ million this time.

http://en.wikipedia.org/wiki/Miracle_cars_scam

So it seems that your believers are clearly a pretty gullible
lot.