See Paul Grignon's movie "Money as Debt" http://www.youtube.com/watch?v=vFb26u9g8

Our creation of money is both inequitible and unsustainable.We have let a few elite Reserve Banks of the world create money from nothing to equal not only the real productivity of businesses and ordinary people,but also to create a perpetual bubble of inflationary money that steals the wealth from ordinary hard working people.It is akin to letting your neighbour steal from you then loaning this money back at interest.

The fractional reserve banking systems allows banks to loan out 9 times the amount of money of which they have in reserve.Since 1970 we have seen the expodentional growth of money as never before seen in our history.We now have a total monetary collapse.Pumping more money into the system was tried in the 1930,s and it just prolonged the depression.The US Federal Reserve is a group of private banks which have precipitated this debacle.They have power over both the major parties both here and in the US.

For a sustainable world economy we must let Govts issue currency and thus reap the profits of owning currency but also make Govts more accountable in terms of limiting empire building and curbing their excesses of waste/corruption.Govts can be made more efficient and accountable if they cannot make their own rules.

The economist that are informing the likes of Obama and Mr Rudd to spend our way of debt are about as clever as our global warming High Priests whose predictions continue to fail. God's Word still proves to be the most useful resource on earth. It makes the 'experts' look very silly.

Money as Debt is a good eye opener to how our money system evolved.

This article from Rolling Stone pegs out the main players in the lead up to the current crisis...and how they managed to pull it off or pull us all down I should say!

http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1

Arjay, I once gave you a Wickepedia link, which showed that any
profits that the Fed makes, are passed back to the US treasury.
In the year quoted it was over 30 billion $, so I am not sure
what your problem is there.

Fact is that much would have been different in the US, if they
actually had regulators which enforced the law.

The head of SEC law enforcement was some grandmotherly type,
who has since resigned her post.

Now take a bloke like Eliot Spitzer. He achieved wonders as
a law enforcer and many large banks were nervous of him, they
coughed up hundreds of millions of dollars in fines.

But the US being such a puritanical nation, when it was revealed
that he hired the odd pro, he was forced to resign.

With those kinds of priorities, no wonder that the US system failed.

Any kind of rational argument would suggest that the SEC should
hire Spitzer and throw in a couple of callgirls a week as a bonus.
Frankly that would be cheap as chips, compared to the disaster
that was created, by poor regulation enforcement.

You cannot legislate for good judgement, just employ people with
aptitude for the job. Their sexual habits should simply not come
into the discussion, in terms of priority.

Yabby $30 billion is nothing compared to the trillions the Fed Res has stolen from the US public.What has sex got to do with it?

Arjay it would have been so much better for you if you had not posted that last post.
It highlights a lack of understanding nearly as deep as runners.