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.

Just a thought.
Given that with computers we can now totally control, organise, and distribute enough actual products to feed, clothe, and house the whole population of the world, why exactly do we even NEED money anymore?
The single excuse offered for virtually every problem we now face is the "expense" of the solutions, why not dump the entire Capitalist system, no more Poor, no more Wealthy, just a whole bunch of happy monkeys!
Other than history and greed, I can't think of a single justification for it's existence nowadays, can you?

Yabby,now that I have some time{instead of having to rush ot attend business matters] I'll give you a lesson in proportions.The US economy has a GDP of $15 trillion.Their growth rate has been about 3.5%.This means that the US Fed Res gets to make gross $50.25 billion and give $30 billion to the Govt thus keeping over $20 billion for themselves.In addition to this they make billions more on loaning over inflated money to the other banks and the US govt for such things as arms to fight the Iraq and Afghanistan wars.Oil is involved in both countries.They are building a pipeline through Afghanistan to access oil from the countries above it.Who benefits?The large corporates and the banks who loan to them.Who pays? Mostly the poor tax payer.

Belly,rise above ad hominem attacks and contribute something constructive.

Beware the "New World Order" of which many leaders now make reference to,since this will be a World Govt of Global Corporates which the Banksters see themselves being at the apex.It will have nothing to do with democracy.They are trying to achieve this by eventually owning a global currency.

The Euro is own by the Global banking system and they are trying to bring in the Amero for the North American Union.Why did not England go for the Euro?It was because the Rothschilds already owned the Bank of England and the pound;and they weren't going to share it with other powerful banks.

So the Unions Belly,need to raise the ire above the horizion of their immediate narrow Public Service power base and look towards the greater good.

Arjay, you too can read what the Federal Reserve does, why
it was formed and who gets what and why, by simply reading
up the details on Wickipedia:

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

Sorry, I am not into your world of conspiracy theories.

But believe whatever you will, the religious do no different.

Yabby,Wikipedia wrongly classifys the US Fed Res as a quasi Govt body. This is entirely false.They area group of 12 private banks that have have only have Govt members on their board.The Fed cannot be audited.Presently there is $8 trillion unaccounted for.

The US tax payer is bailing out these thieves and they are not loaning to the lesser banks thus stifling the real economy.They are buying up the under valued assets with tax payers money and they have created this very window of opportunity for themselves.Log onto US Congressman Ron Paul.He is a conservative polly who has begun a movement to "End the Fed"

Yabby,do yourself a favour and view the movie.

yeah banking [lol]
its the chump change in this matter
you think you hold super?
or do you think your super holds shares?
guess again sukker, your super holds a promise
how valid that promise is is debatable

this is quite interesting to say the least.....

I found this article realting to 55, Water Street, NY.

It is the home of the Depository Trust & Clearing Corporation, which according to this article was reporting to be holding a staggering $23 TRILLION in assets back in 2002.

what their scam is [is just like the trading of gold certificates in days gone by...[they trade a promise of shares]no one gets the real share[see the picture yet?]

how about the gold certificates you trade [do you know everyday 3 times more gold certificates get traded than all the gold ever mined [get the picture?]

your super holds paper promises[and still your pumping your weekly cash fix into em[so they can buy paper]

never even heard of it before today
it's potentially the most valuable corporation on the planet
but owned by the same mob that stole our gold and silver[the privatly owned fed]

The article can be found here:

http://ming.tv/flemming2.php/__show_article/_a000010-000923.htm

The web is a wonderful thing
little wonder it gets shut down ....anyday now lol

Arjay, ok so you think that Wickipedia have it all wrong and that
you know better. Fair enough.

This URL might answer some of your questions:

http://www.geocities.com/CapitolHill/Embassy/1154/flaherty.html

Ron Paul stood for office and clearly the American people,
Barack Obama and the rest of the US Govt don't agree with him,
he remains a conservative oddball outcast.

But apparently Pat Robertson supports him, not exactly a
recommendation in my book lol.

If the American people are being ripped off as you claim, they
are free to vote for candidates who want the Fed abolished.
But then Paul wants to abolish the FBI, the CIA, the Dept of
Health and most other Govt institutions as well.

If you enjoy conspiracy theories, just go to Utube. Just like
Dagget, who is seemingly conviced that the US Govt was involved
in 911. I really can't help you guys and discussion becomes
pretty pointless.

Yabby do yourself another favour.Go to youtube and view the controlled demolition of building 7 which was not included in the joke of an inquiry of 9/11.There are both engineers and scientists who say the only explanation of this collapse was a controlled explosion.No planes were involved.There was only 5 hrs from the time of impact of the planes into the towers for explosives to be planted into building 7.It was not only physically impossible but the authorities deny this and have no explanation for it's collapse.

You have not done your homework Yabby.The really big cons don't have to be covered up Yabby,since they are hidden by your incredulity.They wouldn't dare!Would they?

Arjay, Maximillion and One under god, There is a good thread going on conspiracy theories. Maybe you should compare your posts on this thread with some of these assessments. Would be interested to hear where you think you sit in relation to these? Yabby has some good points, are you up to listening or even learning?

I know there is, I started it, lol, but I fail to see the connection twixt my advocacy of abandoning money altogether and conspiracy theories, real or illusory, Oh Revolving Medico.