otonoko<<If the principal doesn't belong to the bank,then who does it belong to?>>think of banks as getting a franchise from the fed..[the franchise holder,[banker]..is acting as an agent for the fed,..who in exchange for holding the mortgauge document..creates the credit..[by a simple book acounting..upon the reciept of the asset]

<<Banks borrow money.>>and the return money back to the fed..[to begin a bank you need to lodge a credit with the fed..[arround 50,000 cash that gives you a line of credit with the fed of say 500,000,to lend,for ursury in fiat dollars..the fed holds exclusive rights to issue for

see its their fiat..[to lend and get repaid by

[think of it as hair..[i borrow your hair..[but can only repay with YOUR hair]..its the same thing with the fed fiat-money..[we need to repay in the same fiat-money we borrowed]..the fed alone controls who gets it..and for how much intrest/ursury

<<Banks don't just conjure up money every time someone takes out a mortgage. They borrow it.>>FROM THE FEDERAL RESERVE..[or occasionally borrow it from an other fed]..all feds are owned by 12 banks..[but via crossholdings the banks are mainly controled by rothchild and a few others

the british bank was..'bought/in part created'..with a stick..[that is the longest legal-tender we ever had..[one stick..[with notches indicating tax paid to the king,..bought a one third share of the bank of england..

the fed bankers,..who lend to banks and govt's do as they chose..to whoever they chose..[they change the exchange rate as suits them..[they set intrest/ rates..give to..or take credit from..who-soever they chose..

[they control the franchise reaping their total control over govt or business according to whatever whim they chose]

they control the issue of money..[all money]..its their franchise..[we must repay in their money or default our debt]..meaning they keep our securities..[our collateral]..our homes business, investments,shares

think of it as their hair..in exchange for our labor/sweat equity

[we must work to get their hair..to pay them back in their legal tender..[their hair]..their species,..their fiat tender..

we must get it from them..[and them alone..[no one elses hair/legal tender..will do]..its a great exclusive franchise

Otokonoto, "Banks just don't conjure money into existence every time they loan out money,they borrow it." True,for the small retail banks this is correct.For the Global Reserve Banks they can virtually please themselves.The IMF has just created $1.4 trillion[ $1.4 million X million] which they had the audacity to call cyber money.They only had one fourteenth of this in gold reserves.This repesented over $200.00 for every person on the planet.It was created in a computer,not borrowed and now loaned out to various banks.To people in poor countries,$200.00 is a lot of money.The average worker on China can live on this for almost a month.

The fractional reserve system allows banks to create 9 times the money they have in reserves,this is why we need a tax on it to reduce inflation and stop the theft of your money.Paedaphilia has been happening for centuries,but that does not make it right.The Banksters have been doing this fo 300 yrs,it still does not make it right.How is it that the least productive institutions on the planet make the most profit even in hard times such as these?

Pericles refuses to acknowledge this reality because there are many in the banking and finance industry who profit from this legalised slight of hand which amounts to theft.Why do you think we now have a rapidly shrinking middle class and more poverty even in developed nations?

Arjay, having a mission to bash the banking system is all very laudable. But you mustn't mistake enthusiasm for accuracy.

>>Money itself has no intrinsic value... it was originally just a medium of exchange and store of wealth<<

It still is. We have over the years become more inventive how we conduct purely monetary exercises, but the fundamentals haven't changed.

>the cost of a beer has gone from 25C to $5.00 in 39 yrs... This represents a 2000% increase in the money supply above productivity or population increase<<

What you don't explain is why this, in and of itself, is a problem. After all, wages have also risen over the same period. And if you were to use a different commodity as your yardstick - say, sugar - you would find that the purchasing power of that dollar is actually far higher today than it was 39 years ago.

A proportion of the improved standard of living that we have experienced in those 39 years has undoubtedly been through our willingness to place ourselves in debt. Not only as individuals, but through our acceptance that debt is an instrument that companies use to expand their businesses.

This has not in any way subverted or changed the use of money in any way. The problem, as I mentioned before, is when the debt cannot be repaid, and the value in the transaction is destroyed.

You seem to be proposing a world without debt. From a purely ideological viewpoint this may seem virtuous - even biblical - but largely impractical.

Certainly, as a solution to our present concerns, it is a complete non-starter.

>>Pericles refuses to acknowledge this reality...<<

If you mean, I disagree with you, you are quite correct.

>>...because there are many in the banking and finance industry who profit from this legalised slight of hand which amounts to theft.Why do you think we now have a rapidly shrinking middle class and more poverty even in developed nations?<<

Conspiracy theories, you should be aware, generally turn out to be no more than the manifestation of a form of mild paranoia.

Alex Jones clearly explains who is to blame for the world’s financial problems...Media analysts try to place blame on free market capitalism or the greedy middle class.

However,the blame lies solely on the fraudulent Federal Reserve system.This quasi government corporation prints money out of thin air (at interest to us taxpayers),manipulating interest rates,devaluing currencies,and creating artificial boom and bust cycles.

The people need to understand how this system operates and stop complying with our own slavery.

http://www.youtube.com/watch?v=3Ku5u6X6LmM

Congressman Ron Paul is attracting a lot of attention for his proposal to audit the Federal Reserve bank,..the independent financial powerhouse that creates and regulates our money.
http://www.prisonplanet.com/rep-pauls-bill-to-audit-federal-reserve-nets-165-co-sponsors.html
the problem
http://www.prisonplanet.com/bilderberg-fears-losing-control-in-chaos-plagued-world.html
http://www.prisonplanet.com/bilderberg-wants-global-department-of-health-global-treasury.html
http://www.prisonplanet.com/vips-at-secret-summit.html
http://whatreallyhappened.com/WRHARTICLES/badgovernment.php
their cure[natzi youth]
http://www.prisonplanet.com/government-readies-youth-corps-to-take-on-vets.html
http://www.prisonplanet.com/town-halls-hire-citizen-snoopers-as-young-as-seven-to-spy-on-neighbours-and-report-wrongs.html
http://www.prisonplanet.com/childrens-database-launched.html
http://www.opednews.com/articles/Paying-To-Subjugate-Yourse-by-Jon-Faulkner-090516-91.html
http://www.thaindian.com/newsportal/south-asia/us-journo-claims-bhutto-was-killed-on-cheneys-orders_100194038.html
http://whitewraithe.wordpress.com/2008/11/06/benjamin-freedman-the-hidden-tyranny/
http://www.telegraph.co.uk/news/newstopics/politics/lawandorder/5332884/ID-cards-taxman-allowed-access-to-personal-data.html
http://www.globalresearch.ca/index.php?context=viewArticle&code=COO20090517&articleId=13646

It is generally considered poor online etiquette, oug, to fill your post with URLs without any clarification as to what, exactly, we are digging into.

However, I did notice on this occasion that the preponderance of your references pointed to a single web site, prisonplanet.com, so I took a quick peek.

Wow.

If you spend any length of time dredging through that site, oug, it is pretty certain that you will suffer some form of mental disconnect with the world at some point. So be very, very careful.

Any site that emphasises a link like this...

"CANCER CONSPIRACY? Are "they" suppressing the cure? Will YOU be the next victim? Learn the Secret Truth! - READ FULL STORY"

...can rot your brain. And that's no secret.

Or this cracker...

"Daniel Estulin, whose information from inside Bilderberg has routinely proven accurate, states that the global elite’s plan to completely destroy the economy and ultimately lower global population by two thirds..."

Conspiracy theories are two-a-penny on the web, of course, so there's no particular surprises here. Except that this site seems to be some sort of gathering place for them. A watering-hole, perhaps, where weird notions come together of an evening to graze. Where the global elite mix easily with the Illuminati, and Obama's New World Order is on first-name terms with seven-year-old "citizen snoopers".

It's brilliant.

I've added it to my favourites. Right next to xkcd.

thankyou for your in depth research perecules,..lol...i will remember your comments next time i hear..whiter than white with new enzime omo on your ever so reliable..lol...frree to air news program

its funny you do such indepth research..yet fail to refut or rebut the actual link ..as is usual in topic such as this..[rebut the messenger or the source]..because you cant refute the info

dosnt it become clear that your making no rebuttal..[means you couldnt rebut the info on the link...[yet needed to make some response,..thus chose ridicule of the messenger..,not the message

but responding to your OFF TOPIC TROLL..if the advert dosnt cure cancer i suggest you sue them..and clean up big time for suing them for dis-info..

[as this hasnt occured maybe there is a cure for cancer..[that dosnt need docters killing us with their drugs..[and radioactivity]..docters are doing quite nicely..getting the estates of those they murder,..its very proffitable not finding a cure,,,lol

i hear a guy in wa is using radio-waves to kill cancer..[another electrolisis he gives for free...just because you havnt done the research dont mean its not true..

[only last night i heard of a common weed..[called radium weed]..that cures skin cancer..[with only two applications]...so i call you even on your ridicule..[as reflecting your ignorance..[revealing your mind to be closed]

...but im responding to your off topic troll
because you cant rebut the actual info at the link..

please feel free to refute the facts,...correct the message at the link..,not ridicule the messenger...[because you cant refute the fact]