UOG ,Yabby,Pericles and many others in the finance industry have a vested interest in keeping the present status quo.The banks steal wealth from the people via creating money,and the share and finance industry play their games of chance with easy money.It is just a giant ponzi scheme,of derivatives,futures that feeds off it's own momentum and becomes detached from real productivity.

We have to focus attention on the private banks taking from society and not giving enough back.By starving the real economy they are actually decreasing productivity since the vast amjority of people are too busy just surviving,rather then being able to create their own capital and more importantly further their education.Education does not have to be formal with bits of paper bearing witness.Education is living and experiencing life.

Dear Leigh and KMB,

Having lived and worked in the United States
for over 10 years - I managed to observe
American politics at work. So its not simply
from the media that I obtained my knowledge
of American politics.

And by the way KMB - you've left off Stalin,
Hitler, Pol Pot, Castro, Attila The Hun,
Mao, and other leaders of infamy in history,
all of whom would have had an
influence on the current US President's
education. Along with Constitutional Law,
which is his area of expertise.

That's what is considered as part and parcel of
a person's tertiary education - especially in
preparation for Leadership.

I doubt if these
historical characters would have featured in
Sarah Palin's Local newspaper - which she admitted
was all she's ever read. John McCain doesn't read
anything at all - but he's rather fond of computer
games, I believe.

A typically inaccurate statement Arjay.

>>...Pericles and many others in the finance industry have a vested interest in keeping the present status quo<<

I am not, and never have been, in the finance industry. Not in any part of it. Ever.

So there goes another simplistic Arjay theory. Kaput.

>>The banks steal wealth from the people via creating money<<

The Banks lend people money. They borrow, in order to do so. It is a fact of life that won't change just because you can't understand it, Arjay.

>>It is just a giant ponzi scheme,of derivatives,futures that feeds off it's own momentum and becomes detached from real productivity<<

If you were to leave out the bit about Ponzi schemes, which are quite specific in their nature, you would not be too far from the truth. One of the major contributing factors to the series of recent US banking collapses was - along with self-serving Ratings Agencies and a sprinkling of abstruse mathematics - indeed the distance between the original loan, and its final "packaging".

None of the steps in between was necessarily illegal, by the way. Merely incautious.

>>By starving the real economy they are actually decreasing productivity...<<

First you want them not to lend, now you accuse them of withholding money from the economy. Which do you see as the greater evil, Arjay?

Have you actually bothered to study any of this yet? It's really very interesting.

And you don't have to be in the finance industry to understand it.

But Arjay, you must face the fact that you already have a "vested interest in keeping the present status quo", whether you like it or not.

It's the only game in town.

*fed reserve SYSTEMor rather the system within the system that takes the cream well before treasury gets any intrest*

UOG, so how do you know that the cream is being removed. How much and
by whom? Any evidence for your claim?

You seem to be confusing the Board of Governors and the Federal
Advisory Council. The Board of Governors are each appointed by
the President, subject to confirmation by the Senate.

My information comes from an 875 page Economics textbook, which
originated from the University bookshop. Its called "Economics"
Fourth edition, by Roger N Waud, published in 1989.

Arjay, Australian banks work on about a 2% spread, between what
they pay and what they charge on loans. Any losses have to be
paid from that, when clients default, so that is not unreasonable.

Banks make up nearly a third of the ASX and their major shareholders
are Super Funds, so most bank profits in fact land up in Super Fund
accounts like yours, even if you are not aware of it. If you have
a Super Fund account, then you too are an indirect owner of Australian
banks.

But hey this is all no fun, best we invent another conspiracy theory!

Perricles for the vast majority of Australians their living standards are lower than 40 yrs ago.Only the top 20% are better off.

Do you think that in your wildest dreams that giviing the power to a private group of banks to create money from nothing,is good for the well being of any society? If you think that this is a positive for the collective good,then you are really suffering from serious delusions.

No organistion that does not represent the collective well being should be given such powers.This is why I came up with the concept of a National Monetary Fund that is elected by the people and is totally independant of Govt.It can be a source of review as well as creating new indpendant ideas that add to infrastructure and national wealth.

Your wealth is in your people and no amount of inflationary money created by lascivious banking cartels will change that reality.

Just google the phrases "your wealth is in your people" and "monetary porn" and see who pops up.To my surprise others have already thought of "Obamination ". I think for myself.

for gabby ..the organisation of the fed-reserves system..[plus 125]..[board of goveners..[7]...appointed by the president]

who then form the fed..[open-market commity]..that means the 7 plus 5 nominated by the 12 fed reserve BANK presidents...each of the 12 FED RESErVE banks..[controling the opperating the 25 branches]..

[each branch has 9 directors..controling 3.400 other banks..with their own boards/diectors etc..

who elect the 9 diectors running the fed reserve banks...the member banks..[3,400 of em eating the cream..elect 3 class a..[3 class b..[3 class c, diectors making 9 directors heading the 12 fed reserve banks operating the 25 branches..each with their own cream lickers..[and 9 additional offices]...do the numbers..only 7 apointed by any form of govt..[1000's appointed by bankers]

the 9 diectors of the 25 branches..of each federal-reserve..appoint..[ie not the president of usa]..12 members to the federal advisery council..[one from each regonal district]..as well as appoint a/fed president..[and fed/vice pres..

noting the fed/vice president must be approved by the presidents seven[who also approve the saleries of the officers and employees of the 12 fed reserves controling the 25 branches

[the federal advisery council..also ADVISES the board of goveners..[and the board of 9 from each of the 12 fed reserve banks appoint the fed reserve banks president..[who appoints 5 of the 12 on the fed open market commitie]

anyhow excluding the individual bank boards..[3,400]..the imediate fed reserve admin system alone..has 9 times twelve[108]..directors..just overseeing the fed reserve banks...the directors of each bank appoint the fed advisery council..[12],..and the fed reserve bank pres..appoints [5]...

without the 7 chosen by obama..bankers are appointing at least 125 of the imediate controling fed/directorship postitions..to obamas 7...

and thats leaving out..the thousands running the boards of the 3,400 franchise holding banks...[thats where the cream goes]...but hell bro do your own research
http://en.wikipedia.org/wiki/Federal_Reserve

i havnt mentioned how they tie in globally..[nor how they run the imf],..the house of settlement,moneymarkets,metals,minerals markets,..food,clothing ,importa exports insurance

nor the global numbers/of all the other fed..reserves..each runing their own cash cow/fed cartel..[their own fiat/cash dispensing scemes]..[at ursury]..under/fed/franchise,..

as well as running ANYTHING/everything their..franchise..fiat money..can buy...gold,silver,oil,land,pride,real-estate,stocks,share's,bonds,securities exchange rates,the worlds industrial complex govt mints,media,law,medicine politics and govt