see http://secretofoz.com/ and down load the documentary.
L Frank Baum the author of the "Wizard of Oz" was apparently had deep insights into economics and who should create the new money each year as our economies grow.Throughout US history money creation has seesawed between Govt and private banks.It was the depression of the 1890's that inspired Baum to write the Wizard of Oz.

Those who controlled the gold wanted it to be the currency,but others wanted more freely available silver to be the currency thus providing more liquidity.In Baum's book, Dorothy's slippers were silver and the yellow brick road represented the gold of the elites.The Scarecrow represented the farmer and Tinman the factory worker.The Wicked Witches if the East and West represented the two major banking interests.The last to join the group was the Cowardly Lion representing Willam Jennings Bryan who ceased being the leader of the silver movement.

Currently Aust has a GDP of $1.4 trillion or $127,000 for every working person.Our money supply due to GDP + inflation,increases each year by $8,500 per working person.The RBA in 08/09 paid the Aust Govt a dividend just $500 per working person.The other $8,000 was created by the private banks.Now our private banks under the present rules cannot create all this money,thus have borrow from the Global Resverve banks who create it in their computers.What's wrong with our computers?

The US Federal Reserve ( Private group of banks) is about to create another $ trillion for stimulus.Some of this money will seek safer havens,thus inflating property values here and pushing up interest rates.

All new money should be created by our Govts as a tax credit,and not as debt.

Oh God, that's gold .. 'cuse the pun. Haven't had a laugh like that for a long time. Cheers.

What was Humpty Dumpty all about?

humpty-dumpty..was about fence/sitting
sadly it fails to report..
if he landed on the right-side..[of the wall]
or the left...

but as all the kings whoreses..and all the 'kings-men'..
couldnt..put hurmphry-humpties..dumpty..back to-gether again
it will link-up to when the bankers stole the fed-reserve..from..hrh/govt-control..eventually

yes..the stories..get out there regarding..the veil..of the vile..doing their evils...humour..or poetry..is but one way

i recall..the black-death..symptoms..were poetised
ring-a ring-a rosie..was about the rosie-red/ring[symptom]..
leading..to black-death...that was soon..followed by atissue/atissue[sneezing]..then the finale..we all fall down..[die]

the wizard...of oz...note the use..of a shortening for ounce
was egsactly as has been reported...but then its so much worse

govts should create..their own values...
for the value..of their own currency
we have lost..our own gold/currency..long-ago
lost our silver..currency..in 1966

lost our copper-coin-age..in [the eaerly/ninties]
even lost paper..and now deal in plastic..soon..in cyber credits

and the bad/thing about that..is as revealed..
its all created..on the books..run by criminals
who actually..lend govt..their own..money.credit..AT intrest[ursury]

so govt needs to tax the people..via a lie..called..income-tax..on the workers-wages..[see wages..isnt..income..;income comes via proffit..with no added value[work]

se histry..proves,,that giving the bankers/control
meant..begging/them for our own money..[at ursury]
worse..it meant..bankers got control of the fed/reserves..of gold/silver/copper..

which..they leased to their fellow/member bankers..for 44.dollars..44cents..an oz...which they promtly..converted..into more credit..by selling..on the market...giving them a nice-wind/fall

and as they run..the fed..they never are expected to return..it
but it was stolen..from us all...then they charge-us ursury/bankfees
then govt underwrites,,their losses...gives them bail-outs

all on the strength..of talk..[gobbildy-gook]..like that of the queen..of hearts..[legaleaze/sleaze]..or spin...as we know-it

where things mean..what the judge says it means
see cioorerations..means persons..persons pay tax..not people

people arnt/persons
income..isnt wages
the transport-act..regulates transport
[not people but drivers[driving for money...in vehicles..a vehicle..is that/which transports/goods services..for income]

i know its all gobbildy-gook..to you
think of the crimes exposed..in a simple childrens story

how can you ever know
but beggining..to read the truth

seek and you will find

If the website is inaccessible here is the direct youtube link.
http://www.youtube.com/watch?v=D22TlYA8F2E

UOG,There is a revolution emerging in the USA.They will either go to war and chaos or bring about a new enlightened era of prosperity.The only time we see Jesus go into a rage is when he threw the money changers out of the temple.

The basic question is; Who owns our productivity?Under this present syetem the banks via the creation of new money do and loan it back to us as debt.This system stiffles real productivity and more importantly our quality of life.We have to re-assess our priorities and bring about change which is far more equitable.

Greed, Greed, Greeeeedy. Australia! Do not follow the US under any circumstances!( not that we have much choice )

Watch as the capitalists fall and bring us all down one by one, and all will go down with them.

Too many people!
http://www.youtube.com/watch?v=_eyFiClAzq8

YOU were warned.

TTM

Open your eyes.

http://www.youtube.com/watch?v=RQbzRRu-WpY

http://www.mahalo.com/overpopulation

http://thebrokeronline.net/en/Magazine/letters-to-the-editor/Overpopulation-the-unspeakable-taboo

Again! you were warned.

TTM

http://www.youtube.com/watch?v=HhuQfxHBTzg

http://www.youtube.com/watch?v=-GRzatTQEgQ

http://www.youtube.com/watch?v=B498dbsireA

And you think you are smart?

LOL Fools.

TTM>

I keep trying, Arjay, in the hope that one day you will realize that you need to think for yourself a little more.

>>The basic question is; Who owns our productivity?Under this present syetem the banks via the creation of new money do and loan it back to us as debt.This system stiffles real productivity and more importantly our quality of life.<<

Not one of these sentences makes any sense at all.

We own our productivity. If we weren't productive, we would starve.

The Banks lend us the money that we ask them for, and that we commit to repay.

They create the money for us by themselves going into debt, and promising to repay, in their turn. A brake on this system is the limit on the ratio of loans to capital, that they all must observe. Another is the interest rate, that either boosts or restrains lending, through its effect on the borrower.

In what universe is that defined as "loaning it back to us as debt"?

And far from stifling real productivity, the money is used to expand the economy through productive enterprises that employ people, and pay them the wages that support other businesses and families.

I really cannot see what your problem is. Except that you do not understand the first principles of economic reality.

Pericles,The world does not revolve around your twisted logic.

Banks produce nothing of tangible worth.They are merely agents for money and have no right to create that which not theirs.Banks will not go out of business.They will still make handsome profits but will not be allowed to pervert our economies by having absolute power.

I guess the question should be Perciles.

Why should the elected representative body of the Australian public or of any sovereign people for that matter, not be allowed to create money at no interest to itself as was the case when the country was founded? Or as was the case in America some 4 or five times throughout its history? I mean why does our government have to borrow from a private corporation? It didn't have to in earlier times, what's changed?

From my limited understanding of complex economics, America's debt is now so great that it can't even keep up with the interest repayments on the trillions it owes. As it tries for another American express credit card to pay the last one it just digs itself deeper and deeper into debt, when in the past it created it's own money interest free which saw it become the worlds largest and most powerful economy on the planet.

What hold do these private corporations have over our parliaments?

I understand your frustration with Ajays videos, I take them with a grain of salt myself. Fiat money BAD, Hmmmm GOLD good. Hmmm GOLD Money BAD, SILVER Money Good. Hmm SILVER BAD, Fiat Money GOOD! But they do speak some interesting truths and raise some valid questions?

Rawmustard.There is a silent revolution germinating in the USA with Ron Paul with Peter Schiff are leading the way.Paul in the past favoured supporting currencies with gold but in this doco Peter Schiff and Bill Still are saying fiat currencies can work when produced by Govt if regulated properly.We have to reform not only the banking system but our system of Govt.There is no accountability.Both Govt and the large corps are destroying our productivity.We've never had so much technology/energy yet a billion people around the planet are starving.

These Global reserve banks have too much power.They have over the decades raped economies by creating too much fiat money,then restrict the supply of money,which crash our economies.They then buy up our assets for cents on the dollar.Just a whisper in a pollies ear and they cringe in fear.These banks have interests in all the large mineral,energy,pharmaceutical,arms manufacturing inductries etc around the planet.This is why they are pushing for wars where all the energy/minerals exists.Iran is the next big prize.

You'll note that Iceland has declined the offer to join Europe and use the Euro.They just want to get it into more debt.

Make no mistake,this is the biggest issue of our time and we have the power to change it.We need to bring back all the States Banks that used to fund our infrastructure and have a new Federal Govt owned bank.

As I said before ,if the private banks can generate money in their comupters to equal increases in GDP + inflation,what's wrong with our computers?They only have this higher authority by virtue of being bullies.

If we don't act,then this depression will only deepen and they'll have us fight more wars.

Don't forget to view this very perceptive doco and tell your friends to become aware.

Still trying to make sense of it all I see, Arjay.

>>Banks produce nothing of tangible worth.<<

That's strange, because when they started to crumble - some of them collapsed - under the pressure of all those dodgy loans, people started to suffer. If they hadn't been producing anything of tangible worth, no-one would have noticed if they all disappeared, right?

>>They are merely agents for money and have no right to create that which not theirs.<<

The money that they bring into being via lending to their customers, is used by the customer. The Bank has a definite right to be repaid, of course, so the loans appear as assets on their balance sheet.

On the other side of the balance sheet is a liability - they in turn have had to borrow the money which they lend to the customer. The limits on this are that they need to maintain a particular level of Tier One capital to support the loans that they make.

Is this starting to become clearer, Arjay?

>>Banks will not go out of business<<

Ah, but they do.

http://forexcare.net/biggest-bank-failures-history/

And there is a fairly simple answer to your question, RawMustard, if I understand it correctly.

>>...why does our government have to borrow from a private corporation? It didn't have to in earlier times, what's changed?<<

Printing money has proved itself to be a dangerous move. Governments who have done so in the past have learnt this from experience. Borrowing is still not a "good thing", but is the lesser evil of the two.

Because the act of borrowing does imply some form of discipline, although this may not be immediately apparent. You can be sure that the Banks who have been bailing out Greece, for example, will expect to be repaid at some point.

"To bail out the indebted Greek economy, several central banks including the Greek central bank and the ECB had bought billions of dollars worth of Greek government debt."

http://economicstudies.co.cc/financial-crisis/greek-financial-crisis-the-greek-crisis-pushes-up-the-dollar/

Greece knows that it needs to avoid printing money, so it goes more deeply into debt.

Pericles,We both know it is not only who generates the new money for GDP and inflation,it is all about balance.The US Federal Reserve has been totally criminal and self serving.They created the GFC and will again put rates through the roof to destroy our economies.They are about to conjure up another $ trillion in their computers and loan it out at interest to the US people.They are an utter disgrace.First of all they steal by inflating a currency, then have the audacity to loan stolen money back to the worker.As a result our RBA today announced that it would increase rates because some of their money will come here inflating our assests.Who pays? Those on mortages who can least afford it.Who benefits? The big end of town.More and more theft!

The lack of interest on this topic by people on OLO shows me we have many who are bereft of basic economic principals.Even well educated people fail to understand the most simple of concepts.

I don't think it is a lack of understanding on your behalf Pericles, but more about immediate self interest.

So, tell me Arjay.

>>As a result our RBA today announced that it would increase rates<<

Do you actually understand why the RBA is contemplating an increase in interest rates?

I'll give you a clue. The reason they will lift interest rates is to discourage - yes, discourage - excessive borrowing.

If you can get your head around that concept, then you are halfway there.

Not many people are borrowing.NSW has been in a recession for a long time.The real reason Pericles for the RBA pushing up rates is to take up the excessive counterfeit money created by the US Federal Reserve.Some of it comes here inflating our asset values.The fed is about ot create another 4trillion of phoney money.So wrap your brain that reality.

We always have much higher rates here since the big end of town keep pumping our economy dry.They've been doing this for decades.

Thought so.

Me: "Do you actually understand why the RBA is contemplating an increase in interest rates?"

Arjay: "Not many people are borrowing... The real reason Pericles for the RBA pushing up rates is to take up the excessive counterfeit money created by the US Federal Reserve"

But Arjay, who will "take up" the money, if "Not many people are borrowing."?

Try thinking it through again.

Here's a short excerpt from "All the President's Men" to help you along:

"Deep Throat: Follow the money.

Bob Woodward: What do you mean? Where?

Deep Throat: Oh, I can't tell you that.

Bob Woodward: But you could tell me that.

Deep Throat: No, I have to do this my way. You tell me what you know, and I'll confirm. I'll keep you in the right direction if I can, but that's all. Just... follow the money."

If you "follow the money", Arjay, you too will find economic enlightenment, just as surely as Woodward and Bernstein skewered Nixon.