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.