Arjay, you are quick to ask ridiculous questions...

>>OK you two bimbos try and explain how it is good to have human productivity and inflationary money being expressed as debt by private banks.<<

Since the question itself doesn't make any sense, being just a piece of conspiracy-nut verbiage, it is hardly surprising that you don't get any answers. In fact, I'm willing to bet that you yourself haven't a clue what your question actually means. That's what happens when you just cut'n'paste someone else's ramblings.

Meanwhile, you don't even attempt a response to the basic questions that are put to you.

But please, prove me wrong.

You waffle on about debt. So tell us:

If all those debts were repaid, in full, tomorrow, where would the money go?

And if the money hadn't been lent out in the first place, what would have been the impact on our economy?

Unless and until you make the effort to understand, just a little bit, the workings of our economy, you are doomed to continue to write rubbish.

>>A beer and hamburger could be bought in 1970 for 25 cents. Today these same two products are well over $5.00.<<

So tell me, how long did you have to work in 1970 to earn enough to buy a hamburger? And how long today?

I'll give you a clue: Average weekly earnings in 1970 were around $75...

As for this, you are so, so naive...

>>Vladmir Putin and Russia knows what's happening. His advice is to get your money out of all Western owned banks immediately<<

Think about it for a moment. Why have all those Russian oligarchs chosen to hide their money offshore in the first place? And what will happen to that money once it is repatriated into Russia?

Classic.

Here is the UK Parliament debate on money creation.http://www.youtube.com/watch?v=EBSlSUIT-KM
Michael Meader notes that 97% of their money is created as debt.31% goes into the domestic property markets,20% goes into Commercial Property, 32% goes into the financial sector for speculation and less than 17% goes into real business growth and innovation.

Wonder why our economies are totally stuffed when markets are totally distorted by this monopolised system of debt money creation ?

I doubt you understood more than one word in fifty of that debate, Arjay.

>>Michael Meader notes that 97% of their money is created as debt.<<

The gentleman in question is Michael Meacher. The fact that you cannot even get his name right does not augur well for your comprehension of his words, which were:

"In effect, the banks have a virtual monopoly — about 97% — over domestic credit creation, so they determine how money is allocated across the economy."

This is patently not the same thing as "97% of their money is created as debt".

http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm141120/debtext/141120-0001.htm#14112048000001

You would do well to note how the discussion ended, too.

"I would like to leave my final words with Richard Cobden, the Member representing Stockport back in the time when this was also a big issue. He said: 'I hold all idea of regulating the currency to be an absurdity; the very terms of regulating the currency…I look upon to be an absurdity'. The currency, for him, 'should be regulated by the trade and commerce of the world.' I wholeheartedly agree."

It is really good that you are taking an interest in the real world for a change, Arjay. It would be even better if you understood just a teensy bit of what you are reading.

"Regulating currency as an absurdity?" The entire market is rigged and monopolised by the likes of the Rothschilds. The pollies are owned by the Bankers since they create all the money for the pollies to have this power over us.

They know this system has collapsed and this debate on money creation was done to placate the masses.

I'm suspicious of what Russia and China are doing with the BRICS Development Bank. Are they going to be the new king makers like the Rothschilds, or are they doing secret deals to share the power? One criticism of the CEC I have is that they are too eager to follow the BRICS without knowing what the rules are.

Money creation should stem from Govts that represent the people and not a few self appointed individuals who have abused their powers.