After 300 yrs of counterfeiting our money criminals likes the Rothschilds have almost total control of our Govts. How is it the least productive of so called free markets have to be saved at the cost of our total economy have almost no money to function? The markets are not free but controlled by these criminals using derivatives.

Bill Still reports that the UK Parliament will debate money creation for the first time in 170 years. This will be a closed shop the bank owned media won't report on.

http://www.paulcraigroberts.org/2014/11/14/global-house-cards-paul-craig-roberts/ The ex assistant secretary to the US Treasury knows the truth. It is a Global house of cards held up by faith and little productivity.

People should know the truth about their plans to steal from the public because they have too much faith in MSM who give us a litany of lies,deceptions and omitions.

Henny penny, the sky is falling!

Arjay the global house of cards hypothesis is a myth. The ¥ has fallen not because of QE but because of the trade imbalance caused by energy imports since they shut their nuclear power stations down.

BTW derivatives give rather less control than you might imagine. You lose a lot of money very quickly if you use them to take the market where it's not already going.

Arjay is right, but----
Step back a bit; In 2012 the G20/IMF body called Financial Stability Board acted for
the first time when it seized about most of the deposit money of the two Cyprus banks.
The money was used to pay out holders of Greek Government Bonds purchased through
the Cyprus Banks. The Cyprus government bank received the left overs and the Cyprus
private bank was left bankrupt and its shares were given to the deposit holders.

This happened in December 2012. In February 2013 the G20 met in St Petersburg and
agreed on the process the FSB should use in future. Wayne Swann signed Australia up
to the agreement.
Later in 2013 a Portuguese bank, called Banco Espírito Santo was also raided by the FSB.

The Brisbane G20 was scheduled to affirm the agreement and cross a few Ts and dot a few Is.
As I said before the G20, you won't hear a whisper about this.
Despite what some say this is different as depositors have had their priority changed.
What I have not heard is do depositors rate above shareholders anymore ?

An amusing sidebar, depending on your perspective, is that the Russian Oligarchs,
who had lots of money invested in Cyprus, got wind of what was going to happen.
In the night they went into the Moscow Branches of the Cyprus banks and using the
computers there withdrew their funds.

Oh well never get between the Russian oligarchs and their money.

Pericles said;
>>As a depositor you are defined by the bank as an unsecured lender<<

Yes, I agree but my understanding is under the new agreement the depositor is the first
to be seized and bond holders and perhaps shareholders take first dips.
This is why interest rates were low because our risk was considered low.
Perhaps the banks should now put a few more percent onto deposit rates.
Haa hummmm, I think not !

Aiden said;
the ridiculous claim that Barnaby Joyce was right about Australia's debt.

Hmmm well Barnaby was right after all.
As he said, "Manage your debt or your debt will manage you !"