The Monetary System

[cityfanlee23]

Surprised you had time to reply considering you aren't very "time rich"...

 

Was up at 5.30am and I'm still working now, Currently building a website, so I'm very much infront of a PC, after 11 hours of doing this I think I'm entitled to go on foxestalk and discuss something so important, thanks 

Any other comments?

[ozleicester]

Socialism 

 

Alternatively, make sure you dont buy into the media and banking driven world of brands and consumerism.

 

I highly recommend reading/watching Noam Chomsky and Naomi Klein.

[cityfanlee23]

Socialism

Alternatively, make sure you dont buy into the media and banking driven world of brands and consumerism.

I highly recommend reading/watching Noam Chomsky and Naomi Klein.

I'll have a look oz, personally don't think socialism is the answer though, I'm open to the idea of a government controlled monetary system, it would control a hell of a lot of today's poverty issues if massive profits from banks were pushed back into society rather than creamed off the top, but I think there are too many flaws in socialism for it to work in such a competitive global market effectively, to be honest I don't think you can run the country on a far left or far right ground, in today's world I think we need a more centrist view in order to be competitive with everyone, whilst still holding those left social morals, very difficult balance!

One thing I hate seeing, is how the Zionist regime is brainwashing politicians into the most regressive policies I've ever seen,

For example Cameron,

He gets £55m funding from hedge funds, he gives hedge funds tax breaks saving them £155m in tax... Whilst he harps on about saving money and cutting tax credits to the poorest workers.. Who are the very ones affected by this regressive system, and the very ones who are doing what they are told and being good sheep, by going to work every day for a wage controlled by the monetary system... To pay their rent/mortgage which has been falsely pushed up by the monetary system..

If we are so strapped for cash, that we desperately need to hit the poorest in our country, how can you justify tax breaks like that, or the inheritance tax break to the richest people in the country? Sickening.

I voted conservative, I did NOT vote for lies, unfortunately given the choice again between David Cameron and Ed milliband, id still reluctantly choose Cameron.

[Webbo]

Zionist?! Oh dear.

[cityfanlee23]

Zionist?! Oh dear.

You're not open to the idea Zionism exists in the capitalist world?

The rothschilds are zionists.

[Webbo]

Obviously Zionism exists but there isn't a Jewish conspiracy running the world.

[cityfanlee23]

Obviously Zionism exists but there isn't a Jewish conspiracy running the world.

Zionism is not the Jewish people.

The rothschilds are zionists the fact they are Jewish is nothing to do with it,

Zionism is a political movement that started in Israel,

world banks are controlled by zionists, Zionism was founded and funded by the Rothschild family.

Nothing against Jewish people at all, they could be Christian zionists, doesn't really make a difference.

[SMX11]

I'm sorry but one of the main issues is the manipulation of interest rates by central banks which always performs its role with the interests of the government. Socialism and the welfare state is one of the reasons why there has been a mass expansion of credit since the end of Bretton Woods. It has allowed the goverment 'turn the wheel' instead of cutting government spending. Hence we have such a debt issue.

Free banking with a default 100% reserve with the option of lending at risk is required. No government backed bail outs, no depositor guarantees etc. That will force the banks to actually understand what they do and take a genuine risk assessment. If they fail, they fail no socialising the losses.

[cityfanlee23]

Completely respect why you mention it though, Jewish people are wrongly branded zionist because of the few zionists that happen to be jewish, As mentioned the same sort of comparison could be compared to German/Nazi or even Muslim/Extremist comparisons.

[Jon the Hat]

Perhaps someone can explain to me why they think fractional reserve banking creates money from thin air?  I always thought it was pretty fundamental to the availability of capital to businesses and individuals, and has led us from a system where the wealthy owned everything to one where we can borrow and fund our homes and businesses.

[ozleicester]

I'll have a look oz, personally don't think socialism is the answer though, I'm open to the idea of a government controlled monetary system, it would control a hell of a lot of today's poverty issues if massive profits from banks were pushed back into society rather than creamed off the top, but I think there are too many flaws in socialism for it to work in such a competitive global market effectively, to be honest I don't think you can run the country on a far left or far right ground, in today's world I think we need a more centrist view in order to be competitive with everyone, whilst still holding those left social morals, very difficult balance!

One thing I hate seeing, is how the Zionist regime is brainwashing politicians into the most regressive policies I've ever seen,

For example Cameron,

He gets £55m funding from hedge funds, he gives hedge funds tax breaks saving them £155m in tax... Whilst he harps on about saving money and cutting tax credits to the poorest workers.. Who are the very ones affected by this regressive system, and the very ones who are doing what they are told and being good sheep, by going to work every day for a wage controlled by the monetary system... To pay their rent/mortgage which has been falsely pushed up by the monetary system..

If we are so strapped for cash, that we desperately need to hit the poorest in our country, how can you justify tax breaks like that, or the inheritance tax break to the richest people in the country? Sickening.

I voted conservative, I did NOT vote for lies, unfortunately given the choice again between David Cameron and Ed milliband, id still reluctantly choose Cameron.

 

To be fair, if youve voted conservative and will again...you are coming at things from a very confused perspective.

 

If you are saying all these things and not a Corbyn supporter (to be fair i dont know a lot about him except a very brief coverage here in OZ)  then i dont understand your thinking at all.

[cityfanlee23]

I'm sorry but one of the main issues is the manipulation of interest rates by central banks which always performs its role with the interests of the government. Socialism and the welfare state is one of the reasons why there has been a mass expansion of credit since the end of Bretton Woods. It has allowed the goverment 'turn the wheel' instead of cutting government spending. Hence we have such a debt issue.

Free banking with a default 100% reserve with the option of lending at risk is required. No government backed bail outs, no depositor guarantees etc. That will force the banks to actually understand what they do and take a genuine risk assessment. If they fail, they fail no socialising the losses.

 

This is the direction I'm heading towards as an alternative, Can't remember what MP said it, but she mentioned "Not throwing the baby out with the bath water" once we establish new measures, the banks are free, they are a business like everyone elses, without the fraud.

[ozleicester]

Perhaps someone can explain to me why they think fractional reserve banking creates money from thin air?  I always thought it was pretty fundamental to the availability of capital to businesses and individuals, and has led us from a system where the wealthy owned everything to one where we can borrow and fund our homes and businesses.

 

Does this explain it?

 

The ‘quantitative easing’ (QE) program will begin in March, and involves the printing of more than €1 trillion (A$1.4 trillion) over the next 20 months, which will go into the purchase of European government bonds, at a rate of €60 billion a month.

 

http://thenewdaily.com.au/money/2015/01/23/money-printing-begins-europe/

[cityfanlee23]

To be fair, if youve voted conservative and will again...you are coming at things from a very confused perspective.

 

If you are saying all these things and not a Corbyn supporter (to be fair i dont know a lot about him except a very brief coverage here in OZ)  then i dont understand your thinking at all.

 

I won't vote conservative again if these basic lies keep happening, Obviously I did not vote conservatives on lies.

What I mean is, even with what I know now, Theres no way I could go back in time and vote labour when Milliband was in charge, and there are many problems with corbyn and why I don't think I could ever vote for him, which is another debate for another day, 

But even if I wanted too, he is not going to control money creation from private banks, so he would not fix the issues in this thread with regard private banking.

[Jon the Hat]

Does this explain it?

 

The ‘quantitative easing’ (QE) program will begin in March, and involves the printing of more than €1 trillion (A$1.4 trillion) over the next 20 months, which will go into the purchase of European government bonds, at a rate of €60 billion a month.

 

http://thenewdaily.com.au/money/2015/01/23/money-printing-begins-europe/

 

What does that have to do with fractional reserve banking?

 

To be fair this is not really my area of expertise, so bear with me.  I think you are pointing out that if you move money around a FRB system a few times you get a multiplier effect.  Fair point.  This is however Central bank manipulation rather than the system itself.

[Buce]

Two questions, Lee:

What is your understanding of Zionism?

How does that relate to your topic?

[cityfanlee23]

Perhaps someone can explain to me why they think fractional reserve banking creates money from thin air?  I always thought it was pretty fundamental to the availability of capital to businesses and individuals, and has led us from a system where the wealthy owned everything to one where we can borrow and fund our homes and businesses.

 

Not sure I grasped your question but if it's the fractional reserve system you wanted explaining, It's easier just to tag a video, The fractional reserve system is explained from 6.45 onwards.

 

 

when Private banks create money, it's just a digital accountancy input, in which they just type the numbers in from nothing, 83% of this money does not go towards productive investment like business loans (which account to 8% of money created)

The vast majority is pumped into markets like housing (they lower interest rates and create huge loans from mortgages) creating a housing bubble like 2008.

 

Investing into housing is okay, but banks are too greedy and are not regulated, meaning they create far too much money, too quickly, which creates bubbles, and causes huge financial meltdowns. 

 

in the decade leading up to the 2008 crash, The treasury/bank of england, created £18bn

In that same timeframe, Private banks created £1.2trillion out of nothing. 

 

Which means current UK debt is 900% of our GDP including household debts, no country has ever survived this level of debt so far. 

[cityfanlee23]

Two questions, Lee:

What is your understanding of Zionism?

Relatively modest at present, but learning more, open to opinions.

How does that relate to your topic?

How is it not when the rothschilds (zionists) run world banks?

 

[Buce]

Two questions, Lee:

What is your understanding of Zionism?

Relatively modest at present, but learning more, open to opinions.

How does that relate to your topic?

How is it not when the rothschilds (zionists) run world banks?

Here is how Zionism is defined:

http://www.thefreedictionary.com/Zionism

The Rothschilds are lots of things besides being bankers and Zionists - to link the two is like saying vegetarians seek World domination, because Hitler was a vegetarian.

[cityfanlee23]

What I'll add @@Buce is that getting into Zionism is obviously very thin ice, because of the conspiracy surrounding zionism, and i'm trying not to get sucked into the whole

"zionists funded ww1/ww2"

"zionists caused 9/11" stuff, Trying to be as open minded as possible on a very broad subject, but one thing I do know is that zionists (not the jewish people in general) have manipulated their way into complete control over world banking, and in a world run by money, it's pretty powerful (and corrupt)

[cityfanlee23]

Here is how Zionism is defined:

http://www.thefreedictionary.com/Zionism

The Rothschilds are lots of things besides being bankers and Zionists - to link the two is like saying vegetarians seek World domination, because Hitler was a vegetarian.

 

 

Exactly, see above comment. Not trying to get into the conspiracy's etc just to try and throw opinion about, but the FACT is that the rothchilds effectively are the most powerful family on earth as we know it, and have huge control over our lives through money, the effectively control it in different ways, It's a huge subject, I'm probably more knowledgeable to the ins/outs than the average person because I've actively gone out to study it, but in terms of the grand scheme, i'm in no way an expert on it, so don't want to get into accusations on specific events, but they do control the banks, the same banks that are fraudulently putting millions into poverty.

[Buce]

Exactly, see above comment. Not trying to get into the conspiracy's etc just to try and throw opinion about, but the FACT is that the rothchilds effectively are the most powerful family on earth as we know it, and have huge control over our lives through money, the effectively control it in different ways, It's a huge subject, I'm probably more knowledgeable to the ins/outs than the average person because I've actively gone out to study it, but in terms of the grand scheme, i'm in no way an expert on it, so don't want to get into accusations on specific events, but they do control the banks, the same banks that are fraudulently putting millions into poverty.

It's a shame that you had to mention it at all. You actually began this thread with some thought-provoking ideas, but by descending into the 'Zionist Plot' arguement (then admitting that you only have a 'moderate understanding' of what that even is) you lost all credibility. You can distance yourself from the 'World-ran-by-international-Jewry' conspiracy all you like, but it is now apparent what kind of websites you've used to 'broaden your understanding'.

Your views are just thinly disguised anti-semitism.

[cityfanlee23]

It's a shame that you had to mention it at all. You actually began this thread with some thought-provoking ideas, but by descending into the 'Zionist Plot' arguement (then admitting that you only have a 'moderate understanding' of what that even is) you lost all credibility. You can distance yourself from the 'World-ran-by-international-Jewry' conspiracy all you like, but it is now apparent what kind of websites you've used to 'broaden your understanding'.

Your views are just thinly disguised anti-semitism.

 

@@Buce 

 

Whoah, calm down..... 

It's not a "zionist plot" that the Rothschild are Zionists is it, it's my opinion and in my opinion, is proven, unless you can show otherwise? 

It's also not a conspiracy theory that the monetary system controls our daily lives.

 

"'World-ran-by-international-Jewry' conspiracy all you like"   Not at any single point did I mention "Jews" That was another poster who mentioned Jewish people, to which I distanced myself from the Jewish people and openly separated Zionists and Jewish people, so please do not make incorrect statements like that, I clearly stated they are seperate and I do not link the 2 just because Zionists are typically Jewish. 

 

So by the fact you say that I lose all credibility by using the word "Zionist" 

Are you denying that Zionism exists? Are you denying that The Rothschilds are zionists?

It's pretty public knowledge rather than a "conspiracy theory" if you look back in history.

 

Therefore mentioning it does not lose credibility unless you would like to prove otherwise?

I'm not anti-semetic in the slightest. so don't accuse me of it. I've seperated the jewish people from Zionists completely, Zionism is political, Judaism is a religion, so please don't try to twist my words, I did not mention the word "Jew" Somebody else brought it up when I mentioned the political group "Zionists"

They are completely seperate in my opinion.

 

Just as much as I do not call Germans "Nazis" and I do not call Muslims "terrorists" 

They are COMPLETELY separate entities. I made that VERY clear. So once again do not twist my words. 

 

If you felt it was thinly failed anti-semitism, this post clears this up. IT. IS. NOT.

 

So no, it is not apparant what sources I am using to broaden my understanding, and I'd like to point out, you sitting on the other side of the fence just claiming I clearly don't know what i'm talking about, without actually giving any information to show why I am wrong, has absolutely no credibility. 

 

The fact I mentioned Zionism does not detract from the FACT, that whether the monetary system is controlled by Zionists or not, It currently does not work, and impoverishes millions to push wealth to the few, So the Zionism subject within the discussion does not take credibility away from this thread in which I'm trying to see if people have any alternative systems to talk about. 

 

Please do not twist my words on a subject as serious as this. I did not mention Jewish people at all when I mentioned Zionists, and I very clearly stated they are not linked. Just as much as the German/Nazi or Muslim/Extremist comparison. 

[cityfanlee23]

I absolutely stand by my comment, that the Rothschild's run/control the workings of world banks, This is Absolutely true. It's been proven many many times, Unless you'd like to prove otherwise. History absolutely proves this.

 

My opinion on whether they are "Zionists" or not, is my opinion, and up for discussion, it does not take credibility from the fact our Monetary system does not work for the many, it works for the few, which was the primary point of this thread.

[cityfanlee23]

Obviously Zionism is typically defined as you quoted earlier, but I do not believe that. 

Zionists are a small tiny fraction of the Jewish people.

 

Jewish people are the Victims of the few Zionists.