Day: 31 October 2009

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Bank Fraud

Where is it governments borrow money from? Nowhere at all. Instead, they ask the banks to create money, under license from themselves (the govt) which the banks will agree to as long as the banks are given in return an amount equal to the same amount they create, plus a whole lot more on top too. Governments, elected to serve our interests I’ll remind you, happily agree to this, rendering the electorate and their descendants liable for fulfilling these impossible obligations for centuries. Then those same governments retire and mysteriously surface in comfy retirement as consultants to – amazing, this – banks!
I think those who complain about immigration miss the point. It’s the money problem and the way banks and politicians between them stitch the rest of us up rotten that needs addressing. Many of these immigrants are economic migrants anyway. So will we be soon, I imagine, on our way to the boom economies of China and India with our begging bowls and our lucky heather.

BB

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Narrow Banking, Narrow Thinking

OK, I got it. You have investment banks (casino banks) and you have the kind of banks we typically associate with the High Street where you make deposits and withdrawals and so on. Narrow banking means the two remain separate, see Glass-Steagal, an act bought in after the Great Depression to separate the two banking systems, recently repealed. This has greatly contributed to our current economic woes. If the casino banks are tied up with the high street banks, when the casino banks make a bad bet and they fail, because the’re tied in with our high street banking system they bring the entire economy down with them, hence the expression, too big to fail. Obviously it’s in the communal interest that Glass-Steagal or something similar be reinstated, which is why it won’t happen or even be discussed at any senior level. I keep trying to explain to people that what we live in isn’t run for our benefit any more than a battery farm is run for the benefit of the chickens inside it. Here’s yet more evidence to support my point of view.

BB

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What Exactly Do Our Taxes Pay For?

Watch the average politician talk about the necessity for taxation on the tv and there’ll be lots of hand-wringing and talk of schools and hospitals… nothing about where an increasing amountof it really goes, paying back non-existent ‘loans’ from banks that are really just accounting entries for money they never had in the first place. There’s so much that the average punter will never see or hear discussed or read about in the mainstream media, much of the point of which seems to be no more than misdirection these days. Where would we be without the internet?

BB

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The BNP Economics Policy

The BNP’s Larry Nunn is probably better equipped to articulately explain the BNP’s economics policy (which I understand involves reintroducing full reserve banking and dumping the fractional reserve banking we are now saddled with) than Nick Griffin ever will be. I doubt we’ll be seeing Larry on the telly for precisely that reason. Some elements of banking simply aren’t discussed in the media; not in print, not on air. It’s at least arguable that the whole point of having a prominent BNP figure on a national tv show and then not letting him get a word in about actual BNP policies was to stop him drawing any attention to the existing banking system. It’s a taboo subject. In the media you’ll see nothing but the very briefest of mentions of money being created by banks. If that idea ever got out and became more widely understood I suspect it would mean the end of law and order as we’ve known it. Now I’m familiar with the subject I’d have to say rightly so.
Don’t expect to be seeing The Bill Kruse Show anytime soon either!

BB