TOPIC THE CURRENT MONETARY SYSTEM: PRIVATELY ISSUED MONEY.

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Presentation transcript:

TOPIC THE CURRENT MONETARY SYSTEM: PRIVATELY ISSUED MONEY

THE CURRENT MONETARY SYSTEM is PRIVATE

PRIVATE commercial banks create bank credit….. which functions as money but is DEBT.

PRIVATE COMMERCIAL BANKS – Do not lend your deposits to borrowers NO DEPOSITSLOANS

IT IS THE EXACT OPPOSITE !!!

A borrower signs a loan contract, and the BANK CREATES A DEPOSIT in the borrower’s account LOANS CREATE DEPOSITS

OUR MONEY IS CREATED WHEN WE GO INTO DEBT… TO PRIVATE BANKS….

TOPIC THE PRIVATE FEDERAL RESERVE SYSTEM AND THE BOOM AND BUST CYCLE

THE FEDERAL RESERVE BANKING BILL - PASSED BY CONGRESS IN SECRETLY WRITTEN BY BANKERS IN 1910 NEW YORK FEDERAL RESERVE BANK BANK OF AMERICA CITIGROUP J.P.MORGAN CHASE DEUTSCHE BANK GOLDMAN SACHS HSBC UBS ETC. PRIVATE Federal Reserve Bank: PRIVATE member commercial banks:

BANK GETS CUSTOMER GETS LOAN CONTRACT for $20,000 + $20,000 DEPOSIT BORROWER will find $20,000 added to his account ….. #1 Commercial banks create our MONEY SUPPLY from LOANS

#2 INTEREST ? BANK’S ASSET CUSTOMER’S ACCOUNT LOAN CONTRACT for $20,000 + $20,000 DEPOSIT

INTEREST -- COMES FROM EXISTING MONEY SUPPLY… MONEY SUPPLY Principal DEBTS TO BE PAID Principal + Interest DEMAND SUPPLY

BANK’S ASSET LOAN ACCOUNT LOAN CONTRACT EXPIRES $0.00 PRINCIPAL disappears #3 WHEN A LOAN IS PAID OFF….. 30, INTEREST INCOME INTEREST remains with bank

BANK’S ASSET LOAN ACCOUNT LOAN CONTRACT EXPIRES $0.00 PRINCIPAL disappears #4 WHEN A BORROWER DEFAULTS….. Bank gets COLLATERAL to sell

MONEY SUPPLY BALLOONS…. WHEN BANK LOANS (DEBT) INCREASES MONEY SUPPLY STOCK MARKET BUBBLE MORTGAGE BUBBLE – 2004+

MONEY SUPPLY SHRINKS…. WHEN LOANS ARE PAID OFF OR DEFAULT MONEY SUPPLY GREAT DEPRESSION GREAT RECESSION 2008+

EXPANDING MONEY SUPPLY BUY, BUY, BUY Prices UP More bank loans THE BOOM AND BUST MONETARY CYCLE COLLAPSING MONEY SUPPLY SELL, SELL, SELL Prices FALLING Bankruptcy, foreclosure, unemployment Buy assets cheap

THE ‘BUSINESS CYCLE’……. IS A BANK CREDIT CREATION CYCLE, creating instability for all citizens benefiting the few

OUR COUNTRY DOES NOT HAVE A STABLE MONEY SUPPLY WE ARE AT THE MERCY OF PRIVATE BANKS

TOPIC INJUSTICE: PRIVATELY ISSUED CREDIT MONEY “ whoever controls the money system, over time will control the nation”

GOVERNMENT DEBT $16.7 TRILLION DEBT

HOMELESSNESS UNEMPLOYMENT BUSINESS BANKRUPTCIES ASSET CONFISCATION BOOM & BUST CONCENTRATES WEALTH

INTEREST PRIVATE BANKS PRODUCTION DISTRIBUTION HOUSEHOLDS LABOR RETAILERS INTEREST CONCENTRATES WEALTH INTEREST GOVERNMENT DEBT INTEREST

LOANS GOLDMAN, CITIBANK, MORGAN CHASE, BOA, ETC. HEDGE FUNDS DERIVATIVES TRADING CURRENCY TRADERS STOCK, BOND MARKETS THE POWER OF PRIVATE BANKS TO DECIDE WHO GETS LOANS….. CONCENTRATES WEALTH IN THE FINANCIAL SECTOR – NOT WHERE THE JOBS ARE SECURITIZATION CMO, MBS, ABS, etc

FUNDS PRIVATELY- ISSUED MONEY WRITING LAWS PACS CONCENTRATION OF CONTROL: EDUCATION, WAR, MEDIA, ELECTIONS, GOVERNMENT MEDIA OWNERSHIP LOBBYISTS UNIVERSITIES ELECTIONS COURTS (CITIZENS’ UNITED) WAR, SECURITY STATE

PRIVATELY-ISSUED MONEY KEEPS EVERYONE IN DEBT STUDENT DEBT$ 1.0 TRILLION CREDIT CARD DEBT$.8 TRILLION MORTGAGE DEBT$ 13.0 TRILLION CORPORATE DEBT$ 8.7 TRILLION STATE, LOCAL GOVT DEBT$ 3.0 TRILLION FEDERAL GOVT DEBT$ 16.4 TRILLION TOTAL PRIVATE, CORP, GOVERNMENT DEBT $ 42.9 TRILLION

SOLUTION: Government-issued money INDESTRUCTIBLE INTEREST-FREE SPENT FOR THE MANY PROVEN TO WORK FROM OUR NATION’S HISTORY

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