[Dem-Village] Disney land

Alison Banville alisonbanville at yahoo.co.uk
Wed Apr 18 01:12:06 BST 2012

'Except for coins, all of our money is now created as loans advanced by private banking institutions —  including the privately-owned Federal Reserve. (and Bank of England)  Banks create the  principal but not the interest to service their loans. To find the interest,  new loans must continually be taken out, expanding the money supply, inflating  prices — and robbing you of the value of your money. ' Ellen Brown 'Web of Debt' 
'Professor Henry C. K. Liu is an economist who graduated from Harvard and chaired 
a graduate department at UCLA before becoming an investment adviser for 
developing countries. He calls the current monetary scheme a "cruel hoax." When 
we wake up to that fact, he says, our entire economic world view will need to be 
reordered, "just as physics was subject to reordering when man's world view 
changed with the realization that the earth is not stationary nor is it the 
center of the universe." The hoax is that there is virtually no "real" money in 
the system, only debts. Except for coins, which are issued by the government and 
make up only about one one-thousandth of the money supply, the entire U.S. money 
supply now consists of debt to private banks, for money they created with 
accounting entries on their books. It is all done by sleight of hand; and like a 
magician's trick, we have to see it many times before we realize what is going 
on. But when we do, it changes everything. All of history has to be 
rewritten.' Ellen Brown 'Web of Debt' 

'Someone has to borrow every dollar we have in circulation, cash or credit. If 
the Banks create ample synthetic money we are prosperous; if not, we starve. We 
are absolutely without a permanent money system. When one gets a complete grasp 
of the picture, the tragic absurdity of our hopeless position is almost 
incredible, but there it is. It is the most important subject intelligent 
persons can investigate and reflect upon.' Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, 1934
 'Today the debate over who should create the national 
money supply is rarely heard, mainly because few people even realize it is an 
issue. Politicians and economists, along with everybody else, simply assume that 
money is created by the government, and that the "inflation" everybody complains 
about is caused by an out-of-control government running the dollar printing 
presses. The puppeteers working the money machine were more visible in the 1890s 
than they are today, largely because they had not yet succeeded in buying up the 
media and cornering public opinion.'
'The fact that the Banker is allowed to extend credit 
several times his own capital base and that the Banking Cartels, the Central 
Banks, are licensed to issue fresh paper money in exchange for treasury paper, 
[has] provided them with free lunch for eternity. . . . Through a network of anonymous financial spider webbing only a 
handful of global King Bankers own and control it all. . . . Everybody, people, 
enterprise, State and foreign countries, all have become slaves chained to the 
Banker's credit ropes.' 'The Death of Banking' Hans Schicht 
'The federal income tax was instituted specifically to coerce taxpayers to pay 
the interest due to the banks on the federal debt. If the money supply had been 
created by the government rather than borrowed from banks that created it, the 
income tax would have been unnecessary'
'Banks create money. That is what they are for. . The manufacturing process to make money consists of making an entry in a book. 
That is all. . .Each and every time a bank makes a loan . . new bank credit 
is created -- brand new money'  Graham Towers, Governor of the Bank of Canada from  1935 to 1955'
'The general confidence in modern money and monetary judgements is utterly  misplaced; the apparent neutrality of the present financial system is quite  false. Modern money is not a neutral medium; indeed, the way in which money is  currently created gives it a specific nature and serious bias. Modern money  actually operates within its own detached and limited mathematical world. It  projects its own version of 'the facts'; its own version of an economy; its own  reality. It tells us what we can and cannot do; it tells us what we can and  cannot afford. But these amount to demonstrably false, irrelevant and misleading  statements...'

'[W]hen a bank makes a loan, it simply adds to the 
borrower's deposit account in the bank by the amount of the loan. The money is 
not taken from anyone else's deposit; it was not previously paid in to the bank 
by anyone. It's new money, created by the bank for the use of the 
borrower.' Robert B. Anderson, Secretary of the Treasury under Eisenhower  http://www.webofdebt.com/


 From: the sky <skytortoise at aktivix.org>
To: democracyvillage at googlegroups.com 
Sent: Tuesday, 17 April 2012, 23:35
Subject: Re: [Dem-Village] Disney land
On 17 Apr 2012 at 9:22, eddie veggie wrote:

> Money is created as debt with interest and has no intrinsic value,
   ********                                                         *************************

Eddie, I went to the shops today and with money, I bought myself some
food. That gives money intrinsic value. Nearly everyone in the world would 
agree with me. 


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