Contrary to popular belief banks do not shell out 9X what they have in what at least we know as currency. The central premise behind the claims in movies like zeitgist are flawed. They try to mix the different types of money together.
Im not for central banking per say but banks do not loan out moneys on deposit. They are a liability. Not an asset. Each commercial bank has a "second tier" money deposited in the central bank. The central banks job is to shuttle the deposits between the banks as their reserves get stronger or weaker. If they run out of money, that is if the consumers pull more money out of the commercial banks than they have in reserve the central bank either contracts credit making money harder to get or prints more "second tier money" There are actually four tiers but I wont get into that for the sake of trying to keep it simple.
COMMERCIAL banks do Not make loans on deposits because deposits are not assets to a bank.
Now the bad part about central banking is that if the Central bank prints more money (they just print electronically out of thin air) The value of the dollar (tier 1) money goes down. So it takes more of our money to buy the things we need and creates a hidden tax. Thats the part I dont like.
I got sucked into zeigist and the money masters and all that a year or so ago. then I relied on real research instead of a bunch of you tube videos and found out the truth.
Complete waste of time.
You want to beat the banks? Join a credit Union. If everyone did that it would de centralize the whole system and it would fail. (tier II and up) but the tier I money would remain intact.
The venus project is such a bunch of pie in the sky baloney I wanted to puke. I already figured out in His Utopia someone would come along and create a "convenience "market with credits and debits and ruin the whole thing.
If you want to get into the whole conspiracy thing at least try to make some money off of it.
I do like the money masters guy and his theory about controlling supply of a debt free money. It makes the most sense. the reason that is rejected is that you cant make money controlling the supply of it. bANKS MAKE A KILLING OFF THESE SWAPS AND LOANS. they are not going to give that up even if we print tens trillion more dollars of debt.
Im not for central banking per say but banks do not loan out moneys on deposit. They are a liability. Not an asset. Each commercial bank has a "second tier" money deposited in the central bank. The central banks job is to shuttle the deposits between the banks as their reserves get stronger or weaker. If they run out of money, that is if the consumers pull more money out of the commercial banks than they have in reserve the central bank either contracts credit making money harder to get or prints more "second tier money" There are actually four tiers but I wont get into that for the sake of trying to keep it simple.
COMMERCIAL banks do Not make loans on deposits because deposits are not assets to a bank.
Now the bad part about central banking is that if the Central bank prints more money (they just print electronically out of thin air) The value of the dollar (tier 1) money goes down. So it takes more of our money to buy the things we need and creates a hidden tax. Thats the part I dont like.
I got sucked into zeigist and the money masters and all that a year or so ago. then I relied on real research instead of a bunch of you tube videos and found out the truth.
Complete waste of time.
You want to beat the banks? Join a credit Union. If everyone did that it would de centralize the whole system and it would fail. (tier II and up) but the tier I money would remain intact.
The venus project is such a bunch of pie in the sky baloney I wanted to puke. I already figured out in His Utopia someone would come along and create a "convenience "market with credits and debits and ruin the whole thing.
If you want to get into the whole conspiracy thing at least try to make some money off of it.
I do like the money masters guy and his theory about controlling supply of a debt free money. It makes the most sense. the reason that is rejected is that you cant make money controlling the supply of it. bANKS MAKE A KILLING OFF THESE SWAPS AND LOANS. they are not going to give that up even if we print tens trillion more dollars of debt.
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