Learn, learn, learn. Lćra, lćra, lćra.

 

Aftur,   Prosperity - uk

http://jonasg-egi.blog.is/blog/jonasg-egi/entry/1528300/

Egilsstađir, 24.12.2014 Jónas Gunnlaugsson

"An Unlimited Amount of Money

Since the banks got into the housing market in the 1980s, with many building societies demutualising and becoming banks, they have become the major source of mortgages.

As banks are not limited to lending out only the amount deposited with them, but can create as much money as they wish in the form of loans to house-buyers, we now have a situation of an unlimited amount of money chasing a finite housing stock, which is the recipe for inflation. Even with twice as many houses available in the nation’s housing stock, house prices would still soar to the level that would enable the banks to squeeze the maximum amount of profit out of their borrowers.

This problem is particularly acute in London because this is where live the nation’s highly paid financiers, who easily earn the money to buy a nice place — and maybe a few more to rent out to the low paid!

The Privatisation of Money

In the years since 1946, when the Bank of England was nationalised, the amount of the money supply created by a public agency has fallen from 46% to 3%.

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Currently the public purse benefits annually by about Ł1.5 billion on the profit of providing that 3% of the money supply.

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By contrast, the banks, in creating the remaining 97% are subsidised by the British people to the tune of Ł50 billion every year.

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If this privatisation of the money supply was reversed, then that Ł50 billion would be available to fund our public services without there being a need to increase taxes. Indeed, the nation could enjoy increased spending on public services — wiping out NHS deficits, giving students free tuition and maintenance grants, increasing pensions — and a cut in taxes!

The Money Fuse to the Climate Bomb

Debt, whether it is carried by an NHS Trust, a business or a family, is the greatest pressure under which anyone can labour. Yet whereas an NHS Trust, a business or a family can try to bring its accounts in order by earning more and spending less, a national economy and, far less, the global economy cannot.

Within such an economy one person’s spending is another person’s earnings. The global economy cannot spend less without earning less, and earning less will mean financial ruin for some people. It will mean families losing their homes, businesses going bankrupt and public services laying-off staff.

It is the frantic need for continued economic growth, both in this country and around the world, that is the cause of one of the world’s greatest threats: climate change.

The Solution

We can save the planet without causing a world-wide recession through the simple medium of removing the power of the private banks to create money. All money should then be created by a publicly-owned agency, which should be spent into circulation on public services.

Potentially, we could enjoy the benefit of both increased spending on public services and tax cuts together.

Removing the power of the banks to create money would mean that their lending would be limited to the amount of savings that they held, just as is the case with mutual building societies and credit unions.

This would limit the amount of money in the housing market and so end house price inflation.

But perhaps most importantly, we could end the current ‘dog-chasing-tail’ scenario of today’s frenetic and ultimately futile attempt of whole economies trying to escape from debt — when debt is the basis of their money supply.

It is this vain attempt to escape debt that is the cause of so much of humanity’s destructive impact upon the world’s climate and environment.

Boggling the Mind

The true nature of the money supply is so different to the popular perception, that trying to understand it and all the ramifications that stem from it is not easy.

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Take your time, but not too much time, the longer the situation persists, the worse it will become and it will be the younger generation who will have to shoulder the burden.

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The present entirely fraudulent money system is in place due to widespread ignorance.

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Learn about the situation.

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There are books on the subject, but the easiest way is through the web.

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Armed with this knowledge, talk to your friends about this subject. Ask them where they think money comes from and how it is created. You will be surprised just how little most people know.

Only by ending this widespread ignorance can we end the great banking fraud and all the problems that stem from it".

 

 


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