Just so that you can get a feel for this, The supposed 'reserve ratio' is 10:1. It is actually exponentially higher when other financial instruments are taken into account. (Credit Default Swaps, etc.).
In other words, 1 dollar of Carbon Tax reserve collected by the IMF will/can be used to create more than 1000 dollars of 'new' debt.
It has been suggested, and the facts speak for themselves, that the Carbon taxes which are collected through the scheme will form 'bank reserves', which are the basis of the current "fractional reserve banking system".
These (Reserves.) in turn can/will be used to create more loans (Out of thin air.) to countries already in debt thus increasing 'fiat' debt slavery further.
The IMF has already been nominated as the collections agent for this new tax.
North Dakota is the only state in the entire US which 'still' owns its own bank to create credit for farmers and infrastructure. It competes with independant banks and works very well alongside them.
Dakota has a surplus and the lowest unemployment in the US.
I agree with Joe Toscano that we need our own state own bank again, and in particular, agree it should not be allowed to be sold to an international banking cartel. Ellen Brown who wrote 'Web Of Debt' talks about similar measures.
Just so that you can get a feel for this, The supposed 'reserve ratio' is 10:1. It is actually exponentially higher when other financial instruments are taken into account. (Credit Default Swaps, etc.).
In other words, 1 dollar of Carbon Tax reserve collected by the IMF will/can be used to create more than 1000 dollars of 'new' debt.
FrankensteinFinance 1 year ago
Furthermore!!
It has been suggested, and the facts speak for themselves, that the Carbon taxes which are collected through the scheme will form 'bank reserves', which are the basis of the current "fractional reserve banking system".
These (Reserves.) in turn can/will be used to create more loans (Out of thin air.) to countries already in debt thus increasing 'fiat' debt slavery further.
The IMF has already been nominated as the collections agent for this new tax.
We hardly need more debt.
FrankensteinFinance 1 year ago
North Dakota is the only state in the entire US which 'still' owns its own bank to create credit for farmers and infrastructure. It competes with independant banks and works very well alongside them.
Dakota has a surplus and the lowest unemployment in the US.
I agree with Joe Toscano that we need our own state own bank again, and in particular, agree it should not be allowed to be sold to an international banking cartel. Ellen Brown who wrote 'Web Of Debt' talks about similar measures.
Go Joe!!
FrankensteinFinance 1 year ago