The Truth About Banking & Banking Reform? Part 1 / 2

[MirageScience]

Banking other than the bank sercuring money kind of buisness which is outdated is a straight up scam.

[Adriaan1950]

A negative interest money system creates paradise on earth:

youtube.com/watch?v=7kk6fplyLT­I

[BoudiccaBlanc]

"The Secret of Oz" (1hr. 50 min) by Bill Stills

/watch?v=U71-KsDArFM The Secret of Oz: "The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt". Remember: It's not what backs the money, it's who controls its quantity."

[JRBendixen]

I´m curious. Is it all banks that can print more money?

[JRBendixen]

Oh my, Does all bank from where your country have the ability to create more cash?

[MegaMG0]

It's not money it's currency-- people beg for a way of life and refuse to acknowledge natural laws. Fractional reserve lending is not the problem, people demanding loans, expensive programs and systems is what causes the problem... because the people beg for it. You're so stupid!

[bankingreform]

@MegaMG0 Thanks for your comments again. They are really helpful. You must be very angry to continually want to call people stupid and idiot. Its a different philosophy of the world. I dont think you are stupid, just different, but bitter. Keep up the good work.

Simon Dixon

[wildone16969]

Absolutely right!

[myndzcommunity]

Insightful.. Digital money creation ..Visiti us.

[iaque]

sistema monetário dá medo....

[PArticenens]

Watch "Secret Monthly Derivatives Meeting of 9 Elite Manipulates Market" at FinancialNewsOnline Youtube channel

[chotaboy66]

Looking at some of the comments no wonder our world is screwed up most here are indoctrinated by plagiarists & haven't a clue on how money is created including Simon,indeed the obfuscation of any currency causes deflation due to commercial banks laundering principal & interest out of circulation by fraud ,inflation is a further obfuscation of the currency due to criminal govs employing central banks to regulate the all the fraud creating national debt ,everything else is just a symptom of this.

[pirucreek]

Simon, you are making a big mistake. Canada, Australia, Finland and many countries operated long periods of time with no deficit and all the loans were paid back without increasing the money supply. Their economies flourished.  I am not advocating paying the debt back. I am saying you don't need to increase the money supply to pay the loans back. The interest on our national debt is only 200 billion. We can pay it back without increasing the debt ceiling.

[chotaboy66]

Doesn't the Borrowers promissory note Signature create principal by transforming the Loan Contract into a Financial Instrument worth the Value of the agreed Loan Amount ?

Doesn't the Bank Deceive the Borrower by Calling Credit a “Loan” when it is a Exchange for a Deposited Asset?

Doesn't a Bank Fail to Give the Borrower a Receipt for Deposited Asset?

Doesn't a Bank Provide None of its own Money so the Bank has No Consideration of value in the transaction so no True Contract exists?

[chotaboy66]

Fractional multiplication is only an expansion of money Simon this is not creation , creation of money begins with the borrowers promissory note that has consideration of value , bank money doesn't really exist because it has no value.What you pay back to the bank is really your labor blood sweat & tears, nations wealth ,banks launder principal & charge terminal interest there money changers & you tell me to go to a Rothschild site & listen to economists that have got it wrong to be informed?

[Will224000]

...you might check out Mike Montagne and his theory of Mathematically Perfected Economy... search YT... it is similar to what you are saying...

[Will224000]

...you might check out Mike Montagne and his theory of Mathematically Perfected Economy... search YT... it is similar to what you are saying...

[Will224000]

The $14 Trillion National Debt is all ill-gotten gain. The FED is a corporation that that has paid no taxes in the past 97 years. A Constitutional Amendment to back-tax them to 1913 should negate this debt and get us back to a clean slate. Repeal the FED act and then start issuing Treasury Notes backed by silver 1:1.

Why would this not work?

I appreciate that you are crusading for reform, Simon. We need more public dialogue to raise awareness. People do not understand what money even is.

[bankingreform]

Appreciate what you say too. The goal has to be to get the debate mainstream with the goal of a reform. This is why I am closer to Austrian economists like yourself. In UK the BOE is nationalised and independent unlike Fed. Only problem is they indirectly control debt money with interest rates which is impossible. Your reforms are similar, just a question of who is more corruptible - treasury saying they are 1.1 with silver or independant nationalised central bank with monetary targets.

[Will224000]

@bankingreform ...if the BoE is nationalized do the profits from the interest still go to the QoE and the Rothschilds ? ...can the Govt. give itself interest free loans like North Dakota ?... or is it just window dressing on the same Red- Shield Shop ?...

[bankingreform]

@Will224000 The treasury receive all profits from seinorage -the creation of cash and coins M0. At the moment the government borrow money through the debt capital markets through open market operations as the central bank is independent. It cannot benefit from the issuance of debt money which is what I stand to reform. As far as I know the queen is paid from the treasury through debt and tax. The Rothchild involvement, I have no idea if I am honest. Do you know better? Please share.

[Will224000]

@bankingreform I am sure that I do not Know better than you. I am trying to drink as quickly from the fire hose as I can to understand why myself and 20% of my countrymen cannot find work. you did just teach me a new word, seinorage. I know that it costs about $.20 to print a $100 bill then to fractionalize it and add % interest makes for a hefty profit. Add to that all that is created with the click of a mouse and you have quite a racket. The saying goes "The best way to rob a bank is to own it

[Will224000]

@bankingreform I do not know much about the nationalization of the BoE. I have learned that by intrigue after Waterloo that Nathan Rothschild became the major stockholder. I have heard that QoE is also, besides her Stipend of Title. From human condition I know that those with power do not relinquish without coercion.

[LiamE69]

@Will224000 Tying money to any limited commodity creates its own problems which are just as bad if not worse than the current system.

If I were in charge I'd simply replace the banking licence with borroring licences with an interest cost. For example if bank a wants to lend $1bn it buys a licence to lend for a period of say 10 years at which costs them the base rate. That way the govt get income from all money lent and banks cant cause depressions. Continued...

[LiamE69]

@Will224000 PART 2. In addition I would insist all lenders must keep all their loans on their own books and re-instate the seperation of retail banking from investment banking.

Oh and I'd put an end to the highly factored markets. It is simply ridiculous that banks have more at risk in markets than the worlds GDP.

[mphet26]

@Will224000 Fall of the FED = Fall of the USA

[Will224000]

@mphet26 ...what you say might be true... an analogy would be a cancer patient that that could die in spite of the treatments meant to cure...

...the FED is a cancer that is like a software program set to destruct the whole system...

...the problem is how to throw out the bath water and keep the baby...

...cut out the cancer and save the patient...

...you may be right... the US might 'go away'...

[Will224000]

How can there be reform that leaves those Money Masters with their heads

attached ? Greed will always be greed and the "smartest guys in the room" will figure a creative new way to exploit...

[bankingreform]

@Will224000 One thing that is guaranteed in life is that everything will change.

Always has and always will.

I have more faith in humankind under a money system that works.

I don't think there is anything wrong with accumulating wealth when done in the right way. We all have a choice and the choices we make determine the position we will be in.

Simon Dixon

[chotaboy66]

0:35 Eluding question,banks don't create or issue money they change money ,multiplication is not how money is created,The borrowers promissory note signature (financial instrument) is the ONLY thing that has consideration of value (principal) deposited in the bank,only to be laundered out of circulation through trusts (deflation) by local banks,local bank money loaned has no consideration of value & terminal interest is charged.A gov borrows national debt to replace the laundered circulation.

[bankingreform]

@chotaboy66 M0 is government created cash. M4 is money on deposit plus cash and a bit more, but to keep it simple., M0 is 3% of money. If we just relied on that we would be in dire depression. 97% of money is created through multiplication of loans (The multiplier) and is the vast majority of money. Almost all money is created through the multiplier and that is the majority of our nations money supply. Banks call it credit. Just look on the Bank Of England website to confirm.

[chotaboy66]

@bankingreform Money is created by the borrowers promissory note, not the bank ,although banks expand money into non considerate money they don't create the only possible money thats has the only real consideration of value thats deposited in the bank The money in deposits that gains interest has no consideration of value so how can you multiply nothing of value X nothing nothing of value ? Its fraud at best.

[bankingreform]

@chotaboy66 That banks create money is not a debate, it is economic fact that any economist will tell you if they understand the process of money creation. It would be fraud if not for legislation called fractional reserve banking. It is too much to explain the process here so check positive money website. Just go to the bank of England website or read the federal reserve booklet on creating money. study of a bank balance sheet to find out how. Mervin King discussed it in his last speech.

[chotaboy66]

@bankingreform NO NO NO Simon .

Banks fraudulently Convert the borrowers promissory note (Financial Instrument) into a Security through a Trust or similar arrangement in order to defeat restrictions on transactions of Loan Contracts to Sell it to a third party for profit ,they Hide its Liability by off balance-sheet accounting & only shows its Debtor ledger in order to Deceive the Borrower & the Courts also they Fail to Disclose the Bank’s Liability to the Borrower for the Value of the Asset.

[damnzenman]

Why are you antrophomorphizing the government? The reason we cannot trust our government today with the supernal prerogative to create and control the moneysupply is because our government has been usurped by private bankers. We need a national central bank that answers to the people, can be held accountable for its actions and all of its actions must be transparent. This new independent bank you mention will be managed by you? How can we be sure you are not a new Rothschild in disguise :D

[bankingreform]

@damnzenman Hi, I do not promote the government to create money. Believe me I am an entrepreneur and want as little intervention as possible. Money is far too important to be created privately. I do not want to run the central bank, a monetary policy committee will run it. They will be set inflation / deflation goals. If they dont meet them they get sacked. But money will be easy to track as it is not created indirectly through interest rates. Everybody will know the money supply. It is simple

[damnzenman]

@bankingreform, so, who do you promote to create money? Your video provides no CLEAR answer to the most important question: who exactly will create the money supply? Money is the lifeblood of the economy and the medium of exchange in society. Thus, this right belongs to society, as in the government, and no one else. The monetary power should be the 4th branch of the government: judicial, legislative, executive and monetary. A nation's sovereignty is at stake. Please answer my question.

[bankingreform]

@damnzenman If you watch part 2 of the video you will hear that an independent central bank to set deflation and inflation goals should be the creator of money in my view.

Did you watch part 2? If so and you did not get this then I need to look at how clear the message is coming across.

Thanks for your comments.

[damnzenman]

@bankingreform I have seen part 2. So, independent from the government. Well then, now we are back where we began: a privately owned bank who answers to no one, where private individuals get to decide where the money created goes first. I am really disappointed, Mr. Dixon. At first I thought, finally someone who understands that our current financial system means debt slavery, only to come up with a solution that will fix very little because independent equals corruptible.

[bankingreform]

@damnzenman It would not be private. The central bank is nationalized and independent accountable to set inflation and deflation goals in a fully transparent and easy to control money supply.

Everybody is corruptible. We have a legal system for that. That is like saying there is no point making rape illegal because people will rape.

Corruption will be easier to spot.

Tell me a better way of creating money, I have heard them all I think?

Simon Dixon

[damnzenman]

@bankingreform Nationalized implies government owned. Yes, everybody is corruptible, but a government is not a person. If Monetary power was ruled by law, we could do so many things like: outlaw all derivatives, outlaw usurious interest, outlaw fractional reserve banking, restrict the power to create money to central bank etc etc. The possibilities are endless. This way, there will NEVER be financial corruption again.

Money should be created by the government both DEBT and INTEREST free.

[pirucreek]

They can still balance the budget and not create new loans for the current system to exist. Depressions are not caused by deflation they are caused by busts. This time it was a housing bubble. The government already can print money they issue debt and spend it. The debt does not have to increase. The government does not to increase the debt to keep the economy going. I have you as a friend and subscribed but I gave this a thumbs down.

[bankingreform]

@pirucreek If the government paid off all the debt, we would not have enough money in our economy to survive. They cannot and will not be able to balance their budget ever. You have a very mainstream understanding of economics, the housing bubble was an inevitable consequence of the debt based system. If not a housing bubble something else, if banks did not create money, a bubble would not crash the economyt. Only 3% of money is created by government, 97% privately. They borrow not print.

[tagzee]

great video

[zthustra]

When the government borrows money, it does NOT increase the money supply!

The Treasury securities held by the Federal Reserve do back money created for the occasion by the Fed, aka base money, but the rest of the securities are sold on the open market and purchased with money that was already in existance. The Fed, not the Treasury, decides how many securites they hold.

There is no reason to believe that government spends less because it borrows instead of creates money.

[bankingreform]

@zthustra The reference to the bank bailouts refers to government sustaining the money supply because if they allowed banks to go bust money would disappear so government borrow so companies can borrow more rather than go bust and then this leads to more money creation.

[willybizz]

Excellent method to state the obvious, many do not understand the facts.

Perhaps regular showing on the hour on national television to the nation may get a glimmer of a spark in a politicians mind, though unlikely !

[bankingreform]

@willybizz That would be nice.

Thanks for your comments.

Simon Dixon