Solving the Debt Problem & Financial Crisis: On Monetary Reform with Ben Dyson

[ExclusiveLM]

At least i'm smart enough to see the problem most people refuse to acknowledge. Corporate Treasuries and Banks have most of the money on Earth. It's that simple. As long as big companies hold on to their earnings to satisfy their share holders while merging with other companies and firing half of the staff to save on overhead after each merger the economy will continue to go to hell in a hand basket. That's why you see people protesting all over the world. PERIOD !!

[Independent0bserver]

@ExclusiveLM M. McLuhan "the medium" is the message ... he was making a case for TV but in this case the "medium of exchange" is the message. No one sees what is right in their faces. Until usury (the true meaning of usury) is wiped out, all else is futile. We measure ouselves with a crooked stick. Not that it's intended we measure ourselves in the first place but ... there is only one source of credit. The MoE is best spent into existence, not borrowed.

[Independent0bserver]

@ExclusiveLM

Central bank notes are IOU's ... evidences of debt.

You cannot pay a debt with another debt.

We are all unknowingly merely discharging debt's ... not paying them.

Not that all our debt's aren't already pre-paid.

Unless one believes they must pay for their inheritance that is.

A person is always a man, but a man not always a person.

Don't get caught up in the trifles of usury.

Dead law, living law, which should I follow?

[charronfamilyconnect]

How do you prevent the government from creating too much money, how do you divide it up, and how do you decide who gets what?

[RozalynPaschalMD]

Any person or company that has a debt, debt meaning car note, morgage, credit card, loans, or any money owed to be paid back is contributing to the problem.

[Independent0bserver]

C'mon folks it's quite simple ... the question to ask yourself is: "why would government borrow at interest, that wich it can create itself for free?" Governments are supposed to do what is in the best interest of the people. However, it seems government is doing what is in the best interest of the banks.

[Independent0bserver]

Pour a full glass of kool-aid.

Drink half the glass.

Fill glass back up with water.

Drink half the glass.

Fill glass back up with water.

Drink half the glass.

Fill glass back up with water.

Drink half the glass.

Fill glass back up with water.

Our purchasing power has been so diluted by the usurer. Stop enabling him.

[sadmanbadmanGLADMAN]

if this how the banks work then we're fucked!!!!

[PhillyBluntz86]

this asshole is so full of shit. Only how many percent is created by the government printing money? BULLSHIT 3% If the whole problem was the banks, we as a people would shut them all down! The REAL problem is us as a people acting like cows gone to slaughter and mooing our way through ignorance to allow THE GOVERNMENT to print more money and borrow more money behind our backs, to then say "Oh, we're sorry for FUCKING you in the asshole and leaving you with an ENORMOUS economic debt". Have Fun!!!

[Independent0bserver]

@PhillyBluntz86 Governments don't print money.

Governments issue interest bearing bonds (based on the credit of the people) to the banks (fed) which are then monetize.

The problem is both with the banks and government, compounded by many ignorant people. Not one in a million figure this trick out.

Government can and has an obligation to print non-interest bearing bills of exchange (based on the credit of the people).

We must hold government to their obligations and eject those who don't.

[ExclusiveLM]

@Independent0bserver you say the government must print non-interest bearing bills RIDICULOUS !!! The problem with the US economy lays in big companies buying up smaller companies. Then firing many employees of the companies they bought to consolidate and save money. That causes lack of jobs. Those now bigger companies have a tight grip on earnings to keep share holders happy. They control jobs and currency flow in this manner. Lopsided capitalism.

[Independent0bserver]

Supply vs demand = price. One of gov't true rolls is to ensure this occurs naturally without influence. Equilibrium is a natural state all systems strive for. What the vast majority miss is the inherent design flaw of usury. Math, logic, morality and scripture all condemn usury. “Copper-top”, the purchasing power of your labor is halved approximately every 35 years. The medium of exchange is birthed in debt before it even enters the economy. All you mention is systemic of usury.

[ExclusiveLM]

@Independent0bserver you are completely off your rocker independent0server. You say the gov has to control something that is being controled by big businesses. That is not logical. Most of the money is being held by corporate treasuries and banks. Until those 2 entities get their act together, the gov can't regulate supply and demand. For one companies could just say i'm going overseas to do business if they feel squeezed by the gov. Come on, you don't know your stuff

[Independent0bserver]

@ExclusiveLM

Once a nation parts with the control of its credit, it matters not who makes the laws.

William Lyon Mackenzie King

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament (congress) and of democracy is idle and futile.

William Lyon Mackenzie King

[Independent0bserver]

cont... After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. We will employ the high office of the President of our dummy corporation to foment this plot against America.

EM House

[Independent0bserver]

@ExclusiveLM McLuhan was certainly correct ... the medium is the message. The "medium" everyone is missing the message of in this case is, the "medium of exchange".

[ExclusiveLM]

@Independent0bserver At least i'm smart enough to see the problem most people refuse to acknowledge. Corporate Treasuries and Banks have most of the money on Earth. It's that simple. As long as big companies hold on to their earnings to satisfy their share holders while merging with other companies and firing half of the staff to save on overhead after each merger the economy will continue to go to hell in a hand basket. That's why you see people protesting all over the world. PERIOD !!!!!

[DurexDurpaneu2]

@kingsofthepaupers so is that why a 1900s 1$ us is worth 20$ now? How come money is constantly losing value then? Pls tell me since you clearly know more about this then me.

[daveusaz1218]

@DurexDurpaneu2 it's not that $1 USD is worth $20 USD, it's what used to cost $1 USD now cost $20 USD

[kingofthepaupers]

The number of things Ben Dyson gets wrong in this video shows how tricky the money system is. The note is right: "The current monetary system is structured such that most money is created when loans are created." But he then contradicts himself when he says:

1:20 Relending the same money over and over again.

Jct: It's new money being lent out, not old.

[kingofthepaupers]

1:44 They use bank deposits to lend to somebody else to make another loan.

Jct: No, they lend out new money, not bank deposits, as your own original statement says.

1:55 Every loan is counted as new money.

Jct: No, like you were right originally, new money is created when loans are created.

2:00 You end up with a pile of fictional money.

Jct: No, like you were right originally, new money is created when loans are created.

[kingofthepaupers]

2:45 Need to prevent the banks from creating money.

Jct: Someone's got to do it, why not banks. Even casinos let banks create their chips.

2:50 We will allow the government to start creating money.

Jct: A government bank too, sure.

3:00 Government, vs bank, money isn't backed by an equal amount of debt. It's debt-free.

Jct: I see no difference between using chips created as a debt to a casino bank and chips created by the government debt-free?

[kingofthepaupers]

3:15 Adding money add stimulus but slows down too because you're adding debt.

Jct: Again, whether I don't see how anything slows down whether you use chips from a casino or from agovernment bank.

3:20 Government money helps the economy, accelerator, but doesn't add that debt (to slow it down)

Jct: Debt to the casino does not slow down action any more than no debt to the government.

3:45 Fix: Put FED back in Treasury. Stop banks from creating money. Government spending.

[kingofthepaupers]

Jct: So no mention of fixing the real positive feedback malfunction in the banking system. See my youtube video "How banks create money" for the blueprint of the banking system from the tap to the drain with pipes.

The Banking Systems Engineer.

[BezanDarro]

Essentially if you are looking for a solution, the first & the foremost one is abandonment of usury. Global monetary system without usury = world without slavery.

Believe it or not, the reason that westerners are in a constant friction with concept of Islam, is that, in Islam usury is a big sin and whoever commits th act is assumed as God's enemy!

Need I mention that even in most of Islamic countries, the monetary system is yet on usury?!! Go figure out, how truly Islamic are we then!

[EconomicStability]

Fantastic video.

Many thanks and congrats to to Local future.

This needs to get around.

[0PsycoDad0]

Actually a loan default equalls a reduction in monetary aggregats by the same amount.

BTW the interest is the systemic problem unsolved. Intertest payments demand for ever increasing "efficency" i.e. sustaining an ever increasing capital drain due to roll over of immature debt positions.

If you think you'd pay just 15% interest just take some time and do some math. In most cases (house, car) you end up paying 150/200% the original sum.