Why The Financial Crisis Will Happen Again...

[DCUPtoejuice]

For some serious monetary learning, check out Tom Woods youtube page.

[DCUPtoejuice]

who would like to hazard a guess that ALL your numbers were wrong. idiot!

[bankingreform]

@DCUPtoejuice Thanks. Guess it is a lesson to me not to give figures out of the air, but you get the point right?

Still valid.

Thanks for your abuse. Much appreciated.

Simon Dixon.

[DCUPtoejuice]

@bankingreform I was in a bad mood and British accents combined with errors for some reason drive me crazy.

[DCUPtoejuice]

@bankingreform btw, you can add little notes to the screen. You can just put up the real numbers as notes during the video.

[bankingreform]

@DCUPtoejuice Good idea.

Thanks.

Simon Dixon

[PoweredByMagnets]

Is it always bad to have more debt than money? It's expected that some people won't be able to pay. Or is the magnitude of debt vs money what makes it bad, implying we're reaching the point where no one can pay?

[Yamakashi1]

old info?

[bankingreform]

@Yamakashi1 It can only be old when Monetary Reform has happened. There is nothing new as the same issue persists. I can make something up for you if you like?

Simon Dixon

[Yamakashi1]

@bankingreform haha. no ,i dont mind hearing this for a 10 000th time even if i knew it to begin with, it's all good, cheers.

[bankingreform]

@chelonia1663 I understand your passion for MPE, but there is never an economic problem that has just one solution, that is very narrow minded. I stand for one monetary reform, but to say it is the only solution lacks a bit of credibility and leaves you in a very tricky place in terms of implementation. I consider myself an implementer and flexibility is very important to actually make reform a reality. This comes from an expereienced track record of making stuff happen.

[gblpst81]

I hope people are finally waking up to these facts. We are born into indentured neo-servitude and have been for generations. We are put up as human collateral by governments to secure giant loans from the IMF, and these loans CAN NEVER MATHEMATICALLY BE REPAID. We've been digging our own graves. Worse than that, we've been digging our great grandchildren's graves. Until people turn off "Jersey Shore" and start paying attention and learn something, nothing is going to improve. WAKE UP!!!

[bankingreform]

@gblpst81 I am seeing more and more people look at these things now and if there was one blessing in disguise more and more people are listening to monetary reform. We are making great progress with politicians. Believe me, change is happening and people are waking up.

Thanks for your input.

Simon Dixon

[chotaboy66]

3:49 All inflation/deflation is a symptom of the theft of currency by commercial banks ,they launder all principal & interest out of circulation via loan repayments.

A gov then has to borrow on the tax payers purse in an a attempt to keep circulation vital, the only role a private central bank has is to regulate all the fraud via national debt hence thieving all nations wealth,Sorry to say mate this the only way to reform banking is remove banking all together & replace it with a MPE economy.

[proderivat]

@chotaboy66 Great Analized - no more to say...just perfect

[bankingreform]

@chotaboy66 I think banking has a very valid role to put together borrowers and lenders, it is a natural process that will never disappear while we have money. People lend to each other and naturally develop businesses as a result.

As you say the current system is the worst monetary system we could have.

Just to clarify. Wat do you mean by a MPE economy?

Simon Dixon

[chotaboy66]

@bankingreform MPE= Mathematically Perfected Economy.

Im sorry Simon theres nothing natural about banking , banks offer no consideration of value for there credit they risk nothing,banks dont create or issue money,banks do nothing to earn money, Banks only intervene by fraud between the borrower (buyer) & the real creditor(owner) not by providing a service but to launder a nations wealth out of any monetary circulation which is really our labor blood sweat & tears. Natural ? I think not Simon.

[chotaboy66]

2:30 The 3rd way to pay terminal interest thats never created,force foreclosures hence the remaining money borrowed is still in circulation,banks gets houses & has a buffer in circulation for other interest due.

Banks dont loan or create money,they CHANGE MONEY by laundering borrowers promissory note (principal) financial instrument that has the only consideration of value out of circulation they keep it and sell it through trusts .then loans out the unlawful consideration & charges interest.

[SteveXnycperformance]

The BANKER MISSION STATEMENT:

It don`t make sense(wealth) if it don`t make dollars(fake)

If it make Dollar(fake) then it make sense(wealth)

[SteveXnycperformance]

great work lad. Remember Money is a tool of exchange, interest ,fees and taxation are the destructive tools to money. These is no risk in lending money,if the bankers are create fiat money.They play a fools game,by leaning money in hope to get it back with interest,fees,and taxes. If you don`t re-pay the loan the banker bare no lose or risk, cause he can simply print more money to lend to other fools, who will re-pay with interest ,fees,and taxes. So what if your credit is ruin,,FUCK THE BANKERS

[bankingreform]

@SteveXnycperformance The business model of banks would not really matter to us if we separated banking and money creation. I have no problem with the banking model if it is separated from money creation.

Banks will still play a vital role in the future so we still need banks.

Simon Dixon

[SteveXnycperformance]

@bankingreform Can you please tell us of a business model when banks does not create money?. All business(cooperation) create "money" cause money is just a tools of exchange. All cooperation exchange "products" for value. money is not the only form of value. All banks are connected to the money printing machine(central bank) under fractional reserve banking(your $1 make them $10 richer). BANKS ARE THE ORIGINAL COOPERATION.

[chotaboy66]

@SteveXnycperformance Business/people create money (principal) via a borrowers promissory note signature (financial instrument) asset liability the only thing of value thats deposited in the bank(money creation).Profit or Fractional multiplication is not how money is created.

A Borrowers (Financial Instrument) (PRINCIPAL) Converted by fraud into a Security by Trusts, then sold for profit laundering circulation. Banks change money into bank money & loan out unlawful consideration with no value.

[chotaboy66]

@SteveXnycperformance Furthermore Simon is advocating denial of true representation of wealth by the people & handing it all over to the Rothschild's to create all money with no consideration of value,the same thing there doing now only totally denying the real creditor & the borrower ( the people or businesses ) true representation & true sovereignty.Remember the root obfuscation of money starts with commercial banks, national banks role is to regulate all the fraud & increase national debt.

[sharpcin]

You all should watch "The Secret of Oz", a real and working answer to this dilemma is presented by Bill Still.

[bankingreform]

@sharpcin I met Bill Still last week to do an interview to be included in the next version of Wizard Of Oz.

[nayanmalig]

there's lots of arguments about what money is. Quiz - a person discovers that his grandfather has left him 4 items 70 years ago. he finds them. a gold bar, a rolls royce car, a 100 dollar bill & a tally stick. which of these today is 1) easily turned into cash 2) that has not degraded 3) has accumulated in value 4) can be used to make something of value 4) that takes little space 5) can be given to his grand children to retain the same - or - more value? which one has all these properties?

[bankingreform]

@nayanmalig Obviously Gold, but an even better answer would be electronic money under a zero inflation and deflation environment. Technology is the new commodity, we have created all the technology to create a far superior monetary system that storing Gold. So many people misunderstand this. Gold is only necessary under a debt based private bank created money system. Eliminate that and technology can be used for money. Gold is like a typewriter of fax - no longer necessary.

[nayanmalig]

@bankingreform electronic money is indispensable. problem is - electronic money is computer based & somewhere down the line, a human will expand it by adding zeros. it's Murphy's law. it will happen. but not with gold. they really store value. that's why smart central banks hoard gold while circulating debt (disguised as paper currency) among the people. then they can keep on doing their pyramid wealth confiscation by adding debt to the base. gold stands outside this & will always be real money.

[bankingreform]

@nayanmalig I appreciate your argument. But these are all arguments under a debt based monetary system. If it was debt free money the central banks goal is purely zero inflation and deflation and they cannot add zeros without losing their job. Under debt free money, money will be so transparent as there will be just one money supply. I agree with you under a debt based monetary system, but a commodity currency with debt money is still destructive. Thanks for sharing your thoughts.

[nayanmalig]

@bankingreform technically your spot on. but this monetary system is designed for fallible humans. they will be influenced by colour, race & religion whether economists like it or not. so it's impossible to not take these factors into consideration when talking about monetary systems. bottom line is that the majority or the powerful of a nation will always somehow manipulate their local monetary system to the benefit of their own kith & kin. Gold is the neutral money & cannot be tampered with.

[bankingreform]

@nayanmalig Think we can agree to disagree there. Respect your opinions.

Thanks for your comments. Its been good hearing your opinions. Look forward to seeing some monetary progress and bringing the debates to the politicians.

Simon Dixon

[nayanmalig]

@bankingreform thanks. what i say may seem harsh. but that's exactly what happens where i live. in the west it happens in a more subtle way. but countries like iraq & sudan which are very mineral rich are torn apart by sectarian & religious violence + invasions. economics is not 100% technical. greed, fear, jealousy, oil, religion etc, are all factors that are hidden beneath economic fundamentals. what u suggest is perfect technically, but in practice unseen forces drive it unpredictably.

[bankingreform]

@nayanmalig Monetary Reform does not mean that every problem in the world disappears. It creates a much better system economically. People will still rape, murder and break laws. But under the current monetary system our economies will collapse. I am here to prevent that, one step at a time.

We are humans and you are so right when you say economics must consider human psychology. I am with you there.

My mission is money though as it is what I know. We all have a unique contribution to offer.

[nayanmalig]

@bankingreform I agree. at the moment the whole world is forced to adapt a pyramid monetary model backed by USA military. any leader who bucks the trend does so at great peril. so the majority of the world has no choice & rots from poverty while those who have access to free money prosper. It's extremely difficult to imagine any monetary reform being accepted by the rulers who are sitting pretty right now. this runaway monetary train has to wreck itself. nobody can stop it. but i wish you well.

[UU361]

It'll happen again because of the math, it never lies, even though central bankers and politcans do.

[cosmicordering1]

Ah, Simon, bless you for your fresh and new outlook ...

[gerryboy3699]

why no mention of gold???????

[bankingreform]

@gerryboy3699 I dont believe Gold to be the answer. Gold is a scarse resource that would be used to manage a debt based monetary system under Austrian economics.

Under a non-debt based system there would be no need to peg a currency to a commodity, money would be created openly and transparently.

Under a debt based Gold monetary system you would stall have constant boom and bust.

Many Austrians are monetary reformers.

[gerryboy3699]

@bankingreform you see, i'm sick of bankers having so much power over currency creation. You talk about transparency. transparent to who? me? No? well i'll stick to gold and silver , bankers and politicians can't print it between them. The gold and silver coins have served me well so far. The point of precious metals being money is that they are rare. But im sure you know that already, and i'm also sure your daddy has plenty gold and silver tucked away.

[bankingreform]

@gerryboy3699 The problems with gold and silver is that banks can still create money 'backed' by gold and you will have the same problem as we did before we left the gold standard.

We need a long term solution. You are completely right politicians cannot create money, and banks definitely cannot create money as they currently do.

[bankingreform]

Which is why monetary reform involves debt free money created by an independent central bank directly and transparently without debt created money and indirect control through interest rates.

It is a simple system and the central banks goal is to make sure there is no inflation and deflation as there would be with gold.

Technology has progressed so far that we have all the technology to make this work.

[bankingreform]

Pinning your prosperity and wealth on the luck of having gold is disastrous and if you are talking about concentration of wealth, the gold is nowhere near distributed enough to facilitate trade. It would be a disaster, as it was in the past with boom and bust and financial crisis after financial crisis.

And with regards to my daddy having Gold I wouldn't know I dont have any gold just real private equity businesses.

[gerryboy3699]

@bankingreform gold and silver have been real money on planet earth for more than 5000 years. You my friend inviter, are dumber than gold. I have doubled my money in physical gold then moved my initial stake into silver leaving the rest in gold, and now silver has just about doubled. Please explain to me why this is not a trend? lol keep your fiat banker set up nightmare

[StudentFinanceJobs]

@gerryboy3699 I am not here to argue. But I find your double standard quite interesting. How does you speculating on gold and silver a hugely volatile commodity that you want to use to stabilize our economy help the productive economy.

I am about preventing debt slavery, something that would still persist under gold. Economies have been unstble for 500 years.

Your speculation is no different from bankers.

Interesting to hear how people mis understand money though.

[TheRealAristocrates]

@bankingreform I'm too lazy to calculate them, I just looked them up on the internet. You haven't got an answer to the second part of my post though, have you?

[gerryboy3699]

@TheRealAristocrates give me a banker bonus, £1 billion will do, I ain't greedy

[bankingreform]

@gerryboy3699 From experience hating bankers gets you nowhere.

I am about solutions and results not hate and jealousy mail.

Yes there has been some bad shit, but you can bitch and moan or you can do something. I prefer the later.

[bankingreform]

@TheRealAristocrates Sorry. In response to your interest question,

Some of the interest money circulates and some of it goes back into the financial markets and some of it is held in a deposit account with the central bank which does not circulate

This is why we find ourself in the ridiculous position of having more debt than money.

On my blog there is links to the reports on the workings of this system if you want to research in full.

Simon Dixon

[TheRealAristocrates]

How intentionally misleading!! A million seconds is 11 and half days, a billion 31 years, and only the last was true at 31000 years (approx). Why don't you just tell the truth? It's still astounding!

One thing that baffles me though - banks pay the employees with the money it gets from borrower's interest, right? So, surely the interest that is paid to the banks gets paid to employees and shareholders, who then spend it in the economy, and therefore it circulates back?

[bankingreform]

@TheRealAristocrates Yeak I know. My mistake. It was a live event and I could not remeber the exact figures.

I was not lying or anything, but the point is still the same.

Banks make their money from creating money, they have a subsidy from the government as the government allows private banks to create money through issuing debt.

I knew somebody would calculate the exact figures. LOL!

Thanks

Simon Dixon

[JRMCNEA]

@TheRealAristocrates lol I think if he knew the actual answers he would have used them because they support his argument lol.