More Debt than Money
Individuals are in debt. Businesses are in debt. States are in debt. Nations are in debt and if you check the IMF statistics, almost all nations are massively in debt to international banks. Debts that can no longer be repaid. Now what is really bizarre is that the money we collectively owe did not exist before it was lent out and the amount we collectively owe exceeds the amount of money available to pay those debts. The system bears remarkable similarities to a Ponzi or pyramid scheme. New debts are required to create new money to prevent recession. It turns out that those with money could not even pay off the debts of those that are in debt. This cannot be fixed whilst the politicians get their votes from the public but their instructions from corporations and lobby groups.
A website by Andrew Chalkley 2014.
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Hi to Nicky from Starbucks, Athens. Please click the button below and do not forget to send me an email! Many thanks. Andy.





These are draft versions! Please send me any errors so I can complete the work. Thanks Andy.
 
 

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These are draft versions! Please send me any errors so I can complete the work. Thanks Andy.
 
   
 
To privately owned international banks that create the money out of thin air.
 
 
 
 
 
The only cash ever created by the Reserve Bank was $50 billion. So where did the $1000 billion deposits come from? Certainly not the Reserve Bank. This virtual money is created by banks when they make a loan.
The effect of interest is that the volume of debt increases, but not the volume of money available to repay the debt. The debt becomes un-repayable. The only outcome is increasing debt or recession and default.
 
  The money setup of Europe guarantees increasing debt to the Keynsian Endpoint. The point at which the Tax Department becomes a collection agency for the banks. The point at which debt repayment exceeds tax revenue.  
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J.P. Morgan

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Sovereign debt to government income. Notice how they are all in debt!
greshams-law.com
 
  positivemoney.org

positivemoney.org.nz

kickitover.org 

rollingstone.com
ellenbrown.com

www.robinhoodtax.org

margritkennedy.de

jubileedebt.org.uk

publiccentralbank.com

Australia's Banking History by Trevor Sykes

Bankwest would have collapsed

thetransactiontax.org

Deposits at Risk

Simon Thorpe Ideas

Money As Debt

Steve Keen’s DebtWatch

The Tran$action Tax
thetransactiontax.org



 
 

 
 
Our current financial system has left us with the highest personal debt in history, unaffordable housing, worsening inequality, high unemployment and banks that are subsidised and underwritten with taxpayers’ money. Positive Money is a movement to democratise money and banking so that it works for society and not against it.
www.positivemoney.org
 
 
http://kickitover.org
 
 
Jubilee Debt Campaign is part of a global movement demanding freedom from the slavery of unjust debts and a new financial system that puts people first. Inspired by the ancient concept of ‘jubilee’, we campaign for a world where debt is no longer used as a form of power by which the rich exploit the poor.
jubileedebt.org.uk
 
 
For millions of people around the world, prospects for a better future are buried under old debts. In the 1960s and 70s, developed nations and the international institutions loaned millions upon millions of dollars to countries that had no capability of paying them back. The loans were presented as a means to development and poverty alleviation. In reality, it was more like political commerce, trying to buy the alliance of commodity rich countries across the developing world. Creditors agreed to give money to administrations and dictators that were known to be corrupt and non-democratic. They funded projects that were of no benefit to the people, but which were profitable for the companies involved, and for the corrupt elites in the developing nations. Interest rates shot up in 1979 making interest payments unmanageable. The debtor nations took out new loans to make debt repayments. The living conditions of the most deprived people in the world have deteriorated almost everywhere over the last twenty years. Yet wealthy governments and international financial institutions never cease to demand the repayment of those debts.
jubileeaustralia.org
 
 
Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning.
US Tuition Debt is over $1 000 000 000 000.

rollingjubilee.org


of American households are in debt.

of all bankruptcies are caused by medical debt.

Student debt has exploded.

1 in every 7 Americans is being pursued by a debt collector.

of indebted households used credit cards to pay for basic living expenses.
 
 


The Move Your Money campaign -- the ongoing effort to encourage mega-bank customers to move their money to local institutions has had great success. The Occupy movement’s outrage over Wall Street ran a Bank Transfer Day on 5 November. ~5.6 million customers moved their money.
 
 
The Robin Hood Tax is a tiny tax (0.05%) on banks, hedge funds and other finance institutions. Levied on foreign exchange transactions, derivatives and share deals, it could raise hundreds of billions of dollars annually.
 
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  More Debt than Money
More Debt than Money
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More Debt than Money
 
  Many many years ago before the times of international bankers, no international debt was possible.
Firstly there was no-one to be in debt to.
Secondly direct trade was the only means possible. A sort of barter. Mirrors for pomegranates.
If people got excited about gold, or silver then exchange for gold or silver was possible. But it eventually had to balance as one country would finish up with all the gold. But why would people get excited about gold. If we were not aware of its special status we would likely use it as fishing weights.
When international bankers got involved then debts could build up. How then could they police these debts and enforce them. Mmmm! A small army perhaps. I just thought of a cheaper way. Use someone else’s army. Perhaps your host county could be persuaded to get into a bit of biffo. You would have to convince the people that it was necessary. Mmmm. Buy a newspaper or two. That should control 'Public Opinion'. Politicians? Ambitious and in need of campaign money and promotion. There is another use for your newspapers. Who is going to buy a paper that is full of propaganda. Easy, put a lot of truth on the other pages.

Now logically, if two nations are trading, One will be up million say and the other down a million. The debts average to zero.

Again logically, if many nations trade, their debts will average to zero.

If the nations themselves set up an international trading bank belonging to the nations, again their balances would average to zero.
Well we could continue to trade with gold or silver but not bother to move the gold. We would just keep a tally of who owed how much gold to whoever. I'll help you with that. Just deposit all your gold with me and I'll move it around between vaults. I'm honest. I promise that I'm honest and would not falsify the figures, even though I am not going to let you check the figures and not let you see your gold. Actually, I'll be really good. I'll make loans to you if you are short at a nice low interest rate of 8%. Trust me.

But if I set up an international trading bank, I could play some tricks. I could set up accounts for each. I could claim that I can lend money to countries. I would pretend I was lending money that was deposited by other countries, but as it is all virtual money, I could lend money that does not exist. I would get away with it as the money was only a virtual item anyway. By charging interest, I could make good money. Perhaps double my money each eight years. But the money is virtual anyway, so I could purchase real assets of nations with the virtual money that I created. I could finish up owning the bulk of the worlds shares and assets. I could insist that they increase taxation so the government had more money so I could loan them more. Use nice names of course like 'Bailout' and 'Austerity Measures'. With my newspapers I could convince the people that it was the fault of the government. Now that is clever, because the people would blame themselves for voting for a bad government. Then I could lend them some more money and call it a 'bailout' or 'emergency loan'. They would thank me for giving them more of the virtual money. As I create more mythical money, I could cloak it up as and increase in the 'Money Supply'. This would have all those silly economists talking about the rate of increase of the Money Supply without anyone screaming about what I was up-to. Anyway, if they start to starve, I am doing them a favour as my papers have convinced the world that it is overpopulated. Meaning we need to cull anyway. I am doing them a favour by cutting world population.
 
 

CHECK THESE NUMBERS

If it were administered for the benefit of the nations, the average should be zero. Some a billion down, Some a billion up.

CIA World Factbook. Country Comparison :: Debt - external This entry gives the total public and private debt owed to non-residents repayable in internationally accepted currencies, goods, or services. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
1 United States $15,930,000,000,000
2 European Union $15,500,000,000,000
3 United Kingdom $10,090,000,000,000
4 Germany $5,719,000,000,000
5 France $5,165,000,000,000
6 Japan $3,024,000,000,000
7 Luxembourg $2,643,000,000,000
8 Italy $2,493,000,000,000
9 Netherlands $2,487,000,000,000
10 Spain $2,311,000,000,000
11 Ireland $2,163,000,000,000
12 Switzerland $1,563,000,000,000
13 Belgium $1,424,000,000,000
14 Australia $1,403,000,000,000
15 Canada $1,326,000,000,000
16 Singapore $1,174,000,000,000
17 Hong Kong $1,047,000,000,000
18 Sweden $1,034,000,000,000
19 Austria $808,100,000,000
20 China $770,800,000,000
21 Norway $659,100,000,000
22 Russia $631,800,000,000
23 Finland $599,300,000,000
24 Denmark $587,600,000,000
25 Greece $576,600,000,000
26 Portugal $508,300,000,000
27 Brazil $440,600,000,000
28 Korea, South $413,400,000,000
29 India $376,300,000,000
30 Poland $364,200,000,000
31 Mexico $352,900,000,000
32 Turkey $336,900,000,000
33 Indonesia $251,200,000,000
34 Hungary $202,000,000,000
35 United Arab Emirates $158,900,000,000
36 Argentina $141,100,000,000
37 South Africa $137,500,000,000
38 Kazakhstan $137,100,000,000
39 Qatar $137,000,000,000
40 Ukraine $135,000,000,000
41 Thailand $133,700,000,000
42 Romania $132,100,000,000
43 Saudi Arabia $127,400,000,000
44 Taiwan $127,400,000,000
45 Chile $117,800,000,000
46 Cyprus $106,500,000,000
47 Czech Republic $101,900,000,000
48 Iceland $100,200,000,000
49 Malaysia $98,650,000,000
50 Israel $93,560,000,000
51 New Zealand $90,230,000,000
52 Colombia $78,640,000,000
53 Slovakia $68,440,000,000
54 Venezuela $63,740,000,000
55 Philippines $60,340,000,000
56 Croatia $59,750,000,000
57 Puerto Rico $56,820,000,000
58 Pakistan $55,980,000,000
59 Slovenia $53,880,000,000
60 Peru $52,590,000,000
61 Bulgaria $50,540,000,000
62 Iraq $50,260,000,000
63 Malta $45,770,000,000
64 Vietnam $41,850,000,000
65 Latvia $39,810,000,000
66 Sudan $39,700,000,000
67 Egypt $38,820,000,000
68 Bangladesh $36,210,000,000
69 Belarus $34,120,000,000
70 Morocco $33,980,000,000
71 Serbia $33,410,000,000
72 Lithuania $32,840,000,000
73 Lebanon $32,640,000,000
74 Kuwait $28,210,000,000
75 Tunisia $25,400,000,000
76 Bahrain $25,270,000,000
77 Sri Lanka $22,820,000,000
78 Cuba $22,160,000,000
79 Estonia $21,980,000,000
80 Uruguay $21,070,000,000
81 Angola $19,650,000,000
82 Jordan $19,340,000,000
83 Bahamas, The $16,680,000,000
84 Dominican Republic $16,580,000,000
85 Guatemala $16,170,000,000
86 Ecuador $15,480,000,000
87 Jamaica $14,600,000,000
88 Costa Rica $14,470,000,000
89 Panama $14,200,000,000
90 Georgia $13,360,000,000
91 El Salvador $12,840,000,000
92 Korea, North $12,500,000,000
93 Ghana $11,230,000,000
94 Tanzania $11,180,000,000
95 Uzbekistan $10,460,000,000
96 Nigeria $10,100,000,000
97 Ethiopia $9,956,000,000
98 Oman $9,768,000,000
99 Kenya $9,526,000,000
100 Iran $9,452,000,000
101 Bosnia and Herzegovina $9,051,000,000
102 Syria $8,818,000,000
103 Congo, Democratic Republic of the $7,644,000,000
104 Armenia $7,629,000,000
105 Zimbabwe $6,975,000,000
106 Macedonia $6,807,000,000
107 Yemen $6,726,000,000
108 Moldova $6,132,000,000
109 Mauritius $5,768,000,000
110 Laos $5,599,000,000
111 Burma $5,448,000,000
112 Zambia $5,445,000,000
113 Albania $5,281,000,000
114 Nicaragua $5,228,000,000
115 Libya $5,054,000,000
116 Honduras $4,884,000,000
117 Mozambique $4,880,000,000
118 Papua New Guinea $4,860,000,000
119 Trinidad and Tobago $4,780,000,000
120 Cote d'Ivoire $4,742,000,000
121 Barbados $4,490,000,000
122 Algeria $4,344,000,000
123 Congo, Republic of the $4,225,000,000
124 Namibia $4,204,000,000
125 Bolivia $4,200,000,000
126 Uganda $4,126,000,000
127 Senegal $4,117,000,000
128 Azerbaijan $4,042,000,000
129 Cambodia $3,992,000,000
130 Nepal $3,774,000,000
131 Kyrgyzstan $3,666,000,000
132 Cameroon $3,343,000,000
133 Somalia $2,942,000,000
134 Mauritania $2,942,000,000
135 Gabon $2,758,000,000
136 Mali $2,725,000,000
137 Guinea $2,652,000,000
138 Madagascar $2,631,000,000
139 Mongolia $2,564,000,000
140 Burkina Faso $2,442,000,000
141 Paraguay $2,245,000,000
142 Tajikistan $2,200,000,000
143 Botswana $1,968,000,000
144 Chad $1,749,000,000
145 Montenegro $1,700,000,000
146 Belize $1,457,000,000
147 Seychelles $1,453,000,000
148 Niger $1,451,000,000
149 Bermuda $1,400,000,000
150 Afghanistan $1,280,000,000
151 Bhutan $1,275,000,000
152 Guyana $1,234,000,000
153 Equatorial Guinea $1,232,000,000
154 Malawi $1,214,000,000
155 Haiti $1,125,000,000
156 Guinea-Bissau $1,095,000,000
157 West Bank $1,040,000,000
158 Eritrea $1,026,000,000
159 Benin $953,500,000
160 Rwanda $937,200,000
161 Maldives $890,800,000
162 Faroe Islands $888,800,000
163 Sierra Leone $827,600,000
164 Djibouti $802,900,000
165 Cape Verde $741,300,000
166 Swaziland $737,300,000
167 Lesotho $715,400,000
168 Gambia, The $545,800,000
169 Grenada $538,000,000
170 Aruba $533,400,000
171 Suriname $504,300,000
172 Saint Lucia $471,400,000
173 Central African Republic $469,500,000
174 Antigua and Barbuda $441,200,000
175 Turkmenistan $429,100,000
176 Liberia $400,300,000
177 Kosovo $326,000,000
178 Sao Tome and Principe $316,600,000
179 Vanuatu $307,700,000
180 Comoros $279,300,000
181 Fiji $268,000,000
182 Dominica $253,800,000
183 Saint Vincent and the Grenadines $252,200,000
184 Samoa $235,500,000
185 Burundi $231,700,000
186 Saint Kitts and Nevis $189,100,000
187 Solomon Islands $166,000,000
188 Cook Islands $141,000,000
189 Tonga $118,600,000
190 Marshall Islands $87,000,000
191 New Caledonia $79,000,000
192 Micronesia, Federated States of $60,800,000
193 Greenland $36,400,000
194 British Virgin Islands $36,100,000
195 Nauru $33,300,000
196 Kiribati $10,000,000
197 Montserrat $8,900,000
198 Anguilla $8,800,000
199 Wallis and Futuna $3,670,000
200 Niue $418,000
201 Brunei $0
202 Palau $0
203 Macau $0
204 Liechtenstein $0
Central Inteligence Agency: https://www.cia.gov/library//publications/the-world-factbook/rankorder/2079rank.html


How can we have a situation where all countries of the world are massively in debt to an international bank. A bank that was supposed to help us. How can all these countries be strugling to pay back somthing that never existed in the first place. In the competition to pay back this virtual money they are exporting like crazy and wrecking their environment.
 
 

GO GREEN

The greenest thing we could do for this planet is to forgive all unpayable debt. Then sort out the money system. Each government treasury to issue its own currency debt-free and join a trading block of countries that circumvents the international banks and IMF.
 
 

INTERNATIONAL LOANS ARE NOT NECESSARY

The worst thing you can give a child is debt.
The worst thing you can give a country is debt.
I class money as internal and external. Economists mix these up. If a government owes money internally, is is comparitevely easy to pay off. Although it is entirely unnexessary. If the tax department and the treasury issueing the currency that the tax must be paid with are as one, no debt can exist.
External money requires exports of goods or services.
As external debts increase, some problems arrise:
  • Exports must increase.
  • Forex will hammer the currency exchange rate. This occurs because 80% of Foreign Exchange Market trading is by speculators not genuine traders in currency for import export purposes. We need to ban currency speculation.
 
 

QUOTES

Edward Griffin

Two international agencies were created at that meeting [Bretton Woods]: the International Monetary Fund and its sister organization, the International Bank for Reconstruction and Development - commonly called the World Bank.

The announced purposes of these organizations were admirable. The World Bank was to make loans to war-torn and underdeveloped nations so they could build stronger economies. The International Monetary Fund (IMF) was to promote monetary cooperation between nations by maintaining fixed exchange rates between their currencies. But the method by which these goals were to be achieved was less admirable. It was to terminate the use of gold as the basis of international currency exchange and replace it with a politically manipulated paper standard. In other words, it was to allow governments to escape the discipline of gold so they could create money out of nothing without paying the penalty of having their currencies drop in value on world markets.
[G. Edward Griffin; The Creature From Jekyll Island]

John Perkins 2011

(IMF) It's a servant of the corporatocracy, of economic hit men. One of my jobs as an economic hit man was to identify countries that had resources like oil and arrange huge loans for those countries from the World Bank and sister organizations. But the money would never go to the actual country; instead it would go to our own corporations to build infrastructure projects in that country like power plants and industrial parks; things that would benefit a few very wealthy families.

So then the people of the country would be left holding this huge debt that they couldn't repay. We would come back and say, "well, since you can't repay your debt, you have to restructure your loan." That's when the IMF comes in. So the World Bank makes the original loan and IMF shows up and says, "We'll help you restructure your loan, but in order to do that you have to meet certain conditionalities. You have to sell your oil or whatever the coveted resource is at a cheap price, to the oil companies without restrictions." Or they would suggest the country sell electric utilities, water and sewage, maybe even your schools and jails to private multi-national corporations. Or maybe allow military bases to be built; these sorts of things.

[As Chief Economist at a major international consulting firm, John Perkins advised the World Bank, United Nations, IMF, U.S. Treasury Department, Fortune 500 corporations, and countries in Africa, Asia, Latin America, and the Middle East. He worked directly with heads of state and CEOs of major companies. His books on economics and geo-politics have sold more than 1 million copies, spent many months on the New York Times and other bestseller lists, and are published in over 30 languages. John's Confessions of an Economic Hit Man (70 weeks on the New York Times bestseller list) is a startling exposé of international corruption.]

John Perkins 2011

The World Bank is a tool of economic hit men, there is no question about it. It's the tool of big corporations, the IMF and most of what we call intelligence agencies of the United States, CIA and NSA. Essentially the job of all these organizations is to help what used to be just US businesses – now we call them multi-nationals – get themselves established around the world in positions where they can exploit the world's resources, natural resources and human resources. All of these organizations are basically tools of what they call the corporatocracy. The men and a few women who run the biggest and most powerful corporations also run most of the government. Economic hit men help channel the resources of organizations like the World Bank and the IMF, the NSA and the CIA to support the larger agenda.

J.W. Smith 1994

The size of the debt trap can be controlled to claim all surplus production of a society, but if allowed to continue to grow the magic of compound interest dictates it is unsustainable. One trillion dollars compounded at 10 percent per year become $117 trillion in fifty years and $13.78 quadrillion in one hundred years, about $3.5 million for every man, woman and child in the Third World. Their debt is 50 percent greater than this and has been compounding at twice that rate — over 20 percent per year between 1973 and 1993, from $100 billion to $1.5 trillion [only $400 billion of the $1.5 trillion was actually borrowed money. The rest was runaway compound interest]. If Third World debt continues to compound at 20 percent per year, the $117 trillion debt will be reached in eighteen years and the $13.78 quadrillion debt in thirty-four years.
[J.W. Smith, The World’s Wasted Wealth 2, (Institute for Economic Democracy, 1994), P143]

J.W. Smith

Instead of developing the Third World, it is clear that the Third World dependency is a policy of the major powers, and the world leaders insist on restricting consumer buying power in the Third World as a price for what is essentially maintenance loans. Meanwhile, these same leaders easily agreed that West Germany must put $1 trillion into the former East Germany to simultaneously build industry, social infrastructure, and markets. And when the relatively poorer countries of Greece, Portugal, and Spain wanted to join the Common Market, these leaders “implemented a 15-year plan which included massive transfers of direct aid, designed to accelerate development, raise wages, regularize safety and environmental standards, and improve living conditions in poorer nations.”... Emerging former colonies receive no such care for their economies to become viable.
[J.W. Smith, The World’s Wasted Wealth 2, (Institute for Economic Democracy, 1994), P150]

President Obasanjo of Nigeria

All that we had borrowed up to 1985 or 1986 was around $5 billion and we have paid about $16 billion yet we are still being told that we owe about $28 billion. That $28 billion came about because of the injustice in the foreign creditors' interest rates. If you ask me what is the worst thing in the world, I will say it is compound interest.
[Jubilee 2000 news update, August 2000]

Gregory Palast 2002

Argentina owed $128 billion in debt [in mid 2001]. Normal interest plus the premium amounted to $27 billion a year. In other words, Argentina’s people didn’t net one penny from the $20 billion in “bailout” loans. The debt grew, but none of the money escaped New York, where it lingered to pay interest to U.S. creditors holding the bonds.
[Gregory Palast, Eyes-Only Memos Show Who Done It, Americas.org, 7 February 2002]

Bob Geldof 2004

Bob Geldof, Why Africa? Bob Geldof Speaks at St. Paul’s Cathedral, DATA.org, 21 April 2004

UNICEF

According to UNICEF, over 500,000 children under the age of five died each year in Africa and Latin America in the late 1980s as a direct result of the debt crisis and its management under the International Monetary Fund’s structural adjustment programs. These programs required the abolition of price supports on essential food-stuffs, steep reductions in spending on health, education, and other social services, and increases in taxes. The debt crisis has never been resolved for much of sub-Saharan Africa. Extrapolating from the UNICEF data, as many as 5,000,000 children and vulnerable adults may have lost their lives in this blighted continent as a result of the debt crunch.
[Ross P. Buckley, The Rich Borrow and the Poor Repay: The Fatal Flaw in International Finance, World Policy Journal, Volume XIX, No 4, Winter 2002/03]

IMF AND WORLD BANK

”The International Monetary Fund creates new money, out of thin air, using 'Special Drawing Rights,' a synthetic currency beyond the control of any sovereign nation. Every country the IMF and World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots.”
[Former chief economist of the World Bank, Joe Stiglitz, was fired in 2009.]

 
 

Linked Articles

How Does the World Bank Function? by Éric Toussaint and Damien Mille

Exposing undue corporate influence over policy-making at the World Trade Organisation

 
 
 
 
Public Banking -- it already works in the United States and is catching on! Twenty States are considering some form of state banking legislation.
publicbankinginstitute.org
 
  VIDEO


WORLD
Kyle Bass Talks

Kyle Bass: Japan and Europe

James Wolfensohn

China: Triumph and Turmoil

MONEY CREATION

97% Owned

Ben Dyson: Money Creation

How Banks Create Money out of Thin Air

The Ascent of Money by Niall Ferguson

Money As Debt

Economic Truth

CENTRAL BANKS

The Creature from Jekyll Island

FOREX

Billion Dollar Day

MONEY AND
WAR

All Wars are Bankers Wars by Michael Rivero

Was World War I the error of modern history? Niall Ferguson

DOCUMENTARIES
The Money Masters P1 of 22

The Money Masters P2 of 22

The Money Masters P3 of 22

The Money Masters P4 of 22

The Money Masters P5 of 22

The Secret of Oz by Bill Still

America — From Freedom To Fascism

Destruction of America's Middle Class

USURY

Slavery by Consent Pt.5 (Usury)

IMF WORLD BANK


World Bank creating poverty (BBC)

IMF & World Bank are weapons of war, by John Pilger

IMF & EU Conspired with Insider to Loot Cyprus Banks

INEQUALITY
USA Wealth Inequality

John Pilger - The New rulers of The World.


MEDIA

Media lies to manipulate us

CIA Media Manipulation

The media’s manipulative influence over your morals.

Constructing Public Opinion

US manipulated public opinion before Iraq war

Media War against Iran

Controlling Public opinion

Manufacturing Consent

DEMOCRACY

Corporatization of Media. Noam Chomsky

The War On Democracy : John Pilger

Gaddafi’s Green Book - Western Democracy is a Dictatorship

CORPORATISM

The Corporation

Ralph Nader, The Road to Corporate Fascism

Corporatism Explained

OTHER

Occupy Wall Street (Full Movie)

Zeitgeist: the Movie

The debt time bomb that is Britain.


 
 



The Great American Bubble Machine

Gangster Bankers: Too Big to Jail

People vs. Goldman Sachs

Secrets and Lies of the Bailout

Occupy Wall Street

The Scam Wall Street Learned From the Mafia

How Wall Street Killed Financial Reform

The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution

The Real Housewives of Wall Street

Wall Street's Bailout Hustle

Looting Main Street

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Looting Pension Funds

Ripping Off Young America: The College-Loan Scandall
 
  SUCKERS
You are in debt for virtual money that did not exist until the person that lent it to you, created it out of nothing. Then the same person charged interest on the virtual money that appeared out of nowhere. There is now more debt then money so someone will default on this non-existent virtual money. Lender now owns your house because you are stupid enough to believe that you owe him money that never existed before he lent you the money.
In fact you can actually create money your self. Its called the LETS scheme.
lets + scheme + money + creation
But a better way is to stop the corportate banks creating debt money. Then create money direct from Treasury in the same way that Treasury creates the Australian coins. Or create money from a government public bank.
public + bank
 
 
Ellen Brown
The Irish

Postal Savings Bank

Think Your Money is Safe

Making the World Safe for Banksters

Buyout of America

Fleecing Pensioners

Winner Takes All

Public Sector Banks: From Black Sheep to Global Leaders
 
 
Poisonous Million Dollar Pay Packages

Publicly Owned Banks

Leaking Syria Strike

Trans Pacific Partnership

No More Gambling With Taxpayer Money
 
 
MONEY SUPPLY AND DEBT
"Loans alone cannot sustain the money supply because they zero out when they get paid back. In order to keep money in the system, some major player has to incur substantial debt that never gets paid back; and this role is played by the federal government."
Ellen Brown in Web of Debt
 
   
 
Today we face a crushing burden of foreclosures, dropping incomes, and a financial elite that has bought our government. The elite consensus is powerful enough to prevent change, no matter who is elected. The situation seems, at least in electoral terms, hopeless. Yet, America has been here before, and has shown remarkable resilience in the darkest of times. So just how do we get the debate we deserve? How do we root out the corruption, greed, and fraud in our system? Clearly, the root of much evil in our system of government comes from the financing of political campaigns by powerful interests. And the Supreme Court has said that money is speech, and thus, protected by the Constitution. So we must pass a Constitutional amendment to speak back to the Supreme Court, and assert the primacy of government by the people.
getmoneyout.com
 
 
Derivatives: The Unregulated Global Casino for Banks

Who Loaned Greece the Money

Cyprus Financial Crisis: Deposit Confiscation

Illusion of Insured Bank Deposits

Food Stamp Nation

Presidential Elections

World In Debt

Cost of War

European Debt