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Money and economics

Posted: Wed Jan 01, 2020 12:19 pm
by Lava
This video is a good start.

What creates money?



A few takeaways:

1. The Central Bank, whether it is the Bank of England, the US Federal Bank, is not a governmental agency. It is a private entity run by bankers for profit.

2. Money is essentially created out of nothing by the Central Banks, of which they make a profit, especially by lending the money to the government.

3. On 2015, the British government finally paid off it's interest on debt for the Crimean War, the First World War and the Napoleonic Wars.

4. In the US, we will shoulder almost 600 Billion in 2020 in interest alone. All monies going to private bankers as profits.

5. The movement towards "cashless" societies gives total control (taxes and surveillance) over those who rule you and make profits from the banking system.

I think we should all, think this over well. The big point, of course, is the national banks aren't national banks, they are private businesses. We, as tax payers, pay huge amounts of money to them via taxes, and when those businesses fuck themselves over, such as in the last financial crash, we then subsidize them to keep them whole.

The system is corrupt at its core giving veto power to bankers over nationally elected governments. And yet, we move further and further into debt and beholding into a system of international... well, for lack of a better word, slavery.

Happy New Years!