Bank lending for house price bubbles, real businesses, and financial market speculation.
People are always trying to find ways to work smarter, be more productive, and become successful. We push ourselves to the limit, but how often do we think about the best way to do things at the national level? The first thing we ought to do is fix our broken economy. That’s the greatest thing we could do to help the poor. In addition, that will make it easier for each of us to achieve personal happiness. The question is, how can we “fix” the economy?…
When money is being siphoned at the top, we’re all being robbed, no matter how productive we may be as individuals. Unfortunately, that’s precisely what’s happening. This video posting is about how we can change that. Like most good things, it starts with education.
The following quote is attributed to Mayor Amschel Rothschild (1744-1812), the founder of the Rothschild banking dynasty::
Let me issue and control a nation’s money and I care not who writes the laws.
Unfortunately, bankers continue to create our money. I am passionate about reversing this condition by educating everyone I can about the need to restore this immense power back to the people.
Henry Ford knew something about the importance of the power to issue money:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Recently, I discovered this video, which was produced in the U.K. This short video makes our U.S. banking system (which resembles that of the U.K.) and the related problems incredibly easy to understand. It aptly conveys some of my main concerns, and presents a simple, 3-step solution.
For your convenience, here’s a written summary of the video contents::
More than 97% of the money in our economy is created by banks when they make loans. Most of it goes into house price bubbles and gambling in financial markets. This has led to high personal and government debts.
Here are the 3 simple changes:
1. Take the power to create money away from the banks and return it to an accountable, democratic, and transparent process.
History has shown that when banks have the power to create money, they make too much in the good times and too little in the bad times.
The banks invest only a small amount of money (13%) into businesses outside the financial sector.
Regulation never works. Moreover, we can’t trust politicians to issue the currency any more than we can trust the banks.
We need a new committee. This committee must be accountable to the Congress (or Parliament) and sheltered from vested interests. The committee would ensure that the right amount of money is created.
2. Money must be created free of debt.
We have to pay interest on nearly every dollar in existence. When people repay their debts, that money disappears from the economy, making it harder for the rest of us.
3. Have money come into the real economy before it reaches financial markets and property bubbles.
Money should be spent into the economy on a debt-free basis. This will stimulate the economy and create jobs instead of increasing debt and inflating the next financial bubble.
I’m excited to know that other concerned, knowledgable people have independently come up with ideas very much like my own. This confirms, as I hope you’ll agree, that we already know the right solution!
I’ve written about our monetary system, the nature of money, the problems, and proposals for change at these links:
When you see something like this, you may feel as if you can’t make a difference. In reality, you never know! If you agree with this cause, all you can do is share this post with anyone who might be interested.
Some things that we try to do for others won’t make an earthly difference. We can’t control outcomes. But know this… God sees when you are trying to make a difference, and that does matter!