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truthfull
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Who has authority over money creation?
#23621202 - 09/07/16 08:52 AM (7 years, 4 months ago) |
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Seems there is a teemed out amount of focus on the current inequality that society has allowed. This is great bc now people realize it's paramount that we need to change something.
Often what's cited is a hanger in politics, but greed often consumes people's good willed intentions.
So who has authority of the money creation let's say in the us? Bc surely if largest sums of money is being used to keep these social inequalities strong than who is issuing this and who has authority over this entity?
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Asante
Mage


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Re: Who has authority over money creation? [Re: truthfull] 1
#23621499 - 09/07/16 10:41 AM (7 years, 4 months ago) |
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Central banks. In the US - the Federal Reserve.
Watch this. Its the truth, slightly dramatized for entertaining viewing:
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flickedbic
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Re: Who has authority over money creation? [Re: Asante]
#23622026 - 09/07/16 01:27 PM (7 years, 4 months ago) |
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That was a surprisingly good look at the Rothschild (in the movie -"Red Shield" as the name translates) bankster conspiracy... the American arm of which being the "Federal" Reserve.
"It is well that the 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." -- Henry Ford
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers" (...) "Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden in 1932 (Rep. Pa)
"The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class." -- Rothschild Brothers of London, 1863
Quote:
Napoleon said: — “When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.” — The Federal Reserve Bank is a consortium of 9 Jewish-owned & associated banks with the Rothschilds at the head: $1. Rothschild Banks of London and Berlin
$2. Lazard Brothers Banks of Paris
$3. Israel Moses Seif Banks of Italy
$4. Warburg Bank of Hamburg and Amsterdam
$5. Lehman Brothers of NY
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express)
$7. Goldman, Sachs of NY
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders)
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).
http://www.realjewnews.com/?p=177
http://www.globalresearch.ca/the-federal-reserve-cartel-the-eight-families/25080


Edited by flickedbic (09/07/16 02:19 PM)
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Razare
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Re: Who has authority over money creation? [Re: flickedbic]
#23639738 - 09/12/16 08:18 PM (7 years, 4 months ago) |
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if you study it out, really the central bank is not the one creating all the money. They make it seem like it is the one, and they have told college professors to teach this, but it's not true.
Economist Steve Keen gives good insight on this from the UK.
The banking institions themselves create money, and the central banks are the governing authorities that regulate these banks and underpin them in terms of trust, but the banks themselves decide how, when, where and why to create money based on fractional reserve banking.
Fractional reserve banking is me depositing 1 dollar into the bank, and them loaning out 0.70 cents. Then, that person that was loaned the 0.70 cents, puts it in a bank. That bank then loans out 0.49 cents on the 0.70 cents. It keeps going, shrinking each time based on the reserve requirement. As it goes to infinity, it approaches 0.00 cents.
Now, the biggest money creators in recent years are derivatives. 700 trillions of derivatives worldwide.
--------------------
  2016 was a good year, +5 lb of Morels, and I ate 8 new species of wild mushrooms: Herecium, Chanterelles, Black Trumpets, Parasol Mushroom, Fairy Ring Mushroom (marasmius oreades), Wild Oyster, Slippery Jacks, Honey Mushrooms (found over 100lb, froze 4lb in my freezer.) Reference Pictures for Mushrooms
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qman
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Re: Who has authority over money creation? [Re: Razare]
#23640012 - 09/12/16 09:46 PM (7 years, 4 months ago) |
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Quote:
Razare said: if you study it out, really the central bank is not the one creating all the money. They make it seem like it is the one, and they have told college professors to teach this, but it's not true.
Economist Steve Keen gives good insight on this from the UK.
The banking institions themselves create money, and the central banks are the governing authorities that regulate these banks and underpin them in terms of trust, but the banks themselves decide how, when, where and why to create money based on fractional reserve banking.
Fractional reserve banking is me depositing 1 dollar into the bank, and them loaning out 0.70 cents. Then, that person that was loaned the 0.70 cents, puts it in a bank. That bank then loans out 0.49 cents on the 0.70 cents. It keeps going, shrinking each time based on the reserve requirement. As it goes to infinity, it approaches 0.00 cents.
Now, the biggest money creators in recent years are derivatives. 700 trillions of derivatives worldwide.
Yes, you are correct that the banks themselves are the creators of credit (money), but in many cases banks loan out $5 to $25 dollars for every $1 dollar on deposit.
That's why just a small amount of bad loans can make a bank completely insolvent, most people don't realize this fact.
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ch1ck3n.s0up
Troubled Loner



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Re: Who has authority over money creation? [Re: qman]
#23643198 - 09/13/16 10:00 PM (7 years, 4 months ago) |
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In the USA, the Federal Reserve, but some say that control of the Fed rests in Europe/England with the Rothschilds family.
More recently, instead of physically printing more money to create it, the Fed has been buying bank-issued bonds, which effectively creates new money and puts it in the hands of JPMorgan, Goldman, etc. This program is called "Quantitative Easing," and 3.5T (trillion) dollars were created this way over the last few years.
About 20% of the QE money is being used to manipulate the stock market and apply monetary policy. The other 80% rests in Federal Reserve accounts earning 0.25% interest.
-------------------- "Inspiration ~ Move me brightly ~ light the song with sense and color ~ hold away despair ~ more than this I will not ask ~ faced with mysteries dark and vast ~ statements just seem vain at last" --Jerry Garcia, Terrapin Station "Officer, I'm going to remain silent, and I would like to speak with a lawyer. I'm not resisting, but I don't consent to any searches.
Edited by ch1ck3n.s0up (09/13/16 10:03 PM)
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