Money As Debt (2 of 5)
compelled2283 asked:
Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
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December 31st, 2008 at 20:27
9 times the amount of money the bank has is created out of thin air. so yes some of the loan is from a “real” deposit but 90% of it is “made”. This is called inflation and it is the reason there is now a crisis.
If our money was back on a 100% gold reserve standard then the crooks who run the banks could not so easily control our elected officials. Do you not wonder why hundreds of BILLIONS and as much as 3 trillion dollars went to the banks with hardly a question asked?
But NOT GM and Ford
January 2nd, 2009 at 21:24
Dude–your original post is correct, with the exception that the Treasury pays interest to the Fed for the right to “borrow” money. The rest of this is just confusing the issue.
January 6th, 2009 at 05:59
I should have hit the reply button for both pieces that I posted. The feds write up was too long for one post. I was just trying to point out that if there was a surplus on the fed side (from the items listed in the second post) it would go to the treasury. I wasn’t trying to say that all interest goes back to the treasury. Considering how low interest rates are right now to banks, and the various wars that are going on, the “money” is most certainly headed in the feds direction.
January 7th, 2009 at 02:48
When they say “open market operations,” they are referring to buying treasury debt, which is sold by the Treasury department on the open market–they are the single largest holder of treasury debt. That simply means the treasury pays the federal reserve interest and that’s where most of their profits come from. Your quote is supporting evidence to what I wrote before–does that make sense to you?
January 10th, 2009 at 01:01
…Other sources of income are the interest on foreign currency investments held by the System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions (the rate on which is the so-called discount rate). After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.”
January 10th, 2009 at 11:19
Taken from the federal reserve website…
“How is the Federal Reserve funded?
The Federal Reserve’s income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations…
January 13th, 2009 at 09:10
Interest is paid to the federal reserve from the treasury, rather than to the treasury. Remember, the federal reserve is who the treasury borrows money from to finance federal budget deficits–the federal reserve then sells this debt to anyone who will pay for it (foreign interests more often than not).
January 13th, 2009 at 12:21
No problem.
January 15th, 2009 at 11:12
Yeah, I understand it all now. Thanks for the information though.
January 17th, 2009 at 17:38
I think it means it creates the impression that there is as much money coming in from deposits than there is being lent, when there would actually be much more money coming out than coming in.
January 20th, 2009 at 13:16
What does it mean when he says “supporting the general but misleading impression that loans come out of deposits”? He clearly tells us the system DOES create loans out of deposits. Am I really stupid for saying that I don’t understand this?
January 21st, 2009 at 18:52
Interest is paid to the U.S. Treasury according to the fed website. This is how the government gets away with deficit spending and entitlement programs. We are being taxed without even knowing it.
January 24th, 2009 at 21:37
What happens to the interest on the loans the central bank dishes out through currency?
January 25th, 2009 at 00:22
write any these things on your dollar bills: Money is Debt! $top being a $lave! Watch Zeitgeist Addendum!
January 26th, 2009 at 22:07
write any these things on your dollar bills: Money is Debt! $top being a $lave! Watch Zeitgeist Addendum!
January 28th, 2009 at 18:51
Its only specific banks (central bank here) who have high power money because that is the bank that backs up all smaller banks.
The small banks dont back each other up, and the central bank does not get any money from them. Probably doesnt even hand out loans to ordinary people.
Therefore only the central bank really has credit that actually backs the small banks and therefore its high powered.
Wow, i dont know if i made sense there, though i get it. I am bad with words.
January 31st, 2009 at 11:00
I have a question and please bear with me, how come the “newly opened bank” can issue 9 times more than what they actually own and is referred to as “high powered money” and the rest of the banks can only issue 9/10 or referred to as “commercial bank deposite” why can’t it be treated as “high powered money?” who decided who can issue high powered money or not? check minute 4:40
February 2nd, 2009 at 08:34
that basically is what it’s like.
February 3rd, 2009 at 10:55
That wikipedia article you mentioned, I just took a look at it, from the looks of it, the article was probably written by the same guy that made this. It even uses the goldsmith analogy. On the top of the page it says that this page may need, “cleaning up”
February 6th, 2009 at 15:05
my profile isnt working
February 8th, 2009 at 21:28
Really great. In particular, the bank building that eerily resembles the liberty st bankers trust building in NY.
You know, the building that really was hit by wtc debris, yet did not catch holy fire nor collapse.
I hope there is a subliminal meaning!
February 10th, 2009 at 17:53
You are totally correct Shiyne, thats where we as a global entity is going.
February 12th, 2009 at 15:42
Watch
Loose Change
Zietgeist
February 14th, 2009 at 20:22
STOP THE NEW WORLD ORDER!!!!!!!!!
If anything happens in 2012, it will be because of the H.A.A.R.P. This device can cause earthquakes, hurricanes, tornadoes, cyclones and many other disasters. Katrina was man made, the cyclone in burma was man made, the tsunami was man made and even the earthquake in china (may 2008). The government is trying to kill us off as part of their NEW WORLD ORDER! We must all unite against the zionists and kill them first! Fight the power and keep democracy alive
February 17th, 2009 at 18:53
I guess it says a lot that I still don’t understand the chicanery involved in the monetary system.