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![]() Derivatives: The Unregulated Global Casino for Banks
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![]() Who Loaned Greece the Money
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![]() Cyprus Financial Crisis: Deposit Confiscation
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![]() Illusion of Insured Bank Deposits
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![]() Food Stamp Nation
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![]() Presidential Elections
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![]() World In Debt
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![]() Cost of War
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![]() European Debt
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To privately owned international banks that create the money out of thin air. | | ![]() | | ![]() |
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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. | | ![]() | | ![]() |
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![]() | | ![]() | | | ![]() 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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Sovereign debt to government income. Notice how they are all in debt!
![]() greshams-law.com | | ![]() | | ![]() |
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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 | | ![]() | | ![]() |
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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 | | ![]() | | ![]() |
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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.
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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
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of American households are in debt.
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of all bankruptcies are caused by medical debt.
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Student debt has exploded.
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1 in every 7 Americans is being pursued by a debt collector.
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of indebted households used credit cards to pay for basic living expenses. | | ![]() | | ![]() |
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The Move Your Moneycampaign -- 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. | | ![]() | | ![]() |
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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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publicbankinginstitute.org
Kyle Bass Talks
lets + scheme + money + creation
Derivatives: The Unregulated Global Casino for Banks
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