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Items tagged with: money

And now, Magali made full english subtitles of the 2013 Relative Money Theory presentation at the RMLL 2013 in Brussels, just see

#RTM #TRM #money #free #fairmonaie #monnaielibre #ucoin #revenudebase #basicincome #rentabasica #grundeinkommen
#greece

#money only works as long as we believe in it. in that sense, #dollars and #euros are equal. but as brandon points out, the system is only held together by fantasy.

The U.S. And EU Will Collapse Regardless Of Economic ''Contagion''

A dishonest narrative is being perpetuated by the establishment that if Greece falls, defaults or leaves the EU, this could trigger a domino effect of other nations hitting a debt wall and following suit.
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cranston 5 years ago from Diaspora
Obrázek/fotografie

Money and Life





http://documentarystorm.com/money-and-life/

#moneyandlife #money #life #documentary #economics #world #future #teague #global #family #society #cooperation #sharing #abundance #people #nature #values

Money and Life

In today’s modern society, money has become the main objective and the ulterior motive to basically everything. People are willing to waste their lives awa
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Sylvia J 5 years ago from Diaspora

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Lesser or Greater Evil

People have been captured by the 1%



“Just like the political parties, we have been captured by the 1%. We cannot imagine a different world, a different economic system, a different media landscape, because our intellectual horizons have been so totally restricted by the media conglomerates that control our newspapers, our TV and radio stations, the films we watch, the video games we play, the music we listen to. We are so imaginatively confined we cannot even see the narrow walls within which our minds are allowed to wander.”

Jonathan Cook on the aftermath of the UK general election.

Reference:

http://socialist-courier.blogspot.co.uk/2015/05/lesser-or-greater-evil.html

#slavery #capitalism #WageSlave #corruption #money #99Percent #socialism #economics #democracy #media #propaganda #corporations #news #mindcontrol #WSM #imagine #imagination #freedom
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Mark Lansbury 5 years ago from Diaspora

Teach your child about money, currency and fractional reserve banking



http://www.learningmarkets.com/understanding-the-fractional-reserve-banking-system/

#parenting #children #money #currency #debt #fractionalreservebanking

Learningmarkets: Understanding the Fractional Reserve Banking System

When you put your money into a savings account or a checking account at a bank, the bank doesn't just sock it away in a vault underground somewhere. Instead, it lends your money to other individuals and companies who need it.
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Ulf Ayirtahsk Berg 5 years ago from Diaspora

Tumbling Interest Rates in #Europe Leaves Some Banks Owing #Money on Loans to Borrowers



source: http://www.wsj.com/articles/as-interest-benchmarks-go-negative-banks-may-have-to-pay-borrowers-1428939338
At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.

The problem is just one of many challenges caused by interest rates falling below zero, known as a negative interest rate. All over Europe, banks are being compelled to rebuild computer programs, update legal documents and redo spreadsheets to account for negative rates.
...
“I’m going to frame my bank statement, which shows that Bankinter is paying me interest on my mortgage,” said a #customer who lives in #Madrid. “That’s financial #history.”
#Spain #news #financial #banksters #system #EU

WSJ: Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers (Patricia Kowsmann)

Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country's seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.
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Anonymiss 5 years ago from Diaspora

Iceland To Take Back The Power To Create Money



http://www.theautomaticearth.com/2015/03/iceland-to-take-back-the-power-to-create-money/
Obrázek/fotografie
Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled “A better monetary system for Iceland”.

Under the so-called Sovereign Money proposal, the country’s central bank would become the only creator of money. “Crucially, the power to create money is kept separate from the power to decide how that new money is used,” Mr Sigurjonsson wrote in the proposal. “As with the state budget, the parliament will debate the government’s proposal for allocation of new money.”

Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.

Iceland at the forefront of real revolution. Iceland – If you do this, I'll salute and celebrate you. This is the kind of change the west need, I can only hope it will be implemented and be successful.

#Economy #CentralBank #CommercialBank #Iceland #Money #Parliament #Revolution

The Automatic Earth: Iceland To Take Back The Power To Create Money (Raúl Ilargi Meijer)

Gottscho-Schleisner Plaza buildings from Central Park, NY 1933 Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament.
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Palantír 5 years ago from Diaspora

25 Facts About the Federal Reserve




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Unelected, unaccountable central planners from a private central #bank run our financial #system and manage our #economy. There is a reason why financial markets respond with a yawn when Barack #Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben #Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the #FederalReserve that everyone should know…
  • The greatest period of economic growth in #US history was when there was no central bank.
  • The #UnitedStates never had a persistent, ongoing problem with #inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.
  • Even using the official numbers, the value of the U.S. #dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.
  • The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the #WallStreet banking establishment.
  • In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
  • The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in #banking and the #economy has expanded.”
  • It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal #government to the #bankers.
  • Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the #GreatDepression.
  • If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “#dotcom bubble”, the Federal Reserve created the “#housing bubble” and now it has created the largest bond bubble in the history of the planet.
  • According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret #loans to the big banks during the last financial #crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
  • The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.
  • The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the #stockmarket to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
  • We were told that the purpose of #quantitativeeasing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
  • Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.
  • The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.
  • The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
  • The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
  • The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
  • The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.
  • The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
  • The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual #debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
  • The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
  • If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
  • According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin #Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
  • There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the #IMF have a #centralbank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
#capitalism #fascism #dictatorship #banks #petrodollar #fiatmoney #currency #fail #fuckthesystem
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himindri 6 years ago from Diaspora
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