Tags: ASX, Bank, Banks, circulation, Corporations, Fractional, Fraud, Global, How. the, Mulitiply, Occupy, Occupy ASX, Occupy Australia, Occupy Sydney, remove, Sydney, system, the
This entry was posted on November 5, 2011 at 1:59 pm and is filed under The Point. You can follow any responses to this entry through the RSS 2.0 feed.
What an education..!!!!!!!, i feel like walking into westpac and saying you bloody frauds give me my money back you lying bastards..!
the pain and suffering banks have caused to Billions of people thoughout the world not just for decades..but centurys beggars belief..!! WE NEED A NEW SYSTEM A NEW BEGINNING..THE BANKSTERS (GANGSTERS).SHOULD BE JAILED NOW..!!! is it true variable interest rates are unlawfull.? keep up your great work my friend..!!
I try not to dive in too deep when it comes to fractional multiplication because its pointless trying to prove It doesn’t happen when the banks make the rules up as they go but if one can logically asks one self the following questions one will come to the conclusion fractional multiplication is most defiantly NOT creation & any expansion that purports to issue money into circulation only after we issue one of our very own promissory obligations upon any purported loan doesn’t quite add up.
1) If the bank can’t prove what it gives up of value or risks of value of its own in any purported loan to one of us , well there is no debt to the bank, if there is no debt to the bank how then can one justify expansion?
2) If banks are lending infinite amount of money having only to keep 10% reserves why not 100% if they are not violating their own law?
3) How then is all the private debt justified if fractional multiplication is secondary to our very own promissory obligations? ,taking into consideration no money ever comes into existence until one of us walks into a bank & signs a promissory obligation allowing multiplication to continue as a consequence or symptom of the banks purposed obfuscation of our very own promissory obligations we have to each other.
4) How then is charged interest justified if principal ONLY is ever introduced into circulation upon a sale or transaction after we issue the very first issuance of lawful consideration of value by signing one of one of our very own promissory obligations?
5) If interest is charged to us on one of our purported loans would it not perpetually short the circulation that only ever consisted of some principal at most?, indeed if this is case there would be a need for a bank to dream up all these illusive ways EG: fractional multiplication, only to purport to expand money.
6) If we create all money on conception & interest is not created into circulation how then dose fractional multiplication purport to expand all this money out of thin air or nothing when circulatory deflation is depleting at a greater rate than any inflationary measures of circulatory inflation by means of national debt ,EVIDENT by increasing national debt , sell offs of national assets , NEW tax’s ,price inflation etc? ( we are not in a wash of cash are we now )
Just something to think about folks
what the hell is mpe never heard of it my cusin is an accountent looked at his text books and on the net can’t find it sorry must be garbage END THE FED AUDIT THE FED
Only taken you people 80 years to catch up to the truth (albiet still a bit distorted) but congratulations. Have a read of articles by any Austrian economist on mises.org and learn. They developed the theories that explained what caused the economic boom/bust cycles back in the early 20th Century (which was based on yet earlier works of the French).
Read “Human Action”, “The Road to Surfdom”, “Man vs State” and the introduction to “The 1929 Great Depression”. Watch “The Money Masters” and “Debt as Equity”. Learn what “comparative advantage”, “marginal utility” and “time preference” all mean. Understand how to read financial reports both coporate and government. Knowledge is power.
Unfortunately you people don’t yet understand the full implications of how the system works and worse still the politicians think that the economic theories of Keynes are the cure because it allows them to splash around more cash to buy your votes.
Remember socialism is poverty, shared equally. Don’t fall into the trap that socialist idealism will work – it can’t because we all have different skills and different resources. Individual entrepreneurs are the key to prosperity. Individual greed is good – without it we would still be in the trees. Democracy is a scam designed to let the state control and own you.
With regard to asking the government for assistance, think; where does the money come from for that welfare. 80% of your taxes represent that welfare. Rather than have an entitlement mentality, practice personal responsibility.
By the way “fractional multiplication” is more correctly called fractional reserve banking.
On Fractional Reserve Banking in Australia please check with APRA the regulator for the reserve deposit ratio since 1982 or therabout it is now not 10% but much lower than that, brought about by deregulation/self regulation.
The tiny amount now kept as a reserve has added to the reasons why banks can fail more quickly as indicated in the vidio talk on this site if there is a large withdrawal of deposits or derived from debt defaults as it gets harder to find the money to pay interest upon this fraudulant ponzi scheme.
Thank you for a very good talk on this much understood subject great work!