Money Reform
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Money as Debt II, Promises Unleashed
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The Money Masters- How International Bankers Gained Control of America
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24 June 2009
One of the unfortunate side-effects of the current scandal over MPs expenses is that it seems to have taken people’s minds off that other group of perennial fiddlers, the banks.
The difference is, of course, that whereas MPs expenses amount to thousands of pounds, bankers bonus’ are measured in the millions. And whereas MP’s perks consist of such day-to-day items as floating duck islands and cleaner moats, the ultimate outcome of the present banking system is nothing less than total domination of the whole world by a few powerful institutions.
Everywhere you go you see the same thing. In the middle of every major city, in every country, there are huge buildings of glass and steel which tower above the city landscape like imperious statements of wealth and power. Invariably these buildings are banks.
How did the banks grow so big and come to dominate our world?
How come we have let them?
The process is insidious. Most money in existence does not consist of the notes and coins we carry about in our pockets, but is in the form of debt to banks. The banks create this money out of thin air. This is the simple and startling fact. The money we owe did not exist until the moment we signed the contract to pay it back.
This is known as Fractional Reserve Banking. Banks do not only lend out money deposited with them by savers, but are legally entitled to lend out many, many times this figure.
Thus banks create money. They create money as debt. They create money as debt and then charge interest on it. Thus our money is already devalued even at the moment it is created, since the amount lent out is always less than the amount which has to be paid back.
This is the cause of inflation and it forces us to borrow even more money to cover the difference. Thus there can never be enough money in the entire world to pay off all the debts owed to the banks, and the banks will, in the end, own everything.
And here’s you worrying about MP’s floating duck islands.
- Money Reform Party
The Money Reform Party exists to educate the British people and their politicians about the money system and to campaign against the creation of the money supply by private banks.
About the Money Reform Party
The Money Reform Party was founded by Anne Belsey in 2005. In June 2009 Anne stood as a candidate for the Kent County Council elections in Whitstable. She can be contacted via the Money Reform Party website, to the right.
- CJ STONE
"Stone writes with intelligence, wit and sensitivity" Times Literary Supplement - CJStone on HubPages
Hello. If you are a writer you are welcome here. It's a weird compulsion we share....
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Comments
Hi Steve, check out the link to the Money Reform Party. It's very interesting.
Money out of thin air. Yes! That's what banks do. Unforunately, when you and I do it, it's called an overdraft...and we have to pay a fee to the bank too. They've really got us coming and going, don't they?
I think part of the current problem is that absolutely no-one actually understands what is happening, it's got too complicated
Chris, this is a short and sweet version of CWB's hub on usury. I like it! It's a great conjuring trick this, money from thin air. If we all shook off the shackles of debt, do you think the banks might implode? The banks certainly have a lot to answer for.
Amanda, the reason why the story is so short is that it's based upon my Whitstable Gazette column: exactly 350 words long, no more, no less. It's an art in itself to be able to say anything in that number of words. Glad you think I managed it.
LG, no it's not at all complicated. The complexities are there to cover up the simple fraud that is going on: banks create money out of thin air and then charge us interest on it. It's the process by which banks (and bankers) grow immensely rich at the expense of the world economy as a whole.
Hi JamaGenee, yes, they've got us both ways on this. But the big question is, why do we let them them do it?
great explanation of how banks create money out of thin air. thumbs up on su!!
Dear Sir/Madame/Ladies & Gentlemen/Brothers & Sisters/Friends:
"IF I COULD CHANGE THE WORLD, THE FIRST THING I WOULD DO IS TO MAKE SURE THAT EVERYBODY HAD ENOUGH INCOME TO MEET THEIR BASIC NEEDS." - Paul Bathurs
'COMPOUND INTEREST ON DEBT WAS THE BANKERS' GREATEST INVENTION, TO CAPTURE AND ENSLAVE, A PRODUCTIVE SOCIETY." - Albert Einstein
"Do not store up for yourselves treasures on earth...But store up for yourselves treasures in heaven...For where your treasure is, there your heart will be also." - Matthew 6:19-21
"Radix omnium malorum cupiditas est." ("The love of money is the root of all evils.") - 1 Timothy 6:10
We Are Aware That The Present Financial Rules Are Systematically Based Upon The Vast Sea Of Lies And Built On Sand, And Not Upon The Truth And Not Built On Rock.
Money under the present system vanishes, and repercussions are tremendous and as quality of life is dangerously in the cliff of deterioration and worse of all---- it is life-soul-killing, and we face nothingness, and the only the solid reality is the word of God. THE PRAYER IS: LORD HOW LONG THE POWER THE MONEY ENDS IN OUR LIVES?
WE FACE THE ULTIMATE MAJOR DISASTER as inevitable unless there would be reversal of policies. Reversal is possible through Social Credit Monetary Reform System. C.H. Douglas wrote in his "Economic Democracy", "Systems were made for men, and not men for systems, and the interest of man, which is self-development, is above all systems.
Christian Philosophy and Social Credit Philosophy are one. And let us continue the crusade and build army of Social Crediters all over the world.
Please consider to help me build armies in the Philippines in 2009 until 2015- my political participation in the election.
We must be the source of inspirations and hope at least in the 21st century, after all we will pass away in this world and our legacy for generations yet unborn is the honest money system.
I do believe we can have an honest money system that reflects the word of God and that is the Philosophy of Social Credit and its policy of monetary reform. Social Credit Philosophy is rich and we must continue to discover the truths in it. BUT AT THIS TIME OF GLOBAL FINANCIAL CHAOS AND COLLAPSE, AND AS WE CONTINUE TO FACE THE DEADLIEST CASUALTIES OF POVERTY, DEBT AND HUNGER, we are in the state of global emergency, not only in the Philippines, or in the third world nations, but to most nations on earth under the imperialism of debt money system. And for this reason alone, WE MUST FOCUS ON THE POLICY OF MONETARY OF THE PHILOSOPHY OF SOCIAL CREDIT.
MY MULTI-PURPOSE AND TERRIBLY RISKY ROLES IN THE PHILIPPINES :
We are expecting hunger and starvation in the region but somehow we have to prepared in one way or another. At least one of us can survive in the super storm of financial crisis and poverty in this country.
No one can deny it is an easy task but what is good is that I have to keep going at least sometimes that I am alive in this country. I may pass away someday and no one would be bothered anymore about money.
PLEASE HELP MY BOOK TODAY:
For our critical mission and survival in the Philippines:
I invite you to consider to buy a copy or sponsor copy(ies) of this book. Please find time to take a look below as part of your solidarity with our critical plight and mission in the Philippines.
This could be my "very desperate measure" this time to continue the torturous struggles in the Philippines. And I hope you will consider. I need to raise funds for the campaigns and help those desperately poor and the needy in our villages, in our province to keep them alive while I am working on sustainable projects.
The cost of sponsoring or purchasing 7,000 copies of book is likely just a leaf from the vine and drop in the mighty ocean from the pocket of any billionaire or millionaire or a just like a sacrificial personal help of the one who has disposable income.
I appeal that this be forwarded to all concerns. If you do not like to purchase any copy, please consider to help us financially for the following purposes below:
1. Monetary Reform Educational Campaign
2. Credit Union With Convertibility To Local/Alternative Currency
3. Acquiring & Establishment of Social Credit National Headquarters in the Philippines , For Other Livelihood/Shelter Projects
4. For 2010 Political Participation
5. To Help Promote my My Own Book in 2009-2010
THE SAVAGE CRUELTY OF DEBT
6. For Survival/Emergency Needs/Calamity Preparedness
7. Intermittent Solidarity and Charity To those families and children who suffer hunger and starvation in the region. We have just been damaged by the recent successive typhoons and floods.
This book is originally “not designed for profit-making” venture except in a possible fund raising for the campaigns and for our survival in the Philippines.
This book is a compilation of my articles over the years on Social Credit monetary reform in the Philippines. The idea of monetary reform, much more the Philosophy of Social Credit, is very remote and strange to most Filipinos, except with the very few who have the common sense to understand the meaning and impact to Philippine situation under debt-finance.
The major goal of this book is to educate the native Filipinos in the countryside of their financial-economic bill of rights, and thus mobilize them in the process to form a strong public opinion about the debt and poverty issues: the effects and the root-causes and pressure the Philippine Government to effect the necessary change through the reform of the money system by legislation from being debt-based to debt-free economy to find the schemes and mechanisms to provide financial-economic security to every citizen from the conception to the grave. Most of my articles in this book are pragmatic, straightforward, bold enough to the issues for the Filipino people and written without ambiguities for the common and direct understanding of Filipinos in the countryside. I do hope that the presentation of issues in laymen’s terms, the diagnosis of the root-causes of the problems of debt and poverty and the proposed solutions and ideas shall help to build and activate in a new way a coalition of common causes and forces for a real change for the Philippines in the 21s t century.
The campaign for monetary reform is for all Filipinos, irrespective of educational backgrounds, titles, status, also gender, tribal races, religions and sects, orientations, belief systems and even philosophical and political persuasions. According to latest Philippine statistics, there are more than 80 Million Filipinos, and 70% to 80% are in the traps of poverty. I prognosticate that this is a great opportunity for the large percentage of the population in poverty to reverse the situation by urgently reforming the money system to realize the rewards and benefits of economic security and prosperity due to every Filipino citizen. This is possible if there will be at least one million campaigners for monetary reform for the next five to ten years time. Today, I invite you to join in this campaign.
Let this book inspire, stimulate and usher a new kind or form of unique non-violent revolution in the Philippines in the 21st century.
Eric V. Encina
ericencina@yahoo.com
THE BOOK TO END THE SAVAGE CRUELTY OF DEBT AND POVERTY
IN THE PHILIPPINES
Title : THE SAVAGE CRUELTY OF DEBT I
Author: Eric V. Encina
Publisher: Lulu.com , USA
Copyright: © 2009 Eric V. Encina Standard Copyright License
Language: English
Country: United States
Edition: Fifth Edition
Version: 1
Keywords: Financial Security, Debt Free Money & Monetary reform
Category: Business & Economics
I.D.: 7422277
Description:
This book demonstrates how dreadful are most IMF's and World Bank's debt finance projects, and educates all citizens in the countryside of their financial-economic bill of rights. We mobilize them to form a strong public opinion against the odious debts, and all debts and interest f
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Bard of Ely says:
6 months ago
Excellent hub and the whole matter explained in simple terms! The world is run by the banking families.