[Campaign] Fractional-reserve banking - Wikipedia, the free encyclopedia

[Love For Life Campaign]

*Hi Everyone.
Since I keep getting your emails I feel I should now join this discussion.

The issue is simply the distinction between renting money (credit) to 
the community for a fee or providing money to be used for the 
community** for FREE,** so the community can simplify the exchange 
(barter) of their goods and services, without any strings attached. As 
you already know, what you rent you do not own and what is free is for 
the benefit of everyone, because no one in the community owns it.

Everything falls apart when members of the community start claiming 
personal ownership of the money and sought more and more money to 
appease their self-centredness. Instead of being in duty to all men and 
women at all times, they decided to be in duty ONLY to their personal 
self-serving interests.

Greed and selfishness born from the desire for power, control and show 
became the focus of their lives instead of caring for everyone around 
them. Private Corporations who create ALL the credit out of thin air and 
who charge a rental fee for providing their product/services to the 
community, also get the benefit of having all their rented products 
returned to them in full, just like renting a car and returning it to 
the hire company.

When we are in duty to community (all men, women, children and nature) 
there is peace, freedom and prosperity amongst community, but when we 
start being in duty to our opinions, our beliefs, our faiths etc, there 
is no longer peace, freedom and prosperity amongst community, but 
arrogance, ignorance, fear, secrets, lies, greed, selfishness, chaos, 
war, injustice, distrust, separation, isolation, loneliness, 
unhappiness, emptiness, despair, poverty, famine, hatred, anger, 
violence, crimes, deception, collusion, corruption,  etc etc etc etc.

Should we not be focusing all our efforts every day on "Walking The 
Talk" by being in duty to each other and learn to let go of everything 
that stops us being in duty to each other? If each of us starts being in 
duty to each other, don't you think our world is already on the way to 
having a final everlasting peace, freedom and prosperity amongst all 
relationships, families and communities? As we change, the world 
changes. By caring for each other at all times we are rebuilding the 
bonds of real community life, but when we fail in our duty to each 
other, community begins to fall apart. The glue that binds community 
together is our duty to be in service to each other (community).

The way back home to heaven is paved with every stone we lay, born out 
of every action that benefits all of life. In fact, we are already in 
heaven while we are eternally paving the way through heaven with our 
love for all of life.

The challenge is to start re-creating real community life, first one, 
then two and a flow on effect takes place until there are thousands and 
thousands of them. There is no other way to fix ALL the problems of 
humanity. Are you ready and willing to give up everything you own and 
put into the ownership of real community life. While you hold on to what 
you own (self-centredness) community continues to fall apart until it is 
no more. Then what?

Arthur Cristian

*
marco saba wrote:
> We like to say 'out of thin air', but in fact it come
> out at expenses of the community at large (i.e.
> inflation tax).
> The debt-money is created out of liabilities stolen
> from the people with the hidden inflation scheme.
> They stole real assets (taxes, etc.) to repay the debt
> they created and are liable of.
>
> Kind regards,
>
> Marco Saba
> Italian School of Economics
> http://studimonetari.org
>
> --- Gee Temp <egt at wideband.net.au> ha scritto:
>
>   
>> Re: Fractional-reserve banking - Wikipedia, the free
>> encyclopediaG'day Col,
>> A long standing friend of mine was a bank manager
>> for some 20 years and one day I asked him where did
>> the money come from that he aiuthorized as 'loans'. 
>>  "Oh, most of it comes from overseas!" he said.   
>> "Whereabouts overseas?" I asked.   "Oh, the bigger
>> banks, BIS and World Bank."    "And where do they
>> get it?"   "Oh, it's printed as necessary according
>> to demand and balances."   
>> I had to say, "James, you haven't got a clue have
>> you?   It's created out of thin air!"
>> "Oh, no...some comes from within Australia but most
>> comes from overseas!"
>> I guess it remained a 'secret' to him, even after 20
>> odd years!!!!!!!!!!!   Ho hum.
>> Gee.
>>
>>
>>
>>
>>
>>
>>
>> ----- Original Message ----- 
>>   From: 
>>   Sent: Tuesday, June 12, 2007 7:23 PM
>>   Subject: Re: Fractional-reserve banking -
>> Wikipedia, the free encyclopedia
>>
>>
>>   Dear David
>>   Please forgive me but for expeditiousness my
>> replies are in blue immediately below.
>>   Dear Col,
>>   I always appreciate being told by people I don't
>> know and do not know me what I would comprehend or
>> not. No, David, I am not gauging/ranking your
>> comprehension abilities, you are ably doing that all
>> by yourself, the proof is in the pudding....look at
>> what you have written, no need to reveal anything
>> else.      Also its a good tactic to limit the terms
>> of the debate -- like me not wasting my time
>> parroting the words 'Banking Business', etc.    I'm
>> not limiting the terms of the debate in any way
>> whatsoever, actually quite the reverse,.......... by
>> early discounting of a clear piece of misinformation
>> (BS) the debate is instantly opened up!!(unless your
>> entire argument/debate was founded on the it (BS).
>>   Every few years I do the rounds of the political
>> groups here in Oz an interesting statement indeed,
>> what do you mean by "doing the rounds" and what is
>> your description of the "political groups"....i.e.
>> do you mean liberal labour, dems etc or other? to
>> see if any capacity has developed for real debate --
>> a Socratic Dialogue being too much to expect. The
>> usual thing has been to recite the creed, to declare
>> that all those 'who know what they are talking
>> about' support the creed and if anyone utters a
>> contrary view, insult them with a diatribe -- 'only
>> idiots Smirk smirk, do we have a classic case of the
>> pots calling the kettles black!! say what you say
>> and everybody knows that',and are they going BAAAA
>> BAAAA BAAA too!! etc. I did it again last year and
>> every group/political party lived down to my
>> expectations.You ought be happy that you weren't
>> disappointed!!
>>   The actual way credit creation works is NOT a
>> secret. It sure is to the sheeples, but it is not to
>> the lowlife that slither around the confines of the
>> towers of filth and corruption!! I am not not going
>> to make this cause celeb for but the next time I am
>> in a Municipal Libray I will thumb through some high
>> school economics textbooks and note title, please
>> chapter please and page numbers. please  I will also
>> keep an eye out in the financial press for the next
>> public report of the credit creation ratio I have
>> never seen these published..ever...a "report of the
>> credit creation ratio" will be marvellous to see!! 
>> currently being used. please    Also next time I am
>> in Martin Place I will pick up the Annual Reports of
>> some of the Trading Banks and note the credit
>> creation obvious  I have perused lots of ADI ARs and
>> AFRs and I have yet to sight a column headed "credit
>> created" or any thing remotely similar! from a
>> cursory glance at their balance sheets. It is these
>> "cursory glances" that is/are screwing the
>> sheeples... nobody is delving into detail!!   I will
>> also endeavour to get a copy of the Reserve Bank
>> Act. Not hard, go to
>>   You say that banks have denied credit creating in
>> the Courts????? That must be their lawyers talking.
>> So what?? Are the lawyers (liars for hire) there
>> peddling the lies of their clients or not??? If
>> they're not peddling the lies of their clients then
>> whose lies are they peddling and why is that party
>> not paying them????    Getting financial
>> advice/judgements from a lawyer a lawyer is not able
>> to give financial advice nor judgements!!!!   is
>> like having a suburban plumber pop into the
>> operating theatre of a hospital to sort your
>> entrails. Good!!!The plumber may well make a better
>> job of it!!!!!
>>   I look forward to your future revelations.
>>   Don't forget to answer....... "Costello's little
>> gang agreeing the Australian banks do indulge in the
>> act of CREDIT CREATION and are do'in it", yet the
>> Australian banks vehemently denying it. Who is
>> screwing who?
>>
>>   Regards
>>   David
>>   Many happy regards
>>   Col
>>
>>     ----- Original Message ----- 
>>     From: David Hall 
>>     To: Col 
>>     Sent: Monday, June 11, 2007 3:23 AM
>>     Subject: Re: Fractional-reserve banking -
>> Wikipedia, the free encyclopedia
>>
>>
>>     on 8/6/07 12:34 PM, Col at colbev at mynet.net.au
>> wrote:
>>
>>
>>       Dear David, 
>>       While you are right, the problem is
>> concentrated "power", in that part of ..........,
>> none of it could have happened without the aid of
>> the fraud that is "credit creation", a tool that has
>> been used to enslave the "stupid dumb sheeples".
>>       Of course, the fraud of credit creation is the
>> third greatest swindle in this world but no-one
>> seems to be able to understand it nor grasp/grapple
>> with the fact that it is a hideous crime. 
>>       For that reason you would not comprehend the
>> 1st and 2nd swindles, yet they stare you in the face
>> screaming at you!!!
>>       I note you state that "credit creation" is not
>> a secret, which I tend to agree with, however what
>> is a secret is the actual way it works as opposed
>> with the way that the know-alls teach the
>> know-nothings it works.(The blind leading the blind
>> if you will) 
>>       There is a world of difference between the
>> two.
>>       I have yet to sight a "TEXTBOOK" that tells
>> the truth.
>>       The simple fact is "credit creation" is pure
>> fraud.. nothing else!!
>>       I would be also pleased if you were to show me
>> exactly where it is, the Australian law that allows
>> credit creation, please quote it verbatim. 
>>       Please don't waste my time nor yours parroting
>> the words "Banking Business", they have no legs
>> whatsoever!!!!!!
>>       Interestingly, if as you say, "credit
>> creation" is not such a secret would you care to
>> explain why banks *sit up in courts and state "we
>> know nothing about credit creation, your **honour,
>> and we don't practice it either!!   (* I have
>> observed this happening with my own eyes and
>> ears!!!)      (**code for MY BROTHER
>> CROOK/THIEF/SWINDLER)!!!!!   Would you care to try
>> and explain away that small complication.
>>       I further note you state " the recently agreed
>> conditions for Tier One and Two Capital in Reserve
>> require the banks to keep a percentage of their
>> funds in liquid assets to be able to cover
>> emergencies".    
>>       Great stuff!!!!! Bammboozle the sheeple with
>> officious words .....tier 1, tier2,  Grossed,
>> Capital adequacy, Weighted averages, Accreted value,
>> Securitisation, Debentures, Aggregating, Derivative
>> liabilities, ACE ratios, AIFRS accounting, Noon
>> buying rate, Liquid assets, Equity, Non accrual,
>> impaired assets, Net cash, Minority interest,
>> Discounted, Coupons, Accellerated benefits, Voucher,
>> Broad money, Intangible assets, ETC, ETC, ad
>> nauseam. 
>>       Get the sheeple to glaze over and they're in
>> your trap of ignorance, right where they're wanted,
>> ......... your prisoner!!
>>       Really now!!! 
>>       Here is a wee task for you, if "credit
>> creation" is common knowledge (not a secret) and it
>> works the way that you think it does then show me
>> where it is accounted for in the ADI (Authorised
>> Deposit (taking) Institution.. aka Banks etc) Annual
>> Financial Reports.
>>       If this "Created credit" is being "created" by
>> the banks then it MUST be "written up" somewhere.
>> Where Indeed!!!  
>>       I look forward to your enlightening answer!!
>>       I have letters from Costello's little gang
>> stating "yes, yes, yes, the Australian banks do
>> indulge in the act of CREDIT CREATION and are do'in
>> it", yet I have replies from those same Australian
>> banks vehemently denying it.!!
>>
>>     
> === message truncated ===
>
>
>   

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