Topic: The production of money... is SCAM! - page 5. (Read 4491 times)
USA Central banks or the FED always print paper money because they are realize USD needed in global market and USD is global currency. They print from thin air and from what i am read, they never audited and always refuse when kongress want to.
When you deposit money into your bank account, the money isn't your anymore, You lent it to the bank with a promise from them that you can get your money back at any time
Most people don't trust themselves to take care of fund storage. In their world it's much saver to have a bank take care of their funds than themselves, and they technically aren't even wrong in that regard.If you only have a few thousand dollars in savings you can hide it somewhere yourself, but what if you have like $250k or more? No one in his right mind would want such a large amount of money to be sitting at home.
Bitcoin is a great way to hedge a part of your net worth, but you can't go all in for obvious reasons, so there you have the bank pop up again. We depend on them more than most people think they do.
The production of money in every country is not scam because there are appropriate value of the national treasury in making and producing money , because if the country intend tobproduce many money ,this will make the goods have high prices because there are a lot of supply of money in that country.
In every country, government is the biggest player and wouldn’t lose its control. Most of fiat money doesn't exist physically, only in a database, money is made from nothing, and literally bitcoin is used for decades. The main argument now “is it kept centralized or not?”.
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
Thats why central banks do not like and afraid with cryptocurrency like bitcoin. Bitcoin creating a transparancy in financial system and no one can change the data supply and transaction.
As we can slowly observed, cryptoccurrencies are being studied by the government and wanted to make some ways to somehow be more useful and just go with the flow of what the technology's main purpose. It is not that they don't accept, but finding the best solution to solve the problem in the community.
This same state, it seems to me in terms of printing money is no difference whether it is socialism or capitalism. If the state needs it, it will simply create them!
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
Like you just know. How do you think sometimes, you just see some economic crisis happening, inflation kicking in and then the masses suffering for it. If you are looking for the biggest scammers in the whole world, government is the first to think about. He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
As in, just imagine. I see this as a world in which monopoly reigns and then you just see things being done out of the blues that are so questionable but since they just find a way to bamboozle everybody, matters tend to die down.
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
Thats why central banks do not like and afraid with cryptocurrency like bitcoin. Bitcoin creating a transparancy in financial system and no one can change the data supply and transaction.
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
Thats why central banks do not like and afraid with cryptocurrency like bitcoin. Bitcoin creating a transparancy in financial system and no one can change the data supply and transaction.
The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society.
Mind conditioning and paid news shelling is one of they're profiting from. Politics do control everything in this world and that's what we get from being a puppet of this corrupt and self centered public servants.
Mind conditioning and paid news shelling is one of they're profiting from. Politics do control everything in this world and that's what we get from being a puppet of this corrupt and self centered public servants.
That is probably true. As we know that government has all the instruments to make a scam and control the situation including economical issue. The main instrument that extremely becoming influential is that press. Through press government can control the public issue and main setting.
You can not print money endlessly. This approach is completely contrary to the laws of economics and will inevitably lead to a depreciation of the currency.
You can.
With the fractional reserve system, you can create money with the 1:9 ratio. The money doesn't exist. They just enter some numbers in people account. With the loans, banks basically make millions of dollars of profits for interested in money that doesn't exist. When you deposit money into your bank account, the money isn't your anymore, You lent it to the bank with a promise from them that you can get your money back at any time
The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society.
Mind conditioning and paid news shelling is one of they're profiting from.
To be honest the governments were not controlling their country's money,it is controlled by their central banks that is why we call it as central banks even the government has no control over it so why we are allowing them? This sytem was found in 18th century and the creators were still following this system ad they are making all our money to decrease its value over time.Mind conditioning and paid news shelling is one of they're profiting from.
The control over money is not in the hand of government.They appointment the additional body called central bank.They will had a power to print the currency and had a full control of that currency.During the inflation in the country ,they will increase the money flow.Then the inflation will be reduced some how.They are responsible for the control of currency.
The governments were not controlling their country's money,it was controlled by their central banks. the government has no control over it so, why are they allowed? This sytem was founded in the 18th century and the system hasn't changed that drasitically as they are still following this system and they are making all the money to decrease in value over time. I could be wrong now and there could be even more factors playing a big part in this and if so, that can be further discussed.
The situation is now worse than ever. In the past at least we had a period of gold-backed money. Keynesians may point at how we've had so much growth in the past few years. But at what costs? The whole system is now out of hand because of the money printing helicopter QE's, governments don't want to let banks fail and they will keep getting bailed out which will just keep delaying the inevitable (and making it worse).
When we had gold backed money we didn't had these ridiculous fluctuations in unemployment we are seeing.
We need a culture of long term planning and not mindless consumerism which is what Keynesian politics deliver since money can just keep getting printed as needed instead of acknowledging limited resources and time, but this doesn't matter for deluded Keynesians.
I think that’s how a capitalist should be, where the big one will win and become bigger then the smaller one will be eliminated from competition, a capitalist will enjoy the hard work of people below its class. It seems you must relearn the basic economy, this is very important especially you are currently in a field that needs it.
It's really sad to see. But this is how banks work and we can do nothing about it.
This was done for capitalism to work. We shouldn't go for a socialism vs capitalism debate. Further more we should discuss about how cryptos could change these fraudulent behaviours.
Governments have no control over central bank. And its very sad to see such kind of activites. But in my opinion our debate should confine between cryptocurrency related topic not capitalism and socialism.
This was done for capitalism to work. We shouldn't go for a socialism vs capitalism debate. Further more we should discuss about how cryptos could change these fraudulent behaviours.
You can not print money endlessly. This approach is completely contrary to the laws of economics and will inevitably lead to a depreciation of the currency.
If you see it that way, the whole economic, financial, social, every sector is the part of scam. And the govt. itself isn't out of that. The production usually doesn't happen so random, and in crypto it's rare. So it's not scam, new money can be produced, but rarely.
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