Why Do Banks Make So Much Money?

How can banks make so much money while most of the rest of the world dwells in debt and poverty? Well, since the system is closed and money cannot run out into space, the question becomes quite simple, doesn’t it? They drain it out of the system for themselves. Banks not only create money, while protected by governmental legislation, they are given the control of our economies which they use, by rule, for their own profit. Health, education, science… if it’s not profitable, it’s not important in their agendas.

 

More info and resources at www.positivemoney.org.uk

Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation’s money supply through the accounting process they use when they make loans – an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of – or a major contributor to – problems of poverty, excessive debt, growing inequality and environmental degradation.

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Audit the FED!

Ben Swann explains how the US House of Representatives passed the historical legislation HR459, AKA Audit the FED and addresses its creation, purpose and place in the US Economy scene.

Purpose of the FED:

1. Stop competition from newer banks, especially banks on the western part of the U.S.

2. To obtain a franchise to create money out of nothing for the purpose of lending.

3. To get control of all the reserves of other banks so that reckless banks wouldn’t be over run.

4. TO SHIFT THE LOSSES FROM THE BANKS TO THE TAXPAYERS.

5. To convince congress that the purpose was to protect the public.