English
FrançaisWeb of Debt
Before reading this book, the origin of Money was a mystery and a simple thing all together for me. I guess it is a common feeling about money.
This book is thick and extremely documented, this was probably necessary to get brains unwashed.
Yes, money is simple actually, but it is quite different of what we think it is: Banks create money at will from nothing to lend it to the borrowers (including governments).
They charge interest rates and get richer that we can imagine by providing at cost a free "material" they generate "out of thin air" (Mineral water business is not far behind). This is the opposite of what I learned at school: Government has the exclusive and outstanding power to issue money based on Gold it keeps in the National bank cellar.
The consequences:
- Half of what we spend goes to the banks coffers. Our income tax goes straight to the banks to pay the government debt interests.
- Banks and big financial institutions play with virtual money to suck the blood of the real economy
- Prices have to go up with no rest, to compensate the banks robbery
- Countries which try to escape the international banking system are threatened, sanctioned and finally attacked. Iran, Libya are good examples, and one of Ahmadinejad’s "mistakes" was to try controling the Iran national bank and to authorize oil payments in other currency than dollar.
Why: Because the bank lobbies succeeded at preventing governments to issuing their own national currency. They established private monopolies for creating money.
Hint: a fraction of the huge banks' profits could feed the entire mankind for free.
The problem: Banksters have now an atomic information power that makes their wrongdoing disastrous. The current crisis might not kill the system yet. They succeeded at making government - citizens - responsible for the problem, getting astronomic bailout money and making more money than ever (remember: they create money and cash-in the interests).
The good news: This is not yet another conspiracy theory: it is a systemic behaviour, which lasts from centuries. Don't cross the street to kill your banker: you may be as responsible as him for this situation as soon as you think about making money with money.
The bad news: I am less optimistic than the author of the book. This crazy, non-sense, unfair, satanic system will never get down. It is the very responsible of wars that are eagerly needed to sustain one of the first businesses on earth that drains huge funding needs. It has so much power and so many people are happy with it than it will never collapse.
