Richard Werner: On Money. Banks have a pivotal function in the economy, they are the main creators of the money supply.
In granting or issuing so called ‘loans’ to their customers they create the money that is essential to make the modern economy work. In fact says Prof Werner: ‘there is no such thing as a bank loan’ he says what happens is credit creation, when banks make the money (credit ) needed out of nothing. BANKS MONEY AND YOU - The Place To Think It Through. CANADA - The Place To Think It Through. Fiat Money Explained in 4 minutes or less. Money - WHAT IS IT? Secret History Of The Credit Card. Richard Werner: Banking & The Economy. Publications: Richard Werner. Richard has been at the University of Southampton since 2004.
He is Director of International Development and founding Director of the Centre for Banking, Finance and Sustainable Development. Richard is also a member of the Southampton Management School's Executive Board, as well as its Advisory Board. In 1989, Richard graduated in International and Development Economics from the London School of Economics and entered the graduate programme in Economics at Oxford University. In 1990, he joined the Graduate School at the University of Tokyo and became a researcher at the Nomura Research Institute. In the following year, he became European Commission-sponsored Marie Curie Fellow at the Institute for Economics and Statistics, University of Oxford, to conduct doctoral studies on monetary economics and banking in Japan. Canadian Debt. Our Little-Understood Money System [1 of 3] Our Little-Understood Money System [2 of 3] Our Little-Understood Money System [3 of 3]
The LIBOR scandal: what it means for you - MoneyWeek Investment Tutorials. Royal Bank subpoenaed in LIBOR probe - Business. There are reports that Royal Bank of Canada has been served with a subpoena from U.S. state officials as part of their probe into the possible manipulation of a key benchmark used to set interest rates.
The Wall Street Journal and other business publication report the subpoenas were issued to nine banks, including RBC, in August and September, according to an unidentified person familiar with the investigation. That brings to 16 the number of banks served with subpoenas, including seven that had become public earlier. Global investigation The U.S. investigation by the New York and Connecticut attorneys general is part of a wider probe in several countries that stems from a major U.K. bank's admission that it had provided false information used to set the LIBOR rate. RBC is Canada's largest bank, with operations in major financial centres around the world including London. That assurance was repeated Friday in RBC's response to the news reports. Part 1/2 Bird & fortune - Financial crisis - Silly Money, Nov 08. $43Trillion lawsuit- here's the details.
For those of you interested in reading the knitty gritty details of the $43 trillion dollar lawsuit that I reported on yesterday HERE, you can read the hundreds and hundreds of pages of details of the court case at this link: is the list of those on the chopping block in this case: -againstBANK OF AMERICA, N.A., BANK OF AMERICA CORPORATION, ERIC HOLDER, an individual, ANTHONY WEST, an individual, UNITED STATES OF AMERICA, as an involuntary plaintiff, THE STATE OF NEW YORK, as an involuntary plaintiff, JON CORZINE, an individual, VALERIE JARRETT, an individual, KAMALA HARRIS, an individual, MYA HARRIS-WEST, an individual, ANNITA DUN, an individual, ROBERT BAUER, an individual, JEREMY BEN-AMI, an individual, J STREET, INC., an entity form unknown, HOWARD DICKSTEIN, an individual, JENNINE ENGLISH, an individual, THOMAS V.
FARGO & COMPANY, WELLS FARGO BANK, N.A., WACHOVIA BANK, CITIGROUP, INC., CITIBANK, N.A., U.S. BANCORP, U.S. BANK, N.A., U.S. 10 Bankers Thrown Behind Bars. Ex-Goldman director Rajat Gupta is going to jail for two years for insider trading, where he'll be joining some of his former peers.
There’s the infamous Bernie Madoff, who is currently serving a 150-year prison sentence for his decades-long multi-billion dollar Ponzi scheme that wiped out the life savings of millions of people. But most in the finance industry doing time for white collar crime aren’t dealing with a sentence as stiff as Madoff’s. That’s because his crime represents “extraordinary evil,” according to the judge that sentenced him -- deserving of a prison term on par with that of terrorists, traitors and violent criminals. More often, white collar criminals serve much shorter terms, similar to Gupta's. One example: Jerome Kerviel was sentenced Wednesday to three years in prison and ordered to pay a $7 billion fine for trading fraud. $9,000,000,000,000 MISSING From The Federal Reserve SHOCKING FOOTAGE. Canadian Debt Slavery Exposed MUST SEE!!!
Canadian Monetary Reform News. 12 year old girl explains the crimes of the world banking system-- SHAMING adult politicians and finance ministers who should know better!
Canada’s 2012 Budget: Imposing Austerity on the World’s Most Resource-rich Country by Ellen Brown April 1, 2012 ~ GLOBAL HOPE ~ A PLAN TO END THE WORLDWIDE FINANCIAL CRISIS byThe Hon. Paul Hellyer MARCH 14, 2012. The Best Kept Secret of the 20th Century. Audit of the Federal Reserve has been released. Republished from the website of Bernie Sanders, Senator for Vermont You can download the document here.
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Fed Investigation.pdf. Bill Moyers, Matt Taibbi and Yves Smith on Big Banks. Globalization and the Bank of Canada FACTS « FreedomClub CANADA. June 21st, 2012 “Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile…Once a nation parts with control of its currency and credit, it matters not who makes that nation’s laws…Usury once in control will wreck any nation.” - Prime Minister William Lyon Mackenzie King In 1974 Prime Minister Trudeau stopped using our Bank of Canada which served Canada so well keeping us out of serious debt.
He handed over control of our monetary system to the Private Bankers. We have lost our Democracy because the power is concentrated in the Banks and Corporations that control our politicians. Today half your taxes go to pay the private banks interest on our needless debt of 582 Billion. Thats million per month out of every riding. A total $ 170 million per day in every riding in interest That is $50 billion per year It is never paid down. . ….
Bullion Bulls Canada - Precious Metals and Mining Stock information. Oh Canada! Imposing Austerity « FreedomClub CANADA. April 3rd, 2012 Even the world’s most resource-rich country has now been caught in the debt trap.
Its once-proud government programs are being subjected to radical budget cuts—cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s. Occupy Our Bank. "DON'T JUST TAKE MY WORD FOR IT!
" Quotations from greater minds than mine - Compiled by Will Abram, a Canadian Citizen Please ------- "Give this your best, honest and sincere thoughts. " 'The modern banking system manufactures money out of nothing. The process is perhaps the most outstanding sleight - of - hand that was ever invented.
Banks can, in fact, inflate mint and un-mint the modern ledger currency. " Major L.L.B. "The study of money, above all other fields in economics, is one which complexity is used to disguise truth not reveal it. " Graham Towers - first Governor of the Bank of Canada, was asked, in 1939, by Parliament's Banking and Commerce Committee; "Will you tell me why a government with the power to create money should give that power away to a private Monopoly (the chartered banks) and then borrow that which it call create itself back at interest?
" "This is a staggering thought. Public Banking Institute - Banking in the Public Interest. Carroll Quigley: History of Banking and Money. History of Banking and Money Key Excerpts From Carroll Quigley's Tragedy and Hope "There does exist ... an international Anglophile network ... which we may identify as the Round Table Groups. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records.
I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected ... to a few of its policies ... but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known. " -- Quote from Caroll Quigley's Tragedy and Hope, Chapter 65 Carroll Quigley was a professor of history at Georgetown University from 1941 to 1976. Note: The below excerpts are taken from chapters 5, 9, 20, 65, and 77 of Tragedy and Hope, with a focus on Prof. Commercial Capitalism. History of the Basel Committee and its Membership. The breakdown of the Bretton Woods system of managed exchange rates in 1973 soon led to casualties.
On 26 June 1974, West Germany's Federal Banking Supervisory Office withdrew Bankhaus Herstatt's banking licence after finding that the bank's foreign exchange exposures amounted to three times its capital. Banks outside Germany took heavy losses on their unsettled trades with Herstatt, adding an international dimension to the debacle. Canada’s 2012 Budget: Imposing Austerity on the World’s Most Resource-rich Country. Canada, called the world’s most resource-rich country, is now being subjected to austerity measures like those imposed on third world countries in earlier decades.
It is all done in the name of reducing a federal debt that got out of control in the 1970s, when Canada quit borrowing from its own central bank. Last week in Ottawa, the Canadian House of Commons passed the federal government’s latest round of budget cuts and austerity measures. Highlights included chopping 19,200 public sector jobs, cutting federal programs by $5.2 billion per year, and raising the retirement age for millions of Canadians from 65 to 67. The justification for the cuts was a massive federal debt that is now over C$ 581 billion, or 84% of GDP. (Photo: Reuters) Think you could balance a national budget? Give it a try.
Few issues stick to governments more than their ability to balance a budget. Today, Jim Flaherty releases a budget that aims to reassure Canadian taxpayers that his government is committed to returning to the black within a few years. But what does it take to eliminate the deficit? We've created a game that gives readers a taste of the decision making involved. Transfers and interest payments take up 56 per cent of total spending. FILM: Oh Canada- Our Bought And Sold Out Land - Full. Oh Canada - Website. The Wizards of Money. Program Information - Wizards of Money: Wizards of Money. Benjamin FranklinAnd the Birth of a Paper Money Economy. The Money Masters (Part 1 of 22) Wizards of Money. Who Changed The Bank Of Canada’s Policies In 1974 And Why? « FreedomClub CANADA. Canadian Awareness Network With great efforts by the Canadian Action Party, institutions like COMER, and a host of alternative news outlets in Canada. Many Canadians are becoming more and more aware about the the biggest robbery in Canadian history.
A robbery that still continues to this very day, with 170 million dollars being stolen from us everyday. The crime has been and is being perpetrated right under our very noses. COMER — Committee on Monetary and Economic Reform. Constitutional Lawyer Rocco Galati: Restore The Use Of The Bank Of Canada Lawsuit Press Conference. THE CLAIRE FOSS JOURNAL. COURT SEAL Court File No. Who Changed The Bank Of Canada’s Policies In 1974 And Why? With great efforts by the Canadian Action Party, institutions like COMER, and a host of alternative news outlets in Canada.
THE CRIME OF THE CANADIAN BANKING SYSTEM: Bill Abram (part 1. Jamie Scott - The World Today. What can we learn from past recession-recovery cycles? Not much, unfortunately. This post began as an attempt to replicate a recent Macroeconomic Advisers (MA) research note that assessed the potential for a strong US recovery based on Milton Friedman’s plucking model.
Stephen Harper _ I know some people don't like it. It is a loss of national sovereignty. A Changing Money System.pdf. The Corrupt Banking System By a 12 Year Old « FreedomClub CANADA. Victoria Grant. 'Banks rob us!' Canadian girl becomes Internet sensation after exposing banksters. Victoria Grant on Press For Truth TV (a 12 year old Canadian patriot) The Story of Money. Reflect with me for a moment upon the nature of money, wealth and prosperity. And the more time you take reflecting upon it, the more varied and abstract your thoughts concerning money, wealth and prosperity will become. Perpetual Debt: Bank of Canada & why we should use it instead of wall st. Money Creation for Funding Public Spending. Index: Money Creation for Funding Public Spending. Cover Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9.
The Bank of Canada an Creation of Money. The Money Myth Exploded – by Louis Even « FreedomClub CANADA. In This Age of Plenty, by Louis Even. The Story of Money Comic. The Case for Monetary Reform. By Bill Clarke. The Crime of the Canadian Banking System « FreedomClub CANADA. Full Video: Bill Abram. Gerald Grattan McGeer: Bill Abram snowshoefilms #3. Paul Hellyer Exposes Global Financial System. PaulHellyerWeb.com. Hon. Paul Hellyer - Public Banking. One Big (Canadian) Party. Paul Hellyer on Finance. Www.disclosureproject.org/docs/pdf/Global-Fraud-Paul-Hellyer-UFO-Congress-Feb272011.pdf.
Principle with Prudence.