ThePythonicCow
17th January 2012, 06:38
Bill Still is getting really good at understanding our monetary system. Take a listen to his latest youtube video "Meet the New Boss":
67nE9erMcFI
One of the key ideas he explains - since the big banks have gained control of making money, they can buy whatever they want. If others, whether persons, governments or corporations want something beyond their immediate cash on hand, they have to borrow the money. But if the big banks want something, they just pay for it ... free money. That's why the most expensive politicians, governments, corporations, militaries, intelligence agencies, media, universities, ... are essentially owned by the big banks. That's why all the really interesting and really expensive black ops and advanced research and development are "off budget" ... meaning that instead of our government buying it with debt, rather the big banks just buy it with money made from nothing.
We must take back the right to make money, whether by coin, printing or fabricating ledger account entries. Like the "banker" in the board game of Monopoly, who ever can issue money must do so in an open and audit-able fashion, under the control of the people. Otherwise they end up owning the entire board.
Whether money is supposedly backed by debt, gold, oil, or acorn nuts is secondary. Whether it is issued by national central banks or a international central bank is secondary. Whomever issues it must operate openly, subject to the control of the people and unable to "make some on the side, for their own benefit."
67nE9erMcFI
One of the key ideas he explains - since the big banks have gained control of making money, they can buy whatever they want. If others, whether persons, governments or corporations want something beyond their immediate cash on hand, they have to borrow the money. But if the big banks want something, they just pay for it ... free money. That's why the most expensive politicians, governments, corporations, militaries, intelligence agencies, media, universities, ... are essentially owned by the big banks. That's why all the really interesting and really expensive black ops and advanced research and development are "off budget" ... meaning that instead of our government buying it with debt, rather the big banks just buy it with money made from nothing.
We must take back the right to make money, whether by coin, printing or fabricating ledger account entries. Like the "banker" in the board game of Monopoly, who ever can issue money must do so in an open and audit-able fashion, under the control of the people. Otherwise they end up owning the entire board.
Whether money is supposedly backed by debt, gold, oil, or acorn nuts is secondary. Whether it is issued by national central banks or a international central bank is secondary. Whomever issues it must operate openly, subject to the control of the people and unable to "make some on the side, for their own benefit."