H.G.Wells once wrote that, in a mythical land of the blind, the inhabitants regarded a man who claimed to be able to see, as suffering from delusions and being potentially dangerous. Some politicians and economists seem to think the same of any man who claims to see faults in the bank created credit system. If they had grown up in a country where new money was always issued debt free, they would probably would not comprehend a suggestion that it be issued as debt. Why should they? Why should it be? As it is, they seemingly accept the situation where the private banks create billions of dollars of credit money for profit. Surely they can accept that the Government, in the interest of the nation, can do the same.
This system keeps us in the bondage of debt and, like the slaves of old, we may struggle to escape from our bonds, but we do not query our (financial) masters’ right to impose those bonds.
Strange Apparently people who have grown up from childhood in a particular system find it hard to comprehend any other. It was probably the same in the slave owning countries of long ago.
We the people, produce the
real wealth of the country, the goods and services. Why should we need to be bogged down for ever in interest- bearing debt to the banking system, which does nothing but produce, handle and deal in money, the symbols of the real wealth that we produce? Why is this not done? Perhaps the best answer to this question comes from this quote:
‘The few who understand the system will either be so interested in its profits or so dependant on its favours that there will be no opposition from that class, while on the other hand, the great body of the people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests’
This quote comes from a letter written in 1863 from the European banking powers to their American associates.
I understand that many of you will be confused about these issues. I have attempted to explain this through a web site I recently launched
www.bleedingindebt.com . It’s far from perfect, but at least it is a start. It contains videos and explanation graphs to compare present system to alternative system. It describes Social Credit as a solution. It comes from an Australian perspective first but it applies just as much for the rest of the world.
There is a better way!
and has nothing to do with fractional lending. The governments don't create money to be lent to you through fractional lending, ffs. Governments spend money that inevitably end up in banks because those that received the original spending money put it into their institution of choice.