Paying out real money to make up for losses of imaginary money

[Dan.Linehan]

Here's how it goes.

1. Banks create derivatives and sell them to investors. These derivatives never hold any actual value, nonetheless they are listed on balance sheets as assets. Banks show progressive growth over time due to increasing asset holdings.
   
   
2. The derivatives are eventually found to be practically worthless, and become suddenly devalued, as does the bank's value itself.
   
   
3. Real money is funneled to the banks to "save the industry," thus rewarding the system and players who invented the fake assets in the first place.

What a racket. It's like the polar opposite of accountability.

[ar81]

If you remove the ability of money to be exchanged for goods, the game of economy becomes a videogame.
Money is not real. Except for physical money, the rest is quasimoney, virtual money, a score stored on a hard disk somewhere.
So materialism is not materialistic.

[Nourishing]

seigniorage is bs


abolish the privately owned fed

when the world has done so

and constitutional money is restored

the people win!

until then,

dodge the obama/bush/clinton cartel rhetoric. private central banks printing money out of thin air are the problem.


"The modern banking system manufactures money out of nothing." Josiah Stamp

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford

"The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers." Louis McFadden

Central Banking Quotes.