RSS Feeds
THE CRIME OF THE CANADIAN BANKING SYSTEM: Bill Abram (part 1
June 20th, 2009
Over the past 4 years, the Canadian people have paid $137.4 billion in interest on money borrowed from private banks whereas the Bank of Canada could legally print the public’s money into existence rather than borrowing it at interest. “They’ve paid out this huge sum because our government has failed to abide by the law.” Abram, a retired high school teacher and activist on Vancouver Island, B.C., explicates the trick of fractional reserve banking (part 1 of a series; snowshoefilms yoryevrah
Duration : 0:10:37
June 20th, 2009
Nice work. keep it …
Nice work. keep it up. mean time come for social media marketing for esteembpo**com
June 20th, 2009
listen to some of …
listen to some of the old crash are you ready shows on gcnlive , their on this subject the economics shows are very interesting .
its a pity someone wouldnt put them on youtube
June 20th, 2009
You just found out …
You just found out now thats Governments are Crooks ? How naive are you?
June 20th, 2009
canadian banks are …
canadian banks are much more solvent than american banks
drugs? lol
this is paranoid rubbish more conspiracy theory nonsesnse
June 20th, 2009
Tell me about it, I …
Tell me about it, I took an economics class in high school, after watching some you tube videos before taking the course I knew alot of the lieing and scheming that banks did. In our textbooks they had the exact same things but made it look like it was perfectly normal.
June 20th, 2009
PEOPLE SAY DOWN …
PEOPLE SAY DOWN WIHT THIS AND DOWN WITH THAT !! Funny I dont see anybody doing a damm thing to make some real change.. Why becuase the government keeps the people in check !! TOO TIRED TO WORK AND TOO POOR TO QUIT !! Read and undertsand that this is how those in power keep you.. YOu want real change ?? THen take up arms over throw your government and start a new one…YOu have to do and take real effective action to make real change.. IF not then everyone just learn to like the taste of !
June 20th, 2009
so how do we get …
so how do we get out of this mess, really i think we need a program that can activate the power of the people at will, we have to act as one.
June 20th, 2009
What a shame,
…
What a shame,
Just think of the world we could have been living in if it where not for this fraud…
shame on them.
June 20th, 2009
It might be too …
It might be too late, our so-called leaders have been working at destroying our sovereignty for years now, see: Movie - The Nation’s Deathbed, watch?v=yZG-6T2GYx4 and torontochange period com We’ve been asleep for too long i think…sad
June 20th, 2009
down the bankers …
down the bankers and free the world!
June 20th, 2009
There is no more …
There is no more government of the people.
DOWN with the NWO and Banksters and all collaboratives and traitors.
June 20th, 2009
people ing suck
people ing suck
June 20th, 2009
nothing like a ” …
nothing like a “student” trying to act like an expert…NOW I’m no student, but I do have a question for you…i was under the impression that fractional bank lending would allow a bank that has 100 dollars to actually lend out 1000 dollars…is this not correct?
June 20th, 2009
Economists …
Economists continually try and sell the public the idea that recessions or depressions are a natural part of what they call the “business cycle”.
I’m sorry if your favourite economists lied to you. If it’s any consolation we’ve all been had.
June 20th, 2009
For the record i …
For the record i know what a bond is.
“It is absurd to say that our country can issue $30,000,000 in bonds and not
$30,000,000 in currency. Both are promises to pay; but one promise fattens
the usurer, and the other helps the people. If the currency issued by the
Government were no good, then the bonds issued would be no good either.” - Thomas Jefferson
June 20th, 2009
Actually if you …
Actually if you have $100 in the bank, the bank then turns your $100 deposit into $900 that it can lend to people. Look up fractional reserve.
June 20th, 2009
It’s not the only …
It’s not the only explanation. The fractional reserve system is why there is more debt than money in circulation.
Take some economic courses and you’ll learn the system as a whole. Your reductive logic is consistently flawed.
June 20th, 2009
Why do they need to …
Why do they need to show documented proof? There’s no reason why anyone wouldn’t believe them. I don’t understand where you’re coming from.
Private banks don’t print money. The system is complicated and money is “created” electronically (through fractional reserves).
I can understand if you are opposed to the fractional reserve system but most of the other things mentioned here don’t make sense.
Don’t forget, if you have $100 in a savings account that is $100 of debt the bank owes you.
June 20th, 2009
“canadian”:
…
“canadian”:
rqQZJBgfJOs
VQDCO_gWfDI
b4sct6p24wI
zt1InXvRKEw
hvzQ30MAiAU
KEJ8qEtNwRc
jfvsDt8KwbU
FbF6svgoigs
9z4N7-yourw
June 20th, 2009
i pressed spam by …
i pressed spam by accident. You’re right .i forgot about fractional reserve banking. These are very seriuos accusations that people are making. So, if private bankers aren’t printing 95% of the $ & charging interest on it, then the government should show us documented evidence prooving that they are not. otherwise we’ll have to ume that they are. They should also show us where each individual person’s tax $ goes.
June 20th, 2009
The reason debt …
The reason debt exceeds currency in circulation is cause of the fractional reserve system.
If the bank of canda prints $100 for me and I start a bank with $100 and there’s a fractional reserve of 20%, Ill be able to lend out $80. That $80 will then be deposited at another bank which will be allowed to lend out $64 of that and so on The mathematical end result is that the $100 becomes $457.05 into the economy. $357.05 will be debt (money owed from 1 institution/person to another)
June 20th, 2009
You make statements …
You make statements like “one of the most common umptions”… but you dont understand. I do not make umptions, I’m an economics student not some guy who watched documentaries produced by people who are uneducated on the topic.
You’ve acted like you understand the system but you’ve said at least 3 things that are completely false (BoC is private, Canada doesn’t print it’s own money, national debt is owed to the BoC).
June 20th, 2009
Every government …
Every government keeps foreign government ets as a monetary policy tool. Every major world country IS in debt to eachother which is actually a good thing if you understand monetary policy.
But this is only a small fraction of the total debt. As I said earlier institutions and average people foreign or domestic can buy the bonds which puts our government in debt.
June 20th, 2009
The only …
The only explanation for the amount of world debt to exceed the the amount of money in circulation is that someone has been charging interest rates. Who charges interst rates? Private banks.
Charging interest rates was punishable by death once upon a time.
June 20th, 2009
One of the most …
One of the most common umptions is that national governments owe debts to each other. But that would mean there must be large, rich countries out there loaning money, with their own treasuries “in the black”. Can you name any? It’s not Canada, with our national debt measured in billions of dollars. It’s not the United States, with their national debt measured in trillions of dollars. Most European countries fare no better. And third world countries can barely maintain the necessities of life.