Friday, 16 March 2012

Bankers Create Money Out of Thin Air - And Charge the Govt Interest

An FC supporter sent this letter to his local newspaper:

Dear Sir,
               Glyn Davies MP has a budget day wish list which is;  1) deferring any increase in fuel duty; 2) uprating of tax allowance for the poorest taxpayers and 3) reduction in national insurance to encourage job creation.

  Most of our fuel duty is tax and the reason for tax is debt. Official figures posted on the Guardian website for 2010-2011 show debt interest payments of £43.9bn, while the Home Office, Ministry of Justice and Crown Prosecution Service  combined spent £20.5bn. Total  expenditure was £691.67bn. Meanwhile, the total tax collected by HMRC was £446bn.

    The bankers create credit out of thin air and then lend it as interest to governments this is the problem. Government should create it itself. To make this point US presidential candidate Ron Paul has said on his website: The Federal Reserve is the chief culprit behind the economic crisis, Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another.Since the Fed's creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.

       A similar situation exists on this side of the pond. If the bankers can create credit out of nothing then they should create the interest owed out of nothing too!! The sooner the fiat currency, usury and perpetual debt system is abolished the better!

   Billions are given away in foreign aid (in 2010-2011, the Department for International Development spent £7.69bn, or £21m/day). Foreign aid taking money from the poor in rich countries and giving it to rich in poor countries. Yet even more billions  is handed over to EU bureaucrats.

            Its time for nationalist politics that will put Britain and the British first.

                                       Yours Sincerely,


cuddly said...

Thin Air money and other such terms are obfuscations. Have a listen to MPE (Mathematically Perfected Economy) developer Mike Montagne, who saw the faults and the solutions back in 1968. Ron Paul and his Austrian School Ecomonics backers (and their pre-dominance in Libertarianism) is more of the same banksterism wether he knows it or not.

This is nearly a 3 hr. video and there are more by him and others, as well as other resources to learn about it:
"Mike Montagne (MPE) Why neither alternate currencies or banks can save us 10.03.12"

"Mathematically Perfected Economy (MPE) for the layman (49 mins.)

Anonymous said...

The first thing to be gotten rid of is Income Tax afterall this was merely a way for the public purse to pay for the Crimean War...I think we've more than cleared that debt by now!

National Insurance is merely Income Tax by another name, they say that this pays for the NHS/Welfare etc. yes, perhaps directly, but we also pay INDIRECTLY, what the anti-smoking brigade forget (conveniently!) is that if it wasn't for smokers then the NHS and all the monies which have been squandered since its inception would have been still born!

The only 'tax' to be claimed by the Treasury ought to be at point of purchase, so if a rich man wants to buy a 'fanny magnet' HE can pay the duty on it and not be subsidised by US, similarily, ok so there may be squells regarding duty on fuel (the % taken is another argument) but there ought to be no argument that whosoever purchases that fuel ought to be the only one involved in paying for the priviledge leaving the rest of us out of the transaction!

Don't we (those mug enough to work!) have to work until May until all the tax we are stung for is paid...that was a statistic before the 'credit crunch' wheeze created by the boss class to maintain the boss class!

Neither Communism nor Capitalism - It doesn't matter if you swing to the Left or the Right you are STILL going to be swinging!

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