Tilted Forum Project Discussion Community - View Single Post - The money and banking system

pai mei · 12-30-2006, 09:14 AM

Hello all. When I was little I always wondered who makes the money, I heard that the state makes them, and because I heard that the state has a debt to pay I said "they are stupid, they can print all the money they want and pay the debt". I did not know much about money back then.
I found this documentary :

http://video.google.com/videoplay?do...686947&q=money
http://video.google.com/videoplay?do...500927&q=money

It has two parts, it is very well made, it explains the origins of money and banking from 2000 years ago until the present day. It is against the World Bank and it's system of loans that takes the money out of developing countries - yes, they have to pay more for the aid then the aid itself
I also found out that the Federal Reserve is a private institution, and that banks can give more money than they have in stock - creating money and inflation, trough the "fractional reserve system", they are the only bussines wich can do that legally.

Here is what Woodrow Wilson said in 1913:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence

12-30-2006, 09:14 AM	#1 (permalink)
pai mei Insane	The money and banking system - what are money ? Hello all. When I was little I always wondered who makes the money, I heard that the state makes them, and because I heard that the state has a debt to pay I said "they are stupid, they can print all the money they want and pay the debt". I did not know much about money back then. I found this documentary : http://video.google.com/videoplay?do...686947&q=money http://video.google.com/videoplay?do...500927&q=money It has two parts, it is very well made, it explains the origins of money and banking from 2000 years ago until the present day. It is against the World Bank and it's system of loans that takes the money out of developing countries - yes, they have to pay more for the aid then the aid itself I also found out that the Federal Reserve is a private institution, and that banks can give more money than they have in stock - creating money and inflation, trough the "fractional reserve system", they are the only bussines wich can do that legally. Here is what Woodrow Wilson said in 1913: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence Last edited by pai mei; 12-30-2006 at 09:59 AM..