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The Banker’s Con Job, MSNBC’s Dylan Ratigan Gets It, Sort Of.

With the thievery becoming so blatant, even the mainstream media can no longer ignore it. Some reporters are actually beginning to understand how the con job works. In this video Ratigan takes a shot at explaining it. Yes, bankers run the government, yes, the Federal Reserve is a private company operated by and for the banking establishment, yes, they are robbing us blind by means of their control of the money creation process. The thing that almost no one understands yet is the fundamental flaw in the system, which is the creation of money on the basis of interest-bearing debt loaned to individuals, businesses, and governments.   The interest burden creates the necessity of ever-expanding debt so that the money supply does not collapse, hence, the dot-com bubble, the real estate bubble, and every other financial bubble throughout our history. That debt imperative gives rise to a growth imperative, which drives artificial growth of the economy, resource consumption, and virtually everything else, for that matter. Don’t believe it? Well, just look at the empirical evidence. The phenomenon I describe is clearly seen in the worldwide debt statistics of the past several decades. We’ve reached the point of no return.–t.h.g. Read the original post on Beyond Money.
endofmoney Thomas Greco is the author of The End of Money and the Future of Civilization.


The Emergence of Self-Organizing Systems of Exchange

Joseph Jaworski is the author of Synchronicity: The Inner Path of Leadership. In a message today from the publisher announcing the second edition of the book, I noted the reference to Jaworski’s “Four Principles to Access the Source of Innovation.” Although I’ve not yet read the book, I did take a look at the blog […] Read More..

Coping, Caring, and Building Community

As the financial and economic ground continues to shift beneath our feet, it becomes ever more imperative that we reduce our dependence upon the institutions and structures that we have come to depend upon and take for granted. The financial tsunami of 2008 and the continuing aftershocks should be a wakeup call. The sock markets […] Read More..

The Great Unraveling—Entering Stage Two

There has been very little recognition of the Debt/Growth Imperative that is built into our global system of money, banking, and finance. As I have been preaching for many years, the creation of money as interest-bearing debt requires that indebtedness, in either the private sector or the public sector, must be continually increased at an […] Read More..

Money and Oil: The agenda in Libya becomes more evident

I hadn’t noticed it before, but on March 22, Bloomberg reported that, Libyan Rebel Council Forms Oil Company to Replace Qaddafi’s.Well, we’ve grown to expect things like that. The more interesting development reported in the article was this:The Council also said it “designated the Central Bank of Benghazi as a monetary authority competent in monetary […] Read More..

Stop Chasing the Buck and Change Your Luck

Cashless trading based on credit clearing is moving into its next stage of development, the optimization and scale-up stage. Established groups and associations are beginning to recognize the importance and urgency of disengaging from conventional structures of money and banking, reclaiming “the credit commons,” and reorganizing the exchange of value under local community control. One […] Read More..