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Forum Post: PRIVATE people(banks) create ALL our money and collect interest on ALL the money in existance does that bother anybody

Posted 1 year ago on June 11, 2012, 9:47 p.m. EST by know1 (210)
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or are u hoping one day you'll get that job

If all the loans were paid back, there would be no money in existance, SO interest is being paid on every dollar in existance

Including the national debt, I would like the job of creating the national debt

Of coarse some of the debt was bought with existing money(thats buying bonds) but most was created out of thin air

Which would be fine, if the government did it, interest free, but very unfortunately it doesn't

Think about how much more money there is now, than there was in say the year 1700

This system is called DICTATORSHIP or also feudalism on steriods

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[-] 1 points by finance101 (1) 1 year ago

In case you missed it, some real financial analysis from and expert, Simon Johnson.

Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.

Here is an excerpt from Simon Johnson’s article Jamie Dimon And The Fall Of Nations.

“Undermining the “integrity, dignity, and reputation of the Federal Reserve System” in current fashion poses grave risks. A powerful elite has risen with control over global megabanks – and the ability to mismanage their way into disaster, with huge negative implications for the broader economy.”

“We should be strengthening the power of the New York Fed and other institutions to constrain reckless risk-taking. Instead, we are standing idly by while our “extractive elite” enrich themselves and endanger the rest of us.”

[-] 1 points by know1 (210) 1 year ago

thank u