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Forum Post: Time to kick out the banks

Posted 7 years ago on May 11, 2012, 3:57 a.m. EST by webb5 (36)
This content is user submitted and not an official statement

We the taxpayers are not responsible for the debts of private banks. Maybe we can learn from the actions of the people in Iceland. The video and text in the link below explains how the people in Iceland rejected their government decision to bail out the banks. Iceland is free!


We need to remove the private banks and replace them with People Banks. The private banks should no longer be able to create money as debt to the nation, that job should only belong to the government with safe guards put in place. We need to understand how the banks create money and how we can reverse this debt. Social Credit is the solution. Those who really want to make a difference can follow the link below and make it happen.




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[-] 2 points by webb5 (36) 7 years ago

Unfortunetly the statement made by Richard Mckenna is true.

The banks have indebted the world to such a degree that they now control the money markets of the world. By simply reducing the supply of money or selling incredibly large sums of stocks they can bring on a recession to any country of the world. By reducing the money supply to the world, they can cause a global depression; how severe or how long it goes for is entirely in their hands. It is with this power over finance that the banks can influence the decisions of any government in the world. It is very clear that the economic hardships brought on by debt, have the potential to create wars between nations, and the ability to enforce poverty and hunger.

For more detail on Social Credit go to www.bleedingindebt.com

[-] 2 points by SparkyJP (1646) from Westminster, MD 7 years ago

"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people."

~Richard McKenna~
[-] 2 points by vats (107) 7 years ago

even accounting is out sourced to third world countries

[-] 2 points by webb5 (36) 7 years ago

No, I do not live in the USA. Should that make any difference to you. We are all fighting for the same reasons. Every country in the world is affected by this crap. The solution is the same every where.

[-] 2 points by webb5 (36) 7 years ago

I totally agree with Dennis. Coruption has taken awayso many rights. The right to a sound finacial system that is fair to every one, is one of them. This is a world wide problem. The scum we have in our parliaments are bending over backwards helping the banks while the poor get poorer. We need to reclaim our rights and remove these banksters and their pathetic followers in our parliaments.

We need to take a look at how Iceland defeated the banks in their own country. They have shown the world that it can be done. Monetary reform is badly needed. The right of the private banks to create money from nothing must be removed and given back to our government. This money must be created without debt. There are a few possible reforms that will help. I believe Social credit is the best solution. The link below will help explain why I think this.


[-] 1 points by DKAtoday (33714) from Coon Rapids, MN 7 years ago

Does not sound like you live in the USA. So I do not know how helpful this might be - but on the off chance:


[-] 2 points by webb5 (36) 7 years ago

Are the banks really the problem?

[-] 2 points by stevebol (1269) from Milwaukee, WI 7 years ago

Yes, the banks are the problem. With the repeal of Glass-Steagall banks are high risk rollers and they are counting on being too big to fail.

[-] 2 points by TrevorMnemonic (5827) 7 years ago

Dennis Kucinich says it all best here. It doesn't get put anymore simple than here -


Where did the Fed get 7.7 trillion dollars? They created it out of nothing for their own private interests.

Unlimited resources for the banks... nothing for the people. This has to change.

In 1913 a corrupt bought congress stole our power over the monetary system.

[-] 1 points by Nevada1 (5843) 7 years ago

Good Post

[-] 1 points by webb5 (36) 7 years ago

As Bill Wilson states after the video

'It is the conflict that has already defined the beginning of the 21st Century. The question is whether free peoples will choose to remain free, as Iceland has, or to submit'.

We do have a choice, so let's do something about it. As I have said earlier there are solutions. Which ever one we take, the people must be safe guarded from it ever happening again. Safe guards must be built in.

I believe Social Credit is the best solution. Don't take my word for it , check it out for you self.


[-] 1 points by webb5 (36) 7 years ago

Very true, the banks create money out of thin air. The link below explains how the banks creates money through fractional reserve banking.


[-] 1 points by PublicCurrency (1387) 7 years ago

Great video! It is an indictment against the system that we understand so little about this!

Only one state, North Dakota, has a budget surplus and it is more than $1.5 billion. What makes North Dakota different is that they have a state-owned bank. The advantage of a state-owned bank is to return profits to the public and/or minimize borrowing costs for the state and whatever portion of the public the state chooses as borrowers (North Dakota provides credit at the lowest costs for student loans and to farmers, for example).

Banks legally create credit out of nothing as a fraction of their assets (to simplify). Any state could record state assets (state receipts, buildings, land, etc.) on their accounting books and create credit from their value. Although different from most peoples’ misunderstanding, banks do not lend what depositors have put in the bank. Therefore, states are not “risking” assets through loans; they are legally entitled to create credit out of thin air. This is verified by the Federal Reserve’s Publication, “Modern Money Mechanics” and explained in its crucial details in my brief. Excerpts:

“The purpose of this booklet is to describe the basic process of money creation in a ‘fractional reserve’ banking system…The actual process of money creation takes place primarily in banks.”

“[Banks] do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrower’ transaction accounts. Loans (assets) and deposits (liabilities) both rise by [the amount of the "loan"]."

What does this mean? It means that intelligent state legislators can immediately authorize their own bank, issue credit to themselves at 0% interest to purchase their outstanding debt, and immediately save themselves borrowing costs.


Over time whoever controls the currency controls the people.

[-] 1 points by webb5 (36) 7 years ago

Yes, the third world countries are so cripled with debt. It is estimated that at least 20 thousand children under the age of 5 die every day from the consequences of debt. The banks have a lot to anser for.

[-] 1 points by webb5 (36) 7 years ago

Yes, the third world countries are so cripled with debt. It is estimated that at least 20 thousand children under the age of 5 die every day from the consequences of debt. The banks have a lot to anser for.

[-] 0 points by XenuLives (1645) from Charlotte, NC 7 years ago