Search Results for: hana

  • The Debt as a Virus Theory and the Problem in Paying Back All Interest

    ByPrimary Researcher

    … Receive Government Money Creation or Social Credit
    Private central banks and banking, in general, place some people at the top of the hierarchy, with no real scarcity, while perpetuating scarcity upon the majority. In this way, a banking system designed for elite ends allocates credit and money to select individuals. And the most select individuals are those with the strongest connections to the elites that control the banking system.
    This is why then-Treasury Secretary Hank Paulson did not want any oversight into how the TARP money was spent and why the same secrecy was applied during the coronavirus …

  • How Private Banking Interests Promote The Political Independence of Private Central Banks

    ByPrimary Researcher

    … private banking interests present.
    Wight Patman critiqued the faulty understanding of banking in the following quotation.
    This quote is from Wight Patman. “There are many reasons why the general public doesn’t really understand our monetary system. In the first place, money is something that people tend to get emotional about. After all, money involves, and always has involved, something closely akin to faith-which probably explains why in many past societies the money system has been in the hands of a priesthood, the subject of magical rites, and the ceremonial services of the tribe’s medicine man.” – AZ Quotes

  • Why Fed Always Denies Asset Bubbles

    ByPrimary Researcher

    … banks make a great deal of money during asset bubbles. If the Fed were to declare an asset bubble or to mitigate an asset bubble, it would be working against the financial interests of its member banks. This is yet another problem in having the central bank be in private hands. The Fed’s behavior leading up to the subprime mortgage crisis is explained in the following quotation.
    “Even more astounding is the fact that Greenspan was cutting rates during a period in which he acknowledged that the stock market was exhibiting “irrational exuberance.” He literally knew things were beginning …

  • The Insanity of Governments Borrowing Their Own Money From a Private Bank

    ByPrimary Researcher

    Executive Summary

    The ridiculous private banking controlled system most countries have mean governments borrows their own money from the private banks.

    Introduction
    The private central bank design is that the bank has to borrow its own money. This is because it entirely hands over the right to create money to an unregulated cabal of private banking interests. The government then creates a debt instrument (in the case of the Fed, the Dept of the Treasury creates a Treasury Bond), and then the government exchanges this bond for money that the Fed (not the government) creates. Without a private bank, there …

  • Why Major Banks Have Little Interest in Old Fashioned Banking

    ByPrimary Researcher

    … discount window,” the Federal Reserve’s program of low-interest loans. Mega-banks assert that they actually lose money on small deposits, and while we shouldn’t take this claim too seriously, it’s clear that deposits are not their primary concern. The other mainstay of traditional banking is lending—handing out money to be paid back at a set interest rate. And while mega-banks still make a lot of loans, they have basically determined that they can’t turn enough of a profit simply by sitting back and collecting interest. Loans to businesses represent just 11.5 percent …

  • The Credit Theory of Banking

    ByPrimary Researcher

    … how much credit can they create? Wicksell (1907) described a credit-based economy in the Economic Journal, arguing that..
    “The banks in their lending business are not only not limited by their own capital; they are not, at least not immediately, limited by any capital whatever; by concentrating in their hands almost all payments, they themselves create the money required….”
    “In a pure system of credit, where all payments were made by transference in the bank-books, the banks would be able to grant at any moment any amount of loans at any, however diminutive, rate of interest.” 12 [Wicksell …

  • The Denial of Credit to Nazi Germany

    ByPrimary Researcher

    Executive Summary

    International private banking interests punished Germany for creating its own debt-free money through the denial of international credit.

    Introduction
    Because the Nazi government created its own debt-free money, it was denied international credit. Therefore, its innovation was to trade or barter with countries without the use of currencies. If Nazi Germany had used a freely floating currency, it is more likely that private banking interests would have speculated against the currency. It is of critical importance that private banking interests be able to retaliate against any country that does not hand its money creation function over …

  • Bank Bail Outs and the Lies Told to Gain Support for Them

    ByPrimary Researcher

    … fulfilling the TARP’s original purpose. Incredibly, these funds also ended up going directly to banks. In fact, the HAMP’s faulty design caused many problems for mortgage borrowers across the country. When Treasury secretary Timothy Geithner was asked about the HAMP’s failure to help mortgage borrowers, his response, as reported by Elizabeth Warren and TARP Inspector General Neil Barofsky, provided one of the most telling exchanges of the financial crisis: “We estimate that [the banks] can handle ten million foreclosures, over time.… This program will help foam the runway for them.” In other words, when asked about …

  • TARP: The Troubled Asset Relief Program

    ByPrimary Researcher

    Executive Summary

    This program was designed to push bad assets off of the balance sheet o the banks and onto the government.

    Introduction
    TARP stands for Troubled Asset Relief Program. What it did was move toxic assets off of the balance sheets of the private banks and put them onto the government’s balance sheet. It was a bank bailout. The point of this program was to “save the banks” but also to hand out government money in return for nothing to private banking interests, and to hide bank fraud. It is explained in the following quotation.
    “The challenge for …