Search Results for: hana

  • The Private Banking Connection to the US Civil War

    ByPrimary Researcher

    … European bankers. The European banking interests were in favor of ending slavery, yet they financially supported the Confederacy in any case.
    Why Bankers Prefer the British School of Economics Over Slaver
    This is explained in the following quotation.
    “Slavery just meant that the owners had to feed and care for their workers. The bankers preferred the European plan, capital would exploit labor by controlling the money supply while letting the laborers be themselves in July of 1862. This ploy was revealed in an editorial document called the hazard circular which was circulated by British banking interests. Among their American banking

  • William Harvey: People Profiled in Economics and Banking

    ByPrimary Researcher

    … concentrated in fewer and fewer hands. The farms, factories, and businesses would wind up owned by a few individuals and corporations that were controlled by the bankers who control the money supply. At the heart of the problem said Harvey was the Federal Reserve System, which allowed banks to issue debt and pretend it was money. This sleight of hand was what ahead allowed the bankers to slowly foreclose on the country moving ownership to the Wall Street banks, brokerage houses, and insurance companies.”
    Source: The Web of Debt
    https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859

  • The Necessity of Collecting Federal Taxes

    ByPrimary Researcher

    … government has the power to tax and to issue money. The power to tax means that government does not need to sell products, and the power to issue currency means that it can make purchases by emitting IOUs. Unlike private firms, the federal government maintains no stock of cash-on-hand and no credit balance at the bank. It doesn’t need to do so. There are surely limits of wisdom and prudence on federal spending, as well as numerous checks, balances, and self-imposed constraints, but there is no operational limit. The federal government can, and does, spend what …

  • The Real Causes of Inflation

    ByPrimary Researcher

    … As in the 2008 subprime lending crisis, private banking interests know they can make low standard loans with impunity, as the government will bail them out. All private banking interests have to do is claim that the bailouts are “necessary for the financial stability of the system.” This is after they actively destabilized the system.
    Governments Printing Money?
    Economists and private banking interests continually talk about “governments printing money” when governments have handed over their central banks to private banking interests.
    Nearly all money in all countries is brought into existence (or “printed”) by either private central banks or private

  • Are Bank Reserves Really Used or Required?

    ByPrimary Researcher

    … role in money creation in the United States. As the Fed will provide the necessary reserves by making them available at the federal funds rate. The banks borrow from the Fed at a low interest rate and extend credit to their customers at a higher rate. Where the sleight of hand comes in is that the Fed itself creates the reserves out of thin air. These reserves are not real money kept in the commercial bank for paying depositors, they exist only as liabilities on the Federal Reserve Bank’s books. Pierre maintains that the rules accounts kept at the …

  • How Private Banks Increase Income Inequality

    ByPrimary Researcher

    … me to tremble for the safety of my country. Corporations have been enthroned an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few and the Republic is destroyed.”
    Source: The Web of Debt
    https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859
    Lincoln’s Accuracy
    What Lincoln feared has come to pass. And there is a good reason that this quotation is not readily found or repeated.

  • How Banks Perform Money Creation

    ByPrimary Researcher

    … of commercial banks are money they are book entries that result from the crediting of deposits of currency and checks, and the proceeds of loans and investments to the customer’s accounts. Banks can build up deposits by increasing loans and investments, so long as they keep enough currency on hand to redeem whatever amounts the holders of the deposits want to convert into currency. if the business is active, these banks will probably have opportunities to loan. The $850,000 Of course they do not really make loans out of the money they receive as deposits if they did …

  • What Are the Real Causes of Inflation?

    ByPrimary Researcher

    … As in the 2008 subprime lending crisis, private banking interests know they can make low standard loans with impunity, as the government will bail them out. All private banking interests have to do is claim that the bailouts are “necessary for the financial stability of the system.” This is after they actively destabilized the system.
    Governments Printing Money?
    Economists and private banking interests continually talk about “governments printing money” when governments have handed over their central banks to private banking interests.
    Nearly all money in all countries is brought into existence (or “printed”) by either private central banks or private

  • US Colonial Script: Profiled Debt Free Money

    ByPrimary Researcher

    … own money and its own public central bank.
    This is explained in the following quotation.
    “The American colonies were an experiment in utopia in an uncharted territory, you could design new systems and make new rules. Paper money was already in use in England but it had fallen into the hands of private bankers, who were using it for private profit at the expense of the people. In the American vision of this new medium of exchange paper money was issued in lent by provincial governments, and the proceeds were used for the benefits of the people. The colonist’s …

  • Modern Monetary Theory

    ByPrimary Researcher

    … their control can and should print (or create with a few keystrokes in today’s digital age) as much money as they need to spend because they cannot go broke or be insolvent unless a political decision to do so is taken. ”
    “What happens if you were to go to your local IRS office to pay your taxes with actual cash?,” wrote MMT pioneer Warren Mosler in his book The 7 Deadly Frauds of Economic Policy First, you would hand over your pile of currency to the person on duty as payment. Next, they’d count it, give you …