Bank of England create money out of nothing!

[beetzart]

http://news.bbc.co.uk/1/hi/business/7004383.stm

It says it on this bbc page. About 3/4 of the way down. They simply create it then it gets paid back and disappears again! Finally I have found proof on a mainstream site that banks do this. I never doubted it of course but it just proves what a bunch of crooks they really are.

So £10bn is lent I mean created into existence. Commercial banks borrow this and lend it out in loans and mortgages, that take years to pay off, but they can pay it back to the BoE in under three months!!! How is this possible? I suppose you could argue that previous loans help pay this off but how do they make it all add up?

Is it just the BoE that can create money out of nothing or can Commercial banks do it as well? The bank create £10bn into the economy that will be lent out surely this causes inflation? I'm lost:confused:

[john white]

He He He

BOE = Pwned!

[serpentoffire]

See this video:

http://video.google.com/videoplay?docid=-9148602728649390194

[phildee3]

I'm lost

If it's any consolation; - so are they.

[john white]

I'm lost

Only if you believe its supposed to work and make sense

Fiat currency = biggest blag in history

[kblood]

I already knew about this before Icke had written about it. As far as I know it is an official law saying that banks are allowed to make "money out of nothing". Most banks have a cap on how much money they are allowed to "make", but it is to support economic growth. That is the public version of the concept though. Cant this law be found somewhere? I have taken an education in economics, and I guess that is why I know why banks are allowed to make money out of nothing. If banks were not allowed to make money out of nothing, we would actually have a big problem... well some would. The world bank, where does it get its money from? The bank that lends money to countries who needs money to get their economy back on track. As far as I know, the world bank is 100% virtual money. No gold bars or anything backing it up. This works two ways though... if it was gold bars or some other kind of mineral that backed up the money in the world bank, then everything would collapse if the value of gold dropped alot? or if it got robbed?

I guess it does seem wierd that banks get to play with money they do not have, but that is a gamble on the banks side. I heard about one bank in the US that gave Mexico a loan for millions of dollars. Mexico could not pay off the loan, so that bank had to close :D Quite funny I think. That will teach them to lend out money they do not have.

[december]

Bank of England create money out of nothing! http://news.bbc.co.uk/1/hi/business/7004383.stm

OK...
And what are you, British people, going to do about it?...

[john white]

OK...
And what are you, British people, going to do about it?...

And what are you going to do about the Russian Central Bank that operates in exactly the same way?

[john white]

Know about it and spread that knowledge whilst being informed about alternative ways currency could work btw

[december]

And what are you going to do about the Russian Central Bank that operates in exactly the same way?

Do you know what are you talking about?

[kblood]

Know about it and spread that knowledge whilst being informed about alternative ways currency could work btw

Yup... to get free of the prison that banks of today puts us in, we need another way of dealing with currency. Having money being made digitally and on paper has caused so many problems during these last 2000 years. Like Germany when their economy collapsed. They chose to simply print more money, so each month the german marks dropped in value so much that it the sallery for the workers had to be double or trippled to match the sallery they had to month before. It ended up with everyone having to pay 50.000 for a bread and so on :rolleyes: Then there is all the scams that have been made, with companies made of all fictional money, based on fictional loans, and only going to go bankrupt after cashing in on some fraud.

Our current system is flawed, and hopefully we will find a better one before the turn of the century.

[john white]

Do you know what are you talking about?

Yep, always: its a central bank!

Wakey wakey November

[john white]

Yup... to get free of the prison that banks of today puts us in, we need another way of dealing with currency. Having money being made digitally and on paper has caused so many problems during these last 2000 years. Like Germany when their economy collapsed. They chose to simply print more money, so each month the german marks dropped in value so much that it the sallery for the workers had to be double or trippled to match the sallery they had to month before. It ended up with everyone having to pay 50.000 for a bread and so on :rolleyes: Then there is all the scams that have been made, with companies made of all fictional money, based on fictional loans, and only going to go bankrupt after cashing in on some fraud.

Our current system is flawed, and hopefully we will find a better one before the turn of the century.

alternative money systems - Google Search

70,700,000 hits on "alternative Money systems"

Get researching! ;)

[kblood]

Do you know what are you talking about?

You really think it is only in England it is done like this? As I was writing in my thread, it is EVERY bank in the world. It is legal, and it is part of bank policy as far as I know. Icke has written alot about it, but he also seems to think it is a secret. As far as I know it is no secret. Banks are allowed to make "money out of nothing". It is simply a part of the concept of banking.

The central bank is the one that is allowed to do it, and then every other banks simply get their money from the central bank.

[kblood]

http://www.google.co.uk/search?hl=en&q=alternative+money+systems&meta=

70,700,000 hits on "alternative Money systems"

Get researching! ;)

Yea :D Problem is I do not really care about politics, so I probably wont be the one trying to solve this problem. Unless I find a way to do so effectively in the future. I need more connections first, that is for sure.

[john white]

Knowing about it and being prepared to say so is more than enough Kblood

Who knows who you may inspire?

[kblood]

Knowing about it and being prepared to say so is more than enough Kblood

Who knows who you may inspire?

That is so very true :) Every bit helps. I guess I will have a look at it. The thing is that it is hard to choose from 7 mill. hits :p

[john white]

There's some good suggestions here:

http://video.google.com/videoplay?docid=-9050474362583451279

[december]

Yep, always: its a central bank!

Wakey wakey November

What's the name of it?

[john white]

What's the name of it?

dont you know?

[freespark]

Do you know what are you talking about?

Ever hear of 'Fractional Reserve Banking' (read biggest scam in history)?...Take a look at this...http://www.fdrs.org/money_creation.html

The Federal Reserve is privately owned cartel who rake in Trillions of dollars in 'interest' off the 'taxpayers'. :eek:

Money, Banking & the Federal Reserve Masters of the Universe The Capitalist Conspiracy
BANKS CREATE MONEY OUT OF NOTHING
Knowing how money is created will help you understand how we can get you out of credit card debt, unsecured loans and lines of credit. Over the past 27 years the Managing Director of FDRS has done nothing but research money - how it works, who has it, how they got it and where it comes from. What changed my life was learning about how money is created. It is by far the most important financial aspect you will learn in this lifetime.

The current gross national debt is ridiculous, as you can see in the sum of personal and federal government debt, shown to the right. The counter doesn't include the Social Security and numerous other governmental debts totaling over $75 Trillion. So, everybody wants out of debt, but there is only $3.8 Trillion ($753 Billion in 02/06) in currency in the whole U.S. economy, so something doesn't add up, right? Let’s get to the bottom of it.

Currently the Federal Government spends more than they can tax us each year, entirely because they’re paying all of this revenue towards interest on previous years’ loans. So, what they do is have the Treasury print U.S. Bonds to exchange for loans from the privately owned Federal Reserve System.

The private Federal Reserve owners don’t have a trillion dollars to lend the Government, nor do they need it. All they do is create it, via a bookkeeping entry, and write a check to the U.S. Government as the loan in exchange for the U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank so cashing this check is very easy.

The Government now spends this newly created money into the economy by paying the Court, Postal and Military employees, etc. These consumers then deposit their paychecks in a commercial bank, Bank of America for example. The commercial banks deposit their customers’ check (newly deposited money) at their local Federal Reserve Bank and the Reserve Bank allows the commercial bank to issue up to 33 times more new electronic money, some of which is used to cover the customers’ initial deposit. This is called "Fractional Reserve Banking."...............

[kblood]

http://www.letslinkuk.org/

There is the system called LETS... looks promising, but it does seem that it could be a problem to use worldwide. I do not fully understand the LETS system yet.

December:
Every country have their own central bank as far as I know. It is there to balance the economy of the country or nation.

[december]

Ever hear of 'Fractional Reserve Banking' (read biggest scam in history)?...Take a look at this...http://www.fdrs.org/money_creation.html

The Federal Reserve is privately owned cartel who rake in Trillions of dollars in 'interest' off the 'taxpayers'. :eek:

And what does this bank have to do with Russia?

[freespark]

http://www.geocities.com/northstarzone/FED.html

THE FEDERAL RESERVE FRAUD

The first misconception that most people have is that the Federal Reserve Bank is a branch of the US government. IT IS NOT. THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Most people believe it is as American as the Constitution. THE FACT IS THE CONSTITUTION FORBIDS IT'S EXISTENCE. Article 1, Section 8 of the Constitution states that Congress shall have the power to create money and regulate the value thereof, NOT A BUNCH OF INTERNATIONAL BANKERS! Today the FED controls and profits by printing WORTHLESS PAPER, called money, through the Treasury, regulating its value, AND THE BIGGEST OUTRAGE OF ALL, COLLECTING INTEREST ON IT! (THE SO-CALLED NATIONAL DEBT). The FED began with approximately 300 people or banks that became owners, stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison. The FED banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money through the Treasury at no interest to the FED.
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud. Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed: 1. Rothschild Bank of London 2. Warburg Bank of Hamburg 3. Rothschild Bank of Berlin 4. Lehman Brothers of New York 5. Lazard Brothers of Paris 6. Kuhn Loeb Bank of New York 7. Israel Moses Seif Banks of Italy 8. Goldman, Sachs of New York 9. Warburg Bank of Amsterdam 10. Chase Manhattan Bank of New York.

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America where our forefathers were fighting their own government, they planned to control us by controlling our banking system, the printing of our money, and our debt. The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank: First National Bank of New York, James Stillman National City Bank, New York, Mary W. Harnman, National Bank of Commerce, New York, A.D. Jiullard Hanover, National Bank, New York, Jacob Schiff, Chase National Bank, New York, Thomas F. Ryan, Paul Warburg, William Rockefeller, Levi P. Morton, M.T. Pyne, George F. Baker, Percy Pyne, Mrs. G.F. St. George, J.W. Sterling, Katherine St. George, H.P. Davidson, J.P. Morgan (Equitable Life/Mutual Life), Edith Brevour, T. Baker.

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation. When elected, Wilson passed the FED. Later, Wilson remorsefully replied, referring to the FED, "I have unwittingly ruined my country". Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected.


The bankers employ members of the Congress on weekends (nickname T&T club -out Thursday...in Tuesday with lucrative salaries. Additionally, the FED started buying up the media in the 1930's and now owns or significantly influences most of it. Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest. Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free. Forty percent of our personal federal income taxes goes to pay this interest. The FED's books are not open to the public. Congress has yet to audit it. Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. Congressman Henry Gonzales, Chairman of a banking committee, introduced legislation to repeal the Federal Reserve Banking Act of 1913 almost every year. It's always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress.
THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE. We, the People, are at fault for being passive and allowing this to continue. THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENT OF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country dearly.

They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable. Half a million dollars was spent on one part of propaganda organized by those same European bankers for the purpose of misleading public opinion in regard to the Federal Reserve Bank.

[freespark]

And what does this bank have to do with Russia?

They all work on the same principle. This is how they own half the planet...THEY CONTROL THE 'MONEY'.

[december]

They all work on the same principle. This is how they own half the planet...THEY CONTROL THE 'MONEY'.

Who they?
I asked john white to NAME a central bank of Russia, but he couldn't. And then you posted the info about a bank in America.

So if you cannot even name a bank in Russia then what are you trying to teach me?

[kblood]

Who they?
I asked john white to NAME a central bank of Russia, but he couldn't. And then you posted the info about a bank in America.

So if you cannot even name a bank in Russia then what are you trying to teach me?

John White asked wether you really did not know the name of the russian central bank yourself? Why should we care what the russian central bank is called in Russia? If you go to a bank and make a loan, the money does not exists other than digitally. They do not have these money, and do not print more money to do this. Usually banks lend out more money than they have on the bank accounts in the bank.

They = all banks, and Illuminati who began the banking system millenia ago.

You really ought to read up on the books David Icke has written.

You really expect us to know the name of a bank in Russia to be able to teach you something? Guess what, Russia is not exactly the most popular country in the world. For some reason Russia has chosen communism, and therefore we do not really see many russian products around the world. All I can think of is the russian doll, MIR and other space stuff. Oh yes, and the AK-47 of course, which for some reason is very popular in the middle east. Or was anyway.

If there is something we do not know about Russia, then it would be nice if you told us... with you being one of the few russian forum users.

If it happens to be so that Russia doesnt have any kind of banking system, then we have been mistaken, and Illuminati does not control the economy in your part of the world... directly anyway.

[whitenight639]

Who they?
I asked john white to NAME a central bank of Russia, but he couldn't. And then you posted the info about a bank in America.

So if you cannot even name a bank in Russia then what are you trying to teach me?

Can we stop the bickering and bitching, this was a legitamate thread, now were having a schoolyard contest over who knows what the russian bank is called!
:mad:

[freespark]

Who they?
I asked john white to NAME a central bank of Russia, but he couldn't. And then you posted the info about a bank in America.

So if you cannot even name a bank in Russia then what are you trying to teach me?

Well if the name of the bank is all that's important to the information being offered.... it seems it's a waste of time.

You probably never even read 2 sentences of my two previous posts. Carry on in your bubble mate.

[december]

John White asked wether you really did not know the name of the russian central bank yourself?

He didn't asked such question. Here's what he wrote:


And what are you going to do about the Russian Central Bank that operates in exactly the same way?

http://davidicke.com/forum/showthread.php?t=10030

As you can see he asked me this - what are you going to do about the Russian Central Bank and not about the name of it.
He just assumes that there IS a central bank in Russia which, as John White believes, "operates in exactly the same way".

I just wonder where is he getting his information from....

:)

[december]

Can we stop the bickering and bitching, this was a legitamate thread, now were having a schoolyard contest over who knows what the russian bank is called!
:mad:

Oh... Gee...
I am not even sure what I am ALLOWED to post now.

By the way, why you didn't say the same thing in my thread about Beautifull White Women which was hijacked and flooded with nonsense posts?

[montag]

The Central Bank of the Russian Federation 12 Neglinnaya Street, Moscow, 107016 Russia; tel.: (495) 771 91 00; fax: 621 64 65; E-mail: webmaster@www.cbr.ru

What information do you have on this bank December? Is this bank regulated by the Bank for International Settlements? If so I can't see how it is different to other central banks..

Montag

[december]

The Central Bank of the Russian Federation 12 Neglinnaya Street, Moscow, 107016 Russia; tel.: (495) 771 91 00; fax: 621 64 65; E-mail: webmaster@www.cbr.ru

What information do you have on this bank December? Is this bank regulated by the Bank for International Settlements? If so I can't see how it is different to other central banks..

Montag

OK.
So do you know who the major shareholders are?

And what are you going to do about the Russian Central Bank that operates in exactly the same way?

[montag]

OK.
So do you know who the major shareholders are?
I don't know, but this ought to give you a clue..

http://img218.imageshack.us/img218/9786/mainlogoam2.gif (http://imageshack.us)

[december]

I don't know, but this ought to give you a clue..

http://img218.imageshack.us/img218/9786/mainlogoam2.gif (http://imageshack.us)

Do you know the history of Russia's state logos BEFORE AND AFTER 1917 or you just see the Freemasons everywhere?

:)

[montag]

Do you know the history of Russia's state logos BEFORE AND AFTER 1917 or you just see the Freemasons everywhere?

:)
Hey December, this is not a one way street. You haven't answered any of my previous questions yet you keep firing them at me..

What information do you have on this bank December? Is this bank regulated by the Bank for International Settlements? If so I can't see how it is different to other central banks..

:)

[john white]

Who they?
I asked john white to NAME a central bank of Russia, but he couldn't. And then you posted the info about a bank in America.

So if you cannot even name a bank in Russia then what are you trying to teach me?

Bitching at us doesnt change the fact that the Russian Central Bank:

Central Bank of Russia - Wikipedia, the free encyclopedia

Pulls cash out of thin air same as all the other interest charging banking scam merchants

But hey, lets not let truth penetrate your prejudice, hey robot boy?

Родина по всем, right November? Putin wouldnt lie, scam and abuse you, would he?

[john white]

Hey December, this is not a one way street. You haven't answered any of my previous questions yet you keep firing them at me..

:)

Thats all he can do, hes not programmed to think

[whitenight639]

we need our own currency now! infact i will look into creating a website with a database of local complementary currencies and retailers/ producers in thoses local economies, so people will actually use them!

[phildee3]

http://www.letslinkuk.org/

There is the system called LETS... looks promising, but it does seem that it could be a problem to use worldwide. I do not fully understand the LETS system yet.

LETS is amazing, but it's a just stop-gap to the future economic system, which we must all embrace for our survival, called "gift economy."
But this is beyond most people to grasp, or apply, because of our programming.
That's why we have LETS; - it lets us make the transition.

Lets do it!
(It's either that or looting when the banks fail).

[freespark]

Bitching at us doesnt change the fact that the Russian Central Bank:

http://en.wikipedia.org/wiki/Central_Bank_of_Russia

Pulls cash out of thin air same as all the other interest charging banking scam merchants

But hey, lets not let truth penetrate your prejudice, hey robot boy?

Родина по всем, right November? Putin wouldnt lie, scam and abuse you, would he?

Does not compute...fffzzsss pooff zzzttt....does not compute ffzzzzpttsss zzzz does not compute whirrrr

[kblood]

Oh... Gee...
I am not even sure what I am ALLOWED to post now.

By the way, why you didn't say the same thing in my thread about Beautifull White Women which was hijacked and flooded with nonsense posts?

You are one of the few here posting almost nothing but nonsense December. Even the thread "Beautifull White Women", was just about you being stupid again thinking the "Beautifull coloured women" was thread about women who arent white. White women are also coloured you know, just not in that racist world of yours, where everything is about either calling someone a racist against white people, or how others are to handle their own problems.

Lately it seems you are targetting this whole forum. Why? Everytime you post something really stupid and others tell you so, you just go, "I do not even know what I am ALLOWED to post on this forum anymore". You are obviously allowed to post just about everything, and still you complain and whine.

The main reason that your women thread was hijacked is probably because of all the other threads you have tried turning into nonsense.

Bah, I guess you cannot even understand what I am writing anyway. Guess I will just have to ignore you December. You seems to be ignorant and stupid on purpose. Really is the only explinaiton I can come to.

To get back on topic again:
phildee3, yup I think you are right. LETS probably is a good system to use while waiting.

[phildee3]

phildee3, yup I think you are right. LETS probably is a good system to use while waiting.

It's just one of many.
I think the key is diversity; like with many things in the new paradigm.
Here's another that contains the seed of "gift ecomomy":
http://www.freecycle.org/groups/unitedkingdom/