02-27-2018, 02:30 PM
(This post was last modified: 02-27-2018, 02:33 PM by EvadingGrid.)
Fraction Reserve Banking is in itself not the problem, its that the interest goes to Private Banks and that it is Covert.
For example, if the interest collected was used to fund the NHS, would that be a bad thing - obviously not. If the people where aware of the money creation mechanism, then an honest debate would be possible. The money creation should be under public control, under elected officials, which would mean that they could be held accountable. As the system stands, Private Banks are not held accountable.
It is sad that much of the information put out on this topic is delivered by the Truther Industrial Complex to sell False Solutions.
The internet is crawling with False Solutions, such as a return to the Gold Standard, the very mechanism that enabled the most evil banking families to come to power. . . yet it is peddled as a Solution.
For example, if the interest collected was used to fund the NHS, would that be a bad thing - obviously not. If the people where aware of the money creation mechanism, then an honest debate would be possible. The money creation should be under public control, under elected officials, which would mean that they could be held accountable. As the system stands, Private Banks are not held accountable.
It is sad that much of the information put out on this topic is delivered by the Truther Industrial Complex to sell False Solutions.
The internet is crawling with False Solutions, such as a return to the Gold Standard, the very mechanism that enabled the most evil banking families to come to power. . . yet it is peddled as a Solution.