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Money is an illusion

Guy Denutte "A concerned citizen"
The list author says: "Money is created “out of nothing”, even worse, out of “less than nothing”, out of DEBT. Whenever the government is in need of money, they “lend” it to the Federal Reserve, which, by the way, isn’t a government institution, but a cartel of private banks, invented by the Rockefeller and Morgan families in Jekyll Island in 1910 and established by Congress in 1913. The Fed then “creates” the money the government needs in the form of government bonds, ultimately made out of “paper and ink”. Government then spends this money (payment to contractors etc.) and this money ends up as deposits in private bank accounts, where it is used in turn to back up private loans. More money is created “out of nothing”, since banks typically lend 8 to 9 dollars for each dollar they have in deposit ! As you can see, all money is created out of debt. Would all debts be paid, all money would literally… disappear… Money which is not backed up by gold is thus an illusion.

Now, governments do all what is in their power to be indebted. Remember Bush and Obama rescued “Banks To Big To Fail” (sic) and other Big Corporations, each time with more than 700.000 million USD, without even raising taxes ! They even did better ! They lowered taxes at the same time ! Ever wondered how they perform this fascinating trick ? But of course, we DO end up paying those bills, every time government decides to “create money out of nothing”. Don’t be mistaken. Every time our governments expand the money supply, inflation goes up, and our money ends up being worth less. In 1966, when Greenspan was still a brilliant economist and not a corrupted chairman of the Fed, he called inflation a “hidden confiscation of wealth”."
Vile Acts of Evil: Volume 1   Banking in America
Vile Acts of Evil: Volume 1 Banking in America
"All the depressions, recessions, and panics we suffer are not produced by an “invisible hand”, but by the *expansion and contraction of the money supply*. And who is behind this ?  It is not an invisible hand.  It is the *central bank* that interferes with the monetary expansion and contraction.  Contrary to popular belief, the Fed is not a national bank.  It is a cartel of private banks."
The Creature from Jekyll Island: A Second Look at the Federal Reserve
The Creature from Jekyll Island: A Second Look at the Federal Reserve
"Griffin explains in great detail how the conspiracy to set up a central bank in the US, based on the European model imposed by the Rothschilds, was the result of a conspiracy by the mayor bankers, who came together in Jekyll Island in 1910, what would finally result in the Federal Reserve Act of 1913."
Capitalism: A Love Story
Capitalism: A Love Story
"Moore asked some Wall Street boys, including a Harvard professor, what a "derivative" is, and neither of them succeeded.  And that's exactly the point.  Make it complicated, and no questions will be asked.  When things go wrong, go to the government and ask for the taxpayers' money - like the conspiracy of Jekyll Island projected.  (In the meantime, the house owners be damned.)"
Late Capitalism (Verso Classics)
Late Capitalism (Verso Classics)
"Not only does capitalism deplete natural resources essential to humanity, it even "borrows" on the next generations to increase the current consumption in order to prevent crises, following Keynes' recipe, invented when he thought that anyway, "in the long run, we're all dead".  Ernest Mandel states that you cannot expand consumption beyond a certain point.  "In the long run, we’re all broke"
Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (A Penguin Group eSpecial from Penguin Books)
Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (A Penguin Group eSpecial from Penguin Books)
"If you – like me - heard once too much that the actual crisis is similar to the Great Depression of the ‘30s, and always wanted to know what really happened THEN, then this book sorts it all out, and it shows also that the current crisis is the beginning of the end of the US Empire."