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Fundamental flaws in our banking system

Here is a very clear 15 minute talk given this week for BBC Radio 4, on the fundamental flaws in our banking system. As far as I know, this is the first ever explanation of how money is created given in any British mainstream media ever.

All the crises we are facing ……Peak oil, global financial meltdown, population growth, pension timebomb, climate change, resource depletion and species extinction……. All have their roots in the flawed banking system. Until the banking system is changed, you are wasting your time trying to come up with solutions to the crises affecting our distressed Planet. Money is fundamental to our existence yet few people know how it is created. Please let all your friends know about this.

Keep smiling


Some Famous quotes about Bankers and Banks

Graham F. Towers, Director, Bank of Canada…. "Each and every time a bank makes a loan, new bank credit is created — new deposits — brand new money."

John Kenneth Galbraith, Economist…."The process by which banks create money is so simple the mind is repelled."

Sir Josiah Stamp, Director, Bank of England, 1940….. Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again... If you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit. Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.””

Lloyd George, Former British Prime Minster…. "International bankers swept statesmen, politicians, journalists and jurists all to one side and issued their order with the imperiousness of absolute monarchs.”

Meyer Amschal Rothschild, International banker…."Give me the right to issue and control a Nation’s money and I care not who governs the country.”

Richard McKenna, former president of the Midlands Bank of England…. "Those that create and issue the money and credit, direct the policies of government and hold in their hands the destiny of the people."

John Adams 2nd President of the USA…. "All the perplexities, confusion and distress in America arise, not from the defects of the Constitution or confederation, not from want of honour or virtue, so much as from the downright ignorance of the nation, of coin, credit and circulation."

Abraham Lincoln 16th president of the USA…… "The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than the aristocracy, more selfish than the bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."

Henry Ford…… “It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."