.. no matter which way ...
.. you try to look ...
.. it's a rip-off
Thesis/Subtitle: bernanke; print, print, print!
Concomitant: banksters; gimme gimme!
Corollary: too many and too few $s
Trigger article #1:
Flashback - The Eleventh Marble
«This is the reason why every nation enslaved to a private central bank [is] drowning in unpayable debt. Private Central Banks issuing the public currency as a loan at interest by design create more debt than money with which to pay that debt, to keep us all slaves to debt. They are pyramid schemes that continue to work only so long as ever-larger pools of borrowers can be found. But when everyone is too deep in debt to borrow more, the system collapses which is what is happening now in the US and across Europe. There is no way to pay back the debt, and it is pointless to waste ones life trying.
There is no eleventh marble.»
Comment 1: One should read it all, including following up any links. In particular, note that the cited article points to another one here. (Sadly, the embedded youtube vids no longer work.)
Comment 2: It may seem simplistic, but it describes *exactly* how money = $s are created *out of nothing*, then lent out at interest = %. Note that it's *all* $s, and just who gets the % (except see article #3).
Trigger article #2 (extends #1):
Awaken slaves! - How The Private Central Bank Ponzi Scheme Trapped And Destroyed America
«The Central Bank knows that those pieces of paper with ink are worthless. But while the Central Bank can just create those paper notes out of thin air (legalized counterfeiting), you may not. In order to pay that ever-growing debt you have to do what you are told to do by those who have some of those pieces of paper to hand out tell you to do. Work long hours. Invade a foreign nation that refuses to have a Private Central Bank. Torture innocent people to death to find weapons of mass destruction that do not exist to justify a war. Compromise your morals and integrity. Perform sexual favors ... »
Comment 1: This is 'more of the same' after article #1; as usual, one should read it all. In particular, note that the cited article points to another one here. (Note that article contains an error; should read "Coinage Act of 1792.")
Comment 2: See how governments, here the US, bow to external influence - to our, we the people's cost; same in Aus etc. = *un- & anti-democratic*.
Trigger article #3 (repeat):
What a government can do with its own bank: The remarkable model of the Commonwealth Bank of Australia
Ellen Brown, August 4th, 2010
«The Commonwealth Bank was able to achieve so much with so little because its first Governor, Denison Miller, and its first and most ardent proponent, King O’Malley, had both been bankers themselves and knew the secret of banking: that banks create the “money” they lend simply by writing accounting entries into the deposit accounts of borrowers.»
Comment #1; long story short: How a banking system *should* work.
Comment #2: Note that Aus *had* a publicly owned central bank, performing somewhat as the BND, but it was varied from its successful function (RBA created by Libs in 1959), then later privatised by Labor = *both traitors*. Then since Howard/Costello (ever more traitors; bipartisan = un- & anti-democratic); Aus now has a so-called 'independent' RBA (open to lobbying, say, as other corruption), thus de-coupling central-bank functions (i.e. fiscal policy) from democratic control (as if we, the people had some say - not); and making the way free for ever more external predation, like FDI, say. All to the filthy 'neoliberal' plan, but *nothing* like "of, by, for the people."
Argument #1: The banking system which depends on loaning $s @ % - without creating the $s needed to pay the % - is an outright rip-off. It is a prime example of my 'leaky-bucket' analogy, whereby what leaks out is effectively gone (from us, we the people), and lands in so-called 'private' banks = then mostly into the pockets of the already obscenely rich fat-cats - since (by definition) the rich own most of the shares.
Argument #2: Neoliberalism is variously called 'economic rationalism' and/or some sort of 'free market' system, but there's nothing 'rational' nor 'free' about a failing system - becoming the dominant mode across the 'Western' world (see US, UK, B & PIIGS etc.). (Additionally, it's one of the many *misuses* of the word 'liberal.') One major problem with our current system is this bankster rip-off = leaky-bucket. (Another *huge* problem is 'economic rent' = unearned income, hence the MRRT, say - IF Gillard's version works. Recall 'euthanasia of the rentier' - multiple possible applications.)
Argument #3: In a perfect world, competition could work - it's why the phrase 'level playing-field' is so attractive - but our world is sadly *far* from perfect.
Musing #1; Q: Why is any of this discussion possibly news? A: Because neither the wicked banksters themselves, nor the traitorous governments or the corrupt & venal news 'gatekeepers,' or any swindle-beneficiaries - want you to know. It is such a simple rip-off, but usually 'hidden,' by silence and obfuscation. Proof of malfeasance? You may decide; but then add academics to the list of perpetrators - they, the so-called 'independent thinkers' should be yelling it at us from their 'ivory-towers' - their silence is particularly deafening.
Musing #2; Q: What's about 'too many and too few $s?'
A1: The 'too few' refers to the banks only creating that which they loan out; IF govts took ownership of $-creation THEN the % would accrue back to those govts, to be spent into the community on infrastructure and services, reducing taxes and financing jobs at the same time as *properly* balancing the books. Q: What stops govts doing this? A: Outright corruption.
A2: The 'too many' refers to the perverse, excess printing; *guaranteed* to cause inflation some where/when, at the same time debasing the currency - all central banks' 'inflation targets' should be set to zero, no plus/minus.
Musing #3; Q: What's about 'pushing s**t uphill?'
A: That's us, we the people; recall Sisyphus.
Fazit: One of the biggest problems of all is that a 'deregulated free market' lets the cheats prosper (mainly at ours, we the people's expense) - and just how smart (let alone fair) is that?
 deceive v. (-ving) 1 make (a person) believe what is false; purposely mislead. 2 be unfaithful to, esp. sexually. 3 use deceit. deceive oneself persist in a mistaken belief. deceiver n. [POD]
 lie2 -n. 1 intentionally false statement (tell a lie). 2 something that deceives. -v. (lies, lied, lying) 1 tell a lie or lies. 2 (of a thing) be deceptive. give the lie to show the falsity of (a supposition etc.). [Old English] [ibid.]
ELO/Os = hapless erstwhile legal owner/occupiers
I/J/Z-plex; illegitimate IL squats on genocidally ethnically-cleansed = improperly alienated, mainly Palestinian ELO/Os' land/property = IL is an un-remedied crime-scene and *all* I/J/Z-plex (except any actively opposing) are guilty; sole remedy = reparations = revest where possible, adequate = acceptable recompense where not + *sincere* apology
M/I/C/$4a†-plex = military, industrial, Congress (US-speak for parliament); $ = banksters, 4 = 4th estate = MSM+PFBCs, 'a' = academia incl. think-tanks, † = the churches.
MSM = mainstream media (print and broadcast), aka 'corrupt&venal'
neoliberalism = 'economic rationalism,' 'supply-side,' (wicked) privatisations, 'small govt.' = minimised to no égalité etc. + globalisation = wage arbitration etc. = <1% rips off 99%+
PFBCs = publicly-financed broadcasters, like the AusBC
ppp-dd'd = pushed propaganda paradigm dumbed-down
PRopaganda = PR + propaganda, usual qualifier: 'lying'
SQSHsO = snivelling quisling sycophantic hangers-on
the Enlightenment well summarised by liberté, égalité, fraternité
US-MMH = Media (aka press, radio + TV), Madison Ave., Hollywood
US&/Zs = the US of A and/or Zionists; sometimes indistinguishable
XS-CO2-CCC = excess CO2 climate-change catastrophe
Zionism (latest post-Jabotinsky, '23) = permanent war
the bankster swindle
= pushing s**t uphill,
with a pointed stick
.. no matter which way ...