Tories admit Labour did NOT cause the Great Recession

[Fletch]

Money creation in the modern economy - Bank of England

This article explains how the majority of money in the modern economy is created by commercial banks making loans. • Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they 'multiply up'.

(that should carry on to say central bank money)

Bank of England on Money and Money Creation in the Modern Economy

Where does money come from? In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood. The principal way in which they are created is through commercial banks making loans: whenever a bank makes a loan, it creates a ...

https://www.google.co.uk/search?q=money ... 20&bih=947

The BoE has changed their website and finding the original is now difficult but many links to the original with excerpts on that link.

The media also reported on the release at the time:

The truth is out: money is just an IOU, and the banks are rolling in it

Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.
https://www.theguardian.com/commentisfr ... -austerity

There is also a link in the article which leads to the same dead end now as the other links from google.

[Rolluplostinspace]

Money creation in the modern economy - Bank of England

This article explains how the majority of money in the modern economy is created by commercial banks making loans. • Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they 'multiply up'.

(that should carry on to say central bank money)

Bank of England on Money and Money Creation in the Modern Economy

Where does money come from? In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood. The principal way in which they are created is through commercial banks making loans: whenever a bank makes a loan, it creates a ...

https://www.google.co.uk/search?q=money ... 20&bih=947

The BoE has changed their website and finding the original is now difficult but many links to the original with excerpts on that link.

The media also reported on the release at the time:

The truth is out: money is just an IOU, and the banks are rolling in it

Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.
https://www.theguardian.com/commentisfr ... -austerity

There is also a link in the article which leads to the same dead end now as the other links from google.

I remember it well.
Always denied and always the official fairy story that banks loaned out money they actually had.
But thanks to the internet the whole world was waking up to some uncomfortable truths .... because of the axis of evil nations.
The Bank of England finally came clean and admitted the money comes from the magic money tree completely free of charge.
Of course before the BoE held its hands up people who tried to explain that money was created as debt were scoffed at.
Aluminium hats etc.
The official line is that the removal of the Glass Steagal act played no part in the crash of 2008.
The question is if it as so unimportant why did it have to be repealed?
It was to help drive the banks into the casino mentality and to make sure that after the event ... the looting of the worlds economy ... no bank corporation government or individual could take legal action against those responsible.
Something else gone from the internet is Rockefeller admitting that he demanded fifteen billion quid from Fannie Mae within a month which was impossible.
They could only crash and burn and all their assets fall into his hands.
As they say the rest is history.
But of course not for everyone.
Conspiracy tinfoil hats etc.

[Rolluplostinspace]

Loans often almost interest free were being given to people on benefits.
Money was being poured into the economy from the magic money tree.
This happened just before the crash of the thirties too.
My bank manager at the time who's husband was also a bank manager told me she was taking early retirement and so was her husband because they wanted no part of what was happening.
Why what's happening I asked.
Do a little research ad see what happens when banks flood an economy with money.
That's wen I figured out a major global financial crisis was coming.
That's when I used to post a lot about it starting in 2006.
What I and many others didn't see was the to big to fail agenda where even more money was plucked from the magic money tree for the banks .... unbelievable.
Not only were they inflating and then deflating the money supply they were also on a huge looting spree.

You weren't alone, it was bloody obvious it was all going to blow up at some point. Well, obvious to prudent people.

But still missed by you is the fact that these bank managers didn't want any part of what was being done.
They knew their history.
They knew it had been done in the thirties by design.
The whole economic system was being purposely herded in one direction.

So why didn't our government know? Why didn't they control it? Why did they hand over control?

Because they are all connected.
Camerons wife for example comes from the Rothschilds.
Osborne is a Baron connected to banking.
These are banking families.
If a government decides to stop the international bankers in their tracks they're dead.
It's why socialism can never work.
The capital is controlled by a handful of people who simply cut off the money supply and threaten people and their families.

[Lady Murasaki]

Cameron wasn't pm when the government handed over control of rates.

[Rolluplostinspace]

Cameron wasn't pm when the government handed over control of rates.

It was a brief explanation of being connected.
Do you really think governments aren't working for people higher up?

[Rolluplostinspace]

The world is governed by very different personages from what is imagined by those who are not behind the scenes. Benjamin Disraeli

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If you control energy you control continents.
If you control food you control men.
If you control money you own the world.
Henry Kissinger.

This is how these people think.

[Viper]

Lol someones triggered the crazies!

[Rolluplostinspace]

Lol someones triggered the crazies!

Only the crazies .... were proved right by the BoE admission that money is created from thin air as debt.
Those BoE folk are the crazies then.
Most CT's turn out to be true unfortunately for you Vipes.

[Viper]

Lol someones triggered the crazies!

Only the crazies .... were proved right by the BoE admission that money is created from thin air as debt.
Those BoE folk are the crazies then.
Most CT's turn out to be true unfortunately for you Vipes.

Name one.

[Rolluplostinspace]

Lol someones triggered the crazies!

Only the crazies .... were proved right by the BoE admission that money is created from thin air as debt.
Those BoE folk are the crazies then.
Most CT's turn out to be true unfortunately for you Vipes.

Name one.

The Gulf of Tonkin Incident

[Rolluplostinspace]

MKUltra

[Rolluplostinspace]

A secretive, cult-like gathering of world elites ..... Bohemian Grove.

[Fletch]

Lol someones triggered the crazies!

Only the crazies .... were proved right by the BoE admission that money is created from thin air as debt.
Those BoE folk are the crazies then.
Most CT's turn out to be true unfortunately for you Vipes.

Name one.

How about 10?

10 Crazy Conspiracy Theories That Became Conspiracy Facts

http://www.zerohedge.com/news/2017-05-2 ... racy-facts

[Fletch]

A Conspiracy Theory that became a “Conspiracy Fact”: The CIA, Afghanistan’s Poppy Fields and America’s Growing Heroin Epidemic



https://www.globalresearch.ca/a-conspir ... ic/5533673

When did US go in to Afghanistan and who was the enemy?