Word of the Day: Reserve Requirements


The reserve requirements set the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. Depository institutions must hold reserves in the form of vault cash or deposits with Federal Reserve Banks. The reserve requirement can affect monetary policy, because the higher the reserve requirement is set, the less money banks will have to loan out, leading to lower money creation, and maintaining the purchasing power of the currency previously in use. The effect is exponential, because money that is loaned out can be re-deposited; a portion of that money may again be re-loaned, and so on. To watch the full episode of Capital Account with Lauren Lyster check out youtube.com Follow Lauren on Twitter: twitter.com


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ECB Cuts Reserve Requirements in Half--to 1% Fractional Reserve Requirement!


Special thanks to www.swissmetalassets.com for sponsoring the silver coin giveaway. Brecht's Conference Details: conference.safecapital.eu


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Banking 8: Reserve Ratios


How reserve requirements limit how much lending a bank can do.


reserve requirement banking

How Money is Made / Created: Ben Dyson Explains the Debt Crisis


www.positivemoney.org.uk Ben Dyson gives clear answers to 3 Key Questions Who creates money? How much money do they create? What do they do with the money they create? He shares some very interesting and profoundly important facts and shows how far the reality of banking is away from the text-book model of banking and which major implications the current system has on our lives. How do banks create money out of nothing? How do they create money as debt? Has money been privatised? We recommend it as an educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system. Presented at the Positive Money Conference in London. This is a 20 minute extract from a longer talk; you can watch the full 52 min version here: bit.ly


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James Rickards on the Fed's European Bailout and a Global Central Bank (11/30/11)


To watch more visit us @ www.youtube.com twitter.com twitter.com More rounds of ammunition were fired off in the global currency wars today, as six of the world's central banks including the Federal Reserve, Bank of England, and the European Central Bank coordinate to get cheap dollars to starving european banks. Meanwhile, across the pacific, China is cutting its reserve requirements by 50 basis points for the first time in nearly 3 years, a sign that the world's second largest economy and biggest exporter is now reversing its policy of trying to curb inflation and loan growth. We are joined by James G. Rickards, author of Currency Wars to discuss these issues, as well as the growth in gold buying and gold repatriation by foreign central banks, the world over. We also speak to Jim Rickards about the role he thinks the IMF and its global SDR will play in the years to come, and if the latest bailout 600 billion euro italian bailout rumor may be just the opportunity for the IMF to step up as a player in the global currency war. He says the IMF is turning into a global central bank and that the federal reserve is looking more and more like a hedge fund. And on the issue of gold, speakers at a UFO convention in South Africa insist that extraterrestrials visited out planet in search of gold about 300000 years ago, cloned their genetic make-up and gave rise to mankind. Ever since, they've been in contact with world leaders, and ever since, we have been obsessed with gold! And <b>...</b>


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How Does Current Banking System Affect YOU?, Ben Dyson at Edinburgh Just Banking 2012


www.positivemoney.org.uk What does the current banking system mean for housing, debt, inequality, jobs, businesses and taxes? Ben Dyson, founder of Positive Money, speaking at Just Banking Conference on 20th April in Edinburgh. HOUSING (1:43) In 1952 it has cost you 5 years and 3 months on average of your income to pay off the mortgage with interest. Now it is going to take you about 11 years and 8 months. This is one of the reasons why you now need two income earners to run a family, whereas back in 50's you only needed one. You are going to be working for another 10 to 15 years. Population grew by 8% over last 20 years Housing stock grew by 16% (number of houses grew faster than number of people!) Mortgage lending grew by almost 600% over this period! This is not a supply & demand issue, it's an issue of banks being able to create money and pump it into housing. DEBT (7:42) If banks create 97% of all money that we use, we, as the public, have to borrow the entire money supply from the banking sector and we have to be repaying all those loans and paying the interest on top. When banks don't lend, there would be no money in economy. We're dependent on bank lending to create the money supply. ...It's not a law of nature, it can be redesigned... But in the current system, there are two rules: 1. if we want more money in the economy, we have to have more debt. 2. if we want less debt in economy, then we will have less money. What we need is less debt & more money. But this <b>...</b>


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James Rickards on the IMF becoming a Central Bank and the Fed becoming a Hedge Fund


To watch more visit us @ www.youtube.com Watch the full episode @ www.youtube.com twitter.com twitter.com More rounds of ammunition were fired off in the global currency wars today, as six of the world's central banks including the Federal Reserve, Bank of England, and the European Central Bank coordinate to get cheap dollars to starving European banks. Meanwhile, across the pacific, China is cutting its reserve requirements by 50 basis points for the first time in nearly 3 years, a sign that the world's second largest economy and biggest exporter is now reversing its policy of trying to curb inflation and loan growth. We are joined by James G. Rickards, author of Currency Wars to discuss these issues, as well as the growth in gold buying and gold repatriation by foreign central banks, the world over. We also speak to Jim Rickards about the role he thinks the IMF and its global SDR will play in the years to come, and if the latest bailout 600 billion euro Italian bailout rumor may be just the opportunity for the IMF to step up as a player in the global currency war.


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Word of the Day: Federal Open Market Committee (FOMC)


The branch of the Federal Reserve Board that determines the direction of monetary policy, using three major tools including raising or lowering the discount rate, adjusting reserve requirements, and engaging in open market operations. The FOMC holds eight regularly scheduled meetings per year. The Federal Open Market Committee was formed by the Banking Act of 1933 (codified at 12 USC 263), and did not include voting rights for the Board of Governors. The Banking Act of 1935 revised these protocols to include the Board of Governors and to closely resemble the present-day FOMC, and was amended in 1942 to give the current structure of twelve voting members[3]: the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Board presidents. The Federal Reserve Board of New York president always sits on the Committee, and the other presidents serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of banks, one bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. All of the Reserve Bank presidents, even those who are not currently voting members of the FOMC, attend Committee meetings, participate in discussions, and contribute to the Committee's assessment of the economy and policy options. The Committee meets eight times a year, approximately once every six weeks.


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Econ Crisis 4 - Shadow Banks


VOICE NARRATOR: Things are easier to understand when we connect it all in the same picture. These symbols can be used to cover many stories about wild nature and human societies. But for the economic crisis we only need some of them, if we expand these with a few shades and flags. So we are keeping some of the top colors, and adding variations. Here are the originals, and here is what we will use now. Don't bother memorizing. It will be flexible. For example, basic red is for all of finance too, and people for households. We saw before that mortgage loans pumped up the business cycle of the whole country. Red arrows are always for money. I also used a "group" pattern, to show the shadow banks and the housing market. There were two bubbles at the same time, one in house prices and one in derivatives values. The pinwheels spun from a mutual attraction of loans and debts. Let's start with two of the pin heads, you and me. You want to buy the property. So you will pay me money and you will receive the deed. First you have to get the money: you borrow the money from a mortgage company, called an "originator", and buy the property. Now I have the money and you need other income to pay the mortgage. You usually pay it to a service company. These companies are intermediaries, a part of the financial system. You exit the housing market. This stands for the millions of people who are in the process of buying and selling properties. There are lots of people getting in and getting <b>...</b>


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Problem with Money System (part 1 of 5)


www.positivemoney.org.uk In this part: 3 key questions: 1. Who creates money? (03:31 min) ...proofs from Bank of England (05:11 min) 2. How much money do they create? (09:31 min) 3. What do they do with the money they create? (in the part 4 - bit.ly


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Federal Income Tax Requirements


Collection of video clips from Aaron Russo's movie 'America: Freedom to Fascism' with former IRS agents explaining that there is no law requiring most Americans to pay a federal income tax. It is simply a fraud by corporate government on the American people as a way for the owners of the privately-owned Federal Reserve to make more money. "Based on research...by the Congressional Research Service, there is no provisions which...require...an individual to pay an income tax." Wages and salaries are NOT taxable, but annual gain from business or corporate activity IS taxable by law. "In 2005 the illegal tax on your labor collected $927.2 billion.The legal corporate income tax collected $278.3 billion." louisianarepublic.org http


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Jim Rogers - on the hit to Gold, Currency wars, Global de-risking & Recession


22 Sep 2011 CNBC Look at the sea of red for the commodities. All of it is due to the US dollar moving inversely against the metals. All of it is due to the actions of the Federal Reserve and the other countries acting for their own benefit. These are pure macro trends at work. Background: Gold, Silver and Copper are all hit very hard by the sell-off. Is the world currency war causing a global market meltdown? David everything is being killed right now. Brazil is igniting a trade-war with tariffs on Asia. China is trying to get the Europeans to let them open up trade, the Europeans are saying no. China is saying we won't bail you out. So there are trade and currency tensions building. It's not a good world [Amazing]. [How important will the trade war become?] I hope it doesn't break out. Throughout history trade wars create depression. Look at the 1930s. It eventually led to war. Brazil suddenly hit China and Korea with 30% tariff increases. It is not fun. [Except for the US dollar....is it a short-term buy?] {He sounds exhausted} I own the dollar. It's going up against major currencies, against everything. There are various reasons for that. One is that everybody is panicked. The US dollar is not a safe haven if you ask me but I do own it. [What would you do right now?] US dollar, Swiss Franc or Agriculture. [On Copper and China] The Chinese are trying to cool their economy off. They raised interest rates 6 times, they raised reserve requirements 3 times. That is <b>...</b>


Currency wars Global de risking & Recession

Why Do Banks Make So Much Money?


www.positivemoney.org.uk Banks make so much money because they can create money, effectively out of nothing, by lending. Every single pound in your bank account was created by a bank, not by your government. Visit www.PositiveMoney.org.uk, find out more and SUPPORT THE CAMPAIGN. ...and spread the word!


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Basel III, Reserve Requirments, Second wave of the financial crisis


Here are some hot topic items I have been researching about and understanding what it all entailed with them. I'm putting two and two together and getting a better understanding of what is likely to happen to make the floor drop out once again.


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Bank Capital Requirements—A Conversation with the Experts


On November 18, 2011, the Federal Reserve Bank of Cleveland invited three academic experts on bank capital requirements to talk with Bank economists and officials about their research. During a break in the presentations, Executive Vice President and Chief Policy Officer Mark Sniderman sat down for this interview with the experts.


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Professor Murray Sabrin admits Ron Paul MEDIA BLACKOUT by the Federal Reserve


END THIS TYRANNY!!! Ron Paul is the only one who will end all the illegal wars, get us out of slavery to the Federal Reserve system and government. In most states, you must be registered as a republican well in advance of the primary or caucus. In some states you can be unaffiliated. Find out the requirements for your state. Obama and Bush both sold us all out, blacks/whites/liberals/conservatives...This is our last shot. Don't wait for someone else to do it. Take a stand & make a difference. Or grab your ankles. www.youtube.com BlueRepublicans-How To Register Republican for Ron Paul - Learn How To Get Registered In Your State. Now Click the Link Below www.bluerepublican.org Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, sound money, Pro-Life, and a Pro-American foreign policy. Please Like, Comment, Subscribe, and Add to Friends. For more information visit the following websites: www.RonPaul.com http www.RonPaul2012.com http www.RonPaulNews.com http www.DailyPaul.com http www.RonPaulFlix.com http FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law.


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Steve Baker MP - on Money Creation & Money Reform


www.positivemoney.org.uk Steve Baker, Conservative MP for Wycombe and Co-founder of The Cobden Centre speaks about the money creation and presents his views on various reform proposals "It's like a tower of Babel out there on this subject... What's great about Positive Money is that they've picked a practical proposal that can be taken forward and they're singlemindedly pushing it. And it's an idea capable of appealing to left and right, to greens, to libertarians. It is an idea that transcends party politics...it's practical... It can cut through that power of Babel. There are various reform proposals out there: 1. Privatize the Bank of England. 2. 100% backed money - to bring money under constitutional control "I think that this is the right first step. That idea can obtain support from Monetarists, from Keynesians, from Austrian theorists..." 3. Free banking and currency competition, denationalisation of money "If you'd talk to George Selgin you would find that he advocates fractional reserve free banking absolutely vehemently, he sets out to put an ideal monetary system. But absolutely uninterested in a transition plan. He is a brilliant theorist, but we have a problem now and we need a transition plan!" Presenting at Positive Money Conference in London, Oct 2011.


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Fix the Money System & the Economy: Ben Dyson


www.positivemoney.org.uk We can't trust profit-seeking bankers and we can't trust vote-seeking politicians. What we need to do - and this is critically important - is to separate the decision over how much money needs to be put into economy and what that money would be used for. "When you go to a mechanic to have a look at your car, he'll tell you how much oil you need to put into the car, but he's not gonna tell you where you can drive." This is an extract from a longer talk. You can watch the whole 37 min version here www.youtube.com


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Scams And Bailouts The Cause of World Depression


omf.gd ←← You won't want to miss this high impact, edge-of-your-seat exposé of the men behind the wizard's curtain that pulled the strings on the global financial crisis and what you can do about it. =================================== [June 29, 2011] PODCAST CONTENTS ★ Payrolls dropped in 27 US states in May, while the jobless rate rose in 13. ★ Even a fifth consecutive year of record global corn harvests will fail to meet demand for food, fuel and livestock feed, reducing world stockpiles to the lowest in two generations. ★ The Chinese central bank increased banks' reserve requirements to drain cash from the economy after consumer prices rose 5.5% in May, the biggest gain since 2008.


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ECB 3of3 Monetary Policy Instruments


Next part: www.youtube.com The primary objective of the ECBs monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term. The operational framework of the Eurosystem consists of the following set of instruments: * open market operations, * standing facilities, * minimum reserve requirements for credit institutions. * Open market operations. Open market operations play an important role in steering interest rates, managing the liquidity situation in the market and signalling the monetary policy stance. www.ecb.int * Standing facilities. Standing facilities aim to provide and absorb overnight liquidity, signal the general monetary policy stance and bound overnight market interest rates. Two standing facilities, which are administered in a decentralised manner by the NCBs, are available to eligible counterparties on their own initiative. www.ecb.int * Minimum reserve requirements. The intent of the minimum reserve system is to pursue the aims of stabilising money market interest rates, creating (or enlarging) a structural liquidity shortage and possibly contributing to the control of monetary expansion. www.ecb.int


ECB European Central Bank Monetary policy instruments overnight lending bidrates

Banks versus the American Dream LEARN THE TRUTH


Here is one solution to the current monetary monstrosity. Like Lincoln's "Green backs", Britons "Talley Sticks" or Roman bronze coinage, provide just enough money (without interest) to facilitate commerce for the benefit of the populace. At the Federal Level, Congress should control and issue the debt free money-Not the Federal Reserve which is a privately owned bank. Just enough money will be injected into the system through normal budget process. Existing money will be replace one for one with the new debt free money, and start paying off the national debt. To prevent inflation, Reserve requirements are gradually raised at the commercial banks eventually requiring them to have 100% reserves. The commercial banks can then only lend the amount they have in reserve and must compete in the open market for additional money, thus making banks competitive once again. On the State level, a state bank is charted, much like the very successful 90yr old Bank of North Dakota. The state deposits it funds into the new bank and uses fractional reserve lending to their advantage, making loans for roads, bridges etc. at NO INTEREST. When loans are repaid the money is removed from the system this way you create wealth without creating a permanent increase in the money supply and the consequent inflation. While I wish all these are my unique ideas in fact you can find most all of it on videos done by Bill Still such as "The Money Masters" and "The Secret off Oz". There is a movement to <b>...</b>


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Problem with Money System (part 2 of 5)


www.positivemoney.org.uk In this part: How much money do banks create, incentives of banks: Interview with Paul Moore, former Head of Group Regulatory Risk at HBOS (01:12 min) Isn't the bank lending process automated? (Paul Moore) (08:48)


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John Butler on the Dollar Liability and Gold's role as the Insurance


Follow us @ twitter.com twitter.com Welcome to Capital Account. China and Japan are scheduled to start trading in their own currencies Friday. The Japanese Finance Minister came out with this news. This allows traders to trade in Yuan and Yen without first converting them into Dollars. So, we'll talk about what this means for the us dollar: the global reserve currency. Are we headed towars a world where no single currency reigns supreme -- an end to what French President Charles De Gualle famously recognized as America's "exorbitant privilege?" And more trouble in Europe as Spain's borrowing costs over Germany's rise to the highest level since the start of the Euro according to the Financial Times. The rescue of Bankia is reportedly what has investors wary, with concern about the terms of the 19 billion Euro bailout. This is jus one in a string of events we've seen over the last several months that you might think would have investors running to safe havens like gold. So why has gold been on a downward trajectory since last August then -- almost one year? Is it not a safe haven after all? John Butler, author and veteran of global finance, is here to tell us why that's not the case. And is the US government with its debt addiction, debt ceiling debate and fiscal cliff threats setting a bad example that others are following? Well, the National Football League is reportedly raising the debt ceiling for each of its teams. We'll tell you what we think in today's episode of <b>...</b>


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Central Bank Bubble-Blowers and the Rehypothecation Inflation-Nation!!


Follow us @ twitter.com twitter.com Federal Reserve Chairman Ben Bernanke was on Capitol Hill today delivering his report card, talking economic forecasts and headwinds while defending the Fed's "accommodative monetary policy." Speaking of report cards, we look at how even the failing marks of central bankers and other economic decision makers get glossed over by the mainstream media and ultimately forgotten by the public. Top on our list, of course, is CNBC which is basically a PR machine for the big banks on wall street, let's not forget. Is it this PR machine what has allowed even former Fed Chairman Alan Greenspan to emerge from the financial crisis relatively unscathed after he largely contributed to it with his reckless interest rate policies and serial bubble blowing that earned him the nickname Alan "Bubbles" Greenspan? We interview Danny Schechter, the news dissector (also author and filmmaker), to get his take on this. He bumped into Alan Greenspan recently, and wrote an article on the Rand Man and his legacy as deregulator in chief. Meanwhile, Greek credit default swaps will not pay out...again! What's going on here? Last time we had a major credit event, it led to the collapse and then zombification of AIG as a conduit for bailing out the likes of Goldman Sachs, JP Morgan, Deutsche Bank, etc. Are the issuers on the hook this time around, and this is just the ISDA working on behalf of them against the speculator hedge funds and other people with net short <b>...</b>


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Michael Meacher MP - on Money Creation (part 1 of 3)


www.positivemoney.org.uk Michael Meacher MP, the Labour MP for Oldham West & Royton, is answering 6 questions 1. What is the state of affairs in the national economy? 2. What are the causes and how far are the banks responsible? 3. How did the politicians let this happen? 4. How did the banks respond to the changes made? 5. So why have the politicians done so little about it? 6. What can be done? In this part: 1. What is the state of affairs in the national economy? Manufacturing is being hollowed out. There is soaring corporate pay which is not justified because there is no concurrent improvement in productivity or innovation. Research and development is lower than in 1981, we have a financial crash, which "started in the City of London just as much as it started in Wall Street", and it may get worse. 2. What are the causes and how far are the banks responsible? The banks are a primary cause -- through the proliferation of financial derivatives and securitisation. Through all these techniques they have evaded public control and used it to promote their own interest, not the national interest. They have been generators of unsustainable asset bubbles, and have seized control of the money supply. They have used their generation of the money supply in order to promote a property boom, and foreign speculation, whilst allocating a mere 8% to productive investment. This means that 11/12ths does not go into productive investment. "I'm not anti-bank, but they have enormous power <b>...</b>


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Problem with Money System (part 3 of 5)


www.positivemoney.org.uk In this part: Paul Moore (HBOS whistleblower) continues about bank lending, sales culture, automated processes. Do the guys at the top of the banks understand that bank lending creates new money? Do they consider the impact they have on economy? Paul Moore (04:34) How much money have banks created? (08:23)


Ben Dyson banking money debt crisis financial debts banks reform system monetary fractional reserve full requirements loans credit interest positive recession finances economics government cuts creation as economy bank of England central crunch debt-free debt-based IOU currency defaults repossession national

Fix the Money System (part 3 of 3)


www.positivemoney.org.uk In this part: The concerns about the reform proposal: 1. What about the Credit? (00:54 min) 2. We might lose the taxes from banks... the real contribution of banks, and who is really paying the taxes (03:57 min) 3. Wouldn't the banks just leave? (07:03 min) Draft legislation of the reform proposal (Bank of England Act) 3 steps: 1. Make banks ask your permission before lending your money (09:27 min) 2. Make them tell us how they'll use our money (11:01 min) 3. ...more here: www.positivemoney.org.uk Benefits of reform (11:29 min): - no more bailouts - no more subsidies - less poverty - more jobs - falling debt - less inequality


Ben Dyson banking money debt crisis financial debts banks reform system monetary fractional reserve full requirements loans credit interest positive recession finances economics government cuts creation as economy bank of England central crunch debt-free debt-based IOU currency defaults repossession national

Michael Meacher MP - on Money Creation (part 2 of 3)


www.positivemoney.org.uk Michael Meacher MP, the Labour MP for Oldham West & Royton, is answering 6 questions In this part: 4. How did the banks respond to the changes made? Banks are now in a very privileged position. They can create money, decide who gets it, how it is allocated and for what purpose. And their risks are underwritten by the state. They have engaged in greater risk and recklessness because they know they are going to be completely safe. 5. So why have the politicians done so little about it? The dominant ideology of our times, he stated, is deregulation of finance, market fundamentalism, privatisation, inequality and control of labour.


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After we Crash JP Morgan, Then What? Beinki's Solution


Is History repeating itself. Symbolism from The Wizard of Oz and my Solution for our economic woes. Please comment and add your thoughts. Beinki's Solution: Like Lincoln's "Green backs", Britons "Talley Sticks" or Roman bronze coinage, provide just enough money (without interest) to facilitate commerce for the benefit of the populace. At the Federal Level, Congress should control and issue the debt free money-Not the Federal Reserve which is a privately owned bank. Just enough money will be injected into the system through normal budget process. Existing money will be replace one for one with the new debt free money, and start paying off the national debt. To prevent inflation, Reserve requirements are gradually raised at the commercial banks eventually requiring them to have 100% reserves. The commercial banks can then only lend the amount they have in reserve and must compete in the open market for additional money, thus making banks competitive once again. On the State level, a state bank is charted, much like the very successful 90yr old Bank of North Dakota. The state deposits it funds into the new bank and uses fractional reserve lending to their advantage, making loans for roads, bridges etc. at NO INTEREST. When loans are repaid the money is removed from the system this way you create wealth without creating a permanent increase in the money supply and the consequent inflation. While I wish all these are my unique ideas in fact you can find most all of it on <b>...</b>


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Problem with Money System (part 4 of 5)


www.positivemoney.org.uk In this part: Regulations: Basel capital requirements, Financial Services Authority, Liquidity requirements, Reserve ratios (00:07 min) Growth of Money supply chart (00:50 min) 3. key question: What do banks do with the money they create? (01:27 min) The Fairytale of Banking (01:52 min) What percentage of bank lending goes to productive business and what to speculation? (02:56 min) House prices rise (03:59 min) Why the bias against lending to business? (06:58 min) CONSEQUENCES of this money system (09:11 min) - we are paying interest on every pound in the economy - if banks don't lend, there will be no money in the economy (09:50 min)


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CME Group raises margin call requirements for gold up 22.2%


uk.news.yahoo.com I KNEW IT, I'm starting to think like these crooks that's how I'm able to keep ahead of them the best way I can.


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Understanding The Dollar: Purpose of Money, Value, Effects of Rising Prices on Income (1953)


thefilmarchive.org The United States dollar (sign: $; code: USD; also abbreviated US$) is the official currency of the United States of America. It is divided into 100 smaller units called cents. The US dollar is the currency most used in international transactions and is one of the world's reserve currencies. Several countries use it as their official currency, in many others it is the de facto currency, and it is also used as the sole currency in some British Overseas Territories (Bermuda, British Virgin Islands and Turks and Caicos). Money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can serve as money. Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". The money supply of a country consists of currency (banknotes and coins) and bank deposits or 'bank money' (the balance held in checking accounts and <b>...</b>


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ICN 03/21/10 - Health Care and Tax Enforcement, Federal Reserve, National ID Card


ICN Informed Citizen News broadcast Sunday March 21th, 2010. The news you should have heard, but didn't. This week's stories... #1 12 States to File Lawsuits to 'Protect Americans' from Health Care Bill www.associatedcontent.com www.usatoday.com www.washingtonpost.com www.cnsnews.com #2 Wikileaks web site publishes classified US Army threat report on...Wikileaks www.wired.com army/?tm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+wired/index+(Wired:+Index+3+(Top+Stories+2))&utm_content=Google+Feedfetcher www.wikileaks.org #3 Idaho Bill Permits State Taxes Be Paid With Silver http www.salon.com #4 States may hold on to income-tax refunds for months to avoid running out of cash www.usatoday.com #5 The US Dept of Education intends to purchase 27 Remington shotguns www.fbo.gov #6 Bernanke Wants To Eliminate Reserve Requirements Completely www.businessinsider.com #7 Lehman Brothers Scandal Rocks the Fed silverbearcafe.com online.wsj.com www.nytimes.com www.brasschecktv.com #8 Senators push National Biometric ID card www.wired.com news.cnet.com


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Where Does the Bailout Money Come From?


PBS Newshour 3/17/2009 VCB How is the government coming up with the hundreds of billions of dollars promised for the economic stimulus and financial industry bailouts? In this report, NewsHour economics correspondent Paul Solman explains how the Federal Reserve and the Department of the Treasury fill different functions in the economic system and how they affect federal policy. While the Treasury deals with collecting taxes and borrowing money in order to pay for government services, the Federal Reserve acts as a central bank that can actually create money when it is needed.


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Getty Images spotlight on Pelle Martin


To win a custom bike designed and built by Pelle Martin, tweet which project Pelle worked on with Gin Lane Media. Be sure to include '#DigitalSpotlights' in your tweet. Competition closes December 19, 2011 at noon GMT. Full T&Cs below. Terms and conditions 1. This competition is open to all over the age of 18 years or the legal age of majority in the jurisdiction of residence, and is void where prohibited by law. 2. To enter - Answer the competition question on Twitter using the hashtag #DigitalSpotlights. The competition question will be asked by the @GettyImagesWant Twitter account. 3. The Promoter will not be liable for applications not received, incomplete, delayed or damaged. Last date for receipt of entries is December 19, 2011 at noon GMT. 4. All entries received by noon GMT December 19, 2011 will be entered into the competition and the winning entry chosen at random will win the prize. 5. The prize cannot be transferred, exchanged. There is no cash alternative. No bulk or third party entries accepted. 6. The prize winner will also be announced on the @GettyImages Twitter account at 5pm GMT on December 19, 2011. In the event that the winner does not claim their prize (by Direct Message on Twitter, as instructed) by 5pm GMT on December 20, 2011, the Getty Images team reserve the right to select an alternative winner. 6. The Promoter reserves the right to substitute the prize for a prize of equal or greater value in the event of unavailability due to circumstances <b>...</b>


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US Banks Face New Stress Tests


www.FT.com Tom Braithwaite, the FT's US banking editor, talks with Alphaville's Cardiff Garcia about how a new round of banking stress tests announced by the Federal Reserve will impact the banking industry. Braithwaite says the test requirements could prove challenging for some "too big to fail" banks, such as the Bank of America, Morgan Stanley and Citibank. For more video content from the FT's US banking editor, Tom Braithwaite, visit the Financial Times video section at: www.ft.com


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the federal reserve bank owns you, know who they are


taken from the website of the new york federal bank, there is much more there is you care to look at their nice propaganda. this is some of what they do, as written by their marketers: Execute monetary policy The Federal Open Market Committee (FOMC) sets monetary policy to help promote national economic goals. The New York Fed's president is the only regional Bank president with a permanent vote and is traditionally selected as its vice chairman. Other presidents serve one-year terms on a rotating basis. The Federal Reserve uses three main tools to implement monetary policy: open market operations, the discount window and reserve requirements. The most important and dynamic tool is open market operations. Through open market operations, the New York Fed buys and sells US Treasury securities, trading with accredited primary dealers. When the Fed buys Treasury securities from primary dealers, it adds extra reserves to the banking system and puts downward pressure on the highly sensitive federal funds rate. When the Fed sells Treasury securities, it drains reserves and puts upward pressure on the federal funds rate. The New York Fed is located at the heart of the nation's financial industry and is the only regional Bank to carry out these crucial operations on behalf of the System. The Fed's other main policy tools are the discount window, which extends credit to banks in certain circumstances, and reserve requirements, which dictate how much banks must hold in reserve <b>...</b>


the federal reserve bank owns you know who they are

CLOSED!! 5 Year You Tube Anniversary Contest Drawing!


I am celebrating my 5-year You Tube anniversary! I am giving away autographed magazines and a $50 gift card/certificate to the craft store of your choice. RULES: 1. Void where prohibited. If it is illegal to join in contests and games where you live, then please do not enter. 2. Be 18 years old or older. You can have a parent message me for permission if you are under 18. 3. Subscribe to my channel. 4. like this video and comment with the appropriate phrase. ( watch the video) Prizes: A $50 gift certificate or card will be granted to a person who makes a video or slide show, posts it as a video response hon this video, and who meets the rule requirements. All submissions will be added to a drawing and winner will be chosen at random. Magazines 3 names will be drawn from the contestant who meet requirements. First place winner: Autographed Crochet Patterns Magazine Nov/Dec 1990 issue, plus their choice of either the Jan/Feb 1991 issue, or the March/ April 1990 issue of the same magazine. Second Place winner: Autographed Crochet Patterns Magazine Nov/Dec 1990 issue, plus the magazine not chosen by the first place winner. Third Place Winner will only receive an autographed Crochet Patterns Magazine Nov/Dec 1990 issue. All winners must contact me with their address and other info needed within 10 days of drawing. Contest ends on May 17, 2012. Drawing will be held on May 18. Stayed tuned to this channel for that video! Legal stuff: This drawing is held by me, Elizabeth Ham and <b>...</b>


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