What's The Problem?

What’s The Problem?
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In the UK and some other countries the following applies
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When money is created by the state, it is added to government revenue and reduces the amount of taxes that businesses and families need to pay.
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However, most money now is no longer created by the state.
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Instead, thanks to the rules governing banking, it is created by commercial, profit-seeking banks every time they issue a loan or mortgage.
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Rather than going to reduce the taxes that we have to pay, it is used to generate huge profits for the banking sector.
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This effectively provides a subsidy to the banking sector of up to £200billion each year
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A subsidy that costs each of us over £4,000 every year.
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It also makes the economy hugely unstable.
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Each time a bank makes a loan, it actually creates new money to fund new loans.
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The more the banks lend, the more money they have available to lend
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But as soon as they stop lending, the economy is starved of new money and quickly goes from growth to contraction
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Causing unnecessary hardship to millions of people .
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This process – the creation of money by commercial banks
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Was the real root of the financial crisis, and if we allow banks to continue creating the nation’s money, then we will soon be facing a crisis even more severe than the last.
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What’s The Solution?
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We propose that the solution to the current financial crisis is to:
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Prevent banks from creating the nation’s money supply, through a few small changes to the rules governing bank accounts
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Restore the right to create the nation’s money to a public agency of the state
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The Bank of England under the direction of the Monetary Policy Committee
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Use the newly created money to reduce taxes
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Fund better public services and reduce the national debt.
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These simple changes will withdraw the hidden subsidy that the banking sector has enjoyed for the last few hundred years.
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The banking sector will then need to generate profits by playing a significant role in the creation of wealth
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Rather than simply extracting wealth from the rest of the economy by charging interest on 97.5% of the money in existence.
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The benefits to the wider economy, businesses and families of the UK far outweigh the costs to the banking sector.
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Call4reform
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To learn more go to:

http://www.bankofenglandact.co.uk/

This exact situation might not be an issue in your country

However for sure you have a problem one way or another

Wherever you have bankers you have hidden costs

Banks like all big business make sure that the local rules are in their favour

For example who controls your economy?

And where did your dictator, ruler, government get their money from?

Money to buy your votes

Money to force you to do what they want you to do

Money to build or create anything

You get the idea now look at your own environment and think

How does it really work?

Who controls who and what?

What can I do?

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