I’ve only recently begun to understand banking, or rather the concept of Fractional Reserve Banking.
If I put say, ten pounds into a bank, I assume that I have assets of ten pounds. But this is not the case. The Bank now has assets of ten pounds. On the strength of my ten pounds the bank is now able to lend, not just my money, but invisible money that it invents that is backed by my money. It can lend maybe a hundred pounds on the strength of having my ten pounds in their vault. They can then collect interest on a hundred pounds and pay me, if I’m lucky, interest on my ten pounds as thanks.
Get it? If I tried to do that I’d be arrested for fraud.
This proves that money is not real and is only a concept. When Fractional Reserve Banking is working and everyone believes it is for real, it is fantastic. This is how roads and hospitals get built.
When it goes wrong and bankers get too creative and start selling stuff that has absolutely no fractional reserve wealth, like subprime mortgages, then everything goes wrong.
That’s when we, through our Government, knowing that we can’t allow the banks to fail, get stuck with the bill to bail them out. Then we have to find the money that should have been in the banks vaults all along as their reserve, but somehow wasn’t.
Are you with me still? Banking is all smoke and mirrors. It is designed to confuse you. As long as everything seems to be okay and the guys who are on hefty commissions tell you that it’s a great deal, it all seems fine.
So now the Government has to find cash to pay the bankers for the mess they got into. “A ha!” they say. “Let’s sell off a bit of land! The Forest of Dean doesn’t do much. We can get rid of that!”
So who do you think will buy the Forest of Dean? Why, the Bankers of course! They are the only ones with any money – because we’ve just given them every last penny we had to make sure they don’t crash!
So, for the privilege of saving the bankers skins we now have to give up our birthright, so the banks can rape the Forest of Dean of its assets, history and culture and make even more money, in the process using the forest as a fractional reserve to lend against.
At the moment I’m writing a series about ancient Olympia. When I visited the site of the ancient Olympic Games eighteen months ago, I became aware of just how proud the Greeks are of their heritage and culture. We package ours up into visitor centres and ask you not to touch or go too close to the objects. We sell our history. The Greeks live with it.
But what really amazed me was how the ancient town of Olympia based it’s whole economy on sport. Sport was the raison d’être of the town and surrounding area. Every four years, everyone would agree to stop wars and go home for four months, to allow athletes to travel to Olympia in peace!
You can choose to base your economy on whatever you like. Sea shells worked just fine before gold, which worked just fine before subprime mortgages. You can also choose to decide that something as precious as the Forest of Dean is not a basic asset to be sold. It is part of our heritage, a haven for wildlife and biodiversity.
Government is not there to support the banking system. It ultimately has a higher role, to serve and protect the country and it’s people. By selling the country off to the banks, piece by piece without a fight, I would suggest that Government is close to treason.
If the Government needs cash for their banker friends, I suggest they sell off the the banks, as we already own them by having already bought them out. If banks are such a good thing, I’m sure they can dream up some more imaginary money to buy back what they’ve already bedazzled out of us.
Meantime, hands off the Forest of Dean!