Tag Archives: banks
Conspiracy fact: Actual proof that banks create money out of nothing (Part 1)
Here at LRM, I have written a great deal about the fact that banks create money out of nothing, ex nihilo, out of thin air. This assertion was made after extensive research into the money-creation process, and I found that … Continue reading
99 Homes Review: Letting the banks off the hook? (SPOILERS)
If you have not yet seen the powerful new film 99 Homes and want to be surprised how it all turns out at the end, you might want to stop reading this now, because I am about to spoil the … Continue reading
BANK ADMITS: MONEY IS FAKE, FICTIONAL, NOT REAL
An anniversary repost, originally appearing March 31, 2014 at my other blog, The Air Standard: The very essence of what this blog is all about has been spelled out and confirmed in an article by the Bank of England: “Commercial … Continue reading
WHY WE ARE WAGE SLAVES: THE CIRCULAR LOGIC EXPLAINED
Extremely eye-opening discussion with economist L. Randall Wray about, among other things, how money is ultimately valuable only as payment for taxes, which is how labor is compelled and the government controls the populace. If you want to check it … Continue reading
DEBT JUBILEE: THE AFTERMATH
Let’s say that tomorrow, out of the blue, there was a complete debt jubilee. Meaning, if you went to bed tonight with $100K in student loans and $3K left until your car is paid off, and a mortgage you’re 20 … Continue reading
DOES MONEY EXIST?
To answer the question in the headline–money exists as much as anything else that is completely made up out of nothing… Indeed, check out the above video from Time Magazine’s website. What Time’s Justin Fox tells us at approximately 1:47 … Continue reading
WHO OWNS WHAT: BANKS AND THE NEW FEUDALISM
In a new Salon article, David Dayen eloquently sums up root cause of the new feudalism, which is being helped along by the federal government and federal courts: “Many focus on how the failure to prosecute financial crimes, by Attorney … Continue reading
THE SOLUTION: SINCE THE MONEY ISN’T REAL, THE DEBT ISN’T EITHER
Very interesting commentary from David Graeber (Occupy movement leader and author of “Debt: The First 5,000 Years“) on the Bank of England’s recent admission that money is created out of thin air. Graeber sounds as excited as me in describing … Continue reading