DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Let's talk about the fractitional reserve banking system

**AricGoffgog** · 01-05-2012, 01:19 PM

You misunderstood my intent. When borrowed money is paid off, the loan amortizes- dies. A mort-(death)-gage is a loan with death programmed into it. Ther interest being pais is above the principal being returned. The payment of principal kills the borrowed amount on the note... but the interest survives the transaction. That is what I meant by "immortal". It is not snuffed by repayment, but continues as an increased money supply.

I see what you were getting at. I thought you meant it as being 'immortal' to the money supply itself. It is not an increase in the overall money supply, just so we have understanding. It is an amazing thing to contemplate that we use debt as money in this crazy world. Debt is the complete opposite of money to my understanding.

As far as this system of world wide slavery is concerned, I like to let the perpetrators lay it all bare in their own words.

"Banking was conceived in iniquity and was born in sin.
The Bankers own the earth. Take it away from them,
but leave them the power to create deposits,
and with the flick of the pen they will
create enough deposits to buy it back again.
However, take it away from them, and
all the great fortunes like mine
will disappear and they ought to disappear, for
this would be a happier and better world to live in.
But, if you wish to remain the slaves of Bankers
and pay the cost of your own slavery,
let them continue to create deposits." Sir Josiah Stamp
(1880-1941) President of the Bank of England in the 1920's, the second richest man in BritainSpeaking at the Commencement Address of the University of Texas in 1927

01-05-2012, 01:19 PM	#27
AricGoffgog Join Date Nov 2005 Posts 445 Senior Member	You misunderstood my intent. When borrowed money is paid off, the loan amortizes- dies. A mort-(death)-gage is a loan with death programmed into it. Ther interest being pais is above the principal being returned. The payment of principal kills the borrowed amount on the note... but the interest survives the transaction. That is what I meant by "immortal". It is not snuffed by repayment, but continues as an increased money supply. I see what you were getting at. I thought you meant it as being 'immortal' to the money supply itself. It is not an increase in the overall money supply, just so we have understanding. It is an amazing thing to contemplate that we use debt as money in this crazy world. Debt is the complete opposite of money to my understanding. As far as this system of world wide slavery is concerned, I like to let the perpetrators lay it all bare in their own words. "Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits." Sir Josiah Stamp (1880-1941) President of the Bank of England in the 1920's, the second richest man in BritainSpeaking at the Commencement Address of the University of Texas in 1927
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