Kelvyn Alp- Monetary reform a must

Banking is a glorified ponzi scheme. Every dollar in existence is created on the back of debt. If someone was to ask how much New Zealand is in debt, the answer is simple. It is 100% in debt plus interest. Every loan made creates and instant and irredeemable deficit in the economy. When you take out a mortgage for say $500,000.00 you sign a mortgage agreement or “promise to pay” that then sees the bank credit that debt amount to your account. However the “interest” component is never created at the time of the loan, or at any time in the future, so in effect the total amount to be paid is mathematically impossible to service due to an instant scarcity of funds.
Of course you get some bright sparks that say you can trade your way out of debt (that may work in the short term), but yet again, that too is impossible to service as the majority of the world’s monetary systems operate in the exact same way. So if you borrow money to buy cows and then you breed them to sell to repay your loan plus the interest, someone else is going to have to borrow the money (at interest) you require in order to see you settle your account i.e. debt increased yet again. That is why there are so many wars, as each nation tries to forcibly open up new markets overseas and tries to control the natural resources of those nations to service their home based debts.

The banks risk nothing and they certainly do not loan out depositor’s funds. There are two commonsense reasons why that is not the case 1. Because you do not see the balance of your account rise or fall depending on the bank loans made or as they are repaid, and 2. Even the depositors funds are actually a debt as the funds in the account originally would have had to be borrowed into existence. It’s pretty simple when you know how to count.

Insurance too is a type of casino operation – money paid in premiums versus possible claims made against it. The insurance companies always win, unless they get silly and start to dabble in “investments” that have no hope of continual growth and therefore their under writings are doomed to failure.

Derivatives are a destructive menace also. If you look at the US “Official debt level it is said to be 14 Trillion, yet the derivatives have approximately 700 Trillion that needs to be deleveraged (and will be the final bubble to burst). Make no mistake about it, the world financial system has collapsed and there will be no recovery from it. The whole quantitative easing fiasco is a scam, because only a fool would believe that you can address a debt problem with more loans and increased debt.

Unless you reclaim control of the nation coin, credit and currency, you will be forever at the mercy of the International Banking Mafia and their debt-peddling puppets in parliament that disguise themselves as “honourable” politicians. They are nothing more than cheap political whores that have sold us all out! Monetary Reform is by far the most important issue that needs to be addressed. The IMF and other “creditors” know it’s a scam, yet profit by the control of the nation’s debt. That is when they enforce certain “Economic Reforms” and drive the privatisation agenda so we give up our nation’s real wealth for their imaginary debt.

I see many people actually believe they know what the hell they are talking about, when in reality, they are simply regurgitating the same ill-conceived ideology that has lead to this disaster. The problem is actually simple to fix, but I suppose the simplicity of the solution repeals the minds of those that have been educated just enough to be completely stupid!