CENTRAL BANK MONEY CREATION

I KNOW THAT MOST MEN, INCLUDING THOSE AT EASE WITH PROBLEMS OF THE GREATEST COMPLEXITY, CAN SELDOM ACCEPT EVEN THE SIMPLEST AND MOST OBVIOUS TRUTH IF IT WOULD OBLIGE THEM TO ADMIT THE FALSITY OF CONCLUSIONS WHICH THEY HAVE DELIGHTED IN EXPLAINING TO COLLEAGUES, PROUDLY TAUGHT TO OTHERS, AND WHICH THEY HAVE WOVEN, THREAD BY THREAD, INTO THE FABRIC OF THEIR LIVES

— Leo Tolstoy

 

“To see that which is in front of one’s nose requires a constant struggle”
— George Orwell

“Real education must ultimately be limited to men who insist on knowing, the rest is mere sheep-herding.”
— Ezra Pound

‘It must be remembered that the first job of any conspiracy, whether it be in politics, crime or within a business office, is to convince everyone else that no conspiracy exists. The conspirators’ success will be determined largely by their ability to do this.’
— Gary Allen

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UPDATES –

WAKE UP YOU’RE BEING TAKEN FOR A FOOL – DECONSTRUCTING TERMS
https://thereisnodebt.wordpress.com/2014/10/28/wake-up-youre-being-taken-for-a-fool-deconstructing-terms/

MONEY CREATION DEBATED IN PARLIAMENT
https://thereisnodebt.wordpress.com/2014/11/20/money-creation-debated-in-parliament

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THE BANKERS LIE OF ECONOMY (MONEY CREATION) –

BANK OF ENGLAND MONEY CREATION MECHANISM AS THE LIE OF ECONOMY PRESENTED IN –

* Money creation in the modern economy – Quarterly Bulletin article
(Note. “Banks create money whenever they make a loan…” – Statement starts around 0 minutes : 50 seconds onwards into video)
http://www.youtube.com/watch?feature=player_embedded&v=CvRAqR2pAgw

 

* The significance of this admission cannot be overstated.

It tells you, what the ‘the bankers lie of economy’ is, in ‘plain sight’. Meaning, it tells you ‘right in front of your eyes’, what the lie is, as though the bank were saying, ‘well, if it can be presented innocently as though there is nothing wrong, and if people do find out, well, it was all done in good faith with nothing to hide’.

Is this a strategy of ‘plausible deniability’, that provides for a cover that there could not have been any bad intentions intended by banking, because after all, it is all out there in the open for everyone to see, and the situation of ‘exploitation’ must have been arrived at innocently enough. Is this a type of insurance policy as protection against blame ?

This admission to the bankers lie of economy can be more clearly understood here –

THERE IS NO DEBT ITS JUST YOUR IMAGININGS
https://thereisnodebt.wordpress.com/2013/02/26/there-is-no-debt-its-just-your-imaginings-2/

DEFEATISM – OUR ZOMBIFICATION II
https://thereisnodebt.wordpress.com/2013/07/23/defeatism-our-zombification-ii/

Note. No surprises here, once you understand Mathematically Perfected Economy (MPE) –
Poland Confiscate Bond Holdings from Private Pension Funds – More Deflation
http://armstrongeconomics.com/2014/04/06/poland-confiscate-bond-holdings-from-private-pension-funds-more-deflation/

SOURCED:

QUICK LINK GUIDE FOR RAPID UNDERSTANDING OF LIBERTY
https://thereisnodebt.wordpress.com/2013/12/13/quick-link-guide-for-rapid-understanding-of-liberty/

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ADDITIONAL –

BANKERS ADMISSION

Categorical Proof of Bankers Scheme To Advance Feudalism Through The Lie of Economy –

Banker Admits “We Engineered the Global Financial Crisis” 1
(“We engineered the world financial crisis” 2:09 minutes into video)
http://www.youtube.com/watch?v=J4B5f2ezEB8

Panel on the global economic power shift
Deliberately Devaluing Money…Threatening and Forcing Developing Countries 5:18 min
Engineering The World Financial Crisis 6:19 min
https://www.youtube.com/watch?v=mwttKe-uABU

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GIVING THE ZOMBIES HELL AND EUGENICS

“A slave is one who waits for someone to come and free him.” – Ezra Pound

“Let your food be your medicine and your medicine be your food”
— Hippocrates 460 – 359

“Doctors should first understand the cause of disease, then treat it with diet. Medicine should only be used if diet fails”
— Sun Simiao

“One fourth of what you eat keeps you alive. The other three-fourths keep your doctor alive.”
— author unknown

“And we have made of ourselves living cesspools, and driven doctors to invent names for our diseases.”
— Plato

“If we doctors threw all our medicines into the sea, it would be that much better for our patients and that much worse for the fishes.”
— Oliver Wendell Holmes, M.D.

“At present, intelligent people do not have their children vaccinated, nor does the law now compel them to. The result is not, as the Jennerians prophesied, the extermination of the human race by smallpox; on the contrary more people are now killed by vaccination than by smallpox.”
— George Bernard Shaw (August 9, 1944, the Irish Times )

“If I had a child now, the last thing I would allow is vaccination.”
— Retired Vaccine Researcher

A Rare Addmission –
“Communitarianism is a collectivist philosophy that explicitly rejects individualism. It does not merely relegate individualism to a subordinate position, but is openly hostile to it. It is an ideology of ‘civic society’ which is nothing less than one version of Post-Marxist collectivism which wants privileges for certain wealthy and influential organized groups, and in consequence, a renewed feudalization of society.”
— Vaclav Klaus

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SOURCES

Money creation in the modern economy – Quarterly Bulletin article (Video)
http://www.youtube.com/watch?feature=player_embedded&v=CvRAqR2pAgw

Chain of Links to Reference Sources for Video:

Publications
http://www.bankofengland.co.uk/publications/Pages/default.aspx

Quarterly Bulletin –

14.03.14 Quarterly Bulletin 2014 Q1

12.03.14 Quarterly Bulletin 2014 Q1 pre-release articles

http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/default.aspx

Quarterly Bulletin 2014 Q1

Quarterly Bulletin
2014 Q1 | Volume 54 No. 1
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1.pdf

Quarterly Bulletin 2014 Q1
Money in the modern economy: an introduction
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q101.pdf

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Note. To understand why gold could never ever have intrinsic value (that is, value in and of itself) as money, read,

THERE IS NO DEBT ITS JUST YOUR IMAGININGS
https://thereisnodebt.wordpress.com/2013/02/26/there-is-no-debt-its-just-your-imaginings-2/

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A short video, filmed in the Bank of England’s gold vaults, explains what money is in the modern economy:
Money in the modern economy: an introduction – Quarterly Bulletin article
https://www.youtube.com/watch?feature=player_embedded&v=ziTE32hiWdk

Money creation in the modern economy
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf

* A short video, filmed in the Bank of England’s gold vaults, explains how money is created in the modern economy:
Money creation in the modern economy – Quarterly Bulletin article
https://www.youtube.com/watch?feature=player_embedded&v=CvRAqR2pAgw

The Court of the Bank of England
We read at the pages head –
“The Court is the Bank’s Board of Directors. Its role has changed over the years as the Bank has evolved from a privately owned bank into a public institution, and especially over the past 20 years.”
(Note. Understanding Jurisdiction exposes the bank as still being a privately owned bank)
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q103.pdf

Sourced:
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1.aspx

 

Quarterly Bulletin 2014 Q1 pre-release articles

Money in the modern economy: an introduction (535KB)
By Michael McLeay, Amar Radia and Ryland Thomas
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneyintro.pdf

Money creation in the modern economy (111KB)
By Michael McLeay, Amar Radia and Ryland Thomas
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

Two short videos, filmed in the Bank of England’s gold vaults, explain what money is and how it is created in the modern economy. –

Sourced:
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1prereleasearticlemoney.aspx

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 A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable instrument known as a promissory note, …

http://en.wikipedia.org/wiki/Banknote

To see examples of individuals or persons creating their own promissory notes –

Google Search: Promissory Note Samples

Note. To create an Irredeemable Promissory Note, which is in fact an ‘unsecured promissory note made non-redeemable’, for full payment to be made to a false-creditor making a claim for an artificial debt against you, where the false creditor has not the valuable consideration – as actual items of goods or services, or evidence as documentary proofs of valuable consideration in the form of an invoice or book-keeping entries as accounting, or both – to support his ‘presumed’ claim of delivery of valuable consideration to you, simply title the document –

‘Irredeemable Promissory Note’ or ‘Unsecured Promissory Note (Non-redeemable)’, with all the necessary particulars filled-in, to provide for payment for the false creditors demands.

As a reference source for the concepts and principles involved regarding Irredeemable Promissory Notes and Artificial debts, read –

DEFEATISM – OUR ZOMBIFICATION II
https://thereisnodebt.wordpress.com/2013/07/23/defeatism-our-zombification-ii/

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The allege Loan Contract = A PROMISSORY NOTE for Canadians (…and everybody else worldwide)
http://www.youtube.com/watch?v=7F3dueNVXy8&list=PL5E05B6A04E2BA4C5

Mathematically Perfected Economy ( Interbank Lending )
http://www.youtube.com/watch?v=k7KQiEdkBG0&list=PL5E05B6A04E2BA4C5

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BofE “the act of lending creates deposits — the reverse of the sequence typically described in textbooks.”
(Comment follows below)
http://inquiringminds.cc/bofe-the-act-of-lending-creates-deposits-the-reverse-of-the-sequence-typically-described-in-textbooks
Sourced:
The truth is out: money is just an IOU, and the banks are rolling in it
http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

Comment –
The bankers and those who are their proxies by default, as a consequence of failing to pay attention to the facts, rather than going on to utter and repeat absolute gibberish about IOU’s and other ridiculous senseless nonsense, will forever confuse the issue if we are not alert to the truth. An example of the gibberish referred to, is the article by David Graeber of the Guardian, when he writes of the recent disclosure by the Bank of England of its mechanism of money creation. The article he writes by no means remotely touches on the truth. We need not spend long to discover the answer as to why, except to say we need only compare his musings with the simple explanation presented here –

THERE IS NO DEBT ITS JUST YOUR IMAGININGS
https://thereisnodebt.wordpress.com/2013/02/26/there-is-no-debt-its-just-your-imaginings-2/

Monks recant: Bundesbank opens the door to QE blitz
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026946/monks-recant-bundesbank-opens-the-door-to-qe-blitz/
Comment despatched:
All this sounds like gibberish that amounts to desperately trying to re-inflate the money supply. In other words, Germany is bankrupt –
http://www.youtube.com/view_play_list?p=4F0FC0AC39B3086A

Note. One wonders who committed the greater wrong once you understand so-called bank loans and ‘the bankers lie of economy’ as a result.
Bank of England releases prisoners’ letters from its archive
http://www.telegraph.co.uk/finance/bank-of-england/10741833/Bank-of-England-releases-prisoners-letters-from-its-archive.html

Economists Sell their Souls to the Fed
http://henrymakow.com/2014/04/Economists-Sell-their-Souls-to-the-Fed.html

Leaders of Teaching Hospitals Have Close Ties to Drug Companies, Study Shows
http://www.propublica.org/article/leaders-of-teaching-hospitals-have-close-ties-to-drug-companies-study-shows

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