Author Topic: German Central Bank Admits that Credit is Created Out of Thin Air (Read 1154 times)

gladius_veritatis · « **Reply #1 on:** March 19, 2010, 06:38:24 PM »

Fraud, pure and simple. :farmer:

gladius_veritatis · « **Reply #2 on:** March 19, 2010, 06:39:46 PM »

Matthew,

Please delete one of these two threads. It told me there was a mercury board error, so I posted it again, not seeing it had actually worked the first time. Thank you.

SJB · « **Reply #3 on:** March 21, 2010, 11:22:04 PM »

New money in the form of credit must be "created out of thin air". Money is not necessarily tied to real wealth, although it should be made to conform to the reality, which means it should be made to reflect real wealth (i.e. goods and services and the capacity to produce and deliver these), but there is no implicit connection whatsoever. They want us to believe there is an implict connection, however.

So it is not the fact that new credit is "created out of thin air", it is that new credit is created out of proportion to real wealth, and it is created by banks who claim ownership of that credit, determine what costs may be charged for its creation and administration, and what laws will govern it. At present, we grant banks the right to create our credit for us, claim ownership of it, and charge excessively for their work.

sedetrad · « **Reply #4 on:** March 22, 2010, 06:54:27 AM »

Their is nothing wrong with money created out of this air. A pure fiat currency issued directly by the gov would be fine just as lincolns green backs or King Edward of Englands tally sticks. It wouldn't be based one debt and could be tied to the real productive capacity of the nation. It would also cut out the bankers and usurers out of the equation.