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originally posted by: mbkennel
originally posted by: bobs_uruncle
a reply to: arjunanda
Not just a good idea, but the BEST thing! Spending money into existence to produce value is a helluva lot better than borrowing money into existence with interest.
This doesn't change anything. Spending money doesn't create money into existence.
The proposal from the Iceland central bank is to have a maximum quota on allowable quantity of loans outstanding by the banks, i.e. the actual money supply. Currently central banks can attempt to push and influence, by changing the price of money and reward structure for private banks, but not force a hard limit.
This proposal only limits money in the negative direction, i.e. limiting money creation in an excess boom.
originally posted by: grumpy64
a reply to: arjunanda
Sounds like a really good idea. Are we finally going to see the beginning of the end of big banks ruling the world? Got to be better than the American system where banks lend out $1.50 for every $1 they hold in deposits. Get rid of central banks too.
a reply to: OOOOOO
TextYea, we are in big trouble, if we do not figure out a way to level the playing field, the Rothschilds and their cronies, do rule control the entire world. They control everything, the News, Countries, they own Ruethers, Associated Press they dictate what news we get.
The only thing that I can see that will save the planet is the A-I, as when the Singularity finally arrives, it will not allow these scum, to carry on with their lies and falseness. As it has been said, the Truth will set you free.
The only other thing I can say, is hold fast to your beliefs, as there are powers on Earth, that are far more powerful, than these demon worshiping scum.
Not to go all Bible freak on yous, but I believe in the fulfillment of The Christ's Prophesy, of peace on Earth for a 1000 years, you see within this 1000 years we will perfect the Earth.
Well as I see it 000000, These people who hold sway over us because of The Vast Amounts of Money they have stashed aren't going to let go of their power so easy.. These are the people who are quite happy to finance both sides in A WWWIII Situation and let us annihilate each other and retake control with us in their debt for sponsoring both sides in a war and putting us all into a Modern Feudal Arrangement.
Just as I sees it , Good Reply and A Star Arjunanda.