Finance Is A House Of Cards, And There's A Wind Blowing.

       More on that impending financial collapse, that flies in the face of the Cameron/Osborne, “you've never had it so good lie”, "the recession is over", "we are on recovery mode". The financial “experts" are telling people to pull their money out of the giant HSBC bank and advising shareholders to sell, as it appears to be going down the plughole. The whole money system is just a house of cards, monopoly money, an illusion, a world wide scam.
A couple of quotes that might help to verify that claim:

  1.        This used to be the way pretty much all of the money in circulation came to be.  That is, until Investment and Retail Banks got tired of this monopoly on debt based currency, and kicked off the commercial money supply.  You might assume that when you take out a loan or other form of credit, a bank gives you that money from its reserves, and you then pay back that loan to the Bank at a given interest rate – the Bank making its profit on the interest rate.  You would be wrong. The Bank simply creates that loan on a computer screen.  Let’s say you are granted a loan for $100,000.  The moment that loan is approved and $100k is entered on the computer – that promise from you to the bank creates $100k for the bank, in that instant.  This ledger entry alone creates the $100k, from nothing. Today, over 97% of all money that exists, is made this way.

And

2.          The world’s second richest man, Warren Buffet warned us in 2003 that the derivatives market was ‘devised by madmen’ and a ‘weapon of mass destruction’ and we have only seen the first blast in this debt apocalypse.The news that should have us all worried is: the derivatives market contains $700trn of these debts yet to implode.
          Global GDP stands at $69.4trn a year. This means that (primarily) Wall Street and the City of London have run up phantom paper debts of more than ten times of the annual earnings of the entire planet.
         Not only can the Bankers not pay it back, the combined earning power of the earth could not pay it back in less than ten years if every last cent of our productive power went solely to pay off this debt.

Both quotes are from an article on jacknowledge:

Visit ann arky's home at www.radicalglasgow.me.uk