[Anyone for NP PR?]

Thank-you for the link Myata, very interesting. I am so far behind the times....this is a wonderful place to get caught up!

[Would the Libs and NDP really join?]

Where do you think they need to move further to the left?

I don't believe the NDP have a prayer of ever getting into power until they throw off their idiotic class warfare rhetoric and mentality. Hating the rich and middle class isn't going to get you into power in a country where the middle class makes up the vast majority of voters.

As long as the NDP sees the poor and minorities as its principal constituency it will only get a small percentage of votes.

IMO because to try and take care of the public with borrowed fractionated, monster interest attached money get us no where. It is not so much the need to care for the people that is the NDP's problem. If it wasn't borrowed money no one would care(or tax dollars). Give me a party that is willing to fight monetary policy....please. Or at least remove enough of the money creating from the banks to allow enough to run social/health and educational costs of the country without incurring interest or fractional debt. I am not a Social Credit person, I do not see many of the long term benefits that the Michaeljournal's speak off and the dividend is not solid as it is based on GDP (which they want to lessen for environmental reasons). However, I do see the glaring problems with our current system, no political party with a much needed valid alternative approach.

Yes, instead of fighting hard working people, they should be creating monetary policies for the countries operational needs with solid cancellation policies separate from the banks. This would be a legit fight, but, give me a party that doesn't try and snowball the public with silly senseless distracting issues like middle class taxation instead of giving us the real fight to fight. Shame on all of them!

[How money is created]

More than 90 percent of the current money supply is brought into being as interest bearing debt. Sure they (the banks) say that as those monies are repaid the debt is canceled and the money supply is reduced by the same amount. What they do not say is how those funds are applied into the system itself. The fractional reserve system uses newly created leveraged dollars to generate interest income which is both paid for and paid out as real dollars, or if you prefer hard currency defined as coinage within the financial industry.

The disconnect that exists is found within the central banking system. That system does not in fact lend out money at all, and the "overnight rate" supposedly set by these institutions is not imposed upon the banks in this country at all. In other words the Bank of Canada doesn't really set rates, and it doesn't really loan out money, so this begs the question of "what function does it serve?"

The central banks of the world serve as the political wing of the financial world, nothing more. The are a rubber stamp and little else. But to return to the original point, money is created by financial institutions as a means of generating interest bearing income from its customers. That is how fiat currencies operate. Over the course of time we have replaced the concept of the dollar having a defined value backed by some means of tangible assets to the fiat currency we now have. Money has no value and is back by no security method in any nation. Henceforth the problem of "PIGS" now found in Europe. Where assets are devalued through the course of currently accepted financial calculations, the "value" of currencies is adversely impacted when interest is applied. It is a house of cards that is finally collapsing. The only way for the system to sustain itself is through leveraged growth that provides the means of eliminating the created increase of money supply. Where growth is slowed the money supply is also decreased and that forces devaluation of assets. It is a system designed to transfer wealth from governments to private interests, and it has been exposed.

If countries want to resolve the issues to any extent at all, they will have to rethink the central banking system as a whole.

Wow, yes I agree with you. Just the other day I found some interesting articles on a website called mondaq.com, of particular interest is one named Global Settlements written by a UK firm Peters and Peters which covers the realities of dealing with this global banking and stock fraud and the various different juristictions and laws from country to country, not easy at all to negotiate with so many factions wanting their own version of justice. Quite enlightening.

PIGS?

[How money is created]

Interested paid in gets paid back out as interest on savings and profits for the banks. The equation is balanced.

Hi, this system does not show a balance except perhaps in theory? I do not see it myself, even in theory. I am inclined to see the glaring faults like Jerry J. Fortin and this message from Allen which I thank you for re-posting. For instance the 170 million dollar a day interest bill we Canadians pay with our tax money. I am saddened to think maybe I do understand.

How about taxes, could they if far removed from interest payments and fractional banking be considered effective cancellation policies? First time mortgages could be effective, putting too much money to count into the economy but allowing for cancellation through repayment without interest if government issued versus bank issued. Perhaps a Canadian mortgage center for first time buyers.

Dollar for dollar, what is a reasonable ratio of cancellation. Would 100% of all dollars created need to be cancelled or is there a comfortable margin of expansion not from fractional banking and interest but from savings and foreign investment/movement.

[How money is created]

There is debt associated with all paper money because without debt, paper money does not have value. Money without debt can exist in the form of coins valued by instrinsic metal content.

When a bank lends out money in the “present debt-driven system”, more than just “numbers on a computer” is involved. Non-central banks do not simply create money out of thin air because some real asset is required as collateral. Money is created against the collateral, as a debt claim on some real asset. Non-central banks do not create M0 money (coins and central bank notes) but they do create M1, M2, and M3 money.

The “present debt-driven system” does not require any particular “physical material used to represent cash money”. The different money system using different banking laws would require some specific “physical material" for at least some coins. Do you know of any money system presently in use that requires some specific “physical material” for at least some coins?

Could you rephrase "present debt-driven system" with "cancellation policy". Does debt provide the cancellation vehicle? Thus perhaps the value is in the cancellation not the debt?

[How money is created]

Your right.

I don't know what you mean by removed by circulation, the money isn't removed out of circulation.

Hi, thanks for answering me...

I was under the impression that as dollars are collected at the bank for loan re-payment they are in effect canceled. Since all dollars are released/collected solely from banks fractionated and with interest. 100 dollars goes out, 1200 dollars comes back with interest, only 100 was actually created. A bank borrows (sort of) the right to lend an amount of money, it then disburses multiple times this amount of money out in loans at interest. As each dollar comes back, it is levied against the banks original lending total thus achieving the needed cancellation which perhaps in itself is not an issue until the fractional scenario and interest are applied?

How important is it to have proper cancellation policies regarding the creation and circulation of dollars? Perhaps to avoid the scenario of wheelbarrows full of money to simply buy a loaf of bread? I know this is complicated, I appreciate the opportunity to ask these questions.

[Should Parliament elect a Cabinet?]

A little adjustment, definitely a giggle....Demockrashy

[How money is created]

Hi, I have a question...I am trying to understand the effect of fractional banking when the interest is applied on every fraction. Ie: the bank can multiply the collateral backed money created for loans to a multiple of 10-12 I believe (somewhere in there anyway) and charge interest on every level too. So does this mean for every say 100 dollars created they get 12 times the interest plus 12 100 dollars, all removed from circulation? Do I understand this even reasonably? Didn't Mulroney remove the need for banks to have any collateral backed money other than debt? If this is true, our problems regarding all funding, taxes and the like will never be resolved. I welcome all explanations with great appreciation.