"Money", "Fiat Money" as Debt!

Fiat Money as Debt!

“Money is a new form of slavery, and distinguishable from the old by the fact that it is impersonal, there is no human relation between master and slave.”
~ Leo Tolstoy

“None are more enslaved than those who falsely believe they are free.”
~ Goethe

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
~ Woodrow Wilson, President of the United States 1913-1921

“Whoever controls the volume of money in our country is absolute master of all industry and commerce... and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
~ James A. Garfield, assassinated President of the United States

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”
~ Abraham Lincoln, assassinated President of the United States

Episode 1 : The Origin of Bank


Episode 2 : Making Loans


Episode 3 : Fiat Money as Debt


Episode 4 : The so-called Monetary System


Episode 5 : Bank credit to creat enough money? Monetary System is Debt System! "Usury once in control wil wreck any nation" & " The world is now more sophisticated & prepared to march towards a world-governemnt. To serve the money or be served by the money?
"Money is a new form of slavery and distinguishable from the old simply by the fact that it is impersonal. There is no human relation between master and slave." By Leo Tolstoy



See also at:
http://wongtc.blogspot.com/2008/11/blog-post.html

China Growth Will Help World Economy. Is Chinese Economy the messiah to rescue the global financial meltdown ?

Speaking to the leaders from the Group of 20 nations in Washington, Chinese President HU said China can help lessen the impact of the global financial crisis and slowing growth by stimulating our Chinese economy.

Hu said, "steady and relatively fast growth in China is in itself an important contribution to international financial stability and world economic growth. China has taken an active part in the international cooperation to deal with the financial crisis." Hu also urged countries not to raise trade barriers to protect their economies also in view of the fact that China is the second-biggest exporting nation in the world.

"The international community should prevent all kinds of trade and investment protectionism and promote the Doha round of trade talks to achieve positive progress," HU said. He also urged industrialized nations to play their part in tackling the global financial crisis, which triggered an equity shrink that's halved the market value of worldwide stocks to about US$30 trillion so far this year.

Last week China announced a RMB 4,000 billion economic stimulus, focused on building low-rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit from more subsidies.

China accounted for 27 % of global economic growth last year under purchasing power parity calculations(more than others) according to the IMF. Purchasing power parity (PPP) accounts for differences in the exchange rates of national currencies.

China's stimulus plan came as growth is slowing down. GDP grew by 9% in the third quarter from a year earlier that is the least in five years.

From the beginning of the 30-year economic reform onwards, China recorded an astonishing 12.3% GDP growth rate in 1978. Only about a growth rate of 5% was recorded in the years of 1981, 1989 and 1990. China maintained about 8% to 11% of economic growth for the rest of the majority years and even as high as 16.2% which was achieved in 1984.

Also written in Chinese at http://wongtc.blogspot.com/2008/11/4.html