SARB Director writes:

Januarie 18, 2012 in Sonder kategorie

Finally, Stephen Goodson, director of the South African Reserve Bank, continues to attempt to wake people up with regard to the monetary system. He also heads up the “Abolish Usury Party.” (FYI,
usury is the act of charging interest on moneylending.) See his article below.

        SOME years ago I explored the possibility of writing a PhD thesis on monetary reform, and was informed that I would have to find a promoter. However, as about 80% of the proposed work involved examining the history of monetary systems, I encountered an insurmountable difficulty,
as economic history as a subject ceased to be taught in most universities around the world about 20
years ago. This appears to have been a deliberate policy in order to conceal awareness of the prosperous debt and interest free societies of both recent and ancient civilizations.

        At university one was told that economics is a social science. In today’s harsh capitalist environment, for example in countries such as Greece and Ireland, there is little of it that can be
considered social, and as for it being a science, one could say that it is about as scientific as alchemy once was.

        Having encountered a number of the high priests of such august institutions as the BIS and IMF over the years, I can attest that economics is a religion, and a very orthodox one at that. Woe
betide anyone in academia, business, the media or politics who tries to dispute
the mantra of fractional reserve banking. (Those who have publicly expressed
their disbelief about similar “religions” such as the alleged global warming of the planet will understand
the feeling.)

        A few years ago while attending a seminar at a prestigious business school, a professor of 30 years standing informed the assembled directors of a variety of South African banks,
that banks make their profits from the difference in the lower interest that they pay depositors and the higher interest that they receive from borrowers.

        It was politely pointed out that these same deposits are lent on and leveraged up to 90% of the bank’s capital and reserves. The astonishing reply he gave was: “Gosh, I never thought of it that way.”

         –Stephen Goodson

Blikskottel..knows many ugly truths about the banking system

15 antwoorde op SARB Director writes:

  1. Spill the beans, Blikskottel.

  2. TS het gesê op Januarie 18, 2012

    …sug…

  3. Neander het gesê op Januarie 18, 2012

    Banke gebruik oor eeue die depositos om weer uit te leen, waar moet hulle fondse kry?
    Die Landbank het kapitaal van die regering gekry om te begin en toe steel hulle dit terug.

  4. Dis op sy beste ‘n halwe waarheid. Hulle skep geld deur krediet te verleen. Ek het dit op skrif van die registrateur van banke, dat hulle so werk. Hulle verkoop eintlik die IOU’s en word dus dubbeld betaal as hulle sogenaamde krediet verleen.

  5. Glo my HKGK.

  6. Sug help nie, vra eerder jou bank die regte vrae en as hulle nie antwoord nie, dwing hulle deur die ombudsman, hellopeter of as dit moet die howe. Hou dop, dinge is aan’t gebeur oral oor die aardbol en ook in RSA.

  7. Jy moet pasop. Die mense hou nie daarvan as mense in hul slaai begin krap nie.

  8. Hulle slaai se gat. As hulle ons slaai steel het ons reg om terug te baklei en daar is wette wat verseker kan help.

  9. TS het gesê op Januarie 18, 2012

    Nee jong ek steek my volstruiskoppie nie in daai een nie.

  10. “we charge interest on money that we create out of nothing”

  11. Ja en nog erger: Hulle verkoop die promissory notes waarop ons handtekening is teen vet winste en ons weet dit nie eers nie en kry geen wins daaruit nie. Ons handtekening is wat die warde aan daai dokumente gee en hulle steel dus iets wat aan ons behoort.

  12. Hoe kan hulle enige iets doen aan jou as jy net ‘n vraag vra? Sou hulle probeer is daar streng wette om jou te beskerm.

  13. ek weet ek word ingedoen, maar is magteloos omdat ek nie die regte vrae ken nie

  14. Besoek: http://thinkfreesa.com en lees alles mooi deur.

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