1) When the Honduran military kidnapped President Zelaya on June 28 they took him to the US base in Palmerolas (Caño Soto), Honduras. There is no US military base in Nicaragua.

2) I’ve never seen anyone advocate a world population growth rate of 3%. More importantly, the world population growth rate is nowhere near that figure, and in fact declined steadily during the 20th century; today it is around 1.14%.

So two things mainly.

Firstly, banks do not create the necessary funds into the money
supply, at the time of creating a fiat debt dollar, to ensure there
are enough fiat dollars to pay for the interest component.

Secondly, paying down a loan un-creates the money.

We now know that more loans need to made by banks to ensure there is
enough money in the system to pay the interest on existing loans.

From: http://en.wikipedia.org/wiki/Money_creation

Almost all nations have central banks, and almost all of the world’s money supply is controlled not by governments, but by private bankers. Fractional-reserve banking creates money whenever a new loan is created. In short, there are two types of money in a fractional-reserve banking system, the two types being legally equivalent [3][4]:

1. central bank money (all money created by the central bank regardless of its form (banknotes, coins, electronic money through loans to private banks))
2. commercial bank money (money created in the banking system through borrowing and lending) – sometimes referred to as checkbook money[5]

“When a commercial bank loan is extended, new commercial bank money is created. As a loan is paid back, the commercial bank money disappears from existence”.

This point is often not factored in to many of these brilliant articles.

How money is uncreated.

Excellent article..

And thanks!!

You have to study the history, origins and the philosophy of socialism.

I know that many people hate “isms”. But socialism is the real deal

Go to: http://www.marxists.org and http://www.socialistaction.org and http://www.marxist.com 3 great websites with introduction articles to SOCIALISM: THE NEXT STAGE IN HUMAN AND POLITICAL DEVELOPMENT IN THE WORLD !!

Paul Grignon provides a very level and eloquent description of the current system. ……Before providing the links.

Did you know?…….When a loan is paid down, the money used does not go into a vault. The act of paying down a loan un-creates, or destroys the money. it is cancelled out against the loan.

This is why more loans need to be made in order to prevent the money supply form shrinking.

Furthermore, when the money is digitally created out of thin air to pay the principal on some hypothetical loan, the money to pay for the interest component of the loan is NOT created.

Many argue quite correctly that this makes the entire banking system a ponzi scheme.

My reference to money ‘destruction can be found in wikipeadia by searching using those key words. It is a top level entry and will be in the first page search results.

Here are the two links to the Paul Grignon banking doco’s

If you see my post Ned, i hope you view it. I love listening to you on 3cr.

I think you might like it.

http://www.youtube.com/watch?v=vVkFb26u9g8&feature=fvst

http://www.youtube.com/watch?v=C09_bjBVF1o

WHAT USA NEEDS IS SOCIALISM !!

NATIONALIZE PIZZA-HUT, NATIONALIZE DUNCAN HINES, NATIONALIZE MCDONALDS, NATIONALIZE WENDYS, NATIONALIZE BURGER KING, NATIONALIZE DUNCAN HINES CAKES UNDER BINGE-EATERS CONTROL !!

http://www.norcalblogs.com/reasons_why/archives/Mcdonalds%20fat%20kids.bmp

Nationalize Mcdonalds, nationalize Wendies, nationalize Pizza Hut, nationalize Mayfield Ice Creams, nationalize Duncan Hines cakes, Pillsbury cakes and Betty Crocker cakes. But we also need to nationalize Golds Gym, and phentermine diet pills in order to burn all those nationalized-foods !!

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They have been working behind the scenes, backing or destroying both sides of any divide for their own purposes and gain, for centuries, from the beginning. Wars mean nothing to them, it is a way to decrease the population, and war more than anything, creates great wealth for these characters full of malevolence and with great knowledge to do evil.

Check out the horrors of WWI were everyone in the whole world was brought to the slaughter, camels, elephants, Samoans, half of India, that’s the sort of stuff they love and it makes them very wealthy.

They can smell the kill (after 9/11), they are fully armed with every weapon imaginable (Nuclear weapons, control of space, magnetic resonance, plagues and vaccines, and of course, the torture instrument of choice for every petty ‘law-enforcer’, the tazor, identity chips, and of course mind control which is scary and very advanced.

So maybe i’m the nut but it’s the world you live in, it pays to ferret out the truth because when they come to enslave us, we will know who they are. That is were the power is, in the knowing. You’ll have to be as cunning as a serpent to keep your life as long as is necessary in the dawning of the New Order.

HUGO CHAVEZ: ON THE PATH TO SOCIALISM

http://www.spill.com/Movie-Reviews/MovieDetails.aspx?Name=Speaking+Freely%2c+Vol.+5%3a++Hugo+Chavez+On+The+Path+To+Socialism&VideoId=433703#

Venezuelan President Hugo Chavez discusses the advantages of socialism over capitalism while highlighting the reasons why authentic democracy is impossible to achieve under the latter in this special installment of the Speaking Freely series. Due to the American’s governments practice of privatization, foreign intervention, and violence, argues Chavez, America cannot become a truly humanistic society. Instead, Chaves proposes that the true voice of power is the voice of the people, and that the healthiest forms of government are the ones in which the citizens play a crucial role in its construction and development.

Fans of controversial leader Chavez are encouraged to seek out this briefing on video, as it will likely never be aired in the United States.

~ Jason Buchanan, All Movie Guide

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If you think that capitalism creates wealth for all, you are the one who is mind controlled by CNN and FOX news.

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So most capitalist free market privatized nations (USA included) have 2 exploiting, oppressor, right-wing classes (upper and middle), and the majority are lower-class.

The problem is that the lower poor class, even though majority in number of citizens, is politically and economically weaker than the 2 oppressor right-wing class (Middle and upper) and thats why the upper and middle class always wins politically.

It really IS a ponzi scheme.

Then came some people who began preaching that we are not OK. They said that they can even denature the nature and make us into a better beings and render the nature richer/cleaner, etc.
They said to us “u’r not OK”. W.o. us, u’r lost: u’d turn into criminals; sin wld reign, because u’r sinful by nature, etc.

With time, clerico-despotic class conviced 99.99% of people that that is true.
We, the 98+% cannot and must not be permitted to govern [manage own business] our country.
We are not able to interpret constitution. We are too dumb, vile, disinterested, etc. to be able to interpret/understand constitution or any law or any governance.
All yooz guys do is drink beer, take drugs, watch inane movies sickcoms, fox or cnn ‘news’.
so, shutta ur face and let us govern u as good shephards that we are and sacrifycing so much in the service of this great country.
tnx

I think the problem is the strong tendency to embrace, ultimately, authoritative top down governing principles rather that distributed, participatory democratic ones.

Participatory democracy, not just the political aspect, but the very principle behind creating any kind of organization or movement, is a major challenge to this culture.

With all the dissidence (DV, very much included), we are caged in a world-view and find it extremely difficult to break free from it.

So, we have followers and leaders. In many cases the followers are barely aware of what’s happening (and I’d wage a guess that they aren’t particularly interested on less their toes are stepped on in some fashion). So the “leaders” take hold of the reigns and make the decisions and charge ahead. In the end we end up with one dynasty replacing another.

This is not an impossible problem, but it must be acknowledge. We can’t simply talk about things like “single-payer” without understanding this fundamental issue. What is the role of the state? Is the State really in the public domain? What does scale do to our ability to implement fundamental change? Can we have real change in a nation built on the American “dream” and the individualistic culture that keeps movements from gaining real traction, and the political and economic plutocrats firmly in charge?

Your experience with this “coop” is typical of the American experience. It is not an “indigenous” one. The species does continue to emerge, cocreating, but any given culture can have, as does the American culture, its deep rooted pathologies.