Sjeltur

The Dutch government, a coalition of three political parties, tries to come up with plans to curb the economic crisis. So far they haven’t been very succesful.
They should have finished last week already, but apparently the talks are harder than expected, and they continue these talks today.

Perhaps, if we’re really lucky, they fail completely and it will cause a crisis between the three parties involved, making new elections necessary.



Whatever they come up with, it will only focus on the symptoms of the economic crisis, nothing will be done about the fundamental causes. No abolishment of fractional banking and related systems, and no return to sound money, money that is actually worth something.

The practice of fractional banking makes financial systems unstable. Perhaps you never heard about it, but this practice makes it possible for bankers to “create” money out of thin air. Suppose you have some money and you put $100 in a savings account. The bank then puts away, say, 10% (or $10) of the money in their vault and writes down that you have $100 in your account. The bank now has $90 they can use for their business and offers the money to a customer as a loan. The customer takes out the $90, spends it, and after a while the person who received the money goes to the bank and also wants to put the money in a savings account. The bank does the same thing again, it puts away 10% (or $9) and offers the remaining $81 to the next customer as a loan. And so on.

In the end the bank has $1000 in saving accounts, on paper, but there is only $100 actually in the vault. Now you come back and withdraw the original $100. Then the second customer that has a savings account wants his or her money… Oops, the bank now has a BIG problem!

The second fundamental problem is that our governments don’t want us to have real money. The money we use is not backed by anything of value and has an intrinsic value of zero. It’s only worth something in our daily lives because our governments and central banks say so… These governments and central banks really don’t want to change this, it gives them power to manipulate the flow of money, in whatever way they see fit.

The people, you and me, are left with money with no real value, independent from government or central bank. We get to play with Monopoly money, like small children. It’s time we stand up and demand to be treated like adults, with this comes real money that cannot be manipulated by government or central bank. Real problems demand real solutions, but don’t expect it from the government. They don’t want people to have real money, because real money gives people real freedom, independent from government. And the government doesn’t want to give up its power, so it tries to keep the population dumb. Unfortunatly, the mainstream press is a big ally of the government in this, so the general public remains unaware of all this. A large majority of the population believes that the pieces of paper in their wallet really represents something of value and they can use it to store their wealth. They are sadly mistaken.