Pirates Of The Caribbean? How About Robbers From The West.

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“The West (America & Europe) produces very little of the commodities that they need and consume, but have managed to more than compensate for this by having both a printing press (to print trillions of paper dollars on demand) and a futures market with which they can set the price of the commodities that they want, in the currencies that they print.

“On the other hand the producing countries, which actually own the resources, are forced to sell their commodities to the West at the prices – and on the terms – dictated by the futures markets. In other words, since the inception of futures markets in the West, the poor producing countries have been forced to sell their scarce and valuable commodities in exchange for the West’s freshly printed paper… Read more at : http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=257914&sn=Detail

Just in time for the Holiday season!

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Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans.

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Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
Robert B. Anderson, Treasury Secretary under Eisenhower, said it in 1959:
When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposits; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.

Read more at http://ellenbrown.com/2014/10/26/why-do-banks-want-our-deposits-hint-its-not-to-make-loans/

Gifts just in time for the holidays here!