www.positivemoney.org.uk – Have you ever wondered why there’s so much debt? Or why the experts and authorities seem completely unable to solve the current debt crisis? Well the reason they can’t solve it is because they’re trying to fix and repair the existing banking system. But the existing banking system is completely flawed. It’s the existing system that has buried all of us under a massive mountain of debt. In the next 3 minutes I’ll show you how the design of the banking system guarantees that the vast majority of people will end up in debt, and why allowing the banks to go back to business as usual would be the worst thing for the economy and for society as a whole. But first, where do you think all this debt came from? Many people would assume that a bank needs to get money from a saver before it can make a loan to a borrower – after all, isn’t that what banks do? Taking money from people who want to save it, and lending it to businesses and people who need to borrow? Well, Not exactly. Here’s a fact that not many people know. A bank doesn’t actually need to have any real money before it can make a loan to someone. When you take out a mortgage from the bank, the bank doesn’t take that money from somebody’s grandma’s life savings. No. Instead, they simply open up a computer, and type some numbers into your account. You get a huge wad of money in your account, and you also get a huge wad of debt that you’ll be repaying over the next 25 years. But the money that you …
Posts Tagged ‘ Solution ’
The US now has just a month to agree on raising the 14.3 trillion dollar debt ceiling, which the country has already blown through. The Treasury reaffirmed the August 2 deadline today as the drop-dead date before the US defaults on its debt. Still, politicians are playing chicken with the debt ceiling, which is making investors like the Chinese nervous. While some say trying to cut a deal with the debt ceiling is a scare tactic, others argue the US wouldn’t “really” default, leaving a huge question mark about what could happen. Les Leopold, economist and author, is joining RT’s Lauren Lyster to discuss the issue. Follow Lauren on Twitter: twitter.com
Jul
Free email updates: www.RonPaul.com Please like, share, subscribe & comment! www.RonPaul.com 07 — Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-America foreign policy. For more information visit the following websites: www.RonPaul.com http www.RonPaulNews.com http www.DailyPaul.com http
REIVEW – student loan blueprint – How I found the solution to my defaulted student loan. top Collection Calls on Your Defaulted Student Loans LEARN EVERYTHING ABOUT FEDERAL STUDENT LOAN DEFAULT and student loan collections. Learn the dirty little student loan collectors tricks. Get My Confessions of Rogue Student Loan Collector www.freestudentloanstuff.com Visit My Blog www.StudentLoanFundamentals.com Mr. Kay Production Manager Rogue Student Loan Collector Why should you listen to me? * I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans. * My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you. Why am I releasing this information? *I have seen what student loan troubles can do to a person. Family get torn apart, newly graduates cannot find a job or go back to school, kids are not able to go to school because of the parents defaulted student loan, and the list goes on…. I want you to learn how to “fight back” against those who are making your life difficult — and holding you back. With the …
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The most important piece of legislation in America today, with nearly 100 cosponsors in the house, HR676 is the only health care bill that will truly reform our tragically broken health care system. This is the bill that your insurance company doesn’t want you to know about. This is the bill that presidential candidates (except Kucinich) are afraid to talk about, presumably because they like to keep getting campaign contributions from the insurance industry. What would you think about a health care system that actually works for everybody, costs billions of dollars less, provides greater coverage, truly protects you from financial ruin due to medical bills, improves quality, increases innovation, and returns medical decisions to you and your doctor instead of some claims adjuster at an insurance company 1000 miles away. 31 cents of every health care dollar spent is wasted on administrative expenses and insurer profits in the US system. This is why the US spends double what other industialized nations spend on health care yet has worse outcomes. We need to save that money and spend it on better health care for you, me, and all Americans. Our system is sick and dying, and this is the cure. This footage was take primarily from Congressional testimony given earlier in 2007. To support HR676, contact your congressman. (202) 224-3121 www.house.gov For more information, contact: California Nurses Association www.calnurses.org Physicians for a National Health Program www.pnhp.org …
Aug
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