If Serbia wants its economy to become competitive and prosperous within the European Union, there is no alternative to politically painful structural reforms.
From one one parrot to the other in their neo-liberal eco-chamber. But actually there are lot´s of good alternatives, not for War street and the banksters.
Two siple examples: Iceland and Ireland!
Ireland rushed to sign a deal with the mammonite devil and everything plunged into chaos poverty and angst. Iceland demanded the banksters to pay for their gambling, not the people, no bailing out and suddenly everything is back to normal, noone even mention the "€"-word in Reykjavik anymore. They are free, Ireland are not. All those martyres over the years fighting and dying for freedom in vain, just like that....
“Lissovolik qualified as positive the fact that recession was not as deep in Serbia as it was in the region, that foreign banks did not reduce their credit activities”
Most people reading this will imagine that “foreign banks” have lots of money which they are still lending to Serbs.
This is a lie spread by foreign banks and the IMF/World Bank, which exist only to promote and protect privately-owned foreign banks.
Foreign banks do not have much money (some, e.g. J.P. Morgan and Citibank) have no money at all and are technically bankrupt.
But banks don’t need have money in order to lend it out again.
If J.P. Morgan lends the Serbian government $100 million, it doesn’t need to have this money in its safe. All it needs is $10 million in “Reserves” at the Federal Reserve Bank in New York (the Fed is the privately-owned American Central Bank). With $10 million in “Reserves” J.P. Morgan can “invent” another $100 million and lend it at interest to the government of Serbia.
The Federal Reserve also does not have any money. The $10 million “Reserves” it “holds” for J.P. Morgan are just book-keeping entries on their accounting ledgers. This $10 million does not exist in a bank safe; it was just “invented” by the Fed.
If the Serbian government needs another $100 million, then the Fed will “invent” another $10 million in “Reserves” and on the basis of these “Reserves” J.P Morgan will “invest” another $100 million and lend it to Serbia at 8% interest. J.P. Morgan will therefore receive interest on money that not only it doesn’t have, but which never even existed until it was created to lend to Serbia.
I know all this will sound confusing to many readers, but it is meant to be confusing. If the public knew what bankers were doing, then they would all be hanging by their necks from lampposts in New York, London and Frankfurt.
For those of you interested in learning how the financial elite control us by controlling our money, then check out Ellen Brown’s revolutionary book The Web of Debt.
From one one parrot to the other in their neo-liberal eco-chamber. But actually there are lot´s of good alternatives, not for War street and the banksters.
Two siple examples: Iceland and Ireland!
Ireland rushed to sign a deal with the mammonite devil and everything plunged into chaos poverty and angst. Iceland demanded the banksters to pay for their gambling, not the people, no bailing out and suddenly everything is back to normal, noone even mention the "€"-word in Reykjavik anymore. They are free, Ireland are not. All those martyres over the years fighting and dying for freedom in vain, just like that....
“Lissovolik qualified as positive the fact that recession was not as deep in Serbia as it was in the region, that foreign banks did not reduce their credit activities”
Most people reading this will imagine that “foreign banks” have lots of money which they are still lending to Serbs.
This is a lie spread by foreign banks and the IMF/World Bank, which exist only to promote and protect privately-owned foreign banks.
Foreign banks do not have much money (some, e.g. J.P. Morgan and Citibank) have no money at all and are technically bankrupt.
But banks don’t need have money in order to lend it out again.
If J.P. Morgan lends the Serbian government $100 million, it doesn’t need to have this money in its safe. All it needs is $10 million in “Reserves” at the Federal Reserve Bank in New York (the Fed is the privately-owned American Central Bank). With $10 million in “Reserves” J.P. Morgan can “invent” another $100 million and lend it at interest to the government of Serbia.
The Federal Reserve also does not have any money. The $10 million “Reserves” it “holds” for J.P. Morgan are just book-keeping entries on their accounting ledgers. This $10 million does not exist in a bank safe; it was just “invented” by the Fed.
If the Serbian government needs another $100 million, then the Fed will “invent” another $10 million in “Reserves” and on the basis of these “Reserves” J.P Morgan will “invest” another $100 million and lend it to Serbia at 8% interest. J.P. Morgan will therefore receive interest on money that not only it doesn’t have, but which never even existed until it was created to lend to Serbia.
I know all this will sound confusing to many readers, but it is meant to be confusing. If the public knew what bankers were doing, then they would all be hanging by their necks from lampposts in New York, London and Frankfurt.
For those of you interested in learning how the financial elite control us by controlling our money, then check out Ellen Brown’s revolutionary book The Web of Debt.
“Lissovolik qualified as positive the fact that recession was not as deep in Serbia as it was in the region, that foreign banks did not reduce their credit activities”
Most people reading this will imagine that “foreign banks” have lots of money which they are still lending to Serbs.
This is a lie spread by foreign banks and the IMF/World Bank, which exist only to promote and protect privately-owned foreign banks.
Foreign banks do not have much money (some, e.g. J.P. Morgan and Citibank) have no money at all and are technically bankrupt.
But banks don’t need have money in order to lend it out again.
If J.P. Morgan lends the Serbian government $100 million, it doesn’t need to have this money in its safe. All it needs is $10 million in “Reserves” at the Federal Reserve Bank in New York (the Fed is the privately-owned American Central Bank). With $10 million in “Reserves” J.P. Morgan can “invent” another $100 million and lend it at interest to the government of Serbia.
The Federal Reserve also does not have any money. The $10 million “Reserves” it “holds” for J.P. Morgan are just book-keeping entries on their accounting ledgers. This $10 million does not exist in a bank safe; it was just “invented” by the Fed.
If the Serbian government needs another $100 million, then the Fed will “invent” another $10 million in “Reserves” and on the basis of these “Reserves” J.P Morgan will “invest” another $100 million and lend it to Serbia at 8% interest. J.P. Morgan will therefore receive interest on money that not only it doesn’t have, but which never even existed until it was created to lend to Serbia.
I know all this will sound confusing to many readers, but it is meant to be confusing. If the public knew what bankers were doing, then they would all be hanging by their necks from lampposts in New York, London and Frankfurt.
For those of you interested in learning how the financial elite control us by controlling our money, then check out Ellen Brown’s revolutionary book The Web of Debt.
From one one parrot to the other in their neo-liberal eco-chamber. But actually there are lot´s of good alternatives, not for War street and the banksters.
Two siple examples: Iceland and Ireland!
Ireland rushed to sign a deal with the mammonite devil and everything plunged into chaos poverty and angst. Iceland demanded the banksters to pay for their gambling, not the people, no bailing out and suddenly everything is back to normal, noone even mention the "€"-word in Reykjavik anymore. They are free, Ireland are not. All those martyres over the years fighting and dying for freedom in vain, just like that....
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