World Bank to "soon" decide on loan for Serbia

Danilo

Many people are like you; they feel safe and comfortable sitting at the feet of their powerful masters. It is my aim to force you onto your feet and to fight for your freedom.

Credit is created out of nothing. There is no store of credit from which the private banksters withdraw it before lending it to you. Credit is created when it is requested (ie when you use you credit card or take out a mortgage to buy a house). The creation of credit is potentially inflationary. It doesn't matter if it is a private bank or a state bank that creates the credit, it is still created out of thin air. The difference between the two, however, is that private banks charge interest for creating credit and that interest goes into the banksters pockets. State banks do not have to charge interest, but if they do charge interest the profits from the loan would go to the government which could use this money to pay for public services.

My proposals are essentially the same as we have today except that profits from credit creation go to the people and not the banksters.

Michael Thomas,

The reason they are able to create credit out of thin air, is because they are swapping this manufactured credit for items of value.

Mortgage is secured by the solid asset of the house. The former Yugoslavia has already been down that road once, and it resulted in hyper-inflation, Zimbabwe is doing it now, and has an inflation rate of some 260,000%..

You should do some research not believe in conspiracy stories that you see on the Beeb, next you will be going on about chem trails, and the missing Tesla patents..

Making loans, or more precisely, giving Credit is how the western bankster elite makes its living.

Money and Credit can both be used to buy things, so it is natural that people believe they are the same thing. But there is an important difference. "Money" is created by national governments - it is the coins and notes that circulate in an economy. If I lend someone my "Money" they can spend it, but I cannot. "Money" has moved from my wallet to theirs.

"Credit" is different. When the World Bank or IMF or ECB or private banks lend "credit" they do not take it from a credit wallet and transfer it to the borrower. "Credit" is created when someone borrows it from a lender. The World Bank has no "Money" but it does have the power to create "Credit." It can create as much "credit" as it wants, when it wants and at zero cost.

The people and countries that borrow foreign currency "Credit" can't create it themselves and can only repay this "credit" and interest on it buy producing real goods and selling them around the world. If countries can't sell enough to pay back this credit then they must surrender their national assets to the banksters. This is what is happening in Greece and Cyprus today.

The Serbia government can create its own Dinar credit for free and use it to pay for most of its needs, it doesn't need the World Bank but could learn from it.

Michael Thomas! Surprised to see you in here!!

Danilo

I want Serbia to be free of the shackles of debt slavery. You should study Money & Credit and join me.

I saw a BBC report about health care in Greece. People are left to die because their corrupt govt has enslaved that proud nation to international banksters. The whole world is the target of this criminal banking elite, and includes you and your family.

Before you can defeat your enemy you must first understand him. Once you understand that private banks create credit out of nothing, you may ask why a state-owned bank couldn't do the same and use this credit to employ the unemployed and rebuild the nation.

I've already answered that, Micheal, but you keep reverting to your original positions, impervious to any kind of counter-argumentation, so it's kind of pointless to engage you.

ha ha, ya right Micheal. I'm just another one of the sheeple, right?

Your idea of using quantitative easing to create some space for infrastructure production isn't completely out to lunch. There's a grain of truth to it. However, you seem to think that it can be done limitlessly. People more knowledgeable than I am have debunked you better than I would be able to. Plus, what point would there be? You'd just come back with some more regurgitated crap from Zeitgeist or some other series of youtube videos that are in fashion for the moment.

Making loans, or more precisely, giving Credit is how the western bankster elite makes its living.

Money and Credit can both be used to buy things, so it is natural that people believe they are the same thing. But there is an important difference. "Money" is created by national governments - it is the coins and notes that circulate in an economy. If I lend someone my "Money" they can spend it, but I cannot. "Money" has moved from my wallet to theirs.

"Credit" is different. When the World Bank or IMF or ECB or private banks lend "credit" they do not take it from a credit wallet and transfer it to the borrower. "Credit" is created when someone borrows it from a lender. The World Bank has no "Money" but it does have the power to create "Credit." It can create as much "credit" as it wants, when it wants and at zero cost.

The people and countries that borrow foreign currency "Credit" can't create it themselves and can only repay this "credit" and interest on it buy producing real goods and selling them around the world. If countries can't sell enough to pay back this credit then they must surrender their national assets to the banksters. This is what is happening in Greece and Cyprus today.

The Serbia government can create its own Dinar credit for free and use it to pay for most of its needs, it doesn't need the World Bank but could learn from it.

Michael Thomas! Surprised to see you in here!!

Michael Thomas,

The reason they are able to create credit out of thin air, is because they are swapping this manufactured credit for items of value.

Mortgage is secured by the solid asset of the house. The former Yugoslavia has already been down that road once, and it resulted in hyper-inflation, Zimbabwe is doing it now, and has an inflation rate of some 260,000%..

You should do some research not believe in conspiracy stories that you see on the Beeb, next you will be going on about chem trails, and the missing Tesla patents..

ha ha, ya right Micheal. I'm just another one of the sheeple, right?

Your idea of using quantitative easing to create some space for infrastructure production isn't completely out to lunch. There's a grain of truth to it. However, you seem to think that it can be done limitlessly. People more knowledgeable than I am have debunked you better than I would be able to. Plus, what point would there be? You'd just come back with some more regurgitated crap from Zeitgeist or some other series of youtube videos that are in fashion for the moment.

Danilo

I want Serbia to be free of the shackles of debt slavery. You should study Money & Credit and join me.

I saw a BBC report about health care in Greece. People are left to die because their corrupt govt has enslaved that proud nation to international banksters. The whole world is the target of this criminal banking elite, and includes you and your family.

Before you can defeat your enemy you must first understand him. Once you understand that private banks create credit out of nothing, you may ask why a state-owned bank couldn't do the same and use this credit to employ the unemployed and rebuild the nation.

I've already answered that, Micheal, but you keep reverting to your original positions, impervious to any kind of counter-argumentation, so it's kind of pointless to engage you.

Danilo

Many people are like you; they feel safe and comfortable sitting at the feet of their powerful masters. It is my aim to force you onto your feet and to fight for your freedom.

Credit is created out of nothing. There is no store of credit from which the private banksters withdraw it before lending it to you. Credit is created when it is requested (ie when you use you credit card or take out a mortgage to buy a house). The creation of credit is potentially inflationary. It doesn't matter if it is a private bank or a state bank that creates the credit, it is still created out of thin air. The difference between the two, however, is that private banks charge interest for creating credit and that interest goes into the banksters pockets. State banks do not have to charge interest, but if they do charge interest the profits from the loan would go to the government which could use this money to pay for public services.

My proposals are essentially the same as we have today except that profits from credit creation go to the people and not the banksters.