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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Solving the Debt Problem & Financial Crisis: On Monetary Reform with Ben Dyson

Solving the Debt Problem & Financial Crisis: On Monetary Reform with Ben Dyson


The crisis in banking, housing, debt and unemployment is a single massive and recurring problem that deserves the examination of systemic solutions including monetary reform. After providing an extremely clear and compelling presentation on monetary reform at the 2009 American Monetary Institute Conference, Ben Dyson is interviewed by Local Future founder Aaron Wissner to discuss the causes of the crisis, how banks create money, and how to prevent a recurrence of this crisis in the future, and perhaps to also bring a quicker recovery now. The current monetary system is structured such that most money is created when loans are created. Under the current “fractional reserve” banking system, when a loan is made, 90% or more of the money of bank depositors can be loaned to the borrowers, but at the same time, the depositors consider 100% of that money available, and everyone treats deposit money as if were the same as cash. The money that is loaned out then is paid to someone, and that money is typically again deposited back into the bank, and again around 90% of this deposit money is lent out by the bank. This process continues until the total amount of checking account “money” increases by 3, 5, 10 or even more times. Banks have very little cash even though they have very large amounts of deposits. The deposits are backed almost entirely by the loans that the banks have made, and most of these are mortgages. In the event that the loans go bad, the deposits do not have

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23 Responses to "Solving the Debt Problem & Financial Crisis: On Monetary Reform with Ben Dyson"

  1. Independent0bserver says:
    @ExclusiveLM
    Central bank notes are IOU’s … evidences of debt.
    You cannot pay a debt with another debt.
    We are all unknowingly merely discharging debt’s … not paying them.
    Not that all our debt’s aren’t already pre-paid.
    Unless one believes they must pay for their inheritance that is.

    A person is always a man, but a man not always a person.
    Don’t get caught up in the trifles of usury.
    Dead law, living law, which should I follow?

  2. Independent0bserver says:
    @ExclusiveLM M. McLuhan “the medium” is the message … he was making a case for TV but in this case the “medium of exchange” is the message. No one sees what is right in their faces. Until usury (the true meaning of usury) is wiped out, all else is futile. We measure ouselves with a crooked stick. Not that it’s intended we measure ourselves in the first place but … there is only one source of credit. The MoE is best spent into existence, not borrowed.
  3. ExclusiveLM says:
    At least i’m smart enough to see the problem most people refuse to acknowledge. Corporate Treasuries and Banks have most of the money on Earth. It’s that simple. As long as big companies hold on to their earnings to satisfy their share holders while merging with other companies and firing half of the staff to save on overhead after each merger the economy will continue to go to hell in a hand basket. That’s why you see people protesting all over the world. PERIOD !!
  4. ExclusiveLM says:
    @Independent0bserver At least i’m smart enough to see the problem most people refuse to acknowledge. Corporate Treasuries and Banks have most of the money on Earth. It’s that simple. As long as big companies hold on to their earnings to satisfy their share holders while merging with other companies and firing half of the staff to save on overhead after each merger the economy will continue to go to hell in a hand basket. That’s why you see people protesting all over the world. PERIOD !!!!!
  5. Independent0bserver says:
    @ExclusiveLM McLuhan was certainly correct … the medium is the message. The “medium” everyone is missing the message of in this case is, the “medium of exchange”.
  6. Independent0bserver says:
    @ExclusiveLM Every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, For not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. cont…
  7. Independent0bserver says:
    cont…
    After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. We will employ the high office of the President of our dummy corporation to foment this plot against America.
    EM House
  8. Independent0bserver says:
    @ExclusiveLM

    Once a nation parts with the control of its credit, it matters not who makes the laws.
    William Lyon Mackenzie King

    Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament (congress) and of democracy is idle and futile.
    William Lyon Mackenzie King

  9. ExclusiveLM says:
    @Independent0bserver you are completely off your rocker independent0server. You say the gov has to control something that is being controled by big businesses. That is not logical. Most of the money is being held by corporate treasuries and banks. Until those 2 entities get their act together, the gov can’t regulate supply and demand. For one companies could just say i’m going overseas to do business if they feel squeezed by the gov. Come on, you don’t know your stuff
  10. Independent0bserver says:
    Supply vs demand = price. One of gov’t true rolls is to ensure this occurs naturally without influence. Equilibrium is a natural state all systems strive for. What the vast majority miss is the inherent design flaw of usury. Math, logic, morality and scripture all condemn usury. “Copper-top”, the purchasing power of your labor is halved approximately every 35 years. The medium of exchange is birthed in debt before it even enters the economy. All you mention is systemic of usury.
  11. ExclusiveLM says:
    @Independent0bserver you say the government must print non-interest bearing bills RIDICULOUS !!! The problem with the US economy lays in big companies buying up smaller companies. Then firing many employees of the companies they bought to consolidate and save money. That causes lack of jobs. Those now bigger companies have a tight grip on earnings to keep share holders happy. They control jobs and currency flow in this manner. Lopsided capitalism.
  12. charronfamilyconnect says:
    How do you prevent the government from creating too much money, how do you divide it up, and how do you decide who gets what?
  13. RozalynPaschalMD says:
    Any person or company that has a debt, debt meaning car note, morgage, credit card, loans, or any money owed to be paid back is contributing to the problem.
  14. daveusaz1218 says:
    @DurexDurpaneu2 it’s not that $1 USD is worth $20 USD, it’s what used to cost $1 USD now cost $20 USD
  15. Independent0bserver says:
    @PhillyBluntz86 Governments don’t print money.
    Governments issue interest bearing bonds (based on the credit of the people) to the banks (fed) which are then monetize.
    The problem is both with the banks and government, compounded by many ignorant people. Not one in a million figure this trick out.
    Government can and has an obligation to print non-interest bearing bills of exchange (based on the credit of the people).
    We must hold government to their obligations and eject those who don’t.
  16. Independent0bserver says:
    C’mon folks it’s quite simple … the question to ask yourself is: “why would government borrow at interest, that wich it can create itself for free?” Governments are supposed to do what is in the best interest of the people. However, it seems government is doing what is in the best interest of the banks.
  17. Independent0bserver says:
    Pour a full glass of kool-aid.
    Drink half the glass.
    Fill glass back up with water.
    Drink half the glass.
    Fill glass back up with water.
    Drink half the glass.
    Fill glass back up with water.
    Drink half the glass.
    Fill glass back up with water.

    Our purchasing power has been so diluted by the usurer. Stop enabling him.

  18. kingwaldo100 says:
    Dont trust the FOS, they are opinion makers and are living on another world.

    If you are in debt, go bankrupt. These debt companies are like vultures, if your partner is pregnant leave the country, because there is a very good chance she will not have the baby due to treats,excessive phone calls and harrassment. A corrupt system, banks lie, codes and acts are breached, FSA just watch and dont do anything. A failed system and banks are fully protected.

    Ex IFA Director 20 yrs service FSA

  19. sadmanbadmanGLADMAN says:
    if this how the banks work then we’re fucked!!!!
  20. PhillyBluntz86 says:
    this asshole is so full of shit. Only how many percent is created by the government printing money? BULLSHIT 3% If the whole problem was the banks, we as a people would shut them all down! The REAL problem is us as a people acting like cows gone to slaughter and mooing our way through ignorance to allow THE GOVERNMENT to print more money and borrow more money behind our backs, to then say “Oh, we’re sorry for FUCKING you in the asshole and leaving you with an ENORMOUS economic debt”. Have Fun!!!
  21. DurexDurpaneu2 says:
    @kingsofthepaupers so is that why a 1900s 1$ us is worth 20$ now? How come money is constantly losing value then? Pls tell me since you clearly know more about this then me.
  22. solvedebtproblems says:
    good information, give a good insight into this problem
  23. kingofthepaupers says:
    Jct: So no mention of fixing the real positive feedback malfunction in the banking system. See my youtube video “How banks create money” for the blueprint of the banking system from the tap to the drain with pipes.
    The Banking Systems Engineer.

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