ConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the light

Last year, I learned how derivatives can be used by banks to manufacture the illusion of profit. Tomorrow, I am introducing a ten-minute rule bill which would bring this casino banking into the light.

Read more via ConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the light.

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Comments & Responses

5 Responses so far.

  1. derivatives are NOT the problem Steve, while you mince about 148 UK homes a day continue to go into repossession, MPE or mathematically perfected economy‚ would re-finance a £100,000 home with a hundred-year lifespan at the overall rate of £1,000 per year or £83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE‚ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

    There is no other solution. Regulation can only temper an inherently terminal process. If you are not promoting mathematically perfected economy, then you condemn us to monetary failure….

  2. The so called central banking systems of the world in fact never earn this “money,” not only because they produce no product or actual service for it, but because the “money” they pretend we must borrow from them is no more than our own promise to pay. Nor are they actual creditors, for on the contrary, they give up nothing for our promises to pay, and only intervene upon our commerce to pretend the justification for dispossessing us of all our production is no more than their unassented authority to no more than publish our promissory notes, at no practical cost to themselves whatever. They thus collect, just in ostensible principal, so much as all the wealth which is ever subjugated to these obfuscations, only as if this mere publication of our promissory notes made them actual providers of credit; and only as if any resultant debt is ever actually owed to them. They further subject these lies then to interest, as if actual risk existed in the negligible costs of no more than publishing our promises to pay. All these intentional falsifications of principle then are such blatant, self evident, and ever demonstrable facts that it is amazing any truly free and just people would ever tolerate their fatal subjugation to these obfuscations for nought. Evidently too, this is the common observation of today’s vast pretended representation, for never were these purported principles subjected to the assent of a knowledgeable, intelligent public; nor is it possible they were ever passed by one, for it is intellectually impossible to intelligently ensure our demise for no more than handing over the publication of our promissory notes‚ the very fulfillment of which is ultimately even made impossible by the breaches of principle in the resultant, wholly unnatural, ever unjustified, and fatal arrangement, further information you can visit, and

  3. Jack says:

    It is a crisis of money management, and the result of permitting ruthless private international financiers to gain and keep control over “OUR” money AGAIN. Yes, money is a sovereign right that arises from the sovereign right of an individual to enter into contracts. By allowing that right to be usurped by private banking interests we have lost the greatest power a free and democratic people can have – economic power. I would say that 90% of all the people are confused about money. About what it is now, where it comes from, but more importantly, what it should be, and where it should come from.

    Wealth often confused with money, can take almost any form, and historically it has, from gold to cattle, from grain to salt, and water to land. These are all forms of wealth, commonly called commodity wealth with the exception of land, which is known as “real wealth” or “real estate” because it has certain distinctions that commodity wealth does not. Notes or deposit receipts (money) for grain, metals, gems, or other items of value have served throughout time as a safer, more convenient means of transferring payment. Here the reputation of the issuer was the key factor in its acceptance.

    But the point here is that “money” is a medium, or means of exchange that takes the place of the items being exchanged. When items of value are exchanged that is called “barter”. Money is used in place of barter. Money is not the things themselves. For money to retain it´s integrity it should be free of any intrinsic manipulation which one of them is interest.

    Mathematically Perfected Economy NOT ONLY restores our sovereign right to issue our own promissory notes to each other, but also offers a money management system at the same time.

  4. Jake,

    we must meet, send me a private message in the…x

    W A Kitikonti

    • Jack says:

      Ok Wesley. Why are all these politicians so bloody stupid???? I just don´t get it.

      Anyway, let me give you a buz. L8ter