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  • Peoples Bank Party
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    Original URL path: http://peoplesbankparty.org/ (2015-03-27)
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    The People s Bank Party

    Original URL path: http://peoplesbankparty.org/heading.htm (2015-03-27)
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  • contents
    People s Bank Party Woody s Songs Famous Quotes Inflation What is Money Leaflets Henry Ford and Thomas Edison Constitution and Purpose Contact Us Links Articles Membership Application

    Original URL path: http://peoplesbankparty.org/contents.htm (2015-03-27)
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  • the following during the 1939 Save The Commonwealth Bank Campaign when he was over 80 years of age I trust that good and patriotic Australians will swear by the altar of their gods the tombs of their ancestors and the cradles of their children that they will never vote for Parliamentary candidates whose secret mission is to destroy the Commonwealth Bank and whose brains if extracted dried and placed in the quill of a cocksparrow and blown into the eye of a bee would not even make him blink In 1947 the Ben Chifley Labor Government tried to re establish the People s Bank by nationalising the private banks This effort was defeated by the High Court In 1991 Labor Prime Minister Bob Hawke put the final nail in the coffin of the People s Bank by starting the privatisation of the Commonwealth Bank Paul Keating continued in 1993 and John Howard finished the job in 1996 Since then the burden of taxation foreign ownership and foreign debt has continued to get worse while Prime Minister Howard continues to sell off our Nation At present about 97 of our money supply is created by the private banks which are not controlled by Australians Our economy is being run for the benefit of international bankers and their associated multi national corporations The proof of these claims is in the fact that Australia has huge levels of foreign debt and foreign ownership We are constantly told we need foreign investment This is and always has been a complete hoax The only thing we receive from foreign investment is perhaps some pieces of paper or some digits on a computer screen The real investment is Australian people power know how and raw materials Only by giving the role of creating the money supply to a people s government will we be able to ensure that the money supply is used to guarantee a prosperous environmentally conscious and people friendly economy Only then will all Australians present and future be able to have a fair go in what used to be called the Lucky Country Why the People s Bank Party Money plays a central role in most of our activities It lies at the heart of all political policies Our present money supply system is responsible for so many of the country s economic social political environmental medical and other problems that only a reform of the money supply system itself has any hope of addressing them Without reform of the money supply system any other political reform will never go anywhere near solving these problems If you think that all the money in the Australian economy was created by government agencies the Australian Mint and or the Reserve Bank of Australia in the form of notes and coins you are sadly mistaken At the present time about 3 or 3 cents in the 1 of the money in the Australian economy was created by the government The remaining 97 or 97cents in the 1 was created by the private banking system Bank Created Money Go into a bank for a loan and you might think that the money that you borrow is some fellow customer s hard earned savings It is not Banks do not lend cash when they grant you a loan Instead they grant you credit This credit can be spent like cash and to all intents and purposes it is as good as and exchangeable for cash Money is created out of thin air like this by the private banking system not only when they lend to private individuals but also when they lend to businesses and to the government The banks have been able to extend their money creation to its present 97 of the total money supply because in today s economy with increasing use of credit cards debit cards cheques and bank transfers very little of the money that we use either as individuals or as organisations exists in the form of cash Our Constitution provides for our government to create money but the Founding Fathers probably did not foresee the explosion in bank credit and the cashless society Little Cash Needed Banks only need to retain very small reserves of government created money cash in order to meet the dwindling demand for cash The rest of the time they happily pass cheques and similar payments between each other which are backed by nothing more than a ledger or computer entry in the form of somebody s debt Bank created money is responsible for most of the economic problems that occur within Australia and throughout the world Three of the problems are as follows 1 Government Borrowing Most governments throughout the World have massive borrowings from private banks called the National Debt This may seem odd in view of the fact that most governments have the power to create money for use in their economies Perhaps the reason is that organisations e g banks which can create money are in a very good position to influence your average politician The government then has to tax the people to pay the interest on the National Debt and also to repay the loan to the private banks The Australian government has recently proudly announced that it has paid off the National Debt This is not necessarily a good thing Without a deficit the money supply may not be sufficient to ensure a healthy economy Those countries which have run large deficits in recent times have tended to have the greatest economic prosperity This is due to the abundant supply of money in their economies In Australia the money short supply resulting from repayment of the National Debt has been overcome by 1 Selling off Australia s National assets 2 A massive increase in foreign debt and foreign ownership resulting from foreign investment also a selling off of Australia 3 Over taxation of the Australian people including the introduction of the G S T 4 Degradation of services supplied

    Original URL path: http://peoplesbankparty.org/body.htm (2015-03-27)
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  • The Bankers Song
    the people By the people For the people A Of the people By the people For the people Chorus 2 D C D C Stand up every body The people should issue their money Stand up every body Our government should issue our money D D D C A G Not the banks Not the banks Not the banks Verse 4 D C etc Lincoln tried to do it He just copped a bullet JFK tried to What are we going to do Verse 5 The media has been bought They just control your thought Guess who pays their ranks Yes it is the banks Bridge A Globalise Rationalise Downsize Outsource C D C G A Greed is their God space C G A Hey What ab out our jobs Verse 6 A etc War is their biggest con To make governments borrow money for bombs If it weren t for their deviousness The world could live in peace Verse 7 There s plenty to go round God s gifts know no bounds If it weren t for bankers greed There d be no one in need G E Chorus 1 E Of the people By the people For the

    Original URL path: http://peoplesbankparty.org/bankers_song.htm (2015-03-27)
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  • know that there is a power somewhere so organised so subtle so watchful so interlocked so complete so pervasive that they had better not speak above their breath when they speak in condemnation of it Woodrow Wilson the U S president who was duped into signing into law the U S Federal Reserve Act 1913 which created the privately owned U S Federal Reserve Bank after he realised the dreadful mistake he had made The small group of dominant men he referred to were the International Bankers It was not accidental It was a carefully contrived occurrence The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all U S Congressman Louis T McFadden talking about the Great Depression These international bankers and Rockefeller Standard Oil interests control the majority of the newspapers and magazines in this country They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government The warning of Theodore Roosevelt has much timeliness today for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over City State and nation It seizes in its long and powerful tentacles our executive officers our legislative bodies our schools our courts our newspapers and every agency created for the public protection To depart from mere generalisations let me say that at the head of this octopus are the Rockefeller Standard Oil interest and a small group of powerful banking houses generally referred to as the international bankers The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes They practically control both parties write political platforms make catspaws of party leaders use the leading men of private organisations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business These international bankers and Rockefeller Standard Oil interests control the majority of newspapers and magazines in this country John Hylan Mayor of New York 1927 Without being radical or overly bold I will tell you that the Third World War has already started a silent war not for that reason any the less sinister This war is tearing down Brazil Latin America and practically all the Third World Instead of soldiers dying there are children instead of millions of wounded there are millions of unemployed instead of destruction of bridges there is the tearing down of factories schools hospitals and entire economies It is a war by the United States against the Latin American continent and the Third World It is a war over the foreign debt one which has as its main weapon interest a weapon more deadly than the atom bomb more shattering than a laser beam Prominent Brazilian politician Luis Ignacio

    Original URL path: http://peoplesbankparty.org/creation_of_money.htm (2015-03-27)
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  • inflation equation The only marginal influence that the government has over inflation is through appointing the members of the Reserve Bank Board The Board in turn attempts to control the level of borrowing and therefore the amount of money created by the banks by raising or lowering interest rates Raising interest rates reduces borrowing and so reduces the amount of money that is borrowed into existence but higher interest rates themselves add to inflation as businesses pass on their higher costs to customers Inflation is only controlled when businesses start going bankrupt and when householders get their homes repossessed Of course members of the Reserve Bank Board are often businessmen who depend upon good relations with the private banks for their business survival It s a bit like Mr Howard or Mr Costello saying Don t worry about the chickens we ve left the fox in charge Inherently Inflationary A further feature of the impact of interest bearing debt money such as money that is created when someone takes out a bank loan is that more money is needed to redeem the debt than is originally created because of the need to pay interest upon it In other words in order to meet the interest payments upon money created as an interest bearing debt more money has to be created and if that extra money is also created as an interest bearing debt then more money has to be created in order to meet the interest payments on that money And so on and on it goes The nature of money created as an interest bearing debt is thus inherently inflationary It is insidious and unstoppable year on year underlying whatever other inflationary pressures there might also be within the economy for example from oil or bannana price rises Inflation Free Money The only way to eradicate this inflationary tendency would be to replace money that is created as an interest bearing debt with money that is NOT created as an interest bearing debt Money that does not require an additional sum over and above the amount created to be paid as interest Non interest bearing money would need to be created by the government This interest free and debt free money created by the government would further benefit an economy by reducing the need for taxation This new government created money would not need to be only cash It could easily be created as a sum in an account with a government owned bank e g the People s Bank and spent upon public works government services and social security payments Of course care would need to be exercised so that neither too much nor too little money was created in this fashion Strict controls would need to be placed upon lending by the private banks The aim would be to achieve that level of money supply which provides a healthy balance between the needs of consumers and the productive capacity of the economy Avoiding Hyper Inflation Elsewhere in

    Original URL path: http://peoplesbankparty.org/inflation_control.htm (2015-03-27)
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  • a balance in a bank building society credit card or similar account In Australia this non cash money is approximately 97 of the total money supply This money is not created by the government It is actually created by the private banking system out of thin air Just in case you read that last sentence and thought that it could not possibly mean what you thought it meant that the private banking system literally creates 97 of the Australian economy s money supply out of nothing let it here be repeated in bold letters The private banking system creates 97 of the Australian money supply out of nothing i e thin air zilch zero nil naught There are serious laws against counterfeiting notes and coins and people who are caught doing so rightly face a lengthy spell in jail Creating money out of nothing and using it to acquire the efforts of those in agriculture industry or services who provide their fellow citizens with real wealth has long been recognised as being tantamount to theft yet the private banks are allowed to create non cash money which can be exchanged for cash Nor is it a small amount 97 is very nearly the whole of the Australian money supply This shocking fact is a well kept secret To most people economics is a mystery and this is no accident This is what John Kenneth Galbraith former Professor of Economics at Harvard said in his 1975 book Money Whence it came where it went The study of money above all other fields in economics is one in which complexity is used to disguise truth or to evade truth not to reveal it The process by which banks create money is so simple the mind is repelled With something so important a

    Original URL path: http://peoplesbankparty.org/what_is_money.htm (2015-03-27)
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