The banking system is going to collapse just like it did in 1929 and for the same reason. The bankers simply release control on credit during good times and the populations go into debt thinking the good times will never end. Human beings, by nature are not reasonable creatures and this weakness is exploited to sink them into debt. As debt increases more and more money must be created to finance this debt as well as keep the economy growing - even if it growing to buy more goods from the East.
The difference between the cash in the economy and the greater money owed to the bankers (principle + interest) becomes greater as currency supply is expanded and the bank slowly gobbles up society like a tape worm. Movies on the topic are “Money As Debt” & “The Money Masters: How The Federal Reserve Stole America” both can be viewed for free on Google video.
Banks keep printing more and more money from nothing to finance both people and their government. They gradually own the earth in exchange for absolutely nothing but the expense of printing numbers on paper. Ultimately a currency cannot truly be based on nothing, rather than gold or silver, ours is simply enforced by lead. The war machine is necessary to keep the bankers in business and does so by forcing foreign governments to use their currency, and by getting it in the form of loans from the World Bank and IMF. People pay for the wars in the form of the income tax. It all boils down to armies created and used to reinforce the value of private banker created money from nothing. A handful of families sit at the root of the worlds money creation tree.
The bankers know full well that with the current war model for running civilizations, all the wars will have been fought and won when globalization is fully implemented. War no longer works after control of currency creation lies at a suitably and amicably small source. A new method of governance is necessary. Enter environmentalism. The carbon tax creates the debt from which a new fiat currency can be created.
The change in your pocket is not actually created by these people. It is not a fiat currency. The metal used to create a penny is worth about a cent. The same can be said for coins up to the Toonie. The Toonie has been on a bit of a diet due to inflation and is getting much thinner and the Nickle is no longer nickle. Although it loses value through lowering specie, this money is not borrowed from private banks and it is not fiat money.
It has more grainularity than pure gold or silver and is our only honest money and its value may ultimately always be recognized– if everyone understands economics and money. If the price of bread skyrockets to ten thousand debt instruments per loaf you should still be able to buy one with the change in your pocket if the nickles you have are not made of wood.
Catharine Austin Fitts first coined the term “Tape Worm” and is an ex high level banker who learned of the scam before it became widely known. Her site
Note: The composition and value of coins can be found by finding the composition from various sources on the web such as Wikipedia. Current prices can be found from the markets. The Canadian nickle is no longer nickle and the penny is no longer copper. The wooden nickle may be months away. Currency value began declining in the 1960's when silver was replaced with cheaper metals. Valuable metal coin is the only access to honest money for a population, the cheapening of coin is a loss of freedom, a loss that creeps slowly on us as freedom slowly gives up territory. Gold bars and silver bars may be valuable, but try and buy a loaf of bread with one.