Naomi Symmonds Glass: Greed

Greed definition: A sin of excess. Applied to a rapacious desire and persuit of material posessions

The banking industry. The most notably greedy corporations. Bankers have been caught out on a series of occasions for fraud, hiding assets and exploiting the sin greed in each of us by offering loans to us for our own consumption benefits. This in turn creates a cycle of perpetual debt, by increasing the money supply, and then adding interest on to that loan. The amount of money owed back to the banks, will always exceed the amount of money that is in circulation. The only way to erase debt, is to get rid of all the money. Andrew Jackson, in 1835, made a commitment to shut down the entire central bank, therefore eradicating all debt, until another institution like it was created. However in 1913, the Federal Reserve was initiated, and as long as this institution exists, perpetual debt will always exist. The fractional reserve system works with every one loan, based on a banks reserves, these reserves derived from deposits. Any one deposit can create nine times its original value, in turn debasing the original money supply, raising prices in society. This money is then circulated through commerce, exchanging items of equal value, and people are forced to compete for labour in order to pool enough money out of the money supply to cover the cost of living.

"Give me control over a nations currency, and I care not who makes its laws.”
Baron M.A. Rothschild