It is not necessary to be a banker to do this, multiply your property, without making mistakes (Sellier laws and others that invite you), because some by making mistakes, found themselves SDF (reports sent special by example) !!
What is new are the banks that are so huge, which should become homeless, as a result of errors and therefore bankruptcy, who practice blackmail, bail me out, because if I collapse, you do like me, you collapse , because you are sitting on the same branch as me !!
It is : the shock strategy or the rise of the disaster strategy, in paperback by Naomi Klein, Babel ed Leméac 2008 collection !!
Book to read, because it retraces how for almost 30 years, this strategy of disaster has enriched capitalism !!
http://fr.wikipedia.org/wiki/La_Strat%C3%A9gie_du_choc
http://en.wikipedia.org/wiki/The_Shock_Doctrine
http://www.naomiklein.org/main
http://www.naomiklein.org/shock-doctrin ... -in-action
http://www.naomiklein.org/articles/2008 ... se-attacks
http://www.lemonde.fr/cinema/article/20 ... _3476.html
This book written in 2007, based on exact facts (corruptions with Bush and Iraq war, for example), was premonitory, because the financial crisis of 2008, confirmed it, with this new financial shock, to better multiply the profits !!
A book from 1950 recounts the same type of financial gain, since 1694, with the history since 1694 of Protestant financiers, the basis of the current global financial economy disapproved of by Catholics:
Tomorrow is the Year 2000! written in 1950
with extracts on:
http://vimeo.com/1711304?pg=embed&sec=1711304
In 1694, William of Orange, who became William III of England, had no more money to pay for his army. This Dutchman, whose success had been financed by the Protestant bankers of his country, will - just return of things - be caught in the spiral of Anglo-Dutch usurers. A syndicate of loan sharks, led by William Paterson, proposed the following combination to him: a) The private syndicate will advance to the government a gold loan of 1 pounds, at the rate of 200%, the principal and the interest being guaranteed by the state and paid in gold; b) as a reward, the private syndicate has the right to be called Bank of England; c) as the syndicate thus deprived itself of all its capital to finance the loan, it had in exchange (?) the right to issue and negotiate promissory notes up to the amount of 000 pounds loaned in gold, in the state.
Until then, only the state had the sovereign right to coin money, it was he who could and should have issued these notes pledged on the gold he had borrowed. The syndicate, abusing its title of Bank of England, had printed banknotes recognized as valid in London, then throughout the country, under the moral guarantee of the king and the material of the gold loan. It was great, the public trusted in papers that the Bank - having no more capital - was unable to repay. Thus was born modern credit in paper money, a veritable counterfeit of Crédo.
By this breach of confidence in the English people, coupled with high treason against the king, says Thomas Robertson (1), the clan of usurers doubled with a stroke of the pen their fortune. It even more than doubled, since it affected not only the interest on his gold loan, but the interest on the paper notes he began to lend - the 6% on the initial capital becoming 12% , in eight years it doubled again (2).
Thus the Bank had created a double debt, one from the government - which, after all, pocketed gold - the other from the English people. The simultaneous indebtedness of the government and the people will only grow constantly, the government obviously making everything fall on the people through the tax system. This is the origin of the English national debt, zero before William III and which reached, in 1948, 24 billion pounds. The mechanism has three stages: usury, debt, taxes, 60% of which are used to pay interest on the debt.
William III continued to borrow from the Bank up to a maximum of 16 million gold pounds. And it issued the same amount in notes. What is more, since banknotes were used in the same way as gold, even abroad, the Bank henceforth advanced to the government paper ... guaranteed by it, and no longer in gold. That's it. It is obvious that at that time the government could have taken back its sovereign right and decided to print the tickets itself; he would thus never have had interest to pay or a national debt in a snowball.
At first, the bank only issued notes up to the amount of gold loaned, and kept a gold reserve intended to cover claims for reimbursement. Little by little, she realized that people preferred to handle tickets lighter than gold, and that one could issue tickets by simply keeping a reserve of 10%.
Put in taste by such a fruitful operation, the banks multiplied like mushrooms. Between 1694 and 1830, there are 684 private banks in the British Isles, each issuing its own banknotes.
Apart from any moral consideration, the production loan is enough to unbalance any economy which is not purely agricultural or pastoral, that is to say the only economy where "biological growth", a gift of God, eternally renewed, fear of exceeding the "money grows" when the rate is low. Industry only transforms and, through extraction, depletes.
First of all, it is inflation. There are ten times more legal currency signs in 1836 than in 1694. However, this paper money is not only loaned but spent directly by the banks, which thus play the role of traders. They can thus run their business, with only 10% of real capital, while manufacturers who want to launch a factory or build up a stock borrow from the banks, at the rate of 6%, banknotes which represent almost nothing and mortgage their means. real production for wind. This explains the few bankruptcies of the banks and the vampirization of industries and commerce by "investment banks".
However, in 1836, the British government became aware of the danger. After a secret investigation, Chancellor Robert Peel took the initiative in the Bank Charter Act of 1844. This law took away from some 600 private banks the right to issue banknotes, recognizing only the -Only- Bank of England, this time obliged to have a 100% gold cover - which lasted until 1914 ...— Today, the cover is only symbolic.
Poor government! The 600 bankers united in a new syndicate, the Joint Stock Banks- and - replaced the issue of banned notes by the issuance of checks facilitating the bank advance, that is to say the opening of credit in current account. It was only a camouflaged issue of banknotes, and all the more advantageous since it would serve mainly to swell the production of large borrowers and not to facilitate the consumption of small ones, like legal tender.
It was a new stroke of genius. This time, it is no longer the king who will endorse the issue, it is the depositors, as a result of a skillfully maintained confusion.
The secret of banking omnipotence around the world, says Robertson, lies in the following fact: "When an individual deposits £ 1 in cash in the bank today, the bank does not lend that £ 000. to another client, but keeps them in reserve, and lends by bank advance, or by check, £ 1, which is nine times the amount of the deposit she received ". It is the first customer who constitutes the reserve of 000% ... whereas the good public believe that any Bank is only an intermediary which advances the money placed with it in deposit, that is to say 9 for 000 £. This is moreover what is declared in all the orthodox treatises, and which was officially inscribed in the Encyclopaedia Britanica until 10; but in the 1 edition, you read that "the banks lend by creating credit, they create their means of payment ex nihilo" specifies Mr. R. Hawtrey, Assistant Secretary to the Treasury.
In general, the borrower has posted collateral. If he cannot repay his loan, the bank seizes the guarantees and makes an absolute profit while the borrower goes bankrupt. If he repays, the bank receives 6% of £ 9000, or 54% of the £ 1 that had been deposited in the past, nice profit for having made a simple writing game. The operation is canceled, the amount entered is entered in the Credit column, it cancels the amount carried out in the Must column. The £ 000 dissolve in the wind, where they came from! ...
Hence the almost magical power of banks. They not only create and destroy money, but business. They cause booms, artificial crises, periods of overactivity or unemployment, depending on whether - like a coquette - they grant or not their favors, that is to say current account credits. They are masters of the "trade cycle". Their power is invincible, whatever party triumphs temporarily. They gradually concentrate everything in their hands, on the ruin of nations.